EXHIBIT 99.19

clayton CONDITIONS report

©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.

 

Deal ID

Loan Number

Original Principal Balance

State

Initial Lender ATR/QM Status

Loan Level ATR/QM Status

Initial Securitization Overall Loan Grade

Final Securitization Overall Loan Grade

Initial Securitization Credit Loan Grade

Final Securitization Credit Loan Grade

Initial Securitization Property Valuations Loan Grade

Final Securitization Property Valuations Loan Grade

Initial Securitization Compliance Loan Grade

Final Securitization Compliance Loan Grade

Initial S&P Overall Loan Grade

Final S&P Overall Loan Grade

Initial S&P Credit Loan Grade

Final S&P Credit Loan Grade

Initial S&P Property Valuations Loan Grade

Final S&P Property Valuations Loan Grade

Initial S&P Compliance Loan Grade

Final S&P Compliance Loan Grade

Condition Category

ConditionSub Category

Condition Status

Initial Securitization Condition Grade

Final Securitization Condition Grade

Initial S&P Condition Grade

Final S&P Condition Grade

Condition Code

Condition Description

Condition Material Indicator

Initial Comments

Client/Seller Response Comments

Conclusion Comments

TRID Error Type

Cure Method

Compensating Factors

Loan Status

1

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has a credit line usage ratio of XXXX%. CFCFS1739: Positive mortgage payment history - Clayton Comments:  XXXX - housing history CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 767.

Complete

2

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A.

(No Data)

This exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception satisfied. Final Grade A.

Numeric

Not Applicable

CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has a credit line usage ratio of  XXXX%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 753 is 93 points above the 660 required. CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXXmonths at current job.

Complete

2

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL100

Legal document incorrect or incomplete

No

The Note, Mortgage, amortization schedule, first payment letter and post close CD needs to be updated to reflect a first payment date of XXXX as the final CD indicates an interest credit.

updated Note, Mortgage, amortization schedule, first payment letter provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has a credit line usage ratio of XXXX%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 753 is 93 points above the 660 required. CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXX months at current job.

Complete

3

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Insurance

Satisfied

C

A

C

A

CRDINSR5351

Insurance Effective date is greater than the transaction date

No

The Insurance Effective date of XXXX is greater than the disbursement date of XXXX.

verification that no claims have been made provided

Condition satisfied.

Not Applicable

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  811 qualifying score is 171 points > 640 requirement. CFCFS1739: Positive mortgage payment history - Clayton Comments:  Borrower has positive mortgage payment history reported on credit report XXXX

Complete

4

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

A

C

A

C

B

D

B

D

A

C

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

No

Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation. The lender credit of $XXXX on the initial CD was removed on the final CD with no COC for the removal in file. Additionally, the City/County Tax Stamps increased from $XXXX on the initial CD to $XXXX on the final CD with no reason for the increase. The total fees that cannot increase was $XXXX

(No Data)

Lender provided corrected PCCD and Refund check - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is 730. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is 0x30x24+ months. CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been self-employed operating same business for XXXX years.

Complete

4

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

A

C

A

C

B

D

B

D

A

C

A

C

B

Credit

DTI

Satisfied

C

A

C

A

CRDDTI187

Debt Ratio > 50%

No

Without the rental income, the resulting DTI is 62.27% and the loan does not qualify.

Proof of rental income provided

Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is 730. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX months. CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been self-employed operating same business for XXXX years.

Complete

4

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

A

C

A

C

B

D

B

D

A

C

A

C

B

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC3204

Income Documentation Missing

No

Missing 3 months receipt of rental income for subject property ($XXXX/month) from a separate bank account. Rental income was used to offset PITIA payment as a secondary income source with the business bank statement program.

3 months proof of receipt provided for rental income

Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is 730. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX months. CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been self-employed operating same business for XXXX years.

Complete

4

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

A

C

A

C

B

D

B

D

A

C

A

C

B

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

Missing a Quit Claim deed transferring the property from XXXX to the borrower. Property vested in XXXX and borrower is 100% owner of XXXX.

