COLT SECURITIZATION DEPOSITOR, LLC ABS-15G
Exhibit 99.39
| Seller | Loan ID | Deal ID | Seller Loan ID | Investor Loan ID | Queue | Created Date | Last Modified Date | Finding Status | Event Level | Initial Finding Grade | Current/Final Finding Grade | Finding Category | Finding Sub Category | Finding Name | Reviewer Comments | Seller Comments | Finding Resolution | Finding Document | Reviewer Comp Factors | Originator Comp Factors | State | Occupancy | Loan Purpose | Refinance Purpose | Unique Finding ID | Acknowledged / Waived By | Waiver in File? |
| XXXX | XXXX | 4350121195 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Business Narrative | Resolved-Received Business Narrative. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Provide Business Narrative. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Received Business Narrative. - Due Diligence Vendor-XXXX |
Business Narrative Letter - signed.pdf | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121204 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Requested asset depletion income calculator provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-Validation Resolved' - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. Provide Asset depletion worksheet - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Requested asset depletion income calculator provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-Validation Resolved' - Due Diligence Vendor-XXXX |
Supplemental Asset Depletion Calculator.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121204 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | TRID Tolerance | Insufficient Tolerance Cure (XXXX) | Resolved- - Due Diligence Vendor-XXXX Resolved- - Due Diligence Vendor-XXXX Ready for Review-A Lender Credit for Excess Charges of ($XXXX), Principal Reduction for Excess Charges of ($XXXX), and general or specific lender credit increases of ($XXXX) were applied to the total fee variance of ($XXXX) between the baseline disclosure and the last Closing Disclosure. Since the lender credits and principal reduction (if applicable) are less than the total fee variance amount, they are not sufficient to cure the variance. - Due Diligence Vendor-XXXX Ready for Review-A Lender Credit for Excess Charges of ($XXXX), Principal Reduction for Excess Charges of ($XXXX), and general or specific lender credit increases of ($XXXX) were applied to the total fee variance of ($XXXX) between the baseline disclosure and the last Closing Disclosure. Since the lender credits and principal reduction (if applicable) are less than the total fee variance amount, they are not sufficient to cure the variance. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached and clear please - Seller-XXXX Counter- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Counter-Provide updated COC due to increase in discount points after XXXX - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open-dup finding - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open-A Lender Credit for Excess Charges of (XXXX), Principal Reduction for Excess Charges of ($XXXX), and general or specific lender credit increases of ($XXXX) were applied to the total fee variance of ($XXXX) between the baseline disclosure and the last Closing Disclosure. Since the lender credits and principal reduction (if applicable) are less than the total fee variance amount, they are not sufficient to cure the variance. Points-Loan Discount Fee increased from $XXXX to $XXXX. Required updated COC - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached and clear please - Seller-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved- - Due Diligence Vendor-XXXX |
Change of Circumstance Form.pdf LOX XXXX.pdf |
XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121204 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | Mavent | XXXX Fee Not Allowed- Underwriting Fee (Fee ID: 8) | Resolved-Section 3:1-16.2 of the XXXX (XXXX) does not allow Underwriting Fee (Fee ID: XXXX) to be charged to the Borrower in XXXX. - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Resolved- - Due Diligence Vendor-XXXX Resolved- - Due Diligence Vendor-XXXX Ready for Review-Can you please clear as this was rescinded? - Seller-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Rescinded-dup finding - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see the attached final CD - The borrower was charged for an application fee rather than an underwriting fee - Thank you! - Seller-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open-Section 3:1-16.2 of the XXXX (XXXX) does not allow Underwriting Fee (Fee ID: XXXX) to be charged to the Borrower in XXXX. XXXX does not allow Underwriting Fee to be charged to the Borrower in XXXX. - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX |
Ready for Review-Can you please clear as this was rescinded? - Seller-XXXX Ready for Review-Document Uploaded. Please see the attached final CD - The borrower was charged for an application fee rather than an underwriting fee - Thank you! - Seller-XXXX |
Resolved-Section 3:1-16.2 of the XXXX Mortgage Loans, Fees, Obligations Provisions (XXXXA.C. 3:1-16.2) does not allow Underwriting Fee (Fee ID: XXXX) to be charged to the Borrower in XXXX. - Due Diligence Vendor-XXXX Resolved- - Due Diligence Vendor-XXXX Rescinded-dup finding - Due Diligence Vendor-XXXX |
Closing Disclosure (CD) - Final.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121204 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Business Narrative | Resolved-Narrative rec'd/resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Provide Business Narrative - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Narrative rec'd/resolved - Due Diligence Vendor-XXXX |
i - Business Narrative - signed.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121204 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited DTI Exceeds Guideline DTI Requirements | Open-Audited DTI of 54.13% exceeds Guideline DTI of 50% Exception provided on page #XXXX. Exception Request for DTI exceeds 50% (55%), also Self-Employment income is less than 30% of the total qualifying income, and depletion is under a 25% portion. We are using various incomes beyond the self-employed source. Title also shows a deferred COVID second lien which is now being paid off, but added deferred principal XXXX years ago (forbearance given for a few months, no reported lates from current first lien). - Due Diligence Vendor-XXXX | 65% LTV is below the maximum 70% LTV by 5%. Borrower has been employed in same career for XXXX years. |
XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||||
| XXXX | XXXX | 4350121185 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 3rd Party VOE Prior to Close Missing | Resolved-Requested 3rd party VOE provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-Borrower 2 3rd Party VOE Prior to Close Was Provided or Not Applicable (Number of Borrowers equals 2) - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Borrower 2 3rd Party VOE Prior to Close Missing Provide VOE for Borrower 2. VOE provided has expired. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Requested 3rd party VOE provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-Borrower 2 3rd Party VOE Prior to Close Was Provided or Not Applicable (Number of Borrowers equals 2) - Due Diligence Vendor-XXXX |
LLC_XXXX_Articles of Organization.pdf LLC_XXXX_Good Standing.pdf LLC_XXXX_Certificate of Assumed Name.pdf |
XXXX | Second Home | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121185 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Business Narrative | Resolved-Requested business narrative provided, updated & condition resolved. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Provide Business Narrative. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Requested business narrative provided, updated & condition resolved. - Due Diligence Vendor-XXXX |
Narrative.pdf | XXXX | Second Home | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121185 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Audited LTV Exceeds Guideline LTV Exception provided on page #XXXX. Exception Request asking for exception to grant 90% LTV on Prime Alt Doc purchase, mid score XXXX is below the XXXX requirement. - Due Diligence Vendor-XXXX | Waived-Audited LTV Exceeds Guideline LTV Exception provided on page #XXXX. Exception Request asking for exception to grant 90% LTV on Prime Alt Doc purchase, mid score XXXX is below the XXXX requirement. - Due Diligence Vendor-XXXX |
Client elects to waive with the following compensating factors: 40.22% DTI is below the maximum 50% DTI by 9.78%. 0x30 mortgage history for 82 months. Monthly reserves is verified and at least 4 months more than the guideline minimum. |
XXXX | Second Home | Purchase | NA | XXXX | Originator Pre-Close | Yes | |||||
| XXXX | XXXX | 4350121212 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | Missing subject rental income documentation | Resolved-Requested STR documents provided, updated & condition resolved. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Provide short term rental documentation used to qualify in the amount of $XXXX. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Requested STR documents provided, updated & condition resolved. - Due Diligence Vendor-XXXX |
STR XXXX Short term Rental.pdf | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121212 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Property | Appraisal | Property/Appraisal General | Waived-Exception provided on page #XXXX. Exception Request for unique property. (Log Cabin with 1 unit ADU). There a not any comps in area for a log cabin with an ADU. - Due Diligence Vendor-XXXX | Waived-Exception provided on page #XXXX. Exception Request for unique property. (Log Cabin with 1 unit ADU). There a not any comps in area for a log cabin with an ADU. - Due Diligence Vendor-XXXX |
Client elects to waive with the following compensating factors: 80% LTV is equal to the maximum of 80% LTV . XXXX Representative credit score exceeds the minimum required of XXXX by XXXX points. Qualifying DSCR is higher than 1. And at least .1 higher than guidelines. Monthly reserves is verified and at least 4 months more than guideline minimum. |
XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | |||||
| XXXX | XXXX | 4350121172 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | DSCR is less than 1.00 | Resolved-Master building coverage provided, resolved. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Master Policy and HO 6. All in the closing package - Seller-XXXX Counter-Missing HOI dec page showing coverage amounts. - Due Diligence Vendor-XXXX Ready for Review-Is the Master Insurance Policy. Using the 17.17% - Seller-XXXX Counter-Missing XXXX other monthly. It looks as if this if an additional HOI as there is a invoice in the file but it does not include dwelling coverage or anything else just an invoice. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Taxes (uploaded) Unit XXXX is 17.17% XXXX x 17.17% = XXXX/12 = XXXX = (We used XXXX to qualify) . - Seller-XXXX Open-Missing proof of the tax amount paid by borrower and the $XXXX other monthly. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Master Policy and HO 6. All in the closing package - Seller-XXXX Ready for Review-Is the Master Insurance Policy. Using the 17.17% - Seller-XXXX Ready for Review-Document Uploaded. Taxes (uploaded) Unit XXXX is 17.17% XXXX x 17.17% = XXXX/12 = XXXX = (We used XXXX to qualify) . - Seller-XXXX |
Resolved-Master building coverage provided, resolved. - Due Diligence Vendor-XXXX |
XXXX_Taxes_XXXX.pdf XXXX_insurance.pdf |
XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121172 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Evidence of Property Tax Missing | Resolved-Tax certificate provided, resolved. - Due Diligence Vendor-XXXX Resolved-Evidence of Property Tax is present - Due Diligence Vendor-XXXX Ready for Review-Uplaoded - Seller-XXXX Open-Missing Evidence of Property Tax Missing property tax information. - Due Diligence Vendor-XXXX |
Ready for Review-Uplaoded - Seller-XXXX |
Resolved-Tax certificate provided, resolved. - Due Diligence Vendor-XXXX Resolved-Evidence of Property Tax is present - Due Diligence Vendor-XXXX |
XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | |||||
