Exhibit 99.06

Schedule 2. Digital Risk Findings Exception Report

Loan Number

Loan ID

Finding #

Last Name

Note Date

DD Start Date

DD Delivery Date

Audit Category

Audit Issue

Finding ID

Exception Finding

Remediation Status

Exception Rebuttal

Exception Response

Status Comment

Compensating Factors

SOL Expiration Date

Initial Findings Grade

Final Findings Grade

Initial Loan Grade

Final Loan Grade

XXXX

2140095

1 of 5

XXXX

Compliance

TRID - CD/Payee Not Listed

XXXX

The loan contains the following fee or fees where 'compensation to' does not reflect a XXXX on the revised CD: Signing Agent Fee and LLC Fee.

Acknowledged

XXXX

2140095

2 of 5

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please provide overlays as guidelines reviewed do not show this information and based in our processor&#XXXX;s review HOI fulfills all conditions required according to guidelines.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
XXXX confirming all perils are covered.

Response 1 (XX/XX/XXXX XX:XXAM)
Evidence of All Perils coverage is an Investor requirement. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2140095

3 of 5

XXXX

Credit

Mortgage History - Missing/Incomplete

XXXX

The mortgage history in the loan file was incomplete or missing. Guidelines require a XXXX month housing history. The credit report reflects a XXXX month mortgage history as the primary residence was recently purchased. The borrower rented previously for XXXX years per the XXXX. The file is missing the rental history in order to verify a full XXXX months.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Borrower&#XXXX;s partner confirmed borrower was living rent free. LOE and updated XXXX attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2140095

4 of 5

XXXX

Credit

Program Parameters - LTV

XXXX

The LTV does not meet the program eligibility guidelines. The matrix allows an LTV of XXXX% for the purchase of an investment property with a FICO over XXXX. The loan was approved with an LTV of XXXX% which exceeds maximum allowed of XXXX%.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX was locked with an XXXX% LTV. This was not a problem at the time of locking the loan.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Per XXXX Matrix, XXXX% LTV is allowed.

Response 1 (XX/XX/XXXX XX:XXAM)
Guidelines utilized allow a maximum LV of XXXX%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXAM)
Investor reviewed and elects to waive. Noted compensating factors: XXXX qualifying credit score, DTI of XXXX%, Self-employed XXXX years

XXXX. XXXX% LTV. XXXX months of reserves.

XXXX

2140095

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2142213

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2142213

2 of 3

XXXX

Credit

Income - Miscalculated/DTI Exceeds Tolerance

XXXX

The income is miscalculated for the borrowers, the recalculated DTI is not within allowable tolerances or DTI MAX. The bank statement income used at origination utilizes a XXXX% expense factor. The loan file does not contain documentation supporting this expense factor (i.e. CPA letter) and XXXX% would be unreasonable for the type of business (auto sales) investor guidelines indicate an standard expense factor of XXXX% would be used. The social security income at origination was grossed up XXXX% on XXXX% of the income as opposed to the XXXX% on XXXX% when the loan file does not include documentation supporting the source of fund being non-taxable. These XXXX miscalculations increased the origination DTI of XXXX% to XXXX%.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached personal bank statements and Personal Bank Statement calculator for additional income for the borrower. I have also corrected the business bank statement calculator and uploaded it for your review. The XXXX/XXXX have been updated with the adjusted income and are also uploaded.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
it appears the income from the personal tax returns were not used in the total income calculation (Please see our previously uploaded XXXX/XXXX and income calculators for both business bank statement and personal bank statement. Total income is as follows: Business bank statements - XXXX months income $XXXX + personal bank statements- XXXX months income $XXXX + Social Security income $XXXX + Rental income XXXX = Total $XXXX qualifying income. It appears per your calculations that you are only using the business bank statements with income of $XXXX.

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
We have updated our income calculator for the business bank statement to reflect the XXXX% expense ratio and previously uploaded. We are asking to also include income from the personal bank statements. I will re-upload them since it appears you don’t have all XXXX months. With the addition of the personal bank statement income, the ratios drop to XXXX%. Our personal bank statement income Calculator was previously uploaded. Please see trailing documents for this.

Response 1 (XX/XX/XXXX XX:XXAM)
Statements provided were already in file and used. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The difference is that XXXX% expense ratio was used. Personal was not used because only the most recent XXXX statements were provided.SS and Rental were used. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2142213

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score XXXX.

Cleared

XXXX

2151886

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2151886

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2151886

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2151876

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2151876

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

The subject transaction was a cash out refinance with a Note date of XX/XX/XXXX. File documentation reflected the borrower's purchased the subject property XX/XX/XXXX which was XXXX months and XXXX days prior to the subject's note date. The investor guidelines required a minimum XXXX months seasoning for cash out refinances. Subject did not meet the minimum required seasoning guidelines.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached exception approval.

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX. XXXX% LTV.

XXXX

2151876

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU dated XX/XX/XXXX with a score of XXXX was provided and supported the appraised value.

Cleared

XXXX

2151880

1 of 3

XXXX

Compliance

TRID - CD - Closing Information/Disbursement Date

XXXX

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in XXXX (Regulation Z) 12 CFR 1026.38(a)(3)(iii)

Acknowledged

XXXX

2151880

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2151880

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2151879

1 of 3

XXXX

Compliance

TRID - CD - Closing Information/Disbursement Date

XXXX

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in XXXX (Regulation Z) 12 CFR 1026.38(a)(3)(iii)

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Final Settlement uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is not sufficient to clear the finding. The Final Settlement Statement has been provided disclosing the disbursement date for the loan as XX/XX/XXXX. The XXXX discloses the funding date as XX/XX/XXXX. Please provide an LOE and PCCD updating the funding date for review (Acknowledged)

XXXX

2151879

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2151879

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2144935

1 of 4

XXXX

Compliance

TRID - Zero Tolerance Violation (No COC - Date Undeterminable)

XXXX

The loan failed the charges that cannot increase test. Although the addition/increase may be valid, because a COC was not provided, auditor is unable to determine if the revised Loan Estimate on XX/XX/XXXX was disclosed within XXXX business days of the change. Therefore, the increase to the following fees was not accepted: Transfer Taxes. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
The transfer taxes were paid by the seller at closing. does a cure still need to be completed?

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Please see the attached PCCD, check and fedex label for the $XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The borrower paid XXXX were disclosed on the Initial LE issued on XX/XX/XXXX in the amount of $XXXX, XXXX. They borrower pd. fee increased to $XXXX, XXXX without a valid COC on the LE issued on XX/XX/XXXX and remained at $XXXX;XXXX as borrower pd. portion on the Final CD issued on XX/XX/XXXX. A cost to cure in the amount of $XXXX remains. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2144935

2 of 4

XXXX

Credit

Assets - Other

XXXX

The final closing disclosure indicates a credit to the borrower of $XXXX indicated as a bridge loan with a payment considered on the REO schedule. The loan file does not contain documentation supporting the bridge loan amount/terms. Unable to verify if the required XXXX% equity in exit home is available for exclusion of the PITI from the DTI.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Final CD for Bridge loan

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2144935

3 of 4

XXXX

Credit

Debts - Not Verified

XXXX

The loan file does not contain documentation supporting the taxes and insurance are included in the XXXX mortgage. While the payment was excluded, investor guidelines require XXXX months reserves for the property to allow for exclusion. Unable to verify accurate reserves.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
The Bridge is coming the cash to close and the statement from Ally is covering the reserves, the borrower is putting the home with the Shellpoint on the market

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2144935

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score XXXX.

Cleared

XXXX

2142217

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2142217

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2142217

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score XXXX.

Cleared

XXXX

2142214

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2142214

2 of 5

XXXX

Credit

Debts - Not Verified

XXXX

The application lists significant debts that were not verified on the credit report and not independently verified. The final XXXX includes a solar panel instalment loan but the loan file does not contain documentation supporting the balance or monthly payment used to qualify.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
solar lease agreement

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2142214

3 of 5

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
HOI

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
hoi booklet

Response 1 (XX/XX/XXXX XX:XXAM)
All perils not reflected. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2142214

4 of 5

XXXX

Credit

Program Parameters - Other

XXXX

The loan file is missing a cash out explanation letter addressing the loans proceeds as required per investor guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
cash out loe

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2142214

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2151878

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2151878

2 of 4

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Dec page with perils

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is complete. (Resolved)

XXXX

2151878

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The appraisal provided with the loan file indicates the subject property is rural. Investor guidelines list properties designated as rural by the appraiser as unacceptable property types.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Exception approval from XXXX for a rural property

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. $XXXX per month residual income. XXXX months of reserves.

XXXX

2151878

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score XXXX.

Cleared

XXXX

2151875

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2151875

2 of 3

XXXX

Credit

Program Parameters - LTV

XXXX

The subject property LTV is XXXX%. The matrix dated XX/XX/XXXX and listed as applicable to this loan indicates an LTV of up to XXXX% is acceptable for a cash-out refinance on a primary residence with a FICO greater than XXXX however the full guidelines dated XX/XX/XXXX indicate a maximum LTV of XXXX%.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Rebuttal uploaded for LTV

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2151875

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2142216

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2142216

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2142216

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX.

Cleared

XXXX

2144937

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144937

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144937

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2144938

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144938

2 of 5

XXXX

Credit

Credit Report - Other

XXXX

The loan file is missing a soft pull dated within XXXX calendar days of funding or undisclosed monitoring through the funding date as required per investor guidelines. The disclosures indicate a soft consent was signed but documentation supporting active monitoring or the soft pull report was not provided in the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
debt monitoring

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144938

3 of 5

XXXX

Credit

Debts - Not Verified

XXXX

The loan file does not contain documentation supporting the three mortgages on the rental properties payments include taxes and insurance or any applicable HOAs.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
statements with impounds uploaded

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144938

4 of 5

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Dec page

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144938

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a second appraisal that supports the amount used to qualify.

Cleared

XXXX

2144936

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144936

2 of 3

XXXX

Credit

Borrower - Identification

XXXX

The primary borrower is a permanent resident alien and provided a copy of this permanent resident alien card. The permanent resident alien card reflected an expiration date of XX/XX/XXXX. The file did not contain additional updated information on the borrower's identity to support his current status in the US.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please see legal status

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144936

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2151883

1 of 4

XXXX

Compliance

TRID - Zero Tolerance Violation (No COC - Date Undeterminable)

XXXX

The loan failed the charges that cannot increase test. Although the addition/increase may be valid, because a COC was not provided, auditor is unable to determine if the revised Loan Estimate issued on XX/XX/XXXX was disclosed within XXXX business days of the change. Therefore, the increase/addition to the following fee was not accepted: Appraisal Fee $XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Please use the XX/XX/XXXX as the baseline due to lower loan amount with the revise appraisal fee.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
PCCD with check, CD and label

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to cure the finding. The COC issued on XX/XX/XXXX states there was a decrease in loan amount. The Appraisal Fee is not a decrease in loan amount dependent fee. A cost to cure in the amount of $XXXX remains. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2151883

2 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The subject loan does not meet Program Parameters for the bank statement program. Per the lender's guidelines the applicants combined must own XXXX% or more of the business to utilize business bank statements. A review of the operating agreement for XXXX reflects that XXXX% of the business is owned by XXXX. An unredacted operating agreement for XXXX is needed to determine ownership of this business.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
please see articles of organization reflecting the borrower as the owner

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2151883

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The subject loan does not meet Program Parameters. The title reflects a XXXX loan with XXXX #XXXX. The payoff reflects a total amount due of $XXXX. However, the CD reflects only $XXXX was paid.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
please clarify the condition. The XXXX loan was associated with the borrower&#XXXX;s business and was a non personal liability not reflecting on the credit report and was not required to be paid off to qualify.

Response 1 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Resolved)

XXXX

2151883

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2151877

1 of 3

XXXX

Compliance

ROR - Missing

XXXX

There is no evidence in the file that the Right to Cancel Notice was provided to the borrower and/or all consumers with a right to rescind. Truth in XXXX (Regulation Z) 12 CFR 1026.23(b), (a)(1). Additionally, rescission needs to be re-opened.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please see attached executed Right to Cancel

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2151877

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2151877

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX.

Cleared

XXXX

2151882

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2151882

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2151882

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2151881

1 of 4

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please see attached XXXX/XXXX ICD. the CD referenced in the condition is the closing CD

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
please see attached XXXX/XXXX ICD. the CD referenced in the condition is the closing CD

Response 1 (XX/XX/XXXX XX:XXPM)
Documents not received. Please resubmit. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2151881

2 of 4

XXXX

Compliance

TRID - Zero Tolerance Violation (Disclosure Timing Fail)

XXXX

The loan failed the charges that cannot increase test. Because the loan failed the initial CD delivery date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following additions/increases: Appraisal Fee $XXXX. A cost to cure in the amount of $XXXX is required. The violation may be cured if documentation is provided showing the disclosure was delivered timely. Because the change occurred on XX/XX/XXXX and consumer was not provided the disclosure within XXXX days of the change, the increase to the following fee was not accepted as valid: XXXX. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please see attached XXXX/XXXX LE and COC for increased appraisal fee

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
please see attached XXXX/XXXX LE and COC for increased appraisal fee

Response 1 (XX/XX/XXXX XX:XXPM)
Documents not received. Please resubmit. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2151881

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2151881

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX

Cleared

XXXX

2142218

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2142218

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2142218

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score XXXX.

Cleared

XXXX

2151885

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2151885

2 of 3

XXXX

Credit

Income - Other/Missing

XXXX

The loan file is missing verification documentation from a CPA including ownership percentage for the business income used to qualify as required per investor guidelines.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Borrowers business bank statements were used and per Section 5.2, the guidelines allowed for the use of the state filings, which was provided in the loan file pg XXXX. Corp documents also provided to support ownership. Guidelines also stated that "a CPA letter is not required to validate self-employment"

Response 1 (XX/XX/XXXX XX:XXPM)
Agree. Only other member is joint on the mortgage. (Void)

XXXX

2151885

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2151884

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2151884

2 of 4

XXXX

Credit

Contract Addendum - Missing

XXXX

The loan file is missing an addendum establishing the $XXXX seller credit towards closing cost as indicated on the final closing disclosure.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached addendum with seller credit

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2151884

3 of 4

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
see insurer website for the list of perils associated with HOI policies and met the guidelines.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2151884

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score XXXX.

Cleared

XXXX

2135912

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2135912

2 of 3

XXXX

Credit

Program Parameters - LTV

XXXX

The maximum LTV for a XXXX-XXXX unit (requires XXXX% reduction) XXXX property is XXXX%; however, the subject XXXX unit property closed with an XXXX% LTV, exceeding guidelines.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXAM)
Investor reviewed and elects to waive. Noted Compensating factors: XXXX qualifying credit score, DSCR of XXXX, 0x30 mortgage history for XXXX months reviewed

XXXX. XXXX DSCR. XXXX months of reserves.

XXXX

2135912

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contains a CDA, dated XX/XX/XXXX, that supports the value.

Cleared

XXXX

2129518

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2129518

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2129518

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2158670

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2158670

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per Lender's guides, the max LTV is XXXX% for a cash out refinance of a DSCR loan where the property is XXXX units. The Lender's guides also require a XXXX% reduction in LTV for XXXX-XXXX unit properties. Therefore, the qualifying LTV is required to be XXXX%. The subject is a XXXX unit investment property; however, the qualifying LTV is XXXX%, which exceeds the max LTV for XXXX-XXXX units is XXXX%.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXAM)
Client reviewed and elects to waive. Noted compensating factors: XXXX qualifying credit score, Experienced Investor, Calculated DSCR of XXXX

XXXX. XXXX DSCR. Experienced Investor.

XXXX

2158670

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2137036

1 of 3

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

This loan failed the prepayment test. The loan has a prepayment term that does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX months prepayment term, the loan has a XXXX month prepayment term. The loan fails the prepayment test by XXXX months. Borrower is an LLC.

Acknowledged

XXXX

2137036

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137036

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2137037

1 of 3

XXXX

Compliance

HUD1 - Not Final

XXXX

It could not be determined that the Settlement statement provided in the loan file was the FINAL binding Settlement statement, as it was not signed, stamped or certified. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX

Acknowledged

XXXX

2137037

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137037

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2158671

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2158671

2 of 4

XXXX

Credit

Income - Missing or Incomplete Lease Agreement

XXXX

Missing Lease agreement or not complete per guidelines. The photos of the subject provided by the appraiser reflect furniture and personal belongings within the property. Further, an interior BPO also reflects photos of furniture and personal belongings within the property and is deemed occupied. Guidelines require a copy of the lease on all occupied properties; however, the loan file did not contain a copy of the lease nor an explanation for the personal effects in the photos.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
LOE

Response 1 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Resolved)

XXXX

2158671

3 of 4

XXXX

Credit

Program Parameters - Property Type

XXXX

The subject loan does not meet Program Parameters for Property Type. Guidelines prohibit properties which exceed XXXX acres on DSCR transactions. The subject property consists of XXXX acres per the appraisal and is therefore an ineligible property.

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXAM)
Investor reviewed and elects to waive. Noted Compensating factors: #XXXX69 in verified reserves, experienced investor

XXXX. XXXX% LTV. Experienced Investor.

XXXX

2158671

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153390

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153390

2 of 3

XXXX

Credit

Program Parameters - LTV

XXXX

The LTV does not meet the program eligibility guidelines. The maximum allowed LTV for a cash-out refinance with a loan amount of $XXXX and a qualifying FICO of XXXX is XXXX%. The subject closed with an LTV of XXXX% which exceeds the maximum allowed.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Reviewed to the XXXX NonQM and DSCR Matrices dated XXXX.XXXX.

Response 1 (XX/XX/XXXX XX:XXPM)
Explanation received is sufficient. (Resolved)

XXXX

2153390

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153389

1 of 3

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2153389

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153389

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2158672

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2158672

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158672

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153188

1 of 5

XXXX

Compliance

HUD1 - Missing (All)

XXXX

There is no evidence of a HUD-XXXX Settlement Statement provided in the loan file. As a result the following reviews could not be performed: TILA Accuracy, MDIA, XXXX, XXXX, QM XXXX, XXXX, XXXX, RESPA XXXX review, and final HUD-XXXX accuracy. Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.8(a)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please see attached.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153188

2 of 5

XXXX

Credit

Credit Report - Other

XXXX

There are additional credit findings. The credit report for XXXX reflects the Experian report is locked (XXXX) at consumers request. Guidelines require that a new XXXX bureau merged report be obtained. Additional conditions may apply.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
- We do NOT need to conduct another Credit report. See below guideline:

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
If there is a security freeze on all XXXX bureaus and we cannot get scores, then they would have to be unfrozen and re-pulled. As we got XXXX out of the XXXX scores, the lower of the XXXX scores was used. We are not re-pulling the borrower&#XXXX;s credit as we only require XXXX of the XXXX scores.

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
see investor approval.

Response 1 (XX/XX/XXXX XX:XXAM)
Page XXXX section 5.2.3 reflects the credit report used may not reflect a security freeze and must be resolved prior to decision. When bureau is unfrozen, a new XXXX bureau merged report must be provided. It is true that XXXX bureaus could be used only if there are only XXXX scores available, which is not the case. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The guide does not allow bureau security freezes. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. Experienced Investor. XXXX DSCR.

XXXX

2153188

3 of 5

XXXX

Credit

DSCR - Missing Entity Documentation

XXXX

Missing required business documentation per guidelines. The borrowing entity XXXX, is a layered entity consisting of XXXX as the sole member. The members of XXXX are XXXX% XXXX, XXXX% XXXX and XXXX% XXXX. XXXX is the sole member of XXXX. The good standing for XXXX and XXXX were missing from the loan file.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached COGS for XXXX. XXXX is XXXX, and does not provide COGS.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
both entities are reflecting as Active. They are not our borrowing entity and if they haven&#XXXX;t needed to file an annual report.

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
please see attached.

Rebuttal 4 (XX/XX/XXXX XX:XXPM)
please see investor approval.

Response 1 (XX/XX/XXXX XX:XXAM)
Some type of active business confirmation is required for XXXX. XXXX fund is not in good standing. The annual report is past due since XX/XX/XXXX. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Layered entities require good standing. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Still missing some type of active business confirmation for XXXX. (XXXX)

Response 4 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. Experienced Investor. XXXX DSCR.

XXXX

2153188

4 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. Guidelines require XXXX month rent receipt for occupied properties. The loan file did not contain any evidence of rent receipt for any of the subject units.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Market rent for XXXX was $XXXX compared to lease amount of $XXXX. Actual lease amount was lower than market rent, therefore, did not need to request lease. Market rent for XXXX was $XXXX which was the same as the lease amount. Verification not needed.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Refer to section 2.7.1 stating that if the lease agreement is higher than market rent by no more than XXXX%, it can be used with XXXX months of lease verification. If market rent is the same or higher, we defer to the lease amount, which if lower or the same, is safer

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
please see investor approval.

Response 1 (XX/XX/XXXX XX:XXAM)
Page XXXX page XXXX of the guide indicates XXXX month rent is required unless the property is vacant. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Leases must be supported by a XXXX month of rent receipt for each. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. Experienced Investor. XXXX DSCR.

XXXX

2153188

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDAs, dated XX/XX/XXXX which supports the appraised values.

Cleared

XXXX

2153190

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153190

2 of 5

XXXX

Credit

Appraisal - Other

XXXX

Subject is an XXXX unit property and requires client approval as XXXX.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
lender approval attached.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
This is the investor portal.

Response 1 (XX/XX/XXXX XX:XXAM)
Exception must also be approved by Investor. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. XXXX XXXX. XXXX% LTV.

XXXX

2153190

3 of 5

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

The credit report provided which was dated XX/XX/XXXX reflected that credit was frozen on all XXXX bureaus. Investor guidelines required that security freezes must be resolved prior to underwriting decision. A new XXXX-bureau report must be obtained to reflect current and updated information from all repoitories.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please see attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153190

4 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The subject loan closed in the name of XXXX XXXX. The investor guidelines require loans vested in an entity that a minimum of XXXX% of the Entity ownership must be represented as borrower's on the loan. The borrower/guarantor, XXXX, on the loan had XXXX% ownership in the LLC. Additional member with ownership of XXXX% or more was not represented. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX has XXXX% interest through Class A interest and another XXXX% interest in class B interest totaling the required XXXX% entity interest.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Please see page XXXX.

Response 1 (XX/XX/XXXX XX:XXAM)
Combined XXXX% ownership referenced in rebuttal was not provided. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153190

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2155476

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155476

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155476

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2142227

1 of 4

XXXX

Compliance

Security Instrument - Signature Discrepancy

XXXX

The vested Interest on the Security Instrument is inconsistent with Title. The Entity listed on the Security Instrument is not the same Entity reflected as current vested on XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
deed attached.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2142227

2 of 4

XXXX

Credit

Condo - Documentation

XXXX

Loan file did not contain required condo documentation. The Master HOI is not in the loan file as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please see attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2142227

3 of 4

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The loan file was missing current hazard insurance policy on the subject property.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please see attached.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
there is no individual policy for the units this policy covers all units.

Response 1 (XX/XX/XXXX XX:XXPM)
Please provide the individual wall-in policy for the subject property. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Unable to clear. This is a condo. Confirmation of Walls-In coverage is required. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2142227

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2142223

1 of 4

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The Vested Interest on the Security Instrument cannot be verified as accurate. The current vesting reflects a different Entity and an executed Deed showing the transfer was not found in the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
transfer deed attached.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2142223

2 of 4

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

A blanket insurance policy was provided that covered multiple properties. A hazard insurance policy on the subject property/unit number with specific coverage amounts and premium for the subject property only was not provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
- borrower owns the entire building. Coverage applies to the entire building

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
please refer to file XXXX.

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
there is no separate walls-in coverage. The blanket policy confirms walls-in is included.

Response 1 (XX/XX/XXXX XX:XXAM)
Please provide documentation from the insurance company that isolates the subject premium. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Unable to use other loan files to cure conditions. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Unable to clear. This is a condo. Confirmation of Walls-In coverage is required. (XXXX)

Response 4 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2142223

3 of 4

XXXX

Credit

Property - Currently Listed for Sale

XXXX

The property is currently listed for sale on XX/XX/XXXX for $XXXX. Documentation to support listing has been canceled/withdrawn was not provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
listing was removed. Currently listed for rent.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
please refer to file XXXX.

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
no unit is currently listed for sale. The listing has been removed. please see link below. XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
Please provide documented evidence that the listing was removed. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Unable to use other loan files to cure conditions. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2142223

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2142222

1 of 4

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: Page XXXX and XXXX are missing from security instrument.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please see attached.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2142222

2 of 4

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
- borrower owns the entire building. Coverage applies to the entire building.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
- Blanket policy is acceptable as the borrower owns all units in the buildings. This is the same policy used for loans that were cleared in DD as well.

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
there is no separate walls-in coverage. The blanket policy confirms walls-in is included on all units.

Response 1 (XX/XX/XXXX XX:XXAM)
Please provide documentation from the insurance company that isolates the subject premium. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Please provide the individual walls-in policy. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Unable to clear. This is a condo. Confirmation of Walls-In coverage is required. (XXXX)

Response 4 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2142222

3 of 4

XXXX

Credit

Property - Currently Listed for Sale

XXXX

The property is currently listed for sale on XX/XX/XXXX for $XXXX. Documentation to support listing has been canceled/withdrawn was not provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
listing was removed. Currently listed for rent

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
please refer to file XXXX this has already been cleared.

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
no unit is listed for sale currently. The listing has been removed please see link below. -XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
Please provide documentation that the listing was removed. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Unable to use documentation from other loan files to cure findings. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2142222

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2153189

1 of 3

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The Entity name on the Security Instrument is inconsistent with the title. The Title reflects current vested interest is XXXX; however, the mortgage lists XXXX d/b/a/ XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Borrower has to use a fictitious name in XXXX as XXXX was already taken. Therefore, the fictitious name is XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153189

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153189

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2153192

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153192

2 of 4

XXXX

Credit

Appraisal - Other

XXXX

Subject is a XXXX unit property and requires client approval as XXXX.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Please see attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. XXXX% LTV. XXXX months of reserves.

XXXX

2153192

3 of 4

XXXX

Credit

Assets - Large Deposits/Unacceptable

XXXX

XXXX business account # XXXX, printout of transaction dates from XX/XX/XXXX - XX/XX/XXXX was provided. XXXX large undocumented deposits in the amount of $XXXX and $XXXX, both dated XX/XX/XXXX were reflected. Documentation in the file reflected these deposits were from cash out refinances of properties located at XXXX, XXXX, XXXX and XXXX, XXXX, XXXX. Page one of the Settlement Statements were provided; however, both were missing page XXXX with the final cash out amounts. Please provide all pages of the settlement statements.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
please see attached, signature and final cash out amounts.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153192

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A XXXX dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2156446

1 of 3

XXXX

Compliance

Appraisal Notice - Missing

XXXX

There is no evidence the Borrower received The Notice of Right to Receive Copy of Appraisal within XXXX business days from application. Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX Truth In Lending Act (Regulation Z) [HPML] 12 CFR 1026.35(a),(c). Informational only

Acknowledged

XXXX

2156446

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2156446

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2156445

1 of 4

XXXX

Compliance

Appraisal Notice - Late

XXXX

The Notice of Right to Receive Copy of Appraisal, issued on XX/XX/XXXX was not disclosed within XXXX days of the application date, XX/XX/XXXX. Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX Truth In Lending Act (Regulation Z) [HPML] 12 CFR 1026.35(a),(c) Informational Only

Acknowledged

XXXX

2156445

2 of 4

XXXX

Compliance

HUD1 - Missing (All)

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
please see attached HUD.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156445

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The subject loan was a cash out refinance. The XXXX report indicted the subject was purchased XX/XX/XXXX for $XXXX with a mortgage taken out on the same date for $XXXX. The subject Note date was XX/XX/XXXX. For a cash out refinance the investor guidelines required ownership seasoning of a minimum XXXX months. The subject transaction did not meet the seasoning requirements.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See attached original purchase was an REO sale from a bank. Original loan was a flip loan with a rehab holdback. See attached budget that constitutes value add rehab going into the property. Therefore, seasoning is not required.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2156445

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2155477

1 of 3

XXXX

Compliance

Appraisal Notice - Missing

XXXX

Acknowledged

XXXX

2155477

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155477

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2156448

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2156448

2 of 3

XXXX

Credit

DSCR - Missing Entity Documentation

XXXX

The subject closed in the name of XXXX. The investor guidelines required a Certificate of Good Standing dated within XXXX days of the Note date for the LLC. Required document was not provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
please see attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2156448

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2153191

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153191

2 of 4

XXXX

Credit

Appraisal - Other

XXXX

The appraisal provided in the loan file was missing the appraiser's name, license #, signature, appraisal company name, address and phone number and date report was signed. An updated copy of the appraisal with all pertinent information is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Screenshot provided referencing account xXXXX with a current balance of $XXXX. Attached refinance HUD reflected cash to borrower of $XXXX on a refinance done XX/XX/XXXX as VOD. We had XXXX previous statements for account xXXXX. This should be clear.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153191

3 of 4

XXXX

Credit

Assets - Bank Statements

XXXX

The subject transaction required closing funds in the amount of $XXXX plus reserves in the amount of $XXXX for total funds of $XXXX. A XXXX business checking account #XXXX with a statement ending date of XX/XX/XXXX with an ending balance of $XXXX was provided. Additionally, a one page print out was provided and indicated the current balance in # XXXX was $XXXX. This balance statement did not reflect the date of the balance printout or a list of transactions to support the large increase from the ending balance on XX/XX/XXXX to the balance printout date was not provided. The investor guidelines required transactions including large deposits or account balances that are considerably greater than the average balance over the previous months to be investigated /reviewed and a source of funds to be verified. Required documentation was not provided. Additional conditions may apply.

Resolved

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153191

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2155478

1 of 3

XXXX

Compliance

Appraisal Notice - Missing

XXXX

Acknowledged

XXXX

2155478

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155478

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2156447

1 of 4

XXXX

Compliance

Appraisal Notice - Late

XXXX

Acknowledged

XXXX

2156447

2 of 4

XXXX

Compliance

Security Instrument - Missing

XXXX

The Security Instrument (Mortgage/Deed of Trust) is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please see attached.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156447

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2156447

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2155479

1 of 3

XXXX

Compliance

Appraisal Notice - Late

XXXX

Acknowledged

XXXX

2155479

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155479

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2147734

1 of 4

XXXX

Compliance

HUD1 - Not Final

XXXX

It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX

Acknowledged

XXXX

2147734

2 of 4

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The Vested Interest on the Security Instrument cannot be verified as accurate due to Title Commitment missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Title commitment and QCD for the properties transferred at closing attached.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2147734

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2147734

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDAs, dated XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX and XX/XX/XXXX which support the appraised values.

Cleared

XXXX

2158138

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2158138

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158138

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2142198

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2142198

2 of 3

XXXX

Credit

Borrower - Identification

XXXX

The loan file is missing the required photo identification for XXXX as required by guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Front and back of the borrower&#XXXX;s driver license attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2142198

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144150

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144150

2 of 3

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The hazard insurance policy provided indicates $XXXX in liability coverage. Investor guidelines require borrowers to have general liability of at least per occurrence minimum coverage $XXXX and aggregate coverage of $XXXX. Documentation of sufficient coverage is not provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Confirmation of $XXXXm aggregate coverage for liability insurance from the insurance agent.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144150

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2139877

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The loan is a XXXX year fixed close-end product. The Open-end form was utilized for the Security Instrument when a Close-end form should have been used; however, the Security Instrument covers the correct debt and terms.

Acknowledged

XXXX

2139877

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2139877

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2139878

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2139878

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2139878

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2158139

1 of 6

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The new mortgage is in the name of Entity: XXXX, LLC, but current title shows it's in the name of Entity: XXXX. A transfer deed from the XXXX to XXXX is required to confirm accurate parties to the new mortgage.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Transfer deed attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158139

2 of 6

XXXX

Credit

Credit Report - Other

XXXX

The guidelines indicate all fraud alerts must be cleared and/or addressed by borrower or credit bureau, including Initial 90-day Alert, XXXX, Active-Duty Alert, and/or XXXX. The Borrower's year of birth was XXXX and the credit report indicates the Borrower/Guarantor's SSN has never been issued or was issued after XXXX. The loan file contains an LOE from the Borrower indicating the SSN was issued in XXXX, however, the loan file is missing verification of the Borrower's SSN.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Borrower is not originally from this country which is the reason his SSN was not issued until XXXX. We were able to pull the borrowers credit and background using the provided SSN from the borrower. What other documentation would be needed to verify his SSN?

Response 1 (XX/XX/XXXX XX:XXPM)
Explanation and documentation received is sufficient. (Resolved)

XXXX

2158139

3 of 6

XXXX

Credit

DSCR - Missing background check

XXXX

The guidelines indicate Background Check including Foreclosure/NODs and alleged criminal filings. The loan file contains a criminal search for the Borrower/Guarantor but is missing a Background Check.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Liens & Judgments search on the borrower attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2158139

4 of 6

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The guidelines indicate that the Borrower must provide leases on all properties and units if they are determined to be occupied as well as XXXX months of rent receipts. The loan file contains an eligible lease agreement; however, the rent receipt(s) provided for XXXX/XXXX and a partial payment of $XXXX for XXXX/XXXX reflects XXXX as payor and does not reflect the current tenant "XXXX." It should be noted that a partial payment of $XXXX for XXXX/XXXX rent and XXXX rent reflects XXXX as payor, however, due to the last name match to Borrower Jorge Aguirre, it is plausible that this is a spouse or relative paying on behalf of tenant.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
LOE provided from the borrower stating the tenants form of payment (XXXX) does not work from time to time and he makes payments through friends/relatives when that occurs.

Response 1 (XX/XX/XXXX XX:XXPM)
Explanation received is sufficient. (Resolved)

XXXX

2158139

5 of 6

XXXX

Credit

Mortgage History - Missing/Incomplete

XXXX

The guidelines indicate If guarantor has an open/active mortgage for their primary residence that is not being reported on their credit report, XXXX requires XXXX months of mortgage statements. The credit report reflects a mortgage to XXXX that was opened XX/XX/XXXX, reporting XXXX months 0x30. However, the loan file does not contain supporting documentation (mortgage statement, property report) that the mortgage is for the Borrower/Guarantor's primary residence located at XXXX, XXXX XXXX XXXX as reflected on the application or evidence the property is owned free & clear.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached is a property search through XXXX verifying the $XXXXk mortgage on the borrower&#XXXX;s CR is in fact tied to his primary residence located at &#XXXX;XXXX, XXXX, OH XXXX&#XXXX;

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2158139

6 of 6

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value.