Deed provided to cure

Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is 730. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX months. CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been self-employed operating same business for XXXX years.

Complete

4

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

A

C

A

C

B

D

B

D

A

C

A

C

B

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER5785

XXXX Delivery Restrictions -1

No

Per guidelines for all investment property transactions, any loan proceeds used to pay off personal debt creates a consumer transaction, and the loan is subject to ATR and TRID. Borrowers paid off all personal debt with subject property cash out proceeds.

Compliance completed on loan to clear exception.

Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is 730. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX months. CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been self-employed operating same business for XXXX years.

Complete

4

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

A

C

A

C

B

D

B

D

A

C

A

C

B

Property Valuations

Appraisal

Satisfied

C

A

C

A

PRVAAPPR233

Comps or Adjustments Not Appropriate

No

Subject property located in XXXX. Comps provided were not exposed to the open market. Comps obtained from "XXXX" per appraisal. A collateral desk analysis was completed with a lower value of $XXXX and was within the XXXX% tolerance of $XXXX appraised value. Comps are distant and dated for XXXX area (CDA also noted this issue).

The appraisers use of distant comparables was deemed as necessary due to the low number of condo comparable sales located in the subjects neighborhood. Per review of CU there are only two closed comparable sales located within XXXX miles of the subject property in which the appraiser utilized one of those closed sales which is comparable XXXX. It did sell for less than the subjects appraised value however CU is recommending an even higher model adjusted sales price of $XXXX as the appraiser applied more conservative adjustments than what was recommended by CU.  XXXX is the other closed sale located within a reasonable proximity however is a dated sale which suggests the reason why it was not utilized however its sales price is within the XXXX% threshold when compared to the appraised value.  XXXX is the third CU ranked sale which is also another dated sale that sold for $XXXX and model adjusts to $XXXX as recommended by CU.  XXXX is the fourth CU ranked sale that sold for a value that supports the higher end of the appraised value at $XXXX and model adjusts to $XXXX.  As evident per data on CU it was necessary for the appraiser to use distant sales for the area in which bracket the higher end of market value. If we average out CUs recommended model adjusted sales prices for the top XXXX CU ranked sales, they bracket an average sales price of $XXXX which still falls within the XXXX% threshold.  Additionally, if the opinion of value falls within XXXX% of the CDA, the appraisal meets guidelines as it falls within the acceptable tolerance. I have attached a copy of the sales that CU recommended confirming the lack of proximate sales for this area.

Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score is 730. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX months. CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has been self-employed operating same business for XXXX years.

Complete

5

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL100

Legal document incorrect or incomplete

No

The deed transferring the subject from XXXX and XXXX (vested on title commitment) to XXXX as married XXXX as XXXX sole and separate property joined by XXXX was not in the file.

Warranty Deed provided granting the property to the borrower was provided

Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months reserves exceeds minimum reserve requirement by XXXX months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  776 FICO score exceeds minimum FICO requirements of 700 by 76 points.

Complete

5

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

The amortization schedule is missing.

amortization schedule provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months reserves exceeds minimum reserve requirement by XXXX months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  776 FICO score exceeds minimum FICO requirements of 700 by 76 points.

Complete

6

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Assets

Satisfied

D

A

D

A

CRDAST2354

Asset Verification In File is Incomplete Per Requirements

No

Provide evidence the funds used to purchase the subject property came from the HELOC with XXXX (XXXX) and no additional financing was used.

(No Data)

Documentation provided to cure.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post closing assets $XXXX/ XXXX months PITI > min required of $XXXX CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX% CFCFS1736: Significant time at current residence - Clayton Comments:  XXXX years at primary residence

Complete

6

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

LTV/CLTV

Satisfied

C

A

C

A

CRDLTV201

LTV > 90%

No

Per guidelines the maximum LTV/ CLTV ratio for the transaction is based upon the lower of the current appraised value of the property's purchase price plus documented improvements. Provide evidence of improvements (if any) to use a higher value than the purchase price of $XXXX.  Using the purchase price of $XXXX, the LTV is 95%.

