|
Client Name:
|
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|
Client Project Name:
|
SEMT 2026-8
|
|||
|
Start - End Dates:
|
3/4/2026 - 5/22/2026
|
|||
|
Deal Loan Count:
|
187
|
|||
|
Waived Conditions Summary
|
||||
|
Review Scope
|
Category
|
Code
|
Description
|
Count
|
|
Credit
|
Terms/Guidelines
|
CRDTER3102
|
Buydowns not permitted per guidelines
|
1
|
|
Credit
|
Terms/Guidelines
|
CRDTER3122
|
Loan documents do not meet guideline requirements
|
1
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH193
|
Length of mortgage/rental history in file does not meet guideline requirement
|
1
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH3000
|
# of Tradelines Does Not Meet Guideline Requirements
|
1
|
|
Credit
|
LTV/CLTV
|
CRDLTV5736
|
LTV Exceeds Guideline Requirement by less than XXX%
|
1
|
|
Credit
|
Income/Employment
|
CRDINC150
|
Income docs do not meet guidelines
|
2
|
|
Credit
|
Income/Employment
|
CRDINC888
|
Income Amount is Unsupported by Documentation in File
|
2
|
|
Credit
|
Insurance
|
CRDINSR5351
|
Insurance Effective date is greater than the transaction date
|
7
|
|
Credit
|
Assets
|
CRDAST3078
|
Insufficient # of months cash reserves for PITI per guideline requirements
|
1
|
|
Property Valuations
|
Property
|
PRVAPROP2556
|
Acreage exceeds property eligibility guidelines
|
1
|
|
Property Valuations
|
Appraisal
|
PRVAAPPR171
|
Subject Photos Unacceptable
|
1
|
|
Compliance
|
Right of Rescission
|
CMPROR1909
|
Incorrect ROR Form Used - XXX Form Used in Refinance With Original Creditor
|
6
|
|
Compliance
|
RESPA
|
CMPRESPA863
|
RESPA: Required Affiliate Business Disclosure missing
|
1
|
|
Total
|
26
|
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it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited.
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