|
Client Name:
|
||||
|
Client Project Name:
|
SEMT 2026-9
|
|||
|
Start - End Dates:
|
2/5/2026 - 6/17/2026
|
|||
|
Deal Loan Count:
|
236
|
|||
|
Waived Conditions Summary
|
||||
|
Review Scope
|
Category
|
Code
|
Description
|
Count
|
|
Credit
|
Legal Documents
|
CRDLGL988
|
Loan File is Missing or Contains Insufficient Documentation for Basic Review
|
1
|
|
Credit
|
Terms/Guidelines
|
CRDTER111
|
Ownership seasoning does not meet minimum per guidelines
|
1
|
|
Credit
|
Terms/Guidelines
|
CRDTER113
|
Loan amount is below guideline minimum
|
1
|
|
Credit
|
Terms/Guidelines
|
CRDTER3122
|
Loan documents do not meet guideline requirements
|
1
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH1805
|
Debts/obligations not disclosed/accounted for at origination
|
1
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH193
|
Length of mortgage/rental history in file does not meet guideline requirement
|
6
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH2662
|
Number of mortgaged properties exceeds guideline limit
|
1
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH3000
|
# of Tradelines Does Not Meet Guideline Requirements
|
1
|
|
Credit
|
LTV/CLTV
|
CRDLTV5738
|
CLTV Exceeds Guideline Requirement by less than 5%
|
1
|
|
Credit
|
Income/Employment
|
CRDINC150
|
Income docs do not meet guidelines
|
1
|
|
Credit
|
Income/Employment
|
CRDINC2408
|
Income verification does not meet guidelines
|
1
|
|
Credit
|
Income/Employment
|
CRDINC2488
|
Verbal verification of employment missing
|
2
|
|
Credit
|
Income/Employment
|
CRDINC2496
|
Verbal verification of employment completed outside the stated requirements and/or after closing/funding
|
3
|
|
Credit
|
Income/Employment
|
CRDINC3204
|
Income Documentation Missing
|
1
|
|
Credit
|
Income/Employment
|
CRDINC888
|
Income Amount is Unsupported by Documentation in File
|
1
|
|
Credit
|
Insurance
|
CRDINSR5351
|
Insurance Effective date is greater than the transaction date
|
5
|
|
Credit
|
Insurance
|
CRDINSR5352
|
Flood Effective date is greater than the transaction date
|
1
|
|
Credit
|
Application
|
CRDAPP1813
|
Undisclosed non-arm's length transaction
|
1
|
|
Credit
|
Assets
|
CRDAST206
|
Asset Amounts Are Unsupported by Documentation in File
|
1
|
|
Credit
|
Assets
|
CRDAST2670
|
Asset documentation is insufficient per guideline requirements
|
2
|
|
Credit
|
Assets
|
CRDAST3078
|
Insufficient # of months cash reserves for PITI per guideline requirements
|
1
|
|
Property Valuations
|
Property
|
PRVAPROP241
|
Property Type unacceptable under guidelines
|
2
|
|
Property Valuations
|
Appraisal
|
PRVAAPPR235
|
Appraisal over XXX months old
|
1
|
|
Property Valuations
|
Appraisal
|
PRVAAPPR3116
|
Missing updated valuation
|
1
|
|
Compliance
|
Right of Rescission
|
CMPROR1909
|
Incorrect ROR Form Used - XXX Form Used in Refinance With Original Creditor
|
9
|
|
Compliance
|
Texas Home Equity
|
CMPTXHE308
|
Voluntary Same-Lender Debt disclosure not provided to borrower
|
1
|
|
Compliance
|
RESPA
|
CMPRESPA2700
|
RESPA - List of homeowners counseling organizations not provided w/in XXX days of application
|
5
|
|
Total
|
53
|
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|
©2026 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which
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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