XXXX has approved using the appraised value

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post closing assets $XXXX/ XXXX months PITI > min required of $XXXX CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX% CFCFS1736: Significant time at current residence - Clayton Comments:  XXXX years at primary residence

Complete

6

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER5785

XXXX Delivery Restrictions -1

No

Loan was underwritten to the XXXX guidelines. Provide a copy of the HUD/ Settlement Statement from the purchase evidencing the purchase price of $XXXX and that no financing or gift funds were used to acquire the property.

(No Data)

Documentation provided to cure.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post closing assets $XXXX/ XXXX months PITI > min required of $XXXX CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX% CFCFS1736: Significant time at current residence - Clayton Comments:  XXXX years at primary residence

Complete

6

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER5787

XXXX Delivery Restrictions -2

No

Property tax certificate shows a homestead exemption which is not allowed. Provide evidence of the full tax amount excluding any discounts or exemptions.

Verification of taxes provided.

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post closing assets $XXXX/ XXXX months PITI > min required of $XXXX CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX% CFCFS1736: Significant time at current residence - Clayton Comments:  XXXX years at primary residence

Complete

6

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Title

Satisfied

C

A

C

A

CRDTIL100

Potential title issue

No

Per chain of title Seller acquired XXXX and buyer purchased the property XXXX. Provide evidence the prior sale was arm's length per XXXX Guidelines.

sufficient LOE provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post closing assets $XXXX/ XXXX months PITI > min required of $XXXX CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX% CFCFS1736: Significant time at current residence - Clayton Comments:  XXXX years at primary residence

Complete

7

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC3204

Income Documentation Missing

No

Missing lender's XXXX worksheet to support the income of $XXXX used for DTI.

income worksheet provided.

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 736 is 76 points above the 660 minimum required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 30.18% is 14.82% below the 45% max allowed.

Complete

7

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4631

Loan parameters do not meet guidelines

No

Asset depletion requires all account holders to be on title but in this case borrower intends to proceed without adding XXXX to the loan whilst utilizing the joint account for XXXX Lender approval dated XXXX is on file.

(No Data)

Lender Approval in File

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 736 is 76 points above the 660 minimum required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 30.18% is 14.82% below the 45% max allowed.

Complete

8

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Legal Documents

Satisfied

D

B

D

B

CRDLGL100

Legal document incorrect or incomplete

No

Provide a corrected Note and Mortgage that have matching dates and MIN #s.

Seller provided a corrected mortgage re-recorded and notarized post closing to match the note in file.

Satisfied

(No Data)

Not Applicable

CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXX years and 1 month at current job. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXXmonths greater than the XXXX months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 778 is 98 points above the 680 required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 11.96% is 38.04% below the 50% allowed.

Complete

8

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Satisfied

B

A

B

A

CRDTER2850

ARM terms do not meet guidelines

No

repushed

(No Data)

Invalid this is Fixed Mortgage

(No Data)

Not Applicable

CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXX years and 1 month at current job. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXXmonths greater than the XXXX months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 778 is 98 points above the 680 required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 11.96% is 38.04% below the 50% allowed.

Complete

9

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

Property Valuations

Appraisal

Waived

B

B

B

B

PRVAAPPR4789

Appraisal Deficiency

No

Appraisal review is on the XXXX exclusionary list. Lender approval is on file.

(No Data)

Lender approval is on file.

(No Data)

Not Applicable

CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXX years and 1 month at current job. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXXmonths greater than the XXXX months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 778 is 98 points above the 680 required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 11.96% is 38.04% below the 50% allowed.

Complete

10

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

LTV/CLTV

Waived

B

B

B

B

CRDLTV3026

LTV Exceeds Guideline Requirement by at least 5%, but less than 10%

No

An exception approval is in the file to allow the loan at 85% LTV, which is 5% greater than the maximum 80% LTV allowed in a declining market.

(No Data)

The loan contains an exception approval

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI of 16.31% is below the max DTI of 45% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrower has XXXX months in reserves

Complete

10

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER3122

Loan documents do not meet guideline requirements

No

The loan contains an exception approval for having XXXX overdrafts within the  past XXXX months.