| XXXX | XXXX | 4350121172 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Business Purpose Affidavit is Missing | Resolved-Requested BPA document provided, Updated & Condition Resolved - Due Diligence Vendor-XXXX Resolved-The Business Purpose Affidavit is present or Not Applicable (1008 Page Loan Type is DSCR.) - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Uploaded. In was in the closing doc's page XXXX. - Seller-XXXX Open-The 1008 Page Loan Type is 'DSCR' but the Business Purpose Affidavit Disclosure Indicator on the 1008 is 'Missing', and on the Business Purpose V2 Page is 'Missing'. Business Purpose Affidavit is required for a DSCR loan. Final Business Purpose Affidavit Disclosure is missing from file. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Uploaded. In was in the closing doc's page XXXX. - Seller-XXXX |
Resolved-Requested BPA document provided, Updated & Condition Resolved - Due Diligence Vendor-XXXX Resolved-The Business Purpose Affidavit is present or Not Applicable (1008 Page Loan Type is DSCR.) - Due Diligence Vendor-XXXX |
XXXX_Business PUrpose.pdf | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121174 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | TRID Tolerance | Lender Credits That Cannot Decrease Test (XXXX) | Resolved-The baseline amount of non-specific (lump sum) lender credits and specific lender credits disclosed is ($XXXX). The Last CD shows a total lender credit amount of ($XXXX). The following fees "lender credits" have decreased below their baseline amounts (General Lender Credit). Non-specific lender credits are generalized payments that do not pay for a particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3)(i) and comments 19(e)(3)(i)-5 and -6; 12 CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Resolved- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Resolved-COC provided - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. The Initial LE dated XXXX discloses a Lender Credit of - $XXXX (FLOATING) The Revised LE dated XXXX discloses Discount Points of $XXXX (LOCKED) > COC attached - Seller-XXXX Open-The baseline amount of non-specific (lump sum) lender credits and specific lender credits disclosed is ($XXXX). The Last CD shows a total lender credit amount of ($XXXX). The following fees "lender credits" have decreased below their baseline amounts (General Lender Credit). Non-specific lender credits are generalized payments that do not pay for a particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3)(i) and comments 19(e)(3)(i)-5 and -6; 12 CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. The Initial LE dated XXXX discloses a Lender Credit of - $XXXX (FLOATING) The Revised LE dated XXXX discloses Discount Points of $XXXX (LOCKED) > COC attached - Seller-XXXX |
Resolved-The baseline amount of non-specific (lump sum) lender credits and specific lender credits disclosed is ($XXXX). The Last CD shows a total lender credit amount of ($XXXX). The following fees "lender credits" have decreased below their baseline amounts (General Lender Credit). Non-specific lender credits are generalized payments that do not pay for a particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3)(i) and comments 19(e)(3)(i)-5 and -6; 12 CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). - Due Diligence Vendor-XXXX Resolved-COC provided - Due Diligence Vendor-XXXX |
COC.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121174 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | TRID | Federal - Closing Disclosure and Consummation Date | Resolved-The Initial Closing Disclosure Received Date of (XXXX) is not three business days before the consummation date of (XXXX). Three business days before the consummation date is (XXXX). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction no later than three business days before consummation. (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii)) i - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Resolved-Document Uploaded. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. The ICD sent on XXXX reflects the correct APR of 6.512% so there wouldn’t have been a new wait period. Per TRID, the only items that would require a new wait period are APR increasing .125% or more, true program change and/or Prepayment penalty added. Please be advised that the changes that took place on XXXX are reflected on the COC form, however, none of these changes triggered a new 3-day wait period, therefore the earliest allowable closing date would be XXXX. - Seller-XXXX Counter-The Initial Closing Disclosure Received Date of (XXXX) is not three business days before the consummation date of (XXXX). Three business days before the consummation date is (XXXX). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction no later than three business days before consummation. - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. XXXX CD - Seller-XXXX Counter-Is there another disclosure floating around? Updated Initial Disclosure sent shows a closing date of XXXX with a disbursement date of XXXX. However, PCCD reflects the closing date as XXXX with a disbursement date of XXXX - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Initial CD XXXX - Seller-XXXX Open-The Initial Closing Disclosure Received Date of (XXXX) is not three business days before the consummation date of (XXXX). Three business days before the consummation date is (XXXX). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction no later than three business days before consummation. (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii)) - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. The ICD sent on XXXX reflects the correct APR of XXXX% so there wouldn’t have been a new wait period. Per TRID, the only items that would require a new wait period are APR increasing .125% or more, true program change and/or Prepayment penalty added. Please be advised that the changes that took place on XXXX are reflected on the COC form, however, none of these changes triggered a new 3-day wait period, therefore the earliest allowable closing date would be XXXX. - Seller-XXXX Ready for Review-Document Uploaded. XXXX CD - Seller-XXXX Ready for Review-Document Uploaded. Initial CD XXXX - Seller-XXXX |
Resolved-The Initial Closing Disclosure Received Date of (XXXX) is not three business days before the consummation date of (XXXX). Three business days before the consummation date is (XXXX). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction no later than three business days before consummation. (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii)) i - Due Diligence Vendor-XXXX Resolved-Document Uploaded. - Due Diligence Vendor-XXXX |
XXXX ICD XXXX.pdf XXXX XXXX CD.pdf XXXX ICD XXXX.pdf |
XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121174 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX Open-Per the GL XXXX page # XXXX a clear fraud report is required. The Fraud report in file (page #XXXX) is showing high 1 uncleared alert. The required cleared Fraud report is missing. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX |
Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX |
Cleared Alerts.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121174 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Fannie SSR - Seller-XXXX Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 The file is missing secondary valuation or additional valuation. Provide a FNMA or FHLMC UCDP/SSR report with a score less than 2.5, or an appraisal desk review. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Fannie SSR - Seller-XXXX |
Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-XXXX |
XXXX Fannie SSR.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121203 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Business Narrative | Resolved-Received business narratives. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Provide Business Narrative for B1 and B2. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Received business narratives. - Due Diligence Vendor-XXXX |
audit log Business Narrative.pdf B2 BUSINESS NARRATIVE.pdf i-B1 Business Narrative.pdf |
XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121215 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Business Narrative | Resolved-Business Narrative received. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Counter-Unable to open file format .docx. Please convert to PDF. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Provide Business Narrative. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Business Narrative received. - Due Diligence Vendor-XXXX |
LOX - Business Narrative.docx Business Narrative.pdf |
XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121215 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Requested bank statement income calculator provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-Validation Resolved' - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. Provide Bank Statement income worksheet. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Requested bank statement income calculator provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-Validation Resolved' - Due Diligence Vendor-XXXX |
Bank Statement Calculator_2.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121225 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Homeowners Association Questionnaire | Resolved-Received condo questionnaire and approval. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Provide Condo Questionnaire. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Received condo questionnaire and approval. - Due Diligence Vendor-XXXX |
Condo - Freddie CPA_2.pdf Condo Questionnaire-Lenders Disclosure.pdf Condo - Fannie CPM_2.pdf |
XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121225 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Doc Issue | Missing asset documentation (ATR) | Resolved-Received 1031 Exchange document. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. see attached - Seller-XXXX Open-Provide documentation to support 1031 Exchange proceeds in the amount of $XXXX. Received estimated buyer's statement, need Final. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. see attached - Seller-XXXX |
Resolved-Received 1031 Exchange document. - Due Diligence Vendor-XXXX |
1031 Exchange Documents-UPDATED ACCOUNT BALANCE.pdf | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121175 | Closed | XXXX | XXXX | Resolved | 1 - Information | B | A | Credit | Credit Worthiness | Mortgage history for primary residence less than 12 months | Resolved-Received VOM updated credit page. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. VOR for housing history - Seller-XXXX Counter-Is in file but need 12 months of housing payments being made Only have 9 with credit report - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Months Rev is incorrect. Acct opened XXXX, Note for this was delivered in file supporting when opened. This should be sufficient to show 12 months. - Seller-XXXX Open-Delinquent Credit History Does Not Meet Guideline Requirements Provide primary housing history for 12 months, only 10 months history only available in credit report, mortgage loan opened on XXXX - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. VOR for housing history - Seller-XXXX Ready for Review-Document Uploaded. Months Rev is incorrect. Acct opened XXXX, Note for this was delivered in file supporting when opened. This should be sufficient to show 12 months. - Seller-XXXX |
Resolved-Received VOM updated credit page. - Due Diligence Vendor-XXXX |
Housing History.pdf VOR.pdf |
XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121175 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | DTI discrepancy or failure. | Resolved-Received updated worksheet and 1008 updated 1008 and employment page DTI is in line. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Updated Income worksheet with 1008 - Seller-XXXX Open-DTI discrepancy or Failure - Audited DTI is 19.25 % and lender DTI is 17.33. the difference is 1.92. This is because lender considered qualifying income as $XXXX whereas per our review it is $XXXX, (Lender not consider the expense ratio) - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Updated Income worksheet with 1008 - Seller-XXXX |
Resolved-Received updated worksheet and 1008 updated 1008 and employment page DTI is in line. - Due Diligence Vendor-XXXX |
Income Analyzer Worksheet.pdf 1008.pdf |
XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121175 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-There are uncleared alerts in fraud, Provided Updated Fraud report, Updated & Condition Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX Open-Per the GL XXXX page # XXXX a clear fraud report is required. The fraud report in file (page # XXXX) is showing uncleared alert, provide updated fraud report. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX |
Resolved-There are uncleared alerts in fraud, Provided Updated Fraud report, Updated & Condition Resolved - Due Diligence Vendor-XXXX |