Cleared

XXXX

2158140

1 of 5

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Transfer deed attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158140

2 of 5

XXXX

Credit

Credit Report - Other

XXXX

Resolved

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2158140

3 of 5

XXXX

Credit

DSCR - Missing background check

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Liens & Judgments search on the borrower attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2158140

4 of 5

XXXX

Credit

Mortgage History - Missing/Incomplete

XXXX

Resolved

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2158140

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value.

Cleared

XXXX

2152656

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2152656

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152656

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2142199

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2142199

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2142199

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2142200

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2142200

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2142200

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144153

1 of 4

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2144153

2 of 4

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Confirmation of All Other Perils from the insurance agent is attached. XXXX coverage is mentioned specifically on the EOI already.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144153

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

Investor guidelines state "The borrower must provide leases on all properties and units if they are determined to be occupied as well as XXXX months of rent receipts". The loan file contains leases for both units along with hand written receipts for cash for the units, with one of the units receipts not equal to the lease provided. Guidelines include DSCR calculation if proof of rents is not provided making the calculation accurate but does indicate proof of receipt is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
All rent receipts provided for each unit match exactly to each corresponding lease for this property. Unit XXXX is showing proof of XXXX payments of $XXXX/month and Unit XXXX is showing proof of XXXX payments of $XXXX/month.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144153

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2129603

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2129603

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2129603

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2152653

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2152653

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152653

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2152663

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The loan is a XXXX-year fixed closed-end product. The Open-ended form was utilized for the Security Instrument when a Closed-end form should have been used; however, the Security Instrument covers the correct debt and terms.

Acknowledged

XXXX

2152663

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152663

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2142195

1 of 3

XXXX

Compliance

Appraisal Notice - Missing

XXXX

Acknowledged

XXXX

2142195

2 of 3

XXXX

Credit

DSCR - Missing Entity Documentation

XXXX

The guidelines indicate a XXXX signed, stating name and entity type is required. The loan file is missing the W-XXXX form for XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2142195

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value.

Cleared

XXXX

2144149

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144149

2 of 3

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The loan file contains a hazard insurance policy which includes personal liability coverage if $XXXX. Investor guidelines require at least $XXXX per occupancy and $XXXX aggregate.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Corrected EOI with the correct amount of XXXX coverage attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144149

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2147736

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2147736

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2147736

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2144147

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144147

2 of 4

XXXX

Credit

Credit - Other

XXXX

Investor guidelines state if the guarantor has an open/active mortgage on their primary residence that is not being reported on their credit report XXXX requires XXXX months of mortgage statements. The SiteX Report provided in the loan file indicates a recent vendor XXXX dated XX/XX/XXXX on the borrowers primary residence.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Mortgage statements on the borrower&#XXXX;s primary attached. XXXX is the borrower&#XXXX;s wife who&#XXXX;s the house&#XXXX;s name is in.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144147

3 of 4

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

Investor guidelines state the borrower is to have general liability of at least per occurrence coverage of $XXXX and aggregate coverage of $XXXX. The insurance policy provided indicates $XXXX in liability coverage.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Updated liability coverage and paid invoice attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144147

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144148

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144148

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144148

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2155362

1 of 4

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2155362

2 of 4

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The Entity name on the Security Instrument is inconsistent with the title. The Title reflects current vested interest is XXXX; however, the mortgage lists XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
They are the same entity a here is a corrective deed to amend the typo.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2155362

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155362

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2144151

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144151

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144151

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value

Cleared

XXXX

2144152

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144152

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144152

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value

Cleared

XXXX

2142197

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The loan is a XXXX-year fixed close-end product. The Open-end Form was utilized for the Security Instrument when a Close-end form should have been used; however, the Security instrument covers the correct debt and terms.

Acknowledged

XXXX

2142197

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2142197

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2152660

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152660

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152660

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2142196

1 of 3

XXXX

Compliance

Appraisal Notice - Missing

XXXX

Acknowledged

XXXX

2142196

2 of 3

XXXX

Credit

DSCR - Missing background check

XXXX

The guidelines indicate a Background Check including Foreclosure/NODs and alleged criminal filings is required for the Guarantor. The loan file is missing the required background report(s) for the Guarantor XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Liens & Judgments and Criminal search attached on the borrower.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2142196

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value.

Cleared

XXXX

2155365

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155365

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155365

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2152658

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152658

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152658

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2155367

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155367

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155367

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2155366

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155366

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155366

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2142201

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2142201

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2142201

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value

Cleared

XXXX

2152654

1 of 4

XXXX

Compliance

Security Instrument - Missing Rider/Addendum

XXXX

The following referenced Rider is missing: XXXX-XXXX Family Rider

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
I believe this document is only required for multi-unit investment properties where the owner of the property is living in one of the units (not the case here). This rider would allow the lender to collect rent from the property if the owner defaults on the loan. Correct XXXX if I&#XXXX;m wrong but I believe this condition should be waived given the property is fully tenant occupied.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2152654

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2152654

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152654

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2152655

1 of 3

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2152655

2 of 3

XXXX

Credit

Assets - Other

XXXX

There are additional asset findings. The loan file is is Rate/Term refinance, with the borrower bringing $XXXX in cash to closing and is also required to evidence reserves in the amount of $XXXX. A portion of the closing funds are coming a concurrent cash-out refinance of another property, loan #XXXXXXXX, the loan file does not contain evidence, in the form of a HUD-XXXX or Closing Disclosure that reflects those funds as being available to the borrower. Please provide the HUD-XXXX or Closing Disclosure from Loan #XXXXXXXX. Additional conditions could apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX from XXXX attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2152655

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2139887

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2139887

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2139887

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2158144

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: Missing Prepayment Rider.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Prepayment rider attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158144

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158144

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2147737

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2147737

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. The file contains a XXXX background report for both the borrower and the non-borrowing entity member as required. The report for the borrower reflects XXXX criminal filings with no date or specifics provided and the report for the non-borrowing member reflects XXXX criminal filing with no date or specifics provided. Guidelines require these to be addressed for loan eligibility. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Unspecified charges on a borrower&#XXXX;s background check are assumed to be nothing more than a traffic violation. This is particularly common for violations that occur in the state of XXXX.

Response 1 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Resolved)

XXXX

2147737

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2152659

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2152659

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152659

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2158141

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2158141

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158141

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2158142

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2158142

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158142

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2152661

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152661

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152661

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2147738

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2147738

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The guidelines indicate the Borrower must provide leases on all properties and units if they are determined to be occupied as well as XXXX months of rent receipts. The loan file contains XXXX months receipt of rents at $XXXX, however the loan file is missing a copy of the current lease agreement.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Lease agreement attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2147738

3 of 4

XXXX

Credit

Mortgage History - Missing/Incomplete

XXXX

The guidelines indicate a VOM is not required when a borrower has an open/active mortgage for their primary residence on their credit report. The credit report for the Borrower reflects (XXXX) open mortgages, however, documentation within the loan file doesn't confirm either mortgage is for the primary residence (XXXX, XXXX XXXX XXXX).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Both mortgages seen on the borrower&#XXXX;s credit report tie back to his primary residence located at XXXX, XXXX, VA XXXX. Transaction log for the primary residence attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2147738

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX that supports the appraised value.

Cleared

XXXX

2152662

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152662

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152662

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2147735

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2147735

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2147735

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2144154

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2144154

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144154

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Cleared

XXXX

2155364

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155364

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155364

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2155363

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155363

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155363

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2158146

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2158146

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158146

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2125839

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2125839

2 of 4

XXXX

Credit

DSCR - Missing Entity Documentation

XXXX

Missing required business documentation per guidelines. The vesting XXXX (XXXX) contains XXXX members. The Resolution is missing from the file. The Resolution is required by/at closing in order to approve the use of the Resolution and to establish signing authority. Not required at prefund review

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached resolution.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2125839

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. Guidelines require the property condition rating to be C1, C2 or C3 for the DSCR program. The appraisal reflects the condition as C4; therefore, does not meet guideline requirement.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Exception approved by investor - see attachment.

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. XXXX DSCR. XXXX months of reserves.

XXXX

2125839

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2151779

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2151779

2 of 3

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. The evidence of insurance in the loan file does not indicate coverage for all perils. A quote for coverage in the loan file, dated prior to the evidence of insurance reflects "Basic" coverage which does not include all perils. The loan file also contained an email from the insurance agent confirmed that the policies for both properties were DP-XXXX policies which covers only the basic perils and does not cover all perils with an offer to upgrade to a policy covering all perils; however, the post close file does not have evidence of the upgraded insurance for both properties reflecting all perils covered.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached updated policies.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
See attached.

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
Correct EOI attached.

Rebuttal 4 (XX/XX/XXXX XX:XXPM)
Please see attached email confirming all perils are included.

Response 1 (XX/XX/XXXX XX:XXAM)
Still missing coverage for XXXX. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
HOI evidence of coverage provided is not for XXXX. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Incorrect property. (XXXX)

Response 4 (XX/XX/XXXX XX:XXAM)
Still missing evidence of all perils. (XXXX)

Response 5 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2151779

3 of 3

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. No value supporting documentation was present in the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2133274

1 of 6

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2133274

2 of 6

XXXX

Credit

Appraisal - Other

XXXX

There are additional appraisal findings. Guidelines require the property condition rating to be C1, C2 or C3 for the DSCR program. The appraisal reflects the condition as C4; therefore, does not meet guideline requirement.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See page XXXX of attached appraisal - appraiser notes C4 condition is due to no updates to property in prior XXXX years, and is adequately maintained, no major damage or cost to cure. Interior photos do not indicate any structural or major damage. Please clear due to these comments.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Please see attached. Cleared in the XXXX portal

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
See attached full screenshot showing investor approval.

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX does not allow C4 property condition. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Documentation not received. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. XXXX DSCR. XXXX months of reserves.

XXXX

2133274

3 of 6

XXXX

Credit

Contract - Missing

XXXX

The file contained no evidence of a properly executed sales contract. The file contained an Assignment of Purchase and Sale Agreement between the borrower and XXXX. The file did not contain the original contract for review in order to confirm XXXX was original buyer and able to assign the contract. Noted, the assignment of purchase and sale agreement indicates the original contract date is XX/XX/XXXX; however, appears it should be XXXX. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Contract attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2133274

4 of 6

XXXX

Credit

DSCR - Missing Entity Documentation

XXXX

Missing required business documentation per guidelines. The file is missing XXXX for XXXX LLC.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2133274

5 of 6

XXXX

Credit

Program Parameters - LTV

XXXX

The LTV does not meet the program eligibility guidelines. XXXX is XXXX% for the subject transaction. Subject closed with an LTV of XXXX%, which exceeds the max of XXXX%.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached GL exception, investor requests XXXX% XXXX, PPF accepts.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Please see attached. Cleared in XXXX portal

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
See attached full screenshot with exception approval by investor. Please clear.

Response 1 (XX/XX/XXXX XX:XXAM)
The LTV is XXXX%. Investor states exception is good up to XXXX% LTV. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Documentation not received. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. XXXX DSCR. XXXX months of reserves.

XXXX

2133274

6 of 6

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA dated XX/XX/XXXX which supports appraised value.

Cleared

XXXX

2159520

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2159520

2 of 5

XXXX

Credit

Appraisal - Missing required 1004 D

XXXX

Missing required XXXXD to validate value or required repairs. The appraisal was completed subject to favorable structural engineer's report or repairs if needed. The loan file does not contain a favorable structural engineer's report. Subject must be in as-is value per the guidelines. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Structural report and XXXXD attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2159520

3 of 5

XXXX

Credit

Income - Missing or Incomplete Lease Agreement

XXXX

The lease on the subject property reflects the property is managed by a property management company, XXXX. The loan file is missing the property management agreement.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
LOE regarding property management attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2159520

4 of 5

XXXX

Credit

Program Parameters - Other

XXXX

The subject was purchased XX/XX/XXXX with a sales price of $XXXX as evidenced by the HUD provided in the file. The application date is XX/XX/XXXX which is within XXXX months of the purchase disbursement date of XX/XX/XXXX; therefore, the loan reviewed as a Delayed Purchase. Guidelines require documentation of the source of funds used to purchase the property which is missing from the file. In addition, the new loan may not exceed the borrower's initial purchase amount, including closing costs. The new loan amount is $XXXX and the total cost to purchase the property plus closing costs per the HUD totals $XXXX; therefore, new loan amount exceeds. Noted, appraiser indicated updating; however, no documentation to confirm renovation costs. If provided, LTV will be based off of the lesser of acquisition price or as-is value. Additional conditions may apply.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached breakdown of renovation and cost spent.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Since this is being considered a cash-out (due to rehab work being completed by the Borrower), instead of a delayed purchase, we&#XXXX;re requesting the original source of funds for the original purchase be waived, since that is not a requirement for a cash out transaction.

Response 1 (XX/XX/XXXX XX:XXAM)
Still missing source of funds for the original purchase. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver must be granted by Investor. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXAM)
Client reviewed and elects to waive. Noted compensating factors: XXXX qualifying credit score, $XXXX verified reserves, experienced investor, 0x30x99 mortgage history

XXXX. XXXX months of reserves.

XXXX

2159520

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. File contains CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153417

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153417

2 of 4

XXXX

Credit

Assets - Cash to Close

XXXX

Assets were required in the amount of $XXXX ($XXXX funds due at closing + $XXXX reserves). Assets were verified in the amount of $XXXX (XXXX checking $XXXX + XXXX savings $XXXX) resulting in short funds to close of $XXXX and short reserves of $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached bank statement with 401K for reserves.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
On the VOD (see attached) the available balance is showing $XXXX toward the bottom - see page XXXX. That is for cash to close. The 401k statement shows reserves. Please clear.

Response 1 (XX/XX/XXXX XX:XXAM)
Fidelity statement previously provided. There is still a $XXXX reserve shortage and evidence funds to close were liquidated. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153417

3 of 4

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate verifying the subject is not in a flood zone could not be located within the loan file. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached - Zone X

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153417

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153416

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153416

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153416

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX supportive of value.

Cleared

XXXX

2155627

1 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

This loan failed the prepayment term test. The loan has a prepayment term that does not conform to the requirements for the lender's license type in the state where the property is located. Per XXXX 1343.011(C)(2)(b), loan amounts less than $XXXX (XXXX-XXXX units), prepayment penalties not allowed.

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Our documents set the source law as XXXX and we are exempt from PPP restrictions. Please waive.

Response 1 (XX/XX/XXXX XX:XXAM)
The property is located in XXXX and the PPP does apply; however, the grade is an EV2. (Acknowledged)

XXXX

2155627

2 of 4

XXXX

Credit

DSCR - Missing Entity Documentation

XXXX

Missing required business documentation per guidelines. The loan file is missing the certificate of good standing for the borrowing entity known as XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2155627

3 of 4

XXXX

Credit

Program Parameters - LTV

XXXX

The LTV does not meet the program eligibility guidelines. The loan file closed with a purchase price of $XXXX and a loan amount of $XXXX which equates to an XXXX% LTV, the maximum LTV per guidelines on a purchase transaction, with a DSCR over XXXX and a FICO above XXXX is XXXX%

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached exception approved by investor.

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. XXXX DSCR. Experienced Investor.

XXXX

2155627

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2133333

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2133333

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2133333

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2144015

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144015

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144015

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2143114

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2143114

2 of 3

XXXX

Credit

Appraisal - Other

XXXX

There are additional appraisal findings. The appraisal for the subject property located at XXXX reflects an unfinished bathroom. The photo shows that the toilet is not installed. Further, the water was not on at time of inspection. The appraisal for the subject property located at XXXX reflects observed damages in need to repair. The photo reflects a damaged airduct. Evidence that these issues have been addressed is not present in the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Updates on both properties

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Pic of toilet installed

Response 1 (XX/XX/XXXX XX:XXAM)
Still missing re-inspection of XXXX reflecting toilet installation and water turned on. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2143114

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDAs, dated XX/XX/XXXX which supports the appraised values.

Cleared

XXXX

2154898

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154898

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154898

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDAs, dated XX/XX/XXXX which supports the appraised values.

Cleared

XXXX

2129370

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2129370

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2129370

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contains a CDA, dated XX/XX/XXXX, that supports the value.

Cleared

XXXX

2152614

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152614

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152614

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2137449

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137449

2 of 3

XXXX

Credit

Program Parameters - LTV

XXXX

Original LTV was calculated using the higher of the appraised value vs Cost basis/Purchase price and should be lower of the Cost basis of $XXXX. Using the lower cost basis, the calculated LTV was XXXX% and exceeds the maximum LTV allowable of XXXX%.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
LTV is XXXX% where as the LTC is over XXXX%. Guides state XXXX is not applicable although may be overlaid in evaluating within a proposed transaction.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Escalated.

Response 1 (XX/XX/XXXX XX:XXAM)
Explanation received does not cure defect. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2137449

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2143113

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2143113

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2143113

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX that supported the value.

Cleared

XXXX

2144016

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144016

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144016

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2129343

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2129343

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2129343

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports value.

Cleared

XXXX

2144032

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144032

2 of 3

XXXX

Credit

DSCR - Missing Entity Documentation

XXXX

Missing required business documentation per guidelines. The loan file is missing the Operating Agreement for the borrowing entity known as XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Operating Agreement

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144032

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX. which supports the original appraised value.

Cleared

XXXX

2144007

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144007

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144007

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2129381

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2129381

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2129381

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2144017

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144017

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144017

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2143109

1 of 4

XXXX

Compliance

Note - Signature Discrepancy

XXXX

The borrower signed the Note on XX/XX/XXXX but the notary stated that the borrower appeared before them a day prior on XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
MTG and Note updated

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2143109

2 of 4

XXXX

Compliance

Security Instrument - Signature Discrepancy

XXXX

The borrower signed the mortgage and the witness on XX/XX/XXXX but the notary stated that the borrower appeared before them a day prior on XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
MTG and Note updated

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2143109

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2143109

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports value.

Cleared

XXXX

2129351

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2129351

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2129351

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2143112

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2143112

2 of 3

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
HOI AOP Confirmation

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2143112

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a Desk Review dated XX/XX/XXXX that supported the value.

Cleared

XXXX

2152617

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152617

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152617

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2143110

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2143110

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2143110

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value.

Cleared

XXXX

2152622

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152622

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152622

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144033

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144033

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144033

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144602

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144602

2 of 3

XXXX

Credit

Income - Rental Property/Missing Lease

XXXX

The rental income was not properly documented guidelines. Lease agreement is required but missing from the loan file. The loan file contains an expired lease with no month-to-month or holdover clause to extend automatically. The qualifying rent for the subject transaction was the amount per the lease and the final HUD-XXXX settlement statement reflects that the lease is being transferred to the borrower at closing. A copy of the new lease or extension of the expired lease is required. (Void)

Void

Purchase; qualifies using market rent. XXXX/Experienced investor.

XXXX

2144602

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144034

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144034

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144034

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2144042

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144042

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144042

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144018

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144018

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144018

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX which supported the appraised value.

Cleared

XXXX

2144011

1 of 3

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The borrower did not date the signature on the Security Instrument.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
dated MTG

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2144011

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144011

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX which supported the appraised value.

Cleared

XXXX

2144010

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144010

2 of 3

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent. The loan file did not contain evidence that the hazard policy in file included All Perils as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
AOP HOI Confirmation

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144010

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX which supported the appraised value.

Cleared

XXXX

2144030

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144030

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144030

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX that supported the value.

Cleared

XXXX

2129389

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2129389

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2129389

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2152613

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152613

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152613

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX that supported the value.

Cleared

XXXX

2152619

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152619

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152619

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX that supported the value.

Cleared

XXXX

2154891

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154891

2 of 3

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
confirmation from HOI agent

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2154891

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX that supported the value.

Cleared

XXXX

2144024

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144024

2 of 3

XXXX

Credit

Credit - Other

XXXX

There are additional observations that could impact the credit decision and/or quality of the loan. The loan file contains a background check with results of XXXX possible criminal arrests for the borrower, and no dates or offense outcomes. The guidelines have specific requirements regarding criminal activities which define the transaction as eligible or ineligible. Please provide detailed documentation reflecting the dates, offenses, and if the events pertain to the borrower in order to determine adherence to the guidelines and loan eligibility. ***additional conditions may apply ***

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Documentation uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144024

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX that supported the value.

Cleared

XXXX

2144023

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144023

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144023

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX that supports the value.

Cleared

XXXX

2144019

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144019

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144019

3 of 3

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. The file did not contain a CDA.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
CDA

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144053

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144053

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The subject property is an investment property and lease was provided. The investor guidelines required a Property Management Questionnaire by either a professional property management company or a member of the borrowing entity if subject is self managed. Required document was not provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PMQ

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144053

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2144020

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144020

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144020

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports value.

Cleared

XXXX

2144048

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144048

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144048

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2144049

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144049

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144049

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2144026

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144026

2 of 3

XXXX

Credit

Borrower - Residency Alien Documentation

XXXX

The borrower indicates Resident Alien status, however, the resident alien card in the loan file expired XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Extension

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144026

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports value.

Cleared

XXXX

2144027

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144027

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144027

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports value.

Cleared

XXXX

2144055

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144055

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144055

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. File contains CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144035

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144035

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144035

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144025

1 of 3

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The Vested Interest on the Security Instrument is inconsistent with the XXXX. Title reflects current Vested Interest as XXXX and XXXX where as the Security Instrument reflects XXXX. There is no evidence of a transfer deed in the loan file for the change.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX and AO for HighAlt with XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2144025

2 of 3

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent. Perils not reflected.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
AOP confirmation from HOI agent

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144025

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contains a CDA, dated XX/XX/XXXX, that supports the value.

Cleared

XXXX

2144012

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144012

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

The subject loan does not meet Program Parameters. The criminal section of the XXXX for the co-borrower reflects an offense for smuggling of persons XX/XX/XXXX with a sentence date of XX/XX/XXXX. The file did not contain an explanation of the offense details, the severity or current status of the sentence.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
LOX

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144012

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2154892

1 of 3

XXXX

Compliance

Compliance Finding - Missing Business Purpose Documentation

XXXX

There are additional XXXX. Missing the following Business purpose documentation: Occupancy certification/affidavit not in the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Attached

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Loan Agreement pg. XXXX section XXXX.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The Loan Agreement has been provided; please provide the Occupancy Affidavit for review. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2154892

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154892

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144050

1 of 3

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: page XXXX of XXXX missing from Deed.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
full mortgage is the first doc

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2144050

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144050

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144052

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144052

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144052

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144056

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note is incomplete: The Loan Agreement Notary Sign page is missing a completed Notary Date for member XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Not sure if this was saying the Note or Loan Agreement was missing the date but both of these are complete

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2144056

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144056

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2144044

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144044

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144044

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2144037

1 of 3

XXXX

Compliance

State Regulations

XXXX

This loan failed the prepayment test. The loan has a prepayment term that does not conform to the State Regulations where the property is located. Under the state of XXXX a loan secured by a single family dwelling unit shall not charge a prepayment fee or penalty in excess of XXXX% of the amount of any prepayment made within XXXX years of the date of the loan, or any prepayment fee or penalty at all thereafter, or prohibit prepayment at any time.

Acknowledged

XXXX

2144037

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144037

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2144029

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note is incomplete: the Loan Agreement is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
loan agreement

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2144029

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. The loan file is missing the following required documentation: Guaranty Agreement, Business Purpose XXXX and XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX and loan agreement

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144029

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2144058

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144058

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144058

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2144043

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144043

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144043

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144040

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144040

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144040

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2144051

1 of 3

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The loan agreement is missing page XXXX of the document

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
full loan agreement

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2144051

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144051

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2152618

1 of 4

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Deed is missing page XXXX of the document.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
full mortgage is the first doc

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2152618

2 of 4

XXXX

Compliance

State Regulations

XXXX

This loan failed the interest rate test. The loan has an interest rate that does not conform to the requirements for the lender's license type in the state where the property is located. The loan has a XXXX% interest rate and the state only allows for XXXX%.

Acknowledged

XXXX

2152618

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152618

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2144004

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144004

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144004

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2144008

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144008

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144008

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2144005

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144005

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144005

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2144038

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144038

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144038

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2154894

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154894

2 of 3

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
confirmation from HOI agent

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2154894

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2144006

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144006

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144006

3 of 3

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal to support the origination appraised value. The loan file did not contain a CDA, FIeld Review, or 2nd Appraisal to support the origination appraised value. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
CDA

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2144045

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144045

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144045

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2154896

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note are incomplete: Page XXXX of XXXX is missing from the loan file. In addition, page XXXX or XXXX is missing the execution date.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Pg XXXX is misnumbered and says XXXX of XXXX instead of XXXX or XXXX. All signatures and dates are present

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2154896

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154896

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144009

1 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144009

2 of 2

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports theappraised value

Cleared

XXXX

2144057

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144057

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144057

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2152615

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152615

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152615

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144031

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144031

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144031

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144021

1 of 3

XXXX

Compliance

Security Instrument - Missing Rider/Addendum

XXXX

The following referenced Rider is missing: XXXX-XXXX Family rider.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Mortgage. Don&#XXXX;t think I&#XXXX;ve ever seen XXXX-XXXX family rider

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. The Mortgage provided contains verbiage within the document stating that upon default the lender will collect and retain the rents; this is acceptable in lieu of a XXXX-XXXX family rider. (Resolved)

XXXX

2144021

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144021

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144046

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144046

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144046

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144041

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144041

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144041

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2144059

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144059

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144059

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144047

1 of 3

XXXX

Compliance

Security Instrument - Missing Rider/Addendum

XXXX

The following referenced Rider is missing: XXXX-XXXX Family Rider.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Another one where I&#XXXX;m not sure what the XXXX-XXXX family rider is but attached is the mortgage where PUD riders normally are

XXXX

2144047

2 of 3

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
AOP confirmation from HOI agent

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144047

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2154897

1 of 3

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Condominium Rider is missing the date at the top of the last page.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Recorded mtg with dates on rider

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2154897

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154897

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2144611

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144611

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144611

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2144606

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144606

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144606

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2144603

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144603

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144603

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144609

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144609

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144609

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144600

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144600

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144600

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144610

1 of 3

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2144610

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144610

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2144616

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144616

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144616

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144612

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144612

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144612

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2144617

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144617

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144617

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2144604

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144604

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144604

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144607

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144607

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144607

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144605

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144605

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144605

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144620

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144620

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144620

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144614

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144614

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144614

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144608

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144608

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144608

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX that supported the value.

Cleared

XXXX

2144622

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144622

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144622

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2152620

1 of 3

XXXX

Compliance

Compliance Finding - Missing Business Purpose Documentation

XXXX

There are additional XXXX. Missing the following Business purpose documentation: The 1st page of the Non-Occupancy Investment property affidavit was missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please review section 22 of attached loan agreement.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2152620

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152620

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX that supported the value.

Cleared

XXXX

2152621

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152621

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152621

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144621

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144621

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144621

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2154893

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154893

2 of 3

XXXX

Credit

Appraisal - Missing required 1004 D

XXXX

The appraisal was made 'Subject To" smoke detectors being installed in each bedroom and the main living area and the basement being inspected by a qualified professional due to water in the basement. XXXX noted that these issues were health and safety issues. A 1004d was provided and supported the smoke detectors had been installed. The XXXXd did not indicate that an inspection had been completed for the water in the basement and the resolution for this. Updated 1004d is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Basement pics showing no water

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2154893

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2144619

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144619

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144619

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144618

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144618

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144618

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX that supported the value.

Cleared

XXXX

1914005

1 of 8

XXXX

Compliance

Federal - HPML APR/Non-Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a non-compliant HPML due to the following: There is no evidence the borrower received the appraisal at least XXXX business days prior to consummation.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to cure the finding. (Resolved)

XXXX

1914005

2 of 8

XXXX

Compliance

State HPML

XXXX

This loan exceeded the average prime offer rate APR threshold. ( XXXX SB XXXX, §3(a)(7)(F)(ii) ). The loan is a first lien and the greater of the disclosed APR and the calculated APR, exceeds the Average Prime Offer Rate (XXXX%) by XXXX% or more. The loan is a non-compliant HPML due to the following: There is no evidence the borrower received the appraisal at least XXXX business days prior to consummation.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to cure the finding. (Resolved)

XXXX

1914005

3 of 8

XXXX

Compliance

TRID - 10% Tolerance Violation (Disclosure Timing Fail)

XXXX

The loan failed the charges that in total cannot increase more than XXXX% test. Because the loan failed the Initial LE date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following additions/increases: Abstract / Title Search Fee $XXXX, Attorney's Fee (Closing Agent Only) $XXXX, Closing Protection Letter Fee $XXXX, XXXX Fee $XXXX, Funding, Wire, or Disbursement Fee $XXXX, Lender's Title Insurance Policy $XXXX, Settlement or Closing Fee $XXXX, Recording Fee $XXXX. A cost to cure in the amount of $XXXX is required. The violation may be cured if documentation is provided showing the disclosure was delivered timely .

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see initial disclosure signed - attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to cure the finding. (Resolved)

XXXX

1914005

4 of 8

XXXX

Compliance

TRID - Initial LE/Delivery Date (from application)

XXXX

The loan failed the Initial Loan Estimate delivery date test (from application). The Initial LE issued on XX/XX/XXXX was not disclosed within XXXX days of the application date, XX/XX/XXXX. Truth in XXXX (Regulation Z) 12 CFR 1026.19(e)(1)(iii)(A).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Initial disclosure sent on XXXX/XXXX - Attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to cure the finding. (Resolved)

XXXX

1914005

5 of 8

XXXX

Compliance

TRID - Zero Tolerance Violation (Disclosure Timing Fail)

XXXX

The loan failed the charges that cannot increase test. Because the loan failed the Initial LE date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following additions/increases: Points - Loan Discount Fee $XXXX, Underwriting Fee $XXXX, Appraisal Fee $XXXX, Appraisal Review Fee $XXXX, Credit Report Fee $XXXX. A cost to cure in the amount of $ $XXXX is required. The violation may be cured if documentation is provided showing the disclosure was delivered timely.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see initial disclosure signed - attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to cure the finding. (Resolved)

XXXX

1914005

6 of 8

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

The origination credit report is missing from the loan file. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

1914005

7 of 8

XXXX

Credit

Verification Documentation - VOE Self-Employed/Aged

XXXX

A VOE is required within XXXX Days of the Note Date. The VOE in file to confirm the borrower's self-employed business, XXXX, is dated XX/XX/XXXX which is expired as of the Note date XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

1914005

8 of 8

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX which supported the appraisal value.

Cleared

XXXX

2151780

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2151780

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2151780

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2155629

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155629

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155629

3 of 3

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. The loan file does not contain a secondary valuation product for any of the five included properties.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached XXXX reports for all properties in this portfolio.

Response 1 (XX/XX/XXXX XX:XXAM)
CDA's provided for all properties and supports each property appraised value. (Resolved)

XXXX

2155630

1 of 6

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

This loan failed the prepayment test. The loan has a prepayment term does not conform to the State Regulations where the property is located. The state of XXXX does not allow a prepayment term for XXXX-XXXX units with a loan amount less than $XXXX, the loan has a XXXX month prepayment term and loan amount of $XXXX. The loan fails the prepayment test by XXXX months.

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Our documents set the source law as XXXX and we are exempt from prepayment penalty restrictions. Please waive.

Response 1 (XX/XX/XXXX XX:XXAM)
The property is located in XXXX and the PPP does apply; however, the grade is an EV2. (Acknowledged)

XXXX

2155630

2 of 6

XXXX

Credit

Appraisal - Other

XXXX

There are additional appraisal findings. The guidelines require that C4 condition for Rental loans are only eligible for Purchase, Rate & Term, and Delayed Purchase transactions. According to the subject transaction HUD-XXXX settlement statement the subject transaction was a cash-out refinance with the borrower receiving $XXXX in cash and a mortgage was paid off at closing. The loan file also contained the HUD-XXXX settlement statement from the purchase of the property in XXXX. As the subject transaction is a cash-out refinance with a C4 condition, the transaction is not allowed.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PPF guidelines state that a C4 property is eligible for a cash-out refinance, including a DSCR loan. This was effective XX/XX/XXXX - this loan closed on XX/XX/XXXX. Please waive.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
See attached GL exception approved by investor.

Response 1 (XX/XX/XXXX XX:XXPM)
C4 is not eligible on a cash-out refinance, which this is. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. XXXX% LTV. Experienced Investor.

XXXX

2155630

3 of 6

XXXX

Credit

Credit - Other

XXXX

The credit report reflects the Equifax Credit Score is frozen. Guidelines require that the borrower/sponsor must contact the subject credit bureau to unfreeze and pull a new tri-merge credit report when all bureaus are unfrozen. The file is missing the updated credit report, as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached credit report.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2155630

4 of 6

XXXX

Credit

Income - Missing or Incomplete Lease Agreement

XXXX

The loan file contains a lease with the address of XXXX; however, the subject address is XXXX. Provide lease with corrected address.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2155630

5 of 6

XXXX

Credit

Title Commitment - Missing/Incomplete

XXXX

The title commitment is missing from the loan file. The loan file contains no evidence of title insurance commitment.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2155630

6 of 6

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contains a CDA, dated XX/XX/XXXX, that supports the value.

Cleared

XXXX

2151781

1 of 3

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

This loan failed the prepayment test. The loan has a prepayment term does not conform to the State Regulations where the property is located. The state of XXXX does not allow a prepayment term for XXXX units with a loan amount less than $XXXX, the loan has a XXXX month prepayment term and loan amount of $XXXX. The loan fails the prepayment test by XXXX months.