(No Data)

The loan contains an exception approval

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI of 16.31% is below the max DTI of 45% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrower has XXXX months in reserves

Complete

11

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

N/A

N/A

D

B

D

B

A

A

N/A

N/A

Credit

Insurance

Satisfied

D

A

D

A

CRDINSR5081

Insurance Policy missing required endorsements

No

The Master Insurance Policy has the incorrect Unit # for the subject property listed. It lists "Unit XXXX" and should be for "Unit XXXX".

revised master policy provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 7.78% exceeds maximum guideline of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA exceed the 6 month reserve requirement. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 790 exceeds the guideline of 660.

Complete

11

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

N/A

N/A

D

B

D

B

A

A

N/A

N/A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

Missing the Warranty Deed.

(No Data)

Document provided to cure.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 7.78% exceeds maximum guideline of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA exceed the 6 month reserve requirement. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 790 exceeds the guideline of 660.

Complete

11

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

N/A

N/A

D

B

D

B

A

A

N/A

N/A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER5785

XXXX Delivery Restrictions -1

No

Exception requested for the borrower being a First Time Homebuyer and is purchasing an investment property.

(No Data)

Exception was approved for borrower being FTHB and purchasing an investment property. Satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 7.78% exceeds maximum guideline of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA exceed the 6 month reserve requirement. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 790 exceeds the guideline of 660.

Complete

12

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Credit/Mtg History

Satisfied

B

A

B

A

CRDCRMH193

Length of mortgage/rental history in file does not meet guideline requirement

No

Missing XXXX months VOR for XXXX, evidencing $XXXX monthly

VOR provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS3834: Borrower does not have any major mortgage related occurrences during the past XXXX years - Clayton Comments:  Borrower does not have any major mortgage related occurrences during the past two years. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 9.85% is 55.15% below the 65% LTV allowed.

Complete

12

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

The PPP Addendum to the Note is missing from the loan file.

(No Data)

Document provided to cure.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS3834: Borrower does not have any major mortgage related occurrences during the past XXXX years - Clayton Comments:  Borrower does not have any major mortgage related occurrences during the past two years. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 9.85% is 55.15% below the 65% LTV allowed.

Complete

13

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2167

Cooperative County UCC Filing is missing

No

County UCC filing is not provided.

County UCC filling was received

Satisfied

(No Data)

Not Applicable

CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX% CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXX for XXXX months. CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in same profession for XXXX years.

Complete

14

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

No

Zero Tolerance Fee of $XXXX due to Credit Report Fee increased from $XXXX on LE XXXX to $XXXX on CD XXXX;   Missing a valid Change of Circumstance, LOX and copy of refund check to borrower.

(No Data)

Lender provided evidence of a $XXXX Cure - Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  The borrower has been living at the subject property for XXXX years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrower has XXXX months reserves

Complete

15

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

Subject property title is held in a XXXX; a copy of the XXXX agreement and evidence of any XXXX payments are missing from the loan file.  Property is ineligible if lease term does not exceed term of loan by XXXX years. Per XXXX Description, lease runs until XXXX

(No Data)

Amended lease agreement provided extending the lease for XXXX years.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrowers' have XXXX months in reserves CFCFS1736: Significant time at current residence - Clayton Comments:  The borrowers' have been living at their primary residence for XXXX years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  783 FICO

Complete

15

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER4631

Loan parameters do not meet guidelines

No

The file is missing the warranty deed.

(No Data)

Assignment of lease provided.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrowers' have XXXX months in reserves CFCFS1736: Significant time at current residence - Clayton Comments:  The borrowers' have been living at their primary residence for XXXX years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  783 FICO

Complete

15

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER3122

Loan documents do not meet guideline requirements

No

The minimum DSCR for a STR is 1.10. Audit calculated DSCR is 1.078 which is below the guideline minimum.

(No Data)

Exception for being below the minimum DSCR requirement approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrowers' have XXXX months in reserves CFCFS1736: Significant time at current residence - Clayton Comments:  The borrowers' have been living at their primary residence for XXXX years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  783 FICO

Complete

15

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4643

Borrower does not meet guideline requirements

No

Per guidelines borrower's purchasing a property as a XXXX must have a minimum of XXXX months operating a SR to qualify which the borrower does not have.

(No Data)

Exception to purchase a XXXX without the required experience approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrowers' have XXXX months in reserves CFCFS1736: Significant time at current residence - Clayton Comments:  The borrowers' have been living at their primary residence for XXXX years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  783 FICO

Complete

15

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER5785

XXXX Delivery Restrictions -1

No

Per guidelines AirDNA must be used for all XXXX purchases. Lender used the 1007 Rent Schedule to qualify.

(No Data)

Exception to use Rent Schedule vs AirDNA approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrowers' have XXXX months in reserves CFCFS1736: Significant time at current residence - Clayton Comments:  The borrowers' have been living at their primary residence for XXXX years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  783 FICO

Complete

16

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

B

C

B

A

A

A

A

C

B

C

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4631

Loan parameters do not meet guidelines

No

XXXX or more loans in the same condo complex, sub-division, PUD. Lender approval is on file.

Lender approval is on file.

Waived

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA are $XXXX months greater than the XXXX months required reserves. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 34.78% is 35.22% below the 70% max allowed. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 786 is 86 points above the 700 minimum allowed.

Complete

16

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

B

C

B

A

A

A

A

C

B

C

B

A

A

A

A

Credit

Title

Waived

C

B

C

B

CRDTIL100

Potential title issue

No

The subject lien paid off at closing with XXXX and XXXXk of XXXX is dated XXXX. It appears to be an error. Title correction of the lien was not in the loan file. The subject is a cash refinance and XXXX months seasoning is required.

XXXX accepts the insufficient seasoning with compensating factors.

Waived

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA are $XXXX months greater than the XXXX months required reserves. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 34.78% is 35.22% below the 70% max allowed. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 786 is 86 points above the 700 minimum allowed.

Complete

17

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrower has XXXX months in reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  784 FICO score exceeds the minimum FICO score by more than 20 points

Complete

18

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

C

B

D

B

D

B

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3640

TRID - CD: Zero tolerance fee or fees increased at or prior to closing without a valid reason or the revised LE/CD was not timely disclosed; insufficient credit or refund provided

No

Zero Tolerance Fee of $XXXX due to Title - ERecording added in Sec B $XXXX on CD XXXX. Missing a valid Change of Circumstance, or Post Close CD, LOX and copy of refund check to borrower.

(No Data)

Lender provided XXXX PCCD - exception satisfied.

Numeric

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months exceed guideline requirement of XXXX months with XXXX CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 761 exceeds guideline of 660. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 37.34% is below the guideline of 50%.

Complete

18

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

C

B

D

B

D

B

A

A

C

B

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

Missing the trust agreement for XXXX(have the trust agreement for "XXXX"). The asset accounts used for XXXX are all held in this trust (accounts: #'s XXXX, XXXX, XXXX, and XXXX). For irrevocable trusts, the borrower must be the beneficiary and have immediate access to the assets in the trust accounts.

(No Data)

Trust agreement provided to support use of the assets.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months exceed guideline requirement of XXXX months with XXXX CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 761 exceeds guideline of 660. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 37.34% is below the guideline of 50%.

Complete

18

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

C

B

D

B

D

B

A

A

C

B

Credit

Legal Documents

Waived

D

B

D

B

CRDLGL2644

Missing proof there were no draws on HELOC in the last 12 months > $2,000

No

Missing the XXXX month draw history for the HELOC with XXXX Only received an LOE from XXXX stating the draws in the last XXXX months from the HELOC went to the Escrow account they established due to no escrow account on the first mortgage.

(No Data)

An exception was approved for the guideline deviation.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months exceed guideline requirement of XXXX months with XXXX CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 761 exceeds guideline of 660. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 37.34% is below the guideline of 50%.

Complete

18

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

C

B

D

B

D

B

A

A

C

B

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER3684

HELOC draws in last 6 months not permitted per guidelines

No

Exception approval is in the file to allow HELOC draws in last XXXX months on a rate term refinance.

(No Data)

Exception was approved to allow HELOC draws in the last XXXX months on a rate term refi. The draws were used to fund an escrow account that the lender required to be set up.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months exceed guideline requirement of XXXX months with XXXX CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 761 exceeds guideline of 660. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 37.34% is below the guideline of 50%.

Complete

19

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4631

Loan parameters do not meet guidelines

No

Lender approved exception due to no zoning and pricing adjustment referenced on rate lock form

(No Data)

Lender approved exception

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  746 FICO score exceeds minimum FICO requirements by over 20 points CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  100 months reserves exceeds minimum reserve requirement by more than 6 months

Complete

20

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

DTI

Satisfied

D

A

D

A

CRDDTI2540

Missing verification of some or all components of non-subject PITI

No

The Tax Certificate for the borrower's second home XXXX., is missing from the loan file.

tax cert provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has XXXX months of Reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  805 qualifying score is 10+ points > 660 requirement.

Complete

20

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC3204

Income Documentation Missing

No

Per loan file income is calculated off of SSA letter and 1 yr tax return; however, no income docs were provided in the file. Final DTI pending.

Between three XXXX accounts in file (acct#XXXX, #XXXX, #XXXX) borrower has sufficient assets totaling $XXXX to cover the XXXX distribution amount

Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has XXXX months of Reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  805 qualifying score is 10+ points > 660 requirement.

Complete

21

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Credit/Mtg History

Satisfied

D

A

D

A

CRDCRMH149

Missing support docs for VOM/VOR (e.g. cancelled checks)

No

No VOM was provided for the subject property.

VOM provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 37.29% is 12.71% below the 50% allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 745 is 85 points above the 660 required.

Complete

21

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

DTI

Satisfied

D

A

D

A

CRDDTI2540

Missing verification of some or all components of non-subject PITI

No

The property insurance and HOA dues (if any for XXXX and HOA dues (if any) for XXXX were not in the file.  DTI ratio pending.

LOE and HOI policy provided.

Condition satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 37.29% is 12.71% below the 50% allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 745 is 85 points above the 660 required.

Complete

22

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

C

A

A

A

D

B

D

B

C

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER3122

Loan documents do not meet guideline requirements

No

An Exception approval was placed in the loan file for the property square footage being XXXX sq ft., when the minimum guidelines is XXXX sq. ft.

03/24/2026. Client Approved Exception via email. Copy in loan file.

Waived

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  681 qualifying score is 21 points > 660 requirement. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has low credit utilization of XXXX%.

Complete

22

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

C

A

A

A

D

B

D

B

C

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER3262

Property issues indicated

No

An Exception approval was placed in the loan file for the property being a XXXX.

03/24/2026. Client Approved Exception via email. Copy in loan file.

Waived

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  681 qualifying score is 21 points > 660 requirement. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has low credit utilization of XXXX%.

Complete

22

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

C

A

A

A

D

B

D

B

C

A

A

A

Credit

Title

Satisfied

D

A

D

A

CRDTIL796

Missing Title

No

The Tittle Commitment is missing from the loan file.

Lien search provided which is required on XXXX

Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  681 qualifying score is 21 points > 660 requirement. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has low credit utilization of XXXX%.

Complete

22

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

C

A

A

A

D

B

D

B

C

A

A

A

Property Valuations

Appraisal

Satisfied

C

A

C

A

PRVAAPPR233

Comps or Adjustments Not Appropriate

No

The Comps were not exposed to the MLS.

XXXX has agreed to clear

cleared

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  681 qualifying score is 21 points > 660 requirement. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has low credit utilization of XXXX%.

Complete

23

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

N/A

N/A

D

B

D

B

A

A

N/A

N/A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

Missing the Warranty Deed.

Warranty Deed provided

Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 757 exceeds the guideline of 620. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 75% is below the maximum of 80% LTV.

Complete

23

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

N/A

N/A

D

B

D

B

A

A

N/A

N/A

Credit

Terms/Guidelines

Waived

C

B

C

B

CRDTER881

Minimum square footage does not meet guidelines

No

Exception requested for subject not meeting the minimum square footage requirement of XXXX sq ft and not having a permanent heating source. XXXX approval required.

Exception was approved by the lender for subject having < XXXX sq ft (XXXX sq ft) and not having a permanent heating source (common in XXXX).

waived

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 757 exceeds the guideline of 620. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 75% is below the maximum of 80% LTV.

Complete

24

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Insurance

Satisfied

D

A

D

A

CRDINSR3278

Hazard Insurance documentation in file is incomplete

No

Hazard Policy is incomplete as it does not show premium amount

(No Data)

EOI provided.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX verified cash reserves exceed minimum required CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  768 credit score exceed minimum required per guidelines

Complete

24

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER5785

XXXX Delivery Restrictions -1

No

Exception granted for the use of XXXX1 year history. Borrower was previously W2 in the same line of work.

(No Data)

Exception approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX verified cash reserves exceed minimum required CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  768 credit score exceed minimum required per guidelines

Complete

24

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER5787

XXXX Delivery Restrictions -2

No

Exception granted for FTHB on investment but not using rental income which is not allowed per XXXX guidelines

(No Data)

Exception approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX verified cash reserves exceed minimum required CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  768 credit score exceed minimum required per guidelines

Complete

25

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

N/A

N/A

D

A

D

A

A

A

N/A

N/A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

Missing amortization schedule

Amortization schedule provided to cure.

Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 811 is 171 points above the 640 minimum required. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has 1% revolving credit utilization. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA are XXXX months greater than the XXXX months required reserves.

Complete

26

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Insurance

Satisfied

C

A

C

A

CRDINSR289

Insufficient Hazard Insurance Coverage

No

Coverage does not explicitly state "Guaranteed replacement coverage" and additional coverage of XXXX% was added to Dwelling Coverage. By XXXX law, RCE will/can not be added to HOI. However, email provided from insurance company stating "...XXXX% of the property's insurable value is deemed sufficient to replace the property should be a total loss occur."

email provided from insurance company stating ...XXXX% of the property's insurable value is deemed sufficient to replace the property should be a total loss occur.

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 780 is 80 points above the 700 required. CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in same profession for XXXX years. CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXX for XXXX months.

Complete

27

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

B

C

B

A

A

A

A

C

B

C

B

A

A

A

A

Credit

Terms/Guidelines

Waived

C

B

C

B

CRDTER5785

XXXX Delivery Restrictions -1

No

Missing exception for the Prepayment Penalty structure of "prepayment charge shall be equal to XXXX% of the amount prepaid". The XXXX year term is acceptable. The XXXX% penalty does not meet the standard structure of XXXX%, declining XXXX% or XXXX months interest.

(No Data)

An exception was approved for the guideline deviation.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 45.08% is below the guideline of 70%. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX+ months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 764 exceeds the guideline of 700. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrowers have owned current residence for XXXX years XXXX months.

Complete

28

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

C

A

A

A

D

B

D

B

C

A

A

A

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC3204

Income Documentation Missing

No

Proof of current receipt of rent for XXXX months from the ADU was not in the file.

verification of rent provided.

Condition satisfied.

(No Data)

Not Applicable

CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX% CFCFS1739: Positive mortgage payment history - Clayton Comments:  Borrowers have XXXX months mortgage payment history XXXX. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years and XXXX months at current residence

Complete

28

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

C

A

A

A

D

B

D

B

C

A

A

A

Credit

Legal Documents

Waived

D

B

D

B

CRDLGL100

Legal document incorrect or incomplete

No

The Prepayment penalty is XXXX% of the amount prepaid for XXXX years, which appears to not be acceptable per the XXXX matrix the flat rate structure of XXXX% is allowed with terms of XXXX years.

(No Data)

An exception was approved for the guideline deviation.

(No Data)

Not Applicable

CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX% CFCFS1739: Positive mortgage payment history - Clayton Comments:  Borrowers have XXXX months mortgage payment history XXXX. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years and XXXX months at current residence

Complete

28

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

C

A

A

A

D

B

D

B

C

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4631

Loan parameters do not meet guidelines

No

GUIDELINES: XXXX-unit properties with an accessory unit are not permittedLOAN: subject property is XXXX units with an XXXX file includes an approval for the XXXX unit property with an XXXX

(No Data)

The file includes an approval.

(No Data)

Not Applicable

CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX% CFCFS1739: Positive mortgage payment history - Clayton Comments:  Borrowers have XXXX months mortgage payment history XXXX. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years and XXXX months at current residence

Complete

28

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

C

A

A

A

D

B

D

B

C

A

A

A

Property Valuations

Appraisal

Satisfied

C

A

C

A

PRVAAPPR4789

Appraisal Deficiency

No

The subject is a XXXX unit with an ADU.  The comps used do not have an ADU.  XXXX comps have XXXX units and XXXX comps have XXXX units.

XXXX has approved the comps on appraisal.

Condition satisfied.

(No Data)

Not Applicable

CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX% CFCFS1739: Positive mortgage payment history - Clayton Comments:  Borrowers have XXXX months mortgage payment history XXXX. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years and XXXX months at current residence

Complete

29

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL1819

Estimated HUD-1 in File, Missing Final HUD-1

No

The final settlement statement was not in the file.  The one dated XXXX in file does not include the payoff of the existing mortgage.

Updated settlement statement provided

Satisfied

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  XXXX yrs XXXX mos CFCFS1739: Positive mortgage payment history - Clayton Comments:  XXXX months

Complete

30

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

N/A

N/A

D

B

D

B

A

A

N/A

N/A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

Missing the Personal Loan Guaranty in the file.

signed Guaranty provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 733 is 33 points above the 700 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

30

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

N/A

N/A

D

B

D

B

A

A

N/A

N/A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL988

Loan File is Missing or Contains Insufficient Documentation for Basic Review

No

The loan file does not contain the business purpose cert.

signed Business Purpose Affidavit provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 733 is 33 points above the 700 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

30

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

N/A

N/A

D

B

D

B

A

A

N/A

N/A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER5787

XXXX Delivery Restrictions -2

No

The loan file does not contain the amortization schedule.

amortization schedule provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 733 is 33 points above the 700 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

30

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

N/A

N/A

D

B

D

B

A

A

N/A

N/A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER5785

XXXX Delivery Restrictions -1

No

Ineligible PPP term for state of XXXX. Lender approved.

Lender approved.

Waived

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 733 is 33 points above the 700 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

31

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

N/A

N/A

D

A

D

A

A

A

N/A

N/A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL988

Loan File is Missing or Contains Insufficient Documentation for Basic Review

No

The Amortization Schedule is missing from the loan file.

Amortization schedule provided

Satisfied

(No Data)

Not Applicable

CFCFS1739: Positive mortgage payment history - Clayton Comments:  Borrower has positive mortgage payment history reported on credit report XXXX CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  740 qualifying score is 100 points > 640 requirement.

Complete

32

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in same profession for XXXX years. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrowers has XXXX years at current residence. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX%

Complete

33

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

A

A

A

A

D

B

D

B

A

A

A

A

D

B

Compliance

Finance Charge Tolerance

Satisfied

C

B

C

B

CMPFINT106

Finance charge understated by more than $100 (Pmt Stream)

No

Missing Initial CD dated XXXX

(No Data)

Lender provided Initial XXXX CD - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the 6 months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 744 is 44 points above the 700 required.

Complete

33

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

A

A

A

A

D

B

D

B

A

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3618

TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing

No

Missing Initial CD dated XXXX

(No Data)

Lender provided Initial XXXX CD - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the 6 months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 744 is 44 points above the 700 required.

Complete

33

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

A

A

A

A

D

B

D

B

A

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Missing Initial CD dated XXXX

(No Data)

Lender provided Initial XXXX CD - