Exhibit 99.03 Schedule 1
| Loan ID | Customer Loan ID | Seller Loan ID | Note Date | Original Loan Amount | Last Name | Property State | Occupancy | Purpose | Originator QM Status | TPR QM Status | Exception ID | Exception Number | Exception Date | Exception Type | Exception Subcategory | Exception | Exception Remedy | Rebuttal | TPR Response | Compensating Factors | Status Update Date | Finding Status | Initial Exception Grade | Final Exception Grade | Initial Loan Grade | Final Loan Grade |
| 4000096565 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 21:40 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000096565 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 21:41 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000096565 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 21:41 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000099205 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Final Settlement Statement Missing. | The final Settlement Statement document is missing. Please
provide final HUD |
FINAL SS - |
Final Settlement Statement was provided. Condition resolved. - xxxxxx Final HUD-1 Document is not missing or estimated only. - xxxxxx FINAL SS - xxxxxx |
xxxxxx 18:59 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000099205 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 17:08 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000099205 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx |
xxxxxx 17:29 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000099773 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not contain sufficient documentation to verify
debts associated with all other properties. The loan file is missing the
property tax information for xxxxxx and xxxxxx. |
Property profile is in the file shows the total tax amount. -
xxxxxx |
Property Profile Reports for xxxxxx and xxxxxx are in file.
Condition resolved. - xxxxxx Property profile is in the file shows the total tax amount. - xxxxxx |
xxxxxx 19:27 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000099773 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable appraisal guidelines. |
xxxxxx 17:45 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000099773 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 23:01 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000099776 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 2 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 18:02 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000099776 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 2 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 18:02 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000099780 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Borrower 1 Gap Credit Report is Missing | Borrower 1 Gap Credit Report is Missing The loan file is missing
the gap credit 10 days prior to closing.
|
Since it’s DSCR, the debt does not matter. GAP report not
required. Please waive. - xxxxxx |
DSCR loan, gap report not required. - xxxxxx Since it’s DSCR, the debt does not matter. GAP report not required. Please waive. - xxxxxx |
xxxxxx 18:49 | Void | 4 | 4 | 2 | |||
| 4000099780 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | Eligibility - Investor Experience | The borrower(s) investor experience does not meet guideline
requirements. Per the underwriter guidelines, first time investors must own
their own primary; however, the borrower is living rent free. The Loan file
contains an exception for (FIRST TIME INVESTOR, DSCR < 1, LIVING RENT
FREE). The Compensating factors are: FICO score above minimum by 20 points or
higher, DTI below max by 5% or greater, PITIA reserves above minimum by 6
months or higher, reduction in housing payment by 10% or greater, Conservative
use of non-housing debt, Residual Income, 0 X 30 X 24-month housing history,
5 years minimum in subject property, Jxxxxxx stability of 5 years or more,
Minimal payment shock, Stable ancillary income sources for borrower not being
used for qualifying. |
The borrower(s) investor experience does not meet guideline
requirements. Per the underwriter guidelines, first time investors must own
their own primary; however, the borrower is living rent free. The Loan file
contains an exception for (FIRST TIME INVESTOR, DSCR < 1, LIVING RENT
FREE). - xxxxxx |
The Compensating factors are: FICO score above minimum by 20 points or higher, DTI below max by 5% or greater, PITIA reserves above minimum by 6 months or higher, reduction in housing payment by 10% or greater, Conservative use of non-housing debt, Residual Income, 0 X 30 X 24-month housing history, 5 years minimum in subject property, Jxxxxxx stability of 5 years or more, Minimal payment shock, Stable ancillary income sources for borrower not being used for qualifying. | xxxxxx 17:14 | Waived | 2 | 2 | 4 | 2 | ||
| 4000099780 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable appraisal guidelines. |
xxxxxx 22:16 | Cleared | 1 | 1 | 4 | 2 | ||||
| 4000099875 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than total amount of subject lien(s). |
Title supp - xxxxxx |
Letter from Title company was provided stating: The above
numbered report (including any supplements or amendments thereto) is hereby
modified and or supplemented to reflect the following additional items relating to the issuance of an American Land Title Association Loan Form Policy. Condition resolved. - xxxxxx Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xxxxxx Title supp - xxxxxx |
xxxxxx 15:22 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000099875 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | The Final 1003 is Incomplete | The final 1003 is incomplete. B2 final application reflects
borrower will occupy subject however the transaction occupancy is
investment. |
URLA - xxxxxx |
Received 1003 - xxxxxx URLA - xxxxxx |
xxxxxx 18:19 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000099875 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable appraisal guidelines. |
xxxxxx 02:58 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000100755 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Compliance | 1-4 Family Rider is Missing | The file is missing the 1-4 Family Rider. |
PUD rider attached - xxxxxx |
The 1-4 Family Rider is Present - xxxxxx Assignment of leases attached to mortgage - xxxxxx PUD rider attached - xxxxxx |
xxxxxx 19:06 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000100755 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | PUD Rider is Missing | PUD Rider is missing. PUD rider provided. |
PUD rider attached - xxxxxx |
The PUD Rider is Present or is not applicable (Property Type is
PUD) - xxxxxx Recieved rider - xxxxxx PUD rider attached - xxxxxx |
xxxxxx 19:06 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000100755 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain the Approval/Underwriting Summary.
Missing Loan Approval |
Lender approval attached - xxxxxx |
Approval/Underwriting Summary is fully present - xxxxxx The seller provided a loan approval - xxxxxx Condition voided, DSCR loan not subject to compliance, guidelines do not have a maximum late charge. - xxxxxx Lender approval attached - xxxxxx |
xxxxxx 17:07 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000100755 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 21:49 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000101004 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 16:08 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000101004 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable appraisal guidelines. |
xxxxxx 16:08 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000101004 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 16:19 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000101745 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Eligibility - Investor Experience | The borrower(s) investor experience does not meet guideline
requirements. Borrower is a 1st time Investor and our DSCR % is less than 1%,
which is what is required for a 1st time investor per guidelines. Borrower
has owned his primary for 14 years. This should be a Grade 2. A formal exception is in the file. |
- xxxxxx |
1. FICO is way higher than the minimum. 2. LTV is less than Maximum. 3. Borrower has double the required reserves. |
xxxxxx 00:47 | Waived | 2 | 2 | 2 | 2 | ||
| 4000101745 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 16:20 | Cleared | 1 | 1 | 2 | 2 | ||||
| 4000101745 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable appraisal guidelines. |
xxxxxx 16:20 | Cleared | 1 | 1 | 2 | 2 | ||||
| 4000102125 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 19:38 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000102125 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 19:39 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000102125 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 19:48 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000102795 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 6 | xx/xx/xxxx | Credit | Asset Qualification Does Not Meet Guideline Requirements | Asset Qualification does not meet guideline requirements. The
loan file is missing the reserves/assets.
|
Please see attached, borrower has enough funds to close. - xxxxxx |
xxxxxx Print-out was provided showing balance. Condition resolved. - xxxxxx Asset Qualification Meets Guideline Requirements - xxxxxx Please see attached, borrower has enough funds to close. - xxxxxx |
xxxxxx 15:55 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000102795 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 6 | xx/xx/xxxx | Credit | Cash reserves less than required by guidelines | Total Cash reserves of '$xxxxxx' are less than $xxxxxx. The loan
file is missing the reserves/assets.
|
Please see attached, borrower has enough fund. - xxxxxx |
xxxxxx Print-out was provided showing balance. Condition
resolved. - xxxxxx Please see attached, borrower has enough fund. - xxxxxx |
xxxxxx 15:57 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000102795 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 6 | xx/xx/xxxx | Credit | Assets - Insufficient Cash to Close or Reserves | Liquid Funds Post-Close of '$xxxxxx', are less than $xxxxxx. The
loan file is missing the reserves/assets.
|
Please see attached, borrower has enough funds - xxxxxx |
. - xxxxxx xxxxxx Print-out was provided showing balance. Condition resolved. - xxxxxx Please see attached, borrower has enough funds - xxxxxx |
xxxxxx 15:56 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000102795 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 6 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable appraisal guidelines. |
xxxxxx 00:00 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000102795 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 6 | xx/xx/xxxx | Credit | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Audited reserves months are less than the guideline required
reserve months. Audited reserves of 0 months are less than the guideline
required reserve 3 months. |
Please attached, borrower has reserves. - xxxxxx |
xxxxxx Print-out was provided showing balance. Condition
resolved. - xxxxxx Please attached, borrower has reserves. - xxxxxx |
xxxxxx 15:56 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000102795 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 6 of 6 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx |
xxxxxx 19:00 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000102946 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Asset 4 Does Not Meet Guideline Requirements | Asset does not meet G/L Requirements. The loan file is missing
the 1031 Exchange Final Settlement Statement with the final disbursement
amount. |
see attached - xxxxxx |
1031 Settlement Statement provided. Condition resolved. - xxxxxx Asset 4 Meets Guideline Requirements Or Not Applicable - xxxxxx see attached - xxxxxx |
xxxxxx 14:15 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000102946 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 18:52 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000102946 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Field Review Supports Value within 10% | A Retro-Field Review was performed. The original appraised value
is supported with a variance within 10%. |
xxxxxx 18:52 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000102946 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 16:17 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000103260 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Final Settlement Statement Missing. | The final Settlement Statement document is missing. Lender to
provide the fully executed final CD, HUD or settlement statement. |
FINAL SS - xxxxxx |
Final Settlement Statement provided. Condition resolved. - xxxxxx Final HUD-1 Document is not missing or estimated only. - xxxxxx FINAL SS - xxxxxx |
xxxxxx 21:38 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000103260 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Property Issue - Neighborhood Location | The subject appraisal verified a neigxxxxxxorhood location not
allowed per guidelines. The appraisal in the loan file indicates that the
subject property is located in a rural area. According to program guidelines,
properties in rural locations are not eligible. |
Please see attached exception approval - xxxxxx LOE - xxxxxx |
Document Uploaded. Exception provided for: Exception approved in DSCR with rural
property. FT Investor 2with DSCR<1.0 (must be .75 or better). No
additional exceptions and loan subject to final review - xxxxxx Condition upheld. Provide fully executed approved exception. - xxxxxx Please see attached exception approval - xxxxxx Loan was underwritten to xxxxxx DSCR Plus Guidelines. Rural properties are not allowed. Provide xxxxxx exception. - xxxxxx LOE - xxxxxx |
Comp factors: LTV <65%, Credit score >805, Reserves >40 months | xxxxxx 20:04 | Waived | 3 | 2 | 3 | 2 | |
| 4000103260 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | General and Limited: Certificate of Good Standing Doc is Incomplete | The General and Limited: Certificate of Good Standing in file is
incomplete. The Certificate of Good Standing is in the loan file, but is not
dated. Per guidelines, it must be dated within 30 days of closing. Please
provide the updated Certificate of Good Standing. |
xxxxxx - xxxxxx As per our underwriter xxxxxx dated xxxxxx shows the business is active. - xxxxxx As per our underwriter Please note that the xxxxxx is valid for 90 days - xxxxxx |
Current Certificate of Good Standing provided. Condition resolved. - xxxxxx xxxxxx - xxxxxx Condition upheld. Provide the one from xxxxxx. The one in file is from xxxxxx. - xxxxxx As per our underwriter xxxxxx dated xxxxxx shows the business is active. - xxxxxx Condition upheld. The Certificate of Good Standing is from xxxxxx. - xxxxxx As per our underwriter Please note that the xxxxxx is valid for 90 days - xxxxxx |
xxxxxx 20:08 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000103260 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
The loan meets all applicable compliance guidelines. - xxxxxx |
xxxxxx 17:42 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000103429 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 18:19 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000103429 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 18:19 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000103429 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not contain the required 3rd party valuation
product. CU score 4.3 |
Attached - xxxxxx |
CDA supporting value was provided. Condition resolved. - xxxxxx Attached - xxxxxx |
xxxxxx 00:30 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000103517 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Asset 1 Expired | Asset expired. The bank statements provided from xxxxxx are from
xxxxxx, making the statements expired.
|
Lender Cert - xxxxxx Assets expired 2/28, but loan closed on 2/20. Assets were not expired when loan closed. - xxxxxx |
System error. Asset Docs
are not expired. - xxxxxx Lender Cert - xxxxxx Condition upheld. xxxxxx statement is dated xxxxxx. 122 days old. - xxxxxx Assets expired 2/28, but loan closed on 2/20. Assets were not expired when loan closed. - xxxxxx |
xxxxxx 15:12 | Void | 3 | 3 | 1 | |||
| 4000103517 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 20:27 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000103517 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 20:27 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000103539 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. The loan file contains a xxxxxx CDA with
a Low Risk score and value of $xxxxxx, which is a 3.2% variance from the
appraised value. |
xxxxxx 02:12 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000103539 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 02:08 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000103539 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 23:00 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000103846 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than total amount of subject lien(s).
Lender to provide the final title policy with the correct loan amount of $
xxxxxx. |
Title - xxxxxx |
Updated Title provided.
Condition resolved. - xxxxxx Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx.00+0+0 - xxxxxx Title - xxxxxx |
xxxxxx 20:45 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000103846 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 15:39 | Cleared | 1 | 1 | 3 | 2 | ||||
| 4000103846 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | Lender Credits That Cannot Decrease Test (50001262) | The baseline amount of non-specific (lump sum) lender credits
and specific lender credits disclosed is ($xxxxxx). The Last CD shows a total
lender credit amount of ($xxxxxx). The following fees "lender
credits" have decreased below their baseline amounts (General Lender
Credit). Non-specific lender credits are generalized payments that do not pay
for a particular fee. Specific lender credits are specific payments to pay
for a specific fee. The total amount of non-specific and specific lender credits
cannot decrease unless a new disclosure is provided and there is a valid
changed circumstance associated with the re-disclosure, or the creditor
provides an additional credit for the increase in Closing Costs above the
legal limit. (12 CFR 1026.19(e)(3)(i) and comments 19(e)(3)(i)-5 and -6; 12
CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). The Lender
Credit was removed without a valid change in circumstance. |
Here is the tracking to show delivery - xxxxxx See attached LOE, PCCD and account history - xxxxxx Good afternoon, is a PR acceptable or if a check is required for refund to borrower - xxxxxx Attaching tracking and COC - xxxxxx |
Received PCCD, LOE, proof of principal reduction for $xxxxxx and
tracking of borrowers receipt. -
xxxxxx Here is the tracking to show delivery - xxxxxx Please provide copy of the mailing label as proof the curative package was sent to the borrower - xxxxxx See attached LOE, PCCD and account history - xxxxxx Principal Reduction is acceptable. Please provide all relevent documentation, PCCD showing PR, LOE, internal documentation of the reduction and proof of mailing to the borrower - xxxxxx Good afternoon, is a PR acceptable or if a check is required for refund to borrower - xxxxxx Received duplicate copy of CD issued xxxxxx This finding is for the removal of the $xxxxxx lender credit from the final CD. Provide CIC for the removal of this fee or cure in the amount of $xxxxxx - xxxxxx Attaching tracking and COC - xxxxxx |
xxxxxx 15:54 | Cured | 3 | 2 | 3 | 2 | ||
| 4000103846 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | Lender Credits That Cannot Decrease Test (Fees-Limited) | The baseline amount of non-specific (lump sum) lender credits
and specific lender credits is ($xxxxxx). The actual total fee amount shows a
credit amount of ($xxxxxx). The following actual fees submitted as
"lender credits" have decreased below their baseline amounts
(General Lender Credit). Non-specific lender credits are generalized payments
that do not pay for a particular fee. Specific lender credits are specific
payments to pay for a specific fee. The total amount of non-specific and specific
lender credits cannot decrease unless a new disclosure is provided and there
is a valid changed circumstance associated with the re-disclosure. (12 CFR
1026.19e)(3) and comments 19(e)(3)-5 and -6; 12 CFR 1026.37(g)(6); 12 CFR
1026.38(h)). |
This is the PCCD and tracking, please let us know what else is
needed to clear this. - xxxxxx |
Received curative package: PCCD, LOE, proof of delivery and
internal principal reduction to the borrowers account - xxxxxx This is the PCCD and tracking, please let us know what else is needed to clear this. - xxxxxx |
xxxxxx 15:55 | Cured | 1 | 2 | 3 | 2 | ||
| 4000103860 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 18:17 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000103860 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 22:42 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000103860 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 22:42 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000103882 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Borrower 1 YTD Profit & Loss Missing | Borrower 1 YTD Profit & Loss missing. There is a profit and
loss statement in the loan documents but the borrower did not sign it. This
is required per guidelines. |
p&L - xxxxxx |
Signed P&L was provided. Condition resolved. - xxxxxx p&L - xxxxxx |
xxxxxx 20:12 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000103882 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable appraisal guidelines. |
xxxxxx 19:58 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000103882 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 12:55 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000103945 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 06:37 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000103945 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable appraisal guidelines. |
xxxxxx 06:37 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000103945 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 22:01 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000104426 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 05:02 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000104426 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 05:02 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000104426 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | Federal - Right of Rescission (Loan Disbursement Violation) (TILA) | The loan disbursement date (xxxxxx) is earlier than, or the same
day as, the calculated "Right to Cancel Expire Date" (xxxxxx).
Under Regulation Z, funds may not be disbursed to the borrower until after
the expiration of the rescission period. (Reg Z, 12 CFR 1026.23(c) and
Official Staff Commentary) ROR in file is signed by the borrowers on xxxxxx
with an expiration date of xxxxxx. Per Final CD dated xxxxxx, the
Disbursement date is xxxxxx. Disbursement date is before the end of the
statutory recission period. |
PCCD - xxxxxx |
Received PCCD correcting the disbursement date - xxxxxx Resolved - xxxxxx PCCD - xxxxxx |
xxxxxx 15:59 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000104485 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 17:50 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000104485 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 17:50 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000104485 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 17:50 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000104631 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 22:48 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000104631 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable appraisal guidelines. |
xxxxxx 22:48 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000104631 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx |
xxxxxx 15:47 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000104662 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 19:30 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000104662 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable appraisal guidelines. |
xxxxxx 19:30 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000104662 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 19:31 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000104668 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 22:35 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000104668 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable appraisal guidelines. |
xxxxxx 16:55 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000104668 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 19:40 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000104750 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 02:18 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000104750 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 16:49 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000104750 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 12:21 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000104785 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Hazard Insurance Policy is Partial | Hazard insurance policy partially provided. Missing rent loss
insurance on the policy. |
Rent loss email from insurance agent. - xxxxxx |
Explanation provided by HOI Agent for Rent Loss. Condition resolved. - xxxxxx Hazard Insurance Policy is fully present - xxxxxx Rent loss email from insurance agent. - xxxxxx |
xxxxxx 17:49 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000104785 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 22:59 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000104785 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 22:59 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000104929 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 17:22 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000104929 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable appraisal guidelines. |
xxxxxx 17:23 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000104929 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Eligibility - Borrower Identity | The loan file reflected potential identity issues. The
identification (driver's license, passport, Patriot Act Form, etc.) for
either borrower could not be found in the loan documents. |
Attached - xxxxxx |
USA PATRIOT ACT INFORMATION FORM for both Borrowers were
provided. Condition resolved. -
xxxxxx Attached - xxxxxx |
xxxxxx 19:50 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000105222 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Cash reserves less than required by guidelines | Total Cash reserves of '$xxxxxx' are less than $xxxxxx. Lender
to provide the most recent bank statements that the borrowers used for the
EMD of $xxxxxx. Only asset statement in the file is a xxxxxx saving account from xxxxxx. Per the 1003 missing the xxxxxx statements for accounts xxxxxx & xxxxxx. |
xxxxxx statements - xxxxxx |
Asset Statement provided.
Condition resolved. - xxxxxx Total Cash reserves are greater than $xxxxxx. - xxxxxx xxxxxx statements - xxxxxx |
xxxxxx 21:58 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000105222 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 5 | xx/xx/xxxx | Credit | Assets - Insufficient Cash to Close or Reserves | Liquid Funds Post-Close of '$xxxxxx', are less than $xxxxxx.
Lender to provide the most recent bank statements that the borrowers used for
the EMD of $xxxxxx. Only asset statement in the file is a xxxxxx saving account fromxxxxxx. Per the 1003 missing the xxxxxx statements for accounts xxxxxx & xxxxxx. |
Liquid Funds Post-Close are greater than or equal to $xxxxxx. -
xxxxxx |
xxxxxx 21:57 | Resolved | 3 | 1 | 3 | 1 | |||
| 4000105222 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 21:02 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000105222 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 5 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 21:02 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000105222 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 5 | xx/xx/xxxx | Credit | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Audited reserves months are less than the guideline required
reserve months. |
xxxxxx reserves -
xxxxxx |
Audited Reserves of
month(s) are greater than or equal to Guideline Required Reserves
of month(s) - xxxxxx xxxxxx reserves - xxxxxx |
xxxxxx 21:57 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000105318 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 5 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 16:33 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000105318 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. The loan file contains CU with score of
1.0 and CDA Low Risk with 0.00% variance from the appraisal value of $xxxxxx
and meets the lender's third-party valuation requirements. |
xxxxxx 16:34 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000105318 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 5 | xx/xx/xxxx | Credit | Cash reserves less than required by guidelines | Total Cash reserves of '$xxxxxx' are less than $xxxxxx. Total
Cash reserves of '$xxxxxx' are less than $xxxxxx. The most recent 1-month savings account
statement with xxxxxx acct ending #xxxxxx and IRA with xxxxxx acct ending #xxxxxx is required to
verify assets required to close. The statement provided is through xxxxxx and
the subject loan closed on xxxxxx. |
xxxxxx statements for xxxxxx #xxxxxx and xxxxxx #xxxxxx -
xxxxxx |
Updated Statements provided.
Condition resolved. - xxxxxx Total Cash reserves are greater than $xxxxxx. - xxxxxx xxxxxx statements for xxxxxx #xxxxxx and xxxxxx #xxxxxx - xxxxxx |
xxxxxx 20:45 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000105318 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 5 | xx/xx/xxxx | Credit | Assets - Insufficient Cash to Close or Reserves | Liquid Funds Post-Close of '$xxxxxx', are less than $xxxxxx..
The Borrower's total verified assets are insufficient for cash to close or
reserves. The most recent 1-month savings account statement with xxxxxx acct
ending #xxxxxx and IRA with xxxxxx
acct ending #xxxxxx is required to verify assets required to close. The
statement provided is through xxxxxx and the subject loan closed on
xxxxxx. |
xxxxxx and xxxxxx - xxxxxx |
Updated Statements provided.
Condition resolved. - xxxxxx Liquid Funds Post-Close are greater than or equal to $xxxxxx. - xxxxxx Liquid Funds Post-Close are greater than or equal to $xxxxxx. Borrower(s) total verified assets are insufficient for cash to close or reserves. - xxxxxx xxxxxx and xxxxxx - xxxxxx |
xxxxxx 20:45 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000105318 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 5 | xx/xx/xxxx | Credit | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Audited reserves months are less than the guideline required
reserve months. |
xxxxxx #1188 - xxxxxx |
Updated Statements provided.
Condition resolved. - xxxxxx Audited Reserves of month(s) are greater than or equal to Guideline Required Reserves of month(s) - xxxxxx xxxxxx #1188 - xxxxxx |
xxxxxx 20:46 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000105873 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Borrower 1 W2/1099 Less Than 24 Months Provided | Borrower 1 W2/1099 less than 24 months provided. Lender to
provide the W -2 for 2023 for xxxxxx for borrower 1 |
2023 W2 - xxxxxx |
2023 W2 provided.
Condition resolved. - xxxxxx Borrower 1 W2/1099 Less Than 24 or More Months Provided Condition Resolved - xxxxxx 2023 W2 - xxxxxx |
xxxxxx 17:04 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000105873 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 16:30 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000105873 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 16:30 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000105873 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Borrower 2 Executed 4506-T Missing | Borrower 2 Executed 4506-T missing from the file. |
4505C - xxxxxx |
4506 for B2 was provided.
Condition resolved. - xxxxxx Borrower 2 Executed 4506-T Provided or Not Applicable (Number of Borrowers equals 2) - xxxxxx 4505C - xxxxxx |
xxxxxx 17:04 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000105930 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 19:02 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000105930 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable appraisal guidelines. |
xxxxxx 19:02 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000105930 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 17:47 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000106022 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 6 | xx/xx/xxxx | Compliance | Closing Detail Statement Indicator is Missing | The Closing Detail Statement Indicator is missing. |
Final settlement statement - xxxxxx |
Final Settlement Statement provided. Condition resolved. - xxxxxx The Closing Detail Statement Indicator is not missing. - xxxxxx Final settlement statement - xxxxxx |
xxxxxx 15:23 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000106022 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 6 | xx/xx/xxxx | Credit | Cash reserves less than required by guidelines | Total Cash reserves of '$xxxxxx' are less than $xxxxxx. Missing
final HUD-1; therefore, audit is unable to verify the 3 months PITIA reserve
requirement was met. |
Settlement Statement received, Borrower received $xxxxxx at
closing. Condition resolved. -
xxxxxx Total Cash reserves are greater than $xxxxxx. - xxxxxx |
xxxxxx 15:25 | Resolved | 3 | 1 | 4 | 1 | |||
| 4000106022 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 6 | xx/xx/xxxx | Property | Missing Doc - Second Appraisal Missing | The loan file did not contain the subject second appraisal as
required. The loan file contains the original appraisal dated xxxxxx with an
appraised value of $xxxxxx which exceeded 120 days from the Note date. The loan file contains the required
Appraisal Update dated xxxxxx which verifies the value has declined. The appraiser researched the market from
the effective date of original date on inspection to effective recertification
date and found approximately 6 closed sales ranging from $xxxxxx to
$xxxxxxwith 1 current listing at $xxxxxx However, the lender did not
xxxxxxtain a new appraisal. |
recert of value - xxxxxx |
Original appraisals are valid for one hundred twenty (120) days
from the note date. Any appraisal dated greater than one hundred twenty (120)
days will require a recertification of value completed by the original
licensed appraiser and is good for an additional one hundred twenty (120)
days. - xxxxxx recert of value - xxxxxx |
xxxxxx 19:54 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000106022 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 6 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 01:07 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000106022 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 6 | xx/xx/xxxx | Credit | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Audited reserves months are less than the guideline required
reserve months. |
Settlement Statement received, Borrower received $xxxxxx at
closing. Condition resolved. -
xxxxxx Audited Reserves of month(s) are greater than or equal to Guideline Required Reserves of month(s) - xxxxxx |
xxxxxx 15:25 | Resolved | 3 | 1 | 4 | 1 | |||
| 4000106022 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 6 of 6 | xx/xx/xxxx | Property | Appraisal is Missing | The file is missing the appraisal. Missing secondary
valuation Condition upheld. File is missing the 3rd party valuation
product. |
RDA - xxxxxx RECERT OF VALUE - xxxxxx |
CDA supporting value provided.
Condition resolved. - xxxxxx Appraisal is Present or is Waived - xxxxxx RDA - xxxxxx RECERT OF VALUE - xxxxxx |
xxxxxx 17:35 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000106157 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Subject Property Address on Note does not match Insured Property Address | Subject property on Note does not match insured property
address. The subject property address on the Note (xxxxxx) is inconsistent
with the Appraisal, Title, and County Records (xxxxxx). This clerical error
misidentifies the security for the loan. |
please see docs attached to other condition - xxxxxx |
Fully executed Scrivener’s Affidavit was provided. Condition
resolved. - xxxxxx please see docs attached to other condition - xxxxxx |
xxxxxx 20:57 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000106157 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx |
xxxxxx 00:23 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000106157 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | Final CD: Property address is missing or inaccurate | The Final Closing Disclosure contains a typographical error in
the subject property address ("xxxxxx" instead of
"xxxxxx"), creating a data integrity conflict with the Title
Commitment. |
see attached update CD -
xxxxxx |
Updated CD provided, condition resolved. - xxxxxx see attached update CD - xxxxxx |
xxxxxx 17:04 | Resolved | 1 | 1 | 4 | 1 | ||
| 4000106157 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Other Credit Finding | The subject property address on the Note and Deed of Trust
(xxxxxx) is inconsistent with the Appraisal, Title, and County Records
(xxxxxx). This clerical error misidentifies the security for the loan. Provide an executed Note Allonge and
evidence of a recorded Scrivener’s Affidavit (or Corrective Deed of Trust) to
reconcile the address discrepancy. |
please see attached -
xxxxxx |
Fully executed Scrivener’s Affidavit was provided. Condition resolved. - xxxxxx please see attached - xxxxxx |
xxxxxx 20:51 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000106333 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 19:10 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000106333 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable appraisal guidelines. |
xxxxxx 19:10 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000106333 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 20:43 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000106401 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Borrower 1 3rd Party VOE Prior to Close Missing | Borrower 1 3rd party VOE prior to close missing. Need VOE for
borrower |
xxxxxx VVOE - xxxxxx |
Borrower 1 3rd Party VOE prior to close was provided. -
xxxxxx VVOE provided. Condition resolved. - xxxxxx xxxxxx VVOE - xxxxxx |
xxxxxx 15:13 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000106401 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 21:59 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000106401 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 19:53 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000106484 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 20:14 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000106484 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 20:15 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000106484 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | Missing Lease Agreement | Lender to provide the current fully executed lease agreements
for the subject property. UW conditioned for the lease agreements before
could be drawn per the loan approval datedxxxxxx |
Lease Agreement included in closed loan package refer to pgs 498
- 538 - xxxxxx |
Lease Agreements matching the Operating Income Statement with
Appraisal were located in the loan file.
- xxxxxx Lease Agreement included in closed loan package refer to pgs 498 - 538 - xxxxxx |
xxxxxx 18:00 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000106484 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Property | Appraisal - Comparable property has gross adjustments exceeding 25%/Unacceptable | The appraiser used one or more comparable properties with gross
adjustments over 25%, exceeding typical guidelines, which was considered
unacceptable and effected the final value. Per the loan approval
datedxxxxxxhe UW requested the appraiser provide additional comps since comps
2 & 3 have gross adjustments over 35%.
|
Revised Appraisal - xxxxxx |
Revised Appraisal provided. Condition resolved. - xxxxxx Revised Appraisal - xxxxxx |
xxxxxx 22:25 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000106523 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Compliance | Closing Detail Statement Indicator is Missing | The Closing Detail Statement Indicator is missing Provide the
final Closure Disclosure for Borrower. Loan file only contains Seller's
Statement. |
FINAL SS - xxxxxx |
Final Settlement Statement provided. Condition resolved. - xxxxxx The Closing Detail Statement Indicator is not missing. - xxxxxx FINAL SS - xxxxxx |
xxxxxx 19:39 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000106523 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 20:13 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000106523 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 20:13 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000106523 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 20:14 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000106629 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | HO6 Insurance Policy Effective Date is after the Note Date | HO-6 insurance policy effective date is after the Note date. The
subject closed on xxxxxx; however, the HOI policy is effective on
xxxxxx. |
Lender Cert - xxxxxx |
Note Date is xxxxxx.
Disbursement Date is xxxxxx, and HO-6 Effective Date is xxxxxx. Condition resolved. - xxxxxx Lender Cert - xxxxxx |
xxxxxx 20:02 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000106629 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 22:39 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000106629 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not contain sufficient documentation to verify
debts associated with all other properties. The loan file is missing the rent
schedule for the subject property of $xxxxxx, and xxxxxx is missing the tax
cert and xxxxxx is missing the mortgage statement and the tax
certificate. |
REO Documentation - xxxxxx |
All REO documents were provided.
Condition resolved. - xxxxxx REO Documentation - xxxxxx |
xxxxxx 18:14 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000106629 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Missing Business Purpose Affidavit | File is missing statement of business purpose. Business
Purpose/Occupancy Affidavit is missing. Document Uploaded. Condition
upheld. Provide the executed copy of
the attached Business Purpose Affidavit.
Condition upheld. xxxxxx requires the attached form |
Business purpose - xxxxxx Please advise what is missing or incorrect about the document uploaded - xxxxxx Occupancy Affidavit - xxxxxx |
Business Purpose Affidavit provided. Condition resolved. - xxxxxx Business purpose - xxxxxx Please advise what is missing or incorrect about the document uploaded - xxxxxx Occupancy Affidavit - xxxxxx |
xxxxxx 14:17 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000106827 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Audited DTI Exceeds Guideline DTI | Audited DTI exceeds guideline DTI. Audited DTI is over 45% due
to conflicting loan programs in the file. UW approval states it's an Expanded
Prime Plus program which the DTI can be up to 50%. Lock confirmation is under
the Sharp A- program with a max DTI of 45%. if it is Sharp A- , a lender
exception for the DTI will need to be provided or use of additional income
that was not used in the initial UW of the loan which will help getting the
DTI under 45%. Subject property is being purchased as an investment
property. |
Please clarify we show loan was locked and approved as Expanded
prime plus which allows for higher DTI
- xxxxxx |
Condition voided. Wrong
lock was used. - xxxxxx Audited DTI of 47.93% is less than or equal to Guideline DTI of 50% - xxxxxx Please clarify we show loan was locked and approved as Expanded prime plus which allows for higher DTI - xxxxxx |
xxxxxx 19:39 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000106827 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 16:30 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000106827 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 23:43 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000106856 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 18:45 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000106856 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable appraisal guidelines. |
xxxxxx 18:46 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000106856 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 18:46 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000106886 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 21:32 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000106886 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 21:32 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000106886 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 21:33 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000106893 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Flood Certificate Missing | Missing flood certificate. |
Flood Cert - xxxxxx |
Flood Cert provided.
Condition resolved. - xxxxxx Flood Certificate is fully present - xxxxxx Flood Cert - xxxxxx |
xxxxxx 19:08 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000106893 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 00:02 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000106893 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 16:43 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000106934 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Borrower 1 Executed 4506-T Missing | Borrower 1 Executed 4506-T missing from the file. Lender to
provide the fully executed 4506 T for the borrower |
4506C - xxxxxx |
4506 provided. Condition
resolved - xxxxxx Borrower 1 Executed 4506-T Provided - xxxxxx 4506C - xxxxxx |
xxxxxx 22:05 | Resolved | 3 | 1 | 4 | 2 | ||
| 4000106934 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 5 | xx/xx/xxxx | Credit | Borrower 1 Credit Report is Missing | Borrower 1 credit report is missing. Lender to provide the
initial credit report pulled on xxxxxx |
Credit report - xxxxxx |
Credit Report provided.
Condition resolved. - xxxxxx Borrower 1 Credit Report is not missing. - xxxxxx Credit report - xxxxxx |
xxxxxx 22:09 | Resolved | 4 | 1 | 4 | 2 | ||
| 4000106934 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 5 | xx/xx/xxxx | Credit | Hazard Insurance Coverage Amount is less than Required Coverage Amount | Coverage Amount - Hazard insurance amount is less than required
coverage amount. |
RCE was provided -
xxxxxx |
Condition set in error. RCE was in file and HOI Policy has
sufficient coverage with Replacement Cost.
- xxxxxx Coverage Amount - Hazard Insurance of $xxxxxx is equal to or greater than Required Coverage Amount of $xxxxxx - xxxxxx RCE was provided - xxxxxx |
xxxxxx 22:21 | Resolved | 3 | 1 | 4 | 2 | ||
| 4000106934 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 14:46 | Cleared | 1 | 1 | 4 | 2 | ||||
| 4000106934 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 5 | xx/xx/xxxx | Compliance | New York - Subprime Home Loan (First Lien)(02/10) | This is a New York "subprime home loan." The loan's
current APR (8.28%) exceeds the New York Subprime Home Loan threshold of
(7.9%) by (0.38). The threshold is determined by adding 1.75 points to the
comparable Freddie Mac PMMS rate. (NY Bank 6-m(1)(c)) . |
This is Subprime loan. What is being asked? - xxxxxx |
Acknowledged condition. -
xxxxxx NY Subprime Loan compliant. - xxxxxx Loan identified as subprime in the loan file and Mortgage. - xxxxxx This is Subprime loan. What is being asked? - xxxxxx |
xxxxxx 15:08 | Acknowledged | 3 | 2 | 4 | 2 | ||
| 4000106956 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 15:47 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000106956 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable appraisal guidelines. |
xxxxxx 15:47 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000106956 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx |
xxxxxx 20:15 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000107016 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 04:45 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000107016 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 04:46 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000107016 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Missing Doc - Second Appraisal Missing | The loan file did not contain the subject second appraisal as
required. |
We do not required 2nd appraisal for this loan. UCDP shows score
is 1.9 - xxxxxx |
CU with a score of 1.9 was provided. Condition resolved. -
xxxxxx We do not required 2nd appraisal for this loan. UCDP shows score is 1.9 - xxxxxx |
xxxxxx 20:50 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000107019 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 22:26 | Cleared | 1 | 1 | 3 | 2 | ||||
| 4000107019 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not contain the required 3rd party valuation
product. |
FN UCDP shows score 1.6 - xxxxxx |
CDA supporting value was provided. Condition resolved. - xxxxxx FN UCDP shows score 1.6 - xxxxxx |
xxxxxx 20:01 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000107019 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Hazard Insurance - Other Insurance Incomplete | The policy verifying other property insurance is not complete.
Loss of use Coverage D is insufficient
|
Document Uploaded. OK waiving is this is for a non subject
property - xxxxxx |
xxxxxx 17:00 | Waived | 3 | 2 | 3 | 2 | |||
| 4000107122 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 2 | xx/xx/xxxx | Credit | Audited DTI Exceeds Guideline DTI | Audited DTI exceeds guideline DTI. The loan was submitted with
the borrower using a type of bridge loan with no monthly payment to avoid
using their primary residence payment to qualify for the loan. This loan
product requires that all outstanding loans payments to be included in the
total DTI. There was no loan payment on the note for the new loan with xxxxxx
so a loan payment was calculated with a term of 30 years and using the same
interest rate as the note which was 9.75%. With a loan amount of $xxxxxx the
payment is $xxxxxx and included the payment for the first mortgage of
$xxxxxx. This caused the original DTI of 40.47% to go to 71% which does not
meet the guidelines. |
Departure property appraised value $xxxxxx based on exterior
appraisal provided, per xxxxxx Guidelines we do not have to hit the borrower
with the payment on the departure residence if the borrower states they will
list the subject within 90 days of closing and there is at least 20% equity
in the property, current loan balance is $xxxxxx with a bridge loan of max
$xxxxxx total loans $xxxxxx LTV 79.99% - xxxxxx |
Per Guidelines, Departing residence payment (1st & 2nd
liens) were excluded from DTI based on Borrower has 20% equity in the
property and 12 months reserves. -
xxxxxx Audited DTI of 49.55% is less than or equal to Guideline DTI of 55% - xxxxxx Departure property appraised value $xxxxxx based on exterior appraisal provided, per xxxxxx Guidelines we do not have to hit the borrower with the payment on the departure residence if the borrower states they will list the subject within 90 days of closing and there is at least 20% equity in the property, current loan balance is $xxxxxx with a bridge loan of max $xxxxxx total loans $xxxxxx LTV 79.99% - xxxxxx |
xxxxxx 16:14 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000107122 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 2 | xx/xx/xxxx | Compliance | Insufficient Change of Circumstance (50001252) | 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: Appraisal 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)). Need
evidence of change of circumstance letter or a copy of a refundable check in
the amount of $xxxxxx for 0% tolerance fees. A 2nd Appraisal fee was added to the LE dated xxxxxx. COC in file (page 341) dated xxxxxx does not indicate the reason the 2nd appraisal was needed. |
COC LE - xxxxxx |
Received acceptable CIC for the additional fee - xxxxxx - xxxxxx COC LE - xxxxxx |
xxxxxx 16:01 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000107437 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain the Approval/Underwriting Summary. |
Final approval attached -
xxxxxx |
xxxxxx EXECUTIVE SUMMARY
was provided. Condition cleared. -
xxxxxx Approval/Underwriting Summary is fully present - xxxxxx Final approval attached - xxxxxx |
xxxxxx 00:05 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000107437 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate Lock. |
Document Uploaded. -
xxxxxx Please note that this loan is locked in xxxxxx. We do not submit rate lock confirmation as this loan is locked on xxxxxx - xxxxxx |
The seller provided the rate lock - xxxxxx Document Uploaded. - xxxxxx Please note that this loan is locked in xxxxxx. We do not submit rate lock confirmation as this loan is locked on xxxxxx - xxxxxx |
xxxxxx 14:36 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000107437 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 00:16 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000107437 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 02:52 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000107469 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 19:15 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000107469 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 19:16 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000107469 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 19:16 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000107573 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Business Purpose - Loan Guaranty/Missing | The Personal Loan Guaranty is missing. |
xxxxxx guides do not call for a separate guarantor agreement.
These guides have been reviewed and accepted by xxxxxx, Per xxxxxx guides,
all borrowers must sign the Deed of Trust/Mortgage as individuals and as
authorized signors of the LLC/Corp. The member(s) of the LLC also signs a
borrower(s) establishing the guarantor aspect of the borrower. To execute a
separate agreement would be redundant. Please escalate to xxxxxx for
review. - xxxxxx |
Condition set in error.
Borrower signed as himself and as a Member of the LLC. - xxxxxx The Personal Loan Guaranty is not missing. - xxxxxx xxxxxx guides do not call for a separate guarantor agreement. These guides have been reviewed and accepted by xxxxxx, Per xxxxxx guides, all borrowers must sign the Deed of Trust/Mortgage as individuals and as authorized signors of the LLC/Corp. The member(s) of the LLC also signs a borrower(s) establishing the guarantor aspect of the borrower. To execute a separate agreement would be redundant. Please escalate to xxxxxx for review. - xxxxxx |
xxxxxx 14:35 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000107573 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 01:46 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000107573 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 01:47 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000107692 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 16:40 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000107692 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable appraisal guidelines. |
xxxxxx 16:40 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000107692 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 16:40 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000107729 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 6 | xx/xx/xxxx | Credit | Borrower 1 Executed 4506-T Missing | Borrower 1 Executed 4506-T missing from the file. Final 4506
signed at closing |
per our UW: This is WVOE program & 4506-T is not required. - xxxxxx |
Not required on WVOE program.
Condition voided. - xxxxxx Borrower 1 Executed 4506-T Provided - xxxxxx per our UW: This is WVOE program & 4506-T is not required. - xxxxxx |
xxxxxx 17:00 | Void | 3 | 3 | 1 | |||
| 4000107729 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 6 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable appraisal guidelines. |
xxxxxx 20:10 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000107729 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 6 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 20:58 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000107729 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 6 | xx/xx/xxxx | Compliance | TX 50(a)(6) Notice of Extension of Credit / 12 Day Letter Missing | TX 50(a)(6) Notice of Extension of Credit / 12 Day Letter
Missing Notice Concerning Extensions of Credit has not been executed at least
12 days before closing |
attached - xxxxxx attached - xxxxxx |
Received 12 day letter for non-borrowing spouse - xxxxxx attached - xxxxxx Received 12 day letter received by borrower, however non-borrowing spouse is also required to receive this notice at least 12 days prior to closing. Provide evidence Na Wang received the notice - xxxxxx attached - xxxxxx |
xxxxxx 16:25 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000107729 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 6 | xx/xx/xxxx | Compliance | Other Compliance Finding | No evidence provided indicating Final CD was issued (1) business
day prior to closing |
initial cd - xxxxxx |
Initial CD was in the file, final CD not required to be issued 1
day prior to closing. - xxxxxx initial cd - xxxxxx |
xxxxxx 21:02 | Void | 3 | 3 | 1 | |||
| 4000107729 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 6 of 6 | xx/xx/xxxx | Credit | State Testing - Texas A6 Cash Out Fair Market Value | The TX Affidavit of Fair Market Value of Homestead Property is
missing and/or does not meet all required criteria. The Acknowledgement of
Fair Market Value located in the file was not executed by the lender |
ATTACHED - xxxxxx |
Received disclosure - xxxxxx ATTACHED - xxxxxx |
xxxxxx 13:42 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000107752 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 2 | xx/xx/xxxx | Credit | Property Title Issue | Property title issue. 1. Verify that all 2025-2026 property
taxes and existing first mortgage lien from xxxxxx were satisfied and
recorded as released. 2. Provide sufficient documentation (Letter of Administration/Court Order) proving xxxxxx legal authority to transfer title from the Estate of xxxxxx. 3. Confirm all standard exceptions were accepted or explicitly removed via specific endorsements/affidavits (e.g., boundary lines/survey matters). 4. Confirmation that a "gap search" was performed covering the period between the initial title search effective date and the final recording date to ensure no intervening liens were missed. Condition upheld. Provide evidence lien on Title was paid in full and subject mortgage is in 1st lien position. Final CD does not show a mortgage pay-off on Seller's side. |
Attached seller CD shows payoff to xxxxxx - xxxxxx 1. Attached 2. Requested 3. What can we provide for this? Title signed the closing instructions which state standard exceptions and endorsements. 4. Why is this needed? The loan closed well before the prelim would be considered expired. This isn't something we've been asking for on other xxxxxx loans. - xxxxxx |
Evidence paid in full was provided. Condition resolved. - xxxxxx Property Title Issue Resolved - xxxxxx Attached seller CD shows payoff to xxxxxx - xxxxxx 1. Attached 2. Requested 3. What can we provide for this? Title signed the closing instructions which state standard exceptions and endorsements. 4. Why is this needed? The loan closed well before the prelim would be considered expired. This isn't something we've been asking for on other xxxxxx loans. - xxxxxx |
xxxxxx 13:53 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000107752 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 2 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable appraisal guidelines. |
xxxxxx 06:38 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000107755 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Missing VOM or VOR | Verification of Rent (VOR)/Verification of Mortgage (VOM)
Document is Missing. Lender to provide a credit supplement or a VOM for the
subject property to verify no late payments in the last 24 months. |
Please see attached Credit Supp - xxxxxx |
Credit supplement provided.
Condition resolved. - xxxxxx Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - xxxxxx Please see attached Credit Supp - xxxxxx |
xxxxxx 23:41 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000107755 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 17:35 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000107755 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 17:35 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000107863 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 20:41 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000107863 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable appraisal guidelines. |
xxxxxx 20:41 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000107863 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 20:41 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000107930 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Borrower 1 Credit Report is Missing | Borrower 1 credit report is missing. Provide the full copy of
the Credit Report. |
Credit Report - xxxxxx |
Credit Report provided.
Condition resolved. - xxxxxx Borrower 1 Credit Report is not missing. - xxxxxx Credit Report - xxxxxx |
xxxxxx 20:38 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000107930 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 03:52 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000107930 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 17:50 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000107930 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Borrower 1 Gap Credit Report is Missing | Borrower 1 Gap Credit Report is Missing Condition upheld. Guidelines require it, and the DRIVE has
it. |
Dataverify - xxxxxx Why is a gap credit report needed? - xxxxxx |
Undisclosed Monitoring on Fraud report datedxxxxxx. Condition
resolved. - xxxxxx Borrower 1 Gap Credit Report is not missing. - xxxxxx Dataverify - xxxxxx Why is a gap credit report needed? - xxxxxx |
xxxxxx 20:39 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000107979 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 23:16 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000107979 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 23:16 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000107979 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | AUS (Manual) - Missing | A Manual Underwrite was required, but not in evidence in the
file. Lender to provide most recent DU xxxxxx with Approve / Eligible results
|
AUS - xxxxxx |
AUS provided. Condition
resolved - xxxxxx AUS - xxxxxx |
xxxxxx 14:12 | Resolved | 2 | 1 | 3 | 1 | ||
| 4000107979 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Property | Appraisal - Miscellaneous | The subject appraisal reflected issues. There is inconsistent
information between the appraisals. Lender to explain why there are two
appraisals in file, from the same appraiser with different values and why
they are using the appraisal with the higher value? |
Document Uploaded. -
xxxxxx LOE - xxxxxx As per our underwriter Per the revised appraisal report, the appraised value has been updated to $xxxxxx, as the enclosed patio is permitted. - xxxxxx |
Lender explanation on value variance is acceptable, condition
resolved. - xxxxxx Document Uploaded. - xxxxxx LOE - xxxxxx Please provide modified appraisal for review. - xxxxxx As per our underwriter Per the revised appraisal report, the appraised value has been updated to $xxxxxx, as the enclosed patio is permitted. - xxxxxx |
xxxxxx 16:20 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000108077 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Business Purpose - Loan Guaranty/Missing | The Personal Loan Guaranty is missing. Provide the Personal Loan
Guaranty. |
Personal Loan Guaranty - xxxxxx |
Personal Loan Guaranty was provided. Condition resolved. - xxxxxx The Personal Loan Guaranty is not missing. - xxxxxx Personal Loan Guaranty - xxxxxx |
xxxxxx 21:08 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000108077 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 04:24 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000108077 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Appraisal is Missing | The file is missing the appraisal. |
Appraisal - xxxxxx |
Complete Appraisal provided. - xxxxxx Appraisal is Present or is Waived - xxxxxx Appraisal - xxxxxx |
xxxxxx 18:44 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000108264 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx |
xxxxxx 00:00 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000108264 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 00:01 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000108264 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
The loan meets all applicable credit guidelines. - xxxxxx |
xxxxxx 00:00 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000108324 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Borrower 1 Executed 4506-T Missing | Borrower 1 Executed 4506-T missing from the file. Lender to
provide the fully executed 4506-T for both borrowers. |
transaction was qualified under P&L program, which does not
require 4506-C's. - xxxxxx |
B1 is not employed. - xxxxxx Borrower 1 Executed 4506-T Provided - xxxxxx transaction was qualified under P&L program, which does not require 4506-C's. - xxxxxx |
xxxxxx 20:33 | Void | 3 | 3 | 1 | |||
| 4000108324 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Borrower 2 Executed 4506-T Missing | Borrower 2 Executed 4506-T missing from the file. Lender to
provide the fully executed 4506-T for both borrowers. |
transaction was qualified under P&L program, which does not
require 4506-C's. - xxxxxx |
Not required on a P&L Program - xxxxxx Borrower 2 Executed 4506-T Provided or Not Applicable (Number of Borrowers equals 2) - xxxxxx transaction was qualified under P&L program, which does not require 4506-C's. - xxxxxx |
xxxxxx 20:34 | Void | 3 | 3 | 1 | |||
| 4000108324 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 16:21 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000108324 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 16:22 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000108348 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Borrower 1 Lease Agreements Missing | Borrower 1 Lease Agreements missing from the file. Duplicate |
We are only using rental income forxxxxxx and xxxxxx so we used
tax returns for those calculations as it was rented for more than 365
days. - xxxxxx |
Borrower 1 Lease Agreements Provided - xxxxxx There is no lease. Full PITIA in DTI. - xxxxxx We are only using rental income forxxxxxx and xxxxxx so we used tax returns for those calculations as it was rented for more than 365 days. - xxxxxx |
xxxxxx 17:10 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000108348 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 5 | xx/xx/xxxx | Credit | Borrower 2 Lease Agreements Missing | Borrower 2 Lease Agreements missing. Lender to provide fully
executed current lease agreements for all investment properties for both
borrowers per the final 1003 - Undislosed property and mortgage are verified
through the credit report and fraud report - xxxxxx owned sincexxxxxx
Condition upheld. Provide the MLS for
the cited property to confirm PITIA.
|
Attached - xxxxxx We are not using rental income for xxxxxx and are hitting them with the entire payment so shouldn’t need a lease agreement. - xxxxxx |
Borrower 2 Lease Agreements Provided or Not Applicable (Number
of Borrowers equals 2) - xxxxxx There is no lease. Full PITIA in DTI. - xxxxxx Borrower 2 Lease Agreements Provided or Not Applicable (Number of Borrowers equals 2) - xxxxxx Attached - xxxxxx Condition upheld. Provide the MLS for the cited property to confirm PITIA. - xxxxxx We are not using rental income for xxxxxx and are hitting them with the entire payment so shouldn’t need a lease agreement. - xxxxxx |
xxxxxx 17:10 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000108348 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 18:19 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000108348 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 5 | xx/xx/xxxx | Credit | Credit Documentation - Undisclosed Liabilities | An undisclosed liability was found on the updated credit report
that was not located on the original credit report. Credit report dated
xxxxxx shows an undisclosed mortgage (xxxxxx balance $xxxxxx) belonging to
the co-borrower that was not disclosed on the 1003. Fraud Report also shows that the
co-borrower has owned this property since 2010. Lender to verify occupancy of
said property and verify if rental income is being collected. The PITIA will
need to be calculated into the DTI as well.
Condition upheld. Provide the
MLS for the cited property to confirm
PITIA. |
The xxxxxx mortgage is on the credit report and on the 1003.
It’s the mortgage that’s attached toxxxxxx.
- xxxxxx Can you please confirm what is needed to clear this condition? - xxxxxx |
MLS provided. - xxxxxx The xxxxxx mortgage is on the credit report and on the 1003. It’s the mortgage that’s attached to xxxxxx. - xxxxxx Condition upheld. Provide the MLS for the cited property to confirm PITIA. - xxxxxx Can you please confirm what is needed to clear this condition? - xxxxxx |
xxxxxx 15:38 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000108348 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 5 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 17:46 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000108587 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 20:51 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000108587 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 20:51 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000108587 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 20:51 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000108766 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 00:25 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000108766 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 00:25 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000108766 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 00:26 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000108805 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 00:16 | Cleared | 1 | 1 | 3 | 2 | ||||
| 4000108805 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Corporation/LLC: EIN Doc is Missing | The loan file does not contain the Coporation/LLC: EIN
documentation. Please provide proof of the EIN for xxxxxx |
ein - xxxxxx ein - xxxxxx |
Corporation/LLC: EIN documentation provided. Condition resolved.
- xxxxxx ein - xxxxxx Condition upheld. Provide evidence of the EIN from the IRS. - xxxxxx ein - xxxxxx |
xxxxxx 16:34 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000108805 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | Income - Rental Property | Rental income is not properly documented and/or supported. The
loan was approved using the higher amount reflected on the new lease
($xxxxxx) instead of the market rent of $xxxxxx. Per guidelines, if the
executed lease agreement reflects a higher monthly rent than the Appraisal,
it may be used in the calculation with sufficient evidence of receipt. Three
(3) most recent, consecutive months should be provided. The new lease was
provided, but the three (3) most recent, consecutive months rent has not. An email
referencing a formal exception is located in the loan file, but the formal
exception is missing. |
exception - xxxxxx |
Approved Exception provided for:
To use 120% of rent schedule on recently executed lease agreement with
proof of deposit and 1st months rent.
- xxxxxx exception - xxxxxx |
0 X 30 24 month housing history 750 FICO 6 months reserves. |
xxxxxx 17:01 | Waived | 3 | 2 | 3 | 2 | |
| 4000108805 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 00:28 | Cleared | 1 | 1 | 3 | 2 | ||||
| 4000108835 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Loan Purpose is Purchase but Purchase Contract Doc is Missing | Loan purpose is purchase and valuation type of purchase contract
has not been selected. Provide the Purchase Contract. |
Purchase contract attached - xxxxxx |
Contract provided.
Condition resolved. - xxxxxx Purchase Contract Doc is not Missing, or is Not Applicable. - xxxxxx Purchase contract attached - xxxxxx |
xxxxxx 14:42 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000108835 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 15:21 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000108835 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 16:05 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000108836 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | TRID: Missing Final Closing Disclosure | The loan file does not contain the Final Closing Disclosure. The
Final Closing Disclosure or Final Settlement statement is missing from the
loan file. |
ESCROW SETTLEMENT STATEMENT - xxxxxx |
Received final Settlement Statement - xxxxxx ESCROW SETTLEMENT STATEMENT - xxxxxx |
xxxxxx 13:28 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000108836 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 00:11 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000108836 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 00:11 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000108841 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Final Settlement Statement Missing. | The final Settlement Statement document is missing. Please
provide a fully executed HUD-1 or Final ALTA Settlement Statement reflecting
the final loan amount, payoff of any existing liens, and a detailed
itemization of all borrower debits and credits. The transaction must meet
rate-and-term eligibility requirements, and any cash to the borrower must not
exceed the allowable incidental funds in accordance with program guidelines.
|
FINAL SS - xxxxxx |
Final HUD-1 Document is not missing or estimated only. -
xxxxxx Final HUD-1 provided. Condition resolved. - xxxxxx FINAL SS - xxxxxx |
xxxxxx 16:01 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000108841 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 23:55 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000108841 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 23:55 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000108843 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | Closing Detail Statement Indicator is Missing | The Closing Detail Statement Indicator is missing |
ESCROW SETTLEMENT STATEMENT - xxxxxx |
The Closing Detail Statement Indicator is not missing. -
xxxxxx ESCROW SETTLEMENT STATEMENT - xxxxxx |
xxxxxx 15:11 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000108843 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 00:22 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000108843 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 00:22 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000108891 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 6 | xx/xx/xxxx | Credit | Title Document Missing | Title document is missing. Title document could not be found in
the loan documents. |
title commitment - xxxxxx |
Title document is fully present - xxxxxx Title commitment was provided. Condition resolved. - xxxxxx title commitment - xxxxxx |
xxxxxx 23:17 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000108891 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 6 | xx/xx/xxxx | Credit | Asset 5 Missing | Asset documentation is missing from the file. The xxxxxx
statements for the savings account could not be found in the loan documents.
The balance per the application for this account is $xxxxxx. If the xxxxxx
savings account balance is verified, there is a shortage of $xxxxxx, which
still needs to be verified. It appears that some of the retirement accounts
will be used to cover the closing costs. Per guidelines, the FNMA
requirements are used for liquidation. If the combined value of the
retirement asset is at least 20% greater than the closing costs, no
liquidation documentation is required. It appears that the retirement
accounts do not fall within this guideline. Liquidation of some of the funds
to cover the closing costs will need to be provided along with the statements
for the xxxxxx savings account. |
Proceeds from HELOC. 1008 & 1003 - xxxxxx |
Asset 5 Provided Or Not Applicable - xxxxxx Proceeds from HELOC. 1008 & 1003 - xxxxxx |
xxxxxx 16:23 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000108891 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 6 | xx/xx/xxxx | Credit | Cash reserves less than required by guidelines | Total Cash reserves of '$xxxxxx' are less than $xxxxxx. |
New HELOC proceeds were provided. Condition resolved. - xxxxxx 1008&1003 Heloc proceeds - xxxxxx |
New HELOC proceeds were provided. Condition resolved. - xxxxxx Total Cash reserves are greater than $xxxxxx. - xxxxxx 1008&1003 Heloc proceeds - xxxxxx |
xxxxxx 16:23 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000108891 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 6 | xx/xx/xxxx | Credit | Audited DTI Exceeds Guideline DTI | Audited DTI exceeds guideline DTI. The property at xxxxxx was
shown as will be sold, however, there was a new loan against the property to
assist with closing costs. This made two loans for the property.