Acknowledged

XXXX

2151781

2 of 3

XXXX

Credit

Credit Report - Other

XXXX

The credit report, dated XX/XX/XXXX,reflects Borrower's Equifax Credit Score is frozen. Guidelines require that the borrower/sponsor must contact the subject credit bureau to unfreeze and pull a new tri-merge credit report when all bureaus are unfrozen. The file is missing the updated credit report, as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached credit report with all three scores available. Please clear.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2151781

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153413

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153413

2 of 4

XXXX

Credit

Appraisal - Appraisal Missing

XXXX

Missing required appraisal from file, including XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached appraisal

Response 1 (XX/XX/XXXX XX:XXAM)
Appraisal provided. (Resolved)

XXXX

2153413

3 of 4

XXXX

Credit

DSCR - Missing Entity Documentation

XXXX

Missing required business documentation per guidelines. The vesting XXXX (XXXX) contains XXXX members. The Resolution is missing from the file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX does have two members, however, one has XXXX% interest and therefore is not required to sign. OA is attached. Please clear.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
This condition was not required for XXXX, and this is the same borrower, same entity. Please waive.

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Resolution is required for XXXX members. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
This condition was cited on the prefund loan and is still open on prefund. Please provide. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153413

4 of 4

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

This Loan file is missing the CDA.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached XXXXn report - grade A.

Response 1 (XX/XX/XXXX XX:XXAM)
CDA provided and supports original appraised value. (Resolved)

XXXX

2153412

1 of 3

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2153412

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153412

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2151783

1 of 6

XXXX

Compliance

HUD1 - Incomplete

XXXX

The settlement statement is incomplete. Page XXXX of the Final Settlement Statement is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
HUD uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2151783

2 of 6

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: Page 5 is cut off.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2151783

3 of 6

XXXX

Credit

Appraisal - Appraisal Missing

XXXX

The file is missing the appraisal for XXXX-XXXX, XXXX, XXXX XXXX to include market rent to accurately determine DSCR. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2151783

4 of 6

XXXX

Credit

DSCR - Missing HUD

XXXX

The file contains only pages XXXX and XXXX of the final HUD for XXXX-XXXX, XXXX, XXXX XXXX. The file does contain a page XXXX; however, reflects loan amount of $XXXX when actual loan amount is $XXXX. Please provide all pages of final executed HUD to include payoff(s) and required escrows. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2151783

5 of 6

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The loan was missing current hazard insurance policy with sufficient dwelling coverage on XXXX-XXXX, XXXX, XXXX XXXX to include all perils, mortgagee clause, etc.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
See attached email from insurance agent confirming all perils along with the policy document she is referencing. Please clear.

Response 1 (XX/XX/XXXX XX:XXAM)
All perils is not referenced. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2151783

6 of 6

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. File contains CDAs which support all properties.

Cleared

XXXX

2155628

1 of 5

XXXX

Compliance

HMDA - Government Monitoring

XXXX

The Government Monitoring Section on the application was not completed. The Ethnicity and Race section were not completed. Home Mortgage Disclosure Act (Regulation C) 12 CFR 1003.4(b) Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX.

Acknowledged

XXXX

2155628

2 of 5

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2155628

3 of 5

XXXX

Credit

Credit - Other

XXXX

The appraisal transfer letter must certify and warrant appraisal complied with AIR (Appraisal Independence Requirements) and is missing from the letter. Noted, finding made on prefund loan review.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2155628

4 of 5

XXXX

Credit

Program Parameters - LTV

XXXX

The LTV does not meet the program eligibility guidelines. Purchase transaction with XXXX% LTV, XXXX, DSCR XXXX. Per the matrix, the max LTV is XXXX%. The LTV exceeds the program guidelines. Noted, finding made on prefund loan review.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached GL approval.

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX DSCR. XXXX months of reserves.

XXXX

2155628

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. File contains CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2151785

1 of 3

XXXX

Compliance

Note - Signature Discrepancy

XXXX

The signature on the Loan agreement does not appear to match loan documents. The borrower is an entity however the Loan Agreement was signed as Individual and as Member. Page one of mortgage only listed the entity and Title only listed borrower as entity.

Acknowledged

XXXX

2151785

2 of 3

XXXX

Credit

DSCR - Missing Entity Documentation

XXXX

The subject closed in the name of XXXX. The investor guidelines required a current Certificate of Good Standing from a state agency website. Required documentation was not provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2151785

3 of 3

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2151782

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2151782

2 of 4

XXXX

Credit

Assets - Authorization

XXXX

The borrower is required to evidence verified assets totaling $XXXX ($XXXX funds to close plus XXXX months reserves on the subject of $XXXX). The loan file contains a bank statement with XXXX #XXXX ending XX/XX/XXXX with an available balance of $XXXX; however, the account holder is XXXX which is not the borrowing entity. The loan file does not contain a copy of the entity operating agreement to evidence that the guarantor has access to these funds. Without the use of these funds or evidence of valid assets, the borrower is short funds for closing and reserves. The file does not contain authorization for funds access from the business account.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached entity docs for XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2151782

3 of 4

XXXX

Credit

Credit - Other

XXXX

There are additional observations that could impact the credit decision and/or quality of the loan. The XXXX background report on the guarantor reflects a civil judgment filed on XX/XX/XXXX in the amount of $XXXX which is not documented as satisfied.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached lien release - borrower paid the judgement in full. Please clear.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2151782

4 of 4

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal to support the origination appraised value.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153414

1 of 5

XXXX

Compliance

Note - Signature Discrepancy

XXXX

Acknowledged

XXXX

2153414

2 of 5

XXXX

Credit

Appraisal - Appraisal Missing

XXXX

Missing required appraisal from file. The loan file does not contain a copy of the appraisal and market rent as required. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153414

3 of 5

XXXX

Credit

Assets - Authorization

XXXX

The file does not contain authorization for funds access from business account. The borrower is required to evidence sufficient funds for XXXX months reserves totaling $XXXX along with any funds due at closing. The loan file contains a bank statement reflecting available funds in the amount of $XXXX; however, the account holder is "XXXX" the loan file does not contain a copy of the entity operating agreement to evidence that the guarantor has access to these funds. Without the use of these funds or evidence of valid assets, the borrower is short funds for closing and reserves. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached entity docs for XXXX. Please clear.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153414

4 of 5

XXXX

Credit

Credit Report - Adverse Credit

XXXX

Adverse credit information, such as late payments, lawsuits, or judgements, were not adequately explained by the applicant. Explanation and evidence of satisfaction of judgment per the background report. The background report reflects a civil judgment filed on XX/XX/XXXX in the amount of $XXXX. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached lien release showing this was paid in full. Please clear.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153414

5 of 5

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153415

1 of 5

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The Vested Interest on the Security Instrument cannot be verified as accurate due to Title Commitment missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153415

2 of 5

XXXX

Credit

Assets - Authorization

XXXX

The borrower is required to evidence verified assets totaling $XXXX (XXXX months reserves on the subject). The loan file contains a bank statement with XXXX #XXXX ending XX/XX/XXXX with an available balance of $XXXX; however, the account holder is XXXX which is not the borrowing entity. The loan file does not contain a copy of the entity operating agreement to evidence that the guarantor has access to these funds. Without the use of these funds or evidence of valid assets, the borrower is short reserves. The file does not contain authorization for funds access from the business account.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached entity docs for XXXX showing that borrower is the sole member.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153415

3 of 5

XXXX

Credit

Credit - Other

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached lien release showing judgement has been paid in full.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153415

4 of 5

XXXX

Credit

Title Commitment - Missing/Incomplete

XXXX

The title commitment/policy is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153415

5 of 5

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal to support the origination appraised value.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2155635

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155635

2 of 3

XXXX

Credit

Final Application - Inaccurate

XXXX

The Application in the loan file reflects borrowing entity as XXXX; however, review of the note/mortgage and loan documents reflect the borrower as an individual.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Borrower is sole member of the entity so no other party would have been involved in the transaction. Borrower decided to do the loan in his personal name. All other necessary docs (background, credit, OFAC, etc) are included in the file. Please waive.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Please update the application. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2155635

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. File contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2151786

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2151786

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2151786

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports value.

Cleared

XXXX

2159521

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2159521

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2159521

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. File contains CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2151787

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2151787

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2151787

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contains a CDA, dated XX/XX/XXXX, that supports the value.

Cleared

XXXX

2151789

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2151789

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2151789

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports value.

Cleared

XXXX

2151784

1 of 9

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2151784

2 of 9

XXXX

Credit

Appraisal - Other

XXXX

Please have the Borrower's name changed on the Appraisal to XXXX. He is keeping the property in his name solely.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2151784

3 of 9

XXXX

Credit

Credit - OFAC Screening

XXXX

The loan file does not contain evidence the Borrowers passed the OFAC screening process. Evidence of OFAC is missing for the borrowing entity XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX was keeping the property in his personal name, not an entity.

Response 1 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Resolved)

XXXX

2151784

4 of 9

XXXX

Credit

DSCR - Missing background check

XXXX

Background check is missing for the borrowing entity XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Borrower is keeping property in his personal name.

Response 1 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Resolved)

XXXX

2151784

5 of 9

XXXX

Credit

DSCR - Missing Entity Documentation

XXXX

Missing required business documentation per guidelines. The loan file did not contain a copy of the certificate of good standing, Certificate of formation, EIN and Operating agreement as required for the entity known as XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX was not going to put the property into an entity but keep it in his personal name.

Response 1 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Resolved)

XXXX

2151784

6 of 9

XXXX

Credit

Final Application - Inaccurate

XXXX

Please update the application to exclude XXXX. XXXX is obtaining the loan solely.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2151784

7 of 9

XXXX

Credit

Title Commitment - Incorrect

XXXX

The title commitment shows incorrect data. The title commitment reflects an insufficient insurance coverage amount of $XXXX. The subject loan amount is proposed to be $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See updated title commitment with $XXXX amount.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2151784

8 of 9

XXXX

Credit

Title Commitment - Other

XXXX

There are additional findings regarding the title commitment. The title reflects the current vesting as XXXX and no mention of the vesting to be changed to the entity XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX was going to keep property in his personal name. Please waive.

Response 1 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Resolved)

XXXX

2151784

9 of 9

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2151788

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2151788

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2151788

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. File contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2155634

1 of 4

XXXX

Compliance

Note - Signature Discrepancy

XXXX

Acknowledged

XXXX

2155634

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2155634

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The subject property condition is C4 per the appraisal. Guidelines allow C4 condition but only for a purchase, rate and term, or delayed purchase transaction. The subject transaction is a cash-out refinance which does not meet the requirement.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached for approval from PPF head of UW.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
See attached GL exception approval from investor

Response 1 (XX/XX/XXXX XX:XXAM)
Exception must be granted by Investor. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. XXXX% LTV. XXXX DSCR.

XXXX

2155634

4 of 4

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, or 2nd appraisal to support the origination appraised value.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2155633

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155633

2 of 3

XXXX

Credit

Appraisal - Other

XXXX

There are additional appraisal findings. The guidelines require that C4 condition for Rental loans are only eligible for Purchase, Rate & Term, and Delayed Purchase transactions. According to the subject transaction HUD-XXXX settlement statement the subject transaction was a cash-out refinance with the borrower receiving $XXXX in cash and a mortgage was paid off at closing. As the subject transaction is a cash-out refinance with a C4 condition, the transaction is not allowed.

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Page XXXX of the new guide does not allow C4 for rental cash-out refinance. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Exception must be granted by Investor. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
Exception must be granted by Investor. (XXXX)

Response 4 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. XXXX% LTV. XXXX DSCR.

XXXX

2155633

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153418

1 of 5

XXXX

Compliance

Note - Signature Discrepancy

XXXX

Acknowledged

XXXX

2153418

2 of 5

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2153418

3 of 5

XXXX

Credit

Appraisal - Other

XXXX

There are additional appraisal findings. Guidelines require a standard rating of the subject property (XXXX) be reflected on the appraisal. The appraisal reflects rating as average; therefore, unable to determine if rating acceptable for subject transaction which allows C1-C3 for cash-out refinances. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See grid on page XXXX which shows subject property as C3 condition. Please clear.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153418

4 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The subject is a cash out refinance with an LTV of XXXX%. The investor guidelines required all cash out refinances with LTV greater than XXXX% to be enrolled in XXXX Payments. The Automatic Payment Enrollment Form was not provided as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX provided an ACH form prior to close and also signed and filled out an ACH authorization form for automated payments. Both are attached. Please clear.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153418

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2151791

1 of 3

XXXX

Compliance

Note - Signature Discrepancy

XXXX

Acknowledged

XXXX

2151791

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2151791

3 of 3

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2159522

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2159522

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2159522

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2155632

1 of 4

XXXX

Compliance

Note - Signature Discrepancy

XXXX

Acknowledged

XXXX

2155632

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The subject transaction was a cash out refinance. The investor guidelines required confirmation from the borrower that the funds are for business use with the documentation reason(s) for cash out via either a detailed completion of the Loan Application cash out use of proceeds section or a detailed borrower executed letter of explanation. Required documentation was not provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Borrower provided a lease for the property since he maintains it as a rental. This lease terminates in Aug of XXXX. Please clear.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Please provide the requested cash-out LOE for business purpose. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2155632

3 of 4

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The loan was missing current hazard insurance policy on the subject property with sufficient coverage/replacement cost. The documentation provided for the hazard insurance was a Quote only. Proof of the actual policy was not provdied as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached dec page for policy.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2155632

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2155631

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155631

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155631

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2151790

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2151790

2 of 3

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See attached email from insurance agent stating all perils is included.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2151790

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. File contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2159523

1 of 4

XXXX

Compliance

Security Instrument - Missing Rider/Addendum

XXXX

The following referenced Rider(s) / Legal Addendum(s) are missing:XXXX-4Family Rider, Prepayment Rider, Business Loan Rider, SFR Entity Borrower Rider, and Business Purpose and XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2159523

2 of 4

XXXX

Credit

DSCR - Missing HUD

XXXX

Missing HUD to confirm correct loan amount, mortgage payoff, escrows collected, and sufficient cash-out to support required reserves. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached final settlement statement.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2159523

3 of 4

XXXX

Credit

Income - Rental Property Income

XXXX

The actual rents per the lease exceed the third-party market rent >XXXX%. The XXXX allowable rents used for qualifying are XXXX% of the market rents, reflected on third-party market rental data. The borrower/sponsor must provide a copy of the fully executed current lease, and XXXX most recent months cancelled checks or bank statements evidencing receipt of XXXX months rental income received prior to the application date. The loan file contained a copy of the lease; however, evidence of rent receipt was not present in the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached rent receipts for March and April

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2159523

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. File contains CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2159524

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2159524

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. The max LTV on a purchase with a FICO of XXXX is XXXX%. The subject loan has an LTV of XXXX%, which exceeds the max of XXXX% for the subject transaction. Noted, finding was also made on the prefund loan review.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See attached GL exception approved by investor.

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX. XXXX DSCR. XXXX months of reserves..

XXXX

2159524

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports value.

Cleared

XXXX

2158243

1 of 8

XXXX

Compliance

HUD1 - Missing (All)

XXXX

There is no evidence of a HUD-XXXX Settlement Statement provided in the loan file. As a result the following reviews could not be performed: XXXX, XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
settlement statement

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158243

2 of 8

XXXX

Credit

Appraisal - Appraisal Missing

XXXX

The original appraisal is missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
appraisal

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
appraisal

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation not received. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2158243

3 of 8

XXXX

Credit

Assets - Cash to Close

XXXX

The loan file does not contain asset documentation to support assets to cover funds to close plus reserves of approximately $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
assets

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
additional assets

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
The currency is in USD. Is a full translation needed?

Rebuttal 4 (XX/XX/XXXX XX:XXPM)
translated assets

Response 1 (XX/XX/XXXX XX:XXPM)
Reserve shortage of $XXXX remains. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The account is foreign. Language and currency translation is required. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Only the verbiage below each transaction. (XXXX)

Response 4 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2158243

4 of 8

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

The loan file is missing a credit report.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
credit report

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2158243

5 of 8

XXXX

Credit

DSCR - Missing HUD

XXXX

Subject loan is a no cash-out refinance. The loan file is missing the final HUD to verify funds required for closing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
settlement statement

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2158243

6 of 8

XXXX

Credit

Income - Rental Property/Missing Lease

XXXX

The loan file is missing lease agreements along with Garage Rental Agreements for units A, B and C.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
leases

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
rentals for units A and B

Response 1 (XX/XX/XXXX XX:XXPM)
Still missing rentals for units A and B. (Upheld)

Response 2 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2158243

7 of 8

XXXX

Credit

Ineligible Property Type - 5+ Units

XXXX

The subject property is XXXX units. Properties with XXXX or more units must be approved to meet the XXXX overlay.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please confirm what is needed to clear condition

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Email showing investor approval of subject property

Response 1 (XX/XX/XXXX XX:XXPM)
Investor approval. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. XXXX% LTV. XXXX months of reserves.

XXXX

2158243

8 of 8

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contains a commercial appraisal review dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2116187

1 of 8

XXXX

Compliance

HOC - Missing

XXXX

The Homeownership Counseling Disclosure (HOC) is missing. Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.20(a)

Acknowledged

XXXX

2116187

2 of 8

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

This loan does not qualify for a safe harbor level of compliance with the qualified mortgage rule. (12 CFR 1026.43(b)(4), (e)(1)). This loan does not qualify for a safe harbor. The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX.

Acknowledged

XXXX

2116187

3 of 8

XXXX

Compliance

State Disclosure - Texas Home Equity Loan Consumer Disclosure (12-Day Letter)/Missing

XXXX

The XXXX Consumer Disclosure (XXXX-Day Letter) is Missing. Required to be provided in connection with a XXXX. XXXX Constitution - Home Equity Loan Provisions XXXX. Const. art. XVI, 50(a)(6)(M)(i), 50(g); XXXX XXXX. Admin. Code XXXX, XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX day letter

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2116187

4 of 8

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX, Credit Repot Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2116187

5 of 8

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable

XXXX

Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. If disclosure was delivered electronically evidence of receipt as well as the consumer's E-consent is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
CD

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2116187

6 of 8

XXXX

Compliance

TRID - Loan Estimate/Missing

XXXX

There is no evidence of a complete Loan Estimate provided in the loan file. As a result testing for timing and tolerance could not be completed. XXXX Title XXXX, Part XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX 2 (01/XXXX/XXXX XXXX:XXPM)
LE

Response 1 (XX/XX/XXXX XX:XXPM)
The referenced documentation was not received. Please provide for review. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2116187

7 of 8

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

Not all required credit reports are within the file. Guidelines require a Gap Credit Report within XXXX days of the Note date. Credit report in file is dated XX/XX/XXXX and the Note date is XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Updated Credit Report

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2116187

8 of 8

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158773

1 of 4

XXXX

Compliance

Note - Signature Discrepancy

XXXX

The signature on the note has been signed as an individual (XXXX) instead of as entity (XXXX).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
SEE ATTACHED.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158773

2 of 4

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The signature on the mortgage, XXXX-XXXX rider, PPP rider and title insurance identification rider has been signed as an individual (XXXX) instead of as entity (XXXX).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
SEE ATTACHED AOC

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158773

3 of 4

XXXX

Credit

Credit Report - Aged

XXXX

The loan file contains an exception to allow a credit report to be aged to XXXX days, guidelines state the XXXX is XXXX days. Determined non-material based on compensating factors (waived).

Waived

Compensating Factors: DSCR >XXXX, experienced investor

XXXX

2158773

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158772

1 of 4

XXXX

Compliance

Note - Signature Discrepancy

XXXX

The signature on the Note and Note addendum has been executed as only an individual (XXXX) instead of as the entity (XXXX).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
SEE ATTACHED.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158772

2 of 4

XXXX

Compliance

Security Instrument - Signature Discrepancy

XXXX

The signature on the Mortgage/Deed of Trust, XXXX-XXXX Rider, Title Insurance Identification Rider, and PPP Rider has been executed as only an individual (XXXX) instead of as the entity (XXXX).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
SEE ATTACHED AOC

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158772

3 of 4

XXXX

Credit

Credit Report - Aged

XXXX

The loan file contains an exception to allow a credit report to be aged to XXXX days, guidelines state the XXXX is XXXX days. Determined non-material based on compensating factors (waived).

Waived

Compensating Factors: XXXX+ mons reserves, experienced investor

XXXX

2158772

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2156412

1 of 4

XXXX

Compliance

Note - Signature Discrepancy

XXXX

The Note and Note XXXX has been signed as only individual (XXXX) rather than as the entity (XXXX).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
SEE ATTACHED.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156412

2 of 4

XXXX

Compliance

Security Instrument - Signature Discrepancy

XXXX

The XXXX, XXXX-XXXX Rider, Title Insurance Identification Rider, and PPP Rider has been signed as only individual (XXXX rather than as the entity (XXXX).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
SEE ATTACHED AOC

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156412

3 of 4

XXXX

Credit

Credit Report - Aged

XXXX

The loan file contains an exception to allow a credit report to be aged to XXXX days, guidelines state the XXXX is XXXX days. Determined non-material based on compensating factors (waived).

Waived

Compensating Factors: XXXX+ mons reserves, experienced investor

XXXX

2156412

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153495

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153495

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153495

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2155480

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155480

2 of 5

XXXX

Credit

DSCR - Missing background check

XXXX

DSCR - Missing background check. Missing background check per guidelines. The loan file is missing the background check, to include XXXX/judgment, bankruptcy, experience, and foreclosure search. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Fraud Report

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2155480

3 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. The loan file contained an investor exception to allow a XXXX+ unit property. XXXX non-material based on compensating factors. (Waived)

Waived

Compensating factors: XXXX. XXXX% LTV. XXXX months of reserves.

XXXX

2155480

4 of 5

XXXX

Credit

Final Application - Inaccurate

XXXX

Final Application - Inaccurate. The Final Application does not accurately reflect the verified information as in the loan file. Section 3 of the XXXX for borrower XXXX reflects the subject property with XXXX mortgages on the subject property. The application must reflect accurate information to include the mortgage(s) associated with the subject property. The subject property was owned free and clear and a revised XXXX for borrower XXXX is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Updated XXXX

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
corrected XXXX

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
Corrected XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
Liabilities section 2 is not supposed to include mortgages. Mortgages should be listed in the REO section matching mortgages to properties owned. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Application still reflects an exiting mortgage on the subject at supplication of $XXXX, which is not accurate. The subject was free and clear. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2155480

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX which supported the appraised value.

Cleared

XXXX

2137033

1 of 4

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the addition to the following fees was not accepted: Rate Lock Extension. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached COC disclosure package and the corresponding disclosure tracking,

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2137033

2 of 4

XXXX

Credit

Mortgage History - Missing/Incomplete

XXXX

An exception was requested for housing history less than required. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached exception for this condition.

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Compensating factors: XXXX, LTV XXXX%, DTI XXXX%, Residual income $XXXX/month.

XXXX

2137033

3 of 4

XXXX

Credit

Program Parameters - Property Type

XXXX

The subject loan does not meet Program Parameters for Property Type. Per guides, minimum square footage is XXXX square feet. The subject unit is XXXX Square feet.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
see attached

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Attached is the exception granted by the investor.

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
Investor approved to waive.

Response 1 (XX/XX/XXXX XX:XXAM)
Exception must be granted by Investor. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Investor approved to waive based on compensating factors. (Waived)

Compensating factors: XXXX, LTV XXXX%, DTI XXXX%, Residual income $XXXX/month.

XXXX

2137033

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score is XXXX.

Cleared

XXXX

2158771

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2158771

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The lender provided an exception to allow for a rural property. Considered non-material based on compensating factors (waived)

Waived

Compensating factors: XXXX, XXXX mos reserves

XXXX

2158771

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2156411

1 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156411

2 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The borrowing entity consists of XXXX members, XXXX with XXXX% membership and XXXX with XXXX% membership which has a sole member XXXX. Guidelines require all guarantors must provide a limited application, photo XXXX, background report and credit report with guarantor meeting minimum credit score requirements. The loan file was missing the limited application, photo XXXX, background report and credit report for the guarantor XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2156411

3 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided for "vesting entity to change its management structure after loan submission". Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Determined non-material based on compensating factors (waived).

Comp Factors - XXXX and XXXX DSCR

XXXX

2156411

4 of 5

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

XXXX provided for "XXXX% co-insurance for each of the subject's XXXX hazard insurance policies". Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Determined non-material based on compensating factors (waived).

Comp Factors - XXXX and XXXX DSCR

XXXX

2156411

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2156410

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156410

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines the underwriter is required to perform a XXXX search of the XXXX and Entity. The required XXXX searches for both the XXXX and Entity are missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2156410

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided to accept a private party VOM without supporting XXXX months of timely payments. Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX non-material based on compensating factors (Waived).

Compensating Factors: XXXX+ year credit history, Experienced Investor owning > XXXX rentals

XXXX

2156410

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153536

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153536

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153536

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2139929

1 of 8

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Exhibit B to the Loan Agreement was not filled out. This includes Entity name, Lender name, Entity loan section, and missing signatures.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
SEE ATTACHED

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2139929

2 of 8

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender.

Acknowledged

XXXX

2139929

3 of 8

XXXX

Compliance

Note - Incomplete

XXXX

The Note, XXXX, and Loan Agreement do not disclose the Members title with the Entity on the signature line.

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
States BY on signature line

Response 1 (XX/XX/XXXX XX:XXPM)
The borrower is an entity. The borrower’s name does not include their title, however the entity name and “By” is included bringing this to an EV2 exception. (Acknowledged)

XXXX

2139929

4 of 8

XXXX

Compliance

Note - Name Discrepancy

XXXX

Page one of the Loan Agreement lists the borrower as an individual. It should list the entity name

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
SEE ATTACHED.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2139929

5 of 8

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The XXXX section was inconsistent with the Security Instrument signatures.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Mortgage

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2139929

6 of 8

XXXX

Compliance

Security Instrument - Incomplete

XXXX

Name Incomplete. The Mortgage and all riders do not disclose the Members Title with the Entity on the signature lines.

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
States BY on signature line.

XXXX

2139929

7 of 8

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2139929

8 of 8

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2139930

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Acknowledged

XXXX

2139930

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2139930

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153534

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153534

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file contains a lender exception to request a XXXX-day extension for a expired Credit Report (expired XX/XX/XXXX and extended to EOD XX/XX/XXXX). XXXX state credit reports are good for only XXXX days. Determined non-material based on compensating factors (waived).

Waived

Compensating Factors: DSCR greater than XXXX, LTV is XXXX% less than max LTV, borrower has lived in primary for XXXX plus years.

XXXX

2153534

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2133206

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2133206

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

The lender provided an exception to allow XXXX% LTV with a XXXX. Considered non-material based on compensating factors (waived)

Waived

Compensating factors: XXXX XXXX reserves, experienced investor

XXXX

2133206

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which did not support original appraised value therefore a field review was provided and supported. As this was a 2nd valuation product, per the rating agencies this is graded an EV2.

Cleared

XXXX

2153494

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153494

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

The loan has a prepayment term that does not conform to the requirements for the lender's license type in the state where the property is located. The state of XXXX allows for a maximum XXXX months prepayment term, the loan has a XXXX months prepayment term. The loan fails the prepayment test by XXXX months.

Acknowledged

XXXX

2153494

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153494

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2137494

1 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2137494

2 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the vested entity guidelines the underwriter must perform a google search of the borrower and entity (XXXX). The required google searches for the borrower and vested entity are missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
google search uploaded

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2137494

3 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
google search uploaded

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2137494

4 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided to allow XXXX's membership interest in vesting entity to be amended from XXXX% to XXXX% after the application date. Determined non-material based on compensating factors (waived).

Waived

Compensating Factors: XXXX, Excess reserves greater than XXXX months

XXXX

2137494

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2136060

1 of 9

XXXX

Compliance

Appraisal Notice - Missing

XXXX

Acknowledged

XXXX

2136060

2 of 9

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2136060

3 of 9

XXXX

Credit

Debts - Not Verified

XXXX

The loan file is missing proof of HOI for XXXXXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2136060

4 of 9

XXXX

Credit

Program Parameters - Other

XXXX

The loan file is missing proof that XXXX iscurrently active.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2136060

5 of 9

XXXX

Credit

Program Parameters - Other

XXXX

The lender provided an exception to allow a non-arms length transaction on a XXXX XXXX bank statement loan. Considered non-material based on compensating factors (waived)

Waived

Compensating Factors: XXXX, Low DTI

XXXX

2136060

6 of 9

XXXX

Credit

Program Parameters - Other

XXXX

The lender provided an exception to allow a rural property. Considered non-material based on compensating factors (waived)

Waived

Compensating Factors: XXXX, Low DTI

XXXX

2136060

7 of 9

XXXX

Credit

Program Parameters - Other

XXXX

The loan file is missing the sellers privately held mortgage note which is needed to validate the mortgage history provided. Much like verifying rent with a private landlord, which requires a lease, a copy of the note is needed for the subject transaction.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached exception and VOM along with payment receipts.

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Compensating Factors: XXXX, Low DTI

XXXX

2136060

8 of 9

XXXX

Credit

Program Parameters - Other

XXXX

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached exception and VOM along with payment receipts.

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Compensating Factors: XXXX, Low DTI

XXXX

2136060

9 of 9

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2156409

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156409

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2156409

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158720

1 of 5

XXXX

Compliance

HOC - Late

XXXX

Unable to determine if the Homeownership Counseling Disclosure (HOC) dated XX/XX/XXXX was disclosed within XXXX days of the application date. Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.20(a)(1)

Acknowledged

XXXX

2158720

2 of 5

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. XXXX. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2158720

3 of 5

XXXX

Compliance

TRID - Initial LE/Delivery Date (from application)

XXXX

Unable to determine if the initial LE issued on XX/XX/XXXX was within XXXX business days of application date. The application date is XX/XX/XXXX, which is after the initial LE was issued. Unable to determine the exact application date due to this discrepancy.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
SEE ATTACHED

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158720

4 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158720

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2156408

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156408

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines the underwriter is required to perform a XXXX search of the XXXX and Entity. The required XXXX searches for both the XXXX and Entity are missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2156408

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided to accept a private party VOM without supporting XXXX months of timely payments. Determined non-material based on compensating factors (waived).

Waived

Compensating Factors: XXXX+ year credit history, Experienced Investor owning > XXXX rentals

XXXX

2156408

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2133205

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2133205

2 of 4

XXXX

Credit

DSCR - Missing background check

XXXX

Missing background check per guidelines. The loan file is missing a background report for the borrowing entity to include a judgment a lien search.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2133205

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided for "The entity documentation to be allowed to be signed after the initial application ." Determined non-material based on compensating factors (waived).

Waived

comp factors XXXX months reserves DSCR 1.XXXX XXXX

XXXX

2133205

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2156407

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156407

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines the underwriter is to perform a XXXX search of Borrower and Entity. The loan file is missing the required XXXX searches for Borrower and Entity.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX seaech

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2156407

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2158695

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2158695

2 of 3

XXXX

Credit

Credit Report - Aged

XXXX

The loan file contains a lender exception for the Credit Report being over XXXX days at time of closing. XXXX non-material based on compensating factors. (Waived)

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX non-material based on compensating factors

Compensating factors: FICO of XXXX, experienced investor

XXXX

2158695

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2144875

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2144875

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided for " allow for ltv XXXX% with a fico of XXXX minimum needs to be XXXX ." Determined non-material based on compensating factors (waived).

Waived

comp factors dscr XXXX reserves over XXXX months payment history on cbr

XXXX

2144875

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2136065

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2136065

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136065

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153533

1 of 7

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note is incomplete: The Note was executed by an entity, but the entity documents are not executed. Unable to determine if signatures on note are accurate.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
SEE ATTACHED SIGNED OA

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153533

2 of 7

XXXX

Compliance

Note - Signature Discrepancy

XXXX

The borrower is an entity. The borrowers name on the Loan Agreement does not include their title or 'By' bringing this to an EV2 exception.

Acknowledged

XXXX

2153533

3 of 7

XXXX

Compliance

Note - Signature Discrepancy

XXXX

The borrower is an entity. The borrowers name on the Note and PPP does not include their title, however the entity name and 'By' is included bringing this to an EV2 exception.

Acknowledged

XXXX

2153533

4 of 7

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Mortgage was executed by an entity, but the entity documents are not executed. Unable to determine if signatures on mortgage are accurate.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
SEE ATTACHED SIGNED OA

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153533

5 of 7

XXXX

Compliance

Security Instrument - Signature Discrepancy

XXXX

The borrower is an entity. The borrowers name on the Mortgage and XXXX-XXXX Rider does not include their title, however the entity name and 'By' is included bringing this to an EV2 exception.

Acknowledged

XXXX

2153533

6 of 7

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. The subject loan was delivered a XXXX% LTV cash out refinance with a qualifying XXXX. Lender guidelines require an Automatic Payment Authorization (ACH) Form to be included in the loan file for a cashout refinance transaction with a qualifying score of less than XXXX, and the loan file did not contain the required ACH form filled out and signed/dated by borrower as required. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
SEE ATTACHED ACH

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153533

7 of 7

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Escalated.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
SEE ATTACHED.

Response 1 (XX/XX/XXXX XX:XXAM)
Upon further review, a CDA is required for cash-out refinance transactions. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2130392

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2130392

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2130392

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2136071

1 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2136071

2 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note is incomplete: XXXX has not been signed by the borrower as well as the date of 'legally bound' has been left blank.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2136071

3 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

According to guidelines all guarantors are required to provide a limited application which includes the name, address, date of birth, Social Security Number, and citizenship, authorization for a credit report and background report, with credit scores meeting the minimum qualifying score, and Identification documentation such as a driver's license or passport for all guarantors. The loan file contained a driver's license; however, did not contain any of the other required documentation for the non-borrowing guarantor, XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2136071

4 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided to allow no tradelines for the guarantor . Determined non-material based on compensating factors (waived).

Waived

comp factors: dscr XXXX experienced investor ltv XXXX

XXXX

2136071

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. the loan file contains a cda dated XX/XX/XXXX which supports the apprised value.

Cleared

XXXX

2144881

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2144881

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144881

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158719

1 of 4

XXXX

Compliance

HUD1 - Not Final

XXXX

It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158719

2 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158719

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158719

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2153443

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153443

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153443

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158718

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2158718

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158718

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2144892

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2144892

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided to allow borrower to proceed with XXXX months of reserves less than the XXXX months required. Determined non-material based on compensating factors (waived).

Waived

Compensating Factors: Favorable DSCR XXXX, XXXX+ year credit history

XXXX

2144892

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2144887

1 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note is incomplete: XXXX has not been signed by the borrower.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
SEE ATTACHED ..

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2144887

2 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Acknowledged

XXXX

2144887

3 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file contains a lender exception to allow XXXX% LTV with a XXXX-fico score. XXXX guidelines required XXXX Fico score required to do a XXXX% LTV purchase XXXX product. Determined non-material based on compensating factors (waived).

Waived

Compensating Factors: Excess reserves $XXXX DSCR greater than XXXX.

XXXX

2144887

4 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file contains a lender exception to allow the fact the borrower rents out his multi-family primary home to count as his investor experience. XXXX guidelines state that borrower must have owned an investment property for at least XXXX months in the past XXXX years. Determined non-material based on compensating factors (waived).

Waived

Compensating Factors: Excess reserves $XXXX DSCR greater than XXXX.

XXXX

2144887

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2136075

1 of 5

XXXX

Compliance

Appraisal Notice - Missing

XXXX

Acknowledged

XXXX

2136075

2 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2136075

3 of 5

XXXX

Credit

Program Parameters - Other

XXXX

A personal Guaranty is required from one or more owners representing a majority ownership interest and any individual whose assets were used to qualify for the loan. (XXXX% or more). The following are missing for XXXX XXXX) A limited application that includes their name, address, date of birth, social security number, and citizenship XXXX) An authorization for a credit report and background report XXXX) Identification documentation must be provided as in a driver's license, passport, or similar

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See the attached Guarantor package for XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2136075

4 of 5

XXXX

Credit

Program Parameters - Other

XXXX

The lender provided an exception to allow for a condo unitless than XXXX. Considered non-material based on compensating factors (waived).

Waived

Compensating factors: XXXX, XXXX mos reserves

XXXX

2136075

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2153493

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153493

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines, all guarantors must provide the following: XXXX) A limited application that includes their name, address, date of birth, social security number, and citizenship XXXX) An authorization to obtain a credit report and background report XXXX) Identification documentation as in a driver's license, passport, or similar. The loan file is missing the required documentation for XXXX (XXXX% ownership of LLC). There is a correction to the ownership of XXXX to XXXX% in the loan file BUT the executed resolution reflects XXXX% ownership to each.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153493

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158769

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For on the revised CD issued on XX/XX/XXXX. XXXX. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2158769

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

The loan filecontains a lender exception to allow exception to finance a property located in a rural market area. XXXX guidelines state no rural properties. Determined non-material based on compensating factors (waived).

Waived

Compensating Factors: Borrower has DTI XXXX percent less than maximum DTI, borrower has lived in primary for XXXX plus years, fico score is XXXX points greter than minimum fico score. Borrowers fico score XXXX.

XXXX

2158769

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX.

Cleared

XXXX

2153492

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153492

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

According to guidelines all guarantors arerequired to provide a limited application which includes the name, address,date of birth, Social Security Number, and citizenship, authorization for acredit report and background report, with credit scores meeting the minimumqualifying score, and Identification documentation such as a driver's XXXX passport for all guarantors. The loan file did not contain any of therequired documentation for the non-borrowing guarantor, XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
guarantor docs

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2153492

3 of 4

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The loan was missing current hazard insurance policy on the subject property with sufficient coverage/replacement cost.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
RCE and EOI uploaded

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2153492

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153491

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153491

2 of 3

XXXX

Credit

Program Parameters - Cash-Out Amount

XXXX

The subject loan exceeds the Program Parameters for cash out amount. XXXX provided for borrower receiving cash-out in the amount of $XXXX, which exceeds the maximum allowed amount of cash-out of $XXXX due to credit score. Determined non-material based on compensating factors (waived).

Waived

Comp Factors - Experienced Long-Term Investor and 0x30x12 on all mortgages.

XXXX

2153491

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153490

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153490

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

The lender provided an exception to allow XXXX% LTV. Considered non-material based on compensating factors (waived)

Waived

Compensating factors: XXXX, XXXX mos reserves

XXXX

2153490

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2158235

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2158235

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158235

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score is XXXX.

Cleared

XXXX

2141182

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2141182

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2141182

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU dated XX/XX/XXXX with a score of XXXX was provided and supported the appraised value.

Cleared

XXXX

2156405

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156405

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2156405

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines the underwriter is to perform a XXXX search of the XXXX and Entity. The loan file is missing the required XXXX searches for XXXX and Entity.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXAM)
Still missing search on XXXX. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2156405

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2136074

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2136074

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136074

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contains a cda dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153444

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153444

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153444

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2136080

1 of 4

XXXX

Compliance

HUD1 - Not Final

XXXX

It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX

Acknowledged

XXXX

2136080

2 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2136080

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136080

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2156404

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The Lender executed Loan Agreement has not been provided for review. (Acknowledged)

XXXX

2156404

2 of 4

XXXX

Credit

Debts - Not Verified

XXXX

The loan file is missing proof of PITIA for the following undisclosed properties: XXXX XXXX, XXXX, XXXX, XXXX, XXXX, XXXX, XXXX. The loan file is missing proof of taxes and insurance for XXXX XXXX and XXXX. Further, the properties located at XXXX, XXXX, XXXX, XXXX, XXXX, XXXX, XXXX, and XXXX were recently refinanced; however, evidence of the new PITIA is not present in the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Documentation uploaded.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
there are properties that are cross collaterized. A. XXXX XXXX ( PITI from statement is $XXXX ) XXXX – Attached $XXXX b. EOI – Attached $XXXX c. Tax Bill – Attached Taxes $XXXX d. XXXX XXXX XXXX – Attached $XXXX b. EOI – Attached $XXXX c. Tax Bill – Attached $XXXX d. MTG Statement – Owned Free and Clear REFER TO THE ENCLOSED EMAIL #XXXX- SEE RELEASE C. XXXX XXXX – Attached $XXXX b. EOI – Attached $XXXX c. Tax Bill – Attached $XXXX d. XXXX – Attached-REFER TO THE ENCLOSED EMAIL #XXXX D. XXXX Briarcliff a. Lease – Attached $XXXX b. EOI – Attached $XXXX c. Tax Bill – Attached $XXXX d. XXXX – Attached-REFER TO THE ENCLOSED EMAIL #XXXX e. E. XXXX a. Lease – Attached $XXXX b. EOI – Attached $XXXX c. Tax Bill – Attached $XXXX d. MTG Statement – Attached-REFER TO THE ENCLOSED EMAIL #XXXX F. XXXX – Sold XX/XX/XXXX- SEE PROFILE G. XXXX a. Lease – Attached $XXXX b. EOI – Attached $XXXX c. Tax Bill – Attached $XXXX d. XXXX and Clear-REFER TO THE ENCLOSED EMAIL #XXXX H. XXXX Ansel. XXXX – Attached $XXXX b. EOI – Attached $XXXX c. Tax Bill – Attached $XXXX d. XXXX and Clear-REFER TO THE ENCLOSED EMAIL #XXXX per email: XXXX-Notation provided from broker indicated property is Free and Clear, Property profile indicates a lien as of XXXX/XXXX. Provide documentation supporting property is free and clear Attached is XXXX. XXXX XXXX-collateralized payment history is not acceptable. Provide the monthly Payment amount and Balance. I am confused at this request, I provided the payment history and balances for the lien held against this property by XXXX? There is nothing else to provide other than documentation showing that this property is held on this lien. Please see below for a history of this lien from XXXX and the supporting documents. XXXX. XXXX collateralized payment history is not acceptable. Provide the monthly Payment amount and Balance. I am confused at this request, I provided the payment history and balances for the lien held against this property by XXXX? There is nothing else to provide other than documentation showing that this property is held on this lien. Please see below for a history of this lien from XXXX and the supporting documents. XXXX. XXXX-Cross-collateralized payment history is not acceptable. Provide the monthly Payment amount and Balance. I am confused at this request, I provided the payment history and balances for the lien held against this property by XXXX? There is nothing else to provide other than documentation showing that this property is held on this lien. Please see below for a history of this lien from XXXX and the supporting documents. XXXX. XXXX XXXX - Notation provided from broker indicated property is Free and Clear, Property profile indicates a lien as of XXXX/XXXX. Provide documentation supporting property is free and clear. The lien you are referencing was paid off as part of this request. We used the cashout that was paid at closing. I am attaching the Payoff Letter and Allocation and you can match that with what was paid at closing. Releases have not hit the county website yet. XXXX. XXXX-XXXX-XXXX provided from broker indicated property is Free and Clear, Property profile indicates a lien as of XXXX/XXXX. Provide documentation supporting property is free and clear. The lien you are referencing was paid off as part of this request, you would not have done any of these loans if it was not paid off. We used the cashout that was paid at closing. I am attaching the Payoff Letter and Allocation and you can match that with what was paid at closing. Releases have not hit the county website yet. HISTORY OF XXXX Lien Loan #XXXX (Loan Statement Attached) XX/XX/XXXX – XXXX Loan Docs Attached - Original Mortgage Docs Attached - Collateral is XXXX, XXXX, XXXX, XXXX, XXXX, XXXX, XXXX, XXXX, XXXX, XXXX XX/XX/XXXX - XXXX, XXXX, XXXX, XXXX, XXXX, XXXX from Loan (See Attached Releases from their county - This leaves XXXX, XXXX, XXXX, XXXX, XXXX XX/XX/XXXX - Loan was modified to change to change the terms after the releases (See attached Modification) XX/XX/XXXX - XXXX Property Released which was sold (Release Attached) - This leaves XXXX, XXXX, XXXX, XXXX XX/XX/XXXX - XXXX was released (see attached Release) - This leaves XXXX, XXXX, front as the only properties on this loan.

Response 1 (XX/XX/XXXX XX:XXPM)
Still missing proof of PITIA for the following undisclosed properties: XXXX XXXX, XXXX, XXXX, XXXX, XXXX, XXXX, XXXX. The loan file is missing proof of taxes and insurance for XXXX XXXX and XXXX. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2156404

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The loan file is missing the most current leases for XXXX. Leases required are as follows (per the management rent roll provided). C01- XXXX $XXXX, C-XXXX XXXX $XXXX, XXXX $XXXX, XXXX $XXXX, XXXX $XXXX, C-XXXX XXXX $XXXX, (C-XXXX VACANT), XXXX $XXXX, XXXX $XXXX, XXXX $XXXX, XXXX $XXXX, D-XXXX XXXX $XXXX, XXXX $XXXX, D-XXXX $XXXX, XXXX $XXXX, XXXX $XXXX, XXXX $XXXX, D-XXXX XXXX $XXXX, (D-XXXX VACANT), XXXX $XXXX, XXXX $XXXX, XXXX $$XXXX, XXXX $XXXX, XXXX $XXXX, XXXX $XXXX, D-XXXX $XXXX, D-XXXX $XXXX, XXXX $XXXX. The loan file is missing the most current leases for the following properties: XXXX XXXX, XXXX, XXXX XXXX, XXXX , XXXX XXXX, XXXX XXXX, and XXXX XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Documentation uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2156404

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2156403

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156403

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guidelines state if the borrower is living rent free then XXXX months most recent verification of rent paid to the borrower of $XXXX is required; which could not be located within the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2156403

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2156402

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156402

2 of 4

XXXX

Credit

Debts - Not Verified

XXXX

Resolved

XXXX

2156402

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Documentation uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2156402

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2156401

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156401

2 of 4

XXXX

Credit

Debts - Not Verified

XXXX

Resolved

XXXX

2156401

3 of 4

XXXX

Credit

Income - Missing or Incomplete Lease Agreement

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Documentation uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2156401

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2153532

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153532

2 of 4

XXXX

Compliance

State Testing - Late Fees Test

XXXX

This loan failed the late fees test. The loan has late fees that do not conform to the requirements for the lender's license type in the state where the property is located. The state regulation of XXXX allows for a maximum XXXX% late fee, the loan has a XXXX% late fee. The loan fails the late fees test by XXXX%.

Acknowledged

XXXX

2153532

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153532

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2156400

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2156400

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2156400

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2156399

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156399

2 of 4

XXXX

Credit

Debts - Not Verified

XXXX

Resolved

XXXX

2156399

3 of 4

XXXX

Credit

Income - Missing or Incomplete Lease Agreement

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Documentation uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2156399

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158717

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2158717

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158717

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2156398

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156398

2 of 4

XXXX

Credit

Debts - Not Verified

XXXX

Resolved

XXXX

2156398

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Documentation uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2156398

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2156397

1 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156397

2 of 5

XXXX

Credit

Debts - Not Verified

XXXX

Resolved

XXXX

2156397

3 of 5

XXXX

Credit

Income - Missing or Incomplete Lease Agreement

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Documentation uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2156397

4 of 5

XXXX

Credit

Verification Documentation - VVOE Salaried/Aged

XXXX

A VVOE is required within XXXX Business Days of the Note Date. The VVOE in file is dated XX/XX/XXXX which is expired as of the Note date XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
vvoe

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2156397

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153531

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153531

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153531

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153530

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153530

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2153530

3 of 4

XXXX

Credit

Appraisal - Other

XXXX

Lender exception provided to allow a transferred appraisal greater than the required XXXX days aged. XXXX non material based on compensating factors (waived).

Waived

Compensating factors: XXXX DSCR, XXXX.

XXXX

2153530

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX supportive of value.

Cleared

XXXX

2139955

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Acknowledged

XXXX

2139955

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file contains a lender exception to allow a borrower with a XXXX fico score to finance to XXXX% LTV. XXXX require an LTV greater than XXXX% requires a borrower to have a fico XXXX plus. Determined non-material based on compensating factors (waived).

Waived

Compensating Factors: Years at present address XXXX years, XXXX year credit history, no derogatory credit history.

XXXX

2139955

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153529

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

Pages one and four of the Loan Agreement are missing the Borrower's name.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
SEE ATTACHED.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153529

2 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender.

Acknowledged

XXXX

2153529

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153529

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. he loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2156396

1 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156396

2 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note incomplete: The loan agreement pg XXXX was notarized on XX/XX/XXXX while on loan agreement exhibit b was dated on XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
corrected XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156396

3 of 5

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The notary date precedes the borrower's execution date. The Mortgage/Deed of Trust and XXXX-XXXX Rider was signed by the borrower on XX/XX/XXXX while the notary has dated XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
mortgage / rider with correction

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156396

4 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided for "allow to approved for rents and lives within XXXX miles of subject but rent free and marketing for rent ." Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Determined non-material based on compensating factors (waived).

comp factors experienced investor dscr XXXX ltv XXXX%

XXXX

2156396

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158768

1 of 4

XXXX

Compliance

HUD1 - Not Final

XXXX

Acknowledged

XXXX

2158768

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2158768

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158768

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2158767

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158767

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Program Parameters - Other. According to guidelines all guarantors are required to provide a limited application which includes the name, address, date of birth, Social Security Number, and citizenship, authorization for a credit report and background report, with credit scores meeting the minimum qualifying score, and Identification documentation such as a driver's license or passport for all guarantors. The loan file did not contain any of the required documentation for the non-borrowing guarantor, XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2158767

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. Other. Guideline requirement has not been met. DSCR - Program Parameters - Other. XXXX provided to allow borrower living rent free purchasing subject property within XXXX miles of their residence. Determined non-material based on compensating factors (waived).

Waived

comp factors dscr XXXX reserves over XXXX months

XXXX

2158767

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158766

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158766

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

According to guidelines all guarantors are required to provide a limited application which includes the name, address, date of birth, Social Security Number, and citizenship, authorization for a credit report and background report, with credit scores meeting the minimum qualifying score, and Identification documentation such as a driver's license or passport for all guarantors. The loan file did not contain any of the required documentation for the non-borrowing guarantor, XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2158766

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. DSCR - Program Parameters - Other. The loan file is missing lender exception for --- to allow borrower living rent free purchasing subject property within XXXX miles of their residence.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Per guidelines, an exception for a borrower living “Rent Free” and within XXXX miles of the subject property is only required if the subject property is vacant. If the property is occupied, the exception is not required. Please waive.

Response 1 (XX/XX/XXXX XX:XXPM)
Explanation received is sufficient. (Void)

Compensating factors:

XXXX

2158766

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158765

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158765

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. DSCR - Program Parameters - Other. The loan file is missing XXXX to allow borrower living rent free purchasing subject property within XXXX miles of their residence.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Escalated.

Response 1 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Void)

XXXX

2158765

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2158765

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2156395

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156395

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2156395

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2158716

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs upoaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158716

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. Any business structure is limited to a maximum of three layers. Any business structure that exceeds three layers will be considered on a case-by-case basis. A layer is when the borrowing entity is owned by another entity. The file has four layers entities are XXXX) XXXX XXXX) XXXX, XXXX) XXXX, and XXXX) XXXX. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
CLOSING ENTITY VESTING: XXXX XXXX – XXXX IS OWNED XXXX% BY XXXX XXXX – XXXX IS OWNED XXXX% BY XXXX & XXXX% BY XXXX. XXXX - XXXX IS OWNED XXXX% BY XXXX AND XXXX IS OWNER XXXX% BY B1

Response 1 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Resolved)

XXXX

2158716

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2158715

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158715

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Resolved

Response 1 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Resolved)

XXXX

2158715

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2158714

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158714

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Resolved

Response 1 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Resolved)

XXXX

2158714

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2158713

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158713

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Resolved

Response 1 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Resolved)

XXXX

2158713

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2156394

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2156394

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided for " all dscr financing for rent free within XXXX miles of subject (vacant) ." Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX non-material based on compensating factors (waived).

comp factors dscr XXXX assets over XXXX months experienced

XXXX

2156394

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153528

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153528

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Borrower 1 was XXXX%/XXXX% owner of the borrowing entity, XXXX, with a non-borrower, XXXX. Lender guidelines require a Personal Guaranty to be signed by one or more owners representing a majority ownership (XXXX%). However the loan file did not contain XXXX signed by both guarantors since they own XXXX%/XXXX% ownership need XXXX signature on the Guaranty. Personal guaranties from a community property state, XXXX, must be accompanies by a signature from the gurantor's spouse. XXXX) Missing backjground check for XXXX. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
SEE ATTACHED

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153528

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file contains a lender exception to allow addendum showing XXXX/XXXX percent ownership and removal of a non active business after application date. One is the borrower and one is a guarantor so both are signing and have to qualify. Determined non-material based on compensating factors (waived).

Waived

Compensating Factors: DSCR over XXXX%, fico score

XXXX

2153528

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2156393

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Documents provided

Response 1 (XX/XX/XXXX XX:XXPM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2156393

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file contains a lender exception to allow cash-out financing to XXXX% the borrowers FICO score is XXXX points below minimum required for cash-out. Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Determined non-material based on compensating factors (waived).

Compensating factors: 0x30 primary, XXXX+ mons PITI

XXXX

2156393

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153527

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153527

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines the underwriter is to perform a XXXX search of the borrower and entity. The XXXX search for the borrower is missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX search

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2153527

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153526

1 of 6

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153526

2 of 6

XXXX

Compliance

State Regulations

XXXX

This loan failed the late fees test. (XXXX. Fin. Code §XXXX)The loan has late fees that do not conform to the requirements for the lender's license type in the state where the property is located

Acknowledged

XXXX

2153526

3 of 6

XXXX

Credit

Condo - Other

XXXX

XXXX provided for XXXX% investor concentration for a non-warrantable condo. maximum is XXXX%. Determined non-material based on compensating factors (waived).

Waived

Comp Factors - Experienced Long-Term Investor and XXXX months reserves.

XXXX

2153526

4 of 6

XXXX

Credit

Condo - Other

XXXX

XXXX provided for subject condo project involved in XXXX litigations. Determined non-material based on compensating factors (waived).

Waived

Comp Factors - Experienced Long-Term Investor and XXXX months reserves.

XXXX

2153526

5 of 6

XXXX

Credit

Program Parameters - LTV

XXXX

XXXX provided for XXXX% investor concentration for a non-warrantable condo with an LTV of XXXX%. XXXX is XXXX% with a maximum LTV of XXXX%. Determined non-material based on compensating factors (waived).

Waived

Comp Factors - Experienced Long-Term Investor and XXXX months reserves.

XXXX

2153526

6 of 6

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144900

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2144900

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144900

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2153525

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Acknowledged

XXXX

2153525

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

This loan failed the prepayment test. The loan has a prepayment term does not conform to the State Regulations where the property is located. The state of XXXX allows for XXXX% prepayment penalty with a maximum XXXX prepayment term, the loan has a XXXX% prepayment penalty with a XXXX prepayment term. The loan fails the prepayment test by XXXX% and XXXX months.

Acknowledged

XXXX

2153525

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153525

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2142499

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender.

Acknowledged

XXXX

2142499

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

The subject loan closed in the name of an Entity, XXXX. The investor guidelines required an executed Resolution granting authority of signer to enter loan obligation and a XXXX search of the entity. The Resolution was provided; however, was not signed by the guarantor. The required XXXX search of the entity was also not provided as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX and resolution uploaded

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
entity XXXX search

Response 1 (XX/XX/XXXX XX:XXAM)
Individual search provided, Entity search was not provided.

Response 2 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2142499

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2139963

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2139963

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2139963

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2139918

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2139918

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2139918

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153486

1 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Acknowledged

XXXX

2153486

2 of 5

XXXX

Credit

DSCR - Missing background check

XXXX

Per the guidelines a background report including a search for liens and judgments on the entity must be completed. The required background report for the borrowing entity is missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
background

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2153486

3 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines guarantors are required to complete a limited application that includes their name, address, date of birth, social security number and citizenship. The limited application is missing from the loan file for guarantor XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
guarantor doc

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2153486

4 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines guarantors must provide authorization for a credit report and background check. Additionally, guarantors must meet the credit and background requirements set forth in the guide. The required documents are missing from the loan file for guarantor XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
guarantor doc

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2153486

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153524

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153524

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2153524

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines the underwriter is required to perform a google search of the XXXX. The required google searches for the borrower and entity are missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
google search

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153524

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153523

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153523

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153523

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153522

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153522

2 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note is incomplete: The Loan Agreement is missing Pg XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153522

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153522

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153521

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153521

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided for "allow to proceed and close XXXX/XXXX using a credit report over XXXX days ." Determined non-material based on compensating factors (waived).

Waived

comp factors: XXXX experienced DSCR XXXX

XXXX

2153521

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports a appraised value.

Cleared

XXXX

2158764

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158764

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines the underwriter is required to perform a Google search of the XXXX. The required google searches for the borrower and both entities are missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See the attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2158764

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2158763

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158763

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines the underwriter is required to perform a Google search of the XXXX. The required google searches for the borrower and both entities are missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See the attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2158763

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153520

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Acknowledged

XXXX

2153520

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines the underwriter is required to perform a XXXX search of the Borrower and the Entity. The required XXXX searches for Borrower XXXX and XXXX are missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See the attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153520

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153484

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note is incomplete: the loan agreement addendum is missing the lenders signature.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153484

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153484

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153519

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153519

2 of 4

XXXX

Credit

Assets - Bank Statements

XXXX

Assets were required in the amount of $XXXX ($XXXX closing costs + $XXXX reserves). Assets were verified in the amount of $XXXX with a XXXX day bank statement from XXXX bank acct #XXXX. Per the guidelines; XXXX days of account activity is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
2mo bank statement account XXXX XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2153519

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file contains a lender exception to allow the use of the lease for qualification with XXXX months verification of rent paid to the borrower when guidelines require XXXX months to use the higher amount of the lease. Determined non-material based on compensating factors (waived).

Waived

Compensating factors: High XXXX, Experienced investor

XXXX

2153519

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153483

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Acknowledged

XXXX

2153483

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153483

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153518

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153518

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153518

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2153481

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153481

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file contains a lender exception to waive the guideline requirement for an executed ACH form on Cash-Out refinances over XXXX% LTV. Determined non-material based on compensating factors (waived).

Waived

Compensating factors: DSCR >XXXX, XXXX+ mons PITI

XXXX

2153481

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153480

1 of 5

XXXX

Compliance

HUD1 - Not Final

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153480

2 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153480

3 of 5

XXXX

Credit

DSCR - Missing background check

XXXX

The background check including a lien/judgment search for XXXX could not be located within the loan file and this is the name of the business the loan closed in per the Note.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
background

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2153480

4 of 5

XXXX

Credit

Program Parameters - LTV

XXXX

Per the appraisal the subject property is in a declining market, guidelines require a XXXX% LTV reduction. The max LTV/CLTV with a XXXX score is XXXX%, but with the XXXX% LTV reduction XXXX allowed is XXXX% but the loan closed at XXXX% LTV/CLTV.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
exception

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX. XXXX DSCR. Experienced Investor.

XXXX

2153480

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153517

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153517

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153517

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153516

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153516

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153516

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153515

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153515

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153515

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2139922

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Acknowledged

XXXX

2139922

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines guarantors are required to complete a limited application that includes their name, address, date of birth, social security number and citizenship. Guarantors must provide authorization for a credit report and background report. The guarantor must meet the credit and background requirements set forth and credit scores must meet the program minimum qualify score. The loan file is missing the required documents for entity member XXXX. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2139922

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2142504

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Acknowledged

XXXX

2142504

2 of 3

XXXX

Credit

Assets - Other

XXXX

The Operating Agreement for XXXX provided by the XXXX was not executed. The Operating Agreement was provided to verify access to the XXXX acct #XXXX that was used for closing costs and reserves.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2142504

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. the loan file contains a CDA dated XX/XX/XXXX that supports the appraised value.

Cleared

XXXX

2156390

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
PG. XXXX of XXXX has been provided and does not address the Lender Executed Loan Agreement. Please provided Lender Executed Loan Agreement for review. (Acknowledged)

XXXX

2156390

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2156390

3 of 3

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. The CU score is XXXX and the CDA was missing from the loan file. Guidelines require a CDA for cash-out refinances.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
CDA

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
CDA uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX property is XXXX A. CDA is for XXXX A. (Upheld)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2158762

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2158762

2 of 3

XXXX

Credit

Title Commitment - Other

XXXX

The loan file contains a lender exception to allow a vesting aka name to change to the business at closing. Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX non-material based on compensating factors (waived).

Compensating factors: FICO 20 pts higher than min, Experienced investor

XXXX

2158762

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153514

1 of 4

XXXX

Compliance

HUD1 - Not Final

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153514

2 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153514

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153514

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2158761

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2158761

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file is missing the background check for the other guarantors XXXX owns XXXX% ownership and Yvonne XXXX XXXX% ownership. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
SEE ATTACHED

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2158761

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file is missing the the signed dated personal guaranty representing the majority ownership of (XXXX%). XXXX, guarantor signed the Guaranty with XXXX% ownership, however missing the other guarantors signature XXXX XXXX% ownership and XXXX XXXX% ownership to make up the XXXX% ownership. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
SEE ATTACHED -

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2158761

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2142505

1 of 4

XXXX

Compliance

HUD1 - Not Final

XXXX

It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2142505

2 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2142505

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2142505

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2158760

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158760

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guidelines require the borrower to fully execute the ACH form on any cash-out refinance over XXXX%, the subject is a cash-out refinance at XXXX% but the executed ACH form was not located within the loan file.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached exception

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by investor. (Waived)

XXXX. XXXX DSCR. Experienced Investor.

XXXX

2158760

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2156389

1 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For on the revised CD issued on XX/XX/XXXX. Credit Report Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2156389

2 of 4

XXXX

Credit

Debts - Not Verified

XXXX

The loan file is missing the final HUD, verifying net proceeds to borrower of no less than $XXXX, and verification of loan terms for the refinance of XXXX XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
See the attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation not received. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2156389

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The loan file is missing the statement ending XX/XX/XXXX for XXXX. Guidelines require the most recent XXXX months business bank statements as of the initial application date of XX/XX/XXXX

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See the attached exception

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX% LTV. $XXXX per month residual income. XXXX months of reserves.

XXXX

2156389

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2153478

1 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Acknowledged

XXXX

2153478

2 of 5

XXXX

Credit

DSCR - Missing background check

XXXX

The background located within the loan file is for XXXX but the background check including a lien/Judgment search for XXXX could not be located within the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153478

3 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file contains a lender exception to allow a borrower living rent free purchasing a vacant property within XXXX miles of the subject property which guidelines will not allow. Determined non-material based on compensating factors (waived).

Waived

Compensating factors: DSCR >XXXX, XXXX+ rental experience

XXXX

2153478

4 of 5

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The hazard insurance policy including the required $XXXX in liability insurance coverage could not be located within the loan file, which is required by guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see email from insurance agent attached confirming liability insurance on the policy.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2153478

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2144909

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2144909

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144909

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2156387

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Documents provided

Response 1 (XX/XX/XXXX XX:XXPM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2156387

2 of 3

XXXX

Credit

DSCR - Missing background check

XXXX

Missing background check per guidelines. The entity is missing the full background showing liens and judgements.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
background

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2156387

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158712

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158712

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158712

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158693

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2158693

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. XXXX provided for transferred appraisals not allowed on multi-unit properties. Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX non-material based on compensating factors (Waived).

Compensating factors: LTV is XXXX% less than max LTV and FICO is XXXX points greater than min fico score.

XXXX

2158693

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153477

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153477

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Borrower 1 was XXXX%/XXXX% owner of the borrowing entity, XXXX, with a non-borrower, XXXX. Lender guidelines require a Personal Guaranty to be signed by one or more owners representing a majority ownership (XXXX%). The loan file contained the Guaranty signed/dated by both borrowers. However, the loan file did not contain a XXXX) limited application that includes name, address, date of birth, social security number, and citizenship XXXX) authorization for credit report XXXX) background check for the non-borrowing guarantor as required. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2153477

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2158711

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158711

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158711

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2156386

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156386

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

According to guidelines all guarantors are required to provide a limited application which includes the name, address, date of birth, Social Security Number, and citizenship, authorization for a credit report and background report, with credit scores meeting the minimum qualifying score, and Identification documentation such as a driver's license or passport for all guarantors. The loan file did not contain any of the required documentation for the non-borrowing guarantor, XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
guarantor docs

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2156386

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153474

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153474

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153474

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153473

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153473

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153473

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158759

1 of 4

XXXX

Compliance

HUD1 - Not Final

XXXX

It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is not sufficient to clear the finding. The HUD provided is not signed or stamped as True and Certified. Please provide a signed or stamped True and Certified for review. (Acknowledged)

XXXX

2158759

2 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158759

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158759

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153508

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153508

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file contains a lender exception to waive the completed ACH form which is required for cash-out refinance with less than a than a XXXX. Determined non-material based on compensating factors (waived).

Waived

Compensating factors: XXXX mons PITI, LTV XXXX% less than XXXX

XXXX

2153508

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153472

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153472

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided for "allow for fee over XXXX % and XXXX and only XXXX% of it to be financed. ." Determined non-material based on compensating factors (waived).

Waived

comp factors FICO XXXX DSCR XXXX experienced

XXXX

2153472

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153471

1 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153471

2 of 5

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The vesting reflected on the title report reflects the property held in XXXX, a designated series of XXXX. A deed transferring ownership interest from XXXX, a designated series of XXXX to XXXX. is required to confirm ownership interest in the new mortgage.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Confirming vesting of: XXXX, a designated series of XXXX, a XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153471

3 of 5

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The borrower's name on page XXXX of the Security Instrument is inconsistent with the Note. The borrower is XXXX however the vesting reflects XXXX, a designated series of XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Confirming name of company is correct on the Note

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153471

4 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Missing background check. The loan file is missing the required entity background search for the entity, XXXX, to include liens and judgments search. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See the attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2153471

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2142469

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following sections of the note are incomplete: The Loan Agreement addendum is missing the lenders signature.

Acknowledged

XXXX

2142469

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2142469

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2153468

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153468

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153468

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2142510

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2142510

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file contains a lender exception to allow living rent free within XXXX miles of subject property. The letter in the file states borrower lives with mother as she has for the past XXXX years. XXXX state that it is not eligible when borrower is living rent-free and the subject property is within XXXX miles of primary residence. Determined non-material based on compensating factors (waived).

Waived

Compensating Factors: Borrower owns three investment properties, all in the XXXX area for more than a few years. Assets cover XXXX months’ reserves. DSCR XXXX.

XXXX

2142510

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153467

1 of 4

XXXX

Compliance

Compliance Finding - Missing Business Purpose Documentation

XXXX

There are additional XXXX. Missing the following Business purpose documentation: the reason listed on the Business Certification of Business Purpose for the cash out " Reimburse the cash used" is not an acceptable reason. More specific information is needed for the purpose of the cash out.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153467

2 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note is incomplete: the loan agreement addendum is missing the lenders signature.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153467

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153467

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153466

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Acknowledged

XXXX

2153466

2 of 3

XXXX

Credit

Assets - Other

XXXX

The XXXX checking acct ending in XXXX includes an asset statement dated XX/XX/XXXX. Guidelines required XXXX days worth of seasoned verified funds, please provide the XXXX/XXXX for the XXXX acct ending in XXXX. These funds are required for funds to close and XXXX months reserve requirements.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX. experienced Investor.

XXXX

2153466

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153465

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153465

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153465

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158758

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158758

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines the underwriter is required to perform a Google search of the XXXX. The required google searches for the borrower and both entities are missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See the attached Google Searches

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2158758

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2158694

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2158694

2 of 3

XXXX

Credit

Program Parameters - Number of Units

XXXX

The loan file contains a lender exception to allow financing on a XXXX-XXXX unit property in XXXX which requires an exception. Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Determined non-material based on compensating factors (waived).

Compensating factors: DSCR >XXXX, XXXX+ mons reserves

XXXX

2158694

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158692

1 of 3

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The borrower did not initial page XXXX of the Mortgage.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The pg. XXXX of the Mortgage provided is not for the subject loan. Please provide pg. XXXX for subject loan for review. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158692

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided for " allow property type XXXX-XXXX units to finance this purchase for an experienced investor in XXXX." Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX non-material based on compensating factors (Waived).

comp factors fico XXXX dscr XXXX

XXXX

2158692

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. the loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153442

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153442

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153442

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2153462

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153462

2 of 5

XXXX

Credit

Assets - Cash to Close

XXXX

Funds to close required for subject closing were $XXXX ($XXXX EMD + $XXXX XXXX $XXXX funds due at closing + $XXXX reserves). Assets were verified in the amount of $XXXX. As a result, funds for closing were short $XXXX. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Documentation uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153462

3 of 5

XXXX

Credit

Assets - Other

XXXX

Guidelines state in order to use retirement accounts for reserves the terms and conditions to XXXX from the XXXX acct ending in XXXX must be provided but could not be located within the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached. Note that the 401k is actually via XXXX – the originator inadvertently listed XXXX which are actually the funds held within the 401k.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2153462

4 of 5

XXXX

Credit

DSCR - Missing background check

XXXX

Per the guidelines, a background report including a liens and judgments search is required on the borrowing entity. The loan file contained a background check with status, but the background including the liens and judgments was not located within the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Documentation uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153462

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158710

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158710

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158710

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2156383

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156383

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2156383

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158756

1 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158756

2 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. Guidelines require evidence of XXXX months’ rent received if lease amount is used for qualification and lease amount is less than XXXX% greater than the market rent or if market rent plus XXXX% is used for qualifying. The subject loan was qualified using the lease amount, which was greater than the market rent but within XXXX% above the market rent; however, no evidence of rent receipt was present in the loan file.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
base off the executive summary the lower of the rent was used, $XXXX.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
exception

Response 1 (XX/XX/XXXX XX:XXAM)
The market rent was $XXXX. The lease of $XXXX was used. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

Comp Factors - XXXX months reserves and LTV XXXX%

XXXX

2158756

3 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided for operating agreement dated after application date. Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Determined non-material based on compensating factors (waived).

Comp Factors - XXXX months reserves and LTV XXXX%

XXXX

2158756

4 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided for subject property acreage exceeds maximum allowed of XXXX acres. Subject property consists of XXXX acres. Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Determined non-material based on compensating factors (waived).

Comp Factors - XXXX months reserves and LTV XXXX%

XXXX

2158756

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158709

1 of 3

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fee was not accepted: Points- Loan Discount Fee. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
SEE ATTACHED CD

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158709

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

The lender provided an exception to allow for a rural property. Considered non-material based on compensating factors (waived).

Waived

Compensating factors: Low DTI, Low LTV

XXXX

2158709

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. he loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2158755

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158755

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided for modifications to the entity ownership structure after the application date. Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Determined non-material based on compensating factors (waived).

Comp Factors - Experienced Long-Term Investor, DSCR XXXX and XXXX

XXXX

2158755

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153460

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153460

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153460

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153459

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153459

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153459

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153506

1 of 5

XXXX

Compliance

TRID - CD - Loan Information/Loan Type

XXXX

The CD issued on XX/XX/XXXX does not reflect the correct Loan Type. The Loan Type is reflected as Other; however it should be Conventional. Truth in XXXX (Regulation Z) 12 CFR 1026.38(a)(5)(iv)

Acknowledged

XXXX

2153506

2 of 5

XXXX

Credit

Debts - Not Verified

XXXX

The loan file is missing verification of the terms of therefinance for XXXX XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
The property sold on XXXX/XXXX - please see attached

Response 1 (XX/XX/XXXX XX:XXAM)
Please clarify. This is not a final CD. Will this be a sale? If not, CD will need to reflect the new PITI. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153506

3 of 5

XXXX

Credit

Program Parameters - Other

XXXX

The lender provided an exception to allow the co-borrower to not meet FICO requirements. Considered non-material based on compensating factors (waived).

Waived

Compensating Factors: XXXX mos reserves, Low DTI

XXXX

2153506

4 of 5

XXXX

Credit

Verification Documentation - VVOE Salaried/Missing

XXXX

A VVOE is missing from the loan file. The loan file is missing a VVOE for the co-borrower.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXAM)
VVOE provided does not contain a date. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153506

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2153458

1 of 4

XXXX

Compliance

State Testing - Late Fees Test

XXXX

Acknowledged

XXXX

2153458

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2153458

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153458

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153505

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153505

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153505

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153457

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153457

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153457

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153456

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153456

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153456

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153504

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153504

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153504

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2156377

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156377

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

.According to guidelines all guarantors are required to provide a limited application which includes the name, address, date of birth, Social Security Number, and citizenship, authorization for a credit report and background report, with credit scores meeting the minimum qualifying score, and Identification documentation such as a driver's license or passport for all guarantors. The loan file did not contain any of the required documentation for the non-borrowing guarantor, XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See the attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2156377

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158752

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158752

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158752

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2156376

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156376

2 of 3

XXXX

Credit

Credit - Other

XXXX

The loan file contained an exception for cash-out seasoning; however, the exception was not required due to the subject seasoning is XXXX months and the minimum required is XXXX months. According to the HUD settlement statement from the purchase, the property was purchased on XX/XX/XXXX. The subject note date is XX/XX/XXXX; therefore, the minimum of XXXX months seasoning is met. (Resolved).

Resolved

XXXX

2156376

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158751

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158751

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file is missing the XXXX letter from borrower sister XXXX for property address XXXX XXXX XXXX. There are two gift letters one for $XXXX. and the other for $XXXX. showing on the XXXX statement from XXXX # XXXX. The file does contain the XXXX XXXX Statement showing funds available in XXXX account that can be transferred. The XXXX letter in the file is for property XXXX-XXXX which is a different property than the subject property. Additional conditions may apply.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX has sufficient funds for closing and reserves: $XXXX at XXXX, $XXXX XXXX (joint account, bank access letter attached), and $XXXX with XXXX mutual. Please clarify what is needed to clear this condition.

Response 1 (XX/XX/XXXX XX:XXPM)
Nothing additional is required. (Void)

XXXX

2158751

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file contains a lender exception to waive entity fee (part of XXXX pack). Deteremined non-material based on compensating factors (Waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX non-material based on compensating factors (Waived).

Compensating Factors: XXXX score XXXX, experienced investor.

XXXX

2158751

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2158750

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158750

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158750

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2158749

1 of 7

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158749

2 of 7

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2158749

3 of 7

XXXX

Credit

Debts - Not Verified

XXXX

The loan file is missing proof of the XXXX debt listed on the final XXXX with a monthly payment of $XXXX

Void

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Borrower has XXXX payments left with XXXX totaling in the amount of $XXXX.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Escalated.

Response 1 (XX/XX/XXXX XX:XXPM)
Please provide evidence of the same. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Explanation received is sufficient. (Void)

XXXX

2158749

4 of 7

XXXX

Credit

Debts - Not Verified

XXXX

The loan file is missing verificationof loan terms for the bridge loan taken against XXXX-XXXX Paxton.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2158749

5 of 7

XXXX

Credit

Program Parameters - Other

XXXX

The loan file is missing proof of good standing for XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The LLC was formed on XX/XX/XXXX, the good standing is not needed.

Response 1 (XX/XX/XXXX XX:XXPM)
Explanation received is sufficient. (Resolved)

XXXX

2158749

6 of 7

XXXX

Credit

Program Parameters - Other

XXXX

The lender provided an exception to allow the use of the Field Review vs Desk Review to support appraised value. Considered non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Considered non-material based on compensating factors (waived).

Compensating factors: XXXX, XXXX mos reserves

XXXX

2158749

7 of 7

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a field review, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2158748

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158748

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2158748

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158748

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2156414

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156414

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file contains a lender exception to allow the subject to be vacant with a DSCR below XXXX. Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Determined non-material based on compensating factors (waived).

Compensating factors: FICO 40 pts higher than min, XXXX+ mons reserves

XXXX

2156414

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158747

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158747

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158747

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153454

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Acknowledged

XXXX

2153454

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153454

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153452

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153452

2 of 3

XXXX

Credit

Debts - Not Verified

XXXX

The loan file is missing proof of the sale of XXXX XXXX.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
contract for sale XXXX

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
EXCEPTION

Response 1 (XX/XX/XXXX XX:XXPM)
This does not appear to be a cash sale and the financing section has not been removed. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. XXXX% LTV. XXXX months of reserves.

XXXX

2153452

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2153451

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Acknowledged

XXXX

2153451

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

According to guidelines all guarantors are required to provide a limited application which includes the name, address, date of birth, Social Security Number, and citizenship, authorization for a credit report and background report, with credit scores meeting the minimum qualifying score, and Identification documentation such as a driver's license or passport for all guarantors. The loan file did not contain any of the required documentation for the non-borrowing guarantor, XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153451

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2156372

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156372

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2156372

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158746

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158746

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Borrower 1 was XXXX%/XXXX% owner of the borrowing entity, XXXX, with non-borrower, XXXX. Lender guidelines require a Personal Guaranty to be signed by one or more owners presenting a majority ownership (XXXX%). The loan file contained the Guaranty for both guarantors. However, the loan file did not contain a XXXX) limited application that includes name, address, date of birth, social security number, and citizenship XXXX) authorization for credit report and XXXX) background check for the non-borrowing guaranty XXXX as required. Additional conditions may apply.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
email approving guarantor waiver

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX% LTV. Experienced Investor. XXXX months of reserves.

XXXX

2158746

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153450

1 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153450

2 of 5

XXXX

Credit

Program Parameters - Loan Purpose

XXXX

The loan file contains a lender exception to allow the loan to close as a no cash-out refinance already vested in the name of the business name when should be considered a purchase. Determined non-material based on compensating factors (waived).

Waived

Compensating factors: DSCR >XXXX, XXXX+ months XXXX

XXXX

2153450

3 of 5

XXXX

Credit

Program Parameters - Other

XXXX

The loan file contains a lender exception to allow the payoff of a land contract with verification of XXXX months payments instead of the required XXXX months payments. Determined non-material based on compensating factors (waived).

Waived

Compensating factors: DSCR >XXXX, XXXX+ months XXXX

XXXX

2153450

4 of 5

XXXX

Credit

Program Parameters - Property Type

XXXX

The loan file contains a lender exception to allow financing on the subject which is less than the required minimum XXXX square feet at XXXX square feet. Determined non-material based on compensating factors (waived).

Waived

Compensating factors: DSCR >XXXX, XXXX+ months XXXX

XXXX

2153450

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153503

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153503

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153503

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153448

1 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153448

2 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Waived

Compensating factors: DSCR >XXXX, XXXX+ months XXXX

XXXX

2153448

3 of 5

XXXX

Credit

Program Parameters - Loan Purpose

XXXX

Waived

Compensating factors: DSCR >XXXX, XXXX+ months XXXX

XXXX

2153448

4 of 5

XXXX

Credit

Program Parameters - Property Type

XXXX

Waived

Compensating factors: DSCR >XXXX, XXXX+ months XXXX

XXXX

2153448

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2156371

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156371

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2156371

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158745

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2158745

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158745

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2156370

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156370

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2156370

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158744

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158744

2 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note are incomplete: The Exhibit B of the Loan agreement is missing the Entity name above the signatures, also signed on the incorrect line as well as on the Natural borrower line, and is missing the printed name.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
SEE ATTACHED.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158744

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file is missing the required entity background search for the entity, XXXX, to include liens and judgments search. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
SEE ATTACHED.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2158744

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153501

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153501

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153501

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2156369

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156369

2 of 3

XXXX

Credit

DSCR - Missing background check

XXXX

Missing background check per guidelines. The loan file is missing the background for entity XXXX, missing liens and judgements.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2156369

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153447

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153447

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2153447

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Borrower 1 was XXXX%/XXXX% owner of the borrowing entity, XXXX, with a non-borrower, XXXX. Lender guidelines require a Personal Guaranty to be isgned by one or more ownersrepresenting a majority ownership (XXXX%). The loan file contained the Guaranty for both guarantors. However, the loan file did not contain a XXXX) limited application that includes name, address, date of birth, social security number, and citizenship XXXX) authorization for credit report XXXX) and backround check, or a XXXX) picture XXXX as driver's license, passport, or similar for the non-borrowering guarantor as required. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2153447

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2158708

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158708

2 of 4

XXXX

Compliance

Security Instrument - Missing Rider/Addendum

XXXX

The Prepayment Rider is missing. Please provide the executed rider and a revised mortgage document, which includes the necessary corrections on page XXXX. The borrower is required to initial the changes made.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please note we only have the XXXX to the Note (we do not provide a Rider to the DOT)

Response 1 (XX/XX/XXXX XX:XXPM)
Finding voided. (Void)

XXXX

2158708

3 of 4

XXXX

Credit

DSCR - Missing background check

XXXX

Guidelines require a business background check including a lien and judgment search in the name of the business the loan closed in which is: XXXX. Background located within the loan file is for XXXX. Please provide a background check for XXXX. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2158708

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158707

1 of 4

XXXX

Compliance

TRID - 10% Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: Title - Examination Fee and Title - Settlement Fee. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
COC provided.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
SEE ATTACHED TRID CURE

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The COC provided is for a Third Party Fee. being removed on the CD issued on XX/XX/XXXX. The tolerance violation is or the increase to the fees Title - Settlement fee and Title - Examination fee. Please provide a XXXX for the increase to these fees for review. A cost to cure in the amount of $XXXX remains. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158707

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. XXXX. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2158707

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158707

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2156368

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156368

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

According to guidelines all guarantors are required to provide a limited application which includes the name, address, date of birth, Social Security Number, and citizenship, authorization for a credit report and background report, with credit scores meeting the minimum qualifying score, and Identification documentation such as a driver's license or passport for all guarantors. The loan file did not contain any of the required documentation for the non-borrowing guarantor, XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Documentation uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
Please provide evidence of satisfaction for the following: $XXXX judgement XXXX XX/XX/XXXX, $XXXX State tax lien XX/XX/XXXX, and $XXXX State tax lien XX/XX/XXXX. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2156368

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158743

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158743

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158743

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153446

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

Response 2 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153446

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153446

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158742

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158742

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided for " allow for property to be a rural property ."Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX non-material based on compensating factors (Waived).

comp factors ltv XXXX% credit XXXX

XXXX

2158742

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided for " allow to proceed to maintain a dscr XXXX + ." ?Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX non-material based on compensating factors (Waived).

comp factors XXXX ltv XXXX

XXXX

2158742

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which support the appraised value.

Cleared

XXXX

2158741

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158741

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158741

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153500

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153500

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153500

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153499

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

Response 3 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153499

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153499

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX6 which supports the appraised value.

Cleared

XXXX

2158705

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158705

2 of 4

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The borrower did not date Pg XXXX of the XXXX-XXXX Rider.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Please see the attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158705

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158705

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2156365

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156365

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2156365

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines the underwriter is to perform a XXXX search of the XXXX and Entity. The required XXXX searches for both the XXXX and Entity are missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2156365

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2158740

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158740

2 of 3

XXXX

Credit

Program Parameters - LTV

XXXX

The LTV does not meet the program eligibility guidelines. Per guides, the maximum LTV for STR cash out refinance is XXXX%. The subject loan is a STR cash out refinance and the LTV is XXXX%, which exceeds the max of XXXX%.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Request to revisit. XXXX was utilized in calculation. See the attached UW comment.

Response 1 (XX/XX/XXXX XX:XXPM)
Explanation received is sufficient. (Void)

XXXX

2158740

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153498

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153498

2 of 4

XXXX

Credit

Debts - Not Verified

XXXX

The loan file is missing proof of HOA for XXXX XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
See the attached

Response 1 (XX/XX/XXXX XX:XXPM)
Statement provided does not contain an amount. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153498

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The lender provided an exception to allow for XXXX units being under XXXX. Considered non-material based on compensating factors (waived).

Waived

Compensating Factors: XXXX XXXX reserves, experienced investor

XXXX

2153498

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2156363

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156363

2 of 3

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The loan file contains a lender exception to allow co-insurance which guidelines will not allow. Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX non-material based on compensating factors (Waived).

Compensating factors: DSCR >XXXX, XXXX+ mons PITI

XXXX

2156363

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158739

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158739

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided for " all approval for living rent free within XXXX miles of the subject -XXXX miles away ." Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX non-material based on compensating factors (Waived).

comp factor XXXX XXXX

XXXX

2158739

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158704

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2158704

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158704

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2158703

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2158703

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158703

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153497

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153497

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153497

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158738

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The Lender executed Loan agreement has not been provided for review. Please provide Lender executed Loan Agreement for review. (Acknowledged)

XXXX

2158738

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

According to guidelines all guarantors are required to provide a limited application which includes the name, address, date of birth, Social Security Number, and citizenship, authorization for a credit report and background report, with credit scores meeting the minimum qualifying score, and Identification documentation such as a driver's license or passport for all guarantors. The loan file did not contain any of the required documentation for the non-borrowing guarantor, XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Documentation uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2158738

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided for "allow a personal guarantor (for vesting entity XXXX to have fico score that is less than program minimum XXXX XXXX but has XXXX ." Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX non-material based on compensating factors (Waived).

comp factors LTV XXXX primary with XXXX years plus experienced

XXXX

2158738

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158702

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158702

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided for " Maximum LTV for XXXX is XXXX% approved to XXXX% ." Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX non-material based on compensating factors (Waived). ?

comp factor fico XXXX dscr XXXX reserves over XXXX months

XXXX

2158702

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158701

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

XXXX

2158701

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158701

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158736

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158736

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158736

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2156361

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2156361

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

The lender provided an exception to proceed with only XXXX mos residential history for the borrower. Considered non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Considered non-material based on compensating factors (waived).

Compensating Factors: Low LTV, XXXX mos reserves

XXXX

2156361

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2158734

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The XXXX agreement provided is not for this loan. Please provide XXXX for this loan. (Acknowledge)

XXXX

2158734

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158734

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2158733

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158733

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158733

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2158732

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the borrower or notarized.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
loan agreement

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158732

2 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158732

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158732

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2158700

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The loan agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158700

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2158700

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

A personal Guaranty is required from one or more owners representing a majority ownership interest and any individual whose assets were used to qualify for the loan. (XXXX% or more). The following are required for XXXX as they were the second party to sign the Guaranty Agreement. XXXX) A limited application that includes their name, address, date of birth, social security number, and citizenship XXXX) An authorization for a credit report and background report XXXX) Identification documentation must be provided as in a driver's license, passport, or similar

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
guarantor background

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2158700

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2158731

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Acknowledged

XXXX

2158731

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines a background check that includes a search for liens and judgments for the entity is required. The loan file is missing the required background check for the entity.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
background

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2158731

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153496

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153496

2 of 4

XXXX

Credit

Debts - Not Verified

XXXX

The loan file is missing proof HOA for XXXX XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See the attached

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
See the attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation not received. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153496

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The lender provided an exception to allow for XXXX units being under XXXX. Considered non-material based on compensating factors (waived).

Waived

Compensating Factors: XXXX XXXX reserves, experienced investor

XXXX

2153496

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2158699

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158699

2 of 3

XXXX

Credit

Verification Documentation - VOR

XXXX

Per the final XXXX the borrower is living rent free but the rent free letter from the owner of XXXXXXXX, XXXX XXXX, along with verification the B1 has no ownership interest could not be located within the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Please see the attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2158699

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158730

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158730

2 of 4

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The Borrowers name on the Security Instrument is inconsistent with the title. The Title reflects current vested interest is XXXX, and individual; however, the mortgage lists XXXX, Married, herein joined by spouse, XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
per title there is no issue. please see email.

Response 1 (XX/XX/XXXX XX:XXAM)
The information provided is sufficient to clear the finding. (Resolved)

XXXX

2158730

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158730

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158729

1 of 4

XXXX

Compliance

HUD1 - Not Final

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158729

2 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158729

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2158729

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158728

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158728

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2158728

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158728

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2158727

1 of 3

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Mortgage is missing the notary acknowledgement.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158727

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158727

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports appraised value.

Cleared

XXXX

2158726

1 of 5

XXXX

Compliance

HUD1 - Not Final

XXXX

It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX

Acknowledged

XXXX

2158726

2 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158726

3 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines XXXX months of reserves is required for DSCR less than XXXX. The cash back in the amount of $XXXX was used towards the required reserves of $XXXX; which leaves a reserve shortage of $XXXX. The loan file included one monthly XXXX bank statement that does not identify the borrower as account holder and therefore was not used. Two monthly asset statements that reflect the borrower as the account holder; reflecting a minimum balance for the reserves shortage is needed to meet the reserve requirement.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
with the cash out proceeds of subject loan and the other transaction, borrower has enough reserves. please see attached Final settlement statement of the other property refinanced cash out.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2158726

4 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines a background check for the entity that includes a search for liens and judgments is required. The required background check is missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
background

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2158726

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2156360

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156360

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2156360

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports a appraised value.

Cleared

XXXX

2156359

1 of 5

XXXX

Compliance

TRID - CD - Loan Information/Loan Type

XXXX

The CD issued on XX/XX/XXXX does not reflect the correct Loan Type. The Loan Type is reflected as Other; however it should be Conventional. Truth in XXXX (Regulation Z) 12 CFR 1026.38(a)(5)(iv)

Acknowledged

XXXX

2156359

2 of 5

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. XXXX. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2156359

3 of 5

XXXX

Credit

Program Parameters - Other

XXXX

XXXX provided to allow financing for property that exceeds XXXX acreage of XXXX acres. Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX non-material based on compensating factors (waived).

Compensating Factors: XXXX+ year credit history, Excess Reserves from cash back exceeds XXXX months.

XXXX

2156359

4 of 5

XXXX

Credit

Program Parameters - Property Type

XXXX

XXXX provided to allow property located in a rural area. Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX non-material based on compensating factors (waived).

Compensating Factors: XXXX+ year credit history, Excess Reserves from cash back exceeds XXXX months.

XXXX

2156359

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2158725

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158725

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guidelines require the borrower have investment property experience by owning an investment property for XXXX months in the past XXXX months but verification of other property ownership to verify this could not be located within the loan file. There is a REO schedule the B1 prepared but this is not 3rd party verification which is required, there is no ownership interest in the primary residence per the XXXX month mortgage statements. Please provide verification of investment property ownership for XXXX months within the past XXXX months. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2158725

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158724

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158724

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158724

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158723

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158723

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158723

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2158722

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2158722

2 of 3

XXXX

Credit

DTI - Exceeds Guidelines

XXXX

The DTI at audit of XXXX% exceeds lenders DTI of XXXX% and XXXX program DTI of XXXX%. The source of the DTI variance is income calculation related, however the exact cause could not be specifically identified by auditor as the lenders provided docs are not consistent. The final XXXX, XXXX, approval and executive summary do have the same income of $XXXX. The final XXXX breaks that down to $XXXX for XXXX and $XXXX for XXXX with the executive summary specifically stating that income was derived from XXXX averages. There are two separate word doc income calcs in file (added to support file). Doc #XXXX shows XXXX amounts matching the XXXX XXXX’s provided for XXXX. Doc #XXXX adds the XXXX XXXX’s for XXXX. In addition the lender provided a standard self employment cash flow worksheet showing a standard self employment cash flow for “delivery” from the XXXX XXXX Sched C infile. The Sched C for “delivery” is assumed by the auditor to be the income for the borrowers employment with XXXX although the XXXX’s in file don’t exactly match the gross income on Sched C of $XXXX, however the only other Sched C is for “XXXX”. The lenders cash flow adds back mileage depreciation for XXXX business miles, but those miles are actually deducted from “XXXX” and not “Delivery”. The calculated cash flow income of $XXXX does match the final XXXX, however the mileage depreciation deduction cannot be added back as, per the Executive Summary, the borrower qualified by averaging XXXX’s and not with a standard self employment calc.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Please see attached XXXX transcripts to clear this condition.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Please see XXXX XXXX Transcripts

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX Income was averaged for XXXX and XXXX. Please provide the XXXX XXXX Transcripts. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
XXXX XXXX transcripts only supported income of $XXXX for the year. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX. XXXX% LTV. XXXX months of reserves.

XXXX

2158722

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2158721

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2158721

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158721

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value

Cleared

XXXX

2153194

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153194

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153194

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2138591

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The date the document was executed and the name/signature of the borrowers is missing on Exhibit B of the referenced loan agreement.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Exhibit B

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2138591

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2138591

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX which supported the appraised value.

Cleared

XXXX

2145917

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2145917

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2145917

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2145906

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2145906

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2145906

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX.

Cleared

XXXX

2152588

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152588

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152588

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2138592

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The loan agreement is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
A Loan Agreement is not required. Please clear.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Executed Loan Agreement and Exhibit B

Response 1 (XX/XX/XXXX XX:XXPM)
The notes specially states it is executed in conjunction with the Loan Agreement and Reference is made to the Loan Agreement. There is not an executed loan agreement in the file, the note is incomplete without the referenced loan agreement. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2138592

2 of 4

XXXX

Compliance

Note - Signature Discrepancy

XXXX

The borrower is an entity however the XXXX was signed as Individual and as Member. Page one of mortgage only listed the entity and Title only listed borrower as entity.

Acknowledged

XXXX

2138592

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2138592

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2138593

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The loan agreement is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Loan Agreement not required. Please Clear.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Executed Loan Agreement and Exhibit B

Response 1 (XX/XX/XXXX XX:XXPM)
The notes specially states it is executed in conjunction with theLoan Agreement and Reference is made to the Loan Agreement. There is not anexecuted loan agreement in the file, the note is incomplete without thereferenced loan agreement. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2138593

2 of 4

XXXX

Compliance

Note - Signature Discrepancy

XXXX

The borrower is an entity however the XXXX was signed as Individual and as Member. Page one of mortgage only listed the entity and Title only listed borrower as entity.

Acknowledged

XXXX

2138593

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2138593

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2145907

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2145907

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2145907

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2138594

1 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan agreement referenced in section 7 and XXXX of the note is missing. " This Note is executed in conjunction with the Loan Agreement".

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
i am unclear and think this is invalid. there is no loan agreement in our loan file. what note is referencing this agreement?

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Loan Agreement and Exhibit B

XXXX

2138594

2 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note is incomplete: the Loan Agreement is not executed by the Lender. (Acknowledged)

Acknowledged

XXXX

2138594

3 of 5

XXXX

Compliance

Security Instrument - Missing Rider/Addendum

XXXX

The following referenced Riders are missing: The XXXX-XXXX Family Rider referenced in section (E) Riders is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
recorded dot w/ rider

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2138594

4 of 5

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
HOI policy

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Email from HOI agent and HOI policy

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation not received. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2138594

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Cleared

XXXX

2156453

1 of 3

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2156453

2 of 3

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The subject is located in a condo minimum project. The XXXX insurance declaration pages with coverage limits for the complex was not provided as required. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Master policy attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2156453

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2153132

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153132

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153132

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2145904

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2145904

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2145904

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX

Cleared

XXXX

2153195

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153195

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153195

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2140078

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2140078

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2140078

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2136963

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2136963

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136963

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2153193

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153193

2 of 4

XXXX

Credit

Assets - Other

XXXX

The total required funds were closing funds in the amount of $XXXX which includes the EMD funds plus reserves in the amount of $XXXX for total required funds of $ XXXX. A XXXX account # XXXX in the name of XXXX was provided. The investor guidelines required the Operating Agreement that details ownership of the entity and access to funds. Additionally, a retirement account with TIAA, page XXXX only was provided. The investor guidelines required full statements to include terms of withdrawal and vested balance. The terms of withdrawal, vested balance and full statement were not provided. Either of the XXXX or TIAA retirement, if properly documented, would satisfy the required funds for the transaction. Without these documents, the borrower is short of the required closing funds and reserves in the amount of $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The loan file contained a Heloc which was used to close on the transaction, ending balance is $XXXX.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153193

3 of 4

XXXX

Credit

Contract - Concessions

XXXX

The Closing Disclosure reflected Seller Concessions in the amount of $XXXX. The Closing Disclosure reflected total borrower's closing cost in the amount of $XXXX. The amount paid by the seller exceeded the total borrowers cost by $XXXX which resulted in an adjusted sales price of $XXXX and LTV of XXXX%. Maximum LTV based on investor guidelines was XXXX%.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Not sure what this means, the total seller credit is within XXXX allowable guidelines of XXXX% of sales price.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
See revised executed HUD attached with all closing costs involved, (Page XXXX-XXXX)

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX concessions can only exceed borrower costs by an amount that does not cause the LTV to exceed guidelines. In this case excessive seller concessions resulted in an LTV over XXXX%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153193

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2159573

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2159573

2 of 4

XXXX

Credit

Assets - Other

XXXX

The total required funds were closing funds in the amount of $XXXX which includes the EMD funds plus reserves in the amount of $XXXX for total required funds of $ XXXX. A retirement account with TIAA, page XXXX only was provided. The investor guidelines required full statements to include terms of withdrawal and vested balance. The terms of withdrawal, vested balance and full statement were not provided. Without proper verification of these funds, the borrower is short of the required closing funds and reserves in the amount of $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The loan file contained a Heloc which was used to close on the transaction, ending balance is $XXXX.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2159573

3 of 4

XXXX

Credit

Contract - Concessions

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Not sure what this means, the total seller credit is within XXXX allowable guidelines of XXXX% of sales price.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
XXXX attached

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
Attaching the note amendment

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX concessions can only exceed borrower costs by an amount that does not result in an LTV that exceeds guidelines. The excessive XXXX contribution resulted in an LTV that exceeds XXXX%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The principal reduction would need to be $XXXX to achieve an LTV after excessive concessions of XXXX%. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2159573

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CDA provided and supports original appraised value.

Cleared

XXXX

2153197

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement is missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
There is no loan agreement as it is not required

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153197

2 of 4

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Amended, Restated Note is in the file however, the Original Note prior to Amendment is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Note attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153197

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153197

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2153196

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153196

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153196

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2133361

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2133361

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2133361

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contains a CDA, dated XX/XX/XXXX, that supports the value.

Cleared

XXXX

2136962

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2136962

2 of 3

XXXX

Credit

Program Parameters - LTV

XXXX

The subject transaction closed with an LTV of XXXX%. The maximum LTV allowed per the investor guidelines was XXXX%. LTV exceeds the maximum allowed.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Per XXXXs Guidelines, XXXX% LTV purchases are allowed.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2136962

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2159579

1 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2159579

2 of 4

XXXX

Credit

Assets - Other

XXXX

The total funds for closing and reserves, including the EMD was $XXXX. An XXXX account ending in X717 was provided to supplement the required funds. This account was in the name of XXXX. Documentation was not provided to support the owners of XXXX. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX Certificate Of Formation attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2159579

3 of 4

XXXX

Credit

Contract Addendum - Missing

XXXX

The HUD reflected the purchase price as $XXXX. The appraisal reflected a purchase price of $XXXX. The contract provided reported sales price of $XXXX. An addendum to the contract supporting the final purchase price of the subject was not provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2159579

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2156450

1 of 3

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Mortgage references a Loan Agreement as part of the loan documents, however, a copy of XXXX is missing in the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
There is no Loan Agreement included in this loan file. Attached is an email from our attorney confirming this was an error.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
See attached

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
Correction mortgage attached

Response 1 (XX/XX/XXXX XX:XXPM)
The referenced documentation was not received. Please provide theLOE/e-mail review. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The LOE from the Attorney stating the Loan Agreement was included in the Mortgage was done in error has been reviewed. The LOE is not sufficient. The borrower needs to be made aware of any changes being made to the Recorded Mortgage. Please provide a corrected Mortgage with the changes initialed by the borrower. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2156450

2 of 3

XXXX

Credit

DSCR - Missing background check

XXXX

Per Lender's guides, a background for all borrowers and guarantors. The loan file obtains a background check for the co-borrower; however, the loan file is missing a background check for the borrower, as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached Background Checks for both borrowers

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2156450

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2156451

1 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Note was executed by an Entity and a Trust, but the Trust documents are missing. Unable to determine if signatures on note are accurate.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Trust agreement attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2156451

2 of 5

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Mortgage/Deed of Trust was executed by an Entity and a Trust, but the Trust documents are missing. Unable to determine if signatures on mortgage are accurate.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Trust Agreement attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2156451

3 of 5

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The subject is located in a condomimium project. The XXXX insurance declaration pages with coverage limits for the complex was not provided as required. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached Master HOA

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2156451

4 of 5

XXXX

Credit

Program Parameters - Cash-Out Amount

XXXX

The final HUD reflected borrower's cash out amount was $XXXX. The investor guidelines allowed maximum cash out in the amount of $XXXX. Subject cash out exceeded the maximum allowed.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
We received an investor approval and are clear to proceed

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. XXXX% LTV. Experienced Investor.

XXXX

2156451

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2156452

1 of 5

XXXX

Compliance

HUD1 - Not Final

XXXX

It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX

Acknowledged

XXXX

2156452

2 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Note was executed by an Entity and a Trust, but the Trust documents are missing. Unable to determine if signatures on note are accurate.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Trust agreement attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2156452

3 of 5

XXXX

Compliance

Security Instrument - Incomplete

XXXX

Incomplete. The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Mortgage/Deed of Trust was executed by an Entity and a Trust, but the Trust documents are missing. Unable to determine if signatures on mortgage are accurate.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Trust agreement attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2156452

4 of 5

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The subject is located in a condominium project. The XXXX insurance declaration pages with coverage limits for the complex was not provided as required. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached Master HOA

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2156452

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2156449

1 of 6

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The Vested Interest on the Security Instrument cannot be verified as accurate due to Title Commitment missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached Proforma

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Title attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The XXXX discloses the name of the parties that havevested interest prior to the subject loan closing. The Title Policy will showthe name of the parties that have vested interest after the subject loancloses. The Title Commitment is needed to ensure the borrower has vestedinterest in the property and able to obtain a loan on the property. Please provide a copy of the title commitment. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2156449

2 of 6

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing for the subject properties located at XXXX, XXXX-XXXX, XXXX, XXXX, XXXX, XXXX, XXXX and XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Flood Certificate attached

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
All flood XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
Only XXXX was provided, which is not on the list. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2156449

3 of 6

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The loan was missing evidence of current hazard insurance for the subject property located at XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Insurance for XXXX frost with Special Form XXXX coverage ensuring all perils are covered

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Documentation uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

Response 2 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2156449

4 of 6

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The loan was missing evidence of the hazard insurance premiums for all XXXX subject properties. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Insurance confirmation for all XXXX properties with Special form coverage ensuring all perils are covered.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Documentation uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
All premiums are still missing except for XXXX. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2156449

5 of 6

XXXX

Credit

Program Parameters - LTV

XXXX

The LTV does not meet the program eligibility guidelines. The maximum allowed LTV for a cash-out refinance is XXXX%. Due to variances above XXXX% from the CDA's for the subject properties located at XXXX, XXXX, XXXX and XXXX and using XXXX% of the total cost for the property located at XXXX, the total qualifying value is only $XXXX, resulting in an LTV of XXXX% which exceeds the maximum allowed.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX approval attached

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Compensating Factors: XXXX. XXXX DSCR. Experienced Investor.

XXXX

2156449

6 of 6

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDA's dated XX/XX/XXXX which do not support the appraised value within 10% for the subject properties located at XXXX, XXXX, XXXX and XXXX; however, the guidelines allow for the lower value to be used. Per the rating agencies, this is graded as an EV2. The loan file contains CDAs, dated XX/XX/XXXX and XX/XX/XXXX which supports the appraised values for the remaining properties.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
No responde needed

Response 1 (XX/XX/XXXX XX:XXAM)
EV2 rating. (Resolved)

XXXX

2153198

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153198

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153198

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2159576

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2159576

2 of 3

XXXX

Credit

Condo - Documentation

XXXX

Loan file did not contain required condo documentation (Master HOI, XXXX, Condo Budget, Project Review).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Master HOI Attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2159576

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and/ supported the appraised value.

Cleared

XXXX

2153206

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153206

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153206

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2159577

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2159577

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The subject closed in the name of XXXX. The operating agreement reflected XXXX members each with a XXXX% ownership of the LLC. The investor guidelines required an OFAC search for all Key Principals. The OFAC search for XXXX, XXXXnd entity member, was not provided as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Clean OFAC searches for both borrowers attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2159577

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2153205

1 of 3

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The Vested Interest on the Security Instrument is inconsistent with the XXXX. The Security Instrument reflects XXXX which does not match the current Vested Interest on Title.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The property was transferred with the attached quick claim deeds

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153205

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

The loan file is missing proof the borrower owns “XXXX” which is the account holder for XXXX XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
OPERATING AGREEMENT OF XXXX attached proving access to funds in XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153205

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153199

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153199

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153199

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports value.

Cleared

XXXX

2159575

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2159575

2 of 3

XXXX

Credit

Program Parameters - Property Type

XXXX

The subject property is XXXX units. Properties with XXXX or more units must be approved to meet the XXXX overlay.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Approval received by investor attached

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX Score. XXXX% LTV. XXXX DSCR.

XXXX

2159575

3 of 3

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. A secondary appraisal review product was not provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
BPO attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2153201

1 of 3

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

Security Instrument - Name Discrepancy. The Vested Interest on the Security Instrument is inconsistent with the XXXX. The Security Instrument reflects XXXX which does not match the current Vested Interest on Title.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The property was transferred over via the attached XXXX.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153201

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153201

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153202

1 of 3

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The Vested Interest on the Security Instrument is inconsistent with the XXXX. The Security Instrument reflects XXXX which does not match the current Vested Interest on Title.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The property was transferred over via the attached XXXX.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153202

2 of 3

XXXX

Credit

Assets - Authorization

XXXX

Per Lender's guides, the borrower is required to provide documentation to prove ownership of the entity and access to funds in the bank account used for reserves. The borrower used funds from XXXX #XXXX, which reflects XXXX as the account holder. The loan file obtains an op agreement for XXXX, which does not reflect XXXX as an entity. The file does not contain an op agreement or any documentation indicating the borrower has access to the funds in business account XXXX #XXXX. The bank statements also does not reflect the borrower as an authorize user of the account. Without the funds, the borrower would be short -$XXXX in verified reserves.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The borrower has access to the account&#XXXX;s funds according to XXXX Operating agreement attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153202

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153203

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153203

2 of 3

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Special coverage covering all perils attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153203

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Cleared

XXXX

2153204

1 of 3

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The Vested Interest on the Security Instrument is inconsistent with the XXXX. The Security Instrument reflects XXXX which does not match the current Vested Interest on Title.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The property was transferred over via the attached XXXX.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153204

2 of 3

XXXX

Credit

Assets - Authorization

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The borrower has access to the account&#XXXX;s funds according to XXXX Operating agreement attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153204

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153200

1 of 3

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The security instrument was not completed accurately. The title commitment reflects the property is currently vested in entity XXXX; however, the borrower is entity XXXX. The loan file does not includes a quit claim deed intended to transfer ownership from entity to entity.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The property was transferred with the attached deeds

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2153200

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153200

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2154540

1 of 3

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2154540

2 of 3

XXXX

Credit

Debts - Not Verified

XXXX

The homeowners insurance policy for the subject property did not reflect the total annual premium. Homeowners insurance premium could not be determined.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2154540

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2154541

1 of 3

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2154541

2 of 3

XXXX

Credit

Assets - Cash to Close

XXXX

The subject was a purchase transaction. Required funds for closing, were $XXXX and $XXXX in reserves. File documentation reflected a XXXX checking account # XXXX with a balance of $XXXX. No other assets were documented. Borrower funds were short of the required closing funds by $XXXX and reserves by $XXXX for a total shortage of $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The borrower is using proceeds from loan XXXX towards verified liquidity. Attached is the wire receipt and HUD for loan XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2154541

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2154539

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

XXXX

2154539

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. Per guidelines, Open Judgments no on title totaling more than $XXXX must be paid in full at closing. The background check for the borrower reveals XXXX unsatisfied judgments in the amount of $XXXX in XX/XX/XXXX and $XXXX in XX/XX/XXXX. The loan file contains no evidence these were paid at closing. Please provide evidence judgments are satisfied.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see the attached judgment dismissals and search results confirming that all judgments have been satisfied.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2154539

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The subject loan does not meet Program Parameters. The subject loan is part of a XXXX property cross collateral refinance into individual loans. The loan file contains the payoff for the entire cross collateral loan. The loan file only contains the HUD for the subject transaction. The loan file must contain all HUDs to reflect the entire payoff has been satisfied.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
all HUDs for the full cross-collateral transaction are attached, reflecting that the entire payoff has been satisfied

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2154539

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports value.

XXXX

2159580

1 of 6

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2159580

2 of 6

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

The origination credit for second Guarantor, XXXX, was not provided as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Credit for XXXX attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2159580

3 of 6

XXXX

Credit

DSCR - Missing background check

XXXX

Missing background check per guidelines for the second Guarantor, XXXX to include OFAC search, criminal search, judgement search and identity verification alerts.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
BGC and OFAC search for XXXX attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2159580

4 of 6

XXXX

Credit

Final Application - Missing

XXXX

The loan application for second Guarantor, XXXX, was not provided as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Please see the attached loan application completed and signed by both guarantors

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2159580

5 of 6

XXXX

Credit

Program Parameters - LTV

XXXX

The subject transaction was a cash out refinance with a mid XXXX. The subject's LTV was XXXX%. Per the investors DSCR matrix, the maximum LTV was XXXX%. The subject's LTV exceeds the maximum allowed.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
The borrower brought cash in at closing. This is not a cash-out. Please see the attached HUD for reference.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2159580

6 of 6

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2159578

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2159578

2 of 4

XXXX

Credit

Condo - Documentation

XXXX

Loan file did not contain required condo documentation (Master HOI, XXXX, Condo Budget, Project Review).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Master HOI Attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2159578

3 of 4

XXXX

Credit

Contract Addendum - Missing

XXXX

The final HUD reflected the seller paid $XXXX in borrower's closing cost. The sales contract did not contain an addendum to support the seller concessions.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
This credit stems from Section 4 of the contract (page XXXX, XXXX contribution of XXXX%.)

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2159578

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2145903

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2145903

2 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The guidelines indicate properties located in XXXX, XXXX are ineligible for financing. The subject property is located in XXXX, XXXX.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
This loan did not close nor was locked with a PPP. Also, please refer to the email from our Director of XXXX regarding the property location in XXXX.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
XXXX is the lender on this loan. We made the exception. There is no other lender involved.

Response 1 (XX/XX/XXXX XX:XXAM)
This appears to be an internal exception. Investor must grant exception. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Exception to be made by the Investor that is buying the loan. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Investor reviewed and elects to waive. Noted Compensating factors: XXXX qualifying credit score, experienced investors, DSCR of XXXX, $XXXX in verified reserves

XXXX. XXXX% LTV. XXXX DSCR.

XXXX

2145903

3 of 4

XXXX

Credit

Property - Previously Listed for Sale

XXXX

The guidelines indicate properties listed for sale in the past XXXX months are ineligible for financing, unless a minimum XXXX year prepay penalty is applied. In addition, the listing must be cancelled prior to the note date and the value will be based on the lesser of the lowest list price in prior XXXX months or appraisal value.The subject property was listed for sale on XX/XX/XXXX for $XXXX with the most recent list price being $XXXX. As of the XX/XX/XXXX appraisal date, the listing was removed. The loan closed using the $XXXX appraised value to calculate the LTV (XXXX%). The $XXXX recent listing price was used at audit review and resulted in the LTV increasing to XXXX% (still meets G/L). However, the Note is missing the required 3yr prepayment penalty required.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Please refer back to email from our Director of Capital Markets allowing the loan to move forward re: XXXX 2 (03/XXXX/XXXX XXXX:28AM)
XXXX is the lender on this loan. We made the exception. There is no other lender involved.

XXXX (XX/XX/XXXX XX:XXPM)
Investor reviewed and elects to waive. Noted Compensating factors: XXXX qualifying credit score, experienced investors, DSCR of XXXX, $XXXX in verified reserves

XXXX. XXXX% LTV. XXXX DSCR.

XXXX

2145903

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value.

Cleared

XXXX

2139811

1 of 4

XXXX

Compliance

Note - Inaccurate

XXXX

The Note in inaccurate. The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. (Acknowledged)

Acknowledged

XXXX

2139811

2 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The referenced loan agreement is missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan Agreement and Exhibit B

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2139811

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2139811

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2125778

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: Exhibit B of the Loan Agreement was not executed.

Upheld

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
this does not affect the Note and was otherwise completed- this section is typically not applicable and/or required to be completed

Response 1 (XX/XX/XXXX XX:XXPM)
The information provided is not sufficient to clear the finding. As art of he Loan Agreement all Exhibits are required to be completed. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The information provided is not sufficient to clear the finding. The Loan Agreement is part of the Note; all XXXX to the Loan Agreement nee to be completed. Please provide complete Exhibit B for review. (XXXX)?

XXXX (XX/XX/XXXX XX:XXPM)
Please review. Non-material document.

XXXX

2125778

2 of 4

XXXX

Compliance

Security Instrument - Missing Rider/Addendum

XXXX

The following referenced Rider is missing: XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Recording w/ XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2125778

3 of 4

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
flood deter cert

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2125778

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2127038

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2127038

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2127038

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2136916

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2136916

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136916

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2136907

1 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: Exhibit B of The Loan Agreement is incomplete.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan closed in a Trust , not an LLC. Exhibit is not required. Please clear.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
XXXX B

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
Exhibit B signed

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is not sufficient to clear the finding. The trustees must sign and date Exhibit B in the "If a Natural Person" section of the exhibit where indicated. The exhibit is not limited to only LLCs. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Please re-upload. Re-opening condition.

Response 3 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2136907

2 of 5

XXXX

Compliance

Security Instrument - Missing

XXXX

The Security Instrument (Mortgage/Deed of Trust) is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
mortg with rider

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2136907

3 of 5

XXXX

Compliance

Security Instrument - Missing Rider/Addendum

XXXX

The following referenced Riders are missing: XXXX XXXX-XXXX Family Rider

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
mort with rider

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2136907

4 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136907

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2127039

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2127039

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2127039

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2152585

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152585

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152585

3 of 3

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. The loan file contains an invoice for a CDA but the report was not provided. CU Score XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
CDA

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2136926

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2136926

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136926

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2136925

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2136925

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136925

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2145916

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2145916

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2145916

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153133

1 of 4

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The Mortgage was executed by an entity, but the entity documents are missing. Unable to determine if signatures on mortgage are accurate.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Entity docs

XXXX

2153133

2 of 4

XXXX

Credit

DSCR - Missing Entity Documentation

XXXX

Missing required business documentation per guidelines. The loan file is closing in the name of an entity and does not contain any entity docs (i.e. Articles of Organization, Operating Agreement, proof of EIN, Certification of good standing, proof of ownership).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Entity docs

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153133

3 of 4

XXXX

Credit

Income - Missing or Incomplete Lease Agreement

XXXX

The loan file is missing a fully executed lease for the subject loan being refinances as required per investor guidelines. The loan file does contains a lease extension that expired XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
The lease is not CURRENTLY expired. The extension in the file is until September of this year.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
lease and extension

Response 1 (XX/XX/XXXX XX:XXAM)
Unable to locate extension. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2153133

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. CU Score XXXX.

Cleared

XXXX

2153136

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153136

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153136

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2145921

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2145921

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2145921

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA was provided dated XX/XX/XXXX that supports the appraised value.

Cleared

XXXX

2152587

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152587

2 of 4

XXXX

Credit

Assets - Cash to Close

XXXX

The loan file requires $XXXX in funds to close plus reserves ($XXXX in funds to close $XXXX in reserves). The loan file does not contain any asset documentation.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Funds to close and reserves

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2152587

3 of 4

XXXX

Credit

Contract - Missing

XXXX

The file contained no evidence of a properly executed sales contract.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Contract of Sale w/Adden

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2152587

4 of 4

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, XXXX 2nd appraisal to support the origination appraised value. Investor guidelines require a CDA when only one appraisal is obtained regardless of CU Score. CU Score XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
CDA

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2139812

1 of 6

XXXX

Compliance

Note - Inaccurate

XXXX

The following section of the Note was inaccurate: The Exhibit B of the Loan Agreement reflected the entity member signing as a natural person. Additionally, the printed name of the entity was not listed.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
the Exhibit B meets all requirements

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2139812

2 of 6

XXXX

Compliance

Note - Signature Discrepancy

XXXX

The borrower is an entity; however, the Note and Prepayment XXXX were signed as individual and as member.

Acknowledged

XXXX

2139812

3 of 6

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per guidelines for no housing history/rent free from spouse, a rent free letter is required and is not in the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Primary residence is owned free and clear. Please refer to the updated transmittal and property search

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2139812

4 of 6

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per guidelines for vacant properties recently rehabbed, evidence that the property is currently listed for rent is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX search that property is listed for rent

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2139812

5 of 6

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
hoi agent email re: Perils

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2139812

6 of 6

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2139809

1 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Note was executed by an entity, but the entity documents are missing. Unable to determine if signatures on note are accurate.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
LLC docs

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2139809

2 of 5

XXXX

Compliance

Note - Signature Discrepancy

XXXX

The subject loan is vested on the mortgage and title as an LLC; however, the note was signed as individuals in addition to as members.

Acknowledged

XXXX

2139809

3 of 5

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Mortgage was executed by an entity, but the entity documents are missing. Unable to determine if signatures on mortgage are accurate.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
LLC docs

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2139809

4 of 5

XXXX

Credit

Program Parameters - Other

XXXX

The required LLC documentation for XXXX is missing from the loan file. Per guidelines, all LLCs must submit the following documentation: Copies of the entities Articles of Organization, Operating Agreements, proof of EIN and Certificate of Good Standing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
LLC docs

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2139809

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Cleared

XXXX

2145914

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2145914

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2145914

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2144730

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144730

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144730

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX which supported the appraised value.

Cleared

XXXX

2142249

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2142249

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2142249

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2142251

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2142251

2 of 4

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: XXXX . A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
CIC and LE for increase

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2142251

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2142251

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2158226

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR (XXXX%) and the calculated APR (XXXX%), the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2158226

2 of 4

XXXX

Compliance

TRID - CD - $100 Tolerance Threshold/Non-Rescindable

XXXX

The loan failed the TILA Finance Charge tolerance test. Per Regulation Z, the Finance Charge is considered inaccurate if the disclosed Finance Charge is understated by more than $XXXX. The final (last revised) CD issued on XX/XX/XXXX has a disclosed Finance Charge of $XXXX, which is less than the system calculated Finance Charge of $XXXX. The Finance Charge on the final CD is understated by $XXXX which is more than the allowable tolerance of $XXXX. The following fees were included in the Finance Charge calculation: Discount Points $XXXX, Processing Fee $XXXX, Technology Fee $XXXX, Underwriting Fee $XXXX, Flood Certification Fee $XXXX, MERS Fee $XXXX, Closing Protection Letter $XXXX, Title Electronic Doc $XXXX, Title Attorney Fee $XXXX, and Prepaid Interest $XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
PCCD tracking and LOX

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
copy of check

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is not sufficient to cure the finding. The LOE, PCCD and XXXX of delivery have been provided. A copy of the refund check is required. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158226

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158226

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2139810

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2139810

2 of 4

XXXX

Credit

Contract Addendum - Missing

XXXX

The Sales Contract Addendum for the $XXXX seller contribution is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX Contract Addendum

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2139810

3 of 4

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The hazard insurance provided in the loanfile does not confirm required perils coverage is included.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
CONDO MASTER POLICY

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2139810

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2145911

1 of 3

XXXX

Compliance

Note - Signature Discrepancy

XXXX

The borrower is an entity however the XXXX was signed as Individual and as Member. Page one of mortgage only listed the entity and Title only listed borrower as entity.

Acknowledged

XXXX

2145911

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2145911

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2145912

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2145912

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2145912

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2145918

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2145918

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2145918

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2145920

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2145920

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2145920

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX which supported the appraised value.

Cleared

XXXX

2145905

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2145905

2 of 3

XXXX

Credit

Assets - Other

XXXX

There are additional asset findings. Borrower's closing funds for the subject property are partially coming from a cash-out refinance of another owned property, which closed simultaneously. The loan file does not contain the Final HUD-XXXX from the cash-out refinance to verify the amount of funds that are available. Additional conditions could apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Final CD for refi of inv prop

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2145905

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2152586

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152586

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152586

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2145909

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2145909

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2145909

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2142253

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2142253

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2142253

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2144728

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144728

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144728

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2142250

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2142250

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2142250

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2144729

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144729

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144729

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2154533

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154533

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154533

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score XXXX.

Cleared

XXXX

2142252

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2142252

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2142252

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2154530

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Credit Report. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2154530

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154530

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. LCA Score XXXX.

Cleared

XXXX

2154532

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2154532

2 of 4

XXXX

Compliance

State HPML

XXXX

This loan failed the XXXX HOEPA higher-priced mortgage loan test. The loan is a higher-priced mortgage loan, as defined in the legislation. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan. The loan is a compliant HPML. Prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2154532

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154532

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2153089

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153089

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153089

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2153087

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153087

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153087

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2153088

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153088

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153088

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX supportive of value.

Cleared

XXXX

2086349

1 of 5

XXXX

Compliance

ARM Disclosure - Missing

XXXX

The file contains no evidence that the ARM Disclosure was provided to the borrower. Truth in XXXX (Regulation Z) 12 CFR 1026.19(b)(1)

XXXX

2086349

2 of 5

XXXX

Credit

Credit Report - Alerts

XXXX

The credit report contain a Fraud Alert which have not been adequately addressed in the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
doc provided

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2086349

3 of 5

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The address on the current Hazard Insurance policy is incorrect. Per the Note, Mortgage, Final Settlement Statement, and XXXX. the subject property's address is XXXX, XXXX XXXX XXXX and XXXX, XXXX XXXX. Per internet search and the borrower's bank statements reflecting the current address, these property's reflect the same address.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
HOI provided

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2086349

4 of 5

XXXX

Credit

Verification Documentation - VOR

XXXX

The verification of rent provided reflects the incorrect property address, XXXX, XXXX XXXX XXXX. Per the borrower's bank statements and income documentations, the primary address is XXXX, XXXX XXXX XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
VOR provided

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2086349

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a FNMA CU Score of XXXX, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2089896

1 of 5

XXXX

Compliance

TRID - 10% Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: Lender's Title Insurance $XXXX, Settlement Fee $XXXX, Survey Fee $XXXX, Title Courier Fee $XXXX, XXXX Fee $XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
cic provided

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Per Original LE date XXXX/XXXX closing costs expired on XXXX/XXXX. Another LE was provided on XXXX/XXXX with updated fees. There is no violation.

Rebuttal XXXX (XX/XX/XXXX XX:XXPM)
progressive land title agency is listed but they used XXXX offices of XXXX.

Response 1 (XX/XX/XXXX XX:XXPM)
A valid change of circumstance was not provided in the loan file. The COC for the Survey Fee was accepted and applied to testing. However, a valid COC for the increase/ addition to the following fees is not considered valid without more details: XXXX $XXXX, Settlement Fee $XXXX, Title Courier Fee $XXXX, XXXX Fee $XXXX. Please provide details as to why the fees were increased A cost to cure in the amount of $XXXX, XXXX is remains. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The explanationprovided is not sufficient to cure the finding. Once the consumer has indicatedan intent to proceed, any Loan Estimates issued thereafter should not includean expiration date of loan costs. The Disclosure Tracker provided indicates XXXX was signed on XX/XX/XXXX making the LE expiration of XX/XX/XXXX invalid. A cost to cure in the amount of $XXXX, XXXX isrequired. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

Response 4 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2089896

2 of 5

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
ICD provided

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to cure the finding. (Resolved)

XXXX

2089896

3 of 5

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the addition to the following fees was not accepted: XXXX Fee $XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
CIC provided

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to cure the finding. (Resolved)

XXXX

2089896

4 of 5

XXXX

Credit

Program Parameters - Other

XXXX

XXXX provided for XXXX% LTV when XXXX allowed is XXXX% when the borrower lives rent free. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
exception provided

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

Compensating Factors: DTI XXXX%, XXXX, XXXX months reserves

XXXX

2089896

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a FNMA CU Score of XXXX, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2093315

1 of 5

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2093315

2 of 5

XXXX

Compliance

TRID - CD - Revised CD Delivery Date (No Waiting Period)

XXXX

This loan failed the revised Closing Disclosure delivery date test (no waiting period required) due to the following: Without evidence of receipt, it is assumed that the disclosure dated XX/XX/XXXX was mailed, and therefore not received by the consumer prior to the consummation date, XX/XX/XXXX. If disclosure was delivered electronically, evidence of receipt as well as the consumer's E-consent is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
icd provided

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
CD provided

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
There was no change to the APR, the only change was the funding date. The date in which it was signed or viewed should not be needed as the changes were only material

Rebuttal 4 (XX/XX/XXXX XX:XXPM)
We provided proof the borrower received it) via e-sign. They signed and dated after closing, but would not change the signing date.

Rebuttal 5 (XX/XX/XXXX XX:XXAM)
The change from the CD issued XXXX/XXXX and signed at close on XXXX/XXXX to the CD issued XXXX/XXXX was immaterial. Hazard insurance went from paid at close to paid outside of close. This should be considered a PCCD with no requirement for borrower signature.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The Initial CD issued on XX/XX/XXXX5 has been provided; the Initial CD is not causing the timing violation. The CD issued on XX/XX/XXXX does not have a receipt date provided and the mailing rule has been applied. Please provide receipt date of the CD issued on XX/XX/XXXX. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The e-receipt for the CD issued on XX/XX/XXXX5 is XX/XX/XXXX; this is after consummation. . Receipt of the CD issued on XX/XX/XXXX issued on the day of consummation is needed to confirm the borrower received the CD on or prior to consummation of XX/XX/XXXX. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
Per (§ 1026.19(f)(2)(i)) For any other changes before consummation that do not fall under the three categories above (i.e., related to the APR, loan product, or the addition of a prepayment penalty), the creditor still must provide a corrected Closing Disclosure with any terms or costs that have changed and ensure that the consumer receives it. For these changes, there is no additional three-business-day waiting period required. The creditor must ensure only that the consumer receives the revised Closing Disclosure at or before consummation. (§ 1026.19(f)(2)(i); Comment 19(f)(2)(i)-XXXX through -XXXX. (XXXX)

Response 4 (XX/XX/XXXX XX:XXPM)
Evidence the borrower received the CD issued on XX/XX/XXXX on or prior to closing is required. . Per 1026.19(f)(1)(ii)(A), corrections that occur prior toclosing must be received by consumer no later than consummation. Disclosuresthat are electronically sent will follow the mailing rule XXXX unless evidence is provided the consumer actually receivedit as evidence by viewing/acknowledging the document. Since CD issued onXX/XX/XXXX is the Final CD; evidence that the borrower received thisdisclosure on or before the closing date of XX/XX/XXXX is required. (XXXX)

Response 5 (XX/XX/XXXX XX:XXPM)
The information provided is sufficient to clear the finding. (Resolved)

XXXX

2093315

3 of 5

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Appraisal fee. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
cure provided

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
PCCD provided with cure added

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to cure the finding. The LOE, Proof of Delivery and copy of the refund check have been provided. The PCCD is required. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2093315

4 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2093315

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2148783

1 of 4

XXXX

Compliance

TRID - CD - Loan Disclosures/Escrow Account

XXXX

The Escrow Account Disclosure on the CD issued on XX/XX/XXXX is inaccurate due to the following: The escrow section on the disclosure does not have one of the two boxes checked stating whether the reason they will not have escrows is because they declined it or because the lender does not offer it. Truth in XXXX (Regulation Z) 12 CFR 1026.38(l)(7).

Acknowledged

XXXX

2148783

2 of 4

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: Appraisal fee. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
LOE uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. Although the reason for the increase to the Appraisal fee for a XXXX is a valid reason; the COC letter/Invoice is dated XX/XX/XXXX and the fee was not disclosed until the LE issued on XX/XX/XXXX; this is not within XXXX days as required. A cost to cure in the amount of $XXXX remains. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2148783

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2148783

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX.

Cleared

XXXX

2139969

1 of 4

XXXX

Compliance

TRID - CD - Closing Information/Disbursement Date

XXXX

The PCCD issued on XX/XX/XXXX does not reflect the correct Disbursement Date. Truth in XXXX (Regulation Z) 12 CFR 1026.38(a)(3)(iii)

Acknowledged

XXXX

2139969

2 of 4

XXXX

Compliance

TRID - Zero Tolerance Violation (Revised Disclosure Late)

XXXX

The loan failed the charges that cannot increase test. Because the change occurred on XX/XX/XXXX and XX/XX/XXXX, and consumer was not provided the disclosure within XXXX days of the change, the increase to the following fees was not accepted as valid: Points increase on XX/XX/XXXX and points increase on XX/XX/XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Upheld

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
disclosures

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
The XXXX lock confirmation dated XX/XX/XXXX is not relevant as this is a non-del file. XXXX sent the disclosures to borrower not XXXX.

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
see proc cert attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The COC dated XX/XX/XXXX and CD issued on XX/XX/XXXX have been provided for a increase to the Points - Loan Discount fee and have a valid reason; however, the Lock confirmation in the loan file is dated XX/XX/XXXX, the increase was not disclosed within XXXX days of the change. A cost to cure int he amount of $XXXX, XXXX remains. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The Rate Lock confirmation is XX/XX/XXXX; a COC is required to be disclosed to the borrower within XXXX days of a change. The borrower should have received a CD disclosing the Rate Lock Confirmation increase in Points within XXXX days of XX/XX/XXXX. A cost to cure in the amount of $XXXX, XXXX remains. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
The document provided stating that the rate officially locked on XX/XX/XXXX was used to accept the increase of Points on XX/XX/XXXX. However points increased again on XX/XX/XXXX. COC in the file stating the rate was extended was dated XX/XX/XXXX which is not within XXXX days of re-disclosure on XX/XX/XXXX. Additionally Appraisal Review fee increased on XX/XX/XXXX without a valid reason. Cost to cure updated to $XXXX. (XXXX)

XXXX

2139969

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2139969

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2116819

1 of 6

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2116819

2 of 6

XXXX

Compliance

TRID - CD/Lender Credits that Cannot Decrease (Disclosure Timing Fail)

XXXX

The loan failed the Lender Credits that Cannot Decrease Test. Because the loan failed the Initial CD delivery date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following decreases: Lender Credits, CD XX/XX/XXXX. A cost to cure in the amount of $XXXX is required. The violation may be cured if documentation is provided showing the disclosure was delivered timely.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Initial CD.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2116819

3 of 6

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
signed ICD provided

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2116819

4 of 6

XXXX

Compliance

TRID - Zero Tolerance Violation (Disclosure Timing Fail)

XXXX

The loan failed the charges that cannot increase test. Because the loan failed the Initial CD delivery date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following additions: Transfer Taxes and Credit Report, CD XX/XX/XXXX. A cost to cure in the amount of $XXXX is required of which $XXXX was cured and $XXXX is still needed. The violation may be cured if documentation is provided showing the disclosure was delivered timely.

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Initial CD.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Cure

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The Initial CD has been provided and the loan is still failing the XXXX% tolerance violation. The Transfer Taxes were added on the CD issued on XX/XX/XXXX as a seller paid fee in the amount of $XXXX. The Transfer Taxes were changed to borrower paid without a valid COC. Please provide a valid COC or review. A cost to cure in the amount of $XXXX remains. (XXXX)

XXXX

2116819

5 of 6

XXXX

Credit

Credit - Other

XXXX

XXXX for the borrower not verifying the minimum contribution of XXXX% as required per the guidelines. Client to approve downgrading of finding based on compensating factors.

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Investor reviewed and elects to waive. Noted Compensating factors: XXXX% DTI, $XXXX in verified reserves, $XXXX monthly residual income

Comp Factors - DTI XXXX%, Owned Business XXXX yrs, Residual Income $XXXX

XXXX

2116819

6 of 6

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value.

Cleared

XXXX

2111930

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2111930

2 of 4

XXXX

Credit

Income - Rental Property Income

XXXX

The documentation supporting income from other real estate owned is not adequately supported to meet underwriting guidelines. The XXXX reflects the borrower was receiving rental income for the investment property at XXXX, $XXXX per month. Per the lender’s guidelines a copy of the lease and three (XXXX) months of proof of the receipt of rental income is required. The lease agreement reflects the lease began XX/XX/XXXX. Note date XX/XX/XXXX. Evidence of the first month’s rent, security deposit and December’s rental payment should have been provided. The loan file did not contain the required documentation. Without the rental income the DTI increases to XXXX% which exceeds the maximum XXXX%.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
ATTACHED

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Escalated.

Response 1 (XX/XX/XXXX XX:XXPM)
Evidence of the first month’s rent, security deposit and December’s rental payment not reflected on bank statement provided. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2111930

3 of 4

XXXX

Credit

Power of Attorney

XXXX

The subject loan closed using a POA. Per the lender’s guidelines the borrower may use an attorney-in-fact, who is an authorized person to act by a power of attorney, to sign documents on their behalf at closing based on certain circumstances, such as active military duty, where the service member is on overseas duty or on an unaccompanied tour and cannot be present to execute loan documents at the closing. To complete the loan transaction using an attorney-in-fact the following requirements must be met: The borrower must explain the hardship for the use of a POA, describing why the borrower was unable to execute documents in person and at least one borrower on the transaction must physically sign the loan documents, unless the borrower is military service member on active duty and the attorney-in-fact is the service member’s relative. The letter of explanation does not explain the hardship for use of the POA, only stating he is traveling out of the country. There is no indication in the loan file that the borrower is on active military duty. Additionally, the loan is in the borrower’s name only; therefore, there is not another person on the transaction that can physically sign the documents.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
POA was approved by title - see page XXXX of this email document.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
ATTACHED

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
Attached

Response 1 (XX/XX/XXXX XX:XXPM)
Unable to clear without the Hardship Letter. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Letter provided must be approved by the Investor. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. XXXX months of reserves. $XXXX per month residual income.

XXXX

2111930

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2139971

1 of 3

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

This loan failed the prepayment test. The loan has a prepayment term does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX prepayment term, the loan has a XXXX prepayment term. The loan fails the prepayment test by XXXX months. This loan failed the prepayment test. The loan has a prepayment amount that does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum prepayment penalty amount of XXXX, the loan has a prepayment penalty amount of XXXX. The loan fails the prepayment test by XXXX months. Borrower is an LLC.

Acknowledged

XXXX

2139971

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2139971

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX.

Cleared

XXXX

2155518

1 of 3

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The Assignment of Leases and XXXX have the individual listed as the borrower on Pg XXXX rather than being the Entity as signed on Pg XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
rider will be recorded with correct ALR page XXXX, see email attached.

Response 1 (XX/XX/XXXX XX:XXAM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2155518

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155518

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2123315

1 of 6

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: Page XXXX and XXXX is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
DOT pages provided

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Page XXXX provided

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. Pg. XXXX and XXXX have been provided; Pg. XXXX and XXXX ae missing. Please provide pg. XXXX for review. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2123315

2 of 6

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2123315

3 of 6

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Investor approved to resolve.

Response 1 (XX/XX/XXXX XX:XXPM)
Investor approved to resolve overlay as correspondent will take on the risk under reps and warrants. (Resolved)

XXXX

2123315

4 of 6

XXXX

Credit

Program Parameters - Other

XXXX

The loan file is missing pages XXXX-XXXX of the Guaranty Agreement for XXXX XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX provided

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2123315

5 of 6

XXXX

Credit

Program Parameters - Other

XXXX

The seller concessions exceed the XXXX% guideline for an LTV over XXXX%, by $XXXX. Allowed concessions are $XXXX. Seller Contribution $XXXX.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX% of $XXXX is $XXXX and we are within the XXXX%

Response 1 (XX/XX/XXXX XX:XXPM)
Total buyer's costs were $XXXX. Total concessions of $XXXX were under XXXX% and under buyer's costs. (Void)

XXXX

2123315

6 of 6

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2133442

1 of 3

XXXX

Compliance

HUD1 - Not Final

XXXX

It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX

Acknowledged

XXXX

2133442

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2133442

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score is XXXX.

Cleared

XXXX

2125265

1 of 4

XXXX

Compliance

Security Instrument - Missing Signature

XXXX

The Security Instrument was not fully executed by all required parties. The Notarized signature of one of the Authorized Persons is missing from the Security Instrument.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
DOT provided

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2125265

2 of 4

XXXX

Compliance

Security Instrument - Missing Signature

XXXX

The Security Instrument was not fully executed by all required parties. The signature of one of the Authorized Persons is missing from the Assignment of Rents Rider.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Doc provided

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2125265

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2125265

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2131375

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2131375

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2131375

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX.

Cleared

XXXX

2123313

1 of 3

XXXX

Compliance

HUD1 - Not Final

XXXX

Acknowledged

XXXX

2123313

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2123313

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value.

Cleared

XXXX

2121278

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2121278

2 of 3

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Investor approved to resolve.

Response 1 (XX/XX/XXXX XX:XXPM)
Investor approved to resolve overlay as correspondent will take on the risk under reps and warrants. (Resolved)

XXXX

2121278

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2144442

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144442

2 of 3

XXXX

Credit

Gift Letter - Missing

XXXX

The loan file is missing the required gift letter for the gift of $XXXX indicated per the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
LOX, this was not gift funds

Response 1 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Resolved)

XXXX

2144442

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2136992

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2136992

2 of 3

XXXX

Credit

Contract - Concessions

XXXX

The Final Hud-XXXX reflects Seller Contributions for $XXXX, however, the contract addendum in file dated XX/XX/XXXX indicates the Seller Contribution amount was reduced from $XXXX to $XXXX.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Original contract shows $XXXX and the addendum is for the additional $XXXX = $XXXXk

Response 1 (XX/XX/XXXX XX:XXPM)
Explanation received is sufficient. (Void)

XXXX

2136992

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value.

Cleared

XXXX

2127945

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2127945

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2127945

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Cleared

XXXX

2125272

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2125272

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2125272

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2137626

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137626

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137626

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2125246

1 of 3

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2125246

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2125246

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2129548

1 of 4

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Credit report fee. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
CURE

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2129548

2 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The flood insurance policy provided expired as of XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ATTACHED

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2129548

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

XXXX provided for rent free borrower acquiring an investment property. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

Compensating Factors: XXXX, DTI XXXX%, Reserves exceed XXXX months

XXXX

2129548

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2125261

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2125261

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2125261

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX.

Cleared

XXXX

2133444

1 of 3

XXXX

Compliance

HUD1 - Not Final

XXXX

Acknowledged

XXXX

2133444

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2133444

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a Desk Review dated XX/XX/XXXX supportive of value.

Cleared

XXXX

2127929

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2127929

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2127929

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2136990

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2136990

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136990

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX supported the appraised value.

Cleared

XXXX

2122542

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2122542

2 of 4

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Investor approved to resolve.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Please waive

Response 1 (XX/XX/XXXX XX:XXPM)
Investor approved to resolve overlay as correspondent will take on the risk under reps and warrants. (Resolved)

XXXX

2122542

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The file is missing the required EIN/W9 for the entity.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Doc provided

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2122542

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2129570

1 of 3

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The borrower is an entity. The 1st page of the Assignment of Rents lists the borrower as an Individual; the entity name should be listed.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Entity is named on page XXXX of XXXX of the rider as assignor.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
intent to rerecord, ALR rider

Response 1 (XX/XX/XXXX XX:XXPM)
The Mortgage and all riders including the Assignment of Rent rider must accurately reflect the borrower name. The borrower is an Entity; pg. XXXX of the rider should reflect the name of the rider. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The name on page one of the assignment of rents does not match the name on the mortgage nor the signature page of the assignment of rents. Page one indicates an individual executed the rider, however it was executed by a member of teh entity. Please provided an updated page XXXX that matches the entity or as a authorized person. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to cure the finding.The Assignment of Leases and Rents rider has been reviewed and acceptable. The Letter of Intentcannot be used to cure the exception, re-recording the document is thecure. Please provide evidence when the documents have been recorded. (XXXX)

Response 4 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2129570

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2129570

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2144678

1 of 3

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Lender Cure docs

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2144678

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144678

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2129538

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2129538

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2129538

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CDA came in well over the appraised value therefore the client elected to have a Field Review completed and it supported the original appraised value.

Cleared

XXXX

2144664

1 of 5

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: Appraisal fee, XXXX fee, and Credit Report fee. A cost to cure in the amount of $XXXX is required, of which $XXXX was cured at closing. There is a remaining cost to cure in the amount of $XXXX required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Refund uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is not sufficient to clear the finding. The reimbursement amount of $XXXX for the increase to the XXXX fee and Credit Report fee has been applied to the tolerance violation. However, a Second Appraisal fee in the amount of $XXXX was added to the Final CD issued on XX/XX/XXXX and does appear to have been disclosed within XXXX days of knowledge of this fee. The Second Appraisal Invoices in the original loan file are dated XX/XX/XXXX and XX/XX/XXXX which indicates the lender knew of the charge at this time. A cost to cure int he amount of $XXXX remains. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The documentation provided is not sufficient to clear the finding. The reimbursement amount of $XXXX for the increase to the XXXX fee and Credit Report fee has been applied to the tolerance violation. However, a Second Appraisal fee in the amount of $XXXX was added to the Final CD issued on XX/XX/XXXX and does appear to have been disclosed within XXXX days of knowledge of this fee. The Second Appraisal Invoices in the original loan file are dated XX/XX/XXXX and XX/XX/XXXX which indicates the lender knew of the charge at this time. A cost to cure in the amount of $XXXX remains. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2144664

2 of 5

XXXX

Credit

Credit - Other

XXXX

Investor guidelines require a gap credit or undisclosed debt monitoring report to be pulled no more than XXXX days prior to the loan closing. The loan file contains an updated credit report pulled XX/XX/XXXX with a note date of XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ATTACHED

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2144664

3 of 5

XXXX

Credit

Program Parameters - Other

XXXX

The loan file contains a lender exception. Investor guidelines state a purchase transaction on a second home must be a non-arms length transaction with no affiliation between the borrower and the seller. The subject transaction the borrower is the son of the seller. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ATTACHED

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

Compensating Factors: Strong FICO 777- Good reserves XXXX months- No lates in mortgage history.

XXXX

2144664

4 of 5

XXXX

Credit

Program Parameters - Other

XXXX

The loan file contains a lender exception. Investor guidelines state properties greater than XXXX acres are ineligible. The subject property is XXXX acres. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ATTACHED

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

Compensating Factors: Strong FICO 777- Good reserves XXXX months- No lates in mortgage history.

XXXX

2144664

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score XXXX.

Cleared

XXXX

2151733

1 of 3

XXXX

Compliance

TRID - Zero Tolerance Violation (Revised Disclosure Late)

XXXX

The loan failed the charges that cannot increase test. Because the change occurred on XX/XX/XXXX, and consumer was not provided the disclosure within XXXX days of the change, the increase to the following fees was not accepted as valid: Points, XX/XX/XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
ATTACHED

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Docs provided.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The COC dated XX/XX/XXXX is valid for the increase to the Points- Loan discount Fee; however, the disclosed increase on the CD issued on XX/XX/XXXX is not within XXXX days as required. The cost to cure in the amount of $XXXX remains. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2151733

2 of 3

XXXX

Credit

Debts - Not Verified

XXXX

The application lists significant debts that were not verified on the credit report and not independently verified. The loan application reflects two new loans with XXXX; XXXX for $XXXX with a monthly payment of $XXXX and XXXX for $XXXX with a monthly payment of $XXXX. Per the lender’s guidelines the existing property PITIA (principal, insurance, taxes, insurance, and HOA dues) payment must be counted as part of the borrower’s recurring monthly debt obligations. The loan file did not contain documentation to verify these monthly payments. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2151733

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2151734

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2151734

2 of 3

XXXX

Credit

Debts - Not Verified

XXXX

The application lists significant debts that were not verified on the credit report and not independently verified. The loan application reflects two new loans with XXXX; XXXX for $XXXX with a monthly payment of $XXXX and XXXX for $XXXX with a monthly payment of $XXXX. Per the lender’s guidelines the property PITIA (principal, insurance, taxes, insurance, and HOA dues) payment must be counted as part of the borrower’s recurring monthly debt obligations. The loan file did not contain documentation to verify these monthly payments. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
REO CDs

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2151734

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2151735

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2151735

2 of 3

XXXX

Credit

Debts - Not Verified

XXXX

The application lists significant debts that were not verified on the credit report and not independently verified. The loan application reflects two new loans with XXXX; XXXX for $XXXX with a monthly payment of $XXXX and XXXX for $XXXX with a monthly payment of $XXXX. Per the lender’s guidelines the property PITIA (principal, insurance, taxes, insurance, and HOA dues) payment must be counted as part of the borrower’s recurring monthly debt obligations. The loan file did not contain documentation to verify these monthly payments. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
REO CDs

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2151735

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2133452

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2133452

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2133452

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2125271

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2125271

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2125271

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX supported the appraised value.

Cleared

XXXX

2137638

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137638

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137638

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports value.

Cleared

XXXX

2136025

1 of 3

XXXX

Compliance

HUD1 - Not Final

XXXX

It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX

Acknowledged

XXXX

2136025

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136025

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX.

Cleared

XXXX

2144408

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144408

2 of 5

XXXX

Credit

Credit Report - Other

XXXX

Lender's Exception - Lender allowed the borrower not to payoff the disputed Amex tradelines in the combined total amount of $XXXX. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

Compensating factors: XXXX months of reserves, $XXXX residual income per month, Low DTI

XXXX

2144408

3 of 5

XXXX

Credit

Program Parameters - LTV

XXXX

Per Lender's guides, the max LTV for borrowers living rent free is XXXX%. The borrowers are living rent free and were qualified with XXXX% LTV, which exceeds the max of XXXX%.

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: XXXX% DTI, $XXXX residual income, $XXXX verified reserves,

Compensating factors: XXXX months of reserves, $XXXX residual income per month, Low DTI

XXXX

2144408

4 of 5

XXXX

Credit

Program Parameters - Other

XXXX

Per Lender's guides, borrowers living rent free at their principal residence is required to provide a letter from the owner of the property stating the borrower is living rent free. The loan file obtains a letter for the borrower. However, the loan file does not contain a letter or any supporting documentation stating the co-borrower has been living rent free for XXXX years at XXXX, XXXX XXXX, as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144408

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2126962

1 of 4

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Assignment of Leases and XXXX is missing page XXXX of XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ATTACHED

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2126962

2 of 4

XXXX

Credit

Assets - Large Deposits/Unacceptable

XXXX

Recent large deposits were not adequately sourced and/or documented. The XXXX #XXXX dated XXXX/XXXX - XX/XX/XXXX (beginning balance $XXXX) reflected large deposits on XX/XX/XXXX a wire for $XXXX; a deposit XX/XX/XXXX $XXXX; a wire XX/XX/XXXX $XXXX. The loan file did not contain documentation to source the deposits. Per the lender’s guidelines unusually large deposits in bank accounts being used to qualify may require a letter of explanation or evidence they are business related. Large deposits unsourced may be backed out from the ending balance. Omitting the large deposits results in the borrower being short $XXXX in assets. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Documentation uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2126962

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

Lender exception in file as the subject loan does not meet Program Parameters for housing payment history. Per the lender’s guidelines a XXXX-month housing history is required. The XXXX reflects the borrower owns the primary residence for XXXX months and prior had no primary housing expense for over XXXX years. However, a private party VOR was provided. Per the lender’s guidelines if the source of the VOR is a party other than a professional management company, then XXXX months of borrower’s canceled checks or bank statements are required. The file contained receipts reflecting the borrower paid $XXXX monthly in cash from XX/XX/XXXX - XX/XX/XXXX. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Attached

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

Compensating factors: Excellent credit; XXXX% revolving credit utilized

XXXX

2126962

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2131376

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2131376

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2131376

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2139970

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2139970

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2139970

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX.

Cleared

XXXX

2133297

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2133297

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2133297

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX.

Cleared

XXXX

2133448

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2133448

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2133448

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX

Cleared

XXXX

2127946

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2127946

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2127946

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2144428

1 of 6

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The Assignment of Leases and XXXX has the individual listed as the borrower on Pg XXXX rather than being the Entity as signed on Pg XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2144428

2 of 6

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2144428

3 of 6

XXXX

Credit

Credit Report - Alerts

XXXX

The credit report contain a fraud alert which has not been adequately addressed in the loan file. Per the lender's guidelines if the borrower has an alert present on his/her credit report, then the underwriter must complete the FACTA Fraud Alert Verification form to independently verify the borrower’s identity before issuing a clear to close.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
form

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144428

4 of 6

XXXX

Credit

Debts - Not Verified

XXXX

The application lists significant debts that were not verified on the credit report and not independently verified. The loan applicationXXXXs XXXX for $XXXX with a monthly payment of $XXXX. The loan file contained a copy of the note reflecting the principal and interest payment; however, documentation to confirm taxes, insurance and HOA dues were not in the loan file. Per the lender’s guidelines the existing property PITIA (principal, interest, taxes, insurance, and HOA dues) payment must be counted as part of the borrower’s recurring monthly debt obligations. The loan file did not contain documentation to verify these monthly payments. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Additionally, see loan XXXX for confirmation of no HOA dues.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144428

5 of 6

XXXX

Credit

Program Parameters - Other

XXXX

Per the lender's guidelines an OFAC search is required for borrowers, guarantors and any member of the borrowing entity owning XXXX% or more. Title is held in the name of XXXX. The operating agreement shows XXXX has XXXX% ownership interest.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
OFAC for XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2144428

6 of 6

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2136995

1 of 5

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The Notary Acknowledgement Date reflect XX/XX/XXXX; however, the Borrower(s) dated their signature on XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Doc provided

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2136995

2 of 5

XXXX

Compliance

TRID - 10% Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase and/or addition to the following fees was not accepted: Title-Abstract or Title Search Fee, Title-Administration Fee, Title-Attorney's Fees, Title-Delivery Fee, Title-Opinion Fee, Title-Title Search Fee, and Recording Fees. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Borrower shopped for fees

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
SSPL provided indicating the borrower chose. We the lender do not chose the escrow agency, therefore would not be responsible of this and fees are not held to XXXX%

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
XXXX offers attorney services. As such, and appropriate company/provider was in fact disclosed; therefore no cure should be needed.

Rebuttal 4 (XX/XX/XXXX XX:XXPM)
cure docs provided

Rebuttal 5 (XX/XX/XXXX XX:XXAM)
check provided

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. There is a signed Attorney Preference disclosure stating the borrower does not exercise their right to select an attorney. If the borrower selects "we have no preference" that means the Lender is choosing the XXXX aka XXXX (XXXX%). This will be even if the company on the CD is not listed on the SPL. A cost to cure in the amount of $XXXX (Upheld)

Response 2 (XX/XX/XXXX XX:XXPM)
It appears it looks like the borrower was given a choice (given the XXXX disclosure), but given that XXXX requires an attorney and no attorney was listed on the SPL, it seems that the XXXX% is the correct tolerance bucket rather than the unlimited bucket. The unlimited would have been acceptable had an attorney been listed on the SPL, but we don’t agree listing a title company in an attorney state is close enough to accept an argument that they are equivalent. We note that Comment XXXX to 1026.19(e)(3)(iii) provides that “If the creditor permits the consumer to shop consistent with § 1026.19(e)(1)(vi)(A) but fails to provide the written list required under § 1026.19(e)(1)(vi)(C), good faith is determined under § 1026.19(e)(3)(ii) [i.e., XXXX%] instead of § 1026.19(e)(3)(iii) [i.e., unlimited]…” So, while again it seems that the creditor did permit the consumer to shop, the creditor didn’t provide an attorney name on the SPL. As a result, or stance is the foregoing Comment would apply and the XXXX% tolerance should be applied in this instance. A cost to cure in amount of $XXXX. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
With the explanation provided, title fees have been moved to unlimited tolerance. However, the Survey fee being moved to Section C (required fees for closing) and without a Survey provider listed on the SPL, the Survey fee was added to the XXXX% bucket. If a Survey was not required as previously stated, then Section H/Other would be where the fee would reflect this. Cost to cure updated to $XXXX. (XXXX)

Response 4 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to cure the finding. The LOE, PCCD, and XXXX have been provided. The Check Invoice provided is unacceptable as a copy of the refund check. A copy of the refund check is requited for review. (XXXX)

Response 5 (XX/XX/XXXX XX:XXPM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2136995

3 of 5

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the addition to the following fees was not accepted: Survey Fee and State Tax/Stamps. In addition, although there was a valid reason for the addition of the Appraisal Final Inspection Fee the CD issued XX/XX/XXXX was not disclosed within XXXX days of the change that occurred. Per the Appraisal Review on XX/XX/XXXX the Appraisal was completed XXXX to. Also the XXXX dated XX/XX/XXXX reflects the Final Inspection Fee of $XXXX was paid on XX/XX/XXXX. A cost to cure in the amount of $XXXX was required of which $XXXX was cured on the CD. A cost to cure in the amount of $XXXX is still required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
$XXXX was applied for the transfer tax. The survey was not required by the lender, therefore the borrower shopped and there should be no tolerance for this. Please confirm cure of $XXXX needed for app reinspection fee

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
This was an error and corrected on the XXXX/XXXX CD. We do not require a survey, and the borrower chose to shop and the fee was corrected to the right section

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
Updated CD with survey fee in correct section; please confirm correct cure amount.

Rebuttal 4 (XX/XX/XXXX XX:XXPM)
Cure docs provided

Rebuttal 5 (XX/XX/XXXX XX:XXPM)
Documents provided

Response 1 (XX/XX/XXXX XX:XXPM)
The Survey fee was disclosed on the CD issued on XX/XX/XXXX in Section B indicating the borrower was not allowed to shop the fee and held to XXXX% tolerance. A total violation in the amount of $XXXX. XXXX of which $XXXX was reimbursed at closing. A cost to cure in the amount of $XXXX remains. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The Survey fee was disclosed on the CD issued on XX/XX/XXXX in Section B indicating the borrower was not allowed to shop the fee and held to XXXX% tolerance. A total violation in the amount of $XXXX. XXXX of which $XXXX was reimbursed at closing. A cost to cure in the amount of $XXXX remains. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. If a survey was not required for the closing then a PCCD needs to be issued reflecting it in Section H in the Other section where non-required fees would be listed. With the fee being in Section C (required fees for closing) and without a provider listed on the SPL for Survey fee, the Survey is subjected to XXXX%. Cost to cure updated to $XXXX. (XXXX)

Response 4 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. If a survey was not required for the closing then a PCCD needs to be issued reflecting it in Section H in the Other section where non-required fees would be listed. With the fee being in Section C (required fees for closing) and without a provider listed on the SPL for Survey fee, the Survey is subjected to XXXX%. Cost to cure updated to $XXXX. (XXXX)

Response 5 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to cure the finding. The LOE, PCCD, and XXXX have been provided. The Check Invoice provided is unacceptable as a copy of the refund check. A copy of the refund check is requited for review. (XXXX)

Response 6 (XX/XX/XXXX XX:XXPM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2136995

4 of 5

XXXX

Credit

Program Parameters - Other

XXXX

The subject loan does not meet Program Parameters. The subject transaction is the purchase of a primary residence utilizing the XXXX-month business bank statement program. The borrower's departure residence and business are in XXXX; however, the subject property is in XXXX. Per the lender’s guidelines if the borrower is relocating to a different geographical area, prior to considering the income for qualifying purposes, at a minimum the underwriter must: XXXX) Consider and evaluate the acceptance of the company’s service or products in the marketplace. Additional information, such as market studies or relevant industry research may support this evaluation XXXX) Provide a written explanation from the borrower, justifying that the borrower’s income will continue at the same level in the new location. The loan file did not contain evidence the underwriter considered the impact of relocation and did not contain a LOE from the borrower.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
LOE provided

Response 1 (XX/XX/XXXX XX:XXPM)
Explanation received is sufficient. (Resolved)

XXXX

2136995

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2129565

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2129565

2 of 4

XXXX

Credit

Borrower - Residency Alien Documentation

XXXX

The borrower is a permanent resident alien. The front of the card provided; however, the back of the card is also required per the guidelines and is missing from the file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2129565

3 of 4

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

For purchase transaction, hazard policy must extend for a minimum of XXXX months from the date of closing. Date of closing XX/XX/XXXX and hazard policy expire date XX/XX/XXXX which is less than XXXX months from the date of closing.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Investor reviewed and elects to waive. Noted Compensating factors: XXXX qualifying credit score, $XXXX verified reserves

XXXX. XXXX months of reserves.

XXXX

2129565

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2137627

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137627

2 of 3

XXXX

Credit

Program Parameters - LTV

XXXX

Lender exception in file as the subject loan does not meet Program Parameters for LTV. The subject transaction is the purchase of an investment property with a qualifying credit XXXX and a maximum allowable LTV/LCTV of XXXX%. The appraisal reflects the subject property is in a declining market which requires a XXXX% reduction to the LTV/CLTV. As a result, the maximum allowable LTV was XXXX%. The subject loan was approved with at XXXX% LTV/CLTV. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ATTACHED

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Compensating Factors: Monthly reserves are verified and at least XXXX months more than guidelines minimum; XXXX higher than XXXXx and at least 0.1x higher than guideline minimum

XXXX

2137627

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2144406

1 of 6

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144406

2 of 6

XXXX

Credit

Credit Report - Other

XXXX

The loan file is missing a gap credit or undisclosed debt monitoring report required within `XXXX days prior to loan closing or any time after as required per investor guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
UDM

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2144406

3 of 6

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please void, this is not a requirement.

Response 1 (XX/XX/XXXX XX:XXPM)
Not required for XXXX. (Void)

XXXX

2144406

4 of 6

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The hazard insurance policy provided includes dwelling coverage up to $XXXX with a replacement cost estimate of $XXXX. Investor guidelines require coverage of the lessor of the replacement cost or the unpaid principle balance of the mortgage which is $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
updated

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2144406

5 of 6

XXXX

Credit

Program Parameters - Other

XXXX

The loan file contains a lender exception allowing for the square footage of units to be smaller than XXXX. dt. per unit. The subject has XXXX units with #XXXX and #XXXX being XXXX. ft. each. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
approval

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

Compensating Factors: Good XXXX- XXXX reserves XXXX months- Experienced Investor.

XXXX

2144406

6 of 6

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2142406

1 of 4

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The notary page for each borrower has reference to a borrower that did not sign.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Mortgage was corrected before recording. Note, the ALR rider is in process of being re-recorded.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Mtg rerecorded

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The corrected Mortgage has been provided. However, the notary section is incorrect. The borrower, XXXX, signed the Mortgage XX/XX/XXXX and the notarization for this borrower is dated XX/XX/XXXX. The borrower, XXXX, signed the Mortgage XX/XX/XXXX and the notarization for this borrower is dated XX/XX/XXXX. The notarization cannot be dated prior to the date of signing. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2142406

2 of 4

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The borrower is an entity. The 1st page of the Assignment of Rents lists the borrowers as an Individual; the entity name should be listed.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ALR rider rerecorded

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2142406

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2142406

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2139475

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2139475

2 of 3

XXXX

Credit

Credit Report - Alerts

XXXX

The credit report contains a fraud alert which has not been adequately addressed in the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
facta form

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2139475

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2129572

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2129572

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2129572

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2137005

1 of 5

XXXX

Compliance

TRID - CD/Lender Credits that Cannot Decrease (Disclosure Timing Fail)

XXXX

The loan failed the Lender Credits that Cannot Decrease Test. Because the loan failed the initial CD delivery date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following decrease: Lender Credit. A cost to cure in the amount of $XXXX is required. The violation may be cured if documentation is provided showing the disclosure was delivered timely.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ATTACHED

Response 1 (XX/XX/XXXX XX:XXAM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2137005

2 of 5

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ATTAHED

Response 1 (XX/XX/XXXX XX:XXAM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2137005

3 of 5

XXXX

Compliance

TRID - Zero Tolerance Violation (Disclosure Timing Fail)

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ATTACHED

Response 1 (XX/XX/XXXX XX:XXAM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2137005

4 of 5

XXXX

Credit

Assets - Minimum Reserves

XXXX

The subject loan does not meet Program Parameters for use of business assets. The subject transaction is the purchase of a primary residence. Per the lender’s guidelines less than XXXX% ownership requires an access letter from partners allowing the use of the business funds by the borrower. The business account with XXXX #XXXX, in the name of XXXX was used towards reserves. The Operating Agreement confirms the borrower is XXXX% owner of the business. An access letter from the other partner was not found in the loan file. Additionally, a signed letter from a CPA/licensed tax preparer or a satisfactory Cash Flow Analysis (CFA) completed by the underwriter is required to verify that the withdrawal of funds for the transaction will not have a negative impact on the business and its continued operations. As a result, the borrower was short $XXXX in reserves.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2137005

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2136004

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2136004

2 of 3

XXXX

Credit

Assets - Minimum Reserves

XXXX

The loan file is short required reserves of $XXXX. POC $XXXX, Cash to Close $XXXX and Reserves = $XXXX and assets provided from XXXX account only $XXXX therefore short reserves of $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
updated assets

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2136004

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2137006

1 of 6

XXXX

Compliance

HOC - Missing

XXXX

The Homeownership Counseling Disclosure (HOC) is missing. Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.20(a)

Acknowledged

XXXX

2137006

2 of 6

XXXX

Credit

Assets - Authorization

XXXX

The file does not contain authorization for funds access from business holder. A business account with XXXX #XXXX was used for funds to close. Per the lender's guidelines assets from the borrower’s business are acceptable source of funds for the down payment, closing costs, and reserves provided the following requirements are met: Less than XXXX% ownership requires an access letter from partners allowing the use of the business funds by the borrower. The CPA Letter and Business Narrative reflected the borrower was XXXX% owner of the business. An access letter for use of business funds from the other business owner is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Letter provided

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2137006

3 of 6

XXXX

Credit

Assets - Earnest Money Deposit

XXXX

The earnest money deposit was not properly documented and/or sourced. The subject transaction was the purchase of a for sale by owner, purchased by the borrower from the current landlord. Therefore, the transaction is non-arm’s length and at-interest party transaction. Per the lender’s guidelines for this type of transaction a cancelled check verifying the earnest money deposit is required. The loan file only contained a bank statement showing a $XXXX withdrawal was made; however, a copy of the check was not provided as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Doc provided

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2137006

4 of 6

XXXX

Credit

Program Parameters - Other

XXXX

The subject loan does not meet Program Parameters for housing history. The subject transaction was the purchase of a for sale by owner, purchased by the borrower from the current landlord. Therefore, the transaction is non-arm’s length and at-interest party transaction. Per the lender’s guidelines a VOR is not acceptable. Cancelled checks are required to prove timely payments. The loan file contained did not contain a cancelled check for December and February rent payment of $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Dec and Feb payments

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2137006

5 of 6

XXXX

Credit

Program Parameters - Other

XXXX

The subject transaction was the purchase of a for sale by owner, purchased by the borrower from the current landlord. Therefore, the transaction is non-arm’s length and at-interest party transaction. Per the lender’s guidelines a letter of explanation is required indicating the relationship between buyer and seller.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
LOE provided

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2137006

6 of 6

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2136994

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2136994

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136994

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports value.

Cleared

XXXX

2137013

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137013

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137013

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2155530

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155530

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file contains a lender exception to allow a property that is less than XXXX square feet, the subject is a condo at XXXX square feet. Determined non-material based on compensating factors. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

Compensating factors: XXXX, LTV <XXXX%

XXXX

2155530

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153253

1 of 3

XXXX

Compliance

TRID - CD - Loan Disclosures/Escrow Account

XXXX

The Escrow Account Disclosure on the CD issued on XX/XX/XXXX is inaccurate due to the following: The No Escrow Table is inaccurate. There is no box checked as to if XXXX's were declined or your lender does not offer one. Truth in XXXX (Regulation Z) 12 CFR 1026.38(l)(7)

Acknowledged

XXXX

2153253

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153253

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2136997

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2136997

2 of 3

XXXX

Credit

Appraisal - Other

XXXX

The guidelines indicate when the appraisal reflects legal non-conforming zoning for the subject property; a letter must be obtained from the local building authority or appraiser to confirm that the property can be rebuilt "as is" in the event of partial or total destruction. The loan file is missing a letter confirming the property can be rebuilt "as is" in the event of partial or total destruction.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
letter provided

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2136997

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value.

Cleared

XXXX

2141278

1 of 4

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Collateral desktop analysis. The loan fails the prohibited fees test by $XXXX. The loan charged more than one appraisal fee. (XXXX Fin. Code §XXXX)

Acknowledged

XXXX

2141278

2 of 4

XXXX

Compliance

TRID - CD - Revised CD Delivery Date (Waiting Period, Loan Product Change)

XXXX

The loan failed the Revised Closing Disclosure delivery date test (waiting period required). A Loan Product Change required a revised Closing Disclosure. The XXXX CD issued on XX/XX/XXXX was not received by the borrower at least three business days prior to the Consummation Date, XX/XX/XXXX.

Upheld

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Waiting period was not required to be re-opened as the loan product did not change as it is still a fixed rate loan. See final Mavent compliance report, "Corrected Closing Disclosure No Later Than XXXX Business Days Before Consummation (Inaccurate Loan Product)(1000611)" top of page XXXX of XXXX to confirm.

Response 1 (XX/XX/XXXX XX:XXAM)
Change from interest-only to non-interest-only constitutes a change in amortization and a disclosed loan product feature under §1026.37(a)(10), triggering a new XXXX-day waiting period under §1026.19(f)(2)(ii)(B). (XXXX)

XXXX

2141278

3 of 4

XXXX

Credit

Title Commitment - Other

XXXX

The lender's name as the proposed insured and the proposed insured amount is missing from the title commitment.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
supp title

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2141278

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Cleared

XXXX

2139472

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2139472

2 of 3

XXXX

Credit

Assets - Authorization

XXXX

The file does not contain authorization for funds access from the business holder. A business account with XXXX #XXXX and XXXX CU #XXXX was used for funds to close and reserves. Per the lender's guidelines assets from the borrower’s business are acceptable source of funds for the down payment, closing costs, and reserves provided the following requirements are met: Less than XXXX% ownership requires an access letter from partners allowing the use of the business funds by the borrower. The CPA Letter and Business Narrative reflected the borrower was XXXX% owner of the business. An access letter for use of business funds from the other business owner is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX is XXXX% owner and only XXXX% of the business assets were used which the borrower is entitled to by there ownership. CPA letter is also in file confirming no negative impact by the use of business assets. This was documented on the XXXX.

Response 1 (XX/XX/XXXX XX:XXPM)
Explanation received is sufficient. (Resolved)

XXXX

2139472

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2151737

1 of 3

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2151737

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2151737

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2137630

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137630

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137630

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2133459

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2133459

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

XXXX provided for use of rental income to qualify when the property has been owned since XXXX/XXXX and borrower recently started renting the property on XX/XX/XXXX. Only XXXX month of documented receipt for rental income & security deposit is provided. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
approval

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Compensating Factors: Borrower has worked in same job more than XXXX years, Borrower has worked in same industry more than XXXX years

XXXX

2133459

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2142412

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2142412

2 of 3

XXXX

Credit

Appraisal - Other

XXXX

There are additional appraisal findings. The subject appraisal reflects the lender/client to be "XXXX". According to the note the lender is "XXXX.". The loan file did not contain a transfer letter.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Escalated.

Response 1 (XX/XX/XXXX XX:XXPM)
Explanation received is sufficient. (Resolved)

XXXX

2142412

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153254

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153254

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153254

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX.

Cleared

XXXX

2155532

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155532

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155532

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2137636

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137636

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137636

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2151738

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2151738

2 of 4

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

The credit report is dated XX/XX/XXXX and the loan closed XX/XX/XXXX. Guidelines require a gap credit or undisclosed debt monitoring report no more than XXXX days prior to loan closing or any time after closing and is missing from the file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
gap cr

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2151738

3 of 4

XXXX

Credit

Verification Documentation - VOR

XXXX

The file contains the front of rent checks made out to an individual; however, not cancelled checks as required per the guidelines. File does contain bank statements with XXXX confirming; however, just XXXX checks cleared verified not XXXX months as required per the guidelines. Verification of XXXX months rental payments not documented according to the guidelines for the co-borrower.

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: XXXX qualifying credit score, $XXXX residual income, $XXXX reserves

XXXX Score. XXXX% DTI. $XXXX per month residual income.

XXXX

2151738

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2137641

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137641

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137641

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2137637

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137637

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137637

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2137642

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137642

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137642

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU Score of XXXX

Cleared

XXXX

2144446

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144446

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144446

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2139975

1 of 3

XXXX

Compliance

TRID - Zero Tolerance Violation (Revised Disclosure Late)

XXXX

The loan failed the charges that cannot increase test. Because the change occurred on XX/XX/XXXX, and consumer was not provided the disclosure within XXXX days of the change, the increase to the following fees was not accepted as valid: Credit Report fee. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
correct cure amount is XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2139975

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2139975

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2144432

1 of 3

XXXX

Compliance

Security Instrument - Missing Rider/Addendum

XXXX

The following referenced Rider is missing: Assignment of Rents Rider.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ALR

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2144432

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144432

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX.

Cleared

XXXX

2142413

1 of 4

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
econsent, ICD

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2142413

2 of 4

XXXX

Compliance

TRID - Zero Tolerance Violation (Disclosure Timing Fail)

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
ICD issued/viewed on XXXX/XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2142413

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The subject loan does not meet Program Parameters for a cash-out refinance. The loan file contained an escrow waiver. The title cert reflected the property taxes were delinquent. The closing disclosure reflected delinquent property taxes paid to XXXX. Per the lender’s guidelines no portion of the loan proceeds may be used to pay delinquent property taxes (taxes past due more than XXXX days) on a cash-out refinance transaction.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Only supplemental tax of XXXX paid at closing was delinquent, the general property taxes are current. Escrow for insurance only however there was no pricing hit for escrow waiver.

Response 1 (XX/XX/XXXX XX:XXAM)
An Investor exception will be required. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: XXXX% DTI, XXXX qualifying credit score, $XXXX monthly residual income, self-employed XXXX years

XXXX. XXXX% DTI. XXXX months of reserves.

XXXX

2142413

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2152710

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152710

2 of 4

XXXX

Credit

DTI - Exceeds Guidelines

XXXX

The DTI exceeds Originator Guidelines. The DTI was XXXX% and the LTV was XXXX%. The maximum DTI allowed is XXXX% for an LTV over XXXX%.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Documentation uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2152710

3 of 4

XXXX

Credit

Verification Documentation - VOR

XXXX

The guidelines indicate when the Borrower is currently renting, the most recent XXXX months or a portion of the last XXXX months in which the borrower was renting must be documented. In addition, if the source of the VOR is a party other than a professional management company, then XXXX months of borrower’s canceled checks or bank statements is required. The XXXX currently rents from a private landlord and the loan file only contains bank statements verifying the most recent XXXX months payments (XX/XX/XXXX - XX/XX/XXXX).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
VOR provided

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2152710

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX

Cleared

XXXX

2141266

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2141266

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2141266

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2141231

1 of 3

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fee was not accepted: XXXX (XX/XX/XXXX). A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ATTACHED

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2141231

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2141231

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2144451

1 of 4

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The Assignment of Leases and XXXX have the individuals listed as the borrowers on Pg XXXX rather than being the Entity as signed on Pg XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ALR to be re-recorded

Response 1 (XX/XX/XXXX XX:XXAM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2144451

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2144451

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144451

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2153267

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Credit Report was paid FBO the Broker. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2153267

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153267

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Cleared

XXXX

2154920

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX . The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2154920

2 of 3

XXXX

Credit

Debts - Not Verified

XXXX

The DTI did not reflect all the borrower's debts resulting in a DTI that exceeds allowable tolerances. At origination, the following revolving debts were omitted from the borrower’s DTI: XXXX #XXXX, XXXX #XXXX, XXXX #XXXX, XXXX #XXXX, XXXX #XXXX, XXXX #XXXX, XXXX #XXXX, XXXX #XXXX, XXXX #XXXX, XXXX/XXXX #XXXX, XXXX #XXXX, and XXXX #XXXX. Per the lender’s guidelines if the debt is reflected on the borrower’s personal credit report, the borrower is personally liable for the debt, and it must be included in the debt-to-income ratio. Only business debts can be omitted if it can be tied to business related activities (i.e. – vehicle, residential mortgage debt). There is no indication that the credit cards are related to business activity. As a result, these monthly obligations should be included in the DTI. Including the omitted liabilities results in a DTI of XXXX% which exceeds the maximum allowable of XXXX%.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
LOX

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Escalated.

Response 1 (XX/XX/XXXX XX:XXPM)
LOX provided does not contain supporting documentation. Evidence that the business covers all referenced debt and mortgage payment. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2154920

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2144671

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144671

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144671

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX.

Cleared

XXXX

2141252

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2141252

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2141252

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2155521

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155521

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155521

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2154902

1 of 3

XXXX

Compliance

TRID - CD - $100 Tolerance Threshold/Non-Rescindable

XXXX

The loan failed the TILA Finance Charge tolerance test. Per Regulation Z, the Finance Charge is considered inaccurate if the disclosed Finance Charge is understated by more than $XXXX. The final (last revised) CD issued on XX/XX/XXXX has a disclosed Finance Charge of $XXXX, which is less than the system calculated Finance Charge of $XXXX. The Finance Charge on the final CD is understated by $XXXX which is more than the allowable tolerance of $XXXX. The following fees were included in the Finance Charge calculation: Electronic Document Delivery Fee $XXXX, Recording Service Fee $XXXX, Flood Certification $XXXX, Loan Origination Fee $XXXX, Mobile Signing Fee $XXXX, Prepaid Interest $XXXX , Processing Fee $XXXX, Settlement Fee $XXXX, Tax Service Fee $XXXX, Courier Fee $XXXX, Underwriting Fee $XXXX, and XXXX Fee $XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
ATTACHED

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Attached

Response 1 (XX/XX/XXXX XX:XXPM)
The Mavent report provided states that the disclosed finance charge is $XXXX, however that is not the disclosed amount on the final CDs. The CD issued at closing dated XX/XX/XXXX (version XXXX with cash to close $XXXX) as well as the PCCD issued on XX/XX/XXXX has a disclosed finance charge of $XXXX. Cost to cure remains. (XXXX)

XXXX

2154902

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

XXXX provided for overdraft and NSF limits being exceeded. Borrower evidences XXXX ODs and XXXX in the most recent XXXX moperiod. Guidelines limit XXXX for both per XXXX XXXX. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Attached

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Compensating Factors: Reserves exceed XXXX months, DTI XXXX%, Residual income exceed $XXXX

XXXX

2154902

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2139983

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2139983

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2139983

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX, which supports value.

Cleared

XXXX

2139474

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2139474

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2139474

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2154900

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154900

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154900

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2148786

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note is incomplete: The entity name and the signor's title is not referenced in the signature section of the prepayment addendum to the note.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
corr adden

Response 1 (XX/XX/XXXX XX:XXPM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2148786

2 of 4

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The borrower(s)' name(s) on the Security Instrument Assignment of Rents Rider page XXXX, is inconsistent with the Note. The Prepayment Rider does list the name of the borrower an entity, but rather lists the name of the entity member without respective title. The Prepayment Rider does not reference the entity name and the signor's title in the signature section.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PP & ALR Riders to be re-recorded

Response 1 (XX/XX/XXXX XX:XXPM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2148786

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2148786

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX which supported the appraised value.

Cleared

XXXX

2155523

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155523

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155523

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2141246

1 of 3

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fee was not accepted: XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
cured

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2141246

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2141246

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX6 which supports the original appraised value.

Cleared

XXXX

2137665

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137665

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

The subject loan does not meet Program Parameters for housing payment history. The loan application reflects the borrower owns their primary residence for XXXX months and the prior residence was owned for XXXX years. The credit report only reflects a mortgage history for XXXX months. A prior mortgage history was not reflected. Per the lender’s guidelines the most recent XXXX months housing payment history must be documented for the primary residence with one of the following: credit report or credit supplement, loan payment history from the Lender/Servicer, most recent XXXX consecutive months of the borrower’s canceled checks or bank statements, or a VOM. A XXXX-month housing payment history was not provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See rent free letter for prior XXXX months of missing VOM period

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2137665

3 of 3

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

Value is not supported within 10% of original appraisal amount. The loan file did not contain a CDA, Field Review, or 2nd Appraisal to support the origination appraised value. The loan file did not contain a CDA.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
cda

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2142445

1 of 5

XXXX

Compliance

TRID - eConsent/Disclosure Timing Violation

XXXX

The eConsent obtained on XX/XX/XXXX, for the non borrower, was not dated until after the electronically delivered CD issued on XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX accepted on XXXX/XXXX, see attached. NBS accepted on XXXX/XXXX not borrower.

Response 1 (XX/XX/XXXX XX:XXPM)
The information provided is sufficient to clear the finding. (Resolved)

XXXX

2142445

2 of 5

XXXX

Credit

Appraisal - Other

XXXX

The guidelines indicate properties without carbon monoxide (XXXX) detectors, smoke detectors, or proper strapping of water heater (as determined by the appraiser) are ineligible for financing. The appraiser noted within the appraisal report that only smoke detectors are required and were not observed. It should also be noted, The appraisal reflects that the subject property is "tenant" occupied vs. "owner" occupied.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
appraisal revised & attestation attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2142445

3 of 5

XXXX

Credit

Credit Report - Other

XXXX

The guidelines indicate a gap credit or Undisclosed Debt Monitoring report is required no more than XXXX days prior to loan closing or any time after closing. The loan file is missing a gap credit or Undisclosed Debt Monitoring report.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
UDM

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2142445

4 of 5

XXXX

Credit

Title Commitment - Other

XXXX

The Title Commitment, Schedule B reflects a required release or satisfaction of a lien in favor of the XXXX, SDFL, in the amount of $XXXX, recorded XXXX . The lien record date is prior to the XXXX's acquisition date (XX/XX/XXXX) of the property, however, it doesn't appear to have been addressed and the removal or deletion confirmed at origination.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Affidavit

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2142445

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX

Cleared

XXXX

2152699

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152699

2 of 3

XXXX

Credit

Credit Report - Other

XXXX

There are additional credit findings. The loan file did not contain a gap credit report or Undisclosed Debt Monitoring report, dated no more than XXXX days prior to loan closing or any time after closing as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
UDM provided

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2152699

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score XXXX.

Cleared

XXXX

2152700

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152700

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152700

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value.

Cleared

XXXX

2137655

1 of 3

XXXX

Compliance

HUD1 - Not Final

XXXX

It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX

Acknowledged

XXXX

2137655

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137655

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX.

Cleared

XXXX

2155524

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155524

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155524

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU Score of XXXX

Cleared

XXXX

2155525

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155525

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155525

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Cleared

XXXX

2153255

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153255

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153255

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX

Cleared

XXXX

2154907

1 of 3

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Appraisal . A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Upheld

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
ATTACHED

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to cure the finding. The COC provided on XX/XX/XXXX does not provide a valid reason for the increase of the Appraisal fee without more details. The COC does not state why the fee increased. Provide information as to why the Appraisal fee increased. A cost to cure in the amount of $XXXX remains. (XXXX)

XXXX

2154907

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154907

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2139477

1 of 3

XXXX

Compliance

HUD1 - Missing (All)

XXXX

There is no evidence of a HUD-XXXX Settlement Statement provided in the loan file. As a result the following reviews could not be performed: TILA Accuracy, MDIA, Agency Points and Fees, and final HUD-XXXX accuracy. Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.8(a)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
HUD provided

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2139477

2 of 3

XXXX

Credit

DSCR - Missing HUD

XXXX

The loan file is missing the Final HUD-XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
HUD provided

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2139477

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX.

Cleared

XXXX

2154906

1 of 4

XXXX

Compliance

HUD1 - Not Final

XXXX

It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX

Acknowledged

XXXX

2154906

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

This loan failed the prepayment test. The loan has a prepayment amount that does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum prepayment penalty amount of XXXX; the loan has a prepayment penalty amount of XXXX. The loan fails the prepayment test by XXXX. Borrower is an LLC.

Acknowledged

XXXX

2154906

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX in file for a DSCR < XXXX. However, upon Audit Review, the DSCR is XXXX and an Exception would not be required. Client to approve downgrading finding based on compensating factors. ?

Void

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Exception was cancelled because DSCR is XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
No finding or waiver required. (Void)

Compensating Factors: XXXX XXXX, Experienced Investor, XXXX months PITI Reserves

XXXX

2154906

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX

Cleared

XXXX

2154905

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154905

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154905

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX.

Cleared

XXXX

2155526

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155526

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155526

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX.

Cleared

XXXX

2144696

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Prepayment Addendum to Note was signed as an Individual and not as a member of the Entity like the Note.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
adden & tracking

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2144696

2 of 4

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The Prepayment Rider was signed as an Individual and not as a member of the Entity like the security instrument.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Settlement Agent corrected PP Rider before recording.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2144696

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144696

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2152707

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152707

2 of 3

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

Guidelines require if the fraud report identifies any social security alerts, alert must be cleared. The XXXX Report picked up an alert on the borrower's SSN. Review of the underwriter summary reflects SSA89 required to clear the alert and is missing from the file.

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: XXXX% DTI, $XXXX residual income, XXXX qualifying credit score, Self-employed XXXX years, 0x30x89 mortgage history

XXXX. XXXX% DTI. $XXXX per month residual income.

XXXX

2152707

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2153256

1 of 3

XXXX

Compliance

HUD1 - Not Final

XXXX

It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX

Acknowledged

XXXX

2153256

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153256

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX.

Cleared

XXXX

2152703

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152703

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152703

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU Score of XXXX

Cleared

XXXX

2148768

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2148768

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2148768

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX.

Cleared

XXXX

2152701

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152701

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152701

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2142418

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2142418

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2142418

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX.

Cleared

XXXX

2152702

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152702

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152702

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2142432

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The Assignment of Leases and XXXX has the individual listed as the borrower on Pg XXXX rather than being the Entity as signed on Pg XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Recorded mortgage with correct page provided

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2142432

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2142432

3 of 3

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal to support the origination appraised value. The loan file did not contain a CDA. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
CU score is a XXXX no CDA needed

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
CDA is not required because the CU score is under XXXX which is acceptable per our guideliines

Response 1 (XX/XX/XXXX XX:XXPM)
Section XXXX requires a CDA. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Resolved)

XXXX

2154923

1 of 3

XXXX

Compliance

HUD1 - Not Final

XXXX

It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX

Acknowledged

XXXX

2154923

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154923

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score XXXX.

Cleared

XXXX

2154909

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154909

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154909

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value.

Cleared

XXXX

2152704

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152704

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152704

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score is XXXX.

Cleared

XXXX

2155528

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2155528

2 of 3

XXXX

Credit

Credit Report - Alerts

XXXX

The credit report contains a fraud alert which has not been adequately addressed in the loan file.

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: XXXX qualifying credit score, XXXX% DTI, $XXXX reserves, $XXXX residual income

XXXX. XXXX% DTI. $XXXX per month residual income.

XXXX

2155528

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2153269

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153269

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153269

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2141274

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2141274

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2141274

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2155529

1 of 4

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The XXXX to the mortgage reflected the borrowers' names as individuals on page XXXX of the rider; however, the names should have been reflected as the entity name.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
corrective aff provided

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2155529

2 of 4

XXXX

Credit

Income - Rental Property/Missing Lease

XXXX

The rental income was not properly documented per guidelines. Lease agreement is required but missing from the loan file. The appraisal refects the property as tenant occupied with a lease amount of $XXXX; however, a copy of the actual lease is not present in the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Doc provided

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
This has been effective for over XXXX years, and is sufficient

Response 1 (XX/XX/XXXX XX:XXAM)
Only a lease extension was provided. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Agreed. Documentation is sufficient. (Resolved)

XXXX

2155529

3 of 4

XXXX

Credit

Title Commitment - Missing/Incomplete

XXXX

The title commitment is missing. The loan file does not contain a copy pf the title commitment or policy as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Title provided

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2155529

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX.

Cleared

XXXX

2144680

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144680

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144680

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports value.

Cleared

XXXX

2144681

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2144681

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144681

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2152705

1 of 3

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

TheAssignment of Leases and XXXX have the individual listed as theborrower on Pg XXXX rather than being the Entity as signed on Pg XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2152705

2 of 3

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent. Hazard policy provided does not reflect All Perils coverage.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please waive this is not needed

Response 1 (XX/XX/XXXX XX:XXAM)
Not required for XXXX. (Void)

XXXX

2152705

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU dated XX/XX/XXXX with a score of XXXX was provided and supported the appraised value.

Cleared

XXXX

2148775

1 of 4

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ATTACHED

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2148775

2 of 4

XXXX

Compliance

TRID - Zero Tolerance Violation (Disclosure Timing Fail)

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ATTACHED

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Confirm cost to cure

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
Attached

Rebuttal 4 (XX/XX/XXXX XX:XXPM)
Check attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The Initial CD has been provided and updated testing still results in a XXXX% tolerance violation. The Transfer Taxes increased on the CD issued on XX/XX/XXXX. The COC provided in the loan file for the increase is dated after the increase XX/XX/XXXX and does not provide a reason why. Please provide a valid reason as to why the Transfer Taxes increased. A cost to cure in the amount of $XXXX. XXXX remains. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The Initial CD has been provided and updated testing still results in a XXXX% tolerance violation. The Transfer Taxes increased on the CD issued on XX/XX/XXXX. The COC provided in the loan file for the increase is dated after the increase XX/XX/XXXX and does not provide a reason why. Please provide a valid reason as to why the Transfer Taxes increased. A cost to cure in the amount of $XXXX. XXXX remains. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to cure the finding. The LOE, PCCD, and Poof of Delivery have been provided. A copy of the refund check is required. (XXXX)

Response 4 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2148775

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2148775

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2152706

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152706

2 of 3

XXXX

Credit

Credit Report - Other

XXXX

Credit Report - Other. There are additional credit findings. The loan file did not contain a gap credit report or Undisclosed Debt Monitoring report, dated no more than XXXX days prior to loan closing or any time after closing as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
UDM

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2152706

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supported the appraised value.

Cleared

XXXX

2152720

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152720

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152720

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2155520

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155520

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155520

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2152709

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Credit report fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2152709

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152709

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2144691

1 of 4

XXXX

Compliance

TRID - CD/Lender Credits that Cannot Decrease (Disclosure Timing Fail)

XXXX

The loan failed the Lender Credits that Cannot Decrease Test. Because the loan failed the rate lock delivery test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following change of fee: lender credits. A cost to cure in the amount of $XXXX is required. The violation may be cured if documentation is provided showing the disclosure was delivered timely

Upheld

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
CD and proof of delivery

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is not sufficient to clear the finding. The CD issued on XX/XX/XXXX has been provided. The COC issued on XX/XX/XXXX states there is a change in Lender Fees but does not disclose why the change occurred to determine if it is a valid reason. Please provide a detailed COC for review. A cost to cure in the amount of $XXXX remains. (XXXX)

XXXX

2144691

2 of 4

XXXX

Compliance

TRID - Zero Tolerance Violation (Disclosure Timing Fail)

XXXX

The loan failed the charges that cannot increase test. Because the loan failed the rate lock delivery test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following addition: loan discount points. A cost to cure in the amount of $XXXX is required. A Cost to cure of $XXXX was applied toward credit report fee increase. The violation may be cured if documentation is provided showing the disclosure was delivered timely.

Upheld

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
CD and proof of delivery

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is not sufficient to clear the finding. The CD issued on XX/XX/XXXX has been provided. The rate was locked on XX/XX/XXXX. The addition of the Points - Loan Discount fee in the amount of $XXXX, XXXX was not disclosed to the borrower within XXXX days as required. A cost to cure in the amount of $XXXX, XXXX remains. (XXXX)

XXXX

2144691

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144691

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2154930

1 of 5

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

Acknowledged

XXXX

2154930

2 of 5

XXXX

Compliance

TRID - 10% Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Recording fee. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Final CD and SS provided showing decreased recording fees

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2154930

3 of 5

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable

XXXX

Non- Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The initial closing disclosure date XX/XX/XXXX is less than three business days before the consummation date XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
icd provided

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2154930

4 of 5

XXXX

Credit

Assets - Other

XXXX

Verification of the transfer and receipt of gift funds in the amount of $XXXX was not provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
gift provided

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2154930

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2152717

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152717

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152717

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU dated XX/XX/XXXX with a score of XXXX was provided and supported the appraised value.

Cleared

XXXX

2155566

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155566

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

The appraisal reflects the subject property is a SFR with one ADU. Per the appraiser comments this description is incorrect. The appraiser states the subject consists of two houses on one lot which is supported by the photographs. The one to the north has an address of XXXX and the one to the south an address of XXXX, each with their own electric and gas meter. The appraiser states the appraisal was completed has a SFR with an ADU at the lender’s request. Per the lender’s guidelines properties/lots with more than XXXX SFR/dwelling are generally not eligible.

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: XXXX qualifying credit score, $XXXX residual income

XXXX. XXXX months of reserves.

XXXX

2155566

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2154910

1 of 6

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154910

2 of 6

XXXX

Credit

Assets - Other

XXXX

Business assets used for funds to close. Guidelines require one of the following to verify withdrawal of funds will not have a negative impact on the business and its operations and is missing from the file as required: signed letter from CPA/tax preparer, cash flow analysis completed by the underwriter, or other underwriter justification documented in the file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Attached

Response 1 (XX/XX/XXXX XX:XXPM)
Explanation received is sufficient. (Resolved)

XXXX

2154910

3 of 6

XXXX

Credit

Credit - Other

XXXX

The lender reflected on the appraisal is XXXX and the Note reflects XXXX. An appraisal transfer letter from XXXX to XXXX. with AIR Cert is missing from the file as required.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX is the broker on this loan

Response 1 (XX/XX/XXXX XX:XXPM)
Guide does not require a transfer letter. (Void)

XXXX

2154910

4 of 6

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

Credit report dated XX/XX/XXXX and loan closed XX/XX/XXXX. Guidelines require a gap credit or Undisclosed Debt Monitoring report no more than XXXX days prior to the loan closing or anytime after and is missing from the file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
UDM

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2154910

5 of 6

XXXX

Credit

Credit Report - Inquiries

XXXX

The credit report dated XX/XX/XXXX reflects a recent inquiry within XXXX days with XXXX on XX/XX/XXXX that was not addressed as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
LOE

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2154910

6 of 6

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score is XXXX.

Cleared

XXXX

2155531

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155531

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155531

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2154911

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154911

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154911

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2141268

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2141268

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2141268

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2148779

1 of 3

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Credit report. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
CURE

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2148779

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2148779

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX.

Cleared

XXXX

2153260

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153260

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153260

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2153262

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153262

2 of 3

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

Credit report dated XX/XX/XXXX and loan closed XX/XX/XXXX. Guidelines require a gap credit or Undisclosed Debt Monitoring report no more than XXXX days prior to loan closing or any time after closing and is missing from the file as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
udm provided

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2153262

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. File contains CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2155534

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155534

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155534

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX.

Cleared

XXXX

2155537

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155537

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155537

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports value.

Cleared

XXXX

2155536

1 of 3

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ATTACHED

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2155536

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155536

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2155543

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155543

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155543

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2154912

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154912

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

The subject loan does not meet ProgramParameters for a cash-out refinance. The loan file contained an escrow waiver. The title reflected property tax liens from XXXX-XXXX. The closing disclosure reflected the tax liens were paid off at closing. Per the lender’s guidelines no portion of the loan proceeds may be used to pay delinquent property taxes (taxes past due more than XXXX days) on a cash-out refinance transaction.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
exception provided

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX granted,by Investor. (Waived)

XXXX. XXXX% LTV. XXXX% LTV.

XXXX

2154912

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2152713

1 of 3

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Credit report. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
CURE

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2152713

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2152713

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2154924

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154924

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154924

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2148785

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2148785

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2148785

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX.

Cleared

XXXX

2155540

1 of 5

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The XXXX states that the borrower appeared before them on XX/XX/XXXX, but the borrower signed on XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Page XXXX has a date correction on the notary.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2155540

2 of 5

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable

XXXX

Non- Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The CD issued on XX/XX/XXXX was not received by the borrower at least three business days prior to the Consummation Date XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
ICD provided

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2155540

3 of 5

XXXX

Compliance

TRID - Zero Tolerance Violation (Disclosure Timing Fail)

XXXX

The loan failed the charges that cannot increase test. Because the loan failed the Initial Closing Disclosure Delivery Date Test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following additions/increases: Points. A cost to cure in the amount of $XXXX is required. The violation may be cured if documentation is provided showing the disclosure was delivered timely.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
ICD provided

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2155540

4 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155540

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2155553

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155553

2 of 3

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

The credit report is dated XX/XX/XXXX and the loan closed XX/XX/XXXX. Guidelines require a gap report or Debt Monitoring report no more than XXXX days prior to the loan closing or any time after and is missing from the file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
new inquiry after closing

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2155553

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2154916

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154916

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154916

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX.

Cleared

XXXX

2153265

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2153265

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153265

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2154914

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154914

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154914

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports value.

Cleared

XXXX

2155571

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155571

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155571

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2153266

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153266

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153266

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX.

Cleared

XXXX

2154915

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154915

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154915

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Cleared

XXXX

2155541

1 of 5

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2155541

2 of 5

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2155541

3 of 5

XXXX

Compliance

State HPML

XXXX

This loan failed the XXXX XXXX higher-priced mortgage loan test. (XXXX XXXX, XXXX Financial Code Division XXXX 4995(a)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XXXX Financial Code. The loan is compliant HPML. Escrow, appraisal. and prepayment requirements have been met.

Acknowledged

XXXX

2155541

4 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155541

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2152718

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152718

2 of 4

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

Not all required credit reports are within the file. The most recent credit report is dated XX/XX/XXXX and the loan closed on XX/XX/XXXX. Guidelines require a gap credit report or undisclosed debt monitoring report no more than XXXX days prior to the closing date which is missing from the file. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ATTACHED

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2152718

3 of 4

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
This is not required - please reivew

Response 1 (XX/XX/XXXX XX:XXAM)
Not required for the XXXX. (Void)

XXXX

2152718

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2154918

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154918

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The lease agreement provided for the subject property reflects "XXXX" as the XXXX and not the Borrowing Entity or Guarantor, "XXXX and/or XXXX. The loan file is missing Property Management Agreement between XXXX, XXXX and XXXX and/or XXXX or documentation to support XXXX and/or XXXX has ownership interest in XXXX, XXXX.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Escalated.

Response 1 (XX/XX/XXXX XX:XXPM)
Property Management Agreement not required. (Void)

XXXX

2154918

3 of 4

XXXX

Credit

Mortgage History - Missing/Incomplete

XXXX

The guidelines indicate a current mortgage/rental history is required for the subject property and the Borrower/Guarantor's primary residence. Current means the borrower(s) have made all mortgage payments due in the month prior to the note date and are current as of the application date. The loan file is missing documentation to support the XXXX/XXXX payment was made for the Borrower's primary residence.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2154918

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. the CU Score is XXXX

Cleared

XXXX

2154917

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154917

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154917

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2154931

1 of 3

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Credit Report. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
pccd provided

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2154931

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154931

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX.

Cleared

XXXX

2153273

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153273

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153273

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contains a CDA, dated XX/XX/XXXX, that supports the value.

Cleared

XXXX

2155563

1 of 3

XXXX

Compliance

HUD1 - Not Final

XXXX

It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX

Acknowledged

XXXX

2155563

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155563

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153275

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153275

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153275

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score XXXX.

Cleared

XXXX

2155564

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155564

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155564

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX

Cleared

XXXX

2154938

1 of 3

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: Page XXXX is missing the Borrower's signature and date

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
DOT

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2154938

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154938

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX

Cleared

XXXX

2155550

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155550

2 of 3

XXXX

Credit

Mortgage History - Missing/Incomplete

XXXX

The guidelines indicate a current mortgage/rental history is required. Current means the borrower(s) have made all mortgage payments due in the month prior to the note date and are current as of the application date. The Borrower has a 1st XXXX mortgage and a XXXX on their primary residence. The loan closed XX/XX/XXXX and the loan file is missing evidence the XXXX/XXXX payment(s) were made on the 1st XXXX for the Borrower's primary residence.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Doc provided

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2155550

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX

Cleared

XXXX

2154922

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154922

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154922

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2154941

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154941

2 of 3

XXXX

Credit

Appraisal - Other

XXXX

There are additional appraisal findings. Per guidelines if the property has an ADU there needs to be XXXX comparable provided that also has an ADU to demonstrate use is typical to the area.

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: secondary valuation supports value, self-employed XXXX years, XXXXx30x44 months mortgage history, $XXXX monthly residual income

XXXX. XXXX months of reserves.

XXXX

2154941

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value.

Cleared

XXXX

2155544

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Appraisal and Credit Report. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2155544

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

The subject loan does not meet Program Parameters for Minimum Borrower Contribution. The subject transaction was the purchase of a primary residence. Per the lender’s guidelines borrowers must document a minimum of XXXX% (of the sales price) of their own funds on purchase transactions. The purchase price was $XXXX x XXXX% = $XXXX. A review of the CD reflects an EMD of $XXXX and gift funds $XXXX; the borrower received cash back at closing in the amount of $XXXX. As a result the borrower did not meet the minimum contribution required.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please waive

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: XXXX qualifying credit score, XXXX% DTI, $XXXX reserves, self-employed XXXX years,

XXXX. XXXX% DTI. XXXX% LTV.

XXXX

2155544

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2154935

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2154935

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

The subject transaction is the purchase of a primary residence utilizing the XXXX-month business bank statement program. The borrower's business is in XXXX; however, the subject property is in XXXX. Per the lender’s guidelines if the borrower is relocating to a different geographical area a written explanation from the borrower, justifying that the borrower’s income will continue at the same level in the new location is required. The loan file did not contain evidence the underwriter considered the impact of relocation and did not contain a LOE from the borrower.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
LOE provided

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2154935

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2155568

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155568

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155568

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2152716

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2152716

2 of 3

XXXX

Credit

Credit Report - Other

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
ATTACHED

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2152716

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2153270

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2153270

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2153270

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2155547

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2155547

2 of 4

XXXX

Compliance

State HPML

XXXX

This loan failed the XXXX rate spread home loan test. (XXXX GS §XXXX-1.1F(a)(7))The loan is a rate spread home loan, as defined in the legislation. For more information please see the XXXX Rate Spread Home Loan Article section of the full XXXX report. Escrow and prepayment requirements have been met.

Acknowledged

XXXX

2155547

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155547

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score XXXX.

Cleared

XXXX

2155567

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2155567

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155567

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2154926

1 of 3

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2154926

2 of 3

XXXX

Credit

DSCR - Missing HUD

XXXX

Missing Final HUD-XXXX as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
HUD provided

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
This is from the closing package, how is it not accurate?

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
Doc provided

Response 1 (XX/XX/XXXX XX:XXAM)
The HUD provided is not accurate. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
This is a cash-out transaction. The borrower did not bring $XXXX to closing. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2154926

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX.

Cleared

XXXX

2154925

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154925

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154925

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX.

Cleared

XXXX

2155552

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155552

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155552

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU Score of XXXX

Cleared

XXXX

2155561

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155561

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155561

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX which supported the appraised value.

Cleared

XXXX

2155569

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155569

2 of 3

XXXX

Credit

Title Commitment - Incorrect

XXXX

The title commitment does not reflect title insurance coverage that is equal to the loan amount. Title policy reflects $XXXX. XXXX is $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Title

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2155569

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2155554

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2155554

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155554

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2155556

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note is incomplete: Page XXXX of the Loan Agreement was completed incorrectly. The borrower is an entity, but the agreement lists the borrower as a natural person. In addition, title to the property is held in XXXX, but the Entity Documents are missing. Unable to determine if signature(s) on the Note are accurate.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2155556

2 of 4

XXXX

Compliance

Security Instrument - Incomplete

XXXX

Title to the Property is held in XXXX, but the Entity Documents are missing. Unable to determine if signature(s) on Security Instrument are accurate.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
ATTACHED

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2155556

3 of 4

XXXX

Credit

DSCR - Missing Entity Documentation

XXXX

Missing required business documentation per guidelines. The loan file did not contain any of the entity docs required for XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
ATTACHED

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2155556

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX.

Cleared

XXXX

2155559

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2155559

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Credit Report Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2155559

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155559

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2154943

1 of 4

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable

XXXX

Non- Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. If disclosure was delivered electronically, evidence of receipt as well as the consumer's E-consent is required. Per regulation, creditors using electronic delivery methods, such as email, must also comply with 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2154943

2 of 4

XXXX

Compliance

TRID - LE/Revised LE Delivery Date (prior to consummation)

XXXX

The loan failed the Revised Loan Estimate delivery date test due to the following: The Loan Estimate was not received by the borrower at least four business days prior to the Consummation Date. The LE issued on XX/XX/XXXX was signed and dated XX/XX/XXXX. If disclosure was delivered electronically evidence of receipt as well as the consumer's E-consent is required. Per regulation, creditors using electronic delivery methods, such as email, must also comply with 1026.38(t)(3)(iii) (consumer consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act). > Truth in Lending Act (Regulation Z)12 CFR 1026.19(e)(4)(ii)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
ATTACHED

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2154943

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154943

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2154933

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154933

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2154933

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2154934

1 of 3

XXXX

Compliance

TRID - 10% Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Land Survey. Reimbursement in the amount of $XXXX was provided at closing and remaining cost to cure in the amount of $XXXX is still needed. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2154934

2 of 3

XXXX

Credit

Assets - Bank Statements

XXXX

The loan file is missing a XXXX month statement from XXXX XXXX-XXXX verifying an available balance of no less than $XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2154934

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX.

Cleared

XXXX

2154939

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154939

2 of 4

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

Credit report dated XX/XX/XXXX and the loan closed on XX/XX/XXXX. Guidelines require a gap credit report or Undisclosed Debt Monitoring report no more than XXXX days from the loan closing or any time after closing and is missing from the file as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
UDM_LOE

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2154939

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The subject loan closed as a XXXX year I/O with XXXX year I/O period then a XXXX year amortization. Borrower is a first-time homebuyer and guidelines don't allow this loan product for first-time homebuyers.

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: XXXX% DTI, XXXX qualifying credit score, $XXXX reserves, Self-employed XXXX years

XXXX. XXXX% DTI. XXXX months of reserves.

XXXX

2154939

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2145908

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2145908

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2145908

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX supportive of value.

Cleared

XXXX

2145910

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2145910

2 of 3

XXXX

Credit

Contract - Missing

XXXX

A properly executed sales contract is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
SALES CONTRACT AND ADDENDUM

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2145910

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX.

Cleared

XXXX

2145915

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2145915

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2145915

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. CU Score XXXX.

Cleared

XXXX

2139813

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2139813

2 of 4

XXXX

Credit

Debts - Not Verified

XXXX

The application lists significant debts that were not verified on the credit report and not independently verified. The loan file is missing the homeowners insurance premium for the borrowers primary departure property to verify the complete PITI for qualifying. ***additional conditions may apply ***

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Hello, at time of lock, we submitted the exception request to not include the properties under contract. They sold shortly after closing. I am attaching our email at time of bid. We have also uploaded the two CD& XXXX;s reflecting both properties sold. Once the properties are not included in the debt (reason for our requested exception) the DTI will be well below XXXX%. Borrower has close to $XXXX in reserves prior to closing. See attached page XXXX.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
CD from sale of XXXX XXXX. Concerning the exception - XXXX is the lender and made the exception.

Response 1 (XX/XX/XXXX XX:XXAM)
CD's not received. Only email chains. Also, exception must be granted by Investor. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
CD's received. Properties sold. Exception not required. (Resolved)

XXXX

2139813

3 of 4

XXXX

Credit

Debts - Not Verified

XXXX

The application lists significant debts that were not verified on the credit report and not independently verified. The origination UW and the Final AUS/DU reflects the XXXX loan of $XXXX per month as omitted; however, the loan file does not document the primary borrower has paid the most recent XXXX months payments. Therefore, the debt must be included in qualifying as a result the DTI increased from XXXX% to XXXX%, which exceeds guideline maximums.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please refer to the docs submitted in the file. Daughter pays the student loan debt.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Hello, at time of lock, we submitted the exception request to not include the properties under contract. They sold shortly after closing. I&#XXXX;m attaching our email at time of bid. We have also uploaded the two CD&#XXXX;s reflecting both properties sold. Once the properties are not included in the debt (reason for our requested exception) the DTI will be well below XXXX%. Borrower has close to $XXXXM in reserves prior to closing. See attached page XXXX.

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
CD from sale of XXXX. Documentation was previously uploaded as proof student loan is not paid by borrower. XXXX is the lender and made the exception, there is no other investor involved.

Response 1 (XX/XX/XXXX XX:XXAM)
Excluding the student loan payment, the DTI is still XXXX%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
CD's not received. Only email chains. Also, exception must be granted by Investor. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
CD's received. Properties sold. Exception not required. (Resolved)

XXXX

2139813

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score XXXX.

Cleared

XXXX

2145919

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2145919

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2145919

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2136918

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2136918

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136918

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value.

Cleared