Cleared Alerts.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121175 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Requested secondary valuation provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Freddie SSR - Seller-XXXX Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 Provide Secondary Valuation or Additional Valuation (with acceptable variance to Primary) per guideline requirements and CU Score, if present, is greater than 2.5 - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Freddie SSR - Seller-XXXX |
Resolved-Requested secondary valuation provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-XXXX |
Freddie SSR.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121198 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Third Party Market Rent Source (IE. XXXX, XXXX, etc.) | Resolved-Short Term Rent analysis provided. - Due Diligence Vendor-XXXX Resolved-Requested STR docs provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-Validation Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Third party market rent estimate is missing, a document establishing third party market rent source is missing from file, such as a 1007, 1025, etc. Finding added Missing rental documentation used to qualify Rental Income in the amount of $XXXX - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Short Term Rent analysis provided. - Due Diligence Vendor-XXXX Resolved-Requested STR docs provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-Validation Resolved - Due Diligence Vendor-XXXX |
XXXX-F2 1007 Short-Term Rent Schedule (STR F.pdf | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121198 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Condo project is ineligible | Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX Waived-Exception provided on page #XXXX. Exception Request for Condo exception - the XXXX budget does not allocate to ongoing reserves. The Project does demonstrate financial stability by holding a current reserve balance of $XXXX. - Due Diligence Vendor-XXXX |
Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX Waived-Exception provided on page #XXXX. Exception Request for Condo exception - the XXXX budget does not allocate to ongoing reserves. The Project does demonstrate financial stability by holding a current reserve balance of $XXXX. - Due Diligence Vendor-XXXX |
XXXX Representative credit score exceeds the minimum required of XXXX by XXXX points $XXXX reserves exceed the minimum required of $XXXX exceeds the minimum by 4 months over the required minimum. |
XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | |||||
| XXXX | XXXX | 4350121213 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Business Narrative | Resolved-Received business narrative. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Provide Business Narrative. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Received business narrative. - Due Diligence Vendor-XXXX |
Buss Narr.pdf Business Narrative.pdf |
XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121209 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-Primary Housing is verified to be owned Free & Clear, Housing History Meets Guideline Requirements, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX Open-Housing History Does Not Meet Guideline Requirements Provide 12 months VOM for primary housing or proof of property being owned free and clear. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX |
Resolved-Primary Housing is verified to be owned Free & Clear, Housing History Meets Guideline Requirements, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX |
Letter of Explanation from Lender.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121209 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Business Narrative | Resolved-Business Narrative uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Provide Business Narrative. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Business Narrative uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX |
Business Narrative.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121209 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Trade line count does not meet program requirements | Resolved-Verification of taxes, insurance for property XXXX XXXX XXXX for $XXXX and for property XXXX/XXXX XXXX XXXX uploaded, Verified - Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Provide verification of taxes, insurance for property XXXX XXXX XXXX for $XXXX and for property XXXX/XXXX XXXX XXXX. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Verification of taxes, insurance for property XXXX XXXX XXXX for $XXXX and for property XXXX/XXXX XXXX XXXX uploaded, Verified - Resolved - Due Diligence Vendor-XXXX |
XXXX taxes.pdf XXXX Tax bill vacant land.pdf XXXX ins policy.pdf |
XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121209 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Verification of taxes, insurance for property XXXX XXXX XXXX uploaded, Verified - Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Missing verification of taxes for property XXXX/XXXX XXXX XXXX Missing verification of taxes, insurance for property XXXX XXXX XXXX of $XXXX - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Verification of taxes, insurance for property XXXX XXXX XXXX uploaded, Verified - Resolved - Due Diligence Vendor-XXXX |
XXXX taxes.pdf XXXX Tax bill vacant land.pdf XXXX ins policy.pdf |
XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121210 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-Properties owned free and clear. - Due Diligence Vendor-XXXX Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX Open-Housing History Does Not Meet Guideline Requirements Provide 12 months VOM for primary housing or proof of property being owned free and clear. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX |
Resolved-Properties owned free and clear. - Due Diligence Vendor-XXXX Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX |
Letter of Explanation from Lender.pdf | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121210 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Eligibility | Business Entity EIN Number Missing | Resolved-Received EIN number. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Provide Business Entity EIN. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Received EIN number. - Due Diligence Vendor-XXXX |
Self Employment Verification.pdf | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121210 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Trade line count does not meet program requirements | Resolved-Received full divorce decree evidencing payments. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Provide supporting documentation for monthly payment of $XXXX per 1003. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Received full divorce decree evidencing payments. - Due Diligence Vendor-XXXX |
Divorce Decree_2.pdf Divorce Decree_3.pdf |
XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121210 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Verification of taxes, insurance for property XXXX XXXX XXXX for $XXXX and for property XXXX/XXXX XXXX XXXX uploaded, Verified - Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Provide verification of taxes, insurance for property XXXX XXXX XXXX for $XXXX and for property XXXX/XXXX XXXX XXXX. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Verification of taxes, insurance for property XXXX XXXX XXXX for $XXXX and for property XXXX/XXXX XXXX XXXX uploaded, Verified - Resolved - Due Diligence Vendor-XXXX |
XXXX taxes.pdf XXXX Tax bill vacant land.pdf XXXX ins policy.pdf |
XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121210 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Business Narrative | Resolved-Business Narrative uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. please see attached - Seller-XXXX Open-Provide Business Narrative. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. please see attached - Seller-XXXX |
Resolved-Business Narrative uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX |
Business Narrative.pdf | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121234 | Closed | XXXX | XXXX | Resolved | 1 - Information | B | A | Compliance | Missing Doc | Missing Anti-Steering Disclosure | Resolved-Anti-Steering Disclosure provided. Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Anti-Steering Disclosure - Seller-XXXX Open-Provide Anti-Steering document as broker fees are paid by lender, however anti-steering document is not included in the file. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Anti-Steering Disclosure - Seller-XXXX |
Resolved-Anti-Steering Disclosure provided. Resolved - Due Diligence Vendor-XXXX |
XXXX.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121234 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | TRID Tolerance | Lender Credits That Cannot Decrease Test (XXXX) | Resolved-Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. COC - Seller-XXXX Open-The baseline amount of non-specific (lump sum) lender credits and specific lender credits disclosed is ($XXXX). The Last CD shows a total lender credit amount of ($XXXX). The following fees "lender credits" have decreased below their baseline amounts (General Lender Credit). Non-specific lender credits are generalized payments that do not pay for a particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3)(i) and comments 19(e)(3)(i)-5 and -6; 12 CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). Lender credits are decreased from $XXXX ( revised CD) to $XXXX (final CD). Provide a valid COC for final CD to cure this. - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. COC - Seller-XXXX |
Resolved-Resolved - Due Diligence Vendor-XXXX |
XXXX COC XXXX.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121234 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | Closing | The Deed of Trust is Not Executed | Resolved-The Deed of Trust is Executed - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. DOT - Seller-XXXX Open-The Deed of Trust is Not Executed Provide updated DOT as the one in file is missing B1 and B2 signatures on page # XXXX. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. DOT - Seller-XXXX |
Resolved-The Deed of Trust is Executed - Due Diligence Vendor-XXXX |
DOT.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121207 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Missing | Resolved-Received Final 1003. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-The Final 1003 is Missing Provide Final 1003. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Received Final 1003. - Due Diligence Vendor-XXXX |
1003 - Uniform Residential Loan Application - XXXX.pdf | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121207 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Borrower 1 3rd Party VOE Prior to Close Missing Provide 3rd Party VOE Prior to Close. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-XXXX |
XXXX XXXX XXXX Management VOE - XXXX.pdf | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121207 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Audited LTV of 90% exceeds Guideline LTV of 85% With a qualifying FICO score of XXXX, the maximum allowable LTV for an Alt Doc loan is 85%. However, the loan is qualified at 90% LTV. An exception for the 90% LTV has been provided on page XXXX under the Exception Request, despite the credit score being XXXX. - Due Diligence Vendor-XXXX | Waived-Audited LTV of 90% exceeds Guideline LTV of 85% With a qualifying FICO score of XXXX, the maximum allowable LTV for an Alt Doc loan is 85%. However, the loan is qualified at 90% LTV. An exception for the 90% LTV has been provided on page XXXX under the Exception Request, despite the credit score being XXXX. - Due Diligence Vendor-XXXX |
Client elects to waive with the following compensating factors: $XXXX reserves exceed the minimum required of $XXXX exceeds the minimum by 6 months over the required minimum. Borrower has been employed in same career for XXXX years. Borrower has verified residual income (disposable income) of at $XXXX per month. |
XXXX | Primary Residence | Purchase | NA | XXXX | Originator Pre-Close | Yes | |||||
| XXXX | XXXX | 4350121173 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | TRID Tolerance | Fees: Limited | Resolved- - Due Diligence Vendor-XXXX Resolved- - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. PCCD - Seller-XXXX Counter-provide PCCD - Due Diligence Vendor-XXXX Resolved- - Due Diligence Vendor-XXXX Open-The total amount of the 10% category fees on the last Closing Disclosure ($XXXX) has increased by more than 10% over the current baseline value of ($XXXX). The total amount of fees in the 10% category cannot exceed ($XXXX). The following fee(s) have either increased from their baseline disclosure or have been recently added: (Recording Fees – Mortgage/Deed of Trust). Any increase to an existing fee and/or the addition of a new fee that causes the 10% category threshold to be exceeded cannot occur unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee(s) or new fee(s). (12 CFR 1026.19(e)(3)(ii); 12 CFR 1026.19(e)(3)(iv)). Required A valid COC for Recording Fee increase more than 10% on Final CD XXXX - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. PCCD - Seller-XXXX |
Resolved- - Due Diligence Vendor-XXXX |
PCCD.pdf | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121173 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | TRID Tolerance | Fees: Limited | Resolved- - Due Diligence Vendor-XXXX Resolved- - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-The total amount of the 10% category fees ($XXXX) has increased by more than 10% over the current baseline value of ($XXXX). The total amount of fees in the 10% category cannot exceed ($XXXX). The following fee(s) have either increased from their baseline disclosure or have been recently added: (Recording Fees – Mortgage/Deed of Trust). Any increase to an existing fee and/or the addition of a new fee that causes the 10% category threshold to be exceeded cannot occur unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee(s) or new fee(s). (12 CFR 1026.19(e)(3)(ii); 12 CFR 1026.19(e)(3)(iv)). A valid COC required for Recording Fee, finding in place hence rescinded - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved- - Due Diligence Vendor-XXXX |
Comment to Clear.pdf | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121173 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Assets | Asset 9 Does Not Meet Guideline Requirements | Waived-lender waived with comp factors - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Exception Approval attached for use of Gift funds - Seller-XXXX Open-Asset 9 Does Not Meet Guideline Requirements Per GL's 1.1.2.1 gift funds are not allowed for loans over $XXXX - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Exception Approval attached for use of Gift funds - Seller-XXXX |
Waived-lender waived with comp factors - Due Diligence Vendor-XXXX |
Exception Approval.pdf | LVT 52.7 % and guideline max is 90% FICO is XXXX and guideline min is XXXX |
XXXX | Primary Residence | Purchase | NA | XXXX | Originator Pre-Close | Yes | |||
| XXXX | XXXX | 4350121173 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Assets | Asset 8 Does Not Meet Guideline Requirements | Waived-lender waived guideline with comp factors - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Exception Approval attached for use of Gift funds - Seller-XXXX Open-Asset 8 Does Not Meet Guideline Requirements Per GL's 1.1.2.1 gift funds are not allowed for loans over $XXXX - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Exception Approval attached for use of Gift funds - Seller-XXXX |
Waived-lender waived guideline with comp factors - Due Diligence Vendor-XXXX |
Exception Approval.pdf | LVT 52.7 % and guideline max is 90% FICO is XXXX and guideline min is XXXX |
XXXX | Primary Residence | Purchase | NA | XXXX | Originator Post-Close | Yes | |||
| XXXX | XXXX | 4350121181 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. cleared alerts - Seller-XXXX Open-The fraud report in file (page # XXXX) is showing 1 high uncleared alert. The required clear fraud report is missing from file. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. cleared alerts - Seller-XXXX |
Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX |
Cleared Alerts.pdf | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121181 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | 1008 Document is Missing | Resolved-1008 Document uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Updated 1008 - Seller-XXXX Open-The 1008 document is missing from the loan file. Provide 1008 document as it is missing in the file - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Updated 1008 - Seller-XXXX |
Resolved-1008 Document uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-XXXX |
1008.pdf | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121226 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Homeowners Association Questionnaire | Resolved-HOA Questionnaire is Present - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Counter-Received condo invoice for payment. Still need Condo Questionnaire and/or Condo approval certificate. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-HOA Questionnaire is Missing or Partial. Provide Condo Questionnaire and/or Condo approval certificate. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-HOA Questionnaire is Present - Due Diligence Vendor-XXXX |
Invoice - master Cert.pdf Condo - Freddie CPA.pdf Condo - Fannie CPM.pdf |
XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121226 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Housing History Does Not Meet Guideline Requirements Provide 12 month housing history for XXXX XXXX XXXX or proof of property being owned free and clear. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX |
REO - XXXX - Note.pdf REO - XXXX - Transfer Letter.pdf REO - XXXX - PR.pdf REO - XXXX - TI Escrowed.pdf |
XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121226 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Business Narrative | Resolved-Business Narrative uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Provide Business Narrative. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Business Narrative uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX |
Business Narrative.pdf | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121220 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | TRID Tolerance | Insufficient Change of Circumstance (XXXX) | Resolved-Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open- - Due Diligence Vendor-XXXX Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). Provide COC. Points - Loan Discount Fee Increased from $XXXX to $XXXX on XXXX. COC received on XXXX with points fee change. - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Resolved - Due Diligence Vendor-XXXX |
Changed Circumstances.pdf Loan Estimate.pdf |
XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121220 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Business Narrative | Resolved-Requested Business narrative provided in findings, updated & condition resolved. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Provide Business Narrative. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Requested Business narrative provided in findings, updated & condition resolved. - Due Diligence Vendor-XXXX |
Business Narrative.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121220 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Requested 3rd party VOE prior to close provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Borrower 1 3rd Party VOE Prior to Close Missing Provide 3rd Party VOE prior to closing. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Requested 3rd party VOE prior to close provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-XXXX |
XXXX 3rd Party Phone Number.pdf VOE - 3rd Party Phone Number.pdf |
XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121200 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Third Party Market Rent Source (IE. XXXX, XXXX, etc.) | Resolved-Requested Short term rental income documents provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-Validation Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX Open-Third party market rent estimate is missing, a document establishing third party market rent source is missing from file, such as a 1007, 1025, etc. Provide Rental documentation used to qualify in the amount of $XXXX. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX |
Resolved-Requested Short term rental income documents provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-Validation Resolved - Due Diligence Vendor-XXXX |
XXXX-F2 1007 Short-Term Rent Schedule (STR F.pdf | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121229 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Credit | Tradeline minimum has not met guidelines | Waived-Exception provided on page #XXXX. Exception Request for 1) Not meeting the minimum tradeline requirement, borrower only has 1 account open for full length, but was closed in XXXX, after reported for XXXX months. All other accounts have been open for less than XXXX months. - Due Diligence Vendor-XXXX | Waived-Exception provided on page #XXXX. Exception Request for 1) Not meeting the minimum tradeline requirement, borrower only has 1 account open for full length, but was closed in XXXX, after reported for XXXX months. All other accounts have been open for less than XXXX months. - Due Diligence Vendor-XXXX |
70.93% LTV is below the maximum 75% LTV by 4.07%. XXXX Representative credit score exceeds the minimum required of XXXX by XXXX points $XXXX reserves exceed the minimum required of $XXXX exceeds the minimum by 15 months over the required minimum. |
XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | |||||
| XXXX | XXXX | 4350121229 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Property | Property | Property has been listed for sale in the past 6 months | Waived-Exception provided on page #XXXX. Exception Request for 2) Property recently listed for sale within past 6 months - Due Diligence Vendor-XXXX | Waived-Exception provided on page #XXXX. Exception Request for 2) Property recently listed for sale within past 6 months - Due Diligence Vendor-XXXX |
DSCR ratio of 1.00 exceeds the minimum requirement of 0.75 by 0.25 points. $XXXX reserves exceed the minimum required of $XXXX exceeds the minimum by 15 months over the required minimum. |
XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | |||||
| XXXX | XXXX | 4350121229 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Property | Appraisal | Property/Appraisal General | Waived-Exception provided on page #XXXX. Exception Request for 3) Property bought inXXXX in name of LLC where borrower was only 50% owner, another transfer occurred XXXX into the present LLC where borrower is sole owner - Due Diligence Vendor-XXXX | Waived-Exception provided on page #XXXX. Exception Request for 3) Property bought in XXXX in name of LLC where borrower was only 50% owner, another transfer occurred XXXX into the present LLC where borrower is sole owner - Due Diligence Vendor-XXXX |
70.93% LTV is below the maximum 75% LTV by 4.07%. XXXX Representative credit score exceeds the minimum required of XXXX by XXXX points $XXXX reserves exceed the minimum required of $XXXX exceeds the minimum by XXXX months over the required minimum. |
XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | |||||
| XXXX | XXXX | 4350121208 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Condo project is ineligible | Waived-Exception provided on page #XXXX. Exception Request for Condo exception - Project has outstanding critical repairs that consist of a failing retaining wall. The subject unit is part of the outstanding repairs as the wall runs behind the unit. The cost and ETA of completion are to be determined as the HOA is still obtaining bids and interviewing engineers. Once a company is chosen, they will move forward. The project completion is expected to take about XXXX weeks once started. Each unit has a supplemental fee of $XXXX to be applied to the cost of the wall. - Due Diligence Vendor-XXXX | Waived-Exception provided on page #XXXX. Exception Request for Condo exception - Project has outstanding critical repairs that consist of a failing retaining wall. The subject unit is part of the outstanding repairs as the wall runs behind the unit. The cost and ETA of completion are to be determined as the HOA is still obtaining bids and interviewing engineers. Once a company is chosen, they will move forward. The project completion is expected to take about XXXX weeks once started. Each unit has a supplemental fee of $XXXX to be applied to the cost of the wall. - Due Diligence Vendor-XXXX |
Client elects to waive with the following compensating factors: 61.38% LTV is below the maximum 75% LTV by 13.62%. 38.46% DTI is below the maximum 45% DTI by 6.54%. |
XXXX | Primary Residence | Purchase | NA | XXXX | Originator Pre-Close | Yes | |||||
| XXXX | XXXX | 4350121206 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited FICO is less than Guideline requirements | Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX Open-FICO value does not meet Guideline requirements Audited FICO of XXXX does not meet minimum required XXXX per GL's. - Due Diligence Vendor-XXXX |
Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |
55% LTV is below the maximum 70% LTV by 15%. Primary Residence Free and Clear. Prior mortgage history 0x30 mortgage history for XXXX months. |
XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | |||||
| XXXX | XXXX | 4350121231 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Coverage Amount is less than Required Coverage Amount | Resolved-Updated HOI rec'd/resolved - Due Diligence Vendor-XXXX Resolved-Hazard Insurance Coverage Amount of $XXXX is equal to or greater than Required Coverage Amount of $XXXX or Guaranteed Replacement Coverage is present (Guaranteed Replacement Coverage indicator is 'No') - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Hazard Insurance Coverage Amount of $XXXX is less than Required Coverage Amount of $XXXX and Guaranteed Replacement Coverage indicator is 'No' Hazard Insurance Coverage is less than Required Coverage Amount of $XXXX. Required RCE or updated document - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Updated HOI rec'd/resolved - Due Diligence Vendor-XXXX Resolved-Hazard Insurance Coverage Amount of $XXXX is equal to or greater than Required Coverage Amount of $XXXX or Guaranteed Replacement Coverage is present (Guaranteed Replacement Coverage indicator is 'No') - Due Diligence Vendor-XXXX |
770f0759-1e9a-489b-8505-400ae71ee1cf.pdf b7b32854-cb3f-4502-a98e-82c3048a2d55.pdf |
XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121231 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Secondary Valuation (CDA) uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 Secondary Property Valuation document missing in file. Please provide. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Secondary Valuation (CDA) uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-XXXX |
CDA - Collateral Desktop Appraisal.pdf | XXXX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121219 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | DSCR Does Not Meet Guideline Requirements | Resolved-DSCR STR analysis rec'd/resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Per UW: "Disagree with findings - Rental income is Short Term rental income - see attached Short term rental income analysis report supporting annual estimated rental income which includes occupancy rate $XXXX/ 12 months = $ XXXX per month used to qualify. Appraisal market rent is not based on short term rental - using STR report analysis which includes consideration for the occupancy rate." - Seller-XXXX Open-Audited DSCR 1.334 does not match UW DSCR of 2.39 per 1008. Audited DSCR Calculated using 125% of 1007 market Rent per GL of $XXXX / pitia $XXXX = 1.281 DSCR. UW DSCR using full STR of $XXXX / pitia $XXXX=2.3999. Please provide Exception allowing use of full STR estimate $XXXX or updated OW DSCR using Max allowed 1007 marker rent $XXXX - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Per UW: "Disagree with findings - Rental income is Short Term rental income - see attached Short term rental income analysis report supporting annual estimated rental income which includes occupancy rate $ XXXX/ 12 months = $ XXXX per month used to qualify. Appraisal market rent is not based on short term rental - using STR report analysis which includes consideration for the occupancy rate." - Seller-XXXX |
Resolved-DSCR STR analysis rec'd/resolved - Due Diligence Vendor-XXXX |
DSCR 2.35.pdf Appraisal - Short Term Rental Form (STR).pdf |
XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121219 | Closed | XXXX | XXXX | Resolved | 1 - Information | B | A | Credit | Missing Doc | Approval/Underwriting Summary Partially Provided | Resolved-STR Analysis rec'd/resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Provide 12 month STR Analysis form Opteon used to calculate DSCR - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-STR Analysis rec'd/resolved - Due Diligence Vendor-XXXX |
Appraisal - Short Term Rental Form (STR).pdf | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121187 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Waived-Audited DTI Exceeds Guideline DTI Client elects to waive with the following compensating factors. - Due Diligence Vendor-XXXX | Waived-Audited DTI Exceeds Guideline DTI Client elects to waive with the following compensating factors. - Due Diligence Vendor-XXXX |
Client elects to waive with the following compensating factors: Credit Score is XXXX. Minimum required per guidelines is XXXX. Borrower(s) have XXXX months Reserves. Minimum required per guidelines is 9 months. Borrower has worked in same industry more than 5 years. |
XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | |||||
| XXXX | XXXX | 4350121187 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Business Narrative | Resolved-Received Business Narratives. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Provide Business Narrative. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Received Business Narratives. - Due Diligence Vendor-XXXX |
XXXX Farms Business Narrative.pdf XXXX Realty Business Narrative.pdf |
XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121217 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Ineligible Housing History per program guidelines | Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX Open-2 x 30 x 12 exceeds allowable lates of 1 x 30 x 12 per guidelines. - Due Diligence Vendor-XXXX |
Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |
$XXXX reserves (not including Cash Out) exceed the minimum required of $XXXX exceeds the minimum by 9 months over the required minimum. XXXX Representative credit score exceeds the minimum required of XXXX by 40 points |
XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | |||||
| XXXX | XXXX | 4350121216 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Audited Loan Amount is less than Guideline Minimum Loan Amount Exception provided on page #XXXX. Exception request for loan amount less than $XXXX program minimum - Due Diligence Vendor-XXXX | Waived-Audited Loan Amount is less than Guideline Minimum Loan Amount Exception provided on page #XXXX. Exception request for loan amount less than $XXXX program minimum - Due Diligence Vendor-XXXX |
XXXX Representative credit score exceeds the minimum required of XXXX by 40 points $XXXX reserves exceed the minimum required of $XXXX exceeds the minimum by 14 months over the required minimum. |
XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | |||||
| XXXX | XXXX | 4350121216 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Ineligible Housing History per program guidelines | Waived-Housing History Does Not Meet Guideline Requirements Exception provided on page #XXXX. Exception to allow overall mortgage history with 3x30 lates within past 12 months - Due Diligence Vendor-XXXX | Waived-Housing History Does Not Meet Guideline Requirements Exception provided on page #XXXX. Exception to allow overall mortgage history with 3x30 lates within past 12 months - Due Diligence Vendor-XXXX |
XXXX Representative credit score exceeds the minimum required of XXXX by 40 points $XXXX reserves exceed the minimum required of $XXXX exceeds the minimum by 14 months over the required minimum. |
XXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | |||||
| XXXX | XXXX | 4350121177 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Ineligible Borrower per program guidelines | Waived- - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Exception Approval Attached - Seller-XXXX Open-Borrower Type ineligible per program guidelines. Missing approved Lender's Exception as per 1008 - Subject transaction is investment property for a FTHB - Guidelines allow primary residence only for FTHB - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Exception Approval Attached - Seller-XXXX |
Waived- - Due Diligence Vendor-XXXX |
Exception Approval.pdf | 80% LTV is below the maximum 85% LTV by 5%. 29.34% DTI is below the maximum 43% DTI by 13.66%. XXXX Representative credit score exceeds the minimum required of XXXX by 34 points $XXXX reserves exceed the minimum required of $XXXX exceeds the minimum by 20 months over the required minimum. |
XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | |||
| XXXX | XXXX | 4350121221 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Coverage Amount is less than Required Coverage Amount | Resolved-Evidence of GRC rec'd/resolved - Due Diligence Vendor-XXXX Resolved-Hazard Insurance Coverage Amount of $XXXX is equal to or greater than Required Coverage Amount of $XXXX or Guaranteed Replacement Coverage is present (Guaranteed Replacement Coverage indicator is 'Yes') - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Hazard Insurance Coverage Amount of $XXXX is less than Required Coverage Amount of $XXXX and Guaranteed Replacement Coverage indicator is 'N/A' The Hazard Insurance coverage amount of $XXXX is less than the loan amount of $XXXX, and Guaranteed Replacement Coverage is also not available. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Evidence of GRC rec'd/resolved - Due Diligence Vendor-XXXX Resolved-Hazard Insurance Coverage Amount of $XXXX is equal to or greater than Required Coverage Amount of $XXXX or Guaranteed Replacement Coverage is present (Guaranteed Replacement Coverage indicator is 'Yes') - Due Diligence Vendor-XXXX |
HOI - EOI XXXXK.pdf | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121221 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | Missing subject rental income documentation | Resolved-Short Term Rental Analysis uploaded, Verified - Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-DSCR qualifies using short-term rental income; however, supporting documentation is missing. DSCR was verified based on the provided DSCR worksheet and 1008 UW comments. Please provide STR Analysis - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Short Term Rental Analysis uploaded, Verified - Resolved - Due Diligence Vendor-XXXX |
Appraisal - Short Term Rental.pdf | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121197 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Missing evidence of rate lock | Resolved-Rate lock received. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Provide Evidence of rate lock. Only received float agreement. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Rate lock received. - Due Diligence Vendor-XXXX |
Lock-In Agreement.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121197 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Business Narrative | Resolved-Received Business Narrative. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Provide Business Narrative. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Received Business Narrative. - Due Diligence Vendor-XXXX |
Business Narrative.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121224 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | Property potentially affected by FEMA Disaster(s) INDIVIDUAL ASSISTANCE AREA | Resolved-Disaster report received. No damage reported. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Property potentially affected by FEMA Disaster ID XXXX. SEVERE STORMS FLOODING LANDSLIDES AND MUDSLIDES XXXX - Declared XXXX with an Incident End Date of XXXX with Public Assistance: YES and Individual Assistance: YES. Property inspection with exterior photos required. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Disaster report received. No damage reported. - Due Diligence Vendor-XXXX |
XXXX-XXXX, XXXX V1.pdf | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121224 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Doc Issue | HOA Fee Difference | Resolved-Requested updated 1008 with updated HOA fee of $XXXX provided, updated & condition resolved. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-HOA Fee difference exsits between validated HOA and documents 1008 has HOA fee listed as $XXXX, Appraisal shows $XXXX. Provide documentation of higher HOA. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Requested updated 1008 with updated HOA fee of $XXXX provided, updated & condition resolved. - Due Diligence Vendor-XXXX |
1008 Transmittal Summary_2.pdf | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121188 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited FICO is less than Guideline requirements | Waived-Audited FICO of XXXX is less than Guideline FICO of XXXX Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX | Waived-Audited FICO of XXXX is less than Guideline FICO of XXXX Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |
Client elects to waive with the following compensating factors: Borrower(s) have 10.95 months Reserves. Minimum required per guidelines is 6 months. Borrower Housing History is 0X30, 24 months. Housing History required per guidelines is 0X30, 12 months. Borrower has worked in same job for XXXX years. |
XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | |||||
| XXXX | XXXX | 4350121188 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Loan does not conform to program guidelines Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX | Waived-Loan does not conform to program guidelines Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |
Client elects to waive with the following compensating factors: Borrower(s) have 10.95 months Reserves. Minimum required per guidelines is 6 months. Borrower Housing History is 0X30, 24 months. Housing History required per guidelines is 0X30, 12 months. Borrower has worked in same job for XXXX years. |
XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | |||||
| XXXX | XXXX | 4350121183 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | DTI unknown | Resolved-No Change the other loan was cancelled - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. The 1008 wasn't updated properly, the other property ended up being commercial. The 1008 was updated and there is no change to the 1003 - Seller-XXXX Counter-Same 1003 is attached if there is a new property based on 1008 there is will need updated 1003 and 1008 - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. 1003 1008 - Seller-XXXX Open-Based on 1008 borrower is purchasing another property at same time. Need updated 1003 with the other property and negative income if needed . - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. The 1008 wasn't updated properly, the other property ended up being commercial. The 1008 was updated and there is no change to the 1003 - Seller-XXXX Ready for Review-Document Uploaded. 1003 1008 - Seller-XXXX |
Resolved-No Change the other loan was cancelled - Due Diligence Vendor-XXXX |
Underwriting 1003 1008.pdf Underwriting 1003 1008.pdf |
XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121183 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-Previous Ho3 Policy dated XXXX to XXXX uploaded, Verified - Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Hazard Insurance Effective Date of XXXX is after the Note Date ofXXXX Hazard insurance effective date of XXXX is after the note date of XXXX. Provide the HOI with effective date on or before closing date. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Previous Ho3 Policy dated XXXX to XXXX uploaded, Verified - Resolved - Due Diligence Vendor-XXXX |
XXXX XXXX PAGE.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121183 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Fraud Report - Seller-XXXX Open-Fraud Report Shows Uncleared Alerts Per the GL XXXX page # XXXX a clear fraud report is required. The fraud report in file (page # XXXX) is showing 1 high uncleared alert. The required cleared report is missing. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Fraud Report - Seller-XXXX |
Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX |
Fraud.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121183 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Homeownership Counseling Disclosure Is Partially Provided | Resolved-Received and updated disclosure page - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Homeownership Counseling Disclosure is missing in file. Provide Homeownership Counseling Disclosure. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Received and updated disclosure page - Due Diligence Vendor-XXXX |
Homeownership Counseling.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121183 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Missing Service Provider List | Resolved-Received providers list - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Service Provider List - Seller-XXXX Open-Settlement Service Provider List is missing. Provide Settlement Service Provider List - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Service Provider List - Seller-XXXX |
Resolved-Received providers list - Due Diligence Vendor-XXXX |
Service Provider List.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121183 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | XXXX Home Equity Receipt Of Documents is Missing | Resolved-Received receipt of XXXX Equity docs - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. XXXX Home Equity Receipt Of Documents - Seller-XXXX Open-XXXX Home Equity Receipt Of Documents is Missing. Provide XXXX Home Equity Receipt Of Documents . - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. XXXX Home Equity Receipt Of Documents - Seller-XXXX |
Resolved-Received receipt of XXXX Equity docs - Due Diligence Vendor-XXXX |
Receipt of Document Copies.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121183 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Disclosure | Missing Intent to Proceed | Resolved-Received and updated disclosure page - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Missing Signed Intent to Proceed Disclosure. Required on Primary Residence and Second Homes. Signed Intent to Proceed Disclosure is missing. Provide Signed Intent to Proceed Disclosure - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Received and updated disclosure page - Due Diligence Vendor-XXXX |
Intent to Proceed.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121183 | Closed | XXXX | XXXX | Resolved | 1 - Information | B | A | Compliance | Missing Doc | Missing Anti-Steering Disclosure | Resolved-Received Anti updated disclosure page - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Antisteering - Seller-XXXX Open-Anti-Steering Disclosure is missing. Provide Anti-Steering Disclosure. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Antisteering - Seller-XXXX |
Resolved-Received Anti updated disclosure page - Due Diligence Vendor-XXXX |
Antisteering.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121183 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | Compliance | TRID LE date violation; missing initial Loan Estimate. Unable to determine TRID date of compliance. | Resolved-Received Initial LE updated TRID - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Initial LE - Seller-XXXX Open-One in file initial Loan Estimate is missing. Provide Initial LE. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Initial LE - Seller-XXXX |
Resolved-Received Initial LE updated TRID - Due Diligence Vendor-XXXX |
Initial LE.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121183 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Initial 1003 is Missing | Resolved-Received Initial 1003 updated initial date - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Initial 1003 - Seller-XXXX Open- Initial 1003 is missing in file. Provide Initial 1003 document. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Initial 1003 - Seller-XXXX |
Resolved-Received Initial 1003 updated initial date - Due Diligence Vendor-XXXX |
Initial 1003.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121233 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Requested updated title report with updated coverage amount that covers loan amount provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. FTP - Seller-XXXX Open-Title Coverage Amount of $XXXX is Less than Loan Amount Provide updated title with the coverage amount as the provided one on page XXXX not reflecting loan amount. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. FTP - Seller-XXXX |
Resolved-Requested updated title report with updated coverage amount that covers loan amount provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-XXXX |
ALTA Lenders_(XXXX).pdf | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121233 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | Property potentially affected by FEMA Disaster(s) INDIVIDUAL ASSISTANCE AREA | Resolved-PDI received clear from storm damage - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Disaster Report attached - Seller-XXXX Open-Fail Potential FEMA. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Disaster Report attached - Seller-XXXX |
Resolved-PDI received clear from storm damage - Due Diligence Vendor-XXXX |
Disaster Report.pdf | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121179 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Requested alerts cleared fraud report provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. cleared alerts - Seller-XXXX Open-Fraud Report Shows Uncleared Alerts Per the GL XXXX page # XXXX a clear fraud report is required. The fraud report in file (page # XXXX) is showing 2 high uncleared alert. The required cleared report is missing. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. cleared alerts - Seller-XXXX |
Resolved-Requested alerts cleared fraud report provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX |
Cleared Alerts.pdf | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121179 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Received secondary updated property page. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Freddie SSR - LCA Score of 1 - Seller-XXXX Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 Provide a FNMA or FHLMC UCDP/SSR report with a score less than 2.5, or an appraisal desk review as the CU in file shows risk score of 2.9 - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Freddie SSR - LCA Score of 1 - Seller-XXXX |
Resolved-Received secondary updated property page. - Due Diligence Vendor-XXXX |
XXXX_Freddie SSR.pdf | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121178 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Updated fraud report with cleared alerts provided. Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX Open-Missing Third Party Fraud Report - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX |
Resolved-Updated fraud report with cleared alerts provided. Resolved - Due Diligence Vendor-XXXX |
Cleared Alerts.pdf | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121178 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | 1008 Document is Missing | Resolved-1008 Document uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. 1008 - Seller-XXXX Open-The 1008 document is missing from the loan file. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. 1008 - Seller-XXXX |
Resolved-1008 Document uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-XXXX |
XXXX 1008.pdf | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121227 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Requested STR documents with highest short term rent provided, using which DSCR coming more than 1% hence LTV is increased to 80% which is more than qualifying LTV of 75%, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-Audited LTV of 75% is less than or equal to Guideline LTV of 80% - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. using str income to qualify. i have attached str for review. - Seller-XXXX Open-Audited LTV Exceeds Guideline LTV Audited LTV of 75% Exceeds Guideline LTV 70% for a DSCR <1.0. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. using str income to qualify. i have attached str for review. - Seller-XXXX |
Resolved-Requested STR documents with highest short term rent provided, using which DSCR coming more than 1% hence LTV is increased to 80% which is more than qualifying LTV of 75%, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-Audited LTV of 75% is less than or equal to Guideline LTV of 80% - Due Diligence Vendor-XXXX |
XXXX-F2 1007 Short-Term Rent Schedule (STR F.pdf | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121227 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | DSCR Calculation Undocumented | Resolved-Requested DSCR calculation sheet provided, updated & condition resolved. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Provide DSCR worksheet. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Requested DSCR calculation sheet provided, updated & condition resolved. - Due Diligence Vendor-XXXX |
Income Calculation Worksheet.pdf | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121205 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Income/Employment | Income/Employment General | Waived-Use of supplemental Asset Depletion income as a 10% portion which does not meet or exceed 25% of the total gross income overall - Due Diligence Vendor-XXXX Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |
Waived-Use of supplemental Asset Depletion income as a 10% portion which does not meet or exceed 25% of the total gross income overall - Due Diligence Vendor-XXXX Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |
Client elects to waive with the following compensating factors: 53.19% LTV is below the maximum 75% LTV by 21.81%. XXXX Representative credit score exceeds the minimum required of XXXX by 34 points. |
XXXX | Second Home | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | |||||
| XXXX | XXXX | 4350121205 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Assets | Asset General | Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX Ready for Review-please advise what is needed, clarification as to the the issue as this appears to be more of a statement then a deficiency - Seller-XXXX Open-An exception provided in findings says "The borrower took 2 initial distributions from new auto-pay from his retirement account and now has XXXX months continuance as of the closing date", Recommends waiving. - Due Diligence Vendor-XXXX |
Ready for Review-please advise what is needed, clarification as to the the issue as this appears to be more of a statement then a deficiency - Seller-XXXX |
Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |
53.19% LTV is below the maximum 75% LTV by 21.81%. XXXX Representative credit score exceeds the minimum required of XXXX by 34 points |
XXXX | Second Home | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | No | ||||
| XXXX | XXXX | 4350121205 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Requested full exception provided, updated exception in separate condition & resolved this condition. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Provide clarification on the Exception form. The last sentence is not complete. It reads, "The borrower took 2 initial". Need to verify if another exception needs to be added. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Requested full exception provided, updated exception in separate condition & resolved this condition. - Due Diligence Vendor-XXXX |
Copy of XXXX Exception Form (XXXX XXXX_XXXX.pdf | XXXX | Second Home | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121205 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | TRID Tolerance | Insufficient Change of Circumstance (XXXX) | Resolved-COC received. - Due Diligence Vendor-XXXX Resolved-Resolved - Due Diligence Vendor-XXXX Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open- - Due Diligence Vendor-XXXX Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). Provide COC. Points - Loan Discount Fee increased from $252.00 to $2,236.80. - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-COC received. - Due Diligence Vendor-XXXX Resolved-Resolved - Due Diligence Vendor-XXXX |
Changed Circumstances_2.pdf | XXXX | Second Home | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121205 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Business Narrative | Resolved-Requested self employment business narrative provided, updated & condition resolved. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Provide Business Narrative. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Requested self employment business narrative provided, updated & condition resolved. - Due Diligence Vendor-XXXX |
Business Narrative.pdf | XXXX | Second Home | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121205 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Requested asset depletion income calculator provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-Validation Resolved' - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. Missing income calculator for Asset Depletion income. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Requested asset depletion income calculator provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-Validation Resolved' - Due Diligence Vendor-XXXX |
Asset Depletion Calculator_5.pdf Income Calculation Worksheet Self Employed.pdf |
XXXX | Second Home | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121205 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Assets | Cash Out Does Not Meet Guideline Requirements | Waived-Cash Out is not completed according to the guideline requirements Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX | Waived-Cash Out is not completed according to the guideline requirements Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |
Client elects to waive with the following compensating factors: 53.19% LTV is below the maximum 75% LTV by 21.81%. XXXX Representative credit score exceeds the minimum required of XXXX by 34 points. |
XXXX | Second Home | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | |||||
| XXXX | XXXX | 4350121180 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX Open-Fraud Report Shows Uncleared Alerts Per the GL XXXX page # XXXX a clear fraud report is required. The Fraud report in file (page XXXX) is showing high 1 uncleared alert. The required cleared Fraud report is missing. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX |
Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-XXXX Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX |
Cleared Alerts.pdf | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121190 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Missing evidence of rate lock | Resolved-Received rate lock. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Missing Evidence of Rate lock. Only received Float agreement. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Received rate lock. - Due Diligence Vendor-XXXX |
Lock-In Agreement.pdf | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121194 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | Deficient subject rental income documentation. | Resolved-proof sec dep rec'd/resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-As per guideline page#XXXX , If the lease rent amount used in DSCR calculation is higher than market rents. Provide 2 months proof of receipt of rent payments. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-proof sec dep rec'd/resolved - Due Diligence Vendor-XXXX |
Security Deposit-1st month rent.pdf | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121194 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Audited LTV of 75% exceeds Guideline LTV of 70% Exception provided on page #XXXX. Exception request for 75% LTV with current credit score of XXXX - normally requires XXXX score for the LTV - Due Diligence Vendor-XXXX | Waived-Audited LTV of 75% exceeds Guideline LTV of 70% Exception provided on page #XXXX. Exception request for 75% LTV with current credit score of XXXX - normally requires XXXX score for the LTV - Due Diligence Vendor-XXXX |
0x30 mortgage history for 66 months. XXXX Representative credit score exceeds the minimum required of XXXX by 14 points |
XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | |||||
| XXXX | XXXX | 4350121184 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | TRID | Final CD: Closing Cost Detail fee(s) not disclosed in the proper section based on ability to shop | Resolved-PCCD provided - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Updated PCCD - Seller-XXXX Open-As per Final CD page XXXX Title Fee Closing protection letter reflecting in B section is paid to provider XXXX that's not on provider List page XXXX, but the Fee is still in Section B, Move the Fee to Section C or Provide updated service provider. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Updated PCCD - Seller-XXXX |
Resolved-PCCD provided - Due Diligence Vendor-XXXX |
Loan_XXXX_POSTCLOSE_XXXXT17_41_XXXX.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121184 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Coverage Amount is less than Required Coverage Amount | Resolved-File has Appraisal with estimate cost new amount. Hence resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Seller Certificate - Seller-XXXX Open-Hazard Insurance Coverage Amount of $XXXX is less than Required Coverage Amount of $XXXX and Guaranteed Replacement Coverage indicator is 'No' Provide updated hazard insurance or RC document as the provided insurance on page XXXX dwelling not covering the loan amount. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Seller Certificate - Seller-XXXX |
Resolved-File has Appraisal with estimate cost new amount. Hence resolved - Due Diligence Vendor-XXXX |
XXXX_Seller Certificate.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121184 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Updated fraud report with cleared alerts provided. Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. cleared alerts - Seller-XXXX Open-Fraud Report Shows Uncleared Alerts Per the GL XXXX page # XXXX a clear fraud report is required. The fraud report in file (page # XXXX) is showing uncleared alert, provide updated fraud report. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. cleared alerts - Seller-XXXX |
Resolved-Updated fraud report with cleared alerts provided. Resolved - Due Diligence Vendor-XXXX |
Cleared Alerts.pdf | XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121193 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Client elects to waive with the following compensating factors - Due Diligence Vendor-XXXX Waived-Loan does not conform to program guidelines Exception on page XXXX The conversion from SFR to a 4 unit property was just completed and the borrower currently has 1 unit leased out and is in the process of leasing out the other units, but do not have them leased yet. The borrower will be renting at the appraisal market rent of 2 x $XXXX and 2 x $XXXX from the 4 units. Looking to use the Estimated rent of $XXXX for calculating the DSCR while the other 3 units are still being placed. - Due Diligence Vendor-XXXX |
Waived-Client elects to waive with the following compensating factors - Due Diligence Vendor-XXXX Waived-Loan does not conform to program guidelines Exception on page XXXX The conversion from SFR to a 4 unit property was just completed and the borrower currently has 1 unit leased out and is in the process of leasing out the other units, but do not have them leased yet. The borrower will be renting at the appraisal market rent of 2 x $XXXX and 2 x $XXXX from the 4 units. Looking to use the Estimated rent of $XXXX for calculating the DSCR while the other 3 units are still being placed. - Due Diligence Vendor-XXXX |
Credit Score is 792. Minimum required per guidelines is 720. Borrower(s) have 34.07 months Reserves. Minimum required per guidelines is 6 months. Borrower Housing History is 0X30, 70 months. Housing History required per guidelines is 0X30, 12 months. |
XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | |||||
| XXXX | XXXX | 4350121211 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | Missing subject rental income documentation | Resolved-Short Term Rent Analysis Document uploaded, Verified - Resolved - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-As per the 1008 UW comment and the DSCR worksheet, rental income is considered from XXXX short-term rental; Provide XXXX STR Analysis used to qualify. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Short Term Rent Analysis Document uploaded, Verified - Resolved - Due Diligence Vendor-XXXX |
XXXX- Short Term Rental praisal.pdf | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121211 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Loan does not conform to program guidelines Exception on page#XXXX Condo exception - Project has outstanding critical repairs. The milestone phase 1 report shows there is structural deterioration - Concrete spalling, delamination, and exposed corroding reinforcing steel. The HOA is in the process of finalizing its shoring and restoration recommendations with deliverables expected between XXXX- XXXX. Construction will begin right after. The reserve study also showed the seawalls to be replaced in XXXX - Due Diligence Vendor-XXXX |
Waived-Loan does not conform to program guidelines Exception on page#XXXX Condo exception - Project has outstanding critical repairs. The milestone phase 1 report shows there is structural deterioration - Concrete spalling, delamination, and exposed corroding reinforcing steel. The HOA is in the process of finalizing its shoring and restoration recommendations with deliverables expected between XXXX- XXXX. Construction will begin right after. The reserve study also showed the seawalls to be replaced in XXXX - Due Diligence Vendor-XXXX |
Credit Score is XXXX. Minimum required per guidelines is XXXX. Borrower(s) have 14.44 months Reserves. Minimum required per guidelines is 6 months. Borrower Housing History is 0X30, 24 months. Housing History required per guidelines is 0X30, 12 months. |
XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | |||||
| XXXX | XXXX | 4350121222 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | TRID | Final CD: File # is missing | Resolved-Received Final CD with Security Instrument information completed on pXXXX. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX Open-Provide completed Final CD. Page XXXX is missing the Security Interest details information. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see the attached - Seller-XXXX |
Resolved-Received Final CD with Security Instrument information completed on p4. - Due Diligence Vendor-XXXX |
Closing Disclosure (CD) - Final_2.pdf | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121222 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Deed of Trust is Missing | Resolved-Requested executed DOT provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-The Deed of Trust is Present - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-The Deed of Trust is Missing Provide executed Deed of Trust. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Requested executed DOT provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-The Deed of Trust is Present - Due Diligence Vendor-XXXX |
Mortgage - Deed of Trust.pdf | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121222 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Requested Income Calculation Worksheet provided, updated & Condition Resolved - Due Diligence Vendor-XXXX Resolved-Validation Resolved' - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. Provide Asset depletion income worksheet. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Requested Income Calculation Worksheet provided, updated & Condition Resolved - Due Diligence Vendor-XXXX Resolved-Validation Resolved' - Due Diligence Vendor-XXXX |
Asset Depletion Calculator.pdf | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121189 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | Appraisal deficiency. | Resolved-Received corrected Appraisal with PUD check marked. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-PUD rider is included in file; however, the appraisal report does not have the PUD box selected. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Received corrected Appraisal with PUD check marked. - Due Diligence Vendor-XXXX |
905c625f-ed2c-43a0-8b63-82be2ca59416.pdf 5ef998f3-7160-42fb-8b54-42cd445bf686.pdf b9f9f618-b987-4c46-a71e-e24d62355783.pdf d6692e26-e022-42d2-8ba6-5cebd583ba8a.pdf |
XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121189 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Missing | Resolved-Requested full HOI policy provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Missing Hazard Insurance Policy Provide Hazard Insurance policy for subject property. Only received the receipt. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Requested full HOI policy provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-XXXX |
Property Insurance - Hazard_2.pdf | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121189 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Certificate Partially Provided | Resolved-Flood Certificate is fully present - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. See attached - Seller-XXXX Open-Provide Flood Certificate for subject property. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. See attached - Seller-XXXX |
Resolved-Flood Certificate is fully present - Due Diligence Vendor-XXXX |
Flood Certificate.pdf | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121182 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien XXXX)(Conforming) | Resolved-The loan meets HPML Guidelines and is a Compliant HPML loan. - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Resolved-**The loan meets HPML Guidelines and is a Compliant HPML loan. - Due Diligence Vendor-XXXX Open-The loan's (XXXX%) APR equals or exceeds the Federal HPML threshold of (XXXX%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (XXXX%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s XXXX and the Final Closing disclosure on Pg#’s XXXX-XXXX reflects escrows. Rate lock date was entered correctly – see Pg#’s XXXX An interior and exterior appraisal was completed for this property – see pg XXXX-XXXX , the appraisal disclosure was provided to the borrower(s)- see Pg#’s XXXX-XXXX , and copy of the appraisal was given to the borrower – see Pg#’s XXXX for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX |
Resolved-The loan meets HPML Guidelines and is a Compliant HPML loan. - Due Diligence Vendor-XXXX Resolved-**The loan meets HPML Guidelines and is a Compliant HPML loan. - Due Diligence Vendor-XXXX |
XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||||
| XXXX | XXXX | 4350121182 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | HigherPriced:APR | XXXX - Higher Priced Mortgage Loan (First Lien XXXX)(Conforming) | Resolved-The loan meets HPML Guidelines and is a Compliant HPML loan. - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Resolved-**The loan meets HPML Guidelines and is a Compliant HPML loan. - Due Diligence Vendor-XXXX Open-This is a XXXX Higher-Priced Mortgage Loan (HPML). The loan's APR of (XXXX%) equals or exceeds the XXXX HPML threshold of (XXXX%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the last date the interest rate is set before consummation. The comparable APOR for this loan is (XXXX%).(Cal. Fin. Code 4995(a); 12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s XXXX and the Final Closing disclosure on Pg#’s XXXX-XXXX reflects escrows. Rate lock date was entered correctly – see Pg#’s XXXX An interior and exterior appraisal was completed for this property – see pg XXXX-XXXX , the appraisal disclosure was provided to the borrower(s)- see Pg#’s XXXX-XXXX , and copy of the appraisal was given to the borrower – see Pg#’s XXXX for the copy of the disclosure. The loan meets HPML guidelines. - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX Open- - Due Diligence Vendor-XXXX |
Resolved-The loan meets HPML Guidelines and is a Compliant HPML loan. - Due Diligence Vendor-XXXX Resolved-**The loan meets HPML Guidelines and is a Compliant HPML loan. - Due Diligence Vendor-XXXX |
XXXX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||||
| XXXX | XXXX | 4350121201 | Closed | XXXX | XXXX | Waived | 2 - Non-Material | B | B | Property | Appraisal | Property/Appraisal General | Waived-Condo exception - the Master Insurance is missing Ordinance or Law coverage. The HOA would need to wait until renewal to add this coverage. The risk is lowered since this project is legally zoned per appraisal. This project demonstrates financial stability by allocating 10% towards reserves annually and hold a current reserve balance of $XXXX. - Due Diligence Vendor-XXXX Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |
Waived-Condo exception - the Master Insurance is missing Ordinance or Law coverage. The HOA would need to wait until renewal to add this coverage. The risk is lowered since this project is legally zoned per appraisal. This project demonstrates financial stability by allocating 10% towards reserves annually and hold a current reserve balance of $XXXX. - Due Diligence Vendor-XXXX Waived-Client elects to waive with the following compensating factors: - Due Diligence Vendor-XXXX |
Client elects to waive with the following compensating factors: 36.25% DTI is below the maximum 45% DTI by 8.75%. XXXX Representative credit score exceeds the minimum required of XXXX by 130 points. |
XXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | |||||
| XXXX | XXXX | 4350121201 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Business Narrative | Resolved-Requested business narrative provided, updated & condition resolved. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Provide Business Narrative. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Requested business narrative provided, updated & condition resolved. - Due Diligence Vendor-XXXX |
Business Narrative.pdf | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121201 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Missing evidence of rate lock | Resolved-Requested lock confirmation with lock date provided, updated & condition resolved. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Please see attached - Seller-XXXX Open-Provide Evidence of rate lock. Only received float agreement. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Please see attached - Seller-XXXX |
Resolved-Requested lock confirmation with lock date provided, updated & condition resolved. - Due Diligence Vendor-XXXX |
Lock-In Agreement.pdf | XXXX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121232 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Provided Fraud shows uncleared alerts has been cleared. - Due Diligence Vendor-XXXX Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX Open-Missing Third Party Fraud Report Provide Third Party Fraud Report with uncleared alerts document as it is missing in the file - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-XXXX |
Resolved-Provided Fraud shows uncleared alerts has been cleared. - Due Diligence Vendor-XXXX Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-XXXX |
Cleared Alerts.pdf | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121232 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Missing | Resolved-Final 1003 document provided. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Final 1003 - Seller-XXXX Open-The Final 1003 is Missing Provide Final 1003 document as it is missing in the file - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Final 1003 - Seller-XXXX |
Resolved-Final 1003 document provided. - Due Diligence Vendor-XXXX |
XXXX final URLA.pdf | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121232 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Updated Title Commitment uploaded, Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s), Verified - Resolved - Due Diligence Vendor-XXXX Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Title Report showing $XXXX loan amount on page XXXX - Seller-XXXX Open-Title Coverage Amount of $XXXX is Less than Loan Amount Provide updated Title document as the one in file is not showing coverage amount - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Title Report showing $XXXX loan amount on page XXXX - Seller-XXXX |
Resolved-Updated Title Commitment uploaded, Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s), Verified - Resolved - Due Diligence Vendor-XXXX Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-XXXX |
XXXX Prelim XXXX.pdf | XXXX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121236 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Credit | Property potentially affected by FEMA Disaster(s) INDIVIDUAL ASSISTANCE AREA | Resolved-Property inspection report dated XXXX states no damage noted with photos, property screen updated. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Disaster report - Seller-XXXX Open-Property potentially affected by FEMA Disaster ID XXXX. SEVERE STORMS, FLOODING, LANDSLIDES, AND MUDSLIDES, XXXX - Declared XXXX with an Incident End Date of XXXX with Public Assistance: YES and Individual Assistance: YES. Property inspection with exterior photos required. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Disaster report - Seller-XXXX |
Resolved-Property inspection report dated XXXX states no damage noted with photos, property screen updated. - Due Diligence Vendor-XXXX |
Disaster Report.pdf | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121236 | Closed | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Provided Fraud shows All Fraud Report Alerts have been cleared or None Exist. - Due Diligence Vendor-XXXX Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. cleared alert - Seller-XXXX Open-Fraud Report Shows Uncleared Alerts Per the guideline Version XXXX on page#XXXX a clear fraud report is required. The fraud report in file pg#XXXX is showing a High alert. The required cleared report is missing. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. cleared alert - Seller-XXXX |
Resolved-Provided Fraud shows All Fraud Report Alerts have been cleared or None Exist. - Due Diligence Vendor-XXXX Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-XXXX |
Cleared Alerts.pdf | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | ||||
| XXXX | XXXX | 4350121236 | Closed | XXXX | XXXX | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Deed of Trust is Missing | Resolved-Requested DOT provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-The Deed of Trust is Present - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. Deed of Trust - Seller-XXXX Open-Provide the DOT. - Due Diligence Vendor-XXXX Open-The Deed of Trust is Missing Deed of Trust document missing - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. Deed of Trust - Seller-XXXX |
Resolved-Requested DOT provided, updated & condition resolved. - Due Diligence Vendor-XXXX Resolved-The Deed of Trust is Present - Due Diligence Vendor-XXXX |
Ingram_Deed of trust_Mortgage.pdf | XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A |