Documentation could not be found to support that the property was sold. It
appears that the two loan payments were not included in the DTI. Additional
income or verification of the sale of the property would need to be provided
to lower the DTI to support guideline requirements. Audited DTI 61.33% exceeds guideline DTI
55%. Condition upheld. HUD in file to
show a new loan against xxxxxx for $xxxxxx. This property was listed to be
sold. Please explain as this debt was
not included in DTI. After Investor review Condition Stands. Borrower took
out a second lien HELOC on the departing residence to purchase the subject
property prior to closing. Audited DTI 61.33% exceeds guideline DTI 55%. |
Departing residence guideline - xxxxxx appraisal 23 xxxxxx, LOI - xxxxxx |
Per Guidelines, Departing residence was excluded from DTI. Borrower has 31% equity in property, and 12
months reserves were verified. -
xxxxxx Audited DTI of 38.98% is less than or equal to Guideline DTI of 55% - xxxxxx Departing residence guideline - xxxxxx appraisal xxxxxx, LOI - xxxxxx |
xxxxxx 16:29 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000108891 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 6 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud report. A third party fraud report
could not be found in the loan documents. |
fraud report - xxxxxx |
Fraud report was provided. Condition resolved. - xxxxxx fraud report - xxxxxx |
xxxxxx 23:15 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000108891 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 6 of 6 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 14:02 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000108987 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Loan Purpose is Purchase but Purchase Contract Doc is Missing | Loan purpose is purchase and valuation type of purchase contract
has not been selected. Loan Purpose is Purchase but Purchase Contract Doc is
Missing |
P and S - xxxxxx |
Contract provided. -
xxxxxx Purchase Contract Doc is not Missing, or is Not Applicable. - xxxxxx P and S - xxxxxx |
xxxxxx 20:18 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000108987 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 15:15 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000108987 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Subject property appraisal is not on an as-is basis (Primary Value) | Primary value subject property appraisal is not on an as-is
basis. |
Completion report - xxxxxx |
Completion Report provided.
Condition resolved. - xxxxxx Primary Value Subject Property Appraisal is completed on an As-Is Basis or Not Applicable - xxxxxx Completion report - xxxxxx |
xxxxxx 20:17 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000108987 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 22:53 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000109054 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 23:35 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000109054 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 23:35 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000109054 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Missing Doc - Second Appraisal Missing | The loan file did not contain the subject second appraisal as
required. Missing secondary valuation product to support origination
value. |
Please see attached for CU score re-review and clear loan for
purchase. Thank you - xxxxxx CU Score is 1, please see attached for condition review. Thank you - xxxxxx |
Secondary valuation provided. Condition resolved. - xxxxxx Please see attached for CU score re-review and clear loan for purchase. Thank you - xxxxxx Condition upheld. Could not locate CU in file. Provide CU with risk score 1. - xxxxxx CU Score is 1, please see attached for condition review. Thank you - xxxxxx |
xxxxxx 18:22 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000109098 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 12:38 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000109098 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | Final CD: Closing Date is missing or inaccurate | Lender to provide fully executed final CD's for all the
investment properties the borrower is refinancing with the lender. Page 16 of
the AUS for the loan numbers associated with the new loans. |
FINAL cd FOR ALL THE INVESTMENT PROPERTIES - xxxxxx CLOSING DISCLOSURE - xxxxxx |
All Final CD's were provided.
Condition resolved. - xxxxxx FINAL cd FOR ALL THE INVESTMENT PROPERTIES - xxxxxx Condition upheld. Provide the fully executed Final CD. - xxxxxx CLOSING DISCLOSURE - xxxxxx |
xxxxxx 15:45 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000109098 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 23:50 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000109238 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 19:19 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109238 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 19:19 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109238 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 19:19 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109302 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 2 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 18:48 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109302 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 2 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 00:23 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109305 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Title Document Missing | Title document is missing. Provide required title documentation.
|
Attached for condition review, Thank you. - xxxxxx |
Title provided. Condition resolved. - xxxxxx Title document is fully present - xxxxxx Attached for condition review, Thank you. - xxxxxx |
xxxxxx 14:32 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000109305 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Evidence of Property Tax Missing | Missing evidence of property tax. Provide tax certificate. |
The property tax is not available. This is a new
conversion. The tax information was
provided by the attorney. Please
re-review and clear loan for purchase. Thank you. - xxxxxx |
Tax Cert provided.
Condition resolved. - xxxxxx Evidence of property tax is present - xxxxxx The property tax is not available. This is a new conversion. The tax information was provided by the attorney. Please re-review and clear loan for purchase. Thank you. - xxxxxx |
xxxxxx 14:33 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000109305 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 04:20 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000109305 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 04:20 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000109310 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 22:52 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000109310 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate Lock. Please provide the xxxxxx rate
lock agreement |
lock - xxxxxx LOCK IN AGREEMENT - xxxxxx |
Investor lock provided.
Condition resolved. - xxxxxx Evidence of Rate Lock Provided - xxxxxx lock - xxxxxx Condition upheld. Provided Investor lock between FCM and xxxxxx. - xxxxxx LOCK IN AGREEMENT - xxxxxx |
xxxxxx 13:10 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000109310 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
The loan meets all applicable credit guidelines. - xxxxxx |
xxxxxx 22:51 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000109312 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 16:05 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109312 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 16:05 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109312 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 16:06 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109335 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | The Note is Missing | The Note is missing. Lender to provide the fully executed note
datedxxxxxx. |
Note - xxxxxx |
The Note has been provided. - xxxxxx Note - xxxxxx |
xxxxxx 21:55 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000109335 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 13:32 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000109335 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 13:32 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000109410 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Purchase Contract - Addendum Missing | The Purchase Contract Addendum is missing. Missing addendum to
contract for seller credit reflected on Closing Disclosure in the amount
$xxxxxx. |
LOX - Seller credit - xxxxxx |
Seller credit was located in the Contract. Condition resolved. - xxxxxx LOX - Seller credit - xxxxxx |
xxxxxx 15:16 | Resolved | 2 | 1 | 3 | 1 | ||
| 4000109410 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Condo - Documentation | The loan file did not contain required condo documentation (ie.
Master HOI, Condo Questionnaire, Condo Budget, Project Review). Missing Condo
Questionnaire. |
Questionnaire, Declaration, Budget, Building permit - xxxxxx |
Condo Questionnaire, Declaration, Budget, and Building permit
were provided. Condition
resolved. - xxxxxx Questionnaire, Declaration, Budget, Building permit - xxxxxx |
xxxxxx 15:17 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000109410 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 23:48 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000109410 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 20:15 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000109416 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. invalid finding
|
xxxxxx 19:24 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000109416 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 19:24 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000109416 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 20:30 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000109427 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 01:47 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109427 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 01:47 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109427 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 01:47 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109429 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 16:48 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109429 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 16:48 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109429 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 16:48 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109453 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Fraud Report Shows Uncleared Alerts | Fraud Report shows uncleared alerts. The Drive Scoring Results
Data Integrity Risk Evaluation Report dated xxxxxx shows several uncleared
alerts on page 2 of the report. |
The final DataVerify Report was run after the loan closed and
was registered with MERS. Per xxxxxx
process we do not clear Low alerts when they don't affect loan
qualification. If the MERS section was
reviewed it would have been clear the alert was a false positive and a
passing score was xxxxxxtained without it being cleared. However, to expedite this review I have
updated the DataVerify report but going forward please note that xxxxxx does
not clear Low alerts if they don't affect the loan qualification. - xxxxxx
Final Fraud Report provided - xxxxxx |
Fraud report provided. Condition resolved. - xxxxxx The final DataVerify Report was run after the loan closed and was registered with MERS. Per xxxxxx process we do not clear Low alerts when they don't affect loan qualification. If the MERS section was reviewed it would have been clear the alert was a false positive and a passing score was xxxxxxtained without it being cleared. However, to expedite this review I have updated the DataVerify report but going forward please note that xxxxxx does not clear Low alerts if they don't affect the loan qualification. - xxxxxx Condition upheld. Fraud Report provided, was not cleared and or documented satisfactory. Undisclosed Properties and Derogatory Credit Events are outside of guidelines. - xxxxxx Final Fraud Report provided - xxxxxx |
xxxxxx 14:05 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000109453 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx |
xxxxxx 23:46 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000109453 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 23:47 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000109459 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 05:13 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109459 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 05:13 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109459 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 14:30 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109484 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Credit Documentation - Mortgage History | The loan file did not contain sufficient mortgage payment
history. The loan file is missing a 12-month mortgage payment history for the
borrower's primary residence located at xxxxxx verifying no late payments as
required per the lender's guidelines. The loan file contains the borrowers'
credit report dated xxxxxx verifying the mortgage with xxxxxx account ending
#xxxxxx with a monthly payment of $xxxxxx through xxxxxx. Proof of payment is
required for the xxxxxx and xxxxxx payments and verification the mortgage is
current at time of closing. |
the last 3 months of mortgage statements on the borrower's
primary residence attached. - xxxxxx |
Evidence of payment made provided. Condition resolved. - xxxxxx the last 3 months of mortgage statements on the borrower's primary residence attached. - xxxxxx |
xxxxxx 15:09 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000109484 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | Satisfactory Chain of Title not Provided | Unsatisfactory chain of title provided. The title commitment
effective xxxxxx does not contain the required 24-month chain of title. |
Chain of title for the subject property attached - xxxxxx |
SiteX Report for the subject property was provided. Condition resolved. - xxxxxx Satisfactory Chain of Title has been provided - xxxxxx Chain of title for the subject property attached - xxxxxx |
xxxxxx 20:23 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000109484 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. The loan file contains a xxxxxx CDA with
a Low Risk score and 0.00% variance to the $xxxxxx appraisal value which
meets the lender's guidelines. |
xxxxxx 01:47 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000109541 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 00:41 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109541 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 00:40 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109541 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 00:40 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109553 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 03:28 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109553 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 03:29 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109553 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 15:18 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109569 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Business Purpose - Loan Guaranty/Missing | The Personal Loan Guaranty is missing. |
The note on page 243-246 was signed by the borrower as an
individual and the sole member of xxxxxx.
Since the borrower signed as himself a personal guaranty is not
required. Please cancel - xxxxxx |
The Personal Loan Guaranty is not missing. - xxxxxx Borrower signed as an Individual and as a Member. Condition voided. - xxxxxx The note on page 243-246 was signed by the borrower as an individual and the sole member of xxxxxx. Since the borrower signed as himself a personal guaranty is not required. Please cancel - xxxxxx |
xxxxxx 15:42 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000109569 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 15:39 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000109569 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx |
xxxxxx 15:40 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000109589 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate Lock. Provide evidence of xxxxxx Rate Lock.
|
lock confirm - xxxxxx |
Investor lock provided.
- xxxxxx Evidence of Rate Lock Provided - xxxxxx lock confirm - xxxxxx |
xxxxxx 16:39 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000109589 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 03:55 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000109589 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 03:56 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000109612 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
The loan meets all applicable credit guidelines. - xxxxxx |
xxxxxx 02:01 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000109612 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx |
xxxxxx 02:02 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000109612 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 01:59 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000109614 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 22:06 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109614 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 22:06 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109614 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 22:06 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109644 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Borrower 1 Executed 4506-T Missing | Borrower 1 Executed 4506-T missing from the file. Lender to
provide the fully executed 4506-T for both borrowers. |
4506 - xxxxxx |
3 year 4506 provided.
Condition resolved. - xxxxxx Borrower 1 Executed 4506-T Provided - xxxxxx 4506 - xxxxxx |
xxxxxx 20:13 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000109644 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Borrower 2 Executed 4506-T Missing | Borrower 2 Executed 4506-T missing from the file. Lender to
provide the fully executed 4506-T for both borrowers. |
4506 - xxxxxx |
3 year 4506 provided.
Condition resolved. - xxxxxx Borrower 2 Executed 4506-T Provided or Not Applicable (Number of Borrowers equals 2) - xxxxxx 4506 - xxxxxx |
xxxxxx 20:12 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000109644 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 16:24 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000109644 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
No compliance testing was performed. - xxxxxx |
xxxxxx 16:26 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000109683 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 14:59 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000109683 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
The loan meets all applicable compliance guidelines. - xxxxxx |
xxxxxx 14:59 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000109683 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Corporation/LLC: Operating Agreement Doc is Missing | The loan file does not contain the Corporation/LLC: Operating
Agreement. Please provide documentation to show the ownership percentage the
borrower has in xxxxxx |
This loan is not vested in an LLC. Please review the prelim title commitment
on page 856 of the loan file. Line 4
states: "The Title is, at the
Commitment Date, vested in: xxxxxx and xxxxxx." Additionally the note on pages 613-616 were
signed by individuals and the Deed of Trust parties are xxxxxx and not an LLC
(see page 521). An operating agreement
is not requried and proof of the borrower's ownership percentage for the
business has been proven with the Articles of Organization on page 206 along
with the 2021 K-1 previously provided.
- xxxxxx The 2021 schedule K-1 for xxxxxx show xxxxxx as 100% owner of the corporation. - xxxxxx On page 204 is the business narrative that discloses the borrower is 100% owner of xxxxxx. On page 206 are the Articles of Organization showing xxxxxx as the only Incorporator making him the 100% owner of the business. Documents are already in your file please cancel. - xxxxxx |
Loan did not close in an LLC, no LLC funds are being used to
close, and K-1 in file shows ownership.
- xxxxxx This loan is not vested in an LLC. Please review the prelim title commitment on page 856 of the loan file. Line 4 states: "The Title is, at the Commitment Date, vested in: xxxxxx and xxxxxx." Additionally the note on pages 613-616 were signed by individuals and the Deed of Trust parties are xxxxxx and not an LLC (see page 521). An operating agreement is not requried and proof of the borrower's ownership percentage for the business has been proven with the Articles of Organization on page 206 along with the 2021 K-1 previously provided. - xxxxxx Condition upheld. The provided 2021 K-1 was not in the loan file and it is supported with the complete signed current Tax Return. Guidelines state the Operating Agreement is a required document for loan vesting in an LLC. - xxxxxx The 2021 schedule K-1 for xxxxxx show xxxxxx as 100% owner of the corporation. - xxxxxx Condition upheld. Provide Operating Agreement per Guidelines. - xxxxxx On page 204 is the business narrative that discloses the borrower is 100% owner of xxxxxx. On page 206 are the Articles of Organization showing xxxxxx as the only Incorporator making him the 100% owner of the business. Documents are already in your file please cancel. - xxxxxx |
xxxxxx 14:39 | Void | 3 | 3 | 1 | |||
| 4000109752 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 01:18 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109752 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 01:19 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109752 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 14:33 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109761 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines.
Borrower does not meet minimum required two open tradelines. A formal
investor exception approved located in the file |
Comp factors include strong fico 769, borrower has investor experience, DSCR score high over 1.5 and 0x12x48 months. | xxxxxx 01:43 | Waived | 2 | 2 | 2 | 2 | |||
| 4000109761 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 01:46 | Cleared | 1 | 1 | 2 | 2 | |||
| 4000109761 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx |
xxxxxx 01:45 | Cleared | 1 | 1 | 2 | 2 | |||
| 4000109761 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
The loan meets all applicable credit guidelines. - xxxxxx |
xxxxxx 01:44 | Cleared | 1 | 1 | 2 | 2 | |||
| 4000109763 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 16:41 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109763 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 16:41 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109763 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 16:43 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109806 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 20:31 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109806 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 20:31 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109806 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 20:32 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109897 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 01:50 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109897 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 01:51 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109897 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 01:51 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000109906 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 15:05 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000109906 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 15:06 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000109906 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Hazard Insurance - Other Insurance Incomplete | The policy verifying other property insurance is not complete.
Lender to provide Homeowner's Insurance Policy with Rent Loss coverage for
the subject property of no less than 6 months PITIA. Only page 5 of 11 was
provided. |
hoi - xxxxxx |
HOI with evidence of rent loss provided. Condition resolved. - xxxxxx hoi - xxxxxx |
xxxxxx 19:11 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000109919 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Eligibility - Investor Experience | The borrower(s) investor experience does not meet guideline
requirements. Borrower qualified as a First Time Investor. First Time Investors are allowed provided
that the DSCR is >1.0, the Credit score is >700 and there are no exceptions on the file. |
Can you please let me know what is needed to clear this
condition? - xxxxxx |
xxxxxx/xxxxxx Blanket exception to allow for First Time
Investors are provided that the DSCR is >1.0, and the Credit score is
>700 - xxxxxx xxxxxx/xxxxxx Blanket exception to allow for First Time Investors are provided that the DSCR is >1.0, and the Credit score is >700 - xxxxxx Can you please let me know what is needed to clear this condition? - xxxxxx xxxxxx/xxxxxx Blanket exception to allow for First Time Investors are provided that the DSCR is >1.0, and the Credit score is >700 - xxxxxx |
DSCR is >1.0 and Credit score >700. | xxxxxx 19:09 | Waived | 1 | 2 | 4 | 2 | |
| 4000109919 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx |
xxxxxx 19:28 | Cleared | 1 | 1 | 4 | 2 | |||
| 4000109919 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
The loan meets all applicable credit guidelines. - xxxxxx |
xxxxxx 19:28 | Cleared | 1 | 1 | 4 | 2 | |||
| 4000109919 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Property | Appraisal is Missing | The file is missing the appraisal. Please provide the third
party valuation product |
attached appraisal and SSR. Low SSR scores qualify as the
secondary valuation product. - xxxxxx |
LCA and CU were provided.
Condition resolved. - xxxxxx Appraisal is Present or is Waived - xxxxxx attached appraisal and SSR. Low SSR scores qualify as the secondary valuation product. - xxxxxx |
xxxxxx 19:01 | Resolved | 4 | 1 | 4 | 2 | ||
| 4000109942 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Housing History Does Not Meet Guideline Requirements | Housing history does not meet guideline requirements. The
borrower has lived at the current primary residence located at xxxxxx for 2
months (per the corresponding Final Closing Disclosure), and reports no
housing expense for the prior 2 years and 2 months for the former primary
residence address of xxxxxx (per the loan application dated xxxxxx This does not meet xxxxxx's requirement for a complete 12‑month primary housing payment history (per Section 6.4: Housing Payment History guidelines). If the prior residence was owned free and clear, the file should include a 12-month payment history for taxes, insurance, and HOA (if applicable) showing on‑time payments. |
See attached - xxxxxx |
MLS and all closing docs were provided. Condition resolved. - xxxxxx Housing history meets guideline requirements. - xxxxxx See attached - xxxxxx |
xxxxxx 17:13 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000109942 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx |
Compliance findings do exist. | xxxxxx 17:37 | Void | 1 | 3 | 1 | |||
| 4000109942 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 17:36 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000109942 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | Note Address Does Not Match Deed of Trust Address | Note address does not match Deed of Trust address. Lender to
provide corrected Note and Deed of Trust with correct address xxxxxx |
Please refer to page 3 of the DEED is the subject address and
matches the NOTE. - xxxxxx |
in error. Property
address is correct on both documents - xxxxxx Please refer to page 3 of the DEED is the subject address and matches the NOTE. - xxxxxx |
xxxxxx 15:17 | Void | 3 | 3 | 1 | |||
| 4000109998 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 2 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 16:31 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000109998 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 2 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate Lock. Lender to provide xxxxxxF lock
confirmation missing from the loan file |
seller rate lock - xxxxxx
RATE LOCK CONFIRMATION - xxxxxx ratelockconfirmation - xxxxxx |
Evidence of Rate Lock Provided - xxxxxx Investor lock confirmation provided. Condition resolved. - xxxxxx seller rate lock - xxxxxx CONDITION UPHELD. PROVIDE THE LOCK CONFIRMATION BETWEEN xxxxxx AND xxxxxx. - xxxxxx RATE LOCK CONFIRMATION - xxxxxx Condition upheld. Provide Investor Lock. - xxxxxx ratelockconfirmation - xxxxxx |
xxxxxx 19:08 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000110016 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Subordination Agreement is Missing | Missing Subordination Agreement. Lender to provide a
Subordination Agreement or a release of lien for the HELOC on title in the
amount of $ xxxxxx dated xxxxxxer the title commitment |
HELOC INFO - xxxxxx |
Set in error. PIF and Closed Letter was located file - xxxxxx Subordination Agreement is Present - xxxxxx Set in error. PIF and Closed Letter was located file. - xxxxxx Subordination Agreement is Present - xxxxxx HELOC INFO - xxxxxx |
xxxxxx 17:29 | Void | 3 | 3 | 1 | |||
| 4000110016 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 16:36 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000110016 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
The loan meets all applicable compliance guidelines. - xxxxxx |
xxxxxx 16:36 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000110042 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 02:02 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000110042 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | Credit Documentation - Letter of Explanation | The loan file did not contain a letter of explanation as
required. The appraisal shows Owner Occupied, but the subject transaction is
for a refinance of an investment property. Please provide and explanation
from the appraiser or the updated appraisal. |
APPRAISAL - xxxxxx APPRAISAL - xxxxxx |
Appraisal showing tenant occupied provided, condition
resolved. - xxxxxx APPRAISAL - xxxxxx Condition upheld. Same Appraisal was provided again that shows the subject is Owner Occupied. - xxxxxx APPRAISAL - xxxxxx |
xxxxxx 17:25 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000110042 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | Missing Doc - Escrow Waiver Missing | Escrow Waiver is missing. Please provide the signed escrow
waiver |
SIGNED ESCROW WAIVER. - xxxxxx |
Received waiver - xxxxxx SIGNED ESCROW WAIVER. - xxxxxx |
xxxxxx 14:47 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000110063 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx |
xxxxxx 23:13 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000110063 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
The loan meets all applicable credit guidelines. - xxxxxx |
xxxxxx 23:13 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000110063 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 23:14 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000110067 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Borrower 1 Executed 4506-T Missing | Borrower 1 Executed 4506-T missing from the file. Lender to
provide the fully executed 4506-T of r the borrower. |
This is a WVOE program, the 4506T should not be required. Is it
possible to waive this condition? - xxxxxx |
4506 not required on WVOE program - xxxxxx Borrower 1 Executed 4506-T Provided - xxxxxx This is a WVOE program, the 4506T should not be required. Is it possible to waive this condition? - xxxxxx |
xxxxxx 21:57 | Void | 3 | 3 | 1 | |||
| 4000110067 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 19:39 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000110067 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 12:15 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000110090 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 17:19 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000110090 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 16:10 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000110090 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Missing Lease Agreement | Per the appraisal, the subject property is on a mxxxxxxnth
lease. The lease agreement is missing from the loan file. |
Yes its $3600 total - xxxxxx Attached - xxxxxx |
Lease Agreements were provided. The house is $xxxxxx and the
detached ADU is $xxxxxx. Using the
lesser Market Rent of $xxxxxx.
Condition resolved. - xxxxxx Yes its $xxxxxx total - xxxxxx Condition upheld. 1007 in file states Month to Month rent is $xxxxxx, and Market Rent is $xxxxxx. Per 1008 the DSCR was calculated off Market rent of $xxxxxx. Lease provided states a month to month rental amount of $xxxxxx. Per Guidelines: Gross Income will be calculated using the lower of the A) executed lease agreement or B) market rent from applicable Appraisal. In this case it would be $xxxxxx. Is there a separate Lease Agreement for the ADU? If so, please provide. Using the $xxxxxx monthly rent, the DSCR is less than 1.00% - xxxxxx Attached - xxxxxx |
xxxxxx 17:01 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000110170 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Income - Social Security/Pension | Social security and/or pension benefits were considered as
effective income but sufficient supporting documentation was not found in the
file. Social Security and/or pension benefits were used as effective income.
However, the supporting documentation in xxxxxx’s file must be updated for
2025 to confirm the income remains current, valid, and in good standing. |
Please 11-19 current deposit of SSI income from xxxxxx -
xxxxxx |
Condition set in error.
File contains bank statements showing SSI deposit, and SSI
letter. Condition voided. - xxxxxx Please 11-19 current deposit of SSI income from xxxxxx - xxxxxx |
xxxxxx 19:30 | Void | 3 | 3 | 1 | |||
| 4000110170 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 16:42 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000110170 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
The loan meets all applicable compliance guidelines. - xxxxxx |
xxxxxx 16:42 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000110177 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 20:34 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000110177 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 22:27 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000110177 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 23:03 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000110430 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 6 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 02:21 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000110430 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 6 | xx/xx/xxxx | Compliance | Disclosure - ARM Disclosure/Late | The ARM Disclosure was not provided within 3 days of application
date. |
ARM Disclosure - xxxxxx |
ARM Disclosure Provided Within 3 Days of Application Date or Not
Applicable (Occupancy is Primary Residence and Note Type is ARM) - xxxxxx Receivede-signed ARM Disclosure - xxxxxx ARM Disclosure - xxxxxx |
xxxxxx 15:13 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000110430 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 6 | xx/xx/xxxx | Compliance | Missing Doc - CHARM Booklet/Missing | CHARM Booklet is missing. |
CHARM - xxxxxx |
CHARM Booklet is Present or Not Applicable - xxxxxx Received charm booklet - xxxxxx CHARM - xxxxxx |
xxxxxx 15:13 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000110430 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 6 | xx/xx/xxxx | Compliance | Charges That Cannot Increase Test (50001251) | 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: Recording Service 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)). |
COC CD - xxxxxx |
Received CIC - xxxxxx - xxxxxx COC CD - xxxxxx |
xxxxxx 15:20 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000110430 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 6 | xx/xx/xxxx | Compliance | Insufficient Change of Circumstance (50001252) | 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: Recording Service 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)). |
COC CD - xxxxxx |
Received CIC - xxxxxx - xxxxxx COC CD - xxxxxx |
xxxxxx 15:20 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000110430 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 6 of 6 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
The loan meets all applicable credit guidelines. - xxxxxx |
xxxxxx 02:21 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000110439 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 17:31 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000110439 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 17:31 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000110439 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 17:31 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000110444 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than total amount of subject lien(s).
Lender to provide the final title policy with the updated loan amount of $
xxxxxx |
title - xxxxxx |
Final Title provided.
Condition resolved. - xxxxxx Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xxxxxx title - xxxxxx |
xxxxxx 14:35 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000110444 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 15:07 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000110444 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
The loan meets all applicable compliance guidelines. - xxxxxx |
xxxxxx 15:07 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000110445 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 17:43 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000110445 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 17:44 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000110445 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 17:44 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000110449 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 00:29 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000110449 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 00:30 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000110449 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Appraisal is Missing | The file is missing the appraisal. Missing evidence of secondary
valuation |
Low SSR scores. Qualify as the secondary valuation - xxxxxx |
CU score of 1 was provided.
Condition resolved. - xxxxxx Appraisal is Present or is Waived - xxxxxx Low SSR scores. Qualify as the secondary valuation - xxxxxx |
xxxxxx 17:58 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000110458 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 01:47 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000110458 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
The loan meets all applicable credit guidelines. - xxxxxx |
xxxxxx 01:46 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000110458 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | TRID: Missing Initial Closing Disclosure | The loan file does not contain the initial Closing Disclosure.
Initial CD and subsequent CDs prior to Final CD are missing from the file.
|
Initial CD - xxxxxx |
Received inital CD - xxxxxx Initial CD - xxxxxx |
xxxxxx 15:50 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000110507 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 2 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 17:56 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000110507 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 2 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 14:53 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000110546 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 08:40 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000110546 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 08:41 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000110546 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 17:21 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000110576 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Fraud Report Shows Uncleared Alerts | Fraud Report shows uncleared alerts. Lender to provide updated
Fraud report with cleared alerts. The
various high severity alerts on the LoanSafe Fraud Manager were left
uncleared. Condition upheld. Original
Fraud Report provided with HIGH Alerts not cleared. |
See attached cleared fraud report - xxxxxx See attached Fraud report. - xxxxxx |
Fraud Report and LOE were provided. Condition resolved. - xxxxxx All Fraud Report Alerts have been cleared or None Exist - xxxxxx See attached cleared fraud report - xxxxxx Condition upheld. Original Fraud Report provided with HIGH Alerts not cleared. - xxxxxx See attached Fraud report. - xxxxxx |
xxxxxx 14:42 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000110576 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 01:58 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000110576 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 02:02 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000110589 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Missing VOM or VOR | Verification of Rent (VOR)/Verification of Mortgage (VOM)
Document is Missing. Loan file is missing VOR per lender guidelines must
verify 12 months rental history. |
See attached transaction summary to show the rent
withdrawals. - xxxxxx |
VOM and evidence of payment provided. Condition resolved. - xxxxxx See attached transaction summary to show the rent withdrawals. - xxxxxx |
xxxxxx 21:25 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000110589 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 18:38 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000110589 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 20:42 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000110589 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate Lock. Lender to provide most recent
Rate Lock Agreement and xxxxxxF lock confirmation. Condition upheld. Provide the Lock Confirmation for the
subject loan between xxxxxx and xxxxxx.
|
LOCK CONFIRMATION -
xxxxxx See attached rate lock CD - xxxxxx |
Investor Lock
Confirmation provided. Condition
resolved. - xxxxxx LOCK CONFIRMATION - xxxxxx Condition upheld. Provide the Lock Confirmation for the subject loan between xxxxxx and xxxxxx. - xxxxxx See attached rate lock CD - xxxxxx |
xxxxxx 17:58 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000110594 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Business Purpose - Loan Guaranty/Missing | The Personal Loan Guaranty is missing. Lender to provide the
fully executed personal loan guaranty. |
Personal Guaranty attached - xxxxxx |
Loan Guaranty provided.
Condition resolved. - xxxxxx The Personal Loan Guaranty is not missing. - xxxxxx Personal Guaranty attached - xxxxxx |
xxxxxx 15:42 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000110594 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 22:15 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000110594 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 22:15 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000110594 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Credit Documentation - Letter of Explanation | The loan file did not contain a letter of explanation as
required. Per guidelines a Borrowing Resolution and Incumbency Certificate
evidencing LLC’s approval and authorization of the underlying mortgage
transaction is required. This document is missing from the loan file. |
LLC's approval and authorization for transaction attached -
xxxxxx |
Document provided.
Condition resolved. - xxxxxx LLC's approval and authorization for transaction attached - xxxxxx |
xxxxxx 14:37 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000110647 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 15:42 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000110647 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 15:42 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000110647 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 15:42 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000110658 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 20:50 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000110658 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | TRID: CD not delivered at least 3 days prior to consummation | No evidence non-borrowing title holder xxxxxx was provided a
copy of the CD at least 3 days prior to closing Received duplicate copy of
the final CD. This finding is for evidence the non-borrowing title holder
received a copy of the initial CD. All parties with a right to rescind must
receive the CD at least 3 days prior to consumation. Provide evidence a copy
of the CD was sent to xxxxxx. Received duplicate copy of the final CD. This finding is for evidence the non-borrowing title holder received a copy of the initial CD. All parties with a right to rescind must receive the CD at least 3 days prior to consumation. Provide evidence a copy of the CD was sent to xxxxxx. |
Received duplicate copy of the final CD. This finding is for
evidence the non-borrowing title holder received a copy of the initial CD.
All parties with a right to rescind must receive the CD at least 3 days prior
to consumation. Provide evidence a copy of the CD was sent to xxxxxx. -
xxxxxx signed ICD - xxxxxx - xxxxxx Document Uploaded. - xxxxxx |
Received ICD e-signed by the non-borrowing spouse - xxxxxx signed ICD - xxxxxx Received duplicate copy of the final CD. This finding is for evidence the non-borrowing title holder received a copy of the initial CD. All parties with a right to rescind must receive the CD at least 3 days prior to consumation. Provide evidence a copy of the CD was sent to xxxxxx. - xxxxxx - xxxxxx Received duplicate copy of the final CD. This finding is for evidence the non-borrowing title holder received a copy of the initial CD. All parties with a right to rescind must receive the CD at least 3 days prior to consumation. Provide evidence a copy of the CD was sent to xxxxxx. - xxxxxx Document Uploaded. - xxxxxx |
xxxxxx 14:31 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000110658 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 22:33 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000110658 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 22:33 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000110682 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 2 | xx/xx/xxxx | Credit | Borrower 1 Personal Tax Returns Less Than 24 Months Provided | Borrower 1 personal tax returns less than 24 months provided. 1
Year Personal Tax Returns are acceptable per AUS guidelines. |
can you please confirm what do we need to provide here to clear
condition ? - xxxxxx |
Condition set in error.
Should have been rescinded. -
xxxxxx can you please confirm what do we need to provide here to clear condition ? - xxxxxx |
xxxxxx 20:43 | Void | 3 | 3 | 1 | |||
| 4000110682 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 2 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 20:59 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000110698 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not contain sufficient documentation to verify
debts associated with all other properties. The loan file is missing the HOI
for XXXX XXXXX XXXX XXX. |
HOA/PITI - xxxxxx |
REO Docs provided.
Condition resolved. - xxxxxx HOA/PITI - xxxxxx |
xxxxxx 20:40 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000110698 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 21:56 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000110698 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 22:36 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000110700 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 17:36 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000110700 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 17:36 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000110700 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 16:07 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000110772 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than total amount of subject lien(s).
Lender to provide the final title policy with the loan amount updated to $
xxxxxx |
Attached - xxxxxx |
Updated Title Policy provided.
Condition resolved. - xxxxxx Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xxxxxx Attached - xxxxxx |
xxxxxx 21:07 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000110772 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 5 | xx/xx/xxxx | Credit | HO6 Master Insurance Policy is Missing | Missing Condo / PUD project master insurance policy. Please
provide the master condo policy |
Attached - xxxxxx |
Master Policy provided.
Condition resolved. - xxxxxx HO-6 Master Insurance Policy is fully present - xxxxxx Attached - xxxxxx |
xxxxxx 21:06 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000110772 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 5 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 19:00 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000110772 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 5 | xx/xx/xxxx | Credit | Condo - Documentation | The loan file did not contain required condo documentation (ie.
Master HOI, Condo Questionnaire, Condo Budget, Project Review). Please
provide the condo questionnaire for the subject property |
This was Fannie Mae Approved, I have attached the documents we
have. - xxxxxx |
Condition set in error:
Per DU, loan received a PIW, AVM was in file, and DU states: Based on data provided to DU, the existing
loan is Fannie Mae owned. The project eligibility review is waived, though
the lender must confirm the requirements specified in section B4-2.1-02,
Waiver of Project Review of the Selling Guide are met - xxxxxx This was Fannie Mae Approved, I have attached the documents we have. - xxxxxx |
xxxxxx 21:15 | Void | 3 | 3 | 1 | |||
| 4000110772 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 5 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not contain the required 3rd party valuation
product. Please provide a valid third party valuation product |
Attached - xxxxxx |
PIW per DU and AVM was in file. - xxxxxx Attached - xxxxxx |
xxxxxx 21:02 | Void | 1 | 3 | 1 | |||
| 4000110814 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Purchase Contract - Addendum Missing | The Purchase Contract Addendum is missing. Missing addendum to
Purchase Contract reflecting seller credit in the amount of $xxxxxx signed by
all parties. |
SELLER CREDIT - xxxxxx As per our underwriter even if the seller credit is $2,500, it does not exceed our max allowed amount. - xxxxxx |
Executed escrow instructions provided. Condition resolved. - xxxxxx SELLER CREDIT - xxxxxx Condition upheld. Provide Contract Addendum. - xxxxxx As per our underwriter even if the seller credit is $xxxxxx, it does not exceed our max allowed amount. - xxxxxx |
xxxxxx 18:30 | Resolved | 2 | 1 | 3 | 1 | ||
| 4000110814 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Condo - HOA Dues | The file does not contain documentation supporting the HOA/Condo
dues. Missing HOA dues, if applicable, for Primary Residence. |
As per our underwriter there are no HOA dues on the primary
residence, as the prop type is an SFR. - xxxxxx HOA DUES - xxxxxx |
Evidence provided to show, no HOA on primary. - xxxxxx As per our underwriter there are no HOA dues on the primary residence, as the prop type is an SFR. - xxxxxx HOA DUES - xxxxxx |
xxxxxx 21:20 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000110814 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 17:15 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000110814 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 17:16 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000110921 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Calculated DSCR does not meet the Minimum DSCR allowed | The Calculated DSCR of '0.839' is less than the minimum required
DSCR of'1'. The Calculated DSCR of 0.839 is less than the minimum required
DSCR of 1.0 for a first-time investor. The loan file contains a lender
approved exception with compensating factors.
|
The Calculated DSCR of '0.839' is less than the minimum required
DSCR of'1'. The Calculated DSCR of 0.839 is less than the minimum required
DSCR of 1.0 for a first-time investor. The loan file contains a lender
approved exception with compensating factors. - xxxxxx |
FICO score of 782 is 82 points higher than the minimum required per guidelines. The verified PITIA reserves of 16.16 months are 13.16 months higher than the required per the guidelines. | xxxxxx 22:10 | Waived | 2 | 2 | 3 | 2 | ||
| 4000110921 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. The loan file contains a CU with a risk
score of 1.0 and a xxxxxx CDA with a Low Risk Score and a CDA Value of
$xxxxxx with a 0.00% variance to the appraisal value which meets the lender's
guidelines. |
xxxxxx 15:25 | Cleared | 1 | 1 | 3 | 2 | ||||
| 4000110921 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 5 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 15:25 | Cleared | 1 | 1 | 3 | 2 | ||||
| 4000110921 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 5 | xx/xx/xxxx | Credit | Borrower - Residency Alien Documentation | The borrower indicates Resident Alien status, however, the file
contains no evidence documenting status as legally. The borrower is a
permanent resident alien per the final loan application. The loan file
contains the borrower's xxxxxx driver's license. The lender's guidelines
require acceptable evidence of lawful permanent residency to be documented and meet one of the following
criteria: I-151 – Permanent Resident
Card (Green Card) that does not have an expiration date, I-551 – Permanent
Resident Card (Green Card) issued for 10 years that has not expired, I-551 –
Conditional Permanent Resident Card (Green Card) issued for two (2) years
that has an expiration date, if it is accompanied by a copy of USCIS form
I-751 requesting removal of the conditions, or an un-expired Foreign Passport
with an un-expired stamp reading as follows: “Processed for I-551 Temporary
Evidence of Lawful Admission for Permanent Residence. Valid untixxxxxx.
Employment Authorized.” |
Perm res card attached - xxxxxx |
Perm Resident Card provided.
Condition resolved. - xxxxxx Perm res card attached - xxxxxx |
xxxxxx 21:36 | Resolved | 2 | 1 | 3 | 2 | ||
| 4000110921 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 5 | xx/xx/xxxx | Credit | Hazard Insurance Policy is Partial | Hazard insurance policy partially provided. The lender's
guidelines require rent loss coverage equal to 3 months PITIA reserves, or
$xxxxxx, for the subject property. The loan file contains the hazard policy
stating coverage for rental loss is included, but the amount of coverage is
not disclosed on the policy. |
xxxxxx Guides do not require- see attached. loan is to be reviewed according to attached guide - xxxxxx |
upon re-review condition has been resolved - xxxxxx Rent Loss insurance is not required Per Guidelines - xxxxxx Condition upheld. HOI Policy in file states Rent Loss Coverage is included. What is the Amount? - xxxxxx xxxxxx Guides do not require- see attached. loan is to be reviewed according to attached guide - xxxxxx |
xxxxxx 19:41 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000111014 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not contain sufficient documentation to verify
debts associated with all other properties. The mortgage statement for the
property located at xxxxxx was not found in the loan documents, and
verification of whether the property located at xxxxxx is subject to a
homeowners association (HOA) is also missing from the file. If the loan for
xxxxxx is not escrowed, please provide the hazard and HOA statements. |
REO Docs - xxxxxx |
REO Docs provided. Condition resolved. - xxxxxx REO Docs - xxxxxx |
xxxxxx 18:45 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000111014 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 19:16 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000111014 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 5 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx |
xxxxxx 19:16 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000111014 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 5 | xx/xx/xxxx | Credit | Other Credit Finding | Per the credit report, the xxxxxx account #xxxxxx had an $xxxxxx
balance and was paid off prior to closing. Verification of the funds to pay
off the lien was not found in the loan documents to determine if additional
debt. |
new HELOC - xxxxxx |
Evidence of HELOC closure and the New HELOC were located in file
per Credit Supp. - xxxxxx new HELOC - xxxxxx |
xxxxxx 18:22 | Void | 4 | 4 | 1 | |||
| 4000111014 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 5 | xx/xx/xxxx | Credit | Credit Profile - Mortgage Payment History | A mortgage payment history reflected at least one 30-day late in
the last 12 months, which exceeds guidelines. Two mortgages were paid at
closing that opened in xxxxxx. (xxxxxx). No Payment history or terms of the
mortgages to determine if payments were due could be found in the loan
documents. Please provide the mortgage statements and payment history for
these mortgages. |
LOX - xxxxxx |
LOX provided. Condition resolved. - xxxxxx LOX - xxxxxx |
xxxxxx 14:27 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000111021 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 21:00 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000111021 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | Credit Documentation - Letter of Explanation | The loan file did not contain a letter of explanation as
required. The appraisal reflects the occupancy as owner occupied, but the
subject transaction is a refinance of an investment property. |
our underwriter would like to confirm - xxxxxx |
Seller provided corrected appraisal - xxxxxx our underwriter would like to confirm - xxxxxx |
xxxxxx 20:30 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000111021 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Final Settlement Statement Missing. | The final Settlement Statement document is missing. Please
provide the final signed settlement statement/HUD. |
FINAL SS - xxxxxx |
Final Certified Settlement Statement provided. Condition resolved. - xxxxxx Final HUD-1 Document is not missing or estimated only. - xxxxxx FINAL SS - xxxxxx |
xxxxxx 18:39 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000111050 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Title Document is Partially Present | Title document is incomplete or only partially present. File is missing either a Quick EQ/Property
Report or the RELP, MRELP, Transaction Cert, or E&O Policy. Please supply both required Title
documents. The title commitment does not show the full unit # for the condo
as shown on all source and property tax documents for the subject of G7. |
Updated Title - xxxxxx |
Updated Title provided. Condition resolved. - xxxxxx Title document has been provided. - xxxxxx Updated Title - xxxxxx |
xxxxxx 16:08 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000111050 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | HO6 Insurance Policy Effective Date is after the Note Date | HO-6 insurance policy effective date is after the Note date.
Provide the completed HO6 policy for the subject as the binder provided has
no Policy #, duration period, receipt confirming its paid (POC) and is not
signed by the agent binding its effect. The effective date of the non-binding
policy isxxxxxxith a loan disbursement date ofxxxxxxThe Master Policy covers
this period however the final policy is still required. |
H06 - xxxxxx |
Updated HOI Policy provided. Condition resolved. - xxxxxx HO-6 Insurance Policy Effective Date oxxxxxx26 is prior to or equal to the Note Date oxxxxxx26 Or HO-6 Insurance Policy Effective Date Is Not Provided - xxxxxx H06 - xxxxxx |
xxxxxx 16:22 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000111050 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud report. |
Fraud Report - xxxxxx |
Fraud Report provided.
Condition resolved. - xxxxxx Third party fraud report is provided - xxxxxx Fraud Report - xxxxxx |
xxxxxx 16:24 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000111050 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Liabilities - Not Verified | The application lists debts that were not verified on the credit
report and not independently verified. Per the AUS in the file, there is an
additional expense of $xxxxxx for the subject property. Please provide
documentation to support the additional expense. |
That represent the special assessments for the subject property.
Its on the appraisal as well as the contract of sale. - xxxxxx |
Condition resolved. HOA
in file. - xxxxxx That represent the special assessments for the subject property. Its on the appraisal as well as the contract of sale. - xxxxxx |
xxxxxx 16:09 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000111142 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Cash reserves less than required by guidelines | Total Cash reserves of '$xxxxxx' are less than $xxxxxx. The
total assets in file is $xxxxxx. The required reserves are $xxxxxx. After
applying the cash to borrower of xxxxxx, the borrower is short on reserves
-$xxxxxx. Please provide additional assets statements to show that the
borrower has sufficient assets. |
The borrower didn't use any funds for closing funds but used for
reserves only. The borrower has sufficient funds for reserves. The cash back to borrower is allowed as the amount is lesser of $5,000 or 2% of the new loan amount. Thank you. • Total assets verified: $xxxxxx • Reserves required is $xxxxxx ** Subject 9 mos by qualifying rate is $xxxxxx ($xxxxxx) + xxxxxx 2 mos is $ xxxxxx ($xxxxxx) +xxxxxx 2 mos is $xxxxxx ($xxxxxx) - xxxxxx |
Condition voided. Set in
error. - xxxxxx Total Cash reserves are greater than $xxxxxx. - xxxxxx The borrower didn't use any funds for closing funds but used for reserves only. The borrower has sufficient funds for reserves. The cash back to borrower is allowed as the amount is lesser of $5,000 or 2% of the new loan amount. Thank you. • Total assets verified: $xxxxxx • Reserves required is $xxxxxx ** Subject 9 mos by qualifying rate is $xxxxxx ($xxxxxx) + xxxxxx 2 mos is $ xxxxxx ($xxxxxx) +xxxxxx 2 mos is $xxxxxx ($xxxxxx) - xxxxxx |
xxxxxx 21:03 | Void | 3 | 3 | 1 | |||
| 4000111142 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 14:07 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000111142 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 14:07 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000111171 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 13:08 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000111171 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx |
xxxxxx 13:08 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000111171 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
The loan meets all applicable credit guidelines. - xxxxxx |
xxxxxx 13:07 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000111175 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 14:11 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000111175 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 14:11 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000111175 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 14:17 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000111181 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 23:41 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000111181 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
The loan meets all applicable credit guidelines. - xxxxxx |
xxxxxx 23:42 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000111181 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx |
xxxxxx 23:42 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000111274 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate Lock. The xxxxxx lock agreement is
missing from the loan file. |
Lock confirmation - xxxxxx |
Lock provided. Condition
resolved. - xxxxxx Lock confirmation - xxxxxx |
xxxxxx 21:43 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000111274 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | Income - Rental Property | Rental income is not properly documented and/or supported.
Rental income used for xxxxxx was $xxxxxx. The lease agreement provided
reflects a monthly rental income of $xxxxxx. Please provide documentation of
the rental income of $xxxxxx along with proof of receipt of the rental
income. |
The co-borrower purchased this property with another party,
therefore rental income is applied based off the lease at 50% ownership
(lease amount is $xxxxxx - applied $xxxxxx). Proof of rent received and
borrowers are 50% of the LLC attached. - xxxxxx |
Explanation and evidence provided. Condition resolved. - xxxxxx The co-borrower purchased this property with another party, therefore rental income is applied based off the lease at 50% ownership (lease amount is $xxxxxx - applied $xxxxxx). Proof of rent received and borrowers are 50% of the LLC attached. - xxxxxx |
xxxxxx 23:08 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000111274 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 21:18 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000111352 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable appraisal guidelines. |
xxxxxx 23:46 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000111352 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 23:47 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000111352 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 18:08 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000111352 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 18:08 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000111361 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Master Policy Expiration Date is Prior To the Transaction Date | Master Policy expiration date is prior to the transaction date.
Master Policy provided expires prior to closing date. Please provide updated
Masters Policy |
Current master policy - xxxxxx |
Updated HOI provided. -
xxxxxx Master Policy Expiration Date oxxxxxx is Equal to or After the Transaction Date xxxxxx Or Master Policy Expiration Date Is Not Provided - xxxxxx Current master policy - xxxxxx |
xxxxxx 13:52 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000111361 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Missing Doc - Documentation Missing | The loan file does not contain all required valuation documents.
Lender to provide HOI, HOA etc for the following REO propertyxxxxxx to
properly assess Net Rent. |
xxxxxx Docs - xxxxxx |
PITIA docs were provided for xxxxxx. Condition resolved. - xxxxxx xxxxxx Docs - xxxxxx |
xxxxxx 21:38 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000111361 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 22:37 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000111469 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx |
xxxxxx 18:51 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000111469 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 18:52 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000111469 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
The loan meets all applicable credit guidelines. - xxxxxx |
xxxxxx 18:52 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000111516 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | The Deed of Trust is Missing | The Deed of Trust is missing. |
mtg and warranty deed - xxxxxx |
DOT provided. Condition
resolved. - xxxxxx The Deed of Trust has been provided. - xxxxxx mtg and warranty deed - xxxxxx |
xxxxxx 21:35 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000111516 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 22:22 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000111516 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
The loan meets all applicable credit guidelines. - xxxxxx |
xxxxxx 22:21 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000111650 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud report. |
see attached - xxxxxx |
Fraud Report provided. -
xxxxxx Third party fraud report is provided - xxxxxx see attached - xxxxxx |
xxxxxx 13:46 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000111650 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx |
xxxxxx 21:50 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000111650 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 21:50 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000111661 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 22:22 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000111661 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 22:23 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000111661 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not contain sufficient documentation to verify
debts associated with all other properties. Unable to validate REO
propertyxxxxxx $xxxxxx listed HOA on
final 1003. (escrow included in payment) |
xxxxxx- xxxxxx |
Docs provided. Condition resolved. - xxxxxx xxxxxx - xxxxxx |
xxxxxx 16:46 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000111780 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. The loan file contains a CU with risk
score of 1.0, LCA with risk score of 4.0 and xxxxxx CDA with Moderate Risk
and CDA Value to Appraisal value with 0.00% variance which meets the lender's
guidelines. |
xxxxxx 03:30 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000111780 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate Lock. Please provide the xxxxxx Bay
Rate Lock Agreement |
Lock - xxxxxx |
Investor lock provided. -
xxxxxx Evidence of Rate Lock Provided - xxxxxx Lock - xxxxxx |
xxxxxx 16:04 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000111780 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 03:30 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000111843 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 14:41 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000111843 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 14:42 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000111843 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 14:42 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000111861 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. The loan file contains a xxxxxx CDA with
a Low Risk score and CDA value to appraisal value with % tolerance which
meets the lender's guidelines. |
xxxxxx 22:05 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000111861 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 22:05 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000111861 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 22:05 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000111870 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Missing VOM or VOR | Verification of Rent (VOR)/Verification of Mortgage (VOM)
Document is Missing. Missing Verification of Mortgage for Primary Residence.
Per Final Application there is a lien with xxxxxx. |
attached - xxxxxx attached - xxxxxx |
Verification of Rent (VOR)/Verification of Mortgage (VOM)
Document is not Missing - xxxxxx Rent Free Letter provided. Condition resolved. - xxxxxx attached - xxxxxx Condition upheld. A new 1003 was provided removing the Borrowers Primary Residence (xxxxxx) from the REO and the the new 1003 states the Borrower has no housing expense at xxxxxx. Provide Rent Free Letter or Evidence Borrower sold property. - xxxxxx attached - xxxxxx |
xxxxxx 16:18 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000111870 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain the Approval/Underwriting Summary. |
attached - xxxxxx |
Final Loan Commitment was provided. - xxxxxx Approval/Underwriting Summary is fully present - xxxxxx attached - xxxxxx |
xxxxxx 13:52 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000111870 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 16:33 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000111870 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx |
xxxxxx 16:33 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000111999 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 17:05 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000111999 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 05:47 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000111999 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 05:47 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000112004 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 21:27 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000112004 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx |
xxxxxx 21:26 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000112004 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. xxxxxxF
Lock Confirmation indicates the Loan Product was xxxxxx , however, this
product does not conform to Investment properties, and the max cash out is
$750,000.00. |
memo - xxxxxx |
The loan is conforming to Fannie Mae Seller Guides which allows
for a cash-out amount over $750,000. This is evidenced by the DU AUS showing an Approve/Eligible Recommendation. - xxxxxx memo - xxxxxx |
xxxxxx 17:55 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000112004 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Cash Out Does Not Meet Guideline Requirements | Cash out does not meet guideline requirements. Borrower received
$xxxxxx at closing. Max cash out allowed per guidelines is $750,000.00 |
memo - xxxxxx |
The loan is conforming to Fannie Mae Seller Guides which allows
for a cash-out amount over $750,000. This is evidenced by the DU AUS showing an Approve/Eligible Recommendation. - xxxxxx memo - xxxxxx |
xxxxxx 17:56 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000112089 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Hazard Insurance - Other Insurance Incomplete | The policy verifying other property insurance is not complete.
The loan file contains the Hazard Ins; however, the policy didnt contain the
Rent loss coverage. |
Not required on full document. - xxxxxx |
xxxxxx 22:14 | Void | 3 | 3 | 1 | ||||
| 4000112089 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 19:39 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000112089 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 19:39 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000112119 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 7 | xx/xx/xxxx | Credit | Income - General | The loan file reflected additional income issues. Lender to
provide the business narrative completed by the borrower, A CPA letter
verifying the ownership of the business. Lender to also provide the business
entity filing with the State of NJ to verify business is still in existence
and in good standing with the state.
|
The business narrative can be found in the initial upload page
999. The business license, verification of business existence and CPA letter
can be found on pages 985-989. Please review the initial upload and waive the
condition. - xxxxxx |
Business Narrative was located in file. - xxxxxx The business narrative can be found in the initial upload page 999. The business license, verification of business existence and CPA letter can be found on pages 985-989. Please review the initial upload and waive the condition. - xxxxxx |
xxxxxx 18:11 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000112119 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 7 | xx/xx/xxxx | Credit | Borrower 1 CPA Letter Missing | Borrower 1 CPA letter missing from the file. Lender to provide a
CPA letter to verify the business existence as well as ownership percentage
of the borrower. |
The CPA letter can be found on page 987 of the initial upload -
xxxxxx |
CPA Letter located in file. - xxxxxx Borrower 1 CPA letter provided - xxxxxx The CPA letter can be found on page 987 of the initial upload - xxxxxx |
xxxxxx 15:58 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000112119 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 7 | xx/xx/xxxx | Credit | Borrower 1 3rd Party VOE Prior to Close Missing | Borrower 1 3rd party VOE prior to close missing. Lender to
provide a VOE within 10 days of closing to verify the business. |
The VOE was in the initial upload, page 975. For self-employment the VOE needs
to be within 30 days from the note date, not 10. Please review the initial
upload and waive the condition. -
xxxxxx |
Existence of Business search was located. - xxxxxx Borrower 1 3rd Party VOE prior to close was provided. - xxxxxx The VOE was in the initial upload, page 975. For self-employment the VOE needs to be within 30 days from the note date, not 10. Please review the initial upload and waive the condition. - xxxxxx |
xxxxxx 15:58 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000112119 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 7 | xx/xx/xxxx | Property | Loan Purpose is Purchase but Purchase Contract Doc is Missing | Loan purpose is purchase and valuation type of purchase contract
has not been selected. Lender to provide the fully executed purchase
contract, only the addendums are in the loan file. |
The fully executed purchase contract was provided in the initial
upload, pages 47-60. Please review the upload and waive/remove the condition.
Thank You - xxxxxx |
Complete purchase contract was located in the file. - xxxxxx Purchase Contract Doc is not Missing, or is Not Applicable. - xxxxxx The fully executed purchase contract was provided in the initial upload, pages 47-60. Please review the upload and waive/remove the condition. Thank You - xxxxxx |
xxxxxx 18:22 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000112119 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 7 | xx/xx/xxxx | Property | Appraisal - Incomplete | The appraisal provided was incomplete. The Auditor was unable to
review the entire appraisal report. Lender to provide the complete appraisal
report including all subject & comp photos. |
See the attached appraisal - xxxxxx |
Complete Appraisal was provided. - xxxxxx See the attached appraisal - xxxxxx |
xxxxxx 18:24 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000112119 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 6 of 7 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 18:12 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000112119 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 7 of 7 | xx/xx/xxxx | Property | Appraisal is Missing | The file is missing the appraisal. |
VOIDED. SET IN ERROR - xxxxxx Appraisal is Present or is Waived - xxxxxx |
xxxxxx 18:23 | Void | 4 | 4 | 1 | ||||
| 4000112130 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than total amount of subject lien(s). The
preliminary title policy in the loan file is missing the title coverage equal
to the loan amount $xxxxxx |
See attached - xxxxxx See attached - xxxxxx escrow instructions regarding title coverage. - xxxxxx |
Updated Title provided.
Condition resolved. - xxxxxx Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xxxxxx See attached - xxxxxx Condition upheld. No Title Policy or CPL showing proposed insured amount has been provided. - xxxxxx See attached - xxxxxx Condition upheld. Provided Title showing Proposed Insured amount or CPL showing the same. - xxxxxx escrow instructions regarding title coverage. - xxxxxx |
xxxxxx 18:51 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000112130 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. The loan file contains a CU with a risk
score of 1.0 and a xxxxxx CDA with Low Risk score and CDA to appraisal
variance of 0.00% which meets the lender's guidelines. |
xxxxxx 19:36 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000112130 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 19:36 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000112158 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 23:15 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000112158 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 23:15 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000112158 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | AbilityToRepay: QMPointsAndFees | NonQM The loan fees ($xxxxxx) exceed the (QM) (Note Amount
>=$xxxxxx) fee limit, which is 3% of the Total Loan Amount ($xxxxxx), the
difference is ($xxxxxx). (12 CFR 1026.43(e)(3). |
per our lock manager discount points are bona fide. Par rate is
6.75% vs. APOR 6.06% - xxxxxx |
Bona fide discount points excluded. Finding resolved - xxxxxx Resolved - xxxxxx per our lock manager discount points are bona fide. Par rate is 6.75% vs. APOR 6.06% - xxxxxx |
xxxxxx 14:40 | Resolved | 1 | 1 | 1 | 1 | ||
| 4000112158 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
xxxxxx 15:25 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000112219 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 18:59 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000112219 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx |
xxxxxx 18:58 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000112219 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
The loan meets all applicable credit guidelines. - xxxxxx |
xxxxxx 18:58 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000112269 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Borrower 1 Executed 4506-T Missing | Borrower 1 Executed 4506-T missing from the file. |
4506 - xxxxxx |
4506 provided. - xxxxxx Borrower 1 Executed 4506-T Provided - xxxxxx 4506 - xxxxxx |
xxxxxx 22:51 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000112269 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. The loan file contains a CU and LCA with
risk scores of 2.5 or less which meets the lender's guidelines. |
xxxxxx 15:03 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000112269 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 18:27 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000112307 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
The loan meets all applicable compliance guidelines. - xxxxxx |
xxxxxx 00:01 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000112307 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Missing HOA/Condo Certification | The loan file contains the order form for the Lender
Questionnaire Package; however, the final report is not provided in the loan
file. The lender's guidelines require a Condo Questionnaire with supporting
documentation for an Established Attached Condo Project. |
Can you please provide clarification on the condo questionnaire?
I don’t find that requirement in your guidelines. Our warranty form in the
file indicates our receipt & acceptance of the condo documentation which
includes the questionnaire. - xxxxxx |
Established Condo, Warranty in file. - xxxxxx Can you please provide clarification on the condo questionnaire? I don’t find that requirement in your guidelines. Our warranty form in the file indicates our receipt & acceptance of the condo documentation which includes the questionnaire. - xxxxxx |
xxxxxx 15:47 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000112307 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Assets - LOE Missing | The loan file does not contain all required asset documentation.
The required letter of explanation was not provided in the loan file. Missing
a letter of explanation for the 2 large deposits into the borrower's xxxxxx
account #xxxxxx: $xxxxxx wired on xxxxxx and $xxxxxx on xxxxxx. The loan file contains a letter of
explanation from the borrower stating "this was my first payout for the
sale of xxxxxx (20% ownership)" via email dated xxxxxx; however, the amount
of the deposit was not stated on the letter and the Contract provided in the
loan file detailing the sale of the business does not list scheduled or
structured payouts. The loan file
contains a Promissory Note in the amount of $xxxxxx dated xxxxxx verifying
monthly installments to be paid to the borrower in the amount of $xxxxxx
beginning xxxxxx; however, the Note is not executed and the subject loan
closed on xxxxxx prior to the first scheduled payment. |
Attached LOE - xxxxxx |
LOE provided. Condition
resolved. - xxxxxx Attached LOE - xxxxxx |
xxxxxx 15:49 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000112311 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. DSCR / Business
Purpose loans are exempt from Reg Z and Reg X. Open |
The loan meets all applicable credit guidelines. - xxxxxx The loan meets all applicable credit guidelines. - xxxxxx The loan meets all applicable credit guidelines. - xxxxxx |
xxxxxx 22:53 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000112311 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. DSCR / Business Purpose loans are exempt
from Reg Z and Reg X. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. - xxxxxx The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 22:54 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000112311 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx DSCR / Business Purpose loans are exempt from Reg Z and Reg X. - xxxxxx resolved finding - xxxxxx DSCR / Business Purpose loans are exempt from Reg Z and Reg X. - xxxxxx DSCR / Business Purpose loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 22:51 | Resolved | 1 | 1 | 1 | 1 | |||
| 4000112331 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 23:05 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000112331 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. -
xxxxxx |
xxxxxx 23:04 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000112331 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Corporation/LLC: Operating Agreement Doc is Missing | The loan file does not contain the Corporation/LLC: Operating
Agreement. Business assets were included in the loan approval. While
documentation for xxxxxx. and xxxxxx identifies the borrower as a registered
agent, evidence of the borrower’s ownership percentage in each entity is not
included in the file. Please provide the operating agreements for xxxxxx. and
xxxxxx to document ownership interest. |
income docs - xxxxxx |
K-1 provided with the Tax Returns shows Borrower owns 50% of
business. Income was calculated at
50%, and assets in this Business account were credited at 50%. Condition resolved. - xxxxxx income docs - xxxxxx |
xxxxxx 15:02 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000112334 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. The loan file contains a CU and LCA with
risk score of 2.5 and CDA with Moderate Risk and CDA to Appraisal Value with
0.00% variance which meets the lender's guidelines. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. The loan file contains a CU and LCA with
risk score of 2.5 and CDA with Moderate Risk and CDA to Appraisal Value with
0.00% variance which meets the lender's guidelines. - xxxxxx |
xxxxxx 22:53 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000112334 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | Lender Credits That Cannot Decrease Test (50001262) | The baseline amount of non-specific (lump sum) lender credits
and specific lender credits disclosed is ($xxxxxx). The Last CD shows a total
lender credit amount of ($xxxxxx). The following fees "lender
credits" have decreased below their baseline amounts (General Lender
Credit). Non-specific lender credits are generalized payments that do not pay
for a particular fee. Specific lender credits are specific payments to pay
for a specific fee. The total amount of non-specific and specific lender credits
cannot decrease unless a new disclosure is provided and there is a valid
changed circumstance associated with the re-disclosure, or the creditor
provides an additional credit for the increase in Closing Costs above the
legal limit. (12 CFR 1026.19(e)(3)(i) and comments 19(e)(3)(i)-5 and -6; 12
CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). Lender credit
decreased from $xxxxxx to $xxxxxx on the final CD |
See attached. - xxxxxx |
Received CIC and CD for decreased credit - xxxxxx Resolved - xxxxxx See attached. - xxxxxx |
xxxxxx 14:57 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000112334 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | Lender Credits That Cannot Decrease Test (Fees-Limited) | The baseline amount of non-specific (lump sum) lender credits
and specific lender credits is ($xxxxxx). The actual total fee amount shows a
credit amount of ($xxxxxx). The following actual fees submitted as
"lender credits" have decreased below their baseline amounts
(General Lender Credit). Non-specific lender credits are generalized payments
that do not pay for a particular fee. Specific lender credits are specific
payments to pay for a specific fee. The total amount of non-specific and specific
lender credits cannot decrease unless a new disclosure is provided and there
is a valid changed circumstance associated with the re-disclosure. (12 CFR
1026.19e)(3) and comments 19(e)(3)-5 and -6; 12 CFR 1026.37(g)(6); 12 CFR
1026.38(h)). Duplicate finding |
Received CIC and CD for decreased credit - xxxxxx Resolved - xxxxxx |
xxxxxx 14:58 | Resolved | 1 | 1 | 3 | 1 | |||
| 4000112334 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
The loan meets all applicable credit guidelines. - xxxxxx |
xxxxxx 22:53 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000112356 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Borrower 2 - Missing or incomplete income documentation for 1 or 2 Year Full Doc | Loan is a 1YR Full Doc or 2YR Full Doc. Missing minimum years W2s, tax returns, or
1099s and/or 1 month paystubs for Borrower 2. Verified Doc Type is '2YR Full
Doc' but provided income documentation for Borrower 2 Personal Tax Returns,
Business Tax Returns, or W2/1099 is not '2 YRS', or insufficient verified
Paystubs were provided. Loan is a 1YR Full Doc or 2YR Full Doc. Missing minimum years W2s, tax returns, or
1099s and/or 1 month paystubs for Borrower 2. Verified Doc Type is '2YR Full
Doc' but provided income documentation for Borrower 2 Personal Tax Returns,
Business Tax Returns, or W2/1099 is not '2 YRS', or insufficient verified
Paystubs were provided. |
W2S, PAYSTUBS AND VOE SHOWS 2 YEARS 2024-2025 - xxxxxx ALL INCOME DOCS FROM FILE - xxxxxx |
Co-borrower not employed, all required income was provided. -
xxxxxx Verified Doc Type is '2YR Full Doc' but provided income documentation for Borrower 2 Personal Tax Returns, Business Tax Returns, or W2/1099 is not '2 YRS', or insufficient verified Paystubs were provided. - xxxxxx W2S, PAYSTUBS AND VOE SHOWS 2 YEARS 2024-2025 - xxxxxx Verified Doc Type is '2YR Full Doc' but provided income documentation for Borrower 2 Personal Tax Returns, Business Tax Returns, or W2/1099 is not '2 YRS', or insufficient verified Paystubs were provided. B2 not employed - xxxxxx ALL INCOME DOCS FROM FILE - xxxxxx |
xxxxxx 17:09 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000112356 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
The loan meets all applicable compliance guidelines. - xxxxxx |
xxxxxx 21:31 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000112356 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 21:32 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000112429 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 15:47 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000112429 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate Lock. Please provide the xxxxxx rate
lock agreement |
We don't ever have xxxxxx
locks in our files we always have the attached lock in our. - xxxxxx |
Investor lock provided. - xxxxxx Evidence of Rate Lock Provided - xxxxxx We don't ever have xxxxxx locks in our files we always have the attached lock in our. - xxxxxx |
xxxxxx 21:24 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000112429 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 15:46 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000112470 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
|
xxxxxx 00:41 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000112470 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
xxxxxx 00:42 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000112470 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
xxxxxx 00:41 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000112509 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. |
The appraised value was supported within -10% and all applicable
appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 18:18 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000112509 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
The loan meets all applicable credit guidelines. - xxxxxx |
xxxxxx 18:18 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000112509 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
The loan meets all applicable compliance guidelines. - xxxxxx |
xxxxxx 18:19 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000112510 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | Missing Prepayment Rider | Missing page 1 of the prepayment rider or addendum |
rider - xxxxxx |
PPA provided. Condition
resolved. - xxxxxx rider - xxxxxx |
xxxxxx 16:10 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000112510 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
The loan meets all applicable credit guidelines. - xxxxxx |
xxxxxx 22:32 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000112510 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Appraisal is Missing | The file is missing the appraisal. |
Appraisal - xxxxxx |
Appraisal provided. Condition resolved. - xxxxxx Appraisal is Present or is Waived - xxxxxx Appraisal - xxxxxx |
xxxxxx 15:43 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000112534 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 7 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. Provide the Third-Party Fraud Report/OFAC verification for Borrower.
|
FRAUD REPORT - xxxxxx |
Fraud Report provided. Condition resolved. - xxxxxx Third party fraud report is provided - xxxxxx FRAUD REPORT - xxxxxx |
xxxxxx 14:50 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000112622 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Asset 3 Does Not Meet Guideline Requirements | Asset does not meet G/L
Requirements. The xxxxxx statement ending in xxxxxx is 112 days old. Per
guidelines, asset statements must be dated no more than ninety (90) days
before the note date. Please provide the updated asset statement. |
Attached - xxxxxx |
Updated Statement
provided. Condition resolved. -
xxxxxx Asset Record 3 Meets G/L Requirements Or Not Applicable - xxxxxx Attached - xxxxxx |
xxxxxx 15:15 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000112622 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 5 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 13:20 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000112622 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 5 | xx/xx/xxxx | Credit | Asset 1 Does Not Meet Guideline Requirements | Asset does not meet G/L
Requirements. The xxxxxx statement ending in xxxxxx is 93 days old. Per
guidelines, asset statements must be dated no more than ninety (90) days
before the note date. Please provide the updated asset statement. |
Attached - xxxxxx |
Updated Statement
provided. Condition resolved. -
xxxxxx Asset Record 1 Meets G/L Requirements - xxxxxx Attached - xxxxxx |
xxxxxx 15:16 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000112622 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 5 | xx/xx/xxxx | Property | Missing Appraisal | The loan file does not
contain the appraisal. |
Attached - xxxxxx |
Per LP, Loan received
collateral representation and AVM was located in the loan file. - xxxxxx Attached - xxxxxx |
xxxxxx 15:15 | Void | 4 | 4 | 1 | |||
| 4000112622 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 5 of 5 | xx/xx/xxxx | Compliance | Other Compliance Finding | Loan meets all applicable
compliance testing requirements. -
xxxxxx |
xxxxxx 17:31 | Cleared | 3 | 1 | 4 | 1 | ||||
| 4000112635 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 17:49 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000112635 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a xxxxxx CDA with Moderate Risk score and CDA Value of
$xxxxxx and CDA to Appraisal Value within -2.3% which meets the lender's guidelines. |
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a xxxxxx CDA with Moderate Risk score and CDA Value of
$xxxxxx and CDA to Appraisal Value within -2.3% which meets the lender's guidelines.
- xxxxxx |
xxxxxx 17:49 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000112635 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Verification Documenation - VOR Missing | The loan file did not
contain a Verifiction of Rent as required. Missing 12-month housing history
for the borrower's primary residence at xxxxxx documented through the closing
date. Per the loan application, the borrower has rented at this location for
5 years with monthly rent of $xxxxxx a month.
|
VOR - xxxxxx |
VOR was provided. Condition
resolved. - xxxxxx VOR - xxxxxx |
xxxxxx 14:39 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000112653 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 22:00 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000112653 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 22:00 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000112653 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 22:00 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000112710 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 21:08 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000112710 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 21:08 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000112710 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 21:09 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000112727 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:09 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000112727 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | Missing Business Purpose Affidavit | File is missing statement
of business purpose. Copy located in file is incomplete |
Attached - xxxxxx |
Executed copy was
provided. Condition resolved. -
xxxxxx Attached - xxxxxx |
xxxxxx 21:31 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000112727 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were
satisfied. - xxxxxx |
xxxxxx 18:08 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000112732 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 6 | xx/xx/xxxx | Credit | Flood Certificate Missing | Missing flood certificate.
Lender to provide the flood certification for the subject property to verify
it not in a flood zone. |
Flood cert uploaded. - xxxxxx |
Flood Cert provided. -
xxxxxx Flood Certificate is fully present - xxxxxx Flood cert uploaded. - xxxxxx |
xxxxxx 14:33 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000112732 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 6 | xx/xx/xxxx | Credit | All Interested Parties Not Checked with Exclusionary Lists | All interested parties not
checked with exclusionary lists. Lender to provide the complete cleared fraud
report including the OFAC with all interested parties in the loan
transaction. |
Participant search uploaded
- xxxxxx |
Fraud Report provided. -
xxxxxx All Interested Parties Checked against Exclusionary Lists - xxxxxx Participant search uploaded - xxxxxx |
xxxxxx 14:04 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000112732 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 6 | xx/xx/xxxx | Credit | Third Party Fraud Report Partially Provided | Third party fraud report
partially provided. Lender to provide the complete cleared fraud report
including the OFAC with all interested parties in the loan transaction. |
Fraud report uploaded -
xxxxxx |
CDA supporting value was
provided. Condition resolved. - xxxxxx Third Party Fraud Report is fully present - xxxxxx Fraud report uploaded - xxxxxx |
xxxxxx 14:05 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000112732 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 6 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 14:33 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000112732 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 6 | xx/xx/xxxx | Property | Appraisal is Missing | The file is missing the
appraisal. Lender to provide 3rd Party Valuation Product missing from the
loan file. |
CDA value $xxxxxx. Appraised value $xxxxxx. - xxxxxx |
CDA supporting value was
provided. Condition resolved. - xxxxxx CDA supporting value was provided. Condition resolved. - xxxxxx CDA value $xxxxxx. Appraised value $xxxxxx0. - xxxxxx |
xxxxxx 14:05 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000112732 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 6 of 6 | xx/xx/xxxx | Credit | Flood Insurance Policy Missing | Missing flood insurance
policy. |
Master policy with flood
insurance uploaded - xxxxxx |
Master Flood Policy
provided. Condition resolved. - xxxxxx Flood Insurance Policy is fully present - xxxxxx Master policy with flood insurance uploaded - xxxxxx |
xxxxxx 14:37 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000112751 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Appraisal is Missing | The file is missing the
appraisal. Missing 3rd party valuation product |
COLLATERAL DESKTOP ANALYSIS - xxxxxx We just want to clarify what we need to provide it's like a desk review report or avm?Please confirm - xxxxxx APPRAISAL - xxxxxx |
CDA supporting value has
been provided. Condition resolved. -
xxxxxx Appraisal is Present or is Waived - xxxxxx COLLATERAL DESKTOP ANALYSIS - xxxxxx Condition upheld. Provide missing 3rd party valuation product, CU, AVM, BPO, CDA etc. - xxxxxx We just want to clarify what we need to provide it's like a desk review report or avm?Please confirm - xxxxxx PLEASE READ!!! loan file is Missing 3rd party valuation product - xxxxxx APPRAISAL - xxxxxx |
xxxxxx 21:15 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000112751 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 13:08 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000112751 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 13:42 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000112754 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 23:58 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000112754 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 23:57 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000112754 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Cash Out Does Not Meet Guideline Requirements | Cash out does not meet
guideline requirements. The borrower acquired the propertyxxxxxxer the fraud
report. Per guidelines, Borrower must have owned the subject property 12+
months. Please provide documentation to support the borrower meeting the
seasoning requirements. |
The subject was quit claimed from the
borrower’s business xxxxxx. to their individual names onxxxxxxut they have
owned it in the name of the business since xxxxxx xxxxxx - xxxxxx |
Title shows transfer from
Borrower's LLC to Borrower's. In
file. - xxxxxx The subject was quit claimed from the borrower’s business xxxxxx. to their individual names on it they have owned it in the name of the business since xxxxxx - xxxxxx |
xxxxxx 19:56 | Void | 3 | 3 | 1 | |||
| 4000112823 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | The Final 1003 is Missing | The final 1003 is missing.
The final 1003 could not be found in the loan documents. |
URLA - xxxxxx |
Final 1003 provided. Condition resolved. - xxxxxx The final 1003 has been provided. - xxxxxx URLA - xxxxxx |
xxxxxx 19:48 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000112823 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 14:36 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000112823 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 14:37 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000112831 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 04:41 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000112831 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 04:41 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000112831 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 04:42 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000112858 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than
total amount of subject lien(s). Lender to provide the final title policy
that includes the updated loan amount of $ xxxxxx |
TITLE - xxxxxx |
Updated Title
provided. Condition resolved. -
xxxxxx Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xxxxxx TITLE - xxxxxx |
xxxxxx 21:26 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000112858 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 21:52 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000112858 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 21:53 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000112860 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Program Parameters - Guidelines Conformity | The subject loan does not
conform to program guidelines. File does not contain business narrative as
required by guidelines. |
Upon additional review, the
company does construction therefore the narrative is not required. - xxxxxx |
xxxxxx 18:51 | Resolved | 3 | 1 | 4 | 1 | |||
| 4000112860 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 16:47 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000112860 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 5 | xx/xx/xxxx | Compliance | TRID: Missing Initial Closing Disclosure | The loan file does not
contain the initial Closing Disclosure. The Initial Closing Disclosure is
missing, upon receipt additional findings may be added. |
ICD - xxxxxx |
Receieved ICD - xxxxxx ICD - xxxxxx |
xxxxxx 14:32 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000112860 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 5 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Lender to provide most recent xxxxxxF lock confirmation missing from
the loan file. |
Lock confirmation -
xxxxxx |
Investor Rate Lock
provided. Condition resolved. -
xxxxxx Lock confirmation - xxxxxx |
xxxxxx 19:57 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000112860 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 5 | xx/xx/xxxx | Compliance | AbilityToRepay: QMPointsAndFees | xxxxxx program loan points
are under 5%. not 3%. Please see
passed mavent report - xxxxxx |
Finding set in error -
xxxxxx xxxxxx program loan points are under 5%. not 3%. Please see passed mavent report - xxxxxx The loan fees ($xxxxxx) exceed the (QM) (Note Amount >=$xxxxxx) fee limit, which is 3% of the Total Loan Amount ($xxxxxx), the difference is ($xxxxxx). (12 CFR 1026.43(e)(3). - xxxxxx |
xxxxxx 17:36 | Void | 1 | 4 | 1 | ||||
| 4000112865 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 00:48 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000112865 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 00:48 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000112865 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 00:47 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000112928 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Subject loan is in Flood Zone and Notice of Special Flood Hazard Disclosure Not Completed | Subject property is in
flood zone but Notice of Special Flood Hazard Disclosure was not provided.
Please provide the Notice of Special Flood Hazard Disclosure. |
flood discs - xxxxxx |
Notice of Special Flood
Hazard Disclosure has been provided. -
xxxxxx flood discs - xxxxxx |
xxxxxx 19:18 | Resolved | 1 | 1 | 3 | 1 | ||
| 4000112928 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with a score of 1.4 and LCA with score of 1 which
meets the lender's guidelines. |
xxxxxx 23:15 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000112928 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 23:15 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000112928 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Credit Documentation - Mortgage History | The loan file did not
contain sufficient mortgage payment history. Missing proof the borrower's
primary mortgage payment due xxxxxx with xxxxxx account ending #xxxxxx was
paid. The credit report dated xxxxxx verifies payments through xxxxxx. The
loan file contains a mortgage statement dated xxxxxx verifying the xxxxxx
payment was paid on xxxxxx and the mortgage is due for the xxxxxx payment.
The subject loan closed on xxxxxx; therefore, proof of the xxxxxx payment is
required. Per the final 1003, the borrowr has owned the primary residence for
3 years, but only 1 month of mortgage history is reflected on the credit
report. Please provide 12 month housing history. |
proof xxxxxx pymt made -
xxxxxx |
Loan opened xxxxxx, first
payment xxxxxx xxxxxx and we have proof of payments since. Condition
resolved. - xxxxxx Condition upheld. Provide credit supplement or VOM showing pay history from xxxxxx on Primary. - xxxxxx proof xxxxxx pymt made - xxxxxx |
xxxxxx 21:44 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000112929 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 5 | xx/xx/xxxx | Compliance | Charges That Cannot Increase Test (50001251) | 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: Doc Tax
Stamps/Transfer Taxes – City/County, Points - Loan Discount 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)). Transfer taxes increased from $750 to $800 on the xxxxxx LE
without a CIC |
Change circumstance for
LExxxxxx please review and clear condition.
- xxxxxx |
Received CIC for increased
fees - xxxxxx Resolved - xxxxxx Change circumstance for LExxxxxx please review and clear condition. - xxxxxx |
xxxxxx 13:37 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000112929 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 5 | xx/xx/xxxx | Compliance | Missing Tangible Net Benefit Disclosure | Please provide the Tangible
Net Benefit. |
NTB - xxxxxx This is not a high-cost loan and not a flip loan. The NTB form is not needed. Please re-review and clear condition and loan for purchase. Thank you - xxxxxx |
Received TNB worksheet -
xxxxxx NTB - xxxxxx GA TNB is required if refinancing an existing loan within 60 months of its original date. Prior loan is seasoned <60 months. - xxxxxx This is not a high-cost loan and not a flip loan. The NTB form is not needed. Please re-review and clear condition and loan for purchase. Thank you - xxxxxx |
xxxxxx 16:12 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000112929 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 5 | xx/xx/xxxx | Property | Appraisal is Missing | The file is missing the
appraisal. Third party review product missing from the loan file. |
LCA with acceptable score
in file, condition resolved. - xxxxxx |
xxxxxx 16:49 | Resolved | 4 | 1 | 4 | 1 | |||
| 4000112929 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 5 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 15:33 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000112929 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 5 | xx/xx/xxxx | Credit | Missing or incomplete income documentation for 1 or 2 Year Full Doc | Verified Doc Type is '2YR
Full Doc' but provided income documentation for Borrower 1 Personal Tax
Returns, Business Tax Returns, or W2/1099 is not '2 YRS', or insufficient
verified Paystubs were provided. Loan is a 1YR Full Doc or 2YR Full Doc. Missing minimum years W2s, tax returns, or
1099s and/or 1 month paystubs. Verified Doc Type is '2YR Full Doc' but
provided income documentation for Borrower 1 Personal Tax Returns, Business
Tax Returns, or W2/1099 is not '2 YRS', or insufficient verified Paystubs
were provided. Loan is a 1YR Full Doc or 2YR Full Doc. Missing minimum years W2s, tax returns, or
1099s and/or 1 month paystubs. |
per UW: The subject loan is
a WVOE program & income docs are not required. Please waive and clear
condition. thank you - xxxxxx |
Condition set in error.
WVOE in file - xxxxxx per UW: The subject loan is a WVOE program & income docs are not required. Please waive and clear condition. thank you - xxxxxx |
xxxxxx 13:37 | Void | 3 | 4 | 1 | |||
| 4000112959 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 4 | xx/xx/xxxx | Compliance | Collateral Protection Notice is Missing | Collateral Protection
notice is missing. The Maryland MARYLAND RIGHT TO CHOOSE INSURANCE PROVIDER
DISCLOSURE is missing from the file.
|
CPL - xxxxxx |
Closing Protestion letter
provided and paid for on the FCD - xxxxxx CPL - xxxxxx |
xxxxxx 17:21 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000112959 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | Missing Attorney Preference Letter | Right To Choose Attorney or
Attorney Preference not in file. The Maryland RIGHT TO CHOOSE ATTORNEY OR
TITLE INSURANCE COMPANY disclosure is not in the file. |
Affiliated Business
Arrangement would satisfy for "right to choose" which does include language that the
borrower is free to shop for settlement services. - xxxxxx |
Received ABA disclosure
which includes required attorney/ title insurance provider verbiage. - xxxxxx Affiliated Business Arrangement would satisfy for "right to choose" which does include language that the borrower is free to shop for settlement services. - xxxxxx |
xxxxxx 17:24 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000112959 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable
appraisal guidelines. |
Loan meets applicable
appraisal guidelines. - xxxxxx |
xxxxxx 15:49 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000112959 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 15:48 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000112974 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 6 | xx/xx/xxxx | Credit | Business Purpose - Loan Guaranty/Missing | The Personal Loan Guaranty
is missing. |
guaranty - xxxxxx |
Personal Loan Guaranty was
provided. Condition resolved. - xxxxxx The Personal Loan Guaranty is not missing. - xxxxxx guaranty - xxxxxx |
xxxxxx 14:17 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000112974 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 6 | xx/xx/xxxx | Credit | Income - LOE Missing | The loan file did not
contain a letter of explanation as required. A Letter of Explanation (LOE) by
the Borrower / Guarantor is required to detail relevant real estate
experience. |
lox - xxxxxx |
LOE provided. Borrower
explains this property represents his first real estate investment. Per
Guidelines: First Time Investors are allowed provided that the DSCR is
>1.0, the Credit Score is >700 and there are no exceptions on the file. Borrower has 772 FICO, DSCR is 1.25, and no
exceptions on loan. Condition
resolved. - xxxxxx lox - xxxxxx |
xxxxxx 20:33 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000112974 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 6 | xx/xx/xxxx | Credit | Missing letter of explanation | The borrowing entity's name
is xxxxxx. Entity vesting requirements
mandate that entities must be formed for the purpose of Ownership and
Management of Real Estate. Please clarify/explain xxxxxx's purpose. |
lox - xxxxxx |
LOE provided. - xxxxxx lox - xxxxxx |
xxxxxx 14:10 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000112974 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 6 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 00:24 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000112974 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 6 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 00:25 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000112974 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 6 of 6 | xx/xx/xxxx | Credit | Citizenship Documentation Not Provided | Borrower 1 xxxxxxzenship
Documentation is missing from the file. Please provide a copy of the front
and back of the borrower's current unexpired passport. |
xxxxxxzens - xxxxxx |
Provided and resolved. -
xxxxxx xxxxxxzens - xxxxxx |
xxxxxx 14:12 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000112976 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Loan Purpose is Purchase but Purchase Contract Doc is Missing | Loan purpose is purchase
and valuation type of purchase contract has not been selected. |
See attached. - xxxxxx |
Purchase Contract Doc is
not Missing, or is Not Applicable. - xxxxxx Purchase Contract provided. Condition resolved. - xxxxxx See attached. - xxxxxx |
xxxxxx 15:03 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000112976 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 01:20 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000112976 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 01:20 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000112981 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 17:47 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000112981 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 17:48 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000112981 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 17:48 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000112984 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 5 | xx/xx/xxxx | Property | Subject property appraisal is not on an as-is basis (Primary Value) | Primary value subject
property appraisal is not on an as-is basis. |
see attached - xxxxxx |
Completion cert
provided. Condition resolved. -
xxxxxx Primary Value Subject Property Appraisal is completed on an As-Is Basis or Not Applicable - xxxxxx see attached - xxxxxx |
Lender to provide 1004D missing from the loan file. | xxxxxx 19:45 | Resolved | 3 | 1 | 3 | 2 | |
| 4000112984 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 5 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:13 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000112984 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 5 | xx/xx/xxxx | Compliance | New York - Subprime Home Loan (First Lien)(02/10) | This is a New York
"subprime home loan." The loan's current APR (9.196%) exceeds the
New York Subprime Home Loan threshold of (7.84%) by (1.356). The threshold is
determined by adding 1.75 points to the comparable Freddie Mac PMMS rate. (NY
Bank 6-m(1)(c)) . |
mortgage is stamped
subprime and subprime disclosures were provided to the borrower. Nothing else
should be needed to clear this item. -
xxxxxx |
Acknowledged condition -
xxxxxx Updated to Acknowledged, Compliant NY Subprime Loan. - xxxxxx Confirmed loan is subprime. Disclosures in the file. - xxxxxx mortgage is stamped subprime and subprime disclosures were provided to the borrower. Nothing else should be needed to clear this item. - xxxxxx |
xxxxxx 15:09 | Acknowledged | 3 | 2 | 3 | 2 | ||
| 4000112984 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 5 | xx/xx/xxxx | Compliance | Federal - General Qualified Mortgage Price-Based Limit (First Lien) | The loan's (9.196%) APR
equals or exceeds the General Qualified Mortgage Loan Price-Based threshold
of (8.39%), which is the comparable average prime offer rate of (6.14%) plus
2.25. The System used the following date to perform the APOR index lookup (xxxxxx).
The system added 2.25 to the comparable APOR because the ($xxxxxx) note
amount equals or exceeds ($xxxxxx). The system used an interest rate of
(xxxxxx%) in the APR calculation. If the interest rate may change within the
first five years after the first regular periodic payment, the system uses
the highest interest rate that may apply during that five-year period as the
interest rate for the full term of the loan. (12 CFR 1026.43(e)(2)(vi)(A)) .
|
mortgage is stamped
subprime and subprime disclosures were provided to the borrower. Nothing else
should be needed to clear this item. -
xxxxxx |
Confimred loan is subprime
Disclosures in the file - - xxxxxx mortgage is stamped subprime and subprime disclosures were provided to the borrower. Nothing else should be needed to clear this item. - xxxxxx |
xxxxxx 17:01 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000112984 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 5 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 18:13 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000113015 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 16:31 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113015 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 16:30 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113015 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 16:29 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113018 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 14:51 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113018 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 14:52 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113018 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Please provide the xxxxxx Bay rate lock agreement |
Attached - xxxxxx |
Lock provided. Condition
resolved. - xxxxxx Evidence of Rate Lock Provided - xxxxxx Attached - xxxxxx |
xxxxxx 17:49 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113031 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than
total amount of subject lien(s). The preliminary title policy and closing
protection letter in file reflects coverage amount of $xxxxxx, but the loan
amount is $xxxxxx. Please provide the final title policy reflecting sufficient
coverage. |
Attached - xxxxxx |
Policy coverage amount
shows sufficient, condition resolved.
- xxxxxx Attached - xxxxxx |
xxxxxx 17:38 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113031 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 5 | xx/xx/xxxx | Credit | Hazard Insurance Coverage is less than all Subject Lien(s) | Hazard Insurance Coverage
Amount of $xxxxxx is less than Total Amount of Subject Lien(s) of $xxxxxx
Lender to provide a replacement cost estimator to verify adequate dwelling
coverage for the subject property. |
Attached - xxxxxx the 25% is extended coverage. 25% of the $xxxxxx is $xxxxxx. So the $xxxxxx plus the $xxxxxx is $xxxxxx. Which is more than the RCE $xxxxxx - xxxxxx The hazard insurance coverage meets investor requirements. The Replacement Cost Estimator reflects a replacement cost of $xxxxxx. The policy provides $xxxxxx in dwelling coverage with an additional 25% extended replacement cost, totaling $xxxxxx in available coverage, which exceeds the estimated replacement cost. Therefore, coverage is sufficient - xxxxxx Attached RCE - xxxxxx |
Explanation of HOI Policy
provided. Condition resolved. -
xxxxxx Attached - xxxxxx the 25% is extended coverage. 25% of the $xxxxxx is $xxxxxx. So the $xxxxxx plus the $xxxxxx is $xxxxxx. Which is more than the RCE $xxxxxx - xxxxxx Condition upheld. The HOI Policy states: SPECIFIED ADDITIONAL AMOUNT OF INSURANCE 25%. It does not specify what the that amount is, nor does it say replacement cost. Provide the policy that states the specific words you cite. - xxxxxx The hazard insurance coverage meets investor requirements. The Replacement Cost Estimator reflects a replacement cost of $xxxxxx. The policy provides $xxxxxx in dwelling coverage with an additional 25% extended replacement cost, totaling $xxxxxx in available coverage, which exceeds the estimated replacement cost. Therefore, coverage is sufficient - xxxxxx Condition upheld. HOI Coverage still does not meet the RCE provided. - xxxxxx Attached RCE - xxxxxx |
xxxxxx 03:38 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113031 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 23:01 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000113031 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 5 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 23:02 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000113031 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 5 | xx/xx/xxxx | Credit | Property Title Issue | Property title issue. The
subject property is currently vested in xxxxxx. Documentation showing the
ownership interest the borrowers have in this company is missing from the
loan file. |
Attached - xxxxxx |
LLC articles provided,
condition resolved. - xxxxxx Attached - xxxxxx |
xxxxxx 17:37 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113068 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 22:50 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113068 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines - xxxxxx |
xxxxxx 22:49 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113068 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 22:49 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113083 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 22:40 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000113083 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 22:40 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000113083 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 22:41 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000113096 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 6 | xx/xx/xxxx | Credit | Borrower 1 Award Letter Missing | Borrower 1 Award Letter
missing from the file. Lender to provide the VA disability award letter for
the borrower for 2024-2025 |
Attached - xxxxxx |
AUS Approved, Bank
Statements in file showing VA and Military benefits deposits. - xxxxxx Borrower 1 Award Letter Provided - xxxxxx Attached - xxxxxx |
xxxxxx 19:44 | Void | 3 | 3 | 1 | |||
| 4000113096 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 6 | xx/xx/xxxx | Credit | Borrower 1 Separation Agreement Missing | Borrower 1 Separation
Agreement missing. Lender to provide the VA disability separation letter for
the disability/ pension income |
Attached - xxxxxx |
Condition set in error. -
xxxxxx Borrower 1 Separation Agreement Provided - xxxxxx Attached - xxxxxx |
xxxxxx 19:44 | Void | 3 | 3 | 1 | |||
| 4000113096 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 6 | xx/xx/xxxx | Credit | Borrower 1 W2/1099 Missing | Borrower 1 W2/1099 missing.
Lender to provide the1099's for 2023-2024 (2025 if available prior to
closing) for the VA benefits the borrower receives. |
Attached - xxxxxx |
AUS Approved, Bank
Statements in file showing VA and Military benefits deposits. - xxxxxx Borrower 1 W2/1099 provided - xxxxxx Attached - xxxxxx |
xxxxxx 19:45 | Void | 3 | 3 | 1 | |||
| 4000113096 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 6 | xx/xx/xxxx | Credit | Purchase is not considered to be an Arm's Length Transaction | Non-arm's length
transactions not allowed for program. Per the appraisal, the borrower
purchased the subject property from a friend before it went on the MLS. per
the xxxxxxF seller guidelines V 8.7 section 6.2 non arm's length's
transaction are ineligible transaction type. Lender will need to provide an
exception from xxxxxxF for the loan.
|
This is not a Non QM loan.
It is locked under Agency Investor Plus 30 yr Fixed guidelines. Minimal
overlays exist on this product of which I see no reference to non arms length
transaction or mandatory 2 years tax returns.
If following agency rules, non-arms length transactions & 1 year
tax return for rental income are permitted. - xxxxxx |
AUS (DU) Approved. Per FNMA Seller Guide: Non-arm's length
transactions are purchase transactions in which there is a relationship or
business affiliation between the seller and the buyer of the property. Fannie
Mae allows non-arm’s length transactions for the purchase of existing
properties unless specifically forbidden for the particular scenario, such as
delayed financing. Subject is not
delayed financing. Subject is a
purchase of an existing home between the Borrower and a friend prior being
listed on MLS. - xxxxxx This is not a Non QM loan. It is locked under Agency Investor Plus 30 yr Fixed guidelines. Minimal overlays exist on this product of which I see no reference to non arms length transaction or mandatory 2 years tax returns. If following agency rules, non-arms length transactions & 1 year tax return for rental income are permitted. - xxxxxx |
xxxxxx 19:49 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113096 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 6 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 16:15 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113096 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 6 of 6 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 16:15 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113123 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. The loan file contains a CU
and LCA with risk score > 2.5 and another 3rd party valuation is required
with a value within 10% of the appraisal value. |
CDA - xxxxxx |
3rd party valuation
provided. Condition resolved. - xxxxxx CDA - xxxxxx |
xxxxxx 14:51 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113123 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 23:51 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113123 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 23:52 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113132 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Property Issue - Neighborhood Location | The subject appraisal
verified a neigxxxxxxorhood location not allowed per guidelines. Approved
Exception for acreage over 20 in file P 675.
The subject property is zoned rural on xxxxxx acres and is ineligible
per guides as it exceeds the maximum allowed of 20 Acres. (per county tenancy
documents the property is xxxxxx Acres). |
PER EXCEPTION: MAX DTI ___40%, MAX LTV __65%, MIN FICO __765, pricing adjustment per exception verified | xxxxxx 03:07 | Waived | 2 | 2 | 3 | 2 | |||
| 4000113132 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Income and Employment Do Not Meet Guidelines | Income and employment do
not meet guidelines. Lender to provide exception for utilization of xxxxxx
assets for asset depletion, the funds do not meet the requirement for the 120
days seasoning, only 60 days verified in file. Also, this account is under both borrower's
names. Per guidelines, other sources
on non-employment income may be considered on a xxxxxxse basis and will
require investor exception approval, subject to loan level price
adjustments. None was found in the
file. |
Exception for SSI and
retirement pension and xxxxxx xxxxxx statement - xxxxxx xxxxxx xxxxxx - xxxxxx |
Exception provided
for: Allow additional income of SSI
and Pension in asset-based program. -
xxxxxx Exception for SSI and retirement pension and xxxxxx xxxxxx statement - xxxxxx xxxxxx xxxxxx - xxxxxx |
LTV <65%, DTI < 40%, Credit score >765, Reserves > 70 months. | xxxxxx 16:19 | Waived | 3 | 2 | 3 | 2 | |
| 4000113132 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. The property tax bill with
the borrower's information for the vacant land with address xxxxxx,, is not
provided supporting the monthly taxes of
$xxxxxx |
tax for xxxxxx - xxxxxx |
Tax Info provided. Condition resolved. - xxxxxx tax for xxxxxx - xxxxxx |
xxxxxx 22:43 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000113132 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 16:46 | Cleared | 1 | 1 | 3 | 2 | ||||
| 4000113189 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 23:34 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113189 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 23:33 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113189 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 23:33 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113194 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 15:36 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000113194 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 15:36 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000113194 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 15:36 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000113195 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Compliance | TRID: Missing Initial Closing Disclosure | The loan file does not
contain the initial Closing Disclosure. The executed Final CD reflects
consumer debts paid off. Please provide the Initial Closing Disclosure issued
for additional Compliance testing. |
initial cd - xxxxxx |
Received ICD - xxxxxx initial cd - xxxxxx |
xxxxxx 17:46 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000113195 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | NJ Fee Not Allowed- Notice of Settlement Fee (Fee ID: 998) | This fee is not on the list
of fees that are not allowed as per NJ.
- xxxxxx |
This fee is not on the list
of fees that are not allowed as per NJ. - xxxxxx This fee is not on the list of fees that are not allowed as per NJ. - xxxxxx Section 3:1-16.2 of the New Jersey Mortgage Loans, Fees, xxxxxxligations Provisions (N.J.A.C. 3:1-16.2) does not allow Notice of Settlement Fee (Fee ID: 998) to be charged to the Borrower in NJ. - xxxxxx |
xxxxxx 18:01 | Void | 1 | 4 | 1 | ||||
| 4000113195 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | NJ Fee Not Allowed- Transaction Management Fee (Fee ID: 998) | This fee is not on the list
of fees that are not allowed as per NJ.
- xxxxxx |
This fee is not on the list
of fees that are not allowed as per NJ. - xxxxxx This fee is not on the list of fees that are not allowed as per NJ. - xxxxxx Section 3:1-16.2 of the New Jersey Mortgage Loans, Fees, xxxxxxligations Provisions (N.J.A.C. 3:1-16.2) does not allow Transaction Management Fee (Fee ID: 998) to be charged to the Borrower in NJ. - xxxxxx |
xxxxxx 18:02 | Void | 1 | 4 | 1 | ||||
| 4000113195 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | NJ Fee Not Allowed- Open Water (Fee ID: 998) | This fee is not on the list
of fees that are not allowed as per NJ.
- xxxxxx |
Section 3:1-16.2 of the New
Jersey Mortgage Loans, Fees, xxxxxxligations Provisions (N.J.A.C. 3:1-16.2)
does not allow Open Water (Fee ID: 998) to be charged to the Borrower in
NJ. - xxxxxx This fee is not on the list of fees that are not allowed as per NJ. - xxxxxx Section 3:1-16.2 of the New Jersey Mortgage Loans, Fees, xxxxxxligations Provisions (N.J.A.C. 3:1-16.2) does not allow Open Water (Fee ID: 998) to be charged to the Borrower in NJ. - xxxxxx |
xxxxxx 18:00 | Void | 1 | 4 | 1 | ||||
| 4000113211 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with a risk score of 1.0 and a CDA with a Low
Risk and CDA to appraisal value with 0.00% variance which meets the lender's
guideline requirements. |
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with a risk score of 1.0 and a CDA with a Low
Risk and CDA to appraisal value with 0.00% variance which meets the lender's
guideline requirements. - xxxxxx |
xxxxxx 00:08 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113211 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 00:08 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113211 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Credit Documentation - Letter of Explanation | The loan file did not
contain a letter of explanation as required. Missing evidence the fraud alert
on the credit report dated xxxxxx was cleared. The fraud alert was effective for 1 year
beginning xxxxxx and the subject loan closed on xxxxxx. |
Fraud alert questionnaire -
xxxxxx |
Fraud Alert Questionnaire
was provided. Condition resolved. -
xxxxxx Fraud alert questionnaire - xxxxxx |
xxxxxx 15:35 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113265 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Credit Documentation - Undisclosed Liabilities | An undisclosed liability
was found on the updated credit report that was not located on the original
credit report. |
12 Months statements, and
1003 - xxxxxx Per the UW: We have only one credit report in the file. What is the investor asking us? Did they pull a new report? I will need to see what they are seeing before I can address it. - Please clarify. - xxxxxx |
Condition set in
error. DSCR Loan. There is no DTI. - xxxxxx 12 Months statements, and 1003 - xxxxxx Document Uploaded. Condition upheld. Please provide: Lender to provide a complete schedule of REO including all mortgage debt owed. Letter from the borrower in the file states that he owns 4 properties free and clear. There are several mortgages on the credit report that correspond with the mortgage amounts on the property reports. One mortgage on credit was taken out in 2007 with a balance of $ xxxxxx per the supplement datedxxxxxx - xxxxxx Per the UW: We have only one credit report in the file. What is the investor asking us? Did they pull a new report? I will need to see what they are seeing before I can address it. - Please clarify. - xxxxxx |
Lender to provide a complete schedule of REO including all mortgage debt owed. Letter from the borrower in the file states that he owns 4 properties free and clear. There are several mortgages on the credit report that correspond with the mortgage amounts on the property reports. One mortgage on credit was taken out in 2007 with a balance of $ xxxxxx per the supplement datedxxxxxx | xxxxxx 16:48 | Void | 3 | 3 | 1 | ||
| 4000113265 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 00:38 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000113265 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 00:39 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113293 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 10 | xx/xx/xxxx | Compliance | Charges That Cannot Increase Test (50001251) | 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: Loan
Origination 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 COC record supporting
the increase in origination fees is missing from the file - xxxxxx xxxxxx Cure Pkg - xxxxxx Revised CD - xxxxxx |
Received curative package:
PCCD, LOE, copy of refund check and proof of mailng - xxxxxx xxxxxx Cure Pkg - xxxxxx Received PCCD providing a $600 lender credit. Will need the following to cure: copy of refund check, LOE to the borrower explaining the reason for the refund and proof the cure package was mailed to the borrower. - xxxxxx Revised CD - xxxxxx |
xxxxxx 16:34 | Cured | 3 | 2 | 3 | 2 | ||
| 4000113293 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 10 | xx/xx/xxxx | Credit | Asset 5 Missing | Asset documentation is
missing from the file. The loan was approved with assets from xxxxxx checking
account ending in XXXX with a balance of $xxxxxx. This statement is missing
from the loan file. |
xxxxxx $47,105 - xxxxxx |
xxxxxx Statement
provided. Condition resolved. -
xxxxxx Asset 5 Provided Or Not Applicable - xxxxxx xxxxxx $xxxxxx - xxxxxx |
xxxxxx 20:20 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000113293 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 10 | xx/xx/xxxx | Credit | Asset 6 Missing | Asset documentation is
missing from the file. The loan was approved with assets from a secured loan
for $xxxxxx. This documentation is missing from the loan file. Please provide
documentation along with monthly payment for the new debt and proof of the transfer
of those funds. |
CD - xxxxxx |
CD from Ref provided. - xxxxxx Asset 6 Provided Or Not Applicable - xxxxxx CD - xxxxxx |
xxxxxx 20:21 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000113293 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 10 | xx/xx/xxxx | Credit | Program Parameters - Guidelines Conformity | The subject loan does not
conform to program guidelines. Rental income from the departing residence was
used in the approval. Per guidelines, departing residence positive rental
income cannot be used to qualify. There is an exception in the loan file, but
the approval was subject to a letter of explanation from the borrowers
stating they have recently moved and will soon place a tenant in the property
and that the subject property is the primary residence and will be moving
forward. This letter of explanation is located in the loan file, but the
exception is cut off. Please provide the approved exception with legible
comments along with the income calculator, and final 1008 showing the rental
income. |
exception - xxxxxx |
Exception provided
for: Exception approved in Expanded
Prime+ to allow market rents for departing residence offset. Conditioned for
LOE from borrower stating that they have recently moved from xxxxxx and are
soon to be placing a tenant in that property and that xxxxxx is their primary
residence and will be moving forward. No additional exceptions and loan
subject to final review. LOE from Borrower is located in the loan file. - xxxxxx exception - xxxxxx |
Comp factors: LTV <50% on R&T refi Reserves >12 months credit score >710 Residual income must meet or exceed. | xxxxxx 20:38 | Waived | 3 | 2 | 3 | 2 | |
| 4000113293 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 10 | xx/xx/xxxx | Credit | Program Parameters - Property Type | The subject loan does not
meet program parameters for property type. Please provide the colored copy of
the appraisal |
colored appraisal -
xxxxxx |
Full color appraisal
provided. - xxxxxx colored appraisal - xxxxxx |
xxxxxx 19:41 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000113293 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 6 of 10 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. The following liabilities have been excluded from the DTI:
xxxxxx- xxxxxx/month; xxxxxx - xxxxxx/month; and xxxxxx-$xxxxxx. Please
provide documentation to support the ommission of these debts |
CD - xxxxxx |
CD from Simultaneous
refinance provided. Condition
resolved. - xxxxxx CD - xxxxxx |
xxxxxx 20:05 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000113293 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 7 of 10 | xx/xx/xxxx | Compliance | NJ Fee Not Allowed- Underwriting Fee (Fee ID: 8) | We are not charging an
Underwriter Fee - xxxxxx |
Allowed on Non QM Primary
Residence. - xxxxxx Allowed on Non QM Primary Residence. - xxxxxx We are not charging an Underwriter Fee - xxxxxx |
xxxxxx 15:27 | Void | 3 | 2 | |||||
| 4000113293 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 8 of 10 | xx/xx/xxxx | Compliance | NJ Fee Not Allowed- Appraisal Reinspection (Fee ID: 998) | Allowed on Non QM Primary
Residence. - xxxxxx |
Allowed on Non QM Primary
Residence. - xxxxxx Allowed on Non QM Primary Residence. - xxxxxx Allowed on Non QM Primary Residence. - xxxxxx |
xxxxxx 15:26 | Void | 3 | 2 | |||||
| 4000113293 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 9 of 10 | xx/xx/xxxx | Compliance | NJ Fee Not Allowed- Tax Transcript (Fee ID: 998) | allowed on non qm primary
residence - xxxxxx |
Allowed on Non QM Primary
Residence. - xxxxxx Allowed on Non QM Primary Residence. - xxxxxx allowed on non qm primary residence - xxxxxx |
xxxxxx 15:27 | Void | 3 | 2 | |||||
| 4000113293 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 10 of 10 | xx/xx/xxxx | Compliance | NJ Fee Not Allowed- Appraisal Desk Review Fee (Fee ID: 135) | allowed on qm primary
residence - xxxxxx |
Allowed on Non QM Primary
Residence. - xxxxxx Allowed on Non QM Primary Residence. - xxxxxx allowed on qm primary residence - xxxxxx |
xxxxxx 15:27 | Void | 3 | 2 | |||||
| 4000113317 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Property is Lease Hold | Property rights are
leasehold. Lender to provide the ground lease for the subject property to
verify the length of the lease. |
Attached - xxxxxx This is a leasehold. If we provide a new Aus and appraisal will xxxxxx accept if leaseholds are ineligible? I reviewed the xxxxxx Bay Investor PLUS guidelines and cannot locate where it says leaseholds are ineligible. Is this something you recently updated? - xxxxxx Attached - xxxxxx |
Updated Appraisal and AUS
were provided. Condition resolved. - xxxxxx Attached - xxxxxx Provide a corrected Appraisal and AUS showing subject as Leasehold. - xxxxxx This is a leasehold. If we provide a new Aus and appraisal will xxxxxx accept if leaseholds are ineligible? I reviewed the xxxxxx Bay Investor PLUS guidelines and cannot locate where it says leaseholds are ineligible. Is this something you recently updated? - xxxxxx Condition upheld. Leasehold properties are ineligible per xxxxxx Agency Guidelines. Appraiser states Fee Simple, Title states Leasehold, Condo Questionnaire states Ground Lease, AUS (DU) does not state the property is Leasehold. It appears the property is leasehold. Provide corrected Appraisal, and updated AUS (DU) with property as Leasehold. An exception from xxxxxx may be required. - xxxxxx Attached - xxxxxx |
xxxxxx 17:24 | Resolved | 1 | 1 | 4 | 1 | ||
| 4000113317 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 22:50 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000113317 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | Condo - Documentation | The loan file did not
contain required condo documentation (ie. Master HOI, Condo Questionnaire,
Condo Budget, Project Review). Please provide the condo questionnaire for the
subject property |
Condo questionnaire is
datedxxxxxxPlease review again. -
xxxxxx Attached - xxxxxx The appraisal notes the stuff for the condo in total. The condo association completed this for the subject phase, not the entire condo - xxxxxx Attached - xxxxxx |
Corrected Condo
Questionnaire was provided. Condition
resolved. - xxxxxx Condo questionnaire is datedxxxxxxPlease review again. - xxxxxx Condo questionnaire is signed and datedxxxxxx, please provide updated questionnaire. - xxxxxx Attached - xxxxxx Condition upheld. Provide an updated Condo Questionnaire dated this year 2026. - xxxxxx The appraisal notes the stuff for the condo in total. The condo association completed this for the subject phase, not the entire condo - xxxxxx Condition upheld. Provide corrected documents (Condo Questionnaire, Appraisal) Questionnaire states 40 units, Appraisal states xxxxxx, year built xxxxxx vs xxxxxx, Primary occupancy owner vs second. Condo questionnaire is datedxxxxxx - xxxxxx Attached - xxxxxx |
xxxxxx 16:24 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000113317 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 4 | xx/xx/xxxx | Property | Appraisal is Missing | The file is missing the
appraisal. Please provide the appraisal for the subject property |
Attached - xxxxxx |
Appraisal is Present or is
Waived - xxxxxx Appraisal provided, condition resolved. - xxxxxx Attached - xxxxxx |
xxxxxx 16:23 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000113325 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 20:15 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113325 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 20:16 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113325 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 20:16 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113329 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Borrower 1 Paystubs Less Than 1 Month Provided | Borrower 1 Paystubs: Less
than 1 month provided in the file. The loan file contains the Borrower's
paystub covering xxxxxx to xxxxxx, or 2 weeks, when YTD paystub covering
1-month was required by the lender's guidelines. |
LOE uw response - xxxxxx |
Previous year W2 in
file. Condition voided. - xxxxxx LOE uw response - xxxxxx |
xxxxxx 21:22 | Void | 3 | 3 | 1 | |||
| 4000113329 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with a risk score of 1.0 and LCA with risk score
of 2.5 which meets the lender's requirements of one with risk score of 2.5 or
less. |
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with a risk score of 1.0 and LCA with risk score
of 2.5 which meets the lender's requirements of one with risk score of 2.5 or
less. - xxxxxx |
xxxxxx 16:25 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113329 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 16:25 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113341 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 00:31 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113341 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 00:31 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113341 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Lender to provide xxxxxx lock confirmation missing from the loan file.
|
lock confirmation - xxxxxx |
Investor Lock
provided. Condition resolved. -
xxxxxx lock confirmation - xxxxxx |
xxxxxx 21:30 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113350 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | HO6 Insurance Policy Effective Date is after the Note Date | HO-6 insurance policy
effective date is after the Note date. Per the final CD loan did not disburse
untilxxxxxxTherefore, the policy dates are valid |
As per our Funding Manager
this is a CA FILE and we go by funded date - xxxxxx loe funder rebuttal - xxxxxx can you please confirm exactly what document need to provide - xxxxxx |
Note date:xxxxxx, Closing
Date:xxxxxx, Disbursement Datexxxxxx HOI Policy isxxxxxx toxxxxxx. Condition resolved. - xxxxxx As per our Funding Manager this is a CA FILE and we go by funded date - xxxxxx Condition upheld. Per the Final CD in file datedxxxxxx: Closing Date isxxxxxx, Disbursement Date isxxxxxx, prepaid Interest is fromxxxxxx -xxxxxx. - xxxxxx loe funder rebuttal - xxxxxx can you please confirm exactly what document need to provide - xxxxxx |
xxxxxx 21:51 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113350 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Other Property Insurance Policy Effective Date is after the Note Date | Property insurance policy
effective date is after the Note Date. Per the final CD loan did not disburse
untilxxxxxxTherefore, the policy dates are valid |
As per our Funding Manager
this is a CA FILE and we go by funded date - xxxxxx rebuttal - xxxxxx can you please confirm exactly what document need to provide - xxxxxx |
Note date:xxxxxx, Closing
Date:xxxxxx, Disbursement Datexxxxxx HOI Policy isxxxxxx toxxxxxx. Condition resolved. - xxxxxx As per our Funding Manager this is a CA FILE and we go by funded date - xxxxxx Condition upheld. Per the Final CD in file datedxxxxxx: Closing Date isxxxxxx, Disbursement Date isxxxxxx, prepaid Interest is fromxxxxxx -xxxxxx. - xxxxxx rebuttal - xxxxxx can you please confirm exactly what document need to provide - xxxxxx |
xxxxxx 21:53 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113350 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 19:08 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113350 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 19:08 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113379 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 19:56 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113379 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 19:57 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113379 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 19:58 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113406 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 2 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 22:55 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000113406 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 2 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 22:55 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000113419 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 6 | xx/xx/xxxx | Property | Loan Purpose is Purchase but Purchase Contract Doc is Missing | Loan purpose is purchase
and valuation type of purchase contract has not been selected. Provide all
pages of fully executed contract to this transaction. |
See attached Contract - xxxxxx |
Sales Contract
provided. Condition resolved. -
xxxxxx Purchase Contract Doc is not Missing, or is Not Applicable. - xxxxxx See attached Contract - xxxxxx |
xxxxxx 19:25 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000113419 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 6 | xx/xx/xxxx | Credit | OFAC Check Not Completed and/or Cleared | OFAC check not completed
and/or cleared. Evidence that all transaction parties were screened and
cleared against the SDN (Specially Designated Nationals) list. |
See attached Fraud
Report - xxxxxx |
OFAC Check Completed and
Cleared - xxxxxx See attached Fraud Report - xxxxxx |
xxxxxx 19:31 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000113419 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 6 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. Missing third party fraud report showing no red flags for identity
theft, undisclosed liabilities, or occupancy fraud. |
See attached Fraud
Report. - xxxxxx |
Fraud Report provided. Condition resolved. - xxxxxx Third party fraud report is provided - xxxxxx See attached Fraud Report. - xxxxxx |
xxxxxx 19:30 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000113419 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 6 | xx/xx/xxxx | Credit | Other Credit Finding | The file is missing the
xxxxxxF Lock Confirmation required to validate program eligibility and
pricing for this transaction. |
See attached - xxxxxx |
Investor Lock
provided. Condition resolved. -
xxxxxx See attached - xxxxxx |
xxxxxx 19:32 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000113419 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 6 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 19:44 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000113419 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 6 of 6 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. The LCA report in the file
did not return a score, missing a secondary valuation product to support the
origination value. |
See attached desk
review - xxxxxx |
CDA supporting value was
provided. Condition resolved. - xxxxxx See attached desk review - xxxxxx |
xxxxxx 19:20 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000113420 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:28 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113420 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:29 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113420 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:29 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113451 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Fraud Report Shows Uncleared Alerts | Fraud Report shows
uncleared alerts. The FraudGuard report dated xxxxxxhows several uncleared
variances on pages 2 & 3. Please provide the updated report showing the
high alerts cleared along with documentation used to clear those alerts |
fraudguard - xxxxxx |
Cleared Fraud Report
provided. Condition resolved. - xxxxxx All Fraud Report Alerts have been cleared or None Exist - xxxxxx fraudguard - xxxxxx |
xxxxxx 18:31 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113451 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 19:58 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113451 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 19:59 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113451 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Cash Out Does Not Meet Guideline Requirements | Cash out does not meet
guideline requirements. Per guidelines, At least one borrower must have been
on title for at least for six months prior to the disbursement date of the
new loan on a cashout refinance. The borrower purchased the property xxxxxx,
which is only 5 months. |
DELAYED FINANCING - xxxxxx |
Subject Transaction is
delayed financing. Condition resolved.
- xxxxxx Cash Out Meets Guideline Requirements - xxxxxx DELAYED FINANCING - xxxxxx |
xxxxxx 18:39 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113496 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:16 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113496 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:15 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113496 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:15 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113500 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 21:22 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113500 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Field Review Supports Value within 10% | A Retro-Field Review was
performed. The original appraised value is supported with a variance within
10%. |
A Retro-Field Review was
performed. The original appraised value is supported with a variance within
10%. - xxxxxx |
xxxxxx 21:23 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113500 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 21:22 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113511 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Audited CLTV Exceeds Guideline CLTV | Audited CLTV exceeds
guideline CLTV. Max LTV for DSCR >=0.75 on a Rate/Term Refi per the APM
DSCR Matrix is 70% vs. the actual LTV of 72.46%. duplicate |
Audited CLTV of 72.46% is
less than or equal to Guideline CLTV of 75% - xxxxxx |
xxxxxx 17:32 | Resolved | 1 | 1 | 3 | 1 | |||
| 4000113511 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 5 | xx/xx/xxxx | Credit | Audited HCLTV Exceeds Guideline HCLTV | Audited HLTV exceeds
guideline HCLTV. Max LTV for DSCR >=0.75 on a Rate/Term Refi per the APM
DSCR Matrix is 70% vs. the actual LTV of 72.46%. duplicate |
Audited HLTV of 72.46% is
less than or equal to Guideline HCLTV of 75% - xxxxxx |
xxxxxx 17:32 | Resolved | 1 | 1 | 3 | 1 | |||
| 4000113511 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 5 | xx/xx/xxxx | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds
guideline LTV. Per guidelines, the maximum allowable LTV for a Rate/Term
Refinance with a DSCR ≥ 0.75 is 70%. The subject loan reflects an LTV
of 72.46%, which exceeds the permitted threshold. |
Audited LTV of 72.46% is
less than or equal to Guideline LTV of 75% - xxxxxx |
xxxxxx 17:32 | Resolved | 3 | 1 | 3 | 1 | |||
| 4000113511 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 5 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 21:35 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113511 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 21:34 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113517 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 19:25 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113517 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 19:24 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113517 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 19:24 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113519 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 7 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
Set in error. - xxxxxx The loan meets all applicable credit guidelines. - xxxxxx |
xxxxxx 23:58 | Void | 1 | 4 | 1 | ||||
| 4000113519 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 7 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
Please advise what is
needed to clear this condition, since condition does state satisfied. Thank y
ou - xxxxxx |
Condition set in error. -
xxxxxx Please advise what is needed to clear this condition, since condition does state satisfied. Thank y ou - xxxxxx |
xxxxxx 14:37 | Void | 1 | 4 | 1 | |||
| 4000113519 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 7 | xx/xx/xxxx | Compliance | Right to Rescind - ROR - Non-Borrower/Missing | Non-borrower title holder
did not receive Right of Rescission form. |
ROR - xxxxxx |
Receive RTC for both
borrower and non-borrower - xxxxxx ROR - xxxxxx |
xxxxxx 15:47 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000113519 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 7 | xx/xx/xxxx | Compliance | Missing Doc - ROR/Missing | Right of Rescission is
missing. The Right of Recission is missing for both Hanh and Danny. |
ROR - xxxxxx |
Receive RTC for both
borrower and non-borrower - xxxxxx ROR - xxxxxx |
xxxxxx 15:47 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000113519 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 7 | xx/xx/xxxx | Compliance | Charges That Cannot Increase Test (50001251) | 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: Points - Loan
Discount 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 discount points increased without a
valid change in circumstance present.
|
COC LE 1/28: The point
amount increase is due to the loan amount increase. - xxxxxx |
Received CIC for increased
fee - xxxxxx - xxxxxx COC LE 1/28: The point amount increase is due to the loan amount increase. - xxxxxx |
xxxxxx 15:52 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000113519 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 6 of 7 | xx/xx/xxxx | Compliance | Insufficient Change of Circumstance (50001252) | 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: Points - Loan Discount 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)). |
LE COC provided with
previous condition: The point amount increase is due to the loan amount
increase - xxxxxx |
Received CIC for increased
fee - xxxxxx - xxxxxx LE COC provided with previous condition: The point amount increase is due to the loan amount increase - xxxxxx |
xxxxxx 15:53 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000113519 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 7 of 7 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Per the HOA statement, there is a mortgage with xxxxxx associated with the property located
atxxxxxx. Please provide the mortgage statement for this property |
xxxxxx mortgage was paid
off in 03/2017. Please see attached full recon & credit report showing
paid & closed - xxxxxx |
Evidence of pay-off was
provided. - xxxxxx xxxxxx mortgage was paid off in 03/2017. Please see attached full recon & credit report showing paid & closed - xxxxxx |
xxxxxx 14:07 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000113564 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 4 | xx/xx/xxxx | Compliance | NJ Fee Not Allowed- Transaction Management (Fee ID: 998) | Section 3:1-16.2 of the New
Jersey Mortgage Loans, Fees, xxxxxxligations Provisions (N.J.A.C. 3:1-16.2)
does not allow Transaction Management (Fee ID: 998) to be charged to the
Borrower in NJ. . |
See attached UPS, refund,
and PCCD - xxxxxx |
See attached UPS, refund,
and PCCD - xxxxxx |
xxxxxx 16:36 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113564 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | NJ Fee Not Allowed- Appraisal Desk Review Fee (Fee ID: 135) | Section 3:1-16.2 of the New
Jersey Mortgage Loans, Fees, xxxxxxligations Provisions (N.J.A.C. 3:1-16.2)
does not allow Appraisal Desk Review Fee (Fee ID: 135) to be charged to the
Borrower in NJ. |
See attached UPS, check,
and PCCD sent to borrower - xxxxxx |
See attached UPS, check,
and PCCD sent to borrower - xxxxxx |
xxxxxx 16:37 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113564 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 02:40 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000113564 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 02:40 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000113582 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 22:04 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000113582 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 22:04 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000113582 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. I was unable to locate proof of the rate lock. |
LOCK - xxxxxx Lock - xxxxxx |
Document Uploaded. Rate
Lock Provided - xxxxxx LOCK - xxxxxx Condition upheld. Provide Investor Lock. Lock between Lower and xxxxxx. - xxxxxx Lock - xxxxxx |
xxxxxx 17:40 | Cleared | 3 | 1 | 3 | 1 | ||
| 4000113606 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 00:20 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000113606 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | Corporation/LLC: Operating Agreement Doc is Missing | The loan file does not
contain the Corporation/LLC: Operating Agreement. The loans was approved
using assets from xxxxxx andxxxxxx. Documentation showing the borrower's
ownership percentage in these businesses is missing from the loan file. |
See attached from CPA - xxxxxx |
CPA letter provided.
Condition resolved. - xxxxxx See attached from CPA - xxxxxx |
xxxxxx 16:36 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113606 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. |
Our locks are always
provided . - xxxxxx |
Rate Lock provided. -
xxxxxx Evidence of Rate Lock Provided - xxxxxx Our locks are always provided . - xxxxxx |
xxxxxx 17:00 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113609 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 22:41 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113609 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 22:42 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113609 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds
guideline LTV. The subject property is being purchased as a second home and
is in a rural location. Per guidelines, rural properties are allowed with a
maximum LTV of 70% for second homes. |
Audited LTV of 80% is less
than or equal to Guideline LTV of 80%, updated guidelines provided, no longer
an adjustment for rural properties. - xxxxxx |
xxxxxx 14:22 | Resolved | 3 | 1 | 3 | 1 | |||
| 4000113626 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 23:09 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113626 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Missing Business Purpose Affidavit | File is missing statement
of business purpose. Missing Business Purpose Affidavit |
The borrower is currently
out of the country. We would like to confirm if this affidavit can be signed
via DocuSign and notarized remotely.Please advise - xxxxxx |
Full compliance testing was
completed, no adverse results noted, condition resolved. - xxxxxx Disclosure was required to be signed prior to closing, condition remains. - xxxxxx The borrower is currently out of the country. We would like to confirm if this affidavit can be signed via DocuSign and notarized remotely.Please advise - xxxxxx |
xxxxxx 18:34 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113626 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
Compliance tested. -
xxxxxx DSCR / Business Purpose loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:34 | Void | 1 | 3 | 1 | ||||
| 4000113626 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
No compliance findings
noted. - xxxxxx No compliance findings noted. - xxxxxx |
xxxxxx 18:35 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113667 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 14:33 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113667 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 14:33 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113667 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Missing Homeowner's Association Questionnaire | HOA questionnaire provided
is not on xxxxxx Bay Financial form as referenced in the guidelines. |
FNMA questionnaire is
acceptable, condition resolved. -
xxxxxx |
xxxxxx 20:41 | Resolved | 3 | 1 | 3 | 1 | |||
| 4000113678 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Borrower 1 Executed 4506-T Missing | Borrower 1 Executed 4506-T
missing from the file. Lender to provide the fully executed 4506-T for both
borrowers |
4506 - xxxxxx |
4506 provided. Condition resolved. - xxxxxx Borrower 1 Executed 4506-T Provided - xxxxxx 4506 - xxxxxx |
xxxxxx 20:41 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113678 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:15 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000113678 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 18:15 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000113687 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CDA with Moderate Risk and CDA to Appraisal value of
$xxxxxx with a 0.00% variance which meets the lender's guidelines. |
xxxxxx 17:43 | Cleared | 1 | 1 | 3 | 2 | ||||
| 4000113687 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 17:43 | Cleared | 1 | 1 | 3 | 2 | ||||
| 4000113687 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | Income - Guideline Requirements | The income documents
provided in the loan file did not meet guidelines. The borrower is a
first-time investor. The loan file contains 2 months proof of rent for the
subject property when 3 months are required in order to use the actual rent
($xxxxxx) vs the market rent ($xxxxxx) when calculating the DSCR. |
Two months of rent is
accepted. Please see email chain. -
xxxxxx |
Investor accepts executed
lease and one month rent/security deposit. Condition resolved. - xxxxxx Two months of rent is accepted. Please see email chain. - xxxxxx |
xxxxxx 17:51 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000113687 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Eligibility - Investor Experience | The borrower(s) investor
experience does not meet guideline requirements. Blanket exception waiver for
investor property first time buyer. |
a FICO greater than 700 and there is no other exceptions in the file | xxxxxx 17:41 | Waived | 2 | 2 | 3 | 2 | |||
| 4000113691 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Program Parameters - Guidelines Conformity | The subject loan does not
conform to program guidelines. A 12 month housing history is required. The
verification of mortgage for the property at xxxxxx has been completed by a
private party. Per guidelines, private party VORs / VOMs may be considered on
a xxxxxxse basis and will require an investor exception approval. A formal
exception is located in the loan file.
|
Strong FICO. Low LTV | xxxxxx 23:52 | Waived | 2 | 2 | 3 | 2 | |||
| 4000113691 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 5 | xx/xx/xxxx | Credit | Corporation/LLC: EIN Doc is Missing | The loan file does not
contain the Coporation/LLC: EIN documentation. Per the Note, the loan is
vested in xxxxxx. Per the letter in
file, the borrowers do not have an EIN for the business. Per guidelines, Tax
Identification Number is required. Escalated to Investor, Pending
response. Condition on hold. |
EIN does not exist. See
attached explanation and CPA letter. - xxxxxx |
Document Uploaded. - xxxxxx Document Uploaded. - xxxxxx Investor states using SSN is acceptable. - xxxxxx EIN does not exist. See attached explanation and CPA letter. - xxxxxx |
xxxxxx 17:16 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000113691 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 00:11 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000113691 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 5 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. The xxxxxx rate lock agreement is missing from the loan file. |
Document Uploaded. - xxxxxx xxxxxx rate lock - xxxxxx |
Investor lock provided from
xxxxxx. Condition resolved. -
xxxxxx Evidence of Rate Lock Provided - xxxxxx Document Uploaded. - xxxxxx xxxxxx rate lock - xxxxxx |
xxxxxx 17:34 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000113691 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 5 | xx/xx/xxxx | Credit | Verification Documentation - VOM Missing/Incomplete | The mortgage history in the
loan file was incomplete or missing. The loan file did not contain a
Verifiction of Mortgage as required. |
Please confirm what this
condition is asking for. Do we need a VOM for all investment properties owned
by the borrower? - xxxxxx |
Please confirm what this
condition is asking for. Do we need a VOM for all investment properties owned
by the borrower? - xxxxxx The mortgage history in the loan file was incomplete or missing. The loan file did not contain a Verifiction of Mortgage as required. Investor Approved Exception provided for: The guidelines state a private VOM requires an exception. The borrower owns several investment properties and one is a private note. - xxxxxx |
Exception approved for
Private VOM on non subject REO. No other exceptions allowed-loan subject
to final approval. Comp factors include Strong fico, Low LTV |
xxxxxx 13:34 | Waived | 2 | 2 | 3 | 2 | |
| 4000113700 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 6 | xx/xx/xxxx | Credit | Calculated DSCR does not meet the Minimum DSCR allowed | The Calculated DSCR of
'0.638' is less than the minimum required DSCR of'1'. The borrower is a new
investor. Per guidelines, for new investors the DSCR must be at least 1.00.
The Projected Revenue per xxxxxx calculation: ($xxxxxx) ÷ 12 = xxxxxx. The
PITI $xxxxxx, resulting in a calculated DSCR of 0.64. Per guidelines, xxxxxx
rental projections must be dated within 90 days of the note date. The xxxxxx
report provided in the loan file is not dated; therefore, compliance with the
90-day requirement cannot be verified. Pending Approved Exception. |
why are you guys not
excepting the approved exception from xxxxxx we provided? - xxxxxx no prxxxxxxlem opening - its just a regular PDF - xxxxxx see xxxxxx transaction history used for rent and dscr calc - xxxxxx |
Approved exception provided
for: allow a DSCR + to use xxxxxx in place of 1007. - xxxxxx The Calculated DSCR is equal to or greater than the minimum required DSCR, or Not Applicable - xxxxxx why are you guys not excepting the approved exception from xxxxxx we provided? - xxxxxx Provide the DSCR calculation. Auditor calculates as follows: P&I xxxxxx, Taxes xxxxxx, HOI xxxxxx total xxxxxx. Gross Rent $xxxxxx. xxxxxx / xxxxxx = 0.987. - xxxxxx no prxxxxxxlem opening - its just a regular PDF - xxxxxx Condition upheld. Doc provided will not open. - xxxxxx see xxxxxx transaction history used for rent and dscr calc - xxxxxx |
Credit Score >735, DSCR
>1.0, Reserves >145 months. |
xxxxxx 14:40 | Waived | 3 | 2 | 3 | 2 | |
| 4000113700 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 6 | xx/xx/xxxx | Credit | All Interested Parties Not Checked with Exclusionary Lists | All interested parties not
checked with exclusionary lists. The underwriter was not checked with
exclusionary lists. Also, documentation to clear high alerts on the fraud
report is missing from the loan file. |
fraud - xxxxxx |
Fraud Report provided. - xxxxxx All Interested Parties Checked against Exclusionary Lists - xxxxxx fraud - xxxxxx |
xxxxxx 17:31 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000113700 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 6 | xx/xx/xxxx | Credit | Program Parameters - Property Type | The subject loan does not
meet program parameters for property type. The subject property has a log
cabin aesthetic. Per guidelines, these style homes are accepted on a xxxxxxse
basis and will require an investor exception approval. The formal exception is
missing from the loan file. |
why are you guys not
excepting the approved exception from xxxxxx we provided? - xxxxxx Condition upheld. Exception provided is allowing to use xxxxxx. Provide the xxxxxx. - xxxxxx approved exception - xxxxxx Exception Approved - xxxxxx FYI - UW working on this exception - will upload when available - xxxxxx |
Subject does not have a
"Log Cabin Aesthetic" It is wood siding. However an Approved
exception is in file to allow a DSCR + to use xxxxxx in place of 1007. - xxxxxx why are you guys not excepting the approved exception from xxxxxx we provided? - xxxxxx Exception provided, however DSCR calc does not meet the 1.0 required. Provide DSCR Calc. Auditor calculates as follows: P&I xxxxxx, Taxes xxxxxx, HOI xxxxxx total $xxxxxx. Gross Rent $xxxxxx. xxxxxx /xxxxxx = 0.987. - xxxxxx Condition upheld. Exception provided is allowing to use xxxxxx. Provide the xxxxxx - xxxxxx Condition upheld. Exception provided is allowing to use xxxxxx. Provide the xxxxxx. - xxxxxx approved exception - xxxxxx Condition upheld. Please provide approved exception. - xxxxxx Exception Approved - xxxxxx Upheld. Waiting for exception. - xxxxxx FYI - UW working on this exception - will upload when available - xxxxxx |
Credit Score >735, DSCR >1.0, Reserves >145 months. | xxxxxx 14:36 | Waived | 3 | 2 | 3 | 2 | |
| 4000113700 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 6 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 00:36 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000113700 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 6 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 00:35 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000113700 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 6 of 6 | xx/xx/xxxx | Credit | Income - Comparable Rent Schedule Form 1007 Missing | The loan file did not
contain the comparable rent schedule form 1007 as required. Please provide
the 1007 for the subject property Pending Approved Exception. |
why are you guys not
excepting the approved exception from xxxxxx we provided? - xxxxxx here it is again - its just a PDF - xxxxxx see xxxxxx transaction history used for rent and dscr calc - xxxxxx |
Approved exception provided
for: allow a DSCR + to use xxxxxx in place of 1007. - xxxxxx why are you guys not excepting the approved exception from xxxxxx we provided? - xxxxxx Exception provided, however DSCR calc does not meet the 1.0 required. Provide DSCR Calc. Auditor calculates as follows: P&I xxxxxx, Taxes xxxxxx, HOI xxxxxx total $xxxxxx. Gross Rent $xxxxxx. xxxxxx / xxxxxx = 0.987. - xxxxxx here it is again - its just a PDF - xxxxxx Condition upheld. Doc provided will not open. - xxxxxx see xxxxxx transaction history used for rent and dscr calc - xxxxxx |
Credit Score >735, DSCR >1.0, Reserves >145 months. | xxxxxx 14:49 | Waived | 3 | 2 | 3 | 2 | |
| 4000113717 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 7 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 22:56 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113717 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 7 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 22:56 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113717 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 7 | xx/xx/xxxx | Compliance | Washington - Fees Allowed (Lender)(01/10) | The Washington Consumer
Loan Act prohibits any fee other than a Loan Origination Fee, Loan Discount,
or Commitment (Rate Lock) Fee to be paid by the Borrower to the Lender. (RCW
31.04.105(2); WAC 208-620-555; WAC 208-620-560(6)) Processing Fee $825, Tax Service
Fee $74, Underwriting Fee $900 |
PCCD - xxxxxx |
. - xxxxxx Received PCCD correcting the fees - xxxxxx Received PCCD correcting the fees - xxxxxx PCCD - xxxxxx |
xxxxxx 19:03 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113717 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 7 | xx/xx/xxxx | Compliance | Federal - Maximum Late Fee (01/14) | You submitted a late fee
amount of ($xxxxxx) and a (5.0%) Late Fee Percent. In connection with a
Federal High-Cost Mortgage any late payment charge must be specifically
permitted by the terms of the loan contract or open-end credit agreement and
may not exceed 4% of the amount of the payment past due. No such charge may
be imposed more than once for a single late payment. (12 CFR
1026.34(a)(8)(i)) Discount Points Excluded is not calculating correctly. |
. - xxxxxx - xxxxxx . - xxxxxx Voided finding, fired in error. - xxxxxx . - xxxxxx |
xxxxxx 19:03 | Void | 1 | 1 | 3 | 1 | |||
| 4000113717 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 7 | xx/xx/xxxx | Compliance | AbilityToRepay: QMPointsAndFees | The loan fees ($xxxxxx)
exceed the (QM) (Note Amount >=$xxxxxx) fee limit, which is 3% of the
Total Loan Amount ($xxxxxx, the difference is ($xxxxxx). (12 CFR
1026.43(e)(3). Loan is Non-QM. |
The loan fees ($xxxxxx)
exceed the (QM) (Note Amount >=$xxxxxx) fee limit, which is 3% of the
Total Loan Amount ($xxxxxx, the difference is ($xxxxxx). (12 CFR
1026.43(e)(3). - xxxxxx Voided finding, fired in error. - xxxxxx |
xxxxxx 19:03 | Void | 1 | 1 | 3 | 1 | |||
| 4000113717 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 6 of 7 | xx/xx/xxxx | Compliance | Federal - Section 32 Disclosure Required (High Cost) | This is a Federal High Cost
Loan. Since the loan file does not contain a Section 32 Sign Date, the System
assumes the creditor did not furnish the Federal High Cost Section 32
disclosures at least 3 business days prior to consummation, in violation of
Reg Z. (12 CFR 1026.31(c) and 1026.32(c)) Discount Points Excluded is not
calculating correctly. |
. - xxxxxx - xxxxxx . - xxxxxx Voided finding, fired in error. - xxxxxx . - xxxxxx |
xxxxxx 19:03 | Void | 1 | 1 | 3 | 1 | |||
| 4000113717 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 7 of 7 | xx/xx/xxxx | Compliance | HighCost: APR/FEES | The loan fees ($xxxxxx)
exceed the (FED2014) (Note Amount >=$xxxxxx) fee limit, which is 5% of the
Total Loan Amount ($xxxxxx), the difference is ($xxxxxx). (12 CFR 1026.32).
Discount Points Excluded is not calculating correctly. Undiscounted rate was
not located in the file, and unable to determine if any of the discount
points were bona fide and therefore should be excluded from the high cost
testing. Please provide undiscounted
rate and/or confirmation of bona fide points.
Undiscounted rate was not located in the file, and unable to determine
if any of the discount points were bona fide and therefore should be excluded
from the high cost testing. Please provide undiscounted rate and/or
confirmation of bona fide points. |
undiscounted rate -
xxxxxx |
Received undiscouted rate
which confirms 2 discount points are bona fide and should be excluded from HC
testing. Up to 2 bona fide discount
points may be excluded if the interest rate from which the mortgage's interest
rate will be discounted does not exceed the APOR + 1. Undiscounted rate of 6.5% does not exceed
APOR rate of 6.14 + 1 = 7.14%. Our
compliance report is failing to exclude these points. Confirmed loan is not High Cost. finding resolved. - xxxxxx undiscounted rate - xxxxxx |
xxxxxx 16:49 | Resolved | 1 | 1 | 3 | 1 | ||
| 4000113726 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 00:44 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113726 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 00:44 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113726 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 00:43 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113728 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 7 | xx/xx/xxxx | Credit | Borrower 1 Executed 4506-T Missing | Borrower 1 Executed 4506-T
missing from the file. The 4506-C could not be found in the loan documents.
|
4506 - xxxxxx |
Borrower 1 Executed 4506-T
Provided - xxxxxx Borrower 1 Executed 4506-T Provided. Condition resolved. - xxxxxx 4506 - xxxxxx |
xxxxxx 22:20 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000113728 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 7 | xx/xx/xxxx | Credit | Borrower 2 Executed 4506-T Missing | Borrower 2 Executed 4506-T
missing from the file. The 4506-C could not be found in the loan documents.
|
4506 - xxxxxx |
Borrower 2 Executed 4506-T
Provided or Not Applicable (Number of Borrowers equals 2) - xxxxxx Borrower 2 Executed 4506-T Provided. Condition resolved. - xxxxxx 4506 - xxxxxx |
xxxxxx 22:20 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000113728 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 7 | xx/xx/xxxx | Credit | Flood Certificate Missing | Missing flood certificate.
The flood cert for the subject property is located in the loan file, but the
Life of Loan Certification was not.
|
FLOOD CERT - xxxxxx |
Flood cert provided.
Condition resolved. - xxxxxx Flood Certificate is fully present - xxxxxx FLOOD CERT - xxxxxx |
xxxxxx 16:13 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000113728 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 7 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Validation confirming whether the following properties are
subject to an HOA was not found in the loan documentation: xxxxxx, xxxxxx,
and xxxxxx. Additionally, the property located at xxxxxx was recently
refinanced. Please provide the first payment letter or other supporting
documentation to verify the monthly payment amount of $xxxxxx. |
Attached are the copies of
the Note, hazard insurance, and tax bill for xxxxxx and xxxxxx. These
properties do not have an HOA. - xxxxxx |
All REO documents were
provided. Condition resolved. -
xxxxxx Attached are the copies of the Note, hazard insurance, and tax bill for xxxxxx and xxxxxx. These properties do not have an HOA. - xxxxxx |
xxxxxx 18:22 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000113728 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 7 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 23:09 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000113728 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 6 of 7 | xx/xx/xxxx | Credit | Hazard Insurance - Other Insurance Missing | The policy verifying other
property insurance is missing from the loan file. The insurance for xxxxxx
could not be found in the loan documents. |
xxxxxx_HAZARD INSURANCE -
xxxxxx |
HOI for REO provided. Condition resolved. - xxxxxx xxxxxx_HAZARD INSURANCE - xxxxxx |
xxxxxx 18:30 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000113728 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 7 of 7 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 23:09 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000113741 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 21:03 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000113741 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 21:03 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000113741 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | Corporation/LLC: Certificate of Good Standing Doc is Missing | The loan file does not
contain the Corporation/LLC: Certificate of Good Standing. Please provide the
Certificate of Good Standing forxxxxxx that is dated within 30 days of
closing. |
Per our underwriter the
xxxxxx is valid for 90 days. - xxxxxx
OPERATING AGREEMENT LLC - xxxxxx |
Condition resolved. -
xxxxxx Per our underwriter the xxxxxx is valid for 90 days. - xxxxxx Condition upheld. Per Guidelines: Certificate of Good Standing – Must be dated within 30 days of closing - xxxxxx OPERATING AGREEMENT LLC - xxxxxx |
xxxxxx 17:32 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113741 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Final Settlement Statement Missing. | The final Settlement
Statement document is missing. Please provide the final settlement statement
for the subject property |
Final ss signed - xxxxxx
FINAL SS - xxxxxx GFE - xxxxxx |
Final Settlement Statement
provided. Condition resolved. -
xxxxxx Final HUD-1 Document is not missing or estimated only. - xxxxxx Final ss signed - xxxxxx Condition upheld. Provide the executed copy of the Final Settlement Statement. - xxxxxx FINAL SS - xxxxxx Condition upheld. Provide the Final Signed HUD-1, Settlement Statement, or CD. - xxxxxx GFE - xxxxxx |
xxxxxx 21:06 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113752 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with risk score of 1 and LCA with risk score of
2.5 which meets the lender's guidelines.
|
The loan file contains a CU
with risk score of 1 and LCA with risk score of 2.5 which meets the lender's
guidelines. - xxxxxx |
xxxxxx 18:33 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113752 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 5 | xx/xx/xxxx | Credit | Purchase Contract - Addendum Missing | The Purchase Contract
Addendum is missing. Missing addendum extending the closing date from xxxxxx
to the date of the Note on xxxxxx (120 days from the execution date of the
sales contract is xxxxxx + 120 days = xxxxxx). |
memo - xxxxxx |
Condition set in
error. NY property language states
within 120 days. - xxxxxx memo - xxxxxx |
xxxxxx 20:39 | Void | 2 | 3 | 1 | |||
| 4000113752 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 5 | xx/xx/xxxx | Credit | Hazard Insurance Policy is Partial | Hazard insurance policy
partially provided. Missing the final hazard insurance policy. The loan file
contains the insurance binder but is missing the final policy. |
dec page - xxxxxx |
HOI Policy provided. Condition resolved. - xxxxxx Hazard Insurance Policy is fully present - xxxxxx dec page - xxxxxx |
xxxxxx 20:36 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113752 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 5 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 18:33 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113752 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 5 | xx/xx/xxxx | Credit | Asset 3 Less Than 2 Months Verified | Asset has less than 2
months verified in file. |
memo - xxxxxx |
Condition set in error. -
xxxxxx memo - xxxxxx |
xxxxxx 21:04 | Void | 3 | 3 | 1 | |||
| 4000113754 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 2 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:05 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000113754 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 2 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 18:05 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000113756 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 20:28 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113756 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 20:29 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113756 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 20:29 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113762 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 03:39 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000113762 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Validation is needed to confirm whether the properties located at
xxxxxx, xxxxxxe, and xxxxxx are subject to an HOA. Additionally, supporting
documentation is required to verify all expenses associated with the property
located at xxxxxx, including taxes and/or HOA dues. The application reflects
total expenses of $xxxxxx; however, only the insurance documentation is
currently included in the loan file. |
confirmation regarding hoa
fee and taxes - xxxxxx |
REO Docs provided. Condition resolved. - xxxxxx confirmation regarding hoa fee and taxes - xxxxxx |
xxxxxx 18:06 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113762 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | Missing Doc - Escrow Waiver Missing | Escrow Waiver is missing.
|
n/a - xxxxxx |
Page 4 FCD. - xxxxxx n/a - xxxxxx |
xxxxxx 14:56 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113819 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. |
Fraud report - xxxxxx |
Fraud Report provided. Condition resolved. - xxxxxx Third party fraud report is provided - xxxxxx Fraud report - xxxxxx |
xxxxxx 13:18 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113819 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 17:52 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000113819 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 5 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 23:10 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000113819 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 5 | xx/xx/xxxx | Credit | Assets - Miscellaneous | The loan file does not
contain all required asset documentation. Per the DU, the loan was approved
using the xxxxxx verification report with reference number xxxxxx and
datedxxxxxx. This documentation is missing from the loan file. |
VOA - xxxxxx |
AccountChek was
provided. Condition resolved. -
xxxxxx VOA - xxxxxx |
xxxxxx 18:21 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113819 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 5 | xx/xx/xxxx | Credit | Asset 3 Less Than 2 Months Verified | Asset has less than 2
months verified in file. The AUS reflects an approved value of $xxxxxx for
the xxxxxx account ending in xxxxxx. This statement is dated xxxxxx. The
updated statement in file reflects a value of $xxxxxx. |
Updated DU - xxxxxx |
AccountChek provided. Condition resolved. - xxxxxx Updated DU - xxxxxx |
xxxxxx 18:17 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113824 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 02:44 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000113824 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 02:44 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000113824 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 02:44 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000113824 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Cash reserves less than required by guidelines | Total Cash reserves of
'$xxxxxx' are less than $xxxxxx. Total Cash reserves of '$xxxxxx are less
than $xxxxxx. |
As per our underwriter
Final funds $xxxxxx + reserves needed $xxxxxx = $xxxxxx total asset needed Our asset in file are enough to cover funds + reserves = $xxxxxx total asset in file xxxxxx#xxxxxx current balancexxxxxx LESS $xxxxxx LARGE DEP FOR xxxxxx#xxxxxx ($xxxxxx DEPOSIT ONxxxxxx$xxxxxx ON 12/30; $$xxxxxx ON 11/13; $xxxxxx ON 11/17; $xxxxxx ON 12/1; $xxxxxx ON 12/11; $xxxxxx ON 12/15) = xxxxxx - xxxxxx |
Condition set in
error. Condition resolved. - xxxxxx Total Cash reserves are greater than $xxxxxx. - xxxxxx As per our underwriter Final funds $xxxxxx + reserves needed $xxxxxx = $xxxxxx total asset needed Our asset in file are enough to cover funds + reserves = $xxxxxx total asset in file xxxxxx#xxxxxx current balancexxxxxx LESS $xxxxxx LARGE DEP FOR xxxxxx#xxxxxx ($xxxxxx DEPOSIT ONxxxxxx$xxxxxx ON 12/30; $$xxxxxx ON 11/13; $xxxxxx ON 11/17; $xxxxxx ON 12/1; $xxxxxx ON 12/11; $xxxxxx ON 12/15) = xxxxxx - xxxxxx |
xxxxxx 19:58 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113827 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 16:07 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000113827 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 16:07 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000113827 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 16:08 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000113859 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Purchase is not considered to be an Arm's Length Transaction | Non-arm's length
transactions not allowed for program. Per the lender guidelines, Non-Arm's
Length transaction is allowed. |
Set in error. - xxxxxx |
xxxxxx 18:52 | Void | 3 | 3 | 2 | ||||
| 4000113859 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Housing History Does Not Meet Guideline Requirements | Housing history does not
meet guideline requirements. Per the lender guidelines, Housing history
evidenced by twelve (12) months proof of payment via cancelled checks, bank
debits or institutional VOR and may be considered on a xxxxxxse basis and will require an investor exception approval, subject to an LLPA. The loan file contained a private VOR and the subject is an Arm's length transaction. |
we have exception
approval - xxxxxx |
Exception provided
for: Exception approved in Expanded
Prime+ for rent paid in cash. Will need a private party VOR. No additional
exceptions and loan subject to final review.
- xxxxxx we have exception approval - xxxxxx |
Comp factors: Credit score
>775DTI <40%, Reserves>10 months |
xxxxxx 18:51 | Waived | 3 | 2 | 3 | 2 | |
| 4000113859 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 23:37 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000113859 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 23:36 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000113861 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Missing evidence of xxxxxx / xxxxxx
Rate Lock. |
Lock - xxxxxx |
Investor Rate Lock
provided. Condition resolved. - xxxxxx Evidence of Rate Lock Provided - xxxxxx Lock - xxxxxx |
xxxxxx 14:58 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113861 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 15:29 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000113861 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Missing VOM or VOR | Verification of Rent
(VOR)/Verification of Mortgage (VOM) Document is Missing. Per guidelines, a
Twelve (12) months housing history is required for all occupancy types. The
verification of mortgage for the primary residence for the last 12 months is
missing from the loan file. |
Hello, The present home
address was xxxxx and a new mortgage was taken out recently. First payment
with xxxxxx was due xxxxxx- No history available. Taxes and insurance were paid timely unit
the refi cash-out in xxxxxxof xxxxxx. Please see docs attached - xxxxxx |
Condition set in
error. Primary was F&C and was
refinanced onxxxxxx. 1st payment is
not due untilxxxxxx. - xxxxxx Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - xxxxxx Hello, The present home address was F&C and a new mortgage was taken out recently. First payment with xxxxxx was due xxxxxx- No history available. Taxes and insurance were paid timely unit the refi cash-out in xxxxxx of xxxxxx. Please see docs attached - xxxxxx |
xxxxxx 14:55 | Void | 3 | 3 | 1 | |||
| 4000113982 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 00:18 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113982 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 00:19 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113982 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 00:19 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000113983 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:27 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000113983 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 18:27 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000113983 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 18:27 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000113994 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Hazard Insurance Policy is Partial | Hazard insurance policy
partially provided. The loan file contains the hazard policyI; however, the
policy did not contain rent loss coverage.
|
We aren't using any rents
to qualify so rent loss shouldn't be needed on the policy.Please revisit
this. - xxxxxx |
Agency Guidelines do not
state Rent Loss is required. Also no
rental income is being given for the subject property. Condition voided. - xxxxxx Condition set in error. Voided. - xxxxxx We aren't using any rents to qualify so rent loss shouldn't be needed on the policy.Please revisit this. - xxxxxx |
xxxxxx 15:31 | Void | 3 | 3 | 1 | |||
| 4000113994 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 5 | xx/xx/xxxx | Credit | Asset 1 Missing | Asset documentation is
missing from the file. Per the AUS the Asset verification information was
received for the borrower(s) from xxxxx with a reference number of xxxxxx.
This documentation is missing from the loan file to show assets from Chase
account ending in xxxxxx with a balance of $xxxxxx. |
See attached - xxxxxx |
VOD provided. Condition resolved. - xxxxxx Asset 1 Provided - xxxxxx See attached - xxxxxx |
xxxxxx 15:23 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113994 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 5 | xx/xx/xxxx | Credit | Asset 2 Missing | Asset documentation is
missing from the file. Per the AUS the Asset verification information was
received for the borrower(s) from AccountChek by IR with a reference number
ofxxxxx. This documentation is missing from the loan file to show assets from
xxxxxx account ending in xxxxxx with a balance of $xxxxxx. |
See attached - xxxxxx |
VOD provided. Condition resolved. - xxxxxx Asset 2 Provided Or Not Applicable - xxxxxx See attached - xxxxxx |
xxxxxx 15:22 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000113994 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 5 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 16:17 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000113994 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 5 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. |
AVM - xxxxxx |
Desk review provided,
condition resolved. - xxxxxx AVM - xxxxxx |
xxxxxx 17:30 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114004 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 21:12 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000114004 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 21:10 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000114004 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 21:10 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000114008 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 6 | xx/xx/xxxx | Credit | Business Purpose - Loan Guaranty/Missing | The Personal Loan Guaranty
is missing. Please provide the personal guaranty for xxxxxx |
Business Purpose &
Occupancy Affidavit - xxxxxx |
The Personal Loan Guaranty
is not missing. - xxxxxx Provided. Condition resolved. - xxxxxx Business Purpose & Occupancy Affidavit - xxxxxx |
xxxxxx 20:15 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000114008 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 6 | xx/xx/xxxx | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain
the Approval/Underwriting Summary. The 1008 is missing from file |
1008 - xxxxxx |
1008 provided. Condition resolved. - xxxxxx Approval/Underwriting Summary is fully present - xxxxxx 1008 - xxxxxx |
xxxxxx 19:22 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000114008 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 6 | xx/xx/xxxx | Credit | Corporation/LLC: Certificate of Good Standing Doc is Missing | The loan file does not
contain the Corporation/LLC: Certificate of Good Standing. The Certificate of
Good Standing provided is dated xxxxxx, but the Note date is xxxxxx. Per
guidelines, the Certificate of Good Standing must be dated within 30 days of
closing. Please provide the certificate that is dated within 30 days of
closing. |
Certificate of good
standing - xxxxxx |
Certificate of Good
Standing was provided. Condition
resolved. - xxxxxx Certificate of good standing - xxxxxx |
xxxxxx 19:30 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000114008 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 6 | xx/xx/xxxx | Credit | Corporation/LLC: Operating Agreement Doc is Incomplete | The Corporation/LLC:
Operating Agreement in file is incomplete. The signature page of the
Operating Agreement for JD Property Solutions is missing from the loan
file. |
signed Operating
agreement - xxxxxx Rebuttal LOX - xxxxxx |
OA Received. Condition resolved. - xxxxxx signed Operating agreement - xxxxxx Condition upheld. Executed Operating Agreement is required. - xxxxxx Rebuttal LOX - xxxxxx |
xxxxxx 14:53 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000114008 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 6 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Please provide the xxxxxx Rate Lock agreement |
Rate Lock - xxxxxx |
Document Uploaded. Investor
rate lock provided, condition resolved.
- xxxxxx Condition upheld. Provided Lock between Lower, LLC and xxxxxx. - xxxxxx Evidence of Rate Lock Provided - xxxxxx Rate Lock - xxxxxx |
xxxxxx 20:38 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000114008 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 6 of 6 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 15:25 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000114034 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:46 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000114034 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:46 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000114034 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:45 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000114038 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 23:53 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000114038 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. |
lock - xxxxxx |
Evidence of Rate Lock
Provided - xxxxxx Received rate lock - xxxxxx lock - xxxxxx |
xxxxxx 13:49 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000114038 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | TRID: Missing Loan Estimate | The initial loan estimate
is missing, upon receipt additional findings may be added. |
le ini - xxxxxx |
Received initial LE -
xxxxxx le ini - xxxxxx |
xxxxxx 13:56 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000114038 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | Missing Toolkit Disclosure/Booklet | Home Loan Toolkit is
missing from file. |
HLT - xxxxxx |
Received copy of booklet -
xxxxxx HLT - xxxxxx |
xxxxxx 17:01 | Resolved | 2 | 1 | 4 | 1 | ||
| 4000114066 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Please provide the xxxxxx lock
agreement |
Lock - xxxxxx See attached - xxxxxx |
Investor Lock
provided. Condition resolved. -
xxxxxx Evidence of Rate Lock Provided - xxxxxx Lock - xxxxxx Provide the Investor Lock Confirmation between xxxxxx and xxxxxx.xxxxxx. - xxxxxx See attached - xxxxxx |
xxxxxx 18:02 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114066 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 22:54 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000114066 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 22:53 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000114126 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 21:53 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000114126 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. The promissory Note and settlement statement has been received
for xxxxxx that was purchasedxxxxxx, but documentation supporting the payment
of $xxxxxxx is missing from the loan file. Please provide the payment letter
and proof of HOA dues. |
There is no Hoa dues -
xxxxxx |
REO Docs provided. Condition resolved. - xxxxxx There is no Hoa dues - xxxxxx |
xxxxxx 17:04 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000114126 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | Other Credit Finding | The appraisal identifies
the property as owner-occupied; however, the subject transaction is a
refinance of an investment property. Please provide an updated appraisal
reflecting the property as tenant-occupied. |
Attached - xxxxxx |
Corrected Appraisal
provided. Condition resolved. -
xxxxxx Attached - xxxxxx |
xxxxxx 16:59 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000114126 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 21:54 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000114129 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Hazard Insurance - Other Insurance Incomplete | The policy verifying other
property insurance is not complete. The hazard insurance policy in the file
does not list the lender as Mortgagee with the standard ISAOA (Interest of
the Servicer and Assignee as their Interests May Appear) clause |
HOI with MTG clause -
xxxxxx |
Corrected HOI Policy
provided. Condition resolved. - xxxxxx HOI with MTG clause - xxxxxx |
xxxxxx 17:41 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114129 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 21:28 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000114129 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 21:28 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000114141 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 4 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Please provide the xxxxxx rate lock agreement |
Rate lock - xxxxxx |
Investor Rate Lock
provided. Condition resolved. -
xxxxxx Evidence of Rate Lock Provided - xxxxxx Rate lock - xxxxxx |
xxxxxx 15:53 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114141 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Assets - Earnest Money Deposit | The earnest money deposit
was not properly documented and/or sourced. Please provide documentation of
$xxxxxx that was wired to closing. |
EMD is $xxxxxx and is
sourced. Closing funds are not required to be sourced. - xxxxxx |
Condition upheld. EMD is verified with copy of check and and
Account Statement. - xxxxxx EMD is $xxxxxx and is sourced. Closing funds are not required to be sourced. - xxxxxx |
xxxxxx 16:10 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114141 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 16:28 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000114141 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Cash reserves less than required by guidelines | Provide the source wire of
the $xxxxxx funds to close on the PCCD. |
Wire receipt attached. -
xxxxxx You have the gift letters and you have the VOA showing the gift funds deposited in the borrower's account. The borrower has enough funds to close, the wire receipt to Title is not required per the AUS. Is this an investor overlay? - xxxxxx There are $xxxxxx gift funds that were sent directly to the borrower. They show deposited in xxxxxx acct xxxxxx on xxxxxx. What else needs to be provided? - xxxxxx |
Wire for $xxxxxx funds t o
close was provided. The account used
#xxxxxx has been verified in file.
Condition resolved. - xxxxxx Total Cash reserves are greater than $xxxxxx. - xxxxxx Wire receipt attached. - xxxxxx Condition upheld. The wired funds from Borrower to Title need to be sourced and documented. Provide the wire receipt or an approved exception from xxxxxx through the Portal. - xxxxxx You have the gift letters and you have the VOA showing the gift funds deposited in the borrower's account. The borrower has enough funds to close, the wire receipt to Title is not required per the AUS. Is this an investor overlay? - xxxxxx Condition upheld. The PCCD shows Borrower's Cash to Close is $xxxxxx. It also shows an Adjustment from Title of Funds to close of $xxxxxx. Show evidence of this transfer to title. - xxxxxx There are $xxxxxx gift funds that were sent directly to the borrower. They show deposited in xxxxxx acct xxxxxx on xxxxxx. What else needs to be provided? - xxxxxx |
xxxxxx 20:13 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114150 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 17:16 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114150 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 17:16 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114150 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 17:16 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114165 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Provide documentation supporting evidence of $xxxxxx payment used
for Primary Residence:xxxxxx expenses to qualify. |
PITIA forxxxxxx is as follows: HELOC payment
$xxxxxx (1% of balance $xxxxxx) HOA $xxxxxx/annually Taxes $xxxxxx/annually
Hazard $xxxxxx/annually=$xxxxxx - xxxxxx |
REO Docs provided. Condition resolved. - xxxxxx PITIA forxxxxxx is as follows: HELOC payment $xxxxxx (1% of balance $xxxxxx) HOA $xxxxxx/annually Taxes $xxxxxx/annually Hazard $xxxxxx/annually=$xxxxxx - xxxxxx |
xxxxxx 16:25 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114165 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 15:36 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000114165 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 15:36 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000114264 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Condo - HOA Dues | The file does not contain
documentation supporting the HOA/Condo dues. Please provide a Condominium
Dues Statement or official third‑party documentation from the Condo
Association confirming the monthly dues of $xxxxxx for the subject property
located atxxxxxx, as reflected on DU and the Uniform Residential Loan
Application. |
Attached - xxxxxx |
Evidence of HOA provided. -
xxxxxx Attached - xxxxxx |
xxxxxx 03:32 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000114264 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | Missing Attorney Preference Letter | Right To Choose Attorney or
Attorney Preference not in file. |
Attached - xxxxxx |
Executed Attorney
Preference Letter provided; finding resolved - xxxxxx Attached - xxxxxx |
xxxxxx 16:54 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000114264 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Appraisal is Missing | The file is missing the
appraisal. Missing secondary valuation |
Non Agency investor/2nd homes are ineligible for
Appraisal Waiver. Agency investor or 2nd homes are eligible for the Waiver. -
xxxxxx Attached - xxxxxx |
Appraisal is Present or is
Waived - xxxxxx Agency loan allows for PIW, PIW value supported with BPO. - xxxxxx Document Uploaded. Condition upheld. Please see the attached document named 4000114264 xxxxxx will not take allow an Appraisal Waiver on an Investor/2nd Home. Provide an Approved Exception on a Full Appraisal and CDA. - xxxxxx Non Agency investor/2nd homes are ineligible for Appraisal Waiver. Agency investor or 2nd homes are eligible for the Waiver. - xxxxxx Condition upheld. Provide 1073 Appraisal. Guidelines do not allow for an Appraisal Waiver on Investor/2nd homes. - xxxxxx Attached - xxxxxx |
xxxxxx 19:52 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000114264 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. Provide 3rd party valuation
(AVM) from approved vendor per guidelines. |
BPO in file, value at
origination is supported. - xxxxxx |
xxxxxx 19:57 | Resolved | 3 | 1 | 4 | 1 | |||
| 4000114287 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CDA with Moderate Risk and a CDA Value with 0.00%
variance to the appraisal value of xxxxxx which meets the lender's guidelines. |
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 12:31 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000114287 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Borrower 1 Tax Returns Not Signed | Borrower 1 tax returns not
signed. The borrower's tax returns are no signed. The loan file contains the
required 2023/2024 1040 and 1120-S tax returns; however, the lender
guidelines require signed tax returns.
|
signed tax returns -
xxxxxx |
Signed returns
provided. Condition resolved. -
xxxxxx Borrower 1 tax returns are signed - xxxxxx signed tax returns - xxxxxx |
xxxxxx 13:25 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114287 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | Missing Business Purpose Affidavit | File is missing statement
of business purpose. |
Business Purpose
provided. Condition resolved. - xxxxxx
Business Purpose Form - xxxxxx |
Business Purpose
provided. Condition resolved. -
xxxxxx Business Purpose Form - xxxxxx |
xxxxxx 13:27 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114287 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 12:32 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000114293 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 18:06 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114293 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were
satisfied. |
xxxxxx 18:07 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114293 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 18:08 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114321 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 23:24 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000114321 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 23:25 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000114321 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | The Final 1003 is Missing | The final 1003 is missing.
Please provide the final 1003 dated xxxxxx. |
please see below: Our e-sign window on closing packages opens up 3 days prior to closing to allow the borrower to sign early. It appears there was a change on the CD and instead of sending another CD to e-sign we sent it to title for the borrower to ink sign at closing. As you can see in our package several documents were esigned with the earlier date which included our URLA. The URLA you have received is our final. Please escalate for review thank you - xxxxxx the final urla that you have dated 3/1 is the final cd. The borrowers met timing and were allowed to sign electronically early with other documents as well - xxxxxx |
Per Seller, Final URLA
dated 3/1 is the final, condition resolved - xxxxxx please see below: Our e-sign window on closing packages opens up 3 days prior to closing to allow the borrower to sign early. It appears there was a change on the CD and instead of sending another CD to e-sign we sent it to title for the borrower to ink sign at closing. As you can see in our package several documents were esigned with the earlier date which included our URLA. The URLA you have received is our final. Please escalate for review thank you - xxxxxx Condition upheld. Closing Date isxxxxxx. Note, DOT, Final CD are signed and dated by the Borrower onxxxxxx. Provided the Final 1003 (URLA) signed at closing by the Borrower. - xxxxxx the final urla that you have dated 3/1 is the final cd. The borrowers met timing and were allowed to sign electronically early with other documents as well - xxxxxx |
xxxxxx 14:41 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114322 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Hazard Insurance Policy is Missing | Missing hazard insurance
policy. Missing hazard insurance policy with Delos Space Corporation as per
the final CD with annual premium of $xxxxxx with sufficient coverage as
required per the lender's guidelines. |
See attached - xxxxxx |
HOI Policy provided. Condition resolved. - xxxxxx Hazard Insurance Policy was provided. - xxxxxx See attached - xxxxxx |
xxxxxx 19:32 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114322 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains an appraisal with a value of $xxxxxx and a 2nd
appraisal with a value of $xxxxxx which meets the lender's guidelines. Desk review and other review products are
not required for loans with two (2) appraisals. |
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains an appraisal with a value of $xxxxxx and a 2nd
appraisal with a value of $xxxxxx which meets the lender's guidelines. -
xxxxxx |
xxxxxx 18:42 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000114322 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 18:42 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000114325 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 17:54 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000114325 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 17:54 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000114325 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Missing VOM or VOR | Verification of Rent
(VOR)/Verification of Mortgage (VOM) Document is Missing. Housing history is
required for the borrower’s primary residence, as well as for the subject
property in the case of a refinance transaction. Could not locate
documentation meeting housing payment history for subject APM $xxxxxx |
See attached - xxxxxx |
Provided and resolved. -
xxxxxx Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - xxxxxx See attached - xxxxxx |
xxxxxx 20:00 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114328 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Calculated DSCR does not meet the Minimum DSCR allowed | The Calculated DSCR of
'0.959' is less than the minimum required DSCR of'1'. The Subject Property
Unit 1 Rent of $xxxxxx and Unit 2 Rent of $xxxxxx per Lease Agreements
results in total monthly rents of $xxxxxx/xxxxxx Subject Property PITIAS =
DSCR of 0.96X. |
Escalated to xxxxxxF -
xxxxxx See attached - xxxxxx |
DSCR is within guidelines.
Condition resolved per xxxxxx. - xxxxxx The Calculated DSCR is equal to or greater than the minimum required DSCR, or Not Applicable - xxxxxx Escalated to xxxxxxF - xxxxxx See attached - xxxxxx |
xxxxxx 14:40 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114328 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 22:52 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000114328 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 22:51 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000114381 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 14:24 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000114381 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 14:24 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000114381 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 14:23 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000114415 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 21:23 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114415 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 21:24 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114415 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 21:24 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114432 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Provide evidence of PITI payments for properties with new loans:
xxxxxxx and xxxxxx Provide documentation of hazard insurance and property taxes for the following properties. xxxxxx, xxxxxx and xxxxxx. The hazard insurance and property taxes from Schedule E does not match what is reflected on the 1003 that was used to qualify. |
Documents regarding other
property - xxxxxx |
REO 1st payment letters,
HOI, HOA, an Taxes were provided.
Condition resolved. - xxxxxx Documents regarding other property - xxxxxx |
xxxxxx 21:22 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114432 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 5 | xx/xx/xxxx | Credit | Liabilities - Excluded Debts | There was no explanation or
support for the omission of one or more debts from the initial application.
Provide documentation supporting evidence of omission ofxxxxxx
Acct#xxxxxx. |
Payoff - xxxxxx |
CD from REO property
refinance was provided to show account paid.
Condition resolved. - xxxxxx Payoff - xxxxxx |
xxxxxx 21:19 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114432 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 5 | xx/xx/xxxx | Credit | Hazard Insurance - Other Insurance Missing | The policy verifying other
property insurance is missing from the loan file. Provide evidence of
required Rent Loss coverage for the subject property. |
Not required on a full
document file. - xxxxxx |
xxxxxx 22:19 | Void | 3 | 3 | 1 | ||||
| 4000114432 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 5 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 15:47 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000114432 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 5 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. |
CDA - xxxxxx 3rd Party LOE - xxxxxx |
CDA supporting value was
provided. Condition resolved. -
xxxxxx CDA - xxxxxx Condition upheld. Guidelines require a third party valuation to support the value of the subject property. Appraisal is in the file, however the CDA is missing. - xxxxxx 3rd Party LOE - xxxxxx |
xxxxxx 15:54 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114451 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 23:20 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000114451 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 23:21 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000114451 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 23:21 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000114493 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 22:30 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114493 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 22:31 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114493 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 22:31 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114494 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Missing Business Purpose Affidavit | File is missing statement
of business purpose. Loan is closing in a Limited Liability Company. The
Business Purpose Affidavit in the file reflects the borrower as xxxxxx. The
Business Purpose Affidavit should properly display xxxxxx as the borrower. |
BPA - xxxxxx |
BPA in file was found. Condition resolved. - xxxxxx BPA - xxxxxx |
xxxxxx 14:28 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114494 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 17:57 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000114494 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 17:57 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000114506 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 7 | xx/xx/xxxx | Credit | Borrower 1 Business Tax Returns Less Than 24 Months Provided | Borrower 1 business tax
returns less than 24 months provided in the file. Per AUS, only 1 year is
required but per lock 2 years are required. Please provide the complete 2023
1065. |
We have an question on the
request for 24 month business and personal, this locked under the Non-Agency
Investor/2nd home, when we lock this program our only option is for “Full
Doc” (it does not distinguish between 12 and 24 months and it our understanding
we would then follow AUS for document requirements and is this case we are
only required to provide 12 months. Please clarify - xxxxxx |
This was set in error,
resolved. - xxxxxx AUS Approved 1 year income. Condition voided. - xxxxxx We have an question on the request for 24 month business and personal, this locked under the Non-Agency Investor/2nd home, when we lock this program our only option is for “Full Doc” (it does not distinguish between 12 and 24 months and it our understanding we would then follow AUS for document requirements and is this case we are only required to provide 12 months. Please clarify - xxxxxx |
xxxxxx 19:56 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114506 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 7 | xx/xx/xxxx | Credit | Borrower 1 Personal Tax Returns Less Than 24 Months Provided | Borrower 1 personal tax
returns less than 24 months provided. Per AUS, only 1 year is required but
per lock 2 years are required. Please provide the 2023 tax returns |
We have an question on the
request for 24 month business and personal, this locked under the Non-Agency
Investor/2nd home, when we lock this program our only option is for “Full
Doc” (it does not distinguish between 12 and 24 months and it our understanding
we would then follow AUS for document requirements and is this case we are
only required to provide 12 months. Please clarify - xxxxxx |
This was set in error,
resolved. - xxxxxx AUS Approved 1 year income. Condition voided. - xxxxxx We have an question on the request for 24 month business and personal, this locked under the Non-Agency Investor/2nd home, when we lock this program our only option is for “Full Doc” (it does not distinguish between 12 and 24 months and it our understanding we would then follow AUS for document requirements and is this case we are only required to provide 12 months. Please clarify - xxxxxx |
xxxxxx 19:56 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114506 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 7 | xx/xx/xxxx | Credit | Borrower 1 3rd Party VOE Prior to Close Missing | Borrower 1 3rd party VOE
prior to close missing. Please provide the verbal verification of employment
dated within 10 days of closing for xxxxxx |
see active per the Florida
Bar - xxxxxx |
VVOE provided. Condition resolved. - xxxxxx Borrower 1 3rd Party VOE prior to close was provided. - xxxxxx see active per the Florida Bar - xxxxxx |
xxxxxx 16:01 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114506 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 7 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Please provide documentation supporting the HOA for the property
located atxxxxxx for $xxxxxx/month. |
see page 14 of contract
showing HOA - xxxxxx |
HOA located in
Contract. Condition resolved. -
xxxxxx see page 14 of contract showing HOA - xxxxxx |
xxxxxx 15:48 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114506 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 5 of 7 | xx/xx/xxxx | Compliance | Assignment of Rents Doc is Missing | The loan file does not
contain the Assignment of Rents. Per the Mortgage, the Assignment of Rents
rider is required. |
We wanted to please request
further clarification on the request of the Assignment of Rents rider to
mortgage. I could not find any info in the guide detailing this requirement, also this is a 2nd home.
- xxxxxx |
This was set in error,
resolved. - xxxxxx This was set in error, voided. - xxxxxx We wanted to please request further clarification on the request of the Assignment of Rents rider to mortgage. I could not find any info in the guide detailing this requirement, also this is a 2nd home. - xxxxxx |
xxxxxx 19:55 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114506 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 6 of 7 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 23:26 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000114506 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 7 of 7 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 23:26 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000114523 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:38 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000114523 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:37 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000114523 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Please provide the xxxxxx rate lock agreement |
lock confirmation -
xxxxxx |
Investor Lock
provided. Condition resolved. -
xxxxxx Evidence of Rate Lock Provided - xxxxxx lock confirmation - xxxxxx |
xxxxxx 21:36 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114529 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Borrower 1 W2/1099 Less Than 24 Months Provided | Borrower 1 W2/1099 less
than 24 months provided. Borrower included a 24 month WVOE in the file |
Borrower has been with
current employer for over 24 months. Please specify what we need to provide
to clear this condition. - xxxxxx |
Condition set in
error. - xxxxxx Borrower has been with current employer for over 24 months. Please specify what we need to provide to clear this condition. - xxxxxx |
xxxxxx 15:37 | Void | 3 | 3 | 1 | |||
| 4000114529 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
Credit condition did fire,
set on error. - xxxxxx The loan meets all applicable credit guidelines. - xxxxxx |
xxxxxx 16:47 | Void | 1 | 3 | 1 | ||||
| 4000114529 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 16:47 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000114529 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 16:46 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000114545 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 23:37 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000114545 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 23:37 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000114545 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 23:38 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000114548 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 19:20 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000114548 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 5 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 19:20 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000114548 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 5 | xx/xx/xxxx | Credit | Hazard Insurance Policy is Missing | Missing hazard insurance
policy. Please provide the hazard policy for xxxxxx |
Hazardxxxxxx. updated LPA
and 1003 - xxxxxx |
HOI Provided. Condition resolved. - xxxxxx Hazard xxxxxx. updated LPA and 1003 - xxxxxx |
xxxxxx 16:33 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114548 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 5 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Please provide the mortgage statement for the primary residence
second with xxxxxx for $xxxxxx/month. |
primary residence second with xxxxxx for
$xxxxxx/month. - xxxxxx |
MLS for primary 2nd
mortgage was provided. Condition
resolved. - xxxxxx primary residence second with xxxxxx for $xxxxxx/month. - xxxxxx |
xxxxxx 18:41 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114548 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 5 | xx/xx/xxxx | Compliance | Missing Initial Escrow Disclosure | Initial Escrow Account
Disclosure is missing. DSCR - not required.
|
Please note this loan did
not close with escrows, therefore no escrow disclosure would be provided -
xxxxxx |
No escrows - xxxxxx Please note this loan did not close with escrows, therefore no escrow disclosure would be provided - xxxxxx |
xxxxxx 17:08 | Resolved | 2 | 1 | 3 | 1 | ||
| 4000114555 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 16:18 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000114555 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 16:19 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000114555 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. A third party fraud report was not found in the loan documents. |
See attached - xxxxxx |
Fraud Report provided. Condition resolved. - xxxxxx Third party fraud report is provided - xxxxxx See attached - xxxxxx |
xxxxxx 15:34 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114556 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Subject loan is in Flood Zone and Notice of Special Flood Hazard Disclosure Not Completed | Subject property is in
flood zone but Notice of Special Flood Hazard Disclosure was not provided.
Lender to provide the dated and fully executed Notice of Special Flood
hazards. |
Attached - xxxxxx |
Disclosure provided. Condition resolved. - xxxxxx Validation Resolved - xxxxxx Attached - xxxxxx |
xxxxxx 21:05 | Resolved | 1 | 1 | 1 | 1 | ||
| 4000114556 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 00:02 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114556 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 00:02 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114588 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Borrower 1 Credit Report is Missing | Borrower 1 credit report is
missing. Lender to provide the most recent credit report including any
mortgages for the borrower |
xxxxxx Credit report -
xxxxxx |
Borrower 1 Credit Report is
not missing. - xxxxxx CR Provided. Condition resolved. - xxxxxx CR Provided. Condition resolved. - xxxxxx xxxxxx Credit report - xxxxxx |
xxxxxx 21:58 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000114588 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 21:35 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000114588 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable
appraisal guidelines. |
Loan meets applicable
appraisal guidelines. - xxxxxx |
xxxxxx 21:34 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000114588 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Borrower 1 Credit Report is Incomplete | Missing credit report. |
Borrower 1 Credit Report is
not partially present. - xxxxxx Duplicate finding. - xxxxxx |
xxxxxx 21:58 | Resolved | 3 | 1 | 4 | 1 | |||
| 4000114600 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Appraisal - Other | There are additional
appraisal findings. xxxxxx is requesting an Investor Exception for a property
with Unpermitted Space. Post close reserves - 9 mos= over the min required FICO Score = 751 LV below max allowed Borrower is a Perm Resident, and property is located in CA = unpermitted space is very common |
Exception approved - subject to the final review, no Addi'l conditions allowed. comp factors include: +5% LTV, fico 751, strong residual | xxxxxx 04:24 | Waived | 2 | 2 | 3 | 2 | |||
| 4000114600 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | Missing Doc - ARM Disclosure/Missing | The ARM Disclosure is
missing from the file. The ARM Disclosure is missing |
arm disc - xxxxxx |
Received disclosure -
xxxxxx ARM Disclosure is Present or Not Applicable - xxxxxx arm disc - xxxxxx |
xxxxxx 13:58 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000114600 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 23:07 | Cleared | 1 | 1 | 3 | 2 | ||||
| 4000114605 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 22:28 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000114605 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | Income - Rental Property | Rental income is not
properly documented and/or supported. Lender to provide a comprehensive
schedule of REO. Lender to provide the underwriters rental income/ loss
worksheet as well. There is one
property is listed on the worksheet in the file, but there are 4 other
properties the borrowers are taking a hit on per the AUS in file. |
As per underwriter Only one
rental property has been used to qualify for rental income, as the other
property is not reflected on the tax transcript, and the remaining property
is owned by the business. - xxxxxx |
Loan underwritten as agency
loan, the full PITIA of the REO was included in the DTI minus the rental
which has an offset. Condition resolved.
- xxxxxx Condition upheld. If Borrower does not own properties listed on the 1003 (URLA) provide a corrected one. The AUS (DU) states there are 4 financed properties, if this is not correct, provide an updated one. - xxxxxx As per underwriter Only one rental property has been used to qualify for rental income, as the other property is not reflected on the tax transcript, and the remaining property is owned by the business. - xxxxxx |
xxxxxx 17:18 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114605 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. The loan file is missing the xxxxxx Bay Rate Lock. |
seller rLC - xxxxxx |
Investor Rate Lock
provided. Condition resolved. -
xxxxxx Evidence of Rate Lock Provided - xxxxxx seller rLC - xxxxxx |
xxxxxx 20:24 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114624 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:01 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114624 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 18:01 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114624 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 18:01 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114634 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 17:02 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114634 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 17:03 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114634 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 17:03 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114641 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Audited DTI Exceeds Guideline DTI | Audited DTI exceeds
guideline DTI. Per the application, the borrower xxxxxxtained new loans on
the properties located at xxxxxx andxxxxxx. When using the payment amounts
and additional tax and insurance information from the application the DTI
increased above the guidelines required DTI (from 43.51% to 53%, max 50%).
Documentation could not be found in the loan documents to support the new
loans, if the current loans on the properties were paid off, taxes and
insurance were included in the monthly payments and if the new loans are paid
by the business. |
see attached - xxxxxx |
REO was recalculated.
Condition resolved. - xxxxxx Audited DTI of 43.65% is less than or equal to Guideline DTI of 50% - xxxxxx see attached - xxxxxx |
xxxxxx 14:06 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000114641 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Validation if there is a HOA on the property located at xxxxxx
could not be found in the loan documents. |
see attached - xxxxxx |
Evidence of HOA has been
provided. Condition resolved. -
xxxxxx see attached - xxxxxx |
xxxxxx 14:06 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000114641 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 22:13 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000114641 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Property | Appraisal is Missing | The secondary valuation
product to support origination value is missing, please provide the secondary
valuation. The file is missing the appraisal. The file is missing the
secondary valuation The file is missing the appraisal. The file is missing
the appraisal. The file is missing the secondary valuation |
CDA - xxxxxx Appraisal - xxxxxx |
CDA supporting value
provided. Condition resolved. -
xxxxxx Appraisal is Present or is Waived - xxxxxx CDA - xxxxxx Condition upheld. The Original Appraisal (1025) has been received. The loan file is missing the 3rd party valuation as required per guidelines. - xxxxxx Appraisal - xxxxxx |
xxxxxx 20:06 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000114652 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 14:54 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000114652 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 14:54 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000114652 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Appraisal is Missing | The file is missing the
appraisal. The loan file is missing the primary appraisal. |
Appraisal - xxxxxx |
Appraisal provided. Condition resolved. - xxxxxx Appraisal is Present or is Waived - xxxxxx Appraisal - xxxxxx |
xxxxxx 15:04 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000114712 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 22:16 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000114712 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | The Final 1003 is Missing | The final 1003 is missing.
The loan file is missing the Final Signed 1003. |
Borrower signed with Hybrid
eclosing snap docs - xxxxxx |
Electronically signed Final
URLA provided; finding resolved - xxxxxx Borrower signed with Hybrid eclosing snap docs - xxxxxx |
xxxxxx 17:36 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114712 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable
appraisal guidelines. |
Loan meets applicable
appraisal guidelines. - xxxxxx |
xxxxxx 22:17 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000114731 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Missing Business Purpose Affidavit | File is missing statement
of business purpose. File is missing occupancy affidavit. |
See attached - xxxxxx |
Cert provided. Condition resolved. - xxxxxx See attached - xxxxxx |
xxxxxx 18:56 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114731 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Please provide the xxxxxx rate lock agreement |
Lock - xxxxxx |
Investor lock
provided. Condition resolved. -
xxxxxx Evidence of Rate Lock Provided - xxxxxx Lock - xxxxxx |
xxxxxx 15:26 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114731 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 00:13 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000114732 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. The loan file is missing the HOA statement for xxxxxx. |
NO HOA - xxxxxx |
No HOA - xxxxxx NO HOA - xxxxxx |
xxxxxx 17:49 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114732 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 23:52 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000114732 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 23:52 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000114745 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Fraud Report Shows Uncleared Alerts | Fraud Report shows
uncleared alerts. There are several uncleared alerts on pages 2-3 of the
First American Fraud Guard Report dated xxxxxx |
As per our underwriter
,Please see attached property search. Both addresses in Fraud Guard alert do
not have results. As for occupancy alert, the loan #xxxxxx is the seller's loan with xxxxxx in 2024. Attached is the property profile and history. - xxxxxx FRAUDGUARD - xxxxxx FNMA EARLY CHECKS - xxxxxx |
Cleared Fraud Report
provided. Condition resolved. -
xxxxxx All Fraud Report Alerts have been cleared or None Exist - xxxxxx As per our underwriter ,Please see attached property search. Both addresses in Fraud Guard alert do not have results. As for occupancy alert, the loan #xxxxxx is the seller's loan with xxxxxx in 2024. Attached is the property profile and history. - xxxxxx Condition upheld. Provided Fraud Alert still has uncleared alerts. - xxxxxx FRAUDGUARD - xxxxxx Condition upheld. Early Check does not clear Fraud Alerts. Please provide evidence the following were investigated and cleared: 1. SUBJECT PROPERTY ADDRESS ALERT-The SUBJECT PROPERTY ADDRESS matches the Subject Property Address of OTHER LOAN(S) in YOUR COMPANY inventory. (Subject transaction is a Purchase) 2. POSSIBLE DEROGATORY ACTIVITY - Borrower's Address History from SSN Trace identifies properties from a Derogatory Source. Properties identified:xxxxx (Property not disclosed) 3. POTENTIAL UNDISCLOSED LIABILITY OR PROPERTY xxxxxx (Property not disclosed) - xxxxxx FNMA EARLY CHECKS - xxxxxx |
xxxxxx 17:35 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114745 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | AUS - Findings Missing | The loan file did not
contain the AUS findings as required. An updated DU is needed per MSG ID 3933
in DU, which notes that although the loan casefile is eligible for value
acceptance or value acceptance + property data, there is a discrepancy
between the property value of $xxxxxx and the sales price of $xxxxxx in DU.
To proceed with a value acceptance or value acceptance + property data offer,
update these amounts to ensure the property value reflects the sales price
and resubmit the loan casefile to DU.
|
DU - xxxxxx |
Corrected AUS
provided. Condition resolved. -
xxxxxx DU - xxxxxx |
xxxxxx 18:14 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114745 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 23:04 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000114745 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 4 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. Lender to provide AVM
missing from the loan file. |
APPRAISAL - xxxxxx |
AVM provided, value for PIW
value is supported. - xxxxxx Condition upheld. Per xxxxxx Agency Guidelines: Loans qualifying as a Non-Agency Investor/2nd Home will be ineligible for Appraisal Waiver. Provide approved exception from xxxxxx. - xxxxxx APPRAISAL - xxxxxx |
xxxxxx 12:43 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114753 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 15:01 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000114753 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 15:02 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000114753 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 15:03 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000114795 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CDA with Moderate Risk and a CDA Value of $xxxxxx
and CDA Value to Appraisal Value of 0.0% which meets the lender's guidelines.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CDA with Moderate Risk and a CDA Value of $xxxxxx
and CDA Value to Appraisal Value of 0.0% which meets the lender's guidelines.
- xxxxxx |
xxxxxx 17:11 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000114795 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | Insufficient Tolerance Cure | A Lender Credit for Excess
Charges of ($xxxxxx), Principal Reduction for Excess Charges of ($xxxxxx),
and general or specific lender credit increases of ($xxxxxx) were applied to
the total fee variance of ($xxxxxx) between the baseline disclosure and the
actual fee amounts. Since the lender credits and principal reduction (if
applicable) are less than the total fee variance amount, they are not
sufficient to cure the variance. Duplicate finding - See related open finding
|
Received CIC and FCD to
resolve finding - xxxxxx Resolved - xxxxxx |
xxxxxx 13:14 | Resolved | 1 | 1 | 3 | 2 | |||
| 4000114795 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | Insufficient Tolerance Cure (50001028) | A Lender Credit for Excess
Charges of ($xxxxxx), Principal Reduction for Excess Charges of ($xxxxxx),
and general or specific lender credit increases of ($xxxxxx) were applied to
the total fee variance of ($xxxxxx) 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. Appraisal fee, Appraisal reinspeciton fee
and credit report fee were added without a CIC |
Attached is the 1/28 COC LE
where the appraisal reinspection fee was added Also attached is the final CD that shows the $xxxxxx cure for the appraisal fee ($xxxxxx) and credit report fee ($xxxxxx) - xxxxxx |
Received CIC and FCD to
reolve fidnig - xxxxxx Resolved - xxxxxx Attached is the 1/28 COC LE where the appraisal reinspection fee was added Also attached is the final CD that shows the $xxxxxx cure for the appraisal fee ($xxxxxx) and credit report fee ($xxxxxx) - xxxxxx |
xxxxxx 13:15 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000114795 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Housing History Does Not Meet Guideline Requirements | Housing history does not
meet guideline requirements. The loan file includes a private VOR indicating
the borrower made housing payments via cash or xxxxxx. Per lender guidelines,
housing history must be supported by twelve (12) months of payment documentation,
such as canceled checks, bank debits, or an institutional VOR. Private party
VORs may be considered on a xxxxxxse basis with an investor exception. The
lender approved an exception to allow the private VOR reflecting cash
payments. |
Self-employed 7 years. Residual of $xxxxxx per month. | xxxxxx 04:27 | Waived | 2 | 2 | 3 | 2 | |||
| 4000114883 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. Lender to provide third party fraud report. It is to include a clear
OFAC for all interested parties in the loan transaction |
fraud docs - xxxxxx |
Fraud Report provided. Condition resolved. - xxxxxx Third party fraud report is provided - xxxxxx fraud docs - xxxxxx |
xxxxxx 19:14 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114883 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. Please provide the third
party valuation product |
ucdp - xxxxxx |
LCA score of 1. Condition resolved. - xxxxxx ucdp - xxxxxx |
xxxxxx 19:13 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114883 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 02:22 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000114907 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 6 | xx/xx/xxxx | Credit | Income and Employment Do Not Meet Guidelines | Income and employment do
not meet guidelines. The loan was qualified using asset depletion. Per
guidelines, 120 days seasoning on the accounts used for qualifying and only
90 days was found in the loan documents for all accounts. Also, two of the accounts did not provide
transactions for each account (#xxxxxx and #PLAN 401K account). Only 60
months was used in the calculation, but guidelines require 84 month
amortization which decreases the income from $xxxxxx to $xxxxxx. |
exception approved - xxxxxx
Please escalate the below: Even if we use the 84 months and the income you have noted below in the condition, the DTI would be 45.12% and would still be below the guidelines. Please escalate and advise thank you - xxxxxx |
Exception approved for 90
days seasoning on asset vs 120 days on asset depletion program with -.250 LPA
and with noted - xxxxxx exception approved - xxxxxx Condition upheld. Please submit through the online exception portal and then provide Approved Exception in response to this condition. - xxxxxx Please escalate the below: Even if we use the 84 months and the income you have noted below in the condition, the DTI would be 45.12% and would still be below the guidelines. Please escalate and advise thank you - xxxxxx |
comp factors= EP Primary
purchase transaction w/36% down payment, 798 FlCO & 400 months reserves.
No other exceptions allowed and subject to final review. |
xxxxxx 13:53 | Waived | 3 | 2 | 4 | 2 | |
| 4000114907 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 6 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 16:23 | Cleared | 1 | 1 | 4 | 2 | |||
| 4000114907 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 6 | xx/xx/xxxx | Compliance | TRID: Missing Final Closing Disclosure | The loan file does not
contain the Final Closing Disclosure. A seller Settlement Final statement
dated xxxxxx was provided, however, a Closing Disclosure dated xxxxxx was not
provided. |
cd dated the 26th is the
final. the borrowers met timing and were allowed to sign early - xxxxxx |
Received final CD -
xxxxxx cd dated the 26th is the final. the borrowers met timing and were allowed to sign early - xxxxxx |
xxxxxx 15:49 | Resolved | 4 | 1 | 4 | 2 | ||
| 4000114907 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 6 | xx/xx/xxxx | Credit | Housing History Does Not Meet Guideline Requirements | Housing history does not
meet guideline requirements. The borrower is currently renting from the
private party per the verification of rent provided. Per guidelines, Private
Party VORs may be considered on a xxxxxxse basis and will require an investor
exception approval. The formal exception is missing from the loan file. |
verification - xxxxxx |
Housing history meets
guideline requirements. - xxxxxx verification - xxxxxx |
xxxxxx 20:54 | Resolved | 3 | 1 | 4 | 2 | ||
| 4000114907 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 6 | xx/xx/xxxx | Credit | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Verification of Rent
(VOR)/Verification of Mortgage (VOM) Document is incomplete. Per guidelines,
a 12 month housing history is required. Housing historycan be evidenced by
twelve (12) months of proof of payment via cancelled checks, bank debits or
institutional VOR. The borrower has been renting the residence at xxxxxx
since xxxxxx xxxxxx. Only 1 month of proof of receipt is located in the loan
file. |
proof rent - xxxxxx |
Bank Statements showing
Rent payments were provided. Condition
resolved. - xxxxxx Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - xxxxxx proof rent - xxxxxx |
xxxxxx 20:56 | Resolved | 3 | 1 | 4 | 2 | ||
| 4000114907 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 6 of 6 | xx/xx/xxxx | Compliance | AbilityToRepay: QMPointsAndFees | compliance - xxxxxx |
Confirmed loan passed QM
testing - xxxxxx compliance - xxxxxx The loan fees ($xxxxxx) exceed the (QM) (Note Amount >=$xxxxxx) fee limit, which is 3% of the Total Loan Amount ($xxxxxx), the difference is ($xxxxxx). (12 CFR 1026.43(e)(3). - xxxxxx |
xxxxxx 15:32 | Resolved | 1 | 1 | 4 | 2 | |||
| 4000114928 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Cash reserves less than required by guidelines | Total Cash reserves of
'$xxxxxx are less than $xxxxxx. The loan file is missing the most recent 30
days of bank statements required to verify assets . |
UW's response, PCCD Bank
statements and EMD - xxxxxx |
Total Cash reserves are
greater than $xxxxxx. - xxxxxx UW's response, xxxxxx Bank statements and EMD - xxxxxx |
xxxxxx 20:47 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114928 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 22:17 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000114928 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | Gift Letter - Missing | A required gift letter was
missing from the file and/or the donor funds were not verified. lender to
gift letters and proof of receipt of $xxxxxx and $xxxxxx |
Gift Letter - xxxxxx |
Gift letters provided,
conditions resolved. - xxxxxx Gift Letter - xxxxxx |
xxxxxx 20:54 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114928 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 22:46 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000114952 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | ATR Risk: Lender did not document all ATR UW Factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 23:23 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114952 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | ATR Risk: Lender did not document all ATR UW Factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 23:23 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114952 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | ATR Risk: Lender did not document all ATR UW Factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 16:00 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000114959 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. The loan file is missing the Closing Disclosure for the refinance
with xxxxxx for the subject property
located at xxxxxx to support the principal and interest payment of $xxxxxx
per month and to document the payoff of the mortgage with xxxxxx (loan ending
in xxxxxx). Additionally, the 2025–2026 property tax bill and the hazard
insurance policy are also missing from the file. |
CD, INSURANCE - xxxxxx |
Final CD and insurance was
provided. Condition resolved. -
xxxxxx CD, INSURANCE - xxxxxx |
xxxxxx 14:52 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000114959 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 15:32 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000114959 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 15:33 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115002 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Delinquent Credit History Does Not Meet Guideline Requirements | Delinquent Credit History
does not meet guideline requirements. The mortgage statement on the primary
residence with xxxxxx datedxxxxxx shows a modification is in effect with a
contractual date for next payment to be paid startingxxxxxx - guides require 4+
years since the last housing event and it appears this is not met. There is
no letter of explanation regarding. The statement also shows a current late
payment and the terms of the modification as follows: The deferred amount is
due on your last mortgage payment date or earlier if you sell your home,
refinance, or otherwise pay off your loan. Per the mortgage statement the
deferred P&I is $xxxxxx with a contractual due date ofxxxxxxEscrowed
payment is ~ $xxxxxx/mo. this would support more than 3 payments not made.
The credit report supplement states NO LOAN MODIFICATION MADE ON THE ACCOUNT
- in contradiction of the mortgage statement. The Fraud Report supports a
modification on the primary residence. |
Please escalate this to
management. There is no exception
needed – no one actually come out of a
modification- its modified – meaning changed- he has been 0*30 for last 36
months and it meets all
guidlines. - xxxxxx It’s 4 years out we should not need one - xxxxxx enclosed - xxxxxx We had a supplement- they did research and they could not find a mod - xxxxxx |
Loan reviewed by xxxxxx,
and okay to clear. Condition resolved.
- xxxxxx Please escalate this to management. There is no exception needed – no one actually come out of a modification- its modified – meaning changed- he has been 0*30 for last 36 months and it meets all guidlines. - xxxxxx Condition upheld. Is Borrower still in forbearance? Current MLS shows deferred interest and principal, or provide an approved exception from xxxxxx/xxxxxx. - xxxxxx It’s 4 years out we should not need one - xxxxxx Condition upheld. Now that the Forbearance Plan has been acknowledged, provided evidence the Borrower is out of it as current MLS shows deferred interest and principal, or provide an approved exception from xxxxxx/xxxxxx. - xxxxxx enclosed - xxxxxx Condition upheld. Per Drive Report in file a MOD occurred onxxxxxx. - xxxxxx We had a supplement- they did research and they could not find a mod - xxxxxx |
xxxxxx 20:40 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115002 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Missing the HOA statement for the primary residence or a letter
stating there is no HOA. |
HOA - xxxxxx |
LOE provided stating no
HOA. - xxxxxx HOA - xxxxxx |
xxxxxx 17:54 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115002 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 20:34 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115002 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 20:33 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115010 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | The Final 1003 is Incomplete | The final 1003 is
incomplete. The Final Application indicates that the borrower intends to
occupy the property as a primary residence. Since the transaction is for an
investment property purchase, a corrected Final Application reflecting the
appropriate occupancy type is required. |
1003 Corrected - xxxxxx |
Corrected 1003 provided.
Condition resolved. - xxxxxx 1003 Corrected - xxxxxx |
xxxxxx 17:07 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115010 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 15:34 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115010 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 15:34 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115028 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than
total amount of subject lien(s). Commitment amount $xxxxxx versus loan amount
of $xxxxxx. Please provide the updated commitment showing sufficient coverage
|
Title - xxxxxx |
Title coverage amount of
$xxxxxx is equal to or greater than total amount of subject lien(s)
$xxxxxx+0+0 - xxxxxx Title - xxxxxx |
xxxxxx 18:21 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115028 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 21:39 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115028 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 21:40 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115043 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 18:13 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115043 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:13 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115043 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 18:13 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115054 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 03:51 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115054 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were
satisfied. - xxxxxx |
xxxxxx 03:52 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115054 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 03:52 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115057 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | Missing disbursement date on final HUD-1 | The HUD datedxxxxxxs
missing the disbursement date. |
See attached - xxxxxx |
Received disbursement date
- xxxxxx See attached - xxxxxx |
xxxxxx 15:19 | Resolved | 1 | 1 | 1 | 1 | ||
| 4000115057 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:40 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115057 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:41 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115058 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 6 | xx/xx/xxxx | Credit | Asset Qualification Does Not Meet Guideline Requirements | Asset Qualification does
not meet guideline requirements. The gift fund checks totaling
$xxxxxx($xxxxxxx and $xxxxxx) included in the loan file indicate in the memo
line that the funds are a loan. Per guidelines, gift funds must not represent
a loan or require repayment. Please provide clarification and/or acceptable
documentation to support that the funds are a true gift. |
LOE - xxxxxx LOE - xxxxxx |
Asset Qualification Meets
Guideline Requirements - xxxxxx LOE provided. Condition resolved. - xxxxxx LOE - xxxxxx The attached LOE states the funds are for the purchase of a property located at xxxxxx. That is not the subject property. Did the Borrower purchase another property that was not disclosed? - xxxxxx LOE - xxxxxx |
xxxxxx 19:22 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115058 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 6 | xx/xx/xxxx | Credit | Purchase Contract - Addendum Missing | The Purchase Contract
Addendum is missing. Missing sales contract addendum for $xxxxxx seller
credit |
Agreement - xxxxxx |
Contract addendum
provided. Condition resolved. -
xxxxxx Agreement - xxxxxx |
xxxxxx 18:07 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115058 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 6 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 17:52 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115058 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 6 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 17:53 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115058 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 6 | xx/xx/xxxx | Credit | Gift Letter - Missing | A required gift letter was
missing from the file and/or the donor funds were not verified. The gift
letter in the file does not list the subject property address or the
borrower's name. Please provide the updated gift letter. |
Gift Letter - xxxxxx Gift Letter - xxxxxx |
Gift Letter provided. Condition resolved. - xxxxxx Gift Letter - xxxxxx Condition upheld. The provided gift letter states this is for the purchase of a property located at xxxxxx. Did the Borrower purchase another property that was not disclosed? - xxxxxx Gift Letter - xxxxxx |
xxxxxx 18:39 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115058 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 6 of 6 | xx/xx/xxxx | Credit | Assets - Earnest Money Deposit | The earnest money deposit
was not properly documented and/or sourced. The EMD of $xxxxxx was not fully
verified. Final CD shows a Deposit of
$xxxxxx, EMD check in file is for $xxxxxx |
EMD - xxxxxx |
EMD verified. Condition resolved. - xxxxxx EMD - xxxxxx |
xxxxxx 19:22 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115061 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than
total amount of subject lien(s). Title Insurance missing sufficient coverage
amount. |
See attached - xxxxxx |
Updated Title Policy
provided. Condition resolved. -
xxxxxx Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xxxxxx See attached - xxxxxx |
xxxxxx 17:10 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115061 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 00:10 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115061 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 00:10 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115085 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:49 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115085 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 18:49 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115085 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 18:49 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115136 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 00:15 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115136 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 00:15 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115136 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | Insufficient Change of Circumstance (50001252) | 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: Appraisal Desk Review 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 appraisal
Desk Review was added to the Loan Estimate onxxxxxx without a valid change in
circumstance present. |
Finding is valid, no COC
record present for the added Appraisal Desk Review Fee reflected on the
revised LE issuedxxxxxx xxxxxx COC LE - xxxxxx |
Received CIC and LE for
added fee - xxxxxx COC LE - xxxxxx |
xxxxxx 15:32 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115136 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. The xxxxxx rate lock agreement is missing from the loan file. |
Lock confirmation -
xxxxxx |
Investor Lock
provided. Condition resolved. -
xxxxxx Evidence of Rate Lock Provided - xxxxxx Lock confirmation - xxxxxx |
xxxxxx 22:52 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115142 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:54 | Cleared | 1 | 1 | 3 | 2 | ||||
| 4000115142 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 18:54 | Cleared | 1 | 1 | 3 | 2 | ||||
| 4000115142 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Housing History Does Not Meet Guideline Requirements | Housing history does not
meet guideline requirements. The borower has been at the primary address for
1 year, but only 11 months of payment history for xxxxxx is showing on the
credit report. Per guidelines, a 12 month housing history is required. |
Approved exception -
xxxxxx |
Exception provided
for: Short 12months housing history. -
xxxxxx Approved exception - xxxxxx |
LTV 50%, DSCR >1.10, Reserves >20 months, Credit score >790 | xxxxxx 22:40 | Waived | 3 | 2 | 3 | 2 | |
| 4000115167 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 05:01 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115167 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 5 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 22:34 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115167 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 5 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. Condition upheld. CDA provided does not support origination
value within 10%. |
Field Review - xxxxxx CDA value $xxxxxx. Appraisal value $1,100,000. - xxxxxx |
Field Review supporting
value was provided. Condition
resolved. - xxxxxx Field Review - xxxxxx CDA value $xxxxxx. Appraisal value $1,100,000. - xxxxxx |
xxxxxx 18:31 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115167 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 5 | xx/xx/xxxx | Property | Value - AVM/BPO/Desk Review did not support Value within -10% | The 3rd party review
product did not support the value within a -10% variance. |
Field Review - xxxxxx |
Field Review supporting
value was provided. Condition
resolved. - xxxxxx Field Review - xxxxxx |
xxxxxx 18:31 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115167 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 5 | xx/xx/xxxx | Credit | Program Parameters - Guidelines Conformity | The subject loan does not
conform to program guidelines. Max cash out for LTV over 60% is $xxxxxx,
borrower received $xxxxxx cash at closing. |
Outdated appraisal had
typo. See latest version - xxxxxx LTV is 60. xxxxxx / xxxxxx = 60% - xxxxxx |
Corrected Appraisal
provided. LTV is 60%. - xxxxxx Outdated appraisal had typo. See latest version - xxxxxx Condition upheld. $xxxxxx is the Indicated Value by Sales Comparison Approach, not the Appraised value. The Appraised value per the Appraisal in file datedxxxxxx and signed by the Appraiser onxxxxxx is $xxxxxx. - xxxxxx LTV is 60. xxxxxx / xxxxxx = 60% - xxxxxx |
xxxxxx 18:11 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115171 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with risk score of 1.0 and a CDA with Moderate
Risk score with a CDA Value of $xxxxxx with a CDA Value to Appraisal Value of
-4.6% which meets the lender's guidelines.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with risk score of 1.0 and a CDA with Moderate
Risk score with a CDA Value of $xxxxxx with a CDA Value to Appraisal Value of
-4.6% which meets the lender's guidelines. - xxxxxx |
xxxxxx 20:51 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115171 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | Hazard Insurance Policy is Partial | Hazard insurance policy
partially provided. The loan file contains the hazard insurance binder but is
missing the final policy with xxxxxx effective xxxxxx to xxxxxx. |
hoi - xxxxxx |
HOI provided. - xxxxxx hoi - xxxxxx |
xxxxxx 21:59 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115171 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 20:51 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115186 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Other Credit Finding | Lender to provide missing
documentation for the primary property in the amount of $xxxxxx |
The $xxxxxx listed for
primary residence was for HOI but its escrowed into mortgage payment –
attached mortgage statement showing escrowed - xxxxxx |
MLS was provided. Condition resolved. - xxxxxx The $xxxxxx listed for primary residence was for HOI but its escrowed into mortgage payment – attached mortgage statement showing escrowed - xxxxxx |
xxxxxx 17:07 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000115186 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 16:11 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000115186 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. The LCA Risk provided is
assessed at 3, which is outside of the guideline requirements of 2.5 or less.
Please provide a valid third-party valuation product. |
Attached - xxxxxx Please see 1008 with underwriter explanation - xxxxxx |
3rd party valuation
provided. Condition resolved. - xxxxxx Attached - xxxxxx Condition upheld. Provide an approved 3rd Party Valuation (CDA from approved Vendor) or an Approved exception from xxxxxx. - xxxxxx Please see 1008 with underwriter explanation - xxxxxx |
xxxxxx 15:27 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000115186 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Liabilities - Excluded Debts | There was no explanation or
support for the omission of one or more debts from the initial application.
Per the final 1003, the borrower borrowed
$xxxxxx for this transaction. Documentation of this loan and the monthly
payment is missing from the loan file.
|
Application marked as
borrowing $xxxxxx for transaction – they ended up borrowing $xxxxxx from
their xxxxxx HELOC – attached is the proof - xxxxxx |
MLS for HELOC was
provided. Increased payment is
included in the subject DTI. Condition
resolved. - xxxxxx Application marked as borrowing $xxxxxx for transaction – they ended up borrowing $xxxxx from their xxxxxx HELOC – attached is the proof - xxxxxx |
xxxxxx 17:13 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000115193 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Compliance | The Final 1003 is Incomplete | The final 1003 is
incomplete. Per the DU the borrower has 7 financed properties. Including the
subject the borrower only has 4 financed properties per the final loan
application. Provide a corrected final
loan application with all the properties owned by the borrower, to include
all the properties mortgages, taxes, insurance, and HOA's (if applicable)
affixed/itemized. |
FINAL 1003 - xxxxxx |
Corrected 1003
provided. Condition resolved. -
xxxxxx The final 1003 is present - xxxxxx FINAL 1003 - xxxxxx |
xxxxxx 19:39 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115193 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 17:37 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115193 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 17:37 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115193 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 17:36 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115201 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 8 | xx/xx/xxxx | Credit | Borrower 2 Lease Agreements Missing | Borrower 2 Lease Agreements
missing. Lender to provide the fully executed lease agreement for the subject
property to verify rental income |
There is no Subject Rental
income used for the qualification purpose please refer final application for
the same. we had provided the LOE at time of original submission confirming
what would be approximate rent for the subject property. Thank you ! - xxxxxx |
Condition set in
error. Full subject payment is being
included in DTI. - xxxxxx Borrower 2 Lease Agreements Provided or Not Applicable (Number of Borrowers equals 2) - xxxxxx There is no Subject Rental income used for the qualification purpose please refer final application for the same. we had provided the LOE at time of original submission confirming what would be approximate rent for the subject property. Thank you ! - xxxxxx |
xxxxxx 15:12 | Void | 3 | 4 | 1 | |||
| 4000115201 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 8 | xx/xx/xxxx | Credit | Missing VOM or VOR | Verification of Rent
(VOR)/Verification of Mortgage (VOM) Document is Missing. Lender to provide a
credit supplement or a VOM for the primary mortgage. Loan is not rated on the
credit report dated xxxxxx |
Condition appear here and
it shows resolved at end of condition verbiage - xxxxxx Attached Credit Supplement for your reference, the same provided at time of original submission. - xxxxxx |
Condition is resolved. Credit Supp was provided. - xxxxxx Condition appear here and it shows resolved at end of condition verbiage - xxxxxx Credit Supplement for Primary Mortgage provided. Condition resolved. - xxxxxx Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - xxxxxx Attached Credit Supplement for your reference, the same provided at time of original submission. - xxxxxx |
xxxxxx 15:04 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000115201 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 8 | xx/xx/xxxx | Credit | Builder is in control of HOA | Project is new construction
and still under construction, Builder is still in control of the HOA until
all phases are completed per the condo questionnaire. Builder is in control of HOA. |
Please find attached
Corrected copy of condo questionnaire and LOE for your reference. - xxxxxx Previously we already provided the AVM however, the Appraisal report is not needed. - xxxxxx We have received confirmation from the management company regarding the status of the project. As per their response: The project consists of 198 units. All units are complete, and the developer is no longer in control of the project. Common elements and facilities have been completed. No additional phases are to be added. - xxxxxx Attached Email copy for your reference. Thank you ! - xxxxxx |
Condo docs from Square
sent, confirm the complex is complete and the builder is no longer in control
of the HOA, condition resolved. -
xxxxxx Condition upheld. Investor has reviewed and requests that an exception be requested. Provide exception from investor. - xxxxxx Please find attached Corrected copy of condo questionnaire and LOE for your reference. - xxxxxx Investor has asked an exception be requested and provided. - xxxxxx Previously we already provided the AVM however, the Appraisal report is not needed. - xxxxxx Condition upheld and pending the following: xxxxxx asked for a formal exception to be requested for this and include the appraisal/PIW/AVM, questionnaire and any other supporting documentation in the exception request - xxxxxx We have received confirmation from the management company regarding the status of the project. As per their response: The project consists of 198 units. All units are complete, and the developer is no longer in control of the project. Common elements and facilities have been completed. No additional phases are to be added. - xxxxxx Condition upheld. Provide correct Condo Questionnaire and Appraisal. - xxxxxx Attached Email copy for your reference. Thank you ! - xxxxxx |
xxxxxx 18:45 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000115201 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 8 | xx/xx/xxxx | Property | Condo - Warrantability | Builder is still in control
of the project since it is still under construction. Lender would need to
xxxxxxtain a certificate of completion from the builder or HOA. Condominium project is not warrantable, or
documentation not provided to determine warrantability |
Please find attached
Corrected copy of condo questionnaire and LOE for your reference. - xxxxxx We already provided the AVM on this to cure the condition. but Appraisal report is not needed no this. - xxxxxx We have received confirmation from the management company regarding the status of the project. As per their response: The project consists of 198 units. All units are complete, and the developer is no longer in control of the project. Common elements and facilities have been completed. No additional phases are to be added. Additionally, the loan file is underwritten as a PIW (Property Inspection Waiver) per DU (Desktop Underwriter) and complies with FNMA guidelines. Please note that the appraisal report referenced in the email pertains to a different property within the same project. - xxxxxx We had provided the email confirmation to confirm the completion of the project. This is already provided at time of original submission. - xxxxxx |
Condo docs from Square
sent, confirm the complex is complete and the builder is no longer in control
of the HOA, condition resolved. -
xxxxxx Condition upheld. Investor has reviewed and requests that an exception be requested. Provide exception from investor. - xxxxxx Please find attached Corrected copy of condo questionnaire and LOE for your reference. - xxxxxx Investor has asked an exception be requested and provided. - xxxxxx We already provided the AVM on this to cure the condition. but Appraisal report is not needed no this. - xxxxxx Condition upheld and pending the following: xxxxxx asked for a formal exception to be requested for this and include the appraisal/PIW/AVM, questionnaire and any other supporting documentation in the exception request - xxxxxx We have received confirmation from the management company regarding the status of the project. As per their response: The project consists of 198 units. All units are complete, and the developer is no longer in control of the project. Common elements and facilities have been completed. No additional phases are to be added. Additionally, the loan file is underwritten as a PIW (Property Inspection Waiver) per DU (Desktop Underwriter) and complies with FNMA guidelines. Please note that the appraisal report referenced in the email pertains to a different property within the same project. - xxxxxx Escalated to xxxxxx for Review - xxxxxx Condition upheld. Appraisal has not been provided as of yet. The Condo Questionnaire signed and datedxxxxxx states the complex is not complete, new construction started in 2023 and the remaining phases 8-16 need to be completed. It further states that the Developer is in Control of the HOA. Condo is not warrantable. - xxxxxx We had provided the email confirmation to confirm the completion of the project. This is already provided at time of original submission. - xxxxxx |
xxxxxx 18:45 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000115201 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 8 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 21:57 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000115201 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 6 of 8 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. |
the loan file is
underwritten as a PIW (Property Inspection Waiver) per DU (Desktop
Underwriter) and complies with FNMA guidelines. Please note that the appraisal report referenced in the email pertains to a different property within the same project. - xxxxxx Attached AVM for your reference, Thank you ! - xxxxxx |
AVM supporting PIW value
from AUS (DU) was provided. Condition
resolved. - xxxxxx the loan file is underwritten as a PIW (Property Inspection Waiver) per DU (Desktop Underwriter) and complies with FNMA guidelines. Please note that the appraisal report referenced in the email pertains to a different property within the same project. - xxxxxx Upheld pending Appraisal. Per Condo Questionnaire, subject is non-warrantable and a full appraisal is required. - xxxxxx Attached AVM for your reference, Thank you ! - xxxxxx |
xxxxxx 15:23 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000115201 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 7 of 8 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Lender to provide most recent xxxxxxF Lock Confirmation |
Attached Lock Confirmation
- xxxxxx Attached Lock confirmation for your reference. Thank you ! - xxxxxx |
xxxxxx Lock Confirmation
provided. Condition resolved. -
xxxxxx Attached Lock Confirmation - xxxxxx Condition upheld. Provided the Lock Confirmation between xxxxxx and xxxxxx Bay. - xxxxxx Attached Lock confirmation for your reference. Thank you ! - xxxxxx |
xxxxxx 15:02 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000115201 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 8 of 8 | xx/xx/xxxx | Property | Missing Appraisal | The loan file does not
contain the appraisal. Missing origination appraisal relied upon to make a
lending decision. |
the loan file is
underwritten as a PIW (Property Inspection Waiver) per DU (Desktop
Underwriter) and complies with FNMA guidelines. Please note that the appraisal report referenced in the email pertains to a different property within the same project. - xxxxxx Attached AVM For your reference. Thank you ! - xxxxxx |
File received a PIW from
AUS (DU). Condition resolved. -
xxxxxx the loan file is underwritten as a PIW (Property Inspection Waiver) per DU (Desktop Underwriter) and complies with FNMA guidelines. Please note that the appraisal report referenced in the email pertains to a different property within the same project. - xxxxxx Condition upheld. Loan file is the missing the Full Appraisal as required by guidelines. - xxxxxx Attached AVM For your reference. Thank you ! - xxxxxx |
xxxxxx 15:22 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000115202 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 00:25 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115202 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 00:26 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115202 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were
satisfied. - xxxxxx |
xxxxxx 00:26 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115205 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Property Title Issue | Property title issue. There
is a lien on title for $xxxxxx filed against the seller (recorded xxxxxxand 2
companies. Lender to verify if the lien was paid prior to closing or will be
removed prior to issuing the final title policy. Seller CD did not show evidence of the lien
be paid at closing. |
See attached - xxxxxx Closing Seller CD shows the payoff of the liens and attached final title policy cleared. - xxxxxx |
Release of Lien was
provided. Condition resolved. -
xxxxxx Property Title Issue Resolved - xxxxxx See attached - xxxxxx Condition upheld. There were three liens on title. xxxxxx was paid, xxxxxx was paid, however the $xxxxxx lien filed in District Court to xxxxxx does not show paid and/or removed. - xxxxxx Closing Seller CD shows the payoff of the liens and attached final title policy cleared. - xxxxxx |
xxxxxx 21:01 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115205 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 18:22 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115205 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:22 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115207 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Borrower 1 Business Tax Returns Less Than 24 Months Provided | Borrower 1 business tax
returns less than 24 months provided in the file. Per AUS, 2 years of
business tax returns are required for xxxxxx. Only 1 year (2024) is located
in the loan file. |
xxxxxx started in 2024 so
only one-year tax return has been filed. Borrower had small loss that was
included in qualification. - xxxxxx |
Only one year available due
to business formation date, not primary wages and loan supports the small
loss, condition resolved. - xxxxxx Condition upheld. Provide exception approval for missing 1yr business tax returns. - xxxxxx xxxxxx started in 2024 so only one-year tax return has been filed. Borrower had small loss that was included in qualification. - xxxxxx |
xxxxxx 12:16 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115207 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 00:36 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115207 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. Although a Property
Inspection Waiver applied to this transaction, a third-party valuation review
is still required. |
See attached - xxxxxx |
AVM supporting the
Appraisal Waiver provided. Condition
resolved. - xxxxxx See attached - xxxxxx |
xxxxxx 19:18 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115215 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Income - LOE Missing | The loan file did not
contain a letter of explanation as required. There is over a 25% decline in
the overtime income between 2024 and 2025 for borrower 1. The income for both
years was averaged in order to qualify the borrower. A letter of explanation
on the decline was not found in the loan documents. |
Please see 1003/1008 -
borrower still qualifies without using overtime income. - xxxxxx |
1003/1008 provided.
Condition resolved. - xxxxxx Please see 1003/1008 - borrower still qualifies without using overtime income. - xxxxxx |
xxxxxx 21:46 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115215 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Validation if the properties located at xxxxxx and xxxxxx are in
an HOA could not be found in the loan documents. |
LOE - xxxxxx |
LOE provided. There is no
HOA. Condition resolved. - xxxxxx LOE - xxxxxx |
xxxxxx 21:42 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115215 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 01:07 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115215 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 01:08 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115218 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 6 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx The loan meets all applicable credit guidelines. - xxxxxx |
xxxxxx 20:36 | Void | 1 | 3 | 2 | ||||
| 4000115218 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 6 | xx/xx/xxxx | Compliance | Charges That In Total Cannot Increase More Than 10% Test (50001258) | The total amount of the 10%
category fees on the last Closing Disclosure ($xxxxxx) has increased by more
than 10% over the current baseline value of ($xxxxxx). The total amount of
fees in the 10% category cannot exceed ($xxxxxx). The following fee(s) have
either increased from their baseline disclosure or have been recently added:
(Recording Fees – Mortgage/Deed of Trust). Any increase to an existing fee
and/or the addition of a new fee that causes the 10% category threshold to be
exceeded cannot occur unless a new disclosure is provided and there is a
valid changed circumstance associated with the increased fee(s) or new
fee(s). (12 CFR 1026.19(e)(3)(ii); 12 CFR 1026.19(e)(3)(iv)). The Recording
fee increased on the Initial Closing disclosure without a valid changed
circumstance in the file. |
Cure - xxxxxx |
Received curative
package: PCCD, LOE, copy of refund
and proof of mailing - xxxxxx Cure - xxxxxx |
xxxxxx 20:49 | Cured | 3 | 2 | 3 | 2 | ||
| 4000115218 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 6 | xx/xx/xxxx | Compliance | Charges That In Total Cannot Increase More Than 10% Test (50001257) | The total amount of the 10%
category fees ($xxxxxx) has increased by more than 10% over the current
baseline value of ($xxxxxx). The total amount of fees in the 10% category
cannot exceed ($xxxxxx). The following fee(s) have either increased from
their baseline disclosure or have been recently added: (Recording Fees –
Mortgage/Deed of Trust). Any increase to an existing fee and/or the addition
of a new fee that causes the 10% category threshold to be exceeded cannot
occur unless a new disclosure is provided and there is a valid changed
circumstance associated with the increased fee(s) or new fee(s). (12 CFR
1026.19(e)(3)(ii); 12 CFR 1026.19(e)(3)(iv)). |
duplicate condition. please
clear - xxxxxx |
Duplicate condition,
voided. - xxxxxx duplicate condition. please clear - xxxxxx |
xxxxxx 20:50 | Void | 1 | 3 | 2 | |||
| 4000115218 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 6 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. The xxxxxx Rate Lock Agreement is missing from the loan file. |
lock - xxxxxx |
Investor Rate Lock
provided. Condition resolved. - xxxxxx Evidence of Rate Lock Provided - xxxxxx lock - xxxxxx |
xxxxxx 13:54 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000115218 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 6 | xx/xx/xxxx | Credit | Credit Documentation - Letter of Explanation | The loan file did not
contain a letter of explanation as required. Please provide documentation
that the CPA / CTEC license is verified and active. A screen shot of the IRS
web site for an IRS Enrolled Agent (EA) is acceptable. |
Active license was
provided - xxxxxx |
CPA Letter and License
verification provided. Condition
resolved. - xxxxxx Active license was provided - xxxxxx |
xxxxxx 13:56 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000115218 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 6 of 6 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable
appraisal guidelines. |
Two full appraisals used t
support origination value. - xxxxxx |
xxxxxx 20:35 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000115219 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Borrower 1 3rd Party VOE Prior to Close Missing | Borrower 1 3rd party VOE
prior to close missing. Per guidelines, a third party VVOE within 10 days of
closing is required to show borrower is still active with his business. This
could not be found in the loan documents. |
Final VOE - xxxxxx |
VVOE provided. Condition resolved - xxxxxx Borrower 1 3rd Party VOE prior to close was provided. - xxxxxx Final VOE - xxxxxx |
xxxxxx 17:15 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115219 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 5 | xx/xx/xxxx | Credit | Cash reserves less than required by guidelines | Total Cash reserves of
'$xxxxxx' are less than $xxxxxx. 1. Funds from the account with xxxxxx
#xxxxxx reflects the owner as a business called xxxxxx. A letter in the file
states that the borrower is part owner of the business. Supporting
documentation could not be found to reflect the borrower has an interest in
this business and if so what percentage. Without using these funds the
borrower is short reserves of $xxxxxx. |
Attached documentation was
included in the file upload -
xxxxxx |
Access letter and Operating
Agreement for business provided.
Condition resolved. - xxxxxx Total Cash reserves are greater than $xxxxxx. - xxxxxx Attached documentation was included in the file upload - xxxxxx |
xxxxxx 17:45 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115219 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 00:18 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115219 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 5 | xx/xx/xxxx | Credit | Program Parameters - Guidelines Conformity | The subject loan does not
conform to program guidelines. Per guidelines, the CPA must attest that they
are not associated with the borrower's business other than accounting and
that they have either audited the business financial statements or reviewed working
papers provided by the borrower. These were not specified in the document
provided. |
It does address that CPA
strictly has professional relationship and that CPA reviewed documentation.
Pease rereview the CPA letter, it addressed both. - xxxxxx |
CPA letter provided. Condition resolved. - xxxxxx It does address that CPA strictly has professional relationship and that CPA reviewed documentation. Pease rereview the CPA letter, it addressed both. - xxxxxx |
xxxxxx 17:18 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115219 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 5 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 16:17 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115224 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than
total amount of subject lien(s). The title coverage per the preliminary title
report dated xxxxxx is $xxxxxx and the final loan amount is $xxxxxx per the
Note. |
title commitment attached -
xxxxxx |
Updated Title
provided. Condition resolved. -
xxxxxx Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxxx+0+0 - xxxxxx title commitment attached - xxxxxx |
xxxxxx 20:07 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115224 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 23:05 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115224 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 23:05 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115227 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 21:11 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115227 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 21:11 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115227 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 21:11 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115248 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 17:08 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115248 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 17:07 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115248 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 17:08 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115254 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 20:05 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115254 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 20:05 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115254 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 20:06 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115255 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 19:59 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115255 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 20:00 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115255 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 20:00 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115262 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 19:14 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000115262 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 19:16 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000115262 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Calculated DSCR does not meet the Minimum DSCR allowed | The Calculated DSCR of
'0.862' is less than the minimum required DSCR of'1'. Missing exception form
|
The exception for this loan
was to use the actual Short-Term Rental income Vs the amount on the 1007. A. The short-term rental income is $ xxxxxx a month based on the attached document, which was in the file. The PITIA payment is $ xxxxxx. This results in a DSCR of xxxxxx, B. The borrower has $ xxxxxx in assets, the PITIA is $ xxxxxx. This results in 27 months of reserves. - xxxxxx |
Approved Exception provided
for: Exception approved in DSCR+ to allow documented STR over 1007 data. No
additional exceptions and loan subject to final review. - xxxxxx The Calculated DSCR is equal to or greater than the minimum required DSCR, or Not Applicable - xxxxxx The exception for this loan was to use the actual Short-Term Rental income Vs the amount on the 1007. A. The short-term rental income is $ xxxxxx a month based on the attached document, which was in the file. The PITIA payment is $ xxxxxx. This results in a DSCR of 1.344, B. The borrower has $ xxxxxx in assets, the PITIA is $ xxxxxx. This results in 27 months of reserves. - xxxxxx |
Comp factors: Credit score >805, DSCR
>1.25, Reserves >20 months |
xxxxxx 14:51 | Waived | 3 | 2 | 3 | 2 | |
| 4000115267 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 20:55 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115267 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 20:55 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115267 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 20:55 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115278 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 22:14 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115278 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 22:14 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115278 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 22:13 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115311 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Borrower 1 W2/1099 Less Than 24 Months Provided | Borrower 1 W2/1099 less
than 24 months provided. Lender to provide the borrowers 2023 1099 for SS
Benefits |
xxxxxx 16:02 | Cleared | 3 | 1 | 3 | 1 | ||||
| 4000115311 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Borrower 1 Personal Tax Returns Less Than 24 Months Provided | Borrower 1 personal tax
returns less than 24 months provided. Lender to provide the tax returns for
2023. Per the rate lock the loan is a 24-month full doc loan product. |
xxxxxx 16:03 | Cleared | 3 | 1 | 3 | 1 | ||||
| 4000115311 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 16:35 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115311 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 16:37 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115315 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 22:52 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115315 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 22:52 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115315 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 22:52 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115335 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:55 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115335 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:56 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115335 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 18:56 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115348 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:38 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115348 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:38 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115348 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:39 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115357 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 23:25 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115357 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 23:26 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115357 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 23:26 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115359 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 15:31 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115359 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 15:31 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115359 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 15:30 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115415 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 2 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 15:49 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115415 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 2 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 15:48 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115429 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than
total amount of subject lien(s). Need Title policy insurance covering the
$xxxxxx loan amount. |
Attached short form of
title policy matching the coverage. Thank you! - xxxxxx |
Updated title
provided. Condition resolved. -
xxxxxx Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xxxxxx Attached short form of title policy matching the coverage. Thank you! - xxxxxx |
xxxxxx 14:53 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115429 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 5 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Validation if the borrower's residence at xxxxxx is in an HOA was
not found in the loan documents. |
There is no mortgage on
this property its lien free, attached HOI and Taxes Document. - xxxxxx |
Docs provided. Condition resolved. - xxxxxx There is no mortgage on this property its lien free, attached HOI and Taxes Document. - xxxxxx |
xxxxxx 14:50 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115429 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 5 | xx/xx/xxxx | Credit | Credit Documentation - Mortgage History | The loan file did not
contain sufficient mortgage payment history. Per the application, the
borrower recently refinanced the property located at xxxxxx and xxxxxx with
xxxxxx. The HUD 1 nor any other documentation was found to support the new
mortgages. The rental income/loss was calculated using the payment amount on
the application. Also, the loan that was refinanced on the xxxxxx property
appears to be at xxxxxx, which is not reflected on the credit report. Would
need payment history on that mortgage. Documents provided. Condition resolved. |
The HUD, Final CD already
provided at time of original submission. Reattaching for your reference. - xxxxxx |
The HUD, Final CD already
provided at time of original submission. Reattaching for your reference. - xxxxxx |
xxxxxx 14:46 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115429 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 02:29 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115429 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 5 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 02:30 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115435 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than
total amount of subject lien(s). The loan file contains title coverage as
$xxxxxx; however, the loan amount is for $xxxxxx. |
Please find attached Title
commitment for your reference, Thank you ! - xxxxxx |
Updated Title
provided. Condition resolved. -
xxxxxx Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xxxxxx Please find attached Title commitment for your reference, Thank you ! - xxxxxx |
xxxxxx 20:21 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115435 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 23:40 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115435 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
x | xxxxxx 00:33 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115451 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. A third party fraud report could not be found in the loan documents.
|
CLEARED FRAUD - xxxxxx FRAUD REPORT - xxxxxx |
Cleared Fraud Report
provided. Condition resolved. -
xxxxxx Third party fraud report is provided - xxxxxx CLEARED FRAUD - xxxxxx Condition upheld. Provide evidence that High Alerts on Fraud Report were cleared. - xxxxxx FRAUD REPORT - xxxxxx |
xxxxxx 19:59 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115451 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:45 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115451 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:44 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115460 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than
total amount of subject lien(s). Lender to provide the final title policy
that included the loan amount of $ xxxxxx. |
Confirming title
amount - xxxxxx |
Title provided. Condition resolved. - xxxxxx Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xxxxxx Confirming title amount - xxxxxx |
xxxxxx 19:09 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000115460 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 15:23 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000115460 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 15:22 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000115460 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Other Credit Finding | Lender to provide updated
xxxxxxF lock confirmation with xxxxxx reflecting the correct loan
documentation requirement. Loan was
approved with AUS 1 yr requirement but xxxxxx lock states 24 month full
documentation. |
See attached - xxxxxx |
Lock Provided. AUS Approved. - xxxxxx See attached - xxxxxx |
xxxxxx 19:03 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000115468 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 6 | xx/xx/xxxx | Credit | Missing VOM or VOR | Verification of Rent
(VOR)/Verification of Mortgage (VOM) Document is Missing. Per the AUS, The
amount of the rental housing expense must be verified and documented.
Acceptable documentation includes, but is not limited to one of the
following: a direct verification from a management company or individual
landlord, six months cancelled checks/equivalent payment source, six months
bank statements reflecting a clear and consistent payment to an organization
or individual, or a copy of a current fully executed lease agreement and two
months cancelled checks/equivalent payment source. This documentation is missing from the loan file for the borrower's primary residence at xxxxxx for $xxxxxx/month. |
See attached - xxxxxx |
VOR/VOM docs provided. Condition resolved. -
xxxxxx See attached - xxxxxx |
xxxxxx 19:59 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115468 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 6 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. |
See attached - xxxxxx |
Fraud Report provided. Condition resolved. - xxxxxx Third party fraud report is provided - xxxxxx See attached - xxxxxx |
xxxxxx 21:52 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115468 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 6 | xx/xx/xxxx | Compliance | Final CD: Calculating Cash to Close Adj. and Other Credits discrepancy | Post closing CD is missing
the 1) seller credit of $xxxxxx, 2)
The escrow of the mortgage insurance (see the IEADS & escrow statement
last page of the wet signed & PCD) . Provide corrected Post Close CD to reconcile
the true funds needed and used for the subject transaction. |
Please provide
clarification on this condition, Page
3 of the cd Does show Seller Credit ? not sure what is required. IEAD Is a 2 page document, 2nd page is the
signature addendum to the first. -
xxxxxx |
CD located in file. Condition resolved. - xxxxxx Please provide clarification on this condition, Page 3 of the cd Does show Seller Credit ? not sure what is required. IEAD Is a 2 page document, 2nd page is the signature addendum to the first. - xxxxxx |
xxxxxx 22:13 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115468 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 6 | xx/xx/xxxx | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain
the Approval/Underwriting Summary. Please provide the 1008 |
See attached 1008 - xxxxxx |
1008 provided. Condition resolved. - xxxxxx Approval/Underwriting Summary is fully present - xxxxxx See attached 1008 - xxxxxx |
xxxxxx 14:12 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115468 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 5 of 6 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. Missing 3rd party valuation
product. CU score >2.5. |
Please be advised, that the
CDA is only required when the CU score >3.5 - xxxxxx |
LCA in file has a score of
1. Condition resolved. - xxxxxx Please be advised, that the CDA is only required when the CU score >3.5 - xxxxxx |
xxxxxx 14:24 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115468 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 6 of 6 | xx/xx/xxxx | Credit | AUS (Manual) - Missing | A Manual Underwrite was
required, but not in evidence in the file. Provide all pages of the AUS. |
This is not a Manual
Underwrite, See attached approve
eligible DU - xxxxxx |
Approve eligible DU
provided. Condition resolved. - xxxxxx This is not a Manual Underwrite, See attached approve eligible DU - xxxxxx |
xxxxxx 19:55 | Resolved | 2 | 1 | 3 | 1 | ||
| 4000115477 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. A third party fraud report could not be found in the loan documents.
|
See attached - xxxxxx |
Third party fraud report is
provided - xxxxxx 3rd party fraud report provided. Condition resolved. - xxxxxx See attached - xxxxxx |
xxxxxx 19:22 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115477 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Validation if the properties located at xxxxxxt, xxxxxx, and
xxxxxx are located in an HOA were not found in the loan documents. |
See attached -- Cert - xxxxxx |
Docs provided. There are no
HOA's on properties. Condition resolved. - xxxxxx See attached -- Cert - xxxxxx |
xxxxxx 19:14 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115477 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
Do we need to provide
anything on this ? - xxxxxx |
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx Do we need to provide anything on this ? - xxxxxx The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. - xxxxxx |
xxxxxx 19:11 | Resolved | 1 | 1 | 3 | 1 | ||
| 4000115477 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
Do we need to provide
anything on this ? - xxxxxx |
Do we need to provide
anything on this ? - xxxxxx The loan meets all applicable compliance guidelines. - xxxxxx |
xxxxxx 17:25 | Cleared | 1 | 1 | 3 | 1 | ||
| 4000115499 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 17:49 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115499 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 17:49 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115499 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 17:50 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115504 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 19:37 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115504 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 19:37 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115504 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 19:39 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115521 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. DSCR / Business Purpose loans are
exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:38 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115521 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:39 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115521 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:38 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115522 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Missing Lease Agreement | Please clarify, we have
comparable rent schedule, I do not show a guideline that would require a
lease - xxxxxx |
Condition set in error.
Loan file contained a 1007 with the lease information and Market Rent. -
xxxxxx Condition set in error. Loan file contained a 1007 with the lease information and Market Rent. - xxxxxx Please clarify, we have comparable rent schedule, I do not show a guideline that would require a lease - xxxxxx |
xxxxxx 21:07 | Resolved | 3 | 1 | 3 | 1 | |||
| 4000115522 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 19:21 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115522 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 19:21 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115531 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Borrower 1 Executed 4506-T Missing | Borrower 1 Executed 4506-T
missing from the file. Lender to provide a fully executed 4506-T for the
borrower |
4506 - xxxxxx |
4506 provided. Condition resolved. - xxxxxx Borrower 1 Executed 4506-T Provided - xxxxxx 4506 - xxxxxx |
xxxxxx 18:23 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115531 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | Borrower 1 3rd Party VOE Prior to Close Missing | The 10 day verificatiion of
employment from xxxxxx is missing from the loan file. Borrower 1 3rd party
VOE prior to close missing. |
Business Search - xxxxxx |
Borrower 1 3rd Party VOE
prior to close was provided. - xxxxxx Business Search - xxxxxx |
xxxxxx 18:25 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115531 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 19:05 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115537 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Borrower 1 Executed 4506-T Missing | Borrower 1 Executed 4506-T
missing from the file. Lender to provide the fully executed 4506 T for the borrower. |
Not applicable- this is an
asset utilization loan- a 4506 is not required. - xxxxxx |
Borrower 1 Executed 4506-T
Provided - xxxxxx 4506 is not required due to income type, condition resolved. - xxxxxx Not applicable- this is an asset utilization loan- a 4506 is not required. - xxxxxx |
xxxxxx 20:26 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000115537 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 16:50 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000115537 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | Other Rider is Missing | Inter Vivos Revocable Trust
as Borrower Acknowledgement was not provided. |
attached security
instrument with all attachments -
xxxxxx |
Received complete DOT with
all riders - xxxxxx attached security instrument with all attachments - xxxxxx |
xxxxxx 13:29 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000115537 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Program Parameters - Guidelines Conformity | The subject loan does not
conform to program guidelines. The subject loan is closing in the name of a
trust; however, the property will be occupied as a second home rather than a
primary residence. Per guidelines, properties vested in a trust must be 1–2
unit primary residences. A formal exception supporting this structure is
included in the loan file. |
796 FICO, 100 months reserves, and $6,000/mo residual | xxxxxx 14:12 | Waived | 2 | 2 | 3 | 2 | |||
| 4000115538 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:03 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115538 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:04 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115538 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:03 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115555 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CDA with a Low Risk Score and CDA value of $xxxxxx
with 0.00% variance to the appraisal value which meets the lender's guidelines. |
xxxxxx 01:41 | Cleared | 1 | 1 | 2 | 2 | ||||
| 4000115555 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 01:41 | Cleared | 1 | 1 | 2 | 2 | ||||
| 4000115555 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Credit Profile - Other | There are additional
xxxxxxservations that could impact the credit decision and/or quality of the
loan. Lender to provide Exception for subject is a WVOE loan real Estate
Agent is a Dual Agent representing both seller and buyer. No IPC credits. |
Exception approved by
xxxxxx Bay on xxxxxx - xxxxxx |
Residual Income = $9k Fio 20+ above minimum required No IPC Credits |
xxxxxx 14:53 | Waived | 2 | 2 | 2 | 2 | ||
| 4000115562 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 21:14 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115562 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable
appraisal guidelines. |
Loan meets applicable
appraisal guidelines. - xxxxxx |
xxxxxx 21:14 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115562 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 21:14 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115563 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Borrower 1 Business Tax Returns Less Than 24 Months Provided | Unable to confirm only 1
year required due to AUS missing from file.
Borrower 1 business tax returns less than 24 months provided in the
file. |
DU - xxxxxx |
DU was provided. Two Years personal returns required, two
years for xxxxxx required, and one year for xxxxxx. All required income documents are in the
loan file. Condition resolved. - xxxxxx DU - xxxxxx |
xxxxxx 16:23 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115563 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 5 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 19:12 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115563 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 5 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Loan file did not contain mortgage statement, taxes and insurance
proof for xxxxxx |
CD and payment letter -
xxxxxx |
CD and 1st payment letter
provided. Condition resolved. -
xxxxxx CD and payment letter - xxxxxx |
xxxxxx 16:24 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115563 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 5 | xx/xx/xxxx | Credit | AUS (Manual) - Missing | A Manual Underwrite was
required, but not in evidence in the file. AUS run not in file key#xxxxxx |
DU - xxxxxx |
AUS (DU) provided. Condition resolved. - xxxxxx DU - xxxxxx |
xxxxxx 16:27 | Resolved | 2 | 1 | 3 | 1 | ||
| 4000115563 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 5 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. Missing 3rd party valuation
product. |
CDA - xxxxxx |
CDA supporting value was
provided. Condition resolved. -
xxxxxx CDA - xxxxxx |
xxxxxx 15:51 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115565 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:32 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115565 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 18:31 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115565 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:30 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115597 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 20:49 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115597 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 20:49 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115597 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 20:50 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115598 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 7 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. Provide third party fraud report. Condition upheld. Provided Fraud Report alone does not clear
the Fraud alerts on it. PDEROG01 - POSSIBLE DEROGATORY ACTIVITY NONARMS1 - POTENTIAL NON-ARMS LENGTH TRANSACTION ISSUE PPLLC1 - POTENTIAL PROPERTY OWNERSHIP ISSUE |
Fraud - xxxxxx fraud guard - xxxxxx |
Fraud Report and
explanation provided. Condition
resolved. - xxxxxx Third party fraud report is provided - xxxxxx Fraud - xxxxxx fraud guard - xxxxxx |
xxxxxx 21:12 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115598 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 7 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 03:46 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115598 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 7 | xx/xx/xxxx | Credit | Missing VOM or VOR | Verification of Rent
(VOR)/Verification of Mortgage (VOM) Document is Missing. Per the mortgage
payoff in file for the subject property, the borrower is XXXXXX XXXXX, a non
borrower. Per guidelines, a letter of explanation is required when a twelve
(12) month housing history is not applicable. This documentation is missing
from the loan file. Condition upheld.
Provide most 12 months cancelled checks showing Borrower has made the
subject mortgage payment. |
LOX - xxxxxx LOX - xxxxxx |
LOX about the mortgage
provided per guidelines, condition resolved.
- xxxxxx LOX - xxxxxx Condition upheld. Provide most 12 months cancelled checks showing Borrower has made the subject mortgage payment. - xxxxxx LOX - xxxxxx |
xxxxxx 17:31 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115598 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 7 | xx/xx/xxxx | Credit | Corporation/LLC: Certificate of Good Standing Doc is Missing | The loan file does not
contain the Corporation/LLC: Certificate of Good Standing. Per guidelines,
the Evidence of Good Standing (Certificate of Good Standing or online
printout from state website), dated within 30 days of closing is required.
This documentation is missing from the loan file. |
cert of GS - xxxxxx |
Condition voided. Document located in the file. - xxxxxx cert of GS - xxxxxx |
xxxxxx 21:34 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115598 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 7 | xx/xx/xxxx | Credit | Condo - Documentation | The loan file did not
contain required condo documentation (ie. Master HOI, Condo Questionnaire,
Condo Budget, Project Review). The condo questionnaire is missing from the
loan file. Condition upheld. Provide Condo docs. |
review requirements -
xxxxxx condo lox - xxxxxx |
Condition resolved based of
FNMA - xxxxxx review requirements - xxxxxx condo lox - xxxxxx |
xxxxxx 15:32 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115598 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 6 of 7 | xx/xx/xxxx | Credit | HO6 Master Insurance Policy is Missing | Missing Condo / PUD project
master insurance policy. Please provide the master policy for XXXXX XXXXX.
|
H06 - xxxxxx |
Located in file. -
xxxxxx HO-6 Master Insurance Policy is fully present - xxxxxx H06 - xxxxxx |
xxxxxx 21:38 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115598 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 7 of 7 | xx/xx/xxxx | Compliance | Missing Doc - Escrow Waiver Missing | Escrow Waiver is missing.
|
memo_escrow waiver -
xxxxxx |
Escrow waiver page 4 FCD -
xxxxxx memo_escrow waiver - xxxxxx |
xxxxxx 17:19 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115600 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Lender to provide the following:
xxxxxx.: Proof of PITA and Rental income. Positive cash flow of $xxxxxx used for approval from 2024 Sched E also missing from the loan file. xxxxxx: Proof of PITA and Rental income and Mortgage Payoff for xxxxxx loan. Negative cash flow of $-xxxxxx used for approval from 2024 Sched E also missing from the loan file. Per AUS xxxxxx loan ending in ****xxxxxx with a balance $xxxxxx and monthly payment of $xxxxxx was paid off before closing but no evidence was found in the loan file. |
See attached. - xxxxxx |
REO Docs provided.
Condition resolved. - xxxxxx See attached. - xxxxxx |
xxxxxx 15:11 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115600 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 23:29 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115600 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 23:29 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115620 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | AUS - Discrepancy | The AUS final approval data
does not match the 1003/1008 and/or file documents. The loan was approved
with a DTI of 43.506, but due to the miscalculation of the income from
Jxxxxxx, the DTI increased to 44.07. Please provide the final AUS. |
What is the miscalculation
of the income looks like AUS, 1003, and 1008 match? Please advise. - xxxxxx |
DTI recalculated is within
tolerance, condition resolved. -
xxxxxx What is the miscalculation of the income looks like AUS, 1003, and 1008 match? Please advise. - xxxxxx |
xxxxxx 14:57 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115620 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 15:17 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115620 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. Per the AUS, the Collateral
Underwriter Risk Score is 1.8 on a scale of 1 to 5. The Collateral
Underwriter is missing from the loan file.
|
UCDP low risk scores used
for secondary valuation. - xxxxxx |
CU and LCA were
provided. Condition resolved. -
xxxxxx UCDP low risk scores used for secondary valuation. - xxxxxx |
xxxxxx 18:19 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115624 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:46 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115624 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:46 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115624 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 18:47 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115632 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 21:06 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115632 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. Freddie Mac UDCP score
greater than 2.5. Provide a 3rd party valuation product. |
loe uw response - xxxxxx |
LCA in file has a score of
3.5. CU in file has a score of
2.4. Condition voided. - xxxxxx loe uw response - xxxxxx |
xxxxxx 21:29 | Void | 3 | 3 | 1 | |||
| 4000115632 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 21:07 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115637 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 23:47 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115637 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 23:48 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115637 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 23:48 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115662 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 23:27 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115662 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 23:28 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115662 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 23:28 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115666 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 22:17 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115666 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 22:17 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115666 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 22:17 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115668 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 19:11 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115668 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 19:12 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115668 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 19:11 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115718 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 20:05 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115718 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | Credit Documentation - Letter of Explanation | The loan file did not
contain a letter of explanation as required. Per the Property Inspection
Contingency Addendum, a home inspection was completed. Please provide the
Removal Addendum, the Property Inspection Contingency Removal Addendum, or
the Release Agreement. Also advise if
the items listed on the Service Agreement has been completed. |
Are these 2 conditions?
Credit Documentation - Letter of Explanation -- The loan file did not contain
a letter of explanation as required – Please advise what to explain? Borrower
was at current address for a decade and there are no inquiries on credit. I
have attached the two page Walk-through inspection sheet signed by the
borrower stating ‘no repairs’. - xxxxxx Are these 2 conditions? Credit Documentation - Letter of Explanation -- The loan file did not contain a letter of explanation as required – Please advise what to explain? Borrower was at current address for a decade and there are no inquiries on credit. - xxxxxx |
Contract Addendums
provided. Condition resolved. -
xxxxxx Are these 2 conditions? Credit Documentation - Letter of Explanation -- The loan file did not contain a letter of explanation as required – Please advise what to explain? Borrower was at current address for a decade and there are no inquiries on credit. I have attached the two page Walk-through inspection sheet signed by the borrower stating ‘no repairs’. - xxxxxx Are these 2 conditions? Credit Documentation - Letter of Explanation -- The loan file did not contain a letter of explanation as required – Please advise what to explain? Borrower was at current address for a decade and there are no inquiries on credit. - xxxxxx |
xxxxxx 14:41 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115718 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 20:06 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115734 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Borrower 1 Gap Credit Report is Missing | Borrower 1 Gap Credit
Report is Missing |
see attached - xxxxxx |
GAP/UDM Report provided. -
xxxxxx Borrower 1 Gap Credit Report is not missing. - xxxxxx see attached - xxxxxx |
xxxxxx 17:49 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000115734 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 15:29 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000115734 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 15:30 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000115734 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Borrower 1 CPA Letter Missing | Borrower 1 CPA letter
missing from the file. The loan was approved using P&L income. Per
guidelines, documentation that the CPA / CTEC license is verified and active
is required, but is missing from the loan file. |
see attached - xxxxxx |
IRS print-out confirming
status of CPA was provided. Condition
resolved. - xxxxxx see attached - xxxxxx |
xxxxxx 17:47 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000115741 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 5 | xx/xx/xxxx | Property | Appraisal - Miscellaneous | The subject appraisal
reflected issues. The following is missing from the documents: 1. Signed Appraisal Waiver 2. Third party review by an approved xxxxxx appraisal third party reviewer. |
See AUS confirming PIW and
printout about property - xxxxxx |
Condition voided, and
Missing AVM condition added. The Data
Verify Property Report is not an approved vendor per guidelines. - xxxxxx Per xxxxxx Guidelines: With a PIW the following AVM vendors are approved. provide AVM. Approved AVM Vendors: xxxxxx, xxxxxx, xxxxxx, xxxxxx, xxxxxx - xxxxxx See AUS confirming PIW and printout about property - xxxxxx |
xxxxxx 16:29 | Void | 3 | 4 | 1 | |||
| 4000115741 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 5 | xx/xx/xxxx | Credit | Assets - Earnest Money Deposit | The earnest money deposit
was not properly documented and/or sourced. Money transferred to third party
for earnest money deposit. Transfer of the funds to the closing agent from
the third party were not found in the loan documents. |
See attached - xxxxxx |
EMD verified. Condition resolved. - xxxxxx See attached - xxxxxx |
xxxxxx 16:31 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000115741 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 5 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 19:12 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000115741 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 5 | xx/xx/xxxx | Credit | Condo - Documentation | The loan file did not
contain required condo documentation (ie. Master HOI, Condo Questionnaire,
Condo Budget, Project Review). Lender to provide |
Condo Docs - xxxxxx |
FNMA CU Approval
provided. Condition resolved. -
xxxxxx Condo Docs - xxxxxx |
xxxxxx 16:25 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000115741 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 5 of 5 | xx/xx/xxxx | Property | Appraisal is Missing | The file is missing the
appraisal. |
See attached - xxxxxx |
Loan received a PIW. Vero
AVM was provided with a score of 96.
Condition resolved. - xxxxxx See attached - xxxxxx |
xxxxxx 15:05 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000115764 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 16:08 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115764 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 16:08 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115764 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Verification of Rent
(VOR)/Verification of Mortgage (VOM) Document is incomplete. The borrower has
been renting the primary residence located at xxxxxx for at least 5 months.
The monthly payment history of $xxxxxx, per the verification of rent is
missing from the loan file. |
vor - xxxxxx |
VOR provided. Condition resolved. - xxxxxx Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - xxxxxx vor - xxxxxx |
xxxxxx 21:44 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115765 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Liabilities - Adverse Credit Payoff | The loan file did not
verify that the required (collections/judgments/liens) were paid off. Per the
New York tax lien search, there is a total outstanding IRS liability of
$xxxxxx. Documentation evidencing that these liens have been paid in full has
not been provided. Alternatively, a letter of explanation along with a New
York affidavit of “not one and the same person” is required but is also
missing. The liens identified are as follows: $xxxxxx (xxxxxx), $xxxxxx
(xxxxxx), $xxxxxx (xxxxxx), $xxxxxx (xxxxxx), and $xxxxxx (xxxxxx).
Additionally, the xxxxxx payments reflected on the final Closing Disclosure
do not align with these liabilities. |
See attached - xxxxxx |
Email from Title states:
The federal tax liens raised in the report are expired from affecting real
property, therefore they were omitted from the report and lender was given a
clear policy. Condition resolved. - xxxxxx See attached - xxxxxx |
xxxxxx 16:03 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115765 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 18:28 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115765 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. The desk review in the loan
file is dated xxxxxx and the Note date isxxxxxx. Please provide the updated
desk review. |
See attached updated CDA -
xxxxxx |
CDA supporting value was
provided. Condition resolved. -
xxxxxx See attached updated CDA - xxxxxx |
xxxxxx 22:15 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115770 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 14:50 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115770 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 14:50 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115770 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 14:51 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115778 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:49 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115778 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:50 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115778 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 18:49 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115831 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 05:27 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115831 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 05:28 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115831 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 05:28 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115865 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. File does not contain proof of HOA dues for xxxxxx. |
HOA_xxxxxx - xxxxxx |
Docs provided. There are no
HOA dues. Condition resolved. - xxxxxx HOA_xxxxxx - xxxxxx |
xxxxxx 17:47 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115865 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 20:12 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115865 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 20:12 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000115886 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 04:58 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115886 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 04:59 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115886 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 04:59 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115942 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:42 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115942 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 13:34 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115942 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:44 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115950 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 19:05 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115950 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with a risk score of 1.0 and LCA with risk score
of 2.0 which meets the lender's third-party valuation requirement of one with
risk score of 2.5 or less. |
The loan file contains a CU
with a risk score of 1.0 and LCA with risk score of 2.0 which meets the
lender's third-party valuation requirement of one with risk score of 2.5 or
less. - xxxxxx |
xxxxxx 19:05 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115950 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 19:04 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115956 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:33 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115956 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:34 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115956 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:34 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000115975 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 15:51 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115975 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 15:52 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115975 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Please provide the xxxxxx rate lock agreement |
rate lock confirmation -
xxxxxx |
Evidence of Rate Lock
Provided - xxxxxx Received rate lock - xxxxxx rate lock confirmation - xxxxxx |
xxxxxx 16:09 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000115992 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were
satisfied. |
xxxxxx 16:56 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000115992 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | Missing Service Provider List | The loan file does not
contain the Service Provider List. Service Provider List was not completed.
|
The Providers of Service
disclosure does not reflect any vendor information. However, the executed
Final CD reflects services in Section B the buyer did not shop for, which
suggests they were offered by the creditor. Finding is valid. - xxxxxx There were no providers on the ssp so all title fees automatically in section B "did not shop" - xxxxxx |
Condition set in
error. There were no providers on the
ssp so all title fees automatically in section B "did not shop" -
xxxxxx There were no providers on the ssp so all title fees automatically in section B "did not shop" - xxxxxx |
xxxxxx 16:23 | Void | 4 | 4 | 1 | |||
| 4000115992 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Property Title Issue | Property title issue. The
loan was closed in the Borrower's name; however, the title shows it is vested
in a trust. Need verification of the title vesting to match the loan
documents. |
quitclaim - xxxxxx |
Quit Claim Deed at closing
was provided. Condition resolved. -
xxxxxx Property Title Issue Resolved - xxxxxx quitclaim - xxxxxx |
xxxxxx 16:26 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000116019 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:50 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116019 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:50 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116019 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:51 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116021 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 20:29 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116021 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 20:30 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116021 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 20:30 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116066 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:28 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116066 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:28 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116066 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:29 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116106 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 2 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 15:11 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000116106 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 2 | xx/xx/xxxx | Compliance | Missing Attorney Preference Letter | Right To Choose Attorney or
Attorney Preference not in file. The required What Mortgage Applicants Need
to Know NY State disclosure is missing from the file. |
see attached - xxxxxx |
Right To Choose Attorney or
Attorney Preference Resolved or Not Applicable - xxxxxx Received attorney preference - xxxxxx see attached - xxxxxx |
xxxxxx 20:17 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116188 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 19:21 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116188 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 19:21 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116188 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 19:22 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116192 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 19:55 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000116192 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU and LCA with risk scores =/or < 2.5 and a CDA
with Moderate Risk with 0.00% variance from the appraisal value which meets
the lender's guidelines. |
xxxxxx 19:54 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000116192 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Credit Documentation - Mortgage History | The loan file did not
contain sufficient mortgage payment history. Per the lender's guidelines, the
borrower's mortgage payment history required is 0x30x12 months and all
mortgage payments should be current at time of closing. The loan file is
missing evidence the borrower's primary mortgage was paid for the xxxxxx and
xxxxxx xxxxxx payment. The loan file
contains a credit report and mortgage statement verifying the primary
residence mortgage with xxxxxx acct #xxxxxx with a monthly payment of $xxxxxx
was paid through xxxxxx xxxxxx with the next payment due for xxxxxx. The subject loan closed on xxxxxx;
therefore, proof of the xxxxxxy and xxxxxx xxxxxx payments are required. |
Credit Refresh - xxxxxx |
Credit Refresh provided
showing payments were made on time.
Condition resolved. - xxxxxx Credit Refresh - xxxxxx |
xxxxxx 19:36 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116208 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 7 | xx/xx/xxxx | Credit | Purchase is not considered to be an Arm's Length Transaction | Non-arm's length
transactions not allowed for program. The borrower is purchasing the unit he
has lived in for the past 10 yrs.
There is a VOR in the file to confirm his residence. But per the
guidelines section 6.2 non arms length transactions are not allowed. The
lender will need to provide an exception from xxxxxxF. |
guidelines allow for non
arms length in regards to this type of transaction - xxxxxx |
Transaction is Arm's
length. Borrower is purchasing a place
he has rented for 11 years from the seller that has owned it since 2016. -
xxxxxx Purchase is considered to be an Arm's Length Transaction, or Not Applicable - xxxxxx guidelines allow for non arms length in regards to this type of transaction - xxxxxx |
xxxxxx 17:19 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116208 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 7 | xx/xx/xxxx | Credit | Gift Letter - No Evidence for Transfer of Funds | No evidence of the transfer
of gift funds from the donor to the borrower was located in the file. Lender
to provide evidence of gift funds transferred to the borrower's account in
the amount of $70,000. Will n need a copy of the donor's bank statement to
verify sufficient funds to give. |
gift letter memo -
xxxxxx |
Gift Wires were
provided. Condition resolved. -
xxxxxx gift letter memo - xxxxxx |
xxxxxx 17:39 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116208 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 7 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 22:09 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116208 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 7 | xx/xx/xxxx | Credit | Credit Documentation - Undisclosed Liabilities | An undisclosed liability
was found on the updated credit report that was not located on the original
credit report. Lender to provide the full amount that the borrower owes the
IRS, he has been making payments per his business checking account, Payment amount
has been increasing over the course of the year. Payment should of been include in the DTI.
Last payment made on xxxxxxas for $xxxxxx. |
lox - xxxxxx |
LOE provided. Condition resolved. - xxxxxx lox - xxxxxx |
xxxxxx 18:08 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116208 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 7 | xx/xx/xxxx | Credit | Income - Guideline Requirements | The income documents
provided in the loan file did not meet guidelines. |
income memo - xxxxxx |
Loan Underwritten and
Reviewed to ARK Guidelines. Condition
resolved. - xxxxxx income memo - xxxxxx |
– Accounts with anxxxxxxnth negative balance are not permitted and will result in a Refer for Manual Review. Borrower had a negative ending bal in his business account used for qualifying onxxxxxxLender to provide an exception from xxxxxx | xxxxxx 17:48 | Resolved | 3 | 1 | 3 | 1 | |
| 4000116208 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 6 of 7 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 22:10 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116208 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 7 of 7 | xx/xx/xxxx | Credit | Credit Profile - Other | There are additional
xxxxxxservations that could impact the credit decision and/or quality of the
loan. Lender to provide exception for the NSF's in his business account that
was used for qualifying. Borrower has 8 NSF in a 12 month period. |
memo income - xxxxxx |
Loan Underwritten and
Reviewed to ARK Guidelines. Condition
resolved. - xxxxxx memo income - xxxxxx |
xxxxxx 17:49 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116214 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 20:17 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116214 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 20:18 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116214 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 12:40 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116216 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 20:44 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116216 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 20:45 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116216 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 20:45 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116251 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 19:59 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116251 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 19:59 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116251 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 20:00 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116263 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Business Purpose - Loan Guaranty/Missing | The Personal Loan Guaranty
is missing. The Personal Guaranty is 3 pages. Only pages 1+2 are provided.
Missing the full Personal Guaranty with all pages signed by all 4 borrowers.
|
Please find attached
complete document for your reference. Thank you - xxxxxx |
Personal Guaranty for all
four borrowers was provided. Condition
resolved. - xxxxxx The Personal Loan Guaranty is not missing. - xxxxxx Please find attached complete document for your reference. Thank you - xxxxxx |
xxxxxx 20:04 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000116263 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 21:12 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000116263 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 21:12 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000116269 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:15 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116269 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:16 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116269 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:16 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116284 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 20:47 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116284 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 20:47 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116284 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 20:46 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116286 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Borrower 1 Executed 4506-T Missing | Borrower 1 Executed 4506-T
missing from the file. |
4506 - xxxxxx 4506 - xxxxxx |
Borrower 1 Executed 4506-T
Provided - xxxxxx 4506 provided. Condition resolved. - xxxxxx 4506 - xxxxxx Condition upheld. 4506 provided does not state the years requested. - xxxxxx 4506 - xxxxxx |
xxxxxx 14:02 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116286 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:55 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116286 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 18:55 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116289 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 00:56 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116289 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 00:57 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116289 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Final Settlement Statement Missing. | The final Settlement
Statement document is missing. Please provide the full final settlement
statement for xxxxxx |
See attached - xxxxxx |
Final Settlement Statement
provided. - xxxxxx See attached - xxxxxx |
xxxxxx 19:05 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116293 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:31 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116293 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:31 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116293 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:32 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116296 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 21:26 | Cleared | 1 | 1 | 4 | 2 | |||
| 4000116296 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 5 | xx/xx/xxxx | Compliance | Charges That Cannot Increase Test (50001251) | 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: Doc Tax
Stamps/Transfer Taxes – City/County, Appraisal 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)). Appraisal fee increased from $xxxxxx to $xxxxxx and transfer
taxes increased from $xxxxxx to $xxxxxx.
A CIC was not provided for either increase. |
Tolerance Cure - xxxxxx |
Received curative package:
PCCD, LOE, copy of refund check and
proof of mailing - xxxxxx Tolerance Cure - xxxxxx |
xxxxxx 17:40 | Cured | 3 | 2 | 4 | 2 | ||
| 4000116296 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 5 | xx/xx/xxxx | Compliance | Insufficient Change of Circumstance (50001252) | 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: Doc Tax Stamps/Transfer Taxes – City/County, Appraisal
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)). Appraisal fee increased from $xxxxxx to $xxxxxx and transfer
taxes increased from $xxxxxx to $xxxxxx.
A CIC was not provided for either increase. |
Resolved - xxxxxx |
xxxxxx 17:40 | Resolved | 3 | 1 | 4 | 2 | |||
| 4000116296 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 5 | xx/xx/xxxx | Credit | Other Credit Finding | The appraisal provided is
in black and white. Please provide the appraisal with the photos in
color. |
appraisal - xxxxxx |
Color Appraisal provided. -
xxxxxx appraisal - xxxxxx |
xxxxxx 16:29 | Resolved | 4 | 1 | 4 | 2 | ||
| 4000116296 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 5 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. The total payment for the first mortgage for the primary
residence (xxxxxx) that was used in the approval was $xxxxxx consisting of
the first mortgage of $xxxxxx and a second of $xxxxxx. The mortgage statement
for the first is in the loan file, but the mortgage statement for the second
is missing. Please provide the mortgage statement for the primary residence.
|
HELOC Statement - xxxxxx |
HELOC statement
provided. Condition resolved. -
xxxxxx HELOC Statement - xxxxxx |
xxxxxx 16:30 | Resolved | 3 | 1 | 4 | 2 | ||
| 4000116298 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 23:55 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116298 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 23:55 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116298 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. The HOA information is missing forxxxxxx and xxxxxx. |
The Realtor.com online
print out does not indicate an HOA dues for the property and DOT for the
property does not indicate subject is a PUD. - xxxxxx |
HOA for REO was
provided. Condition resolved. -
xxxxxx The Realtor.com online print out does not indicate an HOA dues for the property and DOT for the property does not indicate subject is a PUD. - xxxxxx |
xxxxxx 14:30 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116301 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. The subject transaction is closing in TRUST, accordingly
following FNMA, all properties which are in said TRUST are liabilities that
are to be included in the ratios. REO:xxxxxx identified on the fraud report
is not disclosed on the loan application and it is to be included in the
total ratios. The loan file is missing this property being disclosed on the
loan application and all of it's components.
|
The property in question
flagged in Dataverify is owned by B1’s parents named xxxxxx vested in their own Trust called the
xxxxxx . This is a different Trust with a different name and different
trustees. This property is not in the xxxxxx which our transaction vested in.
- xxxxxx |
Explanation provided. Cited property is not Borrower's. -
xxxxxx The property in question flagged in Dataverify is owned by B1’s parents named xxxxxx vested in their own Trust called thexxxxxx. This is a different Trust with a different name and different trustees. This property is not in the xxxxxx which our transaction vested in. - xxxxxx |
xxxxxx 14:48 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116301 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 13:35 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116301 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 5 | xx/xx/xxxx | Credit | Missing Closing/Final Verbal VOE | Missing the VOE within 10
days of closing for both B1 & B2. |
See attached - xxxxxx |
VVOE's for both Borrowers
were provided. Condition resolved. -
xxxxxx See attached - xxxxxx |
xxxxxx 15:05 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116301 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 5 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 13:35 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116301 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 5 | xx/xx/xxxx | Property | Appraisal - Miscellaneous | The subject appraisal
reflected issues. Lender to provide a Property Data Inspection (PDI) or other
appropriate documentation confirming the property's correct flood zone
designation. Additionally, please confirm whether the appraiser will revise
the appraisal report to align with the flood certification if
applicable. The Flood Certificate
indicates the property is located in Flood Zone X, and the Appraisal Report
reflects the property as being located in Flood Zone A. |
See attached - xxxxxx |
Appraisal update
provided. Condition resolved. -
xxxxxx See attached - xxxxxx |
xxxxxx 15:10 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116302 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 22:13 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116302 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 22:13 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116302 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 22:13 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116327 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 17:56 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116327 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 17:57 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116327 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 17:57 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116333 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. A third party fraud report could not be found in the loan documents.
|
See attached - xxxxxx |
Fraud Report provided. - xxxxxx Third party fraud report is provided - xxxxxx See attached - xxxxxx |
xxxxxx 15:18 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116333 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 23:15 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116333 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 23:16 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116339 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 19:24 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116339 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 19:25 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116339 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 19:24 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116357 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:22 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116357 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 5 | xx/xx/xxxx | Credit | Approval - Lender Income Calculation Missing | The loan file did not
contain the lender income calculation worksheet as required. Please provide
the income calculator used in the approval. The borrower is self employed
with 3 business and rental loss was also included in the approval. Auditor is
unable to determine how the income was calculated. |
Income WS - xxxxxx |
Lender income worksheet
provided. Condition resolved. -
xxxxxx Income WS - xxxxxx |
xxxxxx 23:11 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116357 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 5 | xx/xx/xxxx | Credit | Corporation/LLC: Operating Agreement Doc is Missing | The loan file does not
contain the Corporation/LLC: Operating Agreement. Business funds from xxxxxx
was used in the approval. Although there is a letter from the bank showing
that the borrower is the only signor, the operating agreement or other
documentation showing the percentage of ownership is missing from the loan
file. |
oa - xxxxxx |
Operating Agreement showing
borrower is 100% vested was provided.
Condition resolved. - xxxxxx oa - xxxxxx |
xxxxxx 19:42 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116357 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 5 | xx/xx/xxxx | Compliance | Missing Doc - Escrow Waiver Missing | Escrow Waiver is missing.
Please provide the escrow waiver |
escrow waiver - xxxxxx |
Page 4 of CD - xxxxxx escrow waiver - xxxxxx |
xxxxxx 16:26 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116357 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 5 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. Missing 3rd party valuation
(CDA). AVM is not acceptable per
Guidelines. |
CDA - xxxxxx AVM - xxxxxx |
CDA supporting value was
provided. Condition resolved. -
xxxxxx CDA - xxxxxx Condition upheld. The loan file did not contain the required 3rd party valuation product. Missing 3rd party valuation (CDA). AVM is not acceptable per Guidelines. - xxxxxx AVM - xxxxxx |
xxxxxx 19:45 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116367 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with a risk score of 1.3 which meets the lender's
guideline requirement. |
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with a risk score of 1.3 which meets the lender's
guideline requirement. - xxxxxx |
xxxxxx 15:52 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116367 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. Please provide the fraud report. |
fraud - xxxxxx |
Fraud Report provided. Condition resolved. - xxxxxx fraud - xxxxxx |
xxxxxx 19:04 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116367 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 15:53 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116367 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | FHA Loan - Inspection/Missing | The final inspection was
missing from the file or on the incorrect form. Missing evidence of a smoke
detector inspection and evidence of C.O. detector installed as required per
xxxxxx Tax Office on rentals as per the New Jersey Tax & Assessment Search
provided in the loan file. The loan
file contains the appraisal for the subject property effective date xxxxxx;
however, the appraiser did not verify the subject property contains a C.O.
detector nor does the loan file contain a smoke detector inspection. |
smoke cert - xxxxxx |
Inspection Cert from the
Township was provided. Condition
resolved. - xxxxxx smoke cert - xxxxxx |
xxxxxx 19:03 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116370 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Asset 1 Less Than 2 Months Verified | Asset has less than 2
months verified in file. Lender only requires 1 months of Asset Verification
|
xxxxxx 20:24 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116370 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 20:22 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116370 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were
satisfied. - xxxxxx |
xxxxxx 20:23 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116370 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 20:26 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116377 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 21:14 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000116377 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | Borrower 1 Gap Credit Report is Missing | Borrower 1 Gap Credit
Report is Missing |
The credit report is dated
xxxxxx or 101 days old which is more than the allowable of 90 days;
therefore, a gap report is required. -
xxxxxx See credit refresh dated xxxxxx (attached). - xxxxxx See attached credit refresh and 1008. - xxxxxx |
GAP/UDM Report
provided. Condition resolved. -
xxxxxx Borrower 1 Gap Credit Report is not missing. - xxxxxx See credit refresh dated xxxxxx (attached). - xxxxxx Condition upheld. Provide GAP/UDM report. Report provided is not complete. - xxxxxx See attached credit refresh and 1008. - xxxxxx |
xxxxxx 20:21 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000116377 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 21:13 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000116381 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:28 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116381 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | Final Settlement Statement Missing. | The final Settlement
Statement document is missing. Per the final 1003 the property located
atxxxxxx is pending sale. Please provide the final closing disclosure showing
Roundpoint being paid in full. |
We hit borrowers with full
PITI for this property because it's not sold yet and they did not need any
funds from this property. - xxxxxx |
Lender hit borrower with
full payment from this property, condition resolved. - xxxxxx We hit borrowers with full PITI for this property because it's not sold yet and they did not need any funds from this property. - xxxxxx |
xxxxxx 19:36 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116381 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 18:28 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116395 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 17:17 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116395 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 17:16 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116395 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 17:16 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116401 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 00:03 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116401 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 00:03 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116401 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 00:04 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116402 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Credit Documentation - Lien Documentation | The loan file did not
contain sufficient documentation to verify the (senior/subordinate) lien as
required. Missing satisfactory of Judgement/Lien in the amount of $xxxxxx
reflected on title. |
Final title policy with
only the xxxxxx lien present - xxxxxx |
Final Title provided. No other liens. Condition resolved. - xxxxxx Final title policy with only the xxxxxx lien present - xxxxxx |
xxxxxx 19:43 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116402 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:47 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116402 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:48 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116409 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 21:08 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116409 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 21:09 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116409 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 21:09 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116416 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 6 | xx/xx/xxxx | Credit | Borrower 1 3rd Party VOE Prior to Close Missing | Borrower 1 3rd party VOE
prior to close missing. The loan file is missing the VVOE. |
VOE - The Work Number -
xxxxxx |
Borrower 1 3rd Party VOE
prior to close was provided. - xxxxxx VOE - The Work Number - xxxxxx |
Work Number provided. Condition resolved. | xxxxxx 18:01 | Resolved | 3 | 1 | 4 | 2 | |
| 4000116416 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 6 | xx/xx/xxxx | Property | Appraisal - Miscellaneous | The subject appraisal
reflected issues. xxxxxx is requesting a Post Close Investor Exception to
allow xxxxxx to deliver a loan 93 days old + with Unremitted Space + with a
7/6 SOFR ARM with a Margin of 2.750. xxxxxx closed a loan and the subject
property has an Unremitted Space in the detached garage. The original
investor (xxxxxx) that we delivered our loan to & deemed the property
ineligible due to the Unpermitted Space. Appraisal supports all of the
Following: -a cost to cure to return the space to its original use -
unpermitted space is NOT included in GLA. The loan file did not contain axxxxxxte pay history with final credit report to reflect no delinquent payments and refreshed FICP pull to ensure no score drift (drift may require a reprice) as per the exception approval. Unable to clear until Other Credit Finding has been satisfied. (Exception on page 433) |
Pay history and UDN -
xxxxxx |
Signed xxxxxx Exception
provided for: Exceptions approved in
Expanded Prime+ as follows: 1) no exception for unpermitted area provided
FNMA followed, 2) 90+ day-old loan - must provide up to date pay history with
final credit file, no delinquent payments and refreshed FICP pull to ensure
no score drift (drift may require a reprice) 3) 7-6 ARM SOFR with 2.75 margin. No additional exceptions and loan subject to final review. - xxxxxx Pending Credit Refresh as required. - xxxxxx Pay history and UDN - xxxxxx |
Comp factors: LTV 60%, Credit score >775, DTI <45%, Reserves >290 months |
xxxxxx 18:31 | Waived | 3 | 2 | 4 | 2 | |
| 4000116416 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 6 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 00:18 | Cleared | 1 | 1 | 4 | 2 | ||||
| 4000116416 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 6 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Lender to provide xxxxxx lock confirmation with xxxxxx, missing from
the loan file Unable to resolve until additional conditions are resolved
(Other Credit Finding). Lock may be
subject to needing change. |
Lock Confirmation -
xxxxxx |
Investor Rate lock provided
- xxxxxx Pending Credit Refresh as required. - xxxxxx Lock Confirmation - xxxxxx |
xxxxxx 18:27 | Resolved | 3 | 1 | 4 | 2 | ||
| 4000116416 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 6 | xx/xx/xxxx | Credit | Other Credit Finding | Please Note: In order for xxxxxx Exception to be
approved the following needs to be provided:
Provide all. 1. no exception for unpermitted area provided FNMA followed. Provide evidence of such. 2. 90+ day-old loan - must provide up to date pay history with final credit file, no delinquent payments. Per Pay History provided, 1st payment due onxxxxxx, payment effective onxxxxxx. Was Borrower late paying? Provide explanation. 3. refreshed FICP pull to ensure no score drift (drift may require a reprice) |
UW's Response - xxxxxx |
New Credit Report provided
per Exception and no drop in Credit Score.
- xxxxxx Pending Credit Refresh as required. - xxxxxx UW's Response - xxxxxx |
xxxxxx 18:26 | Resolved | 4 | 1 | 4 | 2 | ||
| 4000116416 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 6 of 6 | xx/xx/xxxx | Credit | Credit Documentation - FICO Refresh | Updated FICO score below
minimum requirement. Per Exception, please provide a credit refresh. (refreshed FICP pull to ensure no score
drift (drift may require a reprice) |
New Credit Report -
xxxxxx |
New Credit Report
provided. Condition resolved. -
xxxxxx New Credit Report - xxxxxx |
xxxxxx 18:21 | Resolved | 3 | 1 | 4 | 2 | ||
| 4000116431 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Missing lock confirmation from xxxxxx and xxxxxx. |
Lock confirmation uploaded
- xxxxxx |
Investor lock
provided. Condition resolved. -
xxxxxx Evidence of Rate Lock Provided - xxxxxx Lock confirmation uploaded - xxxxxx |
xxxxxx 13:56 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116431 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. The loan file is missing the Fraud Report. |
Fraud report uploaded -
xxxxxx |
Fraud Report provided. Condition resolved. - xxxxxx Third party fraud report is provided - xxxxxx Fraud report uploaded - xxxxxx |
xxxxxx 14:02 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116431 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 16:20 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000116431 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. |
CDA value $xxxxxx. Appraisal value is $xxxxxx - xxxxxx |
CDA supporting value was
provided. Condition resolved. -
xxxxxx CDA value $xxxxxx. Appraisal value is $xxxxxx - xxxxxx |
xxxxxx 14:05 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116435 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 20:40 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116435 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Please provide the xxxxxx Rate Lock Agreement |
Investor Lock provided. -
xxxxxx see attached lock - xxxxxx |
Investor Lock provided. -
xxxxxx Evidence of Rate Lock Provided - xxxxxx see attached lock - xxxxxx |
xxxxxx 20:30 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116435 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 20:40 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116452 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than
total amount of subject lien(s). The title did not contain any title
insurance coverage. |
TITLE - xxxxxx |
Final Title provided. Condition resolved. - xxxxxx Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xxxxxx TITLE - xxxxxx |
xxxxxx 18:34 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116452 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 14:36 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116452 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 14:35 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116472 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 20:12 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116472 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 20:13 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116472 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 20:12 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116479 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines - xxxxxx |
xxxxxx 00:02 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116479 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 00:02 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116479 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 00:03 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116485 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 00:29 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116485 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. The loan file contains a CU
and LCA dated xxxxxx that are outdated. The lender xxxxxxtained the required
Appraisal Update effective xxxxxx verifying the value of $xxxxxx; however, the
loan file does not contain an updated third-party review. |
updated SSR with CU score
of 1 - xxxxxx memo - xxxxxx ssr - xxxxxx |
CU Score is 1.8. Condition resolved. - xxxxxx updated SSR with CU score of 1 - xxxxxx Condition upheld. Both the CU and LCA provided and the ones in the file has no scores. Provide CDA. - xxxxxx memo - xxxxxx Condition upheld. Both the CU and LCA provided and the ones in the file has no scores. Provide CDA. - xxxxxx ssr - xxxxxx |
xxxxxx 19:34 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116485 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 00:30 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116485 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Property | Appraisal is Expired | Primary value appraisal is
expired. Appraisal was completed in xxxxxx xxxxxx, loan closed in 2026,
appraisal is expired. |
memo - xxxxxx |
Guidelines allow for
Appraisal up to 120 days. Recert of
Value is also in file datedxxxxxx
Condition resolved. - xxxxxx memo - xxxxxx |
xxxxxx 18:43 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116502 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with a risk score of 1.0 which meets the lender's
Agency guidelines with DU approval.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with a risk score of 1.0 which meets the lender's
Agency guidelines with DU approval. - xxxxxx |
xxxxxx 00:20 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116502 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Borrower 1 CPA Letter Missing | Borrower 1 CPA letter
missing from the file. The loan file does not contain the CPA letter
verifying the borrower is 50% owner of xxxxxx. as required per the
guidelines. The borrower states 50% ownership of the business for 4 years on
the loan application. The lender xxxxxxtained a VVOE verifying the borrower
owns the business and the business is open and running dated xxxxxxowever,
the CPA letter is missing. A signed letter from a CPA or Underwriter Cash
Flow Analysis must also be xxxxxxtained verifying that the withdrawal of
funds for the transaction will not have a negative impact on the business |
CPA letter - xxxxxx |
CPA Letter provided. Condition resolved. - xxxxxx Borrower 1 CPA letter provided - xxxxxx CPA letter - xxxxxx |
xxxxxx 20:17 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116502 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | HO6 Master Insurance Policy is Partial | Project master insurance
policy partially provided. Missing evidence of rent loss coverage as required
by the lender's guidelines. |
rent loss coverage not
needed - xxxxxx |
DU. Not required. - xxxxxx HO-6 Master Insurance Policy is fully present - xxxxxx rent loss coverage not needed - xxxxxx |
xxxxxx 18:58 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116502 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 00:20 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116506 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 5 | xx/xx/xxxx | Property | Property Issue - Neighborhood Location | The subject appraisal
verified a neigxxxxxxorhood location not allowed per guidelines. Per the
appraisal, the subject property is located in a rural area. Per guidelines,
rural properties are ineligible for the DSCR Program. |
please see attached - xxxxxx |
Updated Appraisal
provided. Condition resolved. -
xxxxxx Primary Value Valuation Neigxxxxxxorhood Location Allowed for Program - xxxxxx please see attached - xxxxxx |
xxxxxx 19:53 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116506 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 5 | xx/xx/xxxx | Credit | Missing Lease Agreement | Please provide a copy of
the lease agreement for the Subject Property. |
see attached - xxxxxx Please review the appraisal for the market rent used with the month to month rental. - xxxxxx |
Lease provided. Condition resolved. - xxxxxx see attached - xxxxxx Condition upheld. Appraiser states subject is Month to Month, which falls into Short-term. Provide the current lease agreement. - xxxxxx Please review the appraisal for the market rent used with the month to month rental. - xxxxxx |
xxxxxx 15:25 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116506 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 5 | xx/xx/xxxx | Credit | Income - LOE Missing | The loan file did not
contain a letter of explanation as required. Please provide a Letter of
Explanation (LOE) by the Borrower detailing relevant real estate experience,
as required by guidelines. |
see attached - xxxxxx |
LOE provided. Condition resolved. - xxxxxx see attached - xxxxxx |
xxxxxx 15:21 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116506 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 5 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Please provide the xxxxxx Rate Lock Agreement |
see attached - xxxxxx |
Investor lock
provided. Condition resolved. -
xxxxxx Evidence of Rate Lock Provided - xxxxxx see attached - xxxxxx |
xxxxxx 17:54 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116506 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 5 | xx/xx/xxxx | Compliance | Missing Doc - Escrow Waiver Missing | Escrow Waiver is missing.
Please provide the escrow waiver. |
see attached - xxxxxx |
Received escrow waiver -
xxxxxx see attached - xxxxxx |
xxxxxx 13:42 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116509 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 6 | xx/xx/xxxx | Credit | Income and Employment Do Not Meet Guidelines | Income and employment do
not meet guidelines. A business narrative is required per guidelines. Please
provide the Self Employed Business Narrative Form. |
See attached - xxxxxx |
Narrative provided,
condition resolved. - xxxxxx See attached - xxxxxx |
xxxxxx 17:28 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000116509 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 6 | xx/xx/xxxx | Credit | Asset 4 Missing | Asset documentation is
missing from the file. The loan was approved with funds from the xxxxxx
account ending in xxxxxx with a balance of $xxxxxx. This statement is missing
from the loan file. |
See attached - xxxxxx |
Finding resolved, new
finding launched for client visibility.
- xxxxxx Condition upheld. Provide actual statement with Borrower's name and address. - xxxxxx Condition upheld. Provide actual statement with Borrower's name and address. - xxxxxx Condition upheld. Provide actual statement with Borrower's name and address. - xxxxxx See attached - xxxxxx |
xxxxxx 17:57 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000116509 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 6 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 16:57 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000116509 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 6 | xx/xx/xxxx | Compliance | TRID: Missing Initial Closing Disclosure | The loan file does not
contain the initial Closing Disclosure. |
Initial CD - xxxxxx |
Received initial CD -
xxxxxx Received initial CD - xxxxxx Initial CD - xxxxxx |
xxxxxx 15:17 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000116509 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 6 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. The xxxxxx rate lock agreement is missing from the loan file. |
We always have our lock in
the file. This is what we have always provided. - xxxxxx |
Investor Lock
provided. Condition resolved. -
xxxxxx Evidence of Rate Lock Provided - xxxxxx We always have our lock in the file. This is what we have always provided. - xxxxxx |
xxxxxx 18:43 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000116509 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 6 of 6 | xx/xx/xxxx | Credit | Asset 1 Does Not Meet Guideline Requirements | Asset does not meet G/L
Requirements. The loan was approved with funds from the xxxxxx account ending
in xxxxxx with a balance of xxxxxx. This statement is missing from the loan
file, please provide the statement with borrower name to confirm. |
provided - xxxxxx |
Business Statement for
xxxxxx was provided. - xxxxxx provided - xxxxxx |
xxxxxx 15:37 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000116513 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 00:52 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116513 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 00:52 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116513 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 00:52 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116522 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 19:32 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116522 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 19:31 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116522 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 19:31 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116531 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than
total amount of subject lien(s). The title coverage per the title commitment
dated xxxxxx is $xxxxxx which is less than the final loan amount of
$xxxxxx. |
See attached - xxxxxx |
Updated Title
provided. Condition resolved. -
xxxxxx Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xxxxxx See attached - xxxxxx |
xxxxxx 13:14 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116531 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 17:24 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000116531 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with risk score < 2.5 and a CDA with Low Risk
and 0.00% CDA to Appraisal variance which meets the lender's guidelines. |
xxxxxx 17:24 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000116536 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Program Parameters - Guidelines Conformity | The subject loan does not
conform to program guidelines. The subject has an unpermitted living
addition. A formal exception is located in the loan file |
75% LTV. Credit score is
greater than 780. DTI is less than 40%. Residual income is greater than
$xxxxxx |
xxxxxx 15:33 | Waived | 2 | 2 | 3 | 2 | |||
| 4000116536 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:21 | Cleared | 1 | 1 | 3 | 2 | ||||
| 4000116536 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. The xxxxxx rate lock agreement is missing from the loan file. |
Rate lock - xxxxxx |
Investor Lock provided. -
xxxxxx Rate lock - xxxxxx |
xxxxxx 15:47 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000116537 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 00:39 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116537 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 00:39 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116537 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 00:38 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116539 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 2 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 19:56 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116539 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 2 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 19:56 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116544 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 22:52 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116544 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 22:53 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116544 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 22:53 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116548 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 14:48 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116548 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 14:48 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116548 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 14:48 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116555 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | QM: Safe Harbor APOR (APOR SH) | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were
satisfied. |
xxxxxx 20:17 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000116555 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | QM: Safe Harbor APOR (APOR SH) | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Missing mortgage statement or closing disclosure for new xxxxxx
xxxxxx loan# xxxxxx secured by xxxxxx. and the insurance and lease statement
for xxxxxx |
CD, mortgage statement -
xxxxxx |
REO Docs were
provided. Condition resolved. -
xxxxxx CD, mortgage statement - xxxxxx |
xxxxxx 16:50 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116555 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | QM: Safe Harbor APOR (APOR SH) | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 20:16 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000116567 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 22:16 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116567 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 22:15 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116567 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 22:16 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116587 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | The Final 1003 is Missing | The final 1003 is missing.
The Final 1003 based on Note Date of xxxxxxs not in file. |
Final 1003 attached -
xxxxxx |
Final 1003 provided. Condition resolved. - xxxxxx The final 1003 has been provided. - xxxxxx Final 1003 attached - xxxxxx |
xxxxxx 21:38 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116587 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | Borrower 1 3rd Party VOE Prior to Close Missing | Borrower 1 3rd party VOE
prior to close missing. VVOEs were not provided for xxxxxx, xxxxxx, or
xxxxxx. |
xxxxxx license search was
completed onxxxxxx with current status disclosed to be in existence with no
adverse status disclosed. For xxxxxx
and xxxxxx a VOE isn't required as no income was used to qualify the borrower. These two companies were included in the
application for the most conservative income calculation for all
businesses. The monthly loss of
$xxxxxx and $xxxxxx were included to reduce available income for
qualifying. Since no income was used
to qualify a VOE would not be required. - xxxxxx |
VVOE provided. Condition resolved. - xxxxxx Borrower 1 3rd Party VOE prior to close was provided. - xxxxxx xxxxxx license search was completed onxxxxxx with current status disclosed to be in existence with no adverse status disclosed. For xxxxxx and xxxxxx a VOE isn't required as no income was used to qualify the borrower. These two companies were included in the application for the most conservative income calculation for all businesses. The monthly loss of $xxxxxx and $xxxxxx were included to reduce available income for qualifying. Since no income was used to qualify a VOE would not be required. - xxxxxx |
xxxxxx 13:32 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116587 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 19:14 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000116593 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Borrower 1 Executed 4506-T Missing | Borrower 1 Executed 4506-T
missing from the file. Lender to provide a fully executed 4506-T for the
borrower |
For 4506-T- is not required
due to WVOE program, please review and clear condition. Thank you - xxxxxx |
Not required on P&L
program. - xxxxxx Borrower 1 Executed 4506-T Provided - xxxxxx For 4506-T- is not required due to WVOE program, please review and clear condition. Thank you - xxxxxx |
xxxxxx 21:31 | Void | 3 | 4 | 1 | |||
| 4000116593 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 04:54 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000116593 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 04:54 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000116593 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Other Credit Finding | The appraisal reflects that
the subject property is owner-occupied, but the transaction is a refinance of
an investment property. |
UW response attached,
please review and clarify. Thank you - xxxxxx |
Explanation from seller has
been provided stating: The subject was
O/O and closed concurrently with xxxxxx #xxxxxx which is the purchase of a
new Primary. - xxxxxx UW response attached, please review and clarify. Thank you - xxxxxx |
xxxxxx 21:08 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000116599 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 17:21 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116599 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 17:21 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116599 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 17:22 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116617 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than
total amount of subject lien(s). Preliminary Title reflects coverage of
$xxxxxx. Coverage amount should be $xxxxxx. |
Attached - xxxxxx |
Updated Title
provided. Condition resolved. -
xxxxxx Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xxxxxx Attached - xxxxxx |
xxxxxx 14:08 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116617 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 21:52 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000116617 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 21:53 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000116622 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 14:15 | Cleared | 1 | 1 | 2 | 2 | |||
| 4000116622 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 14:16 | Cleared | 1 | 1 | 2 | 2 | |||
| 4000116622 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Program Parameters - Guidelines Conformity | The subject loan does not
conform to program guidelines. The borrower is a first-time investor. The
loan file includes an executed lease reflecting monthly rental income of
$xxxxxx, which was used in the approval rather than the appraised market rent
of $xxxxxx. Per guidelines, qualifying rental income must be based on the
lesser of (A) the executed lease agreement or (B) the market rent supported
by the appraisal. A formal exception addressing this variance is included in
the loan file. |
Credit score is greater than 730. DSCR is greater than 1.10. LTV of 75% | xxxxxx 03:17 | Waived | 2 | 2 | 2 | 2 | |||
| 4000116632 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 22:46 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116632 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 22:46 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116632 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 22:46 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116635 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 16:03 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116635 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 16:04 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116635 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
Can you please verify if i
need to provide documents? - xxxxxx |
Can you please verify if i
need to provide documents? - xxxxxx |
xxxxxx 13:33 | Cleared | 1 | 1 | 1 | 1 | ||
| 4000116638 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Citizenship Documentation Not Provided | Borrower 1 xxxxxxzenship
Documentation is missing from the file. The borrower is a permanent resident
alien. Evidence of the borrower's lawful permanent residency is missing from
the loan file. |
greencard - xxxxxx |
Perm Resident Card
provided. Condition resolved. -
xxxxxx greencard - xxxxxx |
xxxxxx 22:33 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116638 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain
the Approval/Underwriting Summary. Please provide the 1008 |
1008 - xxxxxx |
1008 provided. Condition resolved. - xxxxxx Approval/Underwriting Summary is fully present - xxxxxx 1008 - xxxxxx |
xxxxxx 22:35 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116638 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | Missing Lease Agreement | Please provide the lease
agreement for the subject property |
Not Using Rental Income to
qualify - xxxxxx |
No lease agreement. Full subject PITIA is included in DTI. -
xxxxxx Not Using Rental Income to qualify - xxxxxx |
xxxxxx 22:38 | Void | 3 | 3 | 1 | |||
| 4000116638 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Please provide the xxxxxx Bay Rate Lock agreement |
xxxxxx Lock - xxxxxx |
Investor Lock
provided. Condition resolved. -
xxxxxx Evidence of Rate Lock Provided - xxxxxx xxxxxx Lock - xxxxxx |
xxxxxx 22:36 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116641 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 00:09 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116641 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 00:09 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116641 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 00:09 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116667 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 00:27 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116667 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 00:27 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116667 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 00:26 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116678 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Borrower 1 Executed 4506-T Missing | Borrower 1 Executed 4506-T
missing from the file. Lender to provide the fully executed 4506 T for the
borrower |
1. 4506-T is not needed for
this loan since it's WVOE program. - xxxxxx |
Borrower 1 Executed 4506-T
Provided - xxxxxx 4506-T is not needed for this loan since it's WVOE program. Condition resolved. - xxxxxx 1. 4506-T is not needed for this loan since it's WVOE program. - xxxxxx |
xxxxxx 21:32 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000116678 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 5 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 01:31 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000116678 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 5 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. Please provide a valid
third party valuation product to support the appraised value. |
2. 3rd party valuation is
not needed since CU score is 1.00- see attached SSR for CU score. This form
is also included in the appraisal folder. - xxxxxx |
3rd party valuation
provided. Condition resolved. - xxxxxx 2. 3rd party valuation is not needed since CU score is 1.00- see attached SSR for CU score. This form is also included in the appraisal folder. - xxxxxx |
xxxxxx 14:32 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000116678 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 5 | xx/xx/xxxx | Credit | Gift Letter - No Evidence for Transfer of Funds | No evidence of the transfer
of gift funds from the donor to the borrower was located in the file. The
gift of $xxxxxx was wired to closing, but the final CD doesn't reflect the
gift. Without those funds the borrower is short on reserves and cash to close.
Please provide the post close CD reflecting the transfer of the gift. |
4. Here is the CD
reflecting $xxxxxx gift funds. - xxxxxx |
Post close CD provided.
Condition resolved. - xxxxxx 4. Here is the CD reflecting $xxxxxx gift funds. - xxxxxx |
xxxxxx 14:38 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000116678 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 5 | xx/xx/xxxx | Property | Appraisal is Missing | The file is missing the
appraisal. File is missing secondary valuation. |
appraisal - xxxxxx |
Appraisal is Present or is
Waived - xxxxxx appraisal - xxxxxx |
xxxxxx 14:35 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000116726 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Lender to provide Evidence of Rate lock and the most recent xxxxxxF
Lock confirmation between xxxxxxF and xxxxxx |
lock - xxxxxx |
Investor Rate Lock
provided. Condition resolved. -
xxxxxx lock - xxxxxx |
xxxxxx 15:04 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116726 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 21:15 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000116726 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 21:15 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000116735 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 15:01 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116735 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 15:01 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116735 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. The loan file did not contain the mortgage statements, HOI,
property Taxes or HOA information for the Primary xxxxxx, xxxxxx or xxxxxx.
Please provide the missing information so the correct payment amounts can be
verified. |
REO Docs - xxxxxx |
REO docs were
provided. Condition resolved. -
xxxxxx REO Docs - xxxxxx |
xxxxxx 20:36 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116741 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 00:21 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116741 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CDA with a CDA Value: $xxxxxxand CDA Value to
Appraisal Value of -5.6% which meets the lender's guidelines. |
The loan file contains a
CDA with a CDA Value: $xxxxxx and CDA Value to Appraisal Value of -5.6% which
meets the lender's guidelines. - xxxxxx |
xxxxxx 00:21 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116741 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Liabilities - Payoff Missing | The required debt payoffs
were missing from the loan file. Missing mortgage payoff for the existing
private mortgage with xxxxxx. paid at closing. |
payoff - xxxxxx |
CD in file shows the
mortgage was PIF. - xxxxxx payoff - xxxxxx |
xxxxxx 15:58 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116792 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 23:55 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116792 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with risk score of 1.0 and LCA with risk score of
2.0 which meets the lender's guideline requirement that one must have risk
score of 2.5 or less. |
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with risk score of 1.0 and LCA with risk score of
2.0 which meets the lender's guideline requirement that one must have risk
score of 2.5 or less. - xxxxxx |
xxxxxx 23:55 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116792 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 23:54 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116796 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Program Parameters - Guidelines Conformity | The subject loan does not
conform to program guidelines. The subject property is in a condo. Per the
guidelines, litigation is not allowed. The litigation is due to a specific
units roof leak which is not our subject. The unit owner is suing the HOA for
the roof leak. |
LTV <50, experienced
investor with 3+ investment properties, 12 months reserves Exception Approved - Comp Factors: 49% LTV, 12 months in reserves. Loan will be subject to final review with no additional exceptions. |
xxxxxx 19:53 | Waived | 2 | 2 | 2 | 2 | |||
| 4000116796 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 21:36 | Cleared | 1 | 1 | 2 | 2 | ||||
| 4000116796 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 21:37 | Cleared | 1 | 1 | 2 | 2 | ||||
| 4000116798 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:43 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116798 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:43 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116798 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:43 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116804 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 21:56 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116804 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 21:56 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116804 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 21:56 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116811 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Hazard Insurance Effective Date is after the Disbursement Date | Hazard insurance effective
date is after the disbursement date. The loan disbursement date was xxxxxxer
Final Closing Disclosure. However, the effective date of the xxxxxx-1 is
xxxxxx. |
Lender Cert - xxxxxx |
Lender Certification
provided stating: no claims were filed between disbursement date ofxxxxxx and
effective date ofxxxxxx. Condition
resolved. - xxxxxx Lender Cert - xxxxxx |
xxxxxx 12:25 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116811 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 21:16 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000116811 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 21:16 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000116813 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 16:17 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116813 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 16:18 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116813 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 16:18 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116815 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 20:06 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116815 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 20:07 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116815 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 20:05 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116817 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 17:18 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116817 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 17:19 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116817 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 17:18 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116842 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 13:16 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116842 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 13:16 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116842 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were
satisfied. - xxxxxx |
xxxxxx 13:17 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116853 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 17:29 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000116853 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 17:29 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000116853 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Asset Qualification Does Not Meet Guideline Requirements | Asset Qualification does
not meet guideline requirements. A total of $xxxxxx in gift funds were used
in the approval, resulting in no contribution from the borrower. The approved
LTV is 75%. Per guidelines, Gift funds are acceptable for loans with an LTV
of greater than or equal to 75%; however, the underlying Borrower(s) must
contribute at least 5% of the transaction (lower of Purchase Price or
appraised Value) from their own funds. The borrower has not met this
requirement. Asset Qualification does not meet guideline Requirements |
Statements for Sourcing -
xxxxxx UW's response and Final Statement - xxxxxx |
Evidence of wire transfer
provided. Condition resolved -
xxxxxx Statements for Sourcing - xxxxxx Condition upheld. Provide the entire and complete, xxxxxx,xxxxxx #xxxxxx to show the wire for $xxxxxx, as these funds are not sourced in the file. - xxxxxx UW's response and Final Statement - xxxxxx |
xxxxxx 03:30 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116871 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 15:16 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116871 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 15:16 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116871 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 15:15 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116879 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 16:11 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116879 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 16:12 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116879 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 16:12 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116888 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 23:12 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000116888 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 23:12 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000116888 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Calculated DSCR does not meet the Minimum DSCR allowed | The Calculated DSCR of
'0.999' is less than the minimum required DSCR of'1'. Per the Rate lock the
DSCR score is 1; however, the audited PITIA reflects the DSCR score of
.999. |
Updated Rate Lock showing
Updated DSCR Ratio and pricing - xxxxxx |
Loan was re-locked to DSCR
0.75-0.99. Condition resolved. -
xxxxxx The Calculated DSCR is equal to or greater than the minimum required DSCR, or Not Applicable - xxxxxx Updated Rate Lock showing Updated DSCR Ratio and pricing - xxxxxx |
xxxxxx 18:52 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116892 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Loan Package - Trust Agreement Missing | The loan file did not
contain the Trust Agreement as required. |
Trust Cert already in
initial file delivered for purchase review - please waive. - xxxxxx Trust Agreement - xxxxxx |
Executed Certification of
Trust was provided. Condition
resolved. - xxxxxx Trust Cert already in initial file delivered for purchase review - please waive. - xxxxxx Condition upheld. Provide the executed Certification of Trust. - xxxxxx Trust Agreement - xxxxxx |
xxxxxx 17:56 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116892 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 23:36 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000116892 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 23:36 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000116907 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. The loan file is missing the mortgage statement and tax cert for
xxxxxx, HOI for xxxxxx and Taxes for xxxxxx |
xxxxxx, xxxxxx, xxxxxxl -
xxxxxx |
REO docs provided. - xxxxxx xxxxxx, 1xxxxxxl, xxxxxx - xxxxxx |
xxxxxx 15:42 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116907 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 23:26 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116907 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
SCR / Business Purpose
loans are exempt from Reg Z and Reg X - xxxxxx |
xxxxxx 23:26 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116910 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 20:47 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116910 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Field Review Supports Value within 10% | A Retro-Field Review was
performed. The original appraised value is supported with a variance within
10%. |
A Retro-Field Review was
performed. The original appraised value is supported with a variance within
10%. - xxxxxx |
xxxxxx 20:47 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116910 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 20:46 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116911 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:56 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000116911 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | Missing Service Provider List | The loan file does not
contain the Service Provider List. Service Provider List was not completed.
|
see attached - xxxxxx |
Received the SPL -
xxxxxx see attached - xxxxxx |
xxxxxx 17:04 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000116911 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | Missing Attorney Preference Letter | Right To Choose Attorney or
Attorney Preference not in file. NY What Mortgage Applicants Need to Know
disclosure and NY Notice of Right to Select Attorney were not provided. |
see attached - xxxxxx |
Right To Choose Attorney or
Attorney Preference Resolved or Not Applicable - xxxxxx Received attorney preference letter - xxxxxx see attached - xxxxxx |
xxxxxx 17:08 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000116911 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:56 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000116913 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Hazard Insurance - Other Insurance Missing | The policy verifying other
property insurance is missing from the loan file. Hazard insurance in file
does not include 6 months' rent loss coverage for 1-4 units per
guidelines. |
See Attached - xxxxxx The policy shows landlord coverage and per the attached per Allstate Landlords package it is up to 12months of coverage. - xxxxxx The property xxxxxx is primary residence and doesn't need to have rent loss. Please revisit - xxxxxx subject property includes rent loss per email with policy other property the HOI is impounded and is their primary residence. - xxxxxx |
Insurance information
provided, insurance meets the requirements, condition resolved. - xxxxxx See Attached - xxxxxx Condition upheld. Loss of use coverage is not part of the landlords coverage. Loss of use coverage is for business purposes to cover the property rent payments in case of loss of use. It will have a specific amount (usually 10% of dwelling) listed on the policy as "loss of use". Provide loss of use coverage page. - xxxxxx The policy shows landlord coverage and per the attached per xxxxxx Landlords package it is up to 12months of coverage. - xxxxxx Condition upheld. Provide evidence of rent loss coverage for the subject property. - xxxxxx The propertyxxxxxx is primary residence and doesn't need to have rent loss. Please revisit - xxxxxx Condition upheld. Provide the amount of the Rent Loss coverage. - xxxxxx subject property includes rent loss per email with policy other property the HOI is impounded and is their primary residence. - xxxxxx |
xxxxxx 19:27 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116913 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 17:23 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116913 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 17:22 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116919 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Flood Insurance Policy Missing | Missing flood insurance
policy. The subject is in a Flood Zone; however, there isnt a Flood Policy in
the loan file. |
Please find the attached
documentation for IFC's reasoning for not requiring flood insurance on the
subject loan. - xxxxxx |
Subject property is 2.58
acres. Elevation Cert and Survey were
provided. The house sits in Flood Zone
X500, the remaining land in Zone AE.
Condition resolved. - xxxxxx Please find the attached documentation for IFC's reasoning for not requiring flood insurance on the subject loan. - xxxxxx |
xxxxxx 20:05 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000116919 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 23:36 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116919 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 23:37 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000116928 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:20 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116928 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:21 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116928 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:20 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000116971 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 16:45 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116971 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 16:46 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116971 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 16:46 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116976 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 16:00 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116976 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 16:01 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116976 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 16:01 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000116981 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Subject property Short Term Rental Income does not meet qualification | Short term rental income is
not properly documented and/or does not meet guidelines. Exception in file,
but no information on exception. Per guidelines-STR income may be documented
using a supplemental appraisal form completed by the licensed appraiser who
performed the original appraisal. This form must accompany and be a part of
the original appraisal. DSCR loan Its being rented by borrower as an Airbnb.
We have short term rent done on the comp schedule No 12-month history as
property was under renovations. |
exception was granted - xxxxxx |
Exception approved for DSCR
Refinance w/STR w/o a 12 month history of receipt with -.125 LPA and with
noted comp factors = 52% LTV, 747 FICO, 1.40 DSCR ratio and 100+ months
reserves. No other exceptions allowed and subject to final review. Seller to
utilize the lower of the STR market rents on the 1007 or the actual STR
income history annualized, since < 12 months, as supported by
documentation from Airbnb. - xxxxxx exception was granted - xxxxxx |
comp factors = 52% LTV, 747 FICO, 1.40 DSCR ratio and 100+ months reserves. | xxxxxx 19:08 | Waived | 3 | 2 | 3 | 2 | |
| 4000116981 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:58 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000116981 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:58 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000117035 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Eligibility - Investor Experience | Per guidelines, First Time
Investors MAY NOT be a First Time Homebuyer. Validation that the borrower has
owned or previously owned real estate was not found in the loan documents.
The borrower(s) investor experience does not meet guideline requirements. .
The borrower(s) investor experience does not meet guideline requirements. |
See uploaded exception
approval - xxxxxx Investor experience affidavit in file. - xxxxxx |
Investor Conditioned
Exception provided for: DSCR+ FTxxxxxx
and DSCR <1.0 (>.95). -
xxxxxx The borrower(s) investor experience does not meet guideline requirements. - xxxxxx The borrower(s) investor experience does not meet guideline requirements. Duplicate - xxxxxx See uploaded exception approval - xxxxxx Condition upheld. Borrower to provide evidence of Investment Experience. - xxxxxx Investor experience affidavit in file. - xxxxxx |
Credit score of 755, Reserves of 8.75 months, and clean Rental History. | xxxxxx 17:34 | Waived | 3 | 2 | 3 | 2 | |
| 4000117035 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 00:29 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000117035 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. |
CDA value $xxxxxx. Appraisal value $xxxxxx. - xxxxxx |
CDA supporting value was
provided. Condition resolved. -
xxxxxx CDA value $xxxxxx. Appraisal value $xxxxxx. - xxxxxx |
xxxxxx 19:14 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000117036 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 15:31 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117036 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 15:32 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117036 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 15:32 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117056 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Borrower 2 W2/1099 Less Than 24 Months Provided | Per the AUS, 2 years of
W2's are required. Please provide the 2024 W2's for the cxxxxxxorrower.
Borrower 2 W2/1099 less than 24 months provided. |
See attached. - xxxxxx |
3 year WVOE for B2 was
provided. Condition resolved. -
xxxxxx Borrower 2 W2/1099 less than 24 months provided. - xxxxxx Borrower 2 W2/1099 less than 24 months provided. WVOE was provided. Condition resolved. - xxxxxx See attached. - xxxxxx |
xxxxxx 20:37 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117056 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 5 | xx/xx/xxxx | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than
total amount of subject lien(s). Lender to provide the final title policy
with the updated loan amount of $xxxxxx |
See attached. - xxxxxx |
Updated Title provided.
Condition resolved. - xxxxxx Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xxxxxx See attached. - xxxxxx |
xxxxxx 16:57 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117056 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 5 | xx/xx/xxxx | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain
the Approval/Underwriting Summary. Lender to provide the final fully executed
1008 for the loan transaction. |
See attached. - xxxxxx |
1008 provided. Condition resolved. - xxxxxx Approval/Underwriting Summary is fully present - xxxxxx See attached. - xxxxxx |
xxxxxx 17:04 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117056 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 14:32 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000117056 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 5 of 5 | xx/xx/xxxx | Compliance | Missing Attorney Preference Letter | Right To Choose Attorney or
Attorney Preference not in file. NJ Right to Select Attorney disclosure is
missing from the file |
See attached. - xxxxxx |
Right To Choose Attorney or
Attorney Preference Resolved or Not Applicable - xxxxxx Received disclosure - xxxxxx See attached. - xxxxxx |
xxxxxx 13:16 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117057 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 18:58 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117057 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:58 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117057 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 18:58 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117065 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 6 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 19:01 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000117065 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 6 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
Please clarify what's
needed for this condition - xxxxxx |
Condition set in error. -
xxxxxx Please clarify what's needed for this condition - xxxxxx |
xxxxxx 16:37 | Void | 1 | 3 | 2 | |||
| 4000117065 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 6 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:59 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000117065 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 6 | xx/xx/xxxx | Credit | Condo - Documentation | The loan file did not
contain required condo documentation (ie. Master HOI, Condo Questionnaire,
Condo Budget, Project Review). Missing Condo Questionnaire |
Condo docs-Budget,
questionnaire and xxxxxx condo exception - xxxxxx |
Condo Docs provided. Condition resolved. - xxxxxx Condo docs-Budget, questionnaire and xxxxxx condo exception - xxxxxx |
xxxxxx 16:21 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000117065 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 6 | xx/xx/xxxx | Credit | Trust/POA Does Not Meet Guideline Requirements | Trust/POA does not meet
guideline requirements. Missing POA for Daniel Pope, non-Title holder. |
Executed power of attorney
for Both XXXXX XXXXX - xxxxxx |
POA for both Borrower's
were provided. Condition resolved. -
xxxxxx Executed power of attorney for Both XXXXX XXXXX - xxxxxx |
xxxxxx 16:36 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000117065 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 6 of 6 | xx/xx/xxxx | Property | Condo - Warrantability | Condominium project is not
warrantable, or documentation not provided to determine warrantability |
Exception provided for:
Condo pro1ect is non-warrantable due to investor concentration of 71%, and
Property 1s 3 7S sq ft. Exceptions
approved in DSCR+ for NW condo and subject size. No additional exceptions and
loan subject to final review. -
xxxxxx |
Comp factors: LTV <55%, Credit score 720, Reserves >500 months. | xxxxxx 16:42 | Waived | 3 | 2 | 3 | 2 | ||
| 4000117087 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 19:28 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117087 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 19:29 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117087 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 19:29 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117092 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 18:40 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117092 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:40 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117092 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 18:41 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117115 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Field Review Supports Value within 10% | A Retro-Field Review was
performed. The original appraised value is supported with a variance within
10%. |
The original appraised
value is supported with a variance within 10%. - xxxxxx |
xxxxxx 14:39 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117115 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 14:40 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117115 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 14:40 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117131 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Property Issue - Ineligible Property | The subject is an
ineligible property and not allowed per guidelines. The subject property has
a 5-acre active vineyard on the property that could pose as income producing
and/or hxxxxxxby farm. The borrower provided a letter of explanation stating
the vineyard is for personal use. The
lender's rate lock verifies an exception was granted; however, the formal
exception stating the compensating factors is missing from the file. |
See attached - xxxxxx |
Exception Provided: Exception conditionally approved for small
vineyard (no more than 5 acres) on subject property. No commercial usage and
requires borrower LOE confirming they intend for personal use only. No additional
exceptions and loan subject to final review.
LOE from Borrower is located in the loan file. - xxxxxx See attached - xxxxxx |
Comp factors: Credit score >700, DTI <30%Reserves >600 months, Residual >$100k | xxxxxx 18:29 | Waived | 3 | 1 | 3 | 1 | |
| 4000117131 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 00:01 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000117131 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Delinquent Credit History Does Not Meet Guideline Requirements | Delinquent Credit History
does not meet guideline requirements. Per guidelines, the borrower could not
have been 60 days late on the mortgage in the last 24 months. The borrower
was 60 days late In Octxxxxxxer 2025.
|
Credit history meets
guidelines, condition resolved. - xxxxxx |
xxxxxx 17:11 | Resolved | 3 | 1 | 3 | 1 | |||
| 4000117139 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 19:35 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117139 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 19:46 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117139 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 19:46 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117168 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU and LCA with risk scores > 2.5 which meets the
lender's requirements. |
xxxxxx 15:32 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117168 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 15:33 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117168 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 15:33 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117171 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 23:30 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000117171 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 23:30 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000117171 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | Charges That Cannot Increase Test (50001251) | 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: CDA Fee,
Appraisal 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)). there is no valid coc to go with the
addition of the CDA fee or the additional appraisal fee |
COC LE and COC CD -
xxxxxx |
Received CIC for the
additional Fees - xxxxxx Resolved - xxxxxx COC LE and COC CD - xxxxxx |
xxxxxx 15:03 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117171 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Please provide the Synergy One/xxxxxx Bay rate lock agreement. |
Lock - xxxxxx |
Investor Rate Lock
provided. Condition resolved. -
xxxxxx Lock - xxxxxx |
xxxxxx 13:42 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117172 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 15:55 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000117172 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 15:55 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000117172 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Program Parameters - Guidelines Conformity | The subject loan does not
conform to program guidelines. Per guidelines, a 12 month housing history is
required. There is a verification of mortgage in file, but appears to be from
a private party. Per guidelines, Private Party VORs / VOMs may be considered
on a xxxxxxse basis and will require an investor exception approval. A formal
exception is located in the loan file. However, the formal exception does not
contain the minimum of 2 compensating factors as required by the rating
agencies. |
Refer to xxxxxx comments
under approved exception for 2 comp factors - xxxxxx |
Exception approved in
Expanded Prime+ for private party VOR. No additional exceptions and loan
subject to final review. - xxxxxx Refer to xxxxxx comments under approved exception for 2 comp factors - xxxxxx |
Comp factors: Credit score >760, Residual >$2,500 | xxxxxx 20:42 | Waived | 3 | 2 | 3 | 2 | |
| 4000117179 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Per the loan application & AUS the primary residence has a
mortgage with the same lender -xxxxxx - xxxxxx - provide the CD supporting
it's refinance to xxxxxx. If the payment is not escrowed the property taxes
and amended hazard policy will be required to complete this liability in the
ratios. At present the property tax bill is not provided and required. |
Please find attached CD for
your reference. Thank you ! - xxxxxx |
Final CD provided for the
REO was provided. Condition resolved.
- xxxxxx Please find attached CD for your reference. Thank you ! - xxxxxx |
xxxxxx 18:30 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117179 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 16:51 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000117179 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. Lender to provide AVM
missing from the loan file. |
Please find attached AVM
for your reference. - xxxxxx |
AVM supporting value within
-1.24% was provided. Condition
resolved. - xxxxxx Please find attached AVM for your reference. - xxxxxx |
xxxxxx 18:28 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117182 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 22:33 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117182 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 22:32 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117182 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 22:32 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117192 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
Please waive to clear for
purchase - xxxxxx |
The loan meets all
applicable credit guidelines. - xxxxxx Please waive to clear for purchase - xxxxxx |
xxxxxx 15:15 | Cleared | 1 | 1 | 1 | 1 | ||
| 4000117192 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
Please waive to clear for
purchase - xxxxxx |
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx Please waive to clear for purchase - xxxxxx |
xxxxxx 15:15 | Cleared | 1 | 1 | 1 | 1 | ||
| 4000117192 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
Please waive to clear for
purchase - xxxxxx |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx Please waive to clear for purchase - xxxxxx |
xxxxxx 15:16 | Cleared | 1 | 1 | 1 | 1 | ||
| 4000117198 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 1 | xx/xx/xxxx | Credit | Borrower 1 Credit Report is Missing | Borrower 1 credit report is
missing. Provide Borrower Credit Report. |
attached is the Borrowers
credit report - xxxxxx |
Credit Report
provided. Condition resolved. -
xxxxxx Borrower 1 Credit Report is not missing. - xxxxxx attached is the Borrowers credit report - xxxxxx |
xxxxxx 19:02 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000117230 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 16:24 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117230 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 16:24 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117230 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 16:24 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117237 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 2 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 19:01 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117237 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 2 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:59 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117248 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 21:22 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000117248 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 21:21 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000117248 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Cash reserves less than required by guidelines | Total Cash reserves of
'$xxxxxx' are less than $xxxxxx. Gift funds in the amount of $xxxxxx were
used in the loan approval and were deposited into the borrower’s account. The
current account balance of $xxxxxx is less than the total gift amount
received. Per guidelines, gift funds may not be applied toward reserve
requirements. As a result, the borrower is short $xxxxxx in required
reserves. Please provide updated asset statements documenting that the
borrower has sufficient independent funds to meet the reserve requirement.
|
see UW cert - xxxxxx |
Gift deposit was verified
by bank statement in file. Loan only
requires 3 months reserves. Condition
voided. - xxxxxx Total Cash reserves are greater than $xxxxxx. - xxxxxx see UW cert - xxxxxx |
xxxxxx 16:04 | Void | 3 | 3 | 1 | |||
| 4000117254 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:31 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000117254 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:31 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000117254 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | Federal - Right of Rescission (Loan Disbursement Violation) (TILA) | The loan disbursement date
(xxxxxx) is earlier than, or the same day as, the calculated "Right to
Cancel Expire Date" (xxxxxx). Under Regulation Z, funds may not be
disbursed to the borrower until after the expiration of the rescission
period. (Reg Z, 12 CFR 1026.23(c) and Official Staff Commentary) Disbursement
date isxxxxxx per Final CD. Rescission expiration date isxxxxxx on the ROR.
|
disbursement - xxxxxx |
Received PCCD correcting
the disbursement date - xxxxxx disbursement - xxxxxx |
xxxxxx 15:10 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117280 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Program Parameters - Guidelines Conformity | The subject loan does not
conform to program guidelines. Borrowers 3 and 4 are Non-Occupying
Co-Borrowers. Per guidelines, Non-Occupying Co-Borrowers may not have an
interest in the property sales transaction. However, both Borrower 3 and
Borrower 4 are listed on the sales contract addendum, and the Earnest Money
Deposit was paid by Borrower 3. |
EXCEPTION - xxxxxx |
Exception provided
for: Non occupant cxxxxxxorrower max
DTI is 43% - please review for DTI exception. Also please confirm non
occupant borrowers are acceptable they currently reside in and will continue
to reside in primary home borrowers are departing rent free. (relationship
child) - xxxxxx EXCEPTION - xxxxxx |
FICO 754, borrowers have
owned businesses for over 5 years, 10k in residual income. |
xxxxxx 14:10 | Waived | 3 | 2 | 3 | 2 | |
| 4000117280 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Income - Employment Gaps | The loan file verified
employment gaps without sufficient explanation provided. Borrower 4, xxxxxx,
began employment with xxxxxx in xxxxxx xxxxxx. A Verification of Employment
(VOE) from the previous employer, xxxxxx, is missing from the loan file
verifying dates of employment. If there was a gap of employment greater than
30 days, a letter of explanation is required. |
VVOE xxxxxx - xxxxxx |
Work Number for xxxxxx
Provided. - xxxxxx VVOE xxxxxx- xxxxxx |
xxxxxx 14:04 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000117280 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | Missing Power of Attorney | Please provide the power of
attorney authorizing xxxxxx to act on behalf of xxxxxx. |
poa - xxxxxx |
POA Provided. - xxxxxx poa - xxxxxx |
xxxxxx 14:00 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000117280 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:33 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000117287 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 6 | xx/xx/xxxx | Credit | Borrower 1 Executed 4506-T Missing | Borrower 1 Executed 4506-T
missing from the file. A signed 4506-C could not be found in the loan
documents. |
4506C - xxxxxx |
4506 provided. Condition resolved. - xxxxxx Borrower 1 Executed 4506-T Provided - xxxxxx 4506C - xxxxxx |
xxxxxx 16:43 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000117287 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 6 | xx/xx/xxxx | Compliance | Insufficient Tolerance Cure | A Lender Credit for Excess
Charges of ($xxxxxx), Principal Reduction for Excess Charges of ($xxxxxx),
and general or specific lender credit increases of ($xxxxxx) were applied to
the total fee variance of ($xxxxxx) 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. |
COC on the last page -
xxxxxx |
Received LE and CIC -
xxxxxx Resolved - xxxxxx COC on the last page - xxxxxx Appraisal fee increased from $xxxxxx to $xxxxxx on the xxxxxx LE without a CIC - xxxxxx |
xxxxxx 13:39 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000117287 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 6 | xx/xx/xxxx | Compliance | Insufficient Tolerance Cure (50001028) | A Lender Credit for Excess
Charges of ($xxxxxx), Principal Reduction for Excess Charges of ($xxxxxx),
and general or specific lender credit increases of ($xxxxxx) were applied to
the total fee variance of ($xxxxxx) 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. |
COC on the last page -
xxxxxx Please clarify, i don't understand what is needed? xxxxxx is cure and credit it back in the lender credit for due to the increased of closing cost. Are you saying this is not acceptable? - xxxxxx |
Received LE and CIC -
xxxxxx Resolved - xxxxxx COC on the last page - xxxxxx Appraisal fee increased from $xxxxxx to $xxxxxx on the xxxxxx LE without a CIC. - xxxxxx Please clarify, i don't understand what is needed? xxxxxx is cure and credit it back in the lender credit for due to the increased of closing cost. Are you saying this is not acceptable? - xxxxxx |
xxxxxx 13:39 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000117287 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 6 | xx/xx/xxxx | Compliance | Federal - Closing Disclosure and Consummation Date | The Initial Closing
Disclosure Received Date of (xxxxxx) is not three business days before the
consummation date of (xxxxxx). Three business days before the consummation
date is (20260224). 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 closing disclosure is missing. |
ICD - xxxxxx |
Received initial CD -
xxxxxx ICD - xxxxxx |
xxxxxx 15:24 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000117287 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 6 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 20:28 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000117287 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 6 of 6 | xx/xx/xxxx | Compliance | TRID: Missing Initial Closing Disclosure | The loan file does not
contain the initial Closing Disclosure. Initial Closing Disclosure is missing
from the file. Please provide for compliance testing. |
ICD - xxxxxx |
Received initial CD -
xxxxxx ICD - xxxxxx |
xxxxxx 15:25 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000117289 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 20:31 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117289 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 20:32 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117289 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 20:32 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117298 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 00:19 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117298 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 00:19 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117298 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 00:19 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117305 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. The loan file is missing the xxxxxx Rate Lock. |
Lock - xxxxxx |
Investor Lock provide. Condition resolved. - xxxxxx Evidence of Rate Lock Provided - xxxxxx Lock - xxxxxx |
xxxxxx 21:46 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117305 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 05:09 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000117305 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Hazard Insurance Policy is Partial | Hazard insurance policy
partially provided. The loan file contains HOI policy; however, the Rent Loss
Policy is missing. |
Rent loss confirmation -
xxxxxx |
Rent Loss confirmation
provided. Condition resolved. -
xxxxxx Hazard Insurance Policy is fully present - xxxxxx Rent loss confirmation - xxxxxx |
xxxxxx 21:49 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117306 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Flood Certificate Missing | Missing flood certificate.
|
FLOOD CERT - xxxxxx |
Flood Cert provided. Condition resolved. - xxxxxx Flood Certificate is fully present - xxxxxx FLOOD CERT - xxxxxx |
xxxxxx 13:41 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000117306 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file was approved to DU using Agency guidelines and the loan file
contains the CU with risk score of 1 which meets the lender's guidelines. |
xxxxxx 22:24 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000117306 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 5 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 12:52 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000117306 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 5 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. The loan file is missing the Fraud Report, |
FRAUD REPORT - xxxxxx |
Fraud Report provided. Condition resolved. - xxxxxx Third party fraud report is provided - xxxxxx FRAUD REPORT - xxxxxx |
xxxxxx 16:31 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000117306 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 5 of 5 | xx/xx/xxxx | Credit | Fraud Report Shows Uncleared Alerts | Fraud Report shows
uncleared alerts. Fraud Reports datedxxxxxx andxxxxxx shows Borrower
potentially owns an undisclosed property. Borrower states this is parents
home. Is Borrower xxxxxxligated on the
Note? |
See attached this shows the
owner is xxxxxx. - xxxxxx fraud report - xxxxxx |
Evidence provided to show
Borrower is not the owner of the cited property. Condition resolved. - xxxxxx All Fraud Report Alerts have been cleared or None Exist - xxxxxx See attached this shows the owner is XXXXX XXXXX. - xxxxxx Condition upheld. Per LoanSafe xxxxxx is the Owner ofxxxxxx. This name matches the Borrower's ID in file. Provide evidence Borrower is not xxxxxxligated on any loan for the cited property. - xxxxxx fraud report - xxxxxx |
xxxxxx 16:32 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000117340 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 23:13 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117340 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 23:14 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117340 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 23:14 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117341 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 00:33 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117341 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 00:33 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117341 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 00:33 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117360 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 2 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. Lender to provide a 3rd
party valuation to support the appraised value since the CU score is over
2.5. |
CDA - xxxxxx |
CDA supporting value
provided. Condition resolved. -
xxxxxx CDA - xxxxxx |
xxxxxx 20:55 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117360 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 2 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 15:23 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000117430 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Loan Purpose is Purchase but Purchase Contract Doc is Missing | Loan purpose is purchase
and valuation type of purchase contract has not been selected. Loan Purpose
is Purchase but Purchase Contract Doc is Mis |
COS - xxxxxx |
COS transaction. Contract
provided. - xxxxxx Purchase Contract Doc is not Missing, or is Not Applicable. - xxxxxx COS - xxxxxx |
xxxxxx 23:36 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000117430 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. |
FRAUD REPORT - xxxxxx |
Fraud Report and Cleared
OFAC report were provided. Condition
resolved. - xxxxxx Third party fraud report is provided - xxxxxx FRAUD REPORT - xxxxxx |
xxxxxx 23:39 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000117430 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 15:20 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000117430 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | TRID: Missing Loan Estimate | Initial Loan Estimate
datedxxxxxxs missing from the file. Please provide the Initial LE and any
subsequent LE's prior to Initial CD. |
LE - xxxxxx |
Received LE - xxxxxx LE - xxxxxx |
xxxxxx 16:50 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000117431 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 22:10 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117431 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 22:11 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117431 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 22:10 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117445 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 20:29 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117445 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 20:29 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117445 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 20:29 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117451 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Missing VOM or VOR | Verification of Rent
(VOR)/Verification of Mortgage (VOM) Document is Missing. Lender to provide a
credit supplement for the new HELOC's the borrower has taken out against the
investment properties and her primary residence as well. All mortgages are
with xxxxxx servicing. |
credit supplement -
xxxxxx |
Credit Supp provided. Condition resolved. - xxxxxx Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - xxxxxx credit supplement - xxxxxx |
xxxxxx 21:47 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117451 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:27 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000117451 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:27 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000117455 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 20:51 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117455 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 20:51 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117455 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 20:51 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117456 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Credit Documentation - Lien Documentation | The loan file did not
contain sufficient documentation to verify the (senior/subordinate) lien as
required. The loan file did not contain sufficient affidavit documentation to
verify judgement against xxxxxx and subject borrower xxxxxx in the amount of
$xxxxxx has been resolved/paid. |
affidavit - xxxxxx |
Judgement affidavit
provided. Condition resolved. - xxxxxx affidavit - xxxxxx |
xxxxxx 17:02 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117456 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 21:06 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000117456 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 21:05 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000117464 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Fraud Report Shows Uncleared Alerts | Fraud Report shows
uncleared alerts. There are several uncleared alerts on page 2 of the
CoreLogic LoanSafe Fraud Manager Report dated xxxxxx1:26AM. |
Attached - xxxxxx |
SAM alert cleared. Condition resolved. - xxxxxx All Fraud Report Alerts have been cleared or None Exist - xxxxxx Attached - xxxxxx |
xxxxxx 18:42 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117464 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 22:40 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000117464 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. |
ATTACHED - xxxxxx |
CDA supporting value
provided. Condition resolved. -
xxxxxx ATTACHED - xxxxxx |
xxxxxx 18:45 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117517 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Hazard Insurance Policy is Partial | Hazard insurance policy
partially provided. Missing the final hazard insurance policy. The loan file
contains the binder with proof of payment at closing. Please provide the
hazard policy for the subject property |
attached - xxxxxx |
HOI Policy provided. Condition resolved. - xxxxxx attached - xxxxxx |
xxxxxx 20:15 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117517 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU and LCA with risk scores of 2.5 or less as
required by the lender's guidelines.
|
The loan file contains a CU
and LCA with risk scores of 2.5 or less as required by the lender's
guidelines. - xxxxxx |
xxxxxx 18:25 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000117517 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 18:25 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000117536 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 00:32 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117536 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 00:32 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117536 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 00:32 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117552 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Housing History Does Not Meet Guideline Requirements | Housing history does not
meet guideline requirements. Rent free letter is for an aunt - per the B's ID
& Demographic Information on the loan applications - the borrower is Male
- letter of explanation is required. |
Rent Free LOE - xxxxxx |
Rent-Free letter was
provided. Condition resolved. -
xxxxxx Housing history meets guideline requirements. - xxxxxx Rent Free LOE - xxxxxx |
xxxxxx 14:46 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117552 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Asset Qualification Does Not Meet Guideline Requirements | Asset Qualification does
not meet guideline requirements. $xxxxxx in deposits ranging from $xxxxxx to
$xxxxxx made xxxxxxoxxxxxxto xxxxxx-xxxxxx is from a xxxxxx account is
missing to supporting the borrower being the source of these funds. These
funds are required to meet the cash to close and reserves. |
Statements - xxxxxx |
Two months xxxxxxstatements
were provided sowing assets were available. Condition resolved. - xxxxxx Asset Qualification Meets Guideline Requirements - xxxxxx Statements - xxxxxx |
xxxxxx 14:56 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117552 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 16:23 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000117552 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 16:23 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000117553 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Condo - Documentation | The loan file did not
contain required condo documentation (ie. Master HOI, Condo Questionnaire,
Condo Budget, Project Review). The xxxxxx Bay Condominium Certification, or
similar form is needed. An Condominium
Project Certification, or similar, must be provided with the loan package on
all projects per guidelines. |
Please see the attached
xxxxxx Project review warranty form, updated HOA cert, master policy and HO-6
policy. - xxxxxx This is a limited review so the budget is not required. - xxxxxx |
Corrected Condo
Questionnaire provided shows max Commercial Space is 35%. Condition resolved. - xxxxxx Please see the attached xxxxxx Project review warranty form, updated HOA cert, master policy and HO-6 policy. - xxxxxx Condition upheld. Condo questionnaire states on page 4, question 4, that there is commercial space of 1400 sq ft that is 25% of the project. However question 5 states total commercial space is 2800, which would put the project over the FNMA max of 35%. - xxxxxx This is a limited review so the budget is not required. - xxxxxx |
xxxxxx 16:31 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000117553 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were
satisfied. - xxxxxx |
xxxxxx 21:56 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000117553 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 5 | xx/xx/xxxx | Compliance | Federal - Loan Estimate Disclosure Date on or after Closing Disclosure Date | The Last Loan Estimate was
provided on (xxxxxx) which is on or after (xxxxxx), the date on which the
Initial Closing Disclosure was provided. Under Regulation Z, a creditor shall
not provide a revised version of the Loan Estimate on or after the date on which
a creditor provides the Closing Disclosure. (12 CFR 1026.19(e)(4)(ii))
Missing Initial CD |
loan est ini - xxxxxx |
loan est ini - xxxxxx . - xxxxxx - xxxxxx |
xxxxxx 16:29 | Resolved | 1 | 1 | 4 | 1 | ||
| 4000117553 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 5 | xx/xx/xxxx | Compliance | TRID: Missing Initial Closing Disclosure | The loan file does not
contain the initial Closing Disclosure. |
cd ini - xxxxxx |
Received ICD - xxxxxx cd ini - xxxxxx |
xxxxxx 16:00 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000117553 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 5 of 5 | xx/xx/xxxx | Compliance | Federal - Closing Disclosure and Consummation Date | The Initial Closing
Disclosure was provided on (xxxxxx) via (USPSFirstClassMail). Under
Regulation Z, a consumer must receive the Initial Closing Disclosure
reflecting the actual terms of the transaction not later than three business
days prior to the consummation date of (xxxxxx). Since the Initial Closing
Disclosure was not provided in person, a consumer is considered to have
received it on (xxxxxx), which is three business days after it was delivered
or placed in the mail. Since the Initial Closing Disclosure was not provided
to the consumer in person, it should have been provided to the consumer no
later than (20260218), for consummation to occur on (xxxxxx). (12 CFR
1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii)) Received the initial CD, however
it was not signed and electronic receipt was not evidenced in the loan
file. Please provide evidence of date
received. Received ICD, however it was
not signed and electronic delivery was not located in the file. Provide proof
of borrowers receipt |
cd - xxxxxx Please see the attached xxxxxx Project review warranty form, updated HOA cert, master policy and HO-6 policy. Thank you. - xxxxxx |
Received signed ICD -
xxxxxx cd - xxxxxx Please see the attached xxxxxx Project review warranty form, updated HOA cert, master policy and HO-6 policy. Thank you. - xxxxxx |
xxxxxx 16:57 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000117616 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 16:05 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117616 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 16:05 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117616 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 16:05 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117633 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | DSCR does not meet Guidelines | The subject DSCR does not
meet guideline requirements. Per the final loan application, the subject
property will be the borrower's primary residence. DSCR program is for
investment property and second homes per the lender's guidelines. |
UPDATED 1003 - xxxxxx |
Corrected 1003
provided. Condition resolved. -
xxxxxx UPDATED 1003 - xxxxxx |
xxxxxx 02:42 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117633 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 5 | xx/xx/xxxx | Credit | Purchase Contract - Parties | All parties were not
properly identified on the Purchase Contract. Missing an Addendum to the
Purchase Contact listing our Borrower as the Buyer. The Buyer per the Purchase Contract does
not match our Borrower per the Note, Mortgage and Closing Protection
Letter. The Purchase contract provided
in the loan file verifies the Buyer asxxxxxx; however, the Borrower per the
loan documents is xxxxxx, President of xxxxxx. Documents provided in the loan file verify
the Borrower is the Agent/Managing Member ofxxxxxx. The Borrower filed the Certificate of Inc.
for xxxxxx in the state of New Jersey on xxxxxx. Lender to revisit the purchase contract and
advise. |
COS Addendum - xxxxxx |
Contract addendum
provided. Condition resolved. -
xxxxxx COS Addendum - xxxxxx |
xxxxxx 16:00 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117633 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with a risk score of 1.0 and LCA with risk score
of 1.7 which meets the lender's guidelines of a third-party valuation with a
risk score of 2.5 or less. |
The loan file contains a CU
with a risk score of 1.0 and LCA with risk score of 1.7 which meets the
lender's guidelines of a third-party valuation with a risk score of 2.5 or
less. - xxxxxx |
xxxxxx 16:31 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000117633 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 5 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 16:30 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000117633 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 5 | xx/xx/xxxx | Credit | Title Document is Incomplete | Title document is
incomplete. Final Title policy or updated Commitment to reflect xxxxxx as
vested entity. Title document is
incomplete. |
Title documents are fully
present - xxxxxx |
xxxxxx 18:54 | Resolved | 3 | 1 | 3 | 1 | |||
| 4000117653 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:39 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117653 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:40 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117653 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:40 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117657 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 22:52 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000117657 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 22:52 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000117657 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | Missing Power of Attorney | The deed was signed using a
Power of Attorney for xxxxxx. This power of attorney is missing from the loan
file. |
POA - xxxxxx |
Received notarized POA -
xxxxxx POA - xxxxxx |
xxxxxx 17:17 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117659 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 23:16 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117659 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 23:16 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117659 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 23:17 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117750 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 18:52 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117750 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:52 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117750 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 18:52 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117826 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 13:01 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117826 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 13:01 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117826 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 13:02 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117838 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 17:47 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117838 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 17:48 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117838 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 17:47 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117846 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 14:55 | Cleared | 1 | 1 | 2 | 1 | |||
| 4000117846 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 14:56 | Cleared | 1 | 1 | 2 | 1 | |||
| 4000117846 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | Missing Initial Escrow Disclosure | Initial Escrow Account
Disclosure is missing. The loan file is missing the Initial Escrow
Disclosure. |
Not required for DSCR
loans. - xxxxxx |
xxxxxx 14:56 | Resolved | 2 | 1 | 2 | 1 | |||
| 4000117854 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CDA with a Low Risk score, CDA Value of $xxxxxx and
CDA to Appraisal variance in value of 0.00% which meets the lender's guidelines. |
xxxxxx 18:31 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000117854 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 19:01 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000117854 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Corporation/LLC: Operating Agreement Doc is Incomplete | The Corporation/LLC:
Operating Agreement in file is incomplete. The Restated operating agreement
of xxxxxx document in file is illegible. |
Original OA and amended OA
attached - xxxxxx |
Operating Agreement
provided. Borrower has 66.66% of
LLC. Condition resolved. - xxxxxx Original OA and amended OA attached - xxxxxx |
xxxxxx 19:40 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117859 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 20:59 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117859 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 20:58 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117859 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 20:58 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117868 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 19:40 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117868 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 19:40 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117868 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 19:39 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117869 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 19:24 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117869 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 19:25 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117869 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 19:25 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117934 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 17:08 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117934 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 17:08 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117934 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 17:08 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117940 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Please provide the xxxxxx rate lock agreement |
lock - xxxxxx no xxxxxx rate lock only lock on cic le - xxxxxx |
Investor Lock
provided. Condition resolved. -
xxxxxx lock - xxxxxx Condition upheld. Provide lock confirmation between xxxxxx and xxxxxx. - xxxxxx no xxxxxx rate lock only lock on cic le - xxxxxx |
xxxxxx 15:32 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117940 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | Corporation/LLC: EIN Doc is Missing | The loan file does not
contain the Coporation/LLC: EIN documentation. The application requesting the
EIN for xxxxxx is in the loan file, but proof of the EIN is missing. |
ein - xxxxxx ein - xxxxxx |
Corporation/LLC: EIN
documentation provided. Condition resolved. - xxxxxx ein - xxxxxx Condition upheld. Provide evidence of the EIN from the IRS. - xxxxxx ein - xxxxxx |
xxxxxx 14:58 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117940 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 00:33 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000117980 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 5 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
Missing escrow waiver. - xxxxxx |
xxxxxx 15:18 | Void | 1 | 4 | 1 | ||||
| 4000117980 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 5 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 15:17 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000117980 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 5 | xx/xx/xxxx | Property | Appraisal is Missing | The file is missing the
appraisal. missing full appraisal |
appraisal - xxxxxx |
Appraisal provided. -
xxxxxx appraisal - xxxxxx |
xxxxxx 17:16 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000117980 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 5 | xx/xx/xxxx | Compliance | Disclosure - Escrow Waiver Not Executed | Escrow Waiver is not
executed. Missing escrow waiver. |
escrow waiver verbiage is
on page 4 of the CD showing they waived - xxxxxx |
Escrow waiver verbiage on
the CD, condition resolved. -
xxxxxx Signed FCD, page 4 escrow waiver - xxxxxx escrow waiver verbiage is on page 4 of the CD showing they waived - xxxxxx |
xxxxxx 20:06 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000117980 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 5 | xx/xx/xxxx | Property | Appraisal - Other | There are additional
appraisal findings. CDA received at file review states an Appraisal with a
Report Date ofxxxxxx was reviewed.
Appraisal provided after review has an effective date ofxxxxxx and
Date of Signature and Report ofxxxxxx.
Provide evidence that CDA is reflecting review of Appraisal
received. |
2/6 appraisal - xxxxxx |
Original Origination
Appraisal provided. Condition
resolved. - xxxxxx 2/6 appraisal - xxxxxx |
xxxxxx 17:03 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000117984 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with risk score of 1 and LCA with risk score of 4
and a CDA with CDA Value to Appraisal with 0.00% variance which meets the lender's
guidelines. |
The loan file contains a CU
with risk score of 1 and LCA with risk score of 4 and a CDA with CDA Value to
Appraisal with 0.00% variance which meets the lender's guidelines. -
xxxxxx |
xxxxxx 19:44 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000117984 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 19:43 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000117984 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Missing VOM or VOR | Verification of Rent
(VOR)/Verification of Mortgage (VOM) Document is Missing. Missing 12-month
housing history for primary residence @ xxxxxx as required per lender's
guidelines. The borrower has rented for $xxxxxx a month for 4.5 years per the
loan application. |
see attached - xxxxxx |
12 months bank statements
showing rent payment was provided.
Condition resolved. - xxxxxx Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - xxxxxx see attached - xxxxxx |
xxxxxx 14:11 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117985 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 19:25 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117985 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 19:25 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117985 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 19:25 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000117986 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 21:52 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117986 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 21:52 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117986 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 21:52 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117992 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Borrower 1 Executed 4506-T Missing | Borrower 1 Executed 4506-T
missing from the file. A 4506-C could not be found in the loan documents. |
Attached 4506C - xxxxxx |
4506 provided. Condition resolved. - xxxxxx Borrower 1 Executed 4506-T Provided - xxxxxx Attached 4506C - xxxxxx |
xxxxxx 16:13 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117992 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 23:41 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000117992 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 23:41 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000117995 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 17:12 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000117995 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 17:12 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000117995 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | Asset 1 Does Not Meet Guideline Requirements | Asset does not meet G/L
Requirements. Funds from xxxxxx account ending xxxxxx for $xxxxxx was used in
the approval. From the screenshot provided, the account was opened onxxxxxx.
Per guidelines, the most recent one-month (1) statement is required. Please provide the statement showing a full
30 days. |
Please not bank statement
is not required, the LTV on this loan is 65% which is below 70% LTV so 1
month of bank statement is not Required.
- xxxxxx |
Bank statement is not
required, the LTV on this loan is 65% which is below 70% LTV. - xxxxxx Please not bank statement is not required, the LTV on this loan is 65% which is below 70% LTV so 1 month of bank statement is not Required. - xxxxxx |
xxxxxx 13:15 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117995 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Assets - Earnest Money Deposit | The earnest money deposit
was not properly documented and/or sourced. The wire transfer of $xxxxxxis
documented in the loan fle, but the bank statement showing where the wire
originated from is missing from the loan file. Please provide the bank
statement to document the transfer of these funds. |
The Ernest money is from
the borrower, please see attached -
xxxxxx |
EMD evidence of borrower
provided, condition resolved. - xxxxxx The Ernest money is from the borrower, please see attached - xxxxxx |
xxxxxx 13:13 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000117997 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were
satisfied. - xxxxxx |
xxxxxx 19:22 | Cleared | 1 | 1 | 2 | 1 | |||
| 4000117997 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | Missing Initial Escrow Disclosure | Initial Escrow Account
Disclosure is missing. The loan file is missing the Initial Escrow
Disclosure. |
Not required on DSCR loans
- xxxxxx |
Confirmed it is not
required - xxxxxx Not required on DSCR loans - xxxxxx |
xxxxxx 17:32 | Resolved | 2 | 1 | 2 | 1 | ||
| 4000117997 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 19:21 | Cleared | 1 | 1 | 2 | 1 | |||
| 4000118009 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 8 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CDA with Moderate Risk and a CDA Value of $xxxxxx
with a CDA Value to Appraisal Value variance of 0.00% which meets the lender's
guidelines. |
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CDA with Moderate Risk and a CDA Value of $xxxxxx
with a CDA Value to Appraisal Value variance of 0.00% which meets the lender's
guidelines. - xxxxxx |
xxxxxx 18:33 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000118009 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 8 | xx/xx/xxxx | Compliance | TRID: Missing Loan Estimate | Missing Initial LE dated
within 3 days of the xxxxxx application date |
Loan Estimate attached - xxxxxx |
Received ILE - xxxxxx Received ILE - xxxxxx Loan Estimate attached - xxxxxx |
xxxxxx 17:16 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000118009 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 8 | xx/xx/xxxx | Compliance | Federal - Loan Estimate Disclosure Received and Intent To Proceed | The date the consumer
indicated an intent to proceed with a transaction (xxxxxx) is before the date
the consumer received the Loan Estimate (xxxxxx). A consumer cannot indicate
an intent to proceed with a transaction until it receives the Loan Estimate. Under
Regulation Z, neither a creditor nor any other person may impose a fee, other
than a credit report fee, before the consumer has received the Loan Estimate
and indicated to the creditor an intent to proceed with the transaction
described by the Loan Estimate. (12 CFR 1026.19(e)(2)(i)(A)) Missing Initial
LE |
Loan Estimate attached - xxxxxx |
Received ILE - xxxxxx Received ILE - xxxxxx Resolved - xxxxxx Loan Estimate attached - xxxxxx |
xxxxxx 17:15 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000118009 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 8 | xx/xx/xxxx | Compliance | Federal - Loan Estimate Mailed/Delivered At Least Seven Business Days Before Consummation | The Initial Loan Estimate
was delivered or placed in the mail on (xxxxxx), which is not seven business
days before the consummation date of (xxxxxx). Seven business days before the
consummation date is (xxxxxx). Under Regulation Z, a Loan Estimate must be
delivered or placed in the mail not later than the seventh business day
before consummation of the transaction. (12 CFR 1026.19(e)(1)(iii)(B))
Missing Initial LE |
Void - xxxxxx Received ILE - xxxxxx |
. | xxxxxx 17:39 | Void | 1 | 4 | 1 | |||
| 4000118009 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 8 | xx/xx/xxxx | Compliance | Federal - Loan Estimate Mailed/Delivered Within Three Business Days of Application | The Initial Loan Estimate
Disclosure Date (xxxxxx) is more than 3 business days from the Application
Date (xxxxxx). Three business days from the Application Date is (xxxxxx).
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)) Missing Initial LE Received ILE |
Void - xxxxxx Received ILE - xxxxxx |
xxxxxx 17:35 | Void | 1 | 4 | 1 | ||||
| 4000118009 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | Non-QM: Lender documented all ATR UW factors | XXXXXX | 6 of 8 | xx/xx/xxxx | Compliance | Federal - Loan Estimate Received At Least Four Business Days Before Consummation | A revised Loan Estimate was
provided on (xxxxxx) via (Other). Under Regulation Z, a consumer must receive
a revised Loan Estimate not later than four business days prior to
consummation date of (xxxxxx). Since
the revised Loan Estimate was not provided in person, a consumer is
considered to have received it on (xxxxxx), which is three business days
after it was delivered or placed in the mail. As a result, the revised Loan
Estimate is not deemed to have been received at least four business days
before consummation, which is (xxxxxx). (12 CFR 1026.19(e)(4)(ii)) . Received
ILE |
Void - xxxxxx Received ILE - xxxxxx |
xxxxxx 17:36 | Void | 1 | 4 | 1 | ||||
| 4000118009 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | Non-QM: Lender documented all ATR UW factors | XXXXXX | 7 of 8 | xx/xx/xxxx | Compliance | Federal - Loan Estimate Disclosure Date on or after Closing Disclosure Date | The Last Loan Estimate was
provided on (xxxxxx) which is on or after (xxxxxx), the date on which the
Initial Closing Disclosure was provided. Under Regulation Z, a creditor shall
not provide a revised version of the Loan Estimate on or after the date on which
a creditor provides the Closing Disclosure. (12 CFR 1026.19(e)(4)(ii)) . |
Void - xxxxxx Received ILE - xxxxxx |
. | xxxxxx 17:39 | Void | 1 | 4 | 1 | |||
| 4000118009 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | Non-QM: Lender documented all ATR UW factors | XXXXXX | 8 of 8 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:32 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000118015 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Flood Certificate Missing | Missing flood certificate.
|
flood report - xxxxxx |
Flood Cert provided.
Condition resolved. - xxxxxx Flood Certificate is fully present - xxxxxx flood report - xxxxxx |
xxxxxx 16:25 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000118015 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. The loan file is missing the Fraud Report. |
FRAUD REPORT - xxxxxx |
Fraud Report provided. Condition resolved. - xxxxxx Third party fraud report is provided - xxxxxx FRAUD REPORT - xxxxxx |
xxxxxx 00:03 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000118015 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 23:10 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000118015 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 23:09 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000118054 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:11 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000118054 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:11 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000118054 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:12 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000118068 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with a risk score of 1.0 and LCA with no risk
score which meets the lender's guidelines.
|
xxxxxx 13:30 | Cleared | 1 | 1 | 2 | 1 | ||||
| 4000118068 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | Missing US Patriot Act Disclosure or ID | Missing an executed US
Patriot Act Disclosure or ID for the Borrower and xxxxxx to support US xxxxxx
as stated on the loan applications. The US Patriot Act forms provided in the
loan file are signed/dated by each borrower; however, the First Document List
information was not xxxxxxtained. |
- xxxxxx See attached - xxxxxx |
Received ID for both
borrowers - xxxxxx See attached - xxxxxx |
xxxxxx 16:54 | Resolved | 2 | 1 | 2 | 1 | ||
| 4000118068 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 13:30 | Cleared | 1 | 1 | 2 | 1 | ||||
| 4000118076 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. |
See Attached - xxxxxx |
Fraud Report provided. Condition resolved. - xxxxxx Third party fraud report is provided - xxxxxx See Attached - xxxxxx |
xxxxxx 22:46 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118076 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:19 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000118076 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 18:20 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000118160 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Borrower 1 3rd Party VOE Prior to Close Missing | Borrower 1 3rd party VOE
prior to close missing. Per guidelines, Verification of business existence
and that the business is fully operational / active required within ten (10)
calendar days of closing is required. This could not be found in the loan documents. |
vvoe - xxxxxx |
CPA verification
provided. Condition resolved. -
xxxxxx Borrower 1 3rd Party VOE prior to close was provided. - xxxxxx vvoe - xxxxxx |
xxxxxx 14:00 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118160 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 15:14 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000118160 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 15:14 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000118180 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU and LCA with risk scores of 2.5 or less which
meets the lender's guidelines. |
xxxxxx 22:12 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118180 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 22:12 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118180 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 22:12 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118182 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 20:13 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000118182 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 20:13 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000118182 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Missing Lease Agreement | Per the approval, the lease
is being transferred to the borrower. Please provide the lease or
documentation showing the transfer of the lease from the current seller to
the borrower, as the lease in the file expired xxxxxx. |
See attached - xxxxxx |
Lease has been
provided. Condition resolved. -
xxxxxx See attached - xxxxxx |
xxxxxx 14:19 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118183 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Purchase Contract - Addendum Missing | The Purchase Contract
Addendum is missing. The Purchase Contract Addendum is missing changing
Purchaser name from xxxxxx and xxxxxx to xxxxxx |
conditions - xxxxxx |
Condition set in error.
Borrower's are purchasers on the Sales Contract, and signed the Note as
Individuals, and as Members of the LLC. - xxxxxx Condition set in error. Borrower's are purchasers on the Sales Contract, and signed the Note as Individuals, and as Members of the LLC. - xxxxxx conditions - xxxxxx |
xxxxxx 19:22 | Resolved | 2 | 1 | 3 | 1 | ||
| 4000118183 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:09 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000118183 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 18:09 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000118183 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Asset 3 Missing | Asset documentation is
missing from the file. Secured borrower funds from the refinance ofxxxxxx
were used in the approval. Documentation of these funds is missing from the
loan file. |
Here is the Note and Final
HUD for the net proceeds form xxxxxx refinance. - xxxxxx |
Final HUD from Refi was
provided. - xxxxxx Asset 3 Provided Or Not Applicable - xxxxxx Here is the Note and Final HUD for the net proceeds form xxxxxx refinance. - xxxxxx |
xxxxxx 14:46 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118187 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | The Deed of Trust is Incomplete | The Deed of Trust is
incomplete. The Deed of Trust is missing pages 7-15. Please provide a fully executed Deed of
Trust with all required signatures and dates.
The Deed of Trust also references a 1-4 Family Rider; however, the
rider is not included in the loan package. |
Attached - xxxxxx |
Deed of Trust was
provided. Condition resolved. -
xxxxxx The Deed of Trust is present and complete - xxxxxx Attached - xxxxxx |
xxxxxx 18:49 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000118187 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | Final CD: Closing Date is missing or inaccurate | Missing Final CD and/or
Final Settlement Statement at closing |
Attached - xxxxxx |
Executed CD was
provided. Condition resolved. -
xxxxxx Attached - xxxxxx |
xxxxxx 18:52 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000118187 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 15:42 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000118228 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains the appraisal with a value of xxxxxx and a CU with
risk score of 1.5 and CDA with Moderate Risk and CDA Value of $xxxxxx, or a
-2.3% variance to the appraisal value, which meets the lender's
guidelines. |
xxxxxx 16:37 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000118228 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | Missing Business Purpose Affidavit | File is missing statement
of business purpose. Please provide the signed business purpose affidavit.
|
Business purpose affidavit
- xxxxxx |
BPA provided. Condition resolved. - xxxxxx Business purpose affidavit - xxxxxx |
xxxxxx 18:18 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118228 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Calculated DSCR does not meet the Minimum DSCR allowed | The Calculated DSCR of
'0.875' is less than the minimum required DSCR of'1'. |
UW response - xxxxxx |
System error. DSCR is calculated at 1.091%. - xxxxxx The Calculated DSCR is equal to or greater than the minimum required DSCR, or Not Applicable - xxxxxx UW response - xxxxxx |
xxxxxx 18:22 | Void | 3 | 3 | 1 | |||
| 4000118244 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Loan Purpose is Purchase but Purchase Contract Doc is Missing | Loan purpose is purchase
and valuation type of purchase contract has not been selected. Lender to
provide the fully executed purchase contract for review. |
COS - xxxxxx |
Purchase Contract Doc is
not Missing, or is Not Applicable. - xxxxxx Purchase contract provided, condition resolved. - xxxxxx COS - xxxxxx |
xxxxxx 17:21 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118244 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 21:41 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000118244 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 21:40 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000118267 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 20:10 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118267 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 20:10 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118267 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 20:11 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118281 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 14:52 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000118281 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 14:52 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000118281 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. The loan file is missing the xxxxxx Bay Rate Lock. |
Lock - xxxxxx |
Investor Lock
provided. Condition resolved. -
xxxxxx Lock - xxxxxx |
xxxxxx 16:20 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118317 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 6 | xx/xx/xxxx | Credit | Master Policy Expiration Date is Prior To the Transaction Date | Master Policy expiration
date is prior to the transaction date. The Condo master policy has an
expiration date of xxxxxx, which is prior to the closing date of xxxxxx.
Please provide the updated master policy. |
master insurance - xxxxxx |
Renewal policy provided.
Condition resolved. - xxxxxx Master Policy Expiration Date xxxxxx is Equal to or After the Transaction Date xxxxxx Or Master Policy Expiration Date Is Not Provided - xxxxxx master insurance - xxxxxx |
xxxxxx 20:43 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118317 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 6 | xx/xx/xxxx | Credit | Condo - Documentation | The loan file did not
contain required condo documentation (ie. Master HOI, Condo Questionnaire,
Condo Budget, Project Review). The xxxxxx Condo or FNMA approval document
could not be found in the loan documents. |
THIS WAS DONE AS A LIMITED
REVIEW. - xxxxxx |
Limited Review was
performed. Condition resolved. -
xxxxxx THIS WAS DONE AS A LIMITED REVIEW. - xxxxxx |
xxxxxx 20:51 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118317 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 6 | xx/xx/xxxx | Credit | Calculated DSCR does not meet the Minimum DSCR allowed | The Calculated DSCR of
'0.763' is less than the minimum required DSCR of'1'. The loan was submitted
with a minimum DSCR score of 1.00 and showing the loan had a score of 1.01.
It appears that the condo association monthly fee was not added to the
payment when the initial payment calculation was submitted. When the monthly
condo fee of $1,027 is added to the payment then the score goes to .76, which
does not qualify the way the loan was submitted. |
UPDATED LOCK
CONFIRMATION - xxxxxx |
Loan was re-locked at DSCR
0.75-0.99. Condition resolved. -
xxxxxx The Calculated DSCR is equal to or greater than the minimum required DSCR, or Not Applicable - xxxxxx UPDATED LOCK CONFIRMATION - xxxxxx |
xxxxxx 20:57 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118317 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 6 | xx/xx/xxxx | Credit | General and Limited: Certificate of Good Standing Doc is Missing | The loan file does not
contain the General and Limited: Certificate of Good Standing. Please provide
the Certificate of Good Standing that
is dated within 30 days of the Note date |
certificate of good
standing - xxxxxx |
Certificate of Good
Standing provided. Condition resolved.
- xxxxxx certificate of good standing - xxxxxx |
xxxxxx 20:36 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118317 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 6 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 19:05 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000118317 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 6 of 6 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 19:04 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000118324 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Flood Certificate Missing | Missing flood certificate.
Lender to provide the flood cert for the subject property. |
flood cert - xxxxxx |
Flood Cert provided. Condition resolved. - xxxxxx Flood Certificate is fully present - xxxxxx flood cert - xxxxxx |
xxxxxx 13:31 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000118324 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 22:21 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000118324 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 22:21 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000118340 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 16:26 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000118340 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | Missing VOM or VOR | Verification of Rent
(VOR)/Verification of Mortgage (VOM) Document is Missing. Please provide the
verification of mortgage for the subject property for XXXXX XXXXX. |
VOM on the subject property
attached - xxxxxx |
VOM provided, no lates
reported, condition resolved. -
xxxxxx VOM on the subject property attached - xxxxxx |
xxxxxx 16:32 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118340 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | Missing Initial Escrow Disclosure | Initial Escrow Account
Disclosure is missing. Please provide the Initial Escrow Account Disclosure
|
Not required on DSCR
program loans - xxxxxx |
Not required for a DSCR
loan. - xxxxxx Not required on DSCR program loans - xxxxxx |
xxxxxx 16:28 | Void | 2 | 3 | 1 | |||
| 4000118341 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 15:37 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000118341 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 15:38 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000118341 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 15:38 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000118354 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 23:16 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000118354 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. The property is a 2-4 unit
property. The Two- to Four-Unit Residential Appraisal Field Review Report has
been provided but is incomplete (visual inspection not complete and market value
incomplete). Please provide a valid third party revuew product. |
please see the field review
that was provided with the original upload- The market value only gets
completed if the estimated opinion of market value is changing which this is
not. - xxxxxx |
Upon further review,
condition resolved with the provided field review. - xxxxxx please see the field review that was provided with the original upload- The market value only gets completed if the estimated opinion of market value is changing which this is not. - xxxxxx |
xxxxxx 19:20 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118354 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Missing Business Purpose Affidavit | File is missing statement
of business purpose. Please provide the Business Purpose Affidavit |
see attached - xxxxxx |
Business Purpose Affidavit
provided. Condition resolved. -
xxxxxx see attached - xxxxxx |
xxxxxx 20:06 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118383 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 14:50 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000118383 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 14:50 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000118383 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 14:51 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000118391 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 12:38 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118391 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 12:38 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118391 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 12:41 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118468 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 04:07 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118468 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 04:07 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118468 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 04:07 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118503 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | 1-4 Family Rider is Missing | The file is missing the 1-4
Family Rider. Please provide the 1-4 Family Rider or Assignment of Rents |
LEASES AND RENTS RIDER - xxxxxx |
Received assignment of
rents - xxxxxx LEASES AND RENTS RIDER - xxxxxx |
xxxxxx 16:49 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118503 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 17:53 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000118503 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 17:54 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000118509 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 22:26 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000118509 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 22:26 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000118509 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 22:25 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000118519 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:50 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000118519 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:51 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000118519 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 5 | xx/xx/xxxx | Compliance | License: Loan Originator | The loan originator does
not have a license in OH as of xxxxxx Per the NMLS website, the Loan
Originator was issued a license in the state of OH onxxxxxx therefore the
license was not valid at the time the application was taken onxxxxxx. |
loe - xxxxxx |
Concur. Initial documentation issued by licensed LO
- xxxxxx loe - xxxxxx |
xxxxxx 15:06 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118519 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 5 | xx/xx/xxxx | Compliance | Charges That Cannot Increase Test (50001251) | 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: Credit Report
Fee, Tech 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)). Need evidence of change of circumstance
letter or a copy of a refundable check in the amount of $xxxxxx for 0%
tolerance fees. The credit report and technology fee increased on the LE dated xxxxxx. |
cic addresses the changes -
xxxxxx le cic - xxxxxx |
Received CIC for increased
fees - xxxxxx - xxxxxx cic addresses the changes - xxxxxx The credit report and technology fee increased on the LE dated xxxxxx. - xxxxxx le cic - xxxxxx |
xxxxxx 15:07 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118519 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 5 | xx/xx/xxxx | Compliance | Insufficient Change of Circumstance (50001252) | 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: Credit Report Fee, Tech 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)). |
Received CIC for the
increased fees. Finding resolved -
xxxxxx can this be waived? or more info provided? - xxxxxx |
Received CIC for the
increased fees. Finding resolved - xxxxxx Received CIC for the increased fees. Finding resolved - xxxxxx can this be waived? or more info provided? - xxxxxx - xxxxxx |
xxxxxx 19:30 | Resolved | 1 | 1 | 3 | 1 | ||
| 4000118532 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Credit Documentation - Mortgage History | The loan file did not
contain sufficient mortgage payment history. Missing proof the $xxxxxx
mortgage paymentxxxxxx #xxxxxx due for xxxxxx was not paid over 30 days late.
The lender's guidelines require the primary mortgage to be current at time of
closing with no late payments in the most recent 12 months. The loan file
contains a mortgage statement verifying the last payment was for xxxxxx paid
on xxxxxx and the subject loan closed on xxxxxx. |
Mortgage Statement -
xxxxxx |
MLS provided. Condition resolved. - xxxxxx Mortgage Statement - xxxxxx |
xxxxxx 13:20 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118532 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a xxxxxx CDA with a Moderate Risk and a CDA Value to
Appraisal with 0.00% variance which meets the lender's guidelines. |
xxxxxx 23:56 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000118532 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. The loan file is missing the xxxxxx Rate Lock. |
xxxxxx Rate Lock -
xxxxxx |
Investor rate lock
provided. Condition resolved. -
xxxxxx Evidence of Rate Lock Provided - xxxxxx xxxxxx Rate Lock - xxxxxx |
xxxxxx 13:19 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118540 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 15:23 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118540 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 15:23 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118540 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 15:26 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118581 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 14:14 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000118581 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 14:14 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000118581 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 14:15 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000118625 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 2 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 16:37 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118625 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 2 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 16:38 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118714 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 20:22 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000118714 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 20:23 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000118714 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | Title Document is Partially Present | Title document is
incomplete or only partially present.
File is missing either a Quick EQ/Property Report or the RELP, MRELP,
Transaction Cert, or E&O Policy.
Please supply both required Title documents. Missing Title Coverage
Amount |
Final title policy -
xxxxxx |
Final Title provided. Condition resolved. - xxxxxx Title document has been provided. - xxxxxx Final title policy - xxxxxx |
xxxxxx 13:40 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000118714 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Program Parameters - Payment Shock | The subject loan does not
meet program parameters for payment shock. The payment shock for the subject
transaction exceeds the max allowed per guidelines. Per guidelines-FTxxxxxx
Maximum payment shock of 250%. Borrower qualified/approved with payment shock
exceeding 250% (379.33%). Exception approved in Expanded Prime+ for pay shock
over guide limits (not to exceed 500%). |
Compensating factors-Borrowers income is 3x the rent, residual income $xxxxxx; ratios 16 points under max; minimal monthly tradeline payments. No rental income used to qualify. | xxxxxx 14:02 | Waived | 2 | 2 | 3 | 2 | |||
| 4000118755 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 8 | xx/xx/xxxx | Compliance | The Initial 1003 is Missing | The Initial 1003 is
missing. |
attached - xxxxxx |
Initial 1003 provided. Condition resolved. - xxxxxx The Initial 1003 is present. - xxxxxx attached - xxxxxx |
xxxxxx 14:46 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000118755 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 8 | xx/xx/xxxx | Credit | Missing VOM or VOR | Verification of Rent
(VOR)/Verification of Mortgage (VOM) Document is Missing. According to the
Uniform Residential Loan Application, the borrower has occupied the current
primary residence/subject property for the past three months. The borrower’s
previous primary residence was located at xxxxxx, where rent of $xxxxxx per
month was paid for 2 years and 5 months. Please provide 12 months of housing payment history, documented through canceled checks, bank statements showing rent debits, or an institutional Verification of Rent (VOR). |
attached - xxxxxx |
VOR and 12 months cancelled
checks were provided. Condition
resolved. - xxxxxx Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - xxxxxx attached - xxxxxx |
xxxxxx 20:07 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000118755 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 8 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:41 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000118755 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 8 | xx/xx/xxxx | Compliance | Missing Doc - Homeownership Counseling Disclosure/Missing | Homeownership Counseling
Disclosure is missing. |
attached - xxxxxx |
Homeownership Counseling
Disclosure was provided. - xxxxxx Received disclousre - xxxxxx attached - xxxxxx |
xxxxxx 16:46 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000118755 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 8 | xx/xx/xxxx | Compliance | TRID: Missing Loan Estimate | Missing Initial LE and SPL
dated xxxxxx per the Compliance Summary |
attached - xxxxxx |
Received LE - xxxxxx attached - xxxxxx |
xxxxxx 16:50 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000118755 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 6 of 8 | xx/xx/xxxx | Compliance | Federal - Finance Charge Disclosure Tolerance (Closed End) | . |
Finding fired in error,
voided. - xxxxxx in error - xxxxxx Resolved - xxxxxx |
xxxxxx 13:06 | Void | 1 | 4 | 1 | ||||
| 4000118755 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 7 of 8 | xx/xx/xxxx | Compliance | Federal - Foreclosure Rescission Finance Charge Tolerance | . |
Finding fired in error,
voided. - xxxxxx in error - xxxxxx Resolved - xxxxxx |
xxxxxx 13:06 | Void | 1 | 4 | 1 | ||||
| 4000118755 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 8 of 8 | xx/xx/xxxx | Compliance | Intent to Proceed is Missing or Incomplete | Intent to Proceed is
misisng |
Executed Intent to Proceed
provided - xxxxxx attached - xxxxxx |
Intent to Proceed provided.
- xxxxxx Executed Intent to Proceed provided - xxxxxx attached - xxxxxx |
xxxxxx 16:46 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000118776 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 20:45 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000118776 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 20:45 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000118776 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 20:46 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000118824 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 16:24 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118824 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 16:24 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118824 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 16:24 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118854 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Property Title Issue | Property title issue. Title
Insurance does not reflect proposed insured as Lender and (ISAOA) |
See attached - xxxxxx See CPL - xxxxxx |
CPL and Closing order
showing proposed insured and coverage were provided. Condition resolved. - xxxxxx Property Title Issue Resolved - xxxxxx See attached - xxxxxx Condition upheld. Provide Title Commitment or Final Title to show the correct Proposed insured amount and the Proposed Insured Lender. - xxxxxx See CPL - xxxxxx |
xxxxxx 14:40 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118854 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:23 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000118854 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 18:24 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000118854 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Borrower 1 CPA Letter Missing | Borrower 1 CPA letter
missing from the file. The CPA leter is in file, but documentation of the
ownership percentage of the business is missing from the loan file. |
Business filing shows he is
individual owner. - xxxxxx |
Documentation
provided. Condition resolved. -
xxxxxx Borrower 1 CPA letter provided - xxxxxx Business filing shows he is individual owner. - xxxxxx |
xxxxxx 18:23 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118862 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 19:57 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118862 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
Verified the loan file contained xxxxxx CDA with CDA to Appraisal Value with
0.00% variance as required by the lender's guidelines. |
xxxxxx 19:57 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118862 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 19:57 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118930 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Missing VVOE dated within 10 days consummation | The VVOE within 10 days of
closing for xxxxxx could not be found in the loan documents. |
see attached - xxxxxx |
3rd party VVOE provided.
Condition resolved. - xxxxxx see attached - xxxxxx |
xxxxxx 16:41 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118930 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:44 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000118930 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 18:44 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000118955 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 14:49 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000118955 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 14:49 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000118955 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Missing Business Purpose Affidavit | File is missing statement
of business purpose. Missing Business Purpose Affidavit. |
Please see the attached
Business Purpose Affidavit - xxxxxx |
Business Purpose and
Occupancy Affidavit provided. -
xxxxxx Please see the attached Business Purpose Affidavit - xxxxxx |
xxxxxx 14:57 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118957 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Credit Documentation - Payment History Missing | The loan file did not
contain sufficient documentation to verify the payment history as required.
3rd party documentation showing proof that the xxxxxx xxxxxx and xxxxxx
xxxxxx payments were made on the xxxxxx
Account # (ending in xxxxxx), xxxxxx Account# (ending in XXXX), and
the xxxxxx# (ending in xxxxxx). The
applicable mortgage accounts were reflected on the Credit Report dated
xxxxxx |
Attached is an updated
credit report showing payments. - xxxxxx |
Credit Supplement provided
showing updated pay-history. - xxxxxx Attached is an updated credit report showing payments. - xxxxxx |
xxxxxx 20:21 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118957 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 19:19 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000118957 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. Lender to provide Third
Party Valuation product missing from the loan file. |
CDA value $xxxxxx. Appraisal value $xxxxxx - xxxxxx |
CDA supporting value was
provided. Condition resolved. -
xxxxxx CDA value $xxxxxx. Appraisal value $xxxxxx- xxxxxx |
xxxxxx 20:38 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118958 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Missing VOM or VOR | Verification of Rent
(VOR)/Verification of Mortgage (VOM) Document is Missing. Missing
Verification rent for xxxxxx |
rent-free letter uploaded -
xxxxxx |
Rent-Free letter
provided. Condition cleared. -
xxxxxx Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - xxxxxx rent-free letter uploaded - xxxxxx |
xxxxxx 18:43 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118958 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 17:24 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000118958 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. |
CDA value $xxxxxx. Appraised value $xxxxxx. - xxxxxx |
CDA supporting value was
provided. Condition resolved. -
xxxxxx CDA value $xxxxxx. Appraised value $xxxxxx. - xxxxxx |
xxxxxx 18:47 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000118961 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Property Title Issue | Property title issue. A
special assessment in the amount of $xxxxxx is reflected on title. As the
subject property is new construction, there is no documentation in the loan
file confirming whether this assessment was paid by the seller at closing or
assumed by the borrower. The lender must verify the status of the assessment
with the title company and provide supporting documentation confirming its
resolution. |
The tax bill is in the file
and attached above, and confirms the "Original Assessment" was
$xxxxxx, but the "Current Balance" is only $xxxxxx and is collected
semi-annually / 6 = $xxxxxx monthly and was included in the Proposed PITIA as
"Other" - borrower is billed every six monthly. - xxxxxx |
Explanation provided. Condition resolved. - xxxxxx Property Title Issue Resolved - xxxxxx The tax bill is in the file and attached above, and confirms the "Original Assessment" was $xxxxxx, but the "Current Balance" is only $xxxxxx and is collected semi-annually / 6 = $xxxxxx monthly and was included in the Proposed PITIA as "Other" - borrower is billed every six monthly. - xxxxxx |
xxxxxx 18:48 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000118961 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 15:53 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000118961 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 15:53 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000118961 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Other Credit Finding | There is another monthly
payment of $xxxxxx included in the PITIA, but documentation to support the
additional payment is missing from the loan file. |
attached above is
documentation to support the additional $xxxxxx(semi-annual assessment
$xxxxxx / 6 = xxxxxxmonthly) and is part of the HOA fee but is a special
additional tax assessment that was levied. SIDs = Special Improvement
Districts) and LIDs = Local Improvement Districts). Please clear audit. -
xxxxxx |
Documentation provided
showing it is a special assessment.
Condition resolved. - xxxxxx attached above is documentation to support the additional $xxxxxx (semi-annual assessment $xxxxxx / 6 = xxxxxx monthly) and is part of the HOA fee but is a special additional tax assessment that was levied. SIDs = Special Improvement Districts) and LIDs = Local Improvement Districts). Please clear audit. - xxxxxx |
xxxxxx 20:35 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000119000 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Borrower 1 3rd Party VOE Prior to Close Missing | Borrower 1 3rd party VOE
prior to close missing. Per guidelines, a Verbal Verification of Employment
(VVOE) must be completed within ten (10) calendar days of the closing date.
This documentation is missing from the loan file. |
vvoe - xxxxxx |
VVOE was provided. Condition resolved. - xxxxxx Borrower 1 3rd Party VOE prior to close was provided. - xxxxxx vvoe - xxxxxx |
xxxxxx 21:31 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119000 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 16:14 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000119000 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | Disclosure - ARM Disclosure/Late | The ARM Disclosure was not
provided within 3 days of application date. The Early ARM Disclosure
Statement located on page 313 was signed by the borrower on xxxxxx. Need
proof disclosure was provided within 3 days of application date. |
attached response, please
review and clear loan for purchase. thank you - xxxxxx |
Confirmed disclousre was
sent within 3 days of program change,
- xxxxxx attached response, please review and clear loan for purchase. thank you - xxxxxx |
xxxxxx 15:01 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119015 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 22:00 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000119015 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | TRID: Missing Initial Closing Disclosure | The loan file does not
contain the initial Closing Disclosure. |
initial CD - xxxxxx |
Received ICD - xxxxxx initial CD - xxxxxx |
xxxxxx 14:34 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000119015 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 22:00 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000119052 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. |
CDA value $xxxxxx. Appraisal value $xxxxxx. - xxxxxx |
CDA supporting value
provided. Condition resolved. -
xxxxxx CDA value $xxxxxx. Appraisal value $xxxxxx. - xxxxxx |
xxxxxx 19:46 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119052 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | Title - Unpaid Liens | Title documents provided in
the loan file reflected unpaid liens. Missing satisfactory of judgment/lien
in the amount of $xxxxxxfor subject borrower dated xxxxxx. |
Lien does not belong to
borrower. - xxxxxx |
Evidence provided to show
Liens are not Borrower. - xxxxxx Lien does not belong to borrower. - xxxxxx |
xxxxxx 19:43 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119052 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 18:19 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000119060 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 22:23 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119060 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 22:24 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119060 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 22:24 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119150 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 19:27 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000119150 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 19:27 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000119150 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 19:26 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000119233 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Delinquent Credit History | Delinquent Credit History
Meets G/L Requirement should be N/A when there is no delinquent credit
history. N/A selected |
Please clarify. No delinquencies are showing on Credit
Report or UDN - xxxxxx |
Condition set in error. -
xxxxxx Please clarify. No delinquencies are showing on Credit Report or UDN - xxxxxx n/a - xxxxxx |
xxxxxx 20:36 | Void | 1 | 3 | 1 | |||
| 4000119233 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 5 | xx/xx/xxxx | Credit | Program Parameters - Borrower/Business Entity Ineligibility | Per guides: Any loan
submitted with less than twelve (12) months of consecutive bank statements
will not be eligible for purchase by xxxxxx -
only 11 months banks of consecutive business bank statements are
provided xxxxxx lapse of 74 calendar days to the loan application datexxxxxx.
Bank statements must be most recent available at time of application and must
be consecutive. The file is missing
the bank statements for xxxxxx and xxxxxx. |
Updated Bank statements and
income calc sheet - xxxxxx |
Bank statements and income
worksheet provided. - xxxxxx Updated Bank statements and income calc sheet - xxxxxx |
xxxxxx 17:18 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119233 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:16 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000119233 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 5 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 18:16 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000119233 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 5 | xx/xx/xxxx | Credit | Borrower 1 CPA Letter Missing | Borrower 1 CPA letter
missing from the file. CPA letter provided however we're missing the expense
ratio that was used to calculate the borrower income @ 35%. |
Guidelines do not state
expense factor needs to be noted on CPA Letter just ownership - xxxxxx Bank Statements, xxxxxx - xxxxxx |
Borrower 1 CPA letter
provided - xxxxxx Condition set in error. CPA letter states business is solely owned by Borrower. 35% expense factor was used per guidelines. - xxxxxx Guidelines do not state expense factor needs to be noted on CPA Letter just ownership - xxxxxx Bank Statements, xxxxxx - xxxxxx |
xxxxxx 19:26 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119236 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | AUS - Findings Missing | The loan file did not
contain the AUS findings as required. The loan application identifies the
borrower as self‑employed with <25% ownership; however, the 2024
K‑1 shows the borrower owns 100% of xxxxxx. Because the borrower holds
≥25% ownership, FNMA requires classification as self‑employed.
Please resubmit DU with the borrower correctly identified as
self‑employed so DU findings align with the proper employment type. |
See updated AUS - xxxxxx
See attached - xxxxxx |
Updated AUS provided.
Condition resolved. - xxxxxx See updated AUS - xxxxxx Condition upheld. Provide corrected AUS (DU) Borrower is self-employed, not a Wage Earner. The AUS (DU) states the Borrower is a Wage Earner. - xxxxxx See attached - xxxxxx |
xxxxxx 15:21 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119236 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 19:22 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000119236 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 19:23 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000119254 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 15:54 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119254 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 15:55 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119254 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable
appraisal guidelines. |
xxxxxx 15:54 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119258 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:01 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000119258 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 18:00 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000119258 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. The xxxxxx/xxxxxx rate lock agreement is missing from the loan
file. |
Rate lock Agreement - xxxxxx Rate Lock confirmation - xxxxxx |
Evidence of Rate Lock
Provided - xxxxxx Rate lock Agreement - xxxxxx Condition upheld. Provide Lock between xxxxxxx and xxxxxx. - xxxxxx Rate Lock confirmation - xxxxxx |
xxxxxx 13:50 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119258 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Credit Documentation - Letter of Explanation | The loan file did not
contain a letter of explanation as required. Per the credit report, the
xxxxxx account was 90 days old as of xxxxxx. Per guidelines, all derogatory
revolving and installment accounts greater than sixty (60) days within four
(4) years of closing require a full explanation. This documentation is
missing from the loan file. |
LOE signed by borrower. -
xxxxxx |
LOE provided from Borrower.
- xxxxxx LOE signed by borrower. - xxxxxx |
xxxxxx 17:44 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119274 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 20:57 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000119274 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 20:58 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000119274 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Appraisal is Missing | The file is missing the
appraisal. Missing secondary valuation
|
AVM - xxxxxx |
AVM supporting value was
provided. Condition resolved. -
xxxxxx Appraisal is Present or is Waived - xxxxxx AVM - xxxxxx |
xxxxxx 13:37 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000119278 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 21:15 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000119278 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 21:16 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000119278 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 21:15 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000119287 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:23 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119287 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 18:23 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119287 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 18:24 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119345 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 04:02 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000119345 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with a risk score of 1 which meets the lender's
guideline requirements. |
xxxxxx 04:02 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000119345 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Corporation/LLC: Certificate of Good Standing Doc is Missing | The loan file does not
contain the Corporation/LLC: Certificate of Good Standing. The certificate of
good standing is in the file, but datedxxxxxx. The Note date isxxxxxx, making
the document 31 days old. Per guidelines, Certificate of Good Standing must
be dated within 30 days of closing. Please provide the updated certificate of
good standing. |
Your calculation being used
to count the number of days is flawed.
You are including the day the good standing cert was xxxxxxtained in
the calculation but the day it is received has not had a day pass until the
next day. So forxxxxxx the first day
counted would bexxxxxxhich would make the good standing cert exactly 30 days
old as of the note date. A new cert is
not required. - xxxxxx |
Condition set in error. -
xxxxxx Your calculation being used to count the number of days is flawed. You are including the day the good standing cert was xxxxxxtained in the calculation but the day it is received has not had a day pass until the next day. So forxxxxxx the first day counted would bexxxxxxhich would make the good standing cert exactly 30 days old as of the note date. A new cert is not required. - xxxxxx |
xxxxxx 14:20 | Void | 3 | 3 | 1 | |||
| 4000119351 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 14:49 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000119351 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 5 | xx/xx/xxxx | Credit | Verification Documentation - VOM Missing/Incomplete | The mortgage history in the
loan file was incomplete or missing. The loan file did not contain a
Verifiction of Mortgage as required. Missing the documentation confirming the
CPA / CTEC license is verified and active. A screen shot of the IRS web site
for an IRS Enrolled Agent (EA) is acceptable. |
see attached - xxxxxx |
Evidence CPA is licensed
was provided. Condition resolved. -
xxxxxx see attached - xxxxxx |
xxxxxx 19:00 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119351 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 5 | xx/xx/xxxx | Credit | VVOE is incomplete or inaccurate | Missing an internet search
of the business is required with documentation to be included in the credit
file to support existence of the business for xxxxxx, as required per guides.
|
see attached - xxxxxx |
Internet Search
provided. Condition resolved. -
xxxxxx see attached - xxxxxx |
xxxxxx 18:59 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119351 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 5 | xx/xx/xxxx | Credit | Credit Documentation - Letter of Explanation | The loan file did not
contain a letter of explanation as required. Missing: The letter of
explanation for the xxxxxx account with (1x30 4/23 + 1x60 5/2023 + 1x90
6/2023) - total late 4/23-6/23 = 1x90
within the last 4 years. Guides require an LOE for All derogatory revolving
and installment accounts > sixty (60) days within four (4) years of
closing. |
see attached - xxxxxx |
LOE for late payments from
2023 was provided. Condition resolved.
- xxxxxx see attached - xxxxxx |
xxxxxx 19:36 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119351 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 5 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 14:50 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000119357 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:15 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119357 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 18:15 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119357 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 18:15 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119424 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 15:07 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119424 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 15:07 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119424 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 15:07 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119432 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 2 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 16:13 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119432 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 2 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 20:39 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119536 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 16:35 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119536 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 16:35 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119536 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 16:36 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119581 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 7 | xx/xx/xxxx | Property | Loan Purpose is Purchase but Purchase Contract Doc is Missing | Loan purpose is purchase
and valuation type of purchase contract has not been selected. Lender to
provide the fully executed purchase contract for the subject property
including all addendums for review.
|
COS - xxxxxx |
Cash on Sale contract
provided. Condition resolved. -
xxxxxx Purchase Contract Doc is not Missing, or is Not Applicable. - xxxxxx COS - xxxxxx |
xxxxxx 17:17 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119581 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 7 | xx/xx/xxxx | Credit | Hazard Insurance Policy is Missing | Missing hazard insurance
policy. Please provide the homeowners insurance declarations page including
the premium and loss payee clause naming the lender for the subject
property |
HOI - xxxxxx |
HOI Policy and RCE
provided. Condition resolved. -
xxxxxx Hazard Insurance Policy was provided. - xxxxxx HOI - xxxxxx |
xxxxxx 17:26 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119581 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 7 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. Please provide the fraud report including the exclusionary lists for
all interested parties in the loan transaction. |
FRAUD REPORT - xxxxxx |
Fraud Report provided. Condition resolved. - xxxxxx FRAUD REPORT - xxxxxx |
xxxxxx 17:25 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119581 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 4 of 7 | xx/xx/xxxx | Credit | Asset 2 Missing | Asset documentation is
missing from the file. The loan was approved using assets from the xxxxxx
bank statement for account ending xxxxxx with a balance of $xxxxxx. This
statement is missing from the loan file.Please provide the xxxxxx and xxxxxx
xxxxxx bank statements for account ending in xxxxxx to verify that the
$xxxxxx earnest money deposit (EMD) cleared the account. |
xxxxxx statement - xxxxxx |
Statement provided. Condition resolved. - xxxxxx Asset 2 Provided Or Not Applicable - xxxxxx chase statement - xxxxxx |
xxxxxx 17:32 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119581 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 5 of 7 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 21:54 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000119581 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 6 of 7 | xx/xx/xxxx | Compliance | Federal - Loan Estimate Received At Least Four Business Days Before Consummation | A revised Loan Estimate was
provided on (xxxxxx) via (USPSFirstClassMail). Under Regulation Z, a consumer
must receive a revised Loan Estimate not later than four business days prior
to consummation date of (xxxxxx).
Since the revised Loan Estimate was not provided in person, a consumer is
considered to have received it on (xxxxxx), which is three business days
after it was delivered or placed in the mail. As a result, the revised Loan
Estimate is not deemed to have been received at least four business days
before consummation, which is (xxxxxx). (12 CFR 1026.19(e)(4)(ii)) Revised LE
issued xxxxxx didn't have the borrower signature on it. There wasn't any
disclosure tracking information in the file.
|
PLEASE SEE ATTACHED LOE AND
LE, COC LE, AND INITIAL CD. - xxxxxx
INITIAL CD DATED xxxxxx WAS ISSUED AFTER THE LE DATED xxxxxx - xxxxxx |
Received electronic
delivery - xxxxxx Resolved - xxxxxx PLEASE SEE ATTACHED LOE AND LE, COC LE, AND INITIAL CD. - xxxxxx The finding is for the receipt by the borrower of the LE issued xxxxxx. - xxxxxx INITIAL CD DATED xxxxxx WAS ISSUED AFTER THE LE DATED xxxxxx - xxxxxx |
xxxxxx 15:28 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119581 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 7 of 7 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Please provide the hazard and tax statements for xxxxxx
supporting a montly payment of $xxxxxx and the hazard statement for xxxxxx.
|
xxxxxx DOCS - xxxxxx |
REO Docs provided. Condition resolved. - xxxxxx xxxxxx - xxxxxx |
xxxxxx 17:28 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119599 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 23:21 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000119599 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 23:21 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000119599 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 23:20 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000119640 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 16:42 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119640 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 16:43 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119640 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 16:43 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119671 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Assets - Insufficient Cash to Close or Reserves | Liquid Funds Post-Close of
'$xxxxxx, are less than $xxxxxx. Lender to provide the most recent bank
statement(s) for the borrower to verify he has sufficient funds to meet the 3
month reserve requirement & funds for closing. Per the HUD one in file, borrower also
needed to bring $xxxxxx to closing. He is short a total of $ xxxxxx |
The borrower did a cash out
refinance on another property. Please see the attached HUD that would provide
enough funds for closing as well as to cover reserves. This was noted on the
final application in the asset section. - xxxxxx |
Settlement Statement from
Simultaneous Refinance on another REO was provided. Condition resolved. -
xxxxxx Liquid Funds Post-Close are greater than or equal to $xxxxxx. - xxxxxx The borrower did a cash out refinance on another property. Please see the attached HUD that would provide enough funds for closing as well as to cover reserves. This was noted on the final application in the asset section. - xxxxxx |
xxxxxx 16:50 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119671 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 21:46 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000119671 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Missing Business Purpose Affidavit | File is missing statement
of business purpose. Please provide the business purpose affidavit |
attached - xxxxxx |
Business Purpose Affidavit
provided. Condition resolved. -
xxxxxx attached - xxxxxx |
xxxxxx 16:44 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119685 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 23:30 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000119685 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 23:30 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000119685 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | Cash reserves less than required by guidelines | Total Cash reserves of
'$xxxxxx are less than $xxxxxx. Reserves-8; $xxxxxx – xxxxxx 6 Months +
Additional Financed Properties (2) Months Incremental PITIA/ITIA Per Financed
Property (departure property) Total Cash reserves of xxxxxx are less than
$xxxxxx. |
see attached - xxxxxx xxxxxxin assets +$xxxxxx appraisal and $xxxxxx HOI= $xxxxxx Total -xxxxxx cash to close = $xxxxxx in reserves which is 8 months - xxxxxx |
Updated asset statement
provided. Condition resolved. -
xxxxxx Total Cash reserves are greater than $xxxxxx. - xxxxxx see attached - xxxxxx Condition upheld. Borrower is short $xxxxxx in funds to close + reserves. HOI and Appraisal Fee were POC, and do not get credited back. - xxxxxx xxxxxx in assets +$xxxxxx appraisal and $xxxxxx HOI= $xxxxxx Total - xxxxxx cash to close = $xxxxxx in reserves which is 8 months - xxxxxx |
xxxxxx 15:24 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119685 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Evidence of Property Tax Missing | Missing evidence of
property tax. Missing tax documentation for $xxxxxxmo/ $xxxxxx annually |
please re-review the tax
bill in the title report as there is tax and school tax. - xxxxxx |
Tax Cert and explanation
provided. - xxxxxx Evidence of property tax is present - xxxxxx please re-review the tax bill in the title report as there is tax and school tax. - xxxxxx |
xxxxxx 20:19 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119695 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 23:17 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000119695 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 23:17 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000119695 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. The loan file is missing the second mortgage or line of credit
information for xxxxxx. The lender added a payment of $xxxxxx on the Final
1003; therefore, the payment needs to be verified. |
Please note the taxes are
escrowed and included in the mortgage payment. The hazard is not escrowed.
The premium is xxxxxx/12=$xxxxxx - xxxxxx |
REO Docs provided. Condition resolved. - xxxxxx Please note the taxes are escrowed and included in the mortgage payment. The hazard is not escrowed. The premium is xxxxxx/12=$xxxxxx - xxxxxx |
xxxxxx 15:00 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000119754 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CDA with Low Risk and CDA Value of $xxxxxx which is
a 0.00% variance to the Appraisal value of $xxxxxx. |
xxxxxx 15:23 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119754 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 15:24 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119754 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 15:24 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119759 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 17:24 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119759 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 17:24 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119759 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 17:24 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119858 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CDA with Low Risk and 0.00 variance from the
appraisal value. |
xxxxxx 15:03 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119858 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 15:04 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119858 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 15:04 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119892 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 21:15 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000119892 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 21:14 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000119892 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 21:15 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000120043 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Asset 1 Less Than 2 Months Verified | Asset has less than 2
months verified in file. The asset statement provided for account ending in xxxxxx with a balance
of $xxxxxx is missing the bank name and 30 days of transaction history. It
coversxxxxxx - xxxxxx. Per guidelines, the statement must cover the full 30
days. Please provide the complete asset statement. |
Bank statement attached
with Bank Name. Two months bank statement are not required, LTV is below 70%.
- xxxxxx |
Seller clarification
provided, not required as LTV is below 70%, condition resolved. - xxxxxx Bank statement attached with Bank Name. Two months bank statement are not required, LTV is below 70%. - xxxxxx |
xxxxxx 16:20 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000120043 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 17:38 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000120043 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 17:39 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000120064 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 20:32 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000120064 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 20:32 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000120064 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 20:32 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000120076 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 17:07 | Cleared | 1 | 1 | 2 | 2 | ||||
| 4000120076 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 17:07 | Cleared | 1 | 1 | 2 | 2 | ||||
| 4000120076 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | Housing History Does Not Meet Guideline Requirements | Housing history does not
meet guideline requirements. Blanket exception waiver for investor property
first time buyer with a FICO greater than 700 and there is no other
exceptions in the file |
FICO greater than 700 and there is no other exceptions in the file | xxxxxx 16:58 | Waived | 2 | 2 | 2 | 2 | |||
| 4000120109 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain
the Approval/Underwriting Summary. 1008/Approval not located in file |
1008 - xxxxxx |
Approval/Underwriting
Summary provided. Condition resolved. - xxxxxx 1008 - xxxxxx |
xxxxxx 14:40 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000120109 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. |
FRAUD REPORT - xxxxxx |
Third party fraud report is
provided. Condition resolved. - xxxxxx FRAUD REPORT - xxxxxx |
xxxxxx 14:43 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000120109 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 22:57 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000120109 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 22:57 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000120258 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | Missing Warranty / Transfer Deed | Warranty / Transfer Deed is
not provided. The transfer deed completedxxxxxx has incorrect vesting showing
xxxxxx, xxxxxx and xxxxxx and does not match the mortgagees and updated sales
contract addendum completedxxxxxxo only show the vested individuals xxxxxx
and xxxxxx. |
attached - xxxxxx |
Correct transfer deed
datedxxxxxxrovided; finding resolved - xxxxxx attached - xxxxxx |
xxxxxx 16:59 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000120258 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | Liabilities - Not Verified | The application lists debts
that were not verified on the credit report and not independently
verified. The xxxxxx shows 300
payments for the seller with purchase date ofxxxxxx evidence the PPA has been
PIF is not provided and not evident on the HUD to confirm it was paid off at
closing. As stated in the sales contract - the solar is owned. Per the
appraisal the solar panels are leased. Missing evidence of updated solar PPA
agreement with buyer and UCC-1 does/does not apply going forward or evidence
the solar PPA is PIF. Per the contract IF YOU SELL YOUR HOME: If the new
homeowner does not agree to assume the Agreement, or if they don't qualify
based on any of the above criteria, you are required to purchase the System.
|
attached - xxxxxx |
Evidence of Service
transfer was provided. Condition
resolved. - xxxxxx attached - xxxxxx |
xxxxxx 22:09 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000120258 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. The loan file is missing
the Third Party Valuation. |
attached - xxxxxx attached - xxxxxx |
CU and LCA provided. Condition resolved. - xxxxxx attached - xxxxxx Condition upheld. Provide LCA from FHLMC. Per guidelines, both are to be ran at the same time - xxxxxx attached - xxxxxx |
xxxxxx 13:05 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000120297 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains the required AVM with xxxxxx AVM Estimate of $xxxxxx
with a High Confidence Score (FSD 0.05) which supports the $xxxxxx value used
per appraisal waiver and meets the lender's requirements equal to or greater
than 80% confidence score. |
xxxxxx 15:34 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000120297 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 15:33 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000120297 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 15:34 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000120332 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 19:11 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000120332 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 19:11 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000120332 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 19:11 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000120347 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 2 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 19:35 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000120347 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 2 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 19:36 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000120354 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 19:52 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000120354 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 19:53 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000120354 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 19:52 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000120393 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Borrower 1 CPA Letter Missing | Borrower 1 CPA letter
missing from the file. Lender to provide the CPA letter to verify ownership
and financial health of the business used for qualifying income. |
BUSINESS NARRATIVE WAS
PROVIDED AND HAS THE CPA INFO. -
xxxxxx |
Business Narrative and CPA
verification provided. Condition
resolved. - xxxxxx Borrower 1 CPA letter provided - xxxxxx BUSINESS NARRATIVE WAS PROVIDED AND HAS THE CPA INFO. - xxxxxx |
xxxxxx 15:06 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000120393 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 15:52 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000120393 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | Approval - Lender Income Calculation Missing | The loan file did not
contain the lender income calculation worksheet as required. Lender to
provide the UW income calculator and rental income/ loss worksheet t for the
investment properties. |
UNDERWRITER
CALCULATION - xxxxxx |
Income calc was
provided. Condition resolved. -
xxxxxx UNDERWRITER CALCULATION - xxxxxx |
xxxxxx 15:10 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000120393 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | Missing Tangible Net Benefit Disclosure | Tangible Net Benefit
Disclosure was not provided. |
Its a Cash out refinance,
this shouldn't be required, -
xxxxxx |
Confirmed TNB not required
- xxxxxx Its a Cash out refinance, this shouldn't be required, - xxxxxx |
xxxxxx 13:49 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000120398 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 17:04 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000120398 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 17:04 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000120398 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 17:05 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000120480 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 19:12 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000120480 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 19:13 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000120480 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 19:13 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000120512 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 6 | xx/xx/xxxx | Credit | Income - LOE Missing | The loan file did not
contain a letter of explanation as required. Credit file must contain
documentation that the EA license is verified and active. A screen shot of
the IRS web site for an IRS Enrolled Agent (EA) is acceptable. |
see attached - xxxxxx |
CPA Verification
provided. Condition resolved. -
xxxxxx see attached - xxxxxx |
xxxxxx 15:31 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000120512 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 6 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 18:28 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000120512 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 6 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 18:27 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000120512 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 4 of 6 | xx/xx/xxxx | Credit | Borrower 1 YTD Profit & Loss Missing | Borrower 1 YTD Profit &
Loss missing. Per the lock confirmation in file, the borrower was approved
using 2 years of P&L's , but only 1 year is in the loan file. Please
provide the additional year of P&L's
or the updated lock agreement.
|
see attached - xxxxxx The lock has been updated - xxxxxx |
Updated lock to show 1 year
P&L was provided. Condition
resolved. - xxxxxx Borrower 1 YTD Profit & Loss Provided - xxxxxx see attached - xxxxxx Condition upheld. Provide update lock. - xxxxxx The lock has been updated - xxxxxx |
xxxxxx 13:52 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000120512 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 5 of 6 | xx/xx/xxxx | Compliance | Missing Doc - Escrow Waiver Missing | Escrow Waiver is missing.
The loan is not escrowed. Please provide the escrow waiver |
see attached - xxxxxx |
Received waiver - xxxxxx see attached - xxxxxx |
xxxxxx 14:45 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000120512 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 6 of 6 | xx/xx/xxxx | Credit | Borrower 1 Gap Credit Report is Missing | Borrower 1 Gap Credit
Report is Missing An alternate conformation that there is no new debt is
required and may include a new credit report, pre-close credit score
soft-pull or gap report. This documentation is missing from the loan file. |
please see attached - xxxxxx |
Gap Report provided.
Condition resolved. - xxxxxx please see attached - xxxxxx |
xxxxxx 15:30 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000120546 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 2 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 19:22 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000120546 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 2 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 19:23 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000120558 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 19:46 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000120558 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 19:46 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000120558 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 19:47 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000120579 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 5 | xx/xx/xxxx | Credit | Borrower 1 Gap Credit Report is Missing | Borrower 1 Gap Credit
Report is Missing |
What is a Gap Credit
Report? We did not every had to provide a Gap credit report. - xxxxxx |
Seller provided mortgage
statements in the original file to show the payments on all properties are up
to date. - xxxxxx Seller provided mortgage statements in the original file to show the payments on all properties are up to date. - xxxxxx What is a Gap Credit Report? We did not every had to provide a Gap credit report. - xxxxxx |
xxxxxx 16:09 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000120579 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 5 | xx/xx/xxxx | Credit | Asset 2 Missing | Asset documentation is
missing from the file. Missing xxxxxx statement for account ending in xxxxxx;
Missing xxxxxx statement for account ending in xxxxxx to verify $xxxxxxEMD.
|
Bank Statement is not
required, the EMD check is from the borrower and the LTV is below 70% so bank
statements are not required. -
xxxxxx |
EMD check provided in the
file. - xxxxxx EMD check provided in the file. - xxxxxx Bank Statement is not required, the EMD check is from the borrower and the LTV is below 70% so bank statements are not required. - xxxxxx |
xxxxxx 16:10 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000120579 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 5 | xx/xx/xxxx | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain
the Approval/Underwriting Summary. |
Approval is attached - xxxxxx |
The seller provided
Approval/Underwriting Summary - xxxxxx Approval/Underwriting Summary is fully present - xxxxxx Approval is attached - xxxxxx |
xxxxxx 14:27 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000120579 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 5 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 23:20 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000120579 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 5 | xx/xx/xxxx | Compliance | Final CD: Prepayment Penalty is missing or inaccurate | Lender to provide updated
Final CD with corrected Maximum Prepayment Penalty Amount consistent with the
Prepayment Penalty Rider. The PPP on
the final CD was calculated based on the Original Principal Balance, but the
Prepayment Penalty Rider indicates 20% of the amount that exceeds the OPB.
|
There is n CD on this loan.
this is a DSCR loan. This is not a primary Resident so there is no CD issue.
I am not sure why this a suspense item.
- xxxxxx |
DSCR file not included in
the scope of the review PPP disclosed on the HUD 1 - xxxxxx DSCR file not included in the scope of the review - xxxxxx Final HUD 1 displayed the max amount of the PP - xxxxxx There is n CD on this loan. this is a DSCR loan. This is not a primary Resident so there is no CD issue. I am not sure why this a suspense item. - xxxxxx |
xxxxxx 16:09 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000120590 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. Entered in error. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 20:09 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000120590 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 20:09 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000120590 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | Escrow Waiver is Partially Provided | Escrow Waiver is partially
provided. Missing escrow waiver. |
Escrows were not waived on
this loan, please see the closing HUD - xxxxxx |
Condition set in
error. Final CD and Lock state escrows
are not waived. - xxxxxx Escrows were not waived on this loan, please see the closing HUD - xxxxxx |
xxxxxx 20:30 | Void | 3 | 3 | 1 | |||
| 4000120646 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Hazard Insurance Policy is Partial | Hazard insurance policy
partially provided. Missing 6 months' rent loss coverage as required by the
lender's DSCR guidelines. $3,106.49x6=$18,638.94 is 6 months PITIA. |
Please see pages 19 &
20 of the attachment. (it's listed as
page P-3 and P-4 on the page numbers). - xxxxxx |
Rent Loss coverage
provided. Condition resolved. -
xxxxxx Hazard Insurance Policy is fully present - xxxxxx Please see pages 19 & 20 of the attachment. (it's listed as page P-3 and P-4 on the page numbers). - xxxxxx |
xxxxxx 19:32 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000120646 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 00:27 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000120646 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 00:26 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000120702 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Compliance | Final CD: Prepayment Penalty is missing or inaccurate | Lender to provide updated
Final CD with corrected Maximum Prepayment Penalty Amount consistent with the
Prepayment Penalty Rider. The PPP on the final CD was calculated based
on the Original Principal Balance, but the Prepayment Penalty Rider indicates
20% of the amount that exceeds the OPB. PPP Rider says max is 3% of the
amount that exceeds 20% of the original principal balance (meaning 80%)
$xxxxxx, Final HUD calculated 3% of the original principal balance $xxxxxx |
This is a DSCR loan, there
is no CD on a DSCR loan. - xxxxxx |
DSCR file not included in
the scope of the review, HUD 1 included PPP - xxxxxx DSCR file not included in the scope of the review - xxxxxx This is a DSCR loan, there is no CD on a DSCR loan. - xxxxxx |
xxxxxx 16:18 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000120702 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 17:16 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000120702 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 17:17 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000120702 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | Missing Power of Attorney | Borrower xxxxxx signed as
an agent for xxxxxx with no power of attorney located in file. |
Please see Power Attorney
attached - xxxxxx |
The seller provided the POA
- xxxxxx Please see Power Attorney attached - xxxxxx |
xxxxxx 14:22 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000120743 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 03:28 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000120743 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 03:28 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000120743 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. The third party valuation
review product is missing from the loan file.
|
CDA value $xxxxxx. Appraisal value $xxxxxx - xxxxxx |
CDA supporting value
provided. Condition resolved. -
xxxxxx CDA value $xxxxxx. Appraisal value $xxxxxx - xxxxxx |
xxxxxx 22:03 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000120779 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Borrower 1 Gap Credit Report is Missing | Borrower 1 Gap Credit
Report is Missing The Credit Report in file is 100 days old. |
No sure what is Gap Credit
report. We never had to provide a Gap Credit Report. - xxxxxx |
Seller provided mortgage
statements in the original file to show the payments on all properties are up
to date. - xxxxxx Seller provided mortgage statements in the original file to show the payments on all properties are up to date. - xxxxxx Borrower 1 Gap Credit Report is not missing. - xxxxxx No sure what is Gap Credit report. We never had to provide a Gap Credit Report. - xxxxxx |
xxxxxx 16:25 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000120779 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 20:02 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000120779 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 20:02 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000120779 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | Final CD: Prepayment Penalty is missing or inaccurate | Lender to provide updated
Final CD with corrected Maximum Prepayment Penalty Amount consistent with the
Prepayment Penalty Rider. The PPP on
the final CD was calculated based on the Original Principal Balance, but the
Prepayment Penalty Rider indicates 20% of the amount that exceeds the OPB.
|
This is a DSCR loan. We do
not have a CD. - xxxxxx |
DSCR file not included in
the scope of the review HIUD 1 disclosed PPP - xxxxxx DSCR file not included in the scope of the review - xxxxxx This is a DSCR loan. We do not have a CD. - xxxxxx |
xxxxxx 16:26 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000120824 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 2 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with a risk score of 1 which meets the lender's
guideline requirement of a third-party review with risk score of 2.5 or less. |
xxxxxx 20:21 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000120824 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 2 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 20:22 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000120830 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Borrower 1 Gap Credit Report is Missing | Borrower 1 Gap Credit
Report is Missing |
No sure what is a Gap
Credit report. We never had to provide a Gap Credit Report. - xxxxxx |
Seller provided mortgage
statements in the original file to show the payments on all properties are up
to date. - xxxxxx Borrower 1 Gap Credit Report is not missing. - xxxxxx No sure what is a Gap Credit report. We never had to provide a Gap Credit Report. - xxxxxx |
xxxxxx 14:20 | Void | 4 | 4 | 1 | |||
| 4000120830 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Borrower 2 Gap Credit Report is Missing | Borrower 2 Gap Credit
Report is Missing |
No sure what is a Gap
Credit report. We never had to provide a Gap Credit Report. - xxxxxx |
Seller provided mortgage
statements in the original file to show the payments on all properties are up
to date. - xxxxxx Borrower 2 Gap Credit Report is not missing. - xxxxxx No sure what is a Gap Credit report. We never had to provide a Gap Credit Report. - xxxxxx |
xxxxxx 14:20 | Void | 4 | 4 | 1 | |||
| 4000120830 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 22:40 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000120830 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 22:40 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000120965 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 21:57 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000120965 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 21:57 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000120965 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 21:58 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000120970 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:25 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000120970 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 18:27 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000120970 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 18:43 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000121015 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 20:36 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000121015 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 20:40 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000121015 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 20:40 | Cleared | 1 | 1 | 1 | 1 | |||
| 4000121022 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 17:08 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000121022 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 17:08 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000121022 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 17:08 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000121103 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 21:08 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000121103 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 21:08 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000121103 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 21:08 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000121149 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. The DTI including the departing residence (including the HELOC)
is 45.38% and qualifies under guides (Max DTI allowed 55%). The lender states an exception approval is provided to allow the omission of the departing residence's PITIH in the ratios. As per guides 20% equity must be evident to omit. Equity of 15.08% is confirmed using the appraisal provided, not the 20% required to OMIT the payment. **Missing the xxxxxx Exception Approval to omit the PITIH of $xxxxxxin the ratios.** |
See attached - xxxxxx |
Exception approved for 15%
equity vs 20% on departing residence with -.125 LPA and with noted. No other
exceptions allowed and subject to final review. - xxxxxx See attached - xxxxxx |
comp factors = 20% down payment, 760 FICO, 6 months reserves on the subject property and 12 months reserves for the departure property and $xxxxxx+ monthly residual income. | xxxxxx 19:39 | Waived | 3 | 2 | 3 | 2 | |
| 4000121149 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 19:48 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000121149 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
xxxxxx 19:49 | Cleared | 1 | 1 | 3 | 2 | |||
| 4000121368 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 16:48 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000121368 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 16:48 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000121368 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. The loan meets all applicable credit
guidelines. |
xxxxxx 16:49 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000121450 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 2 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. |
FRAUD REPORT - xxxxxx |
Fraud Report provided. Condition resolved. - xxxxxx Third party fraud report is provided - xxxxxx FRAUD REPORT - xxxxxx |
xxxxxx 20:44 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000121450 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 2 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 20:44 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000121764 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:09 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000121764 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 18:09 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000121764 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 18:09 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000121801 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 04:23 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000121801 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 04:23 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000121801 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 04:23 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000122076 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
xxxxxx 20:54 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000122076 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
xxxxxx 20:53 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000122076 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Appraisal is Missing | The file is missing the
appraisal. The loan file is missing the Third-Party Valuation. |
CDA value $xxxxxx. Appraisal value $xxxxxx. - xxxxxx |
CDA supporting value was
provided. Condition resolved. -
xxxxxx Appraisal is Present or is Waived - xxxxxx CDA value $xxxxxx. Appraisal value $xxxxxx. - xxxxxx |
xxxxxx 14:14 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000122122 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. Lender to provide the 3rd
party valuation model to support the appraised value of the subject
property. |
CDA provided - xxxxxx |
CDA provided. Condition resolved. - xxxxxx CDA provided - xxxxxx |
xxxxxx 18:27 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000122122 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 22:55 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000122122 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 22:55 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000122122 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Property | Appraisal is Missing | Missing secondary valuation
Loan file is missing the Appraisal Report The file is missing the appraisal.
|
See attached appraisal -
xxxxxx |
Complete Appraisal was
provided. Condition resolved. -
xxxxxx Appraisal is Present or is Waived - xxxxxx See attached appraisal - xxxxxx Appraisal is Present or is Waived - xxxxxx |
xxxxxx 16:37 | Resolved | 1 | 1 | 3 | 1 | ||
| 4000122132 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. |
Fraud report uploaded. Borrowers drivers license in file was
issued on xxxxxx. Borrower is living
rent free from family member. - xxxxxx |
Fraud Report was provided.
Condition resolved. - xxxxxx Third party fraud report is provided - xxxxxx Fraud report uploaded. Borrowers drivers license in file was issued on xxxxxx. Borrower is living rent free from family member. - xxxxxx |
xxxxxx 15:25 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000122132 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 21:01 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000122132 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. The loan file is missing
the Third-Party Valuation. |
CDA value xxxxxx. Appraisal value xxxxxx - xxxxxx |
CDA supporting value was
provided. Condition resolved. -
xxxxxx CDA value xxxxxx. Appraisal value xxxxxx - xxxxxx |
xxxxxx 16:12 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000122326 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. Missing guideline
requirement All loans must have a second appraisal, xxxxxx CDA, xxxxxx or equivalent product or field review evidencing a reasonable appraisal value. |
CDA value $xxxxxx. Appraisal value $xxxxxx - xxxxxx Please see CDA attached - xxxxxx |
CDA supporting valuation
was provided. Condition resolved. -
xxxxxx CDA value $xxxxxx. Appraisal value $xxxxxx - xxxxxx Please see CDA attached - xxxxxx |
xxxxxx 18:40 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000122326 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 00:15 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000122326 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 00:16 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000122432 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Third Party Fraud Report Partially Provided | Third party fraud report
partially provided. Lender to provide the complete cleared fraud report for
all interested parties in the loan transaction. |
Fraud report uploaded -
xxxxxx |
Fraud Report provided. Condition resolved. - xxxxxx Third Party Fraud Report is fully present - xxxxxx Fraud report uploaded - xxxxxx |
xxxxxx 14:22 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000122432 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. Lender to provide the 3rd
party valuation to support the sales price as well as the appraised value of
the subject property. |
CDA value $xxxxxx. Appraisal value $xxxxxx - xxxxxx |
CDA supporting value was
provided. Condition resolved. -
xxxxxx CDA value $xxxxxx. Appraisal value $xxxxxx - xxxxxx |
xxxxxx 14:39 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000122432 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 14:27 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000122672 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 21:06 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000122672 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 21:07 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000122672 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 21:07 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000122766 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. Lender to provide a
secondary valuation. |
CDA value $xxxxxx. Appraisal value $xxxxxx - xxxxxx |
CDA supporting value
provided. Condition resolved. -
xxxxxx CDA value $xxxxxx. Appraisal value $xxxxxx - xxxxxx |
xxxxxx 14:56 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000122766 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 00:07 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000122766 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 00:07 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000123280 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 21:59 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000123280 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 18:40 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000123280 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 18:56 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119518 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 18:04 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119518 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 18:04 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119518 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:04 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117176 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Audited Loan Amount is greater than Guideline Maximum Loan Amount | Audited loan amount is
greater than the guideline Maximum loan amount. Max loan amount is
$xxxxxx Subject loan amount is
$xxxxxx. A formal exception was done
to allow. |
LTV 5% below max and low DTI, 18 months reserves, and 768 FICO | xxxxxx 14:36 | Waived | 2 | 2 | 3 | 2 | |||
| 4000117176 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Credit | Program Parameters - Guidelines Conformity | The subject loan does not
conform to program guidelines. Using 12 month peronsal bank statements for
income in the borrower's name and xxxxxx.
Guidelines require a relationship letter but his is not present in
file. |
Document Uploaded. Please
see letter attached. Thank you. - xxxxxx |
Access Letter
provided. Condition resolved. -
xxxxxx |
xxxxxx 18:54 | Resolved | 3 | 1 | 3 | 2 | ||
| 4000117176 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 16:44 | Cleared | 1 | 1 | 3 | 2 | ||||
| 4000117176 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 20:30 | Cleared | 1 | 1 | 3 | 2 | ||||
| 4000120626 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 15:13 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000120626 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 19:52 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000120626 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 19:52 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000115390 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 22:55 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115390 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 22:55 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000115390 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 22:55 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118438 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 11:45 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118438 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 11:46 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118438 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 11:46 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118866 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 16:40 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118866 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 16:40 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000118866 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 16:41 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000117276 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. File does not contain proof of PITIA for 26 xxxxxx |
Document Uploaded. Client
provided a correct 1003. Property
addressed was a previous residence address, but not a current REO. Documentation provided is acceptable. - xxxxxx |
xxxxxx 16:50 | Resolved | 3 | 1 | 3 | 1 | |||
| 4000117276 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 13:49 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000117276 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 13:49 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000120148 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | No Property Findings | Loan meets applicable
appraisal guidelines. |
xxxxxx 17:04 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000120148 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 17:05 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000120148 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 21:58 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000123283 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 21:24 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000123283 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 21:24 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000123283 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 21:25 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119725 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 04:32 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119725 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 04:32 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000119725 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 04:33 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000123770 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 3 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 21:32 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000123770 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 3 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 21:33 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000123770 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 3 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 15:07 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000121026 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 4 | xx/xx/xxxx | Credit | Housing History Does Not Meet Guideline Requirements | Housing history does not
meet guideline requirements. Missing ‘No Primary Housing Expense’ letter or
free and clear documentation for primary residence. |
Document Uploaded. Please
see attached letter. Thank you. - xxxxxx |
Rent Free Letter provided.
Condition resolved. - xxxxxx Housing history meets guideline requirements. - xxxxxx |
xxxxxx 19:45 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000121026 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 4 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 05:10 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000121026 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 4 | xx/xx/xxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 05:11 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000121026 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 4 | xx/xx/xxxx | Credit | Borrower 1 Gap Credit Report is Missing | Borrower 1 Gap Credit
Report is Missing |
DSCR loans do not require a
gap report. Thank you. - xxxxxx |
Borrower 1 Gap Credit
Report is not missing. - xxxxxx Borrower 1 Gap Credit Report is not missing. - xxxxxx DSCR loans do not require a gap report. Condition resolved. - xxxxxx |
xxxxxx 18:07 | Void | 4 | 4 | 1 | |||
| 4000123282 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 1 of 6 | xx/xx/xxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 23:13 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000123282 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 2 of 6 | xx/xx/xxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 23:14 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000123282 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 3 of 6 | xx/xx/xxxx | Compliance | Loan Origination Company NMLS Status is Unknown | Loan Origination Company
NMLS status is unknown. Company cannot be located in NMLS to confirm status.
No license number listed on 1003 or Note. |
N/A; Investment loan -
xxxxxx |
xxxxxx 21:20 | Void | 3 | 3 | 1 | ||||
| 4000123282 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 4 of 6 | xx/xx/xxxx | Compliance | Missing Attorney Preference Letter | Right To Choose Attorney or
Attorney Preference not in file. What Mortgage Applicants Need to Know
pamphlet is missing from file which includes Right to Choose Attorney. |
Not applicable to business
purpose loans. - xxxxxx |
xxxxxx 21:29 | Void | 3 | 3 | 1 | ||||
| 4000123282 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 5 of 6 | xx/xx/xxxx | Compliance | Missing Doc - Homeownership Counseling Disclosure/Missing | Homeownership Counseling
Disclosure is missing. |
N/A; Investment loan. -
xxxxxx |
xxxxxx 21:20 | Void | 3 | 3 | 1 | ||||
| 4000123282 | xxxxx | xxxxx | xx/xx/xxxx | xxxxx | xxxxx | XXXXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | XXXXXX | 6 of 6 | xx/xx/xxxx | Compliance | Intent to Proceed is Missing or Incomplete | N/A, Investment loan -
xxxxxx |
xxxxxx 21:20 | Void | 3 | 3 | 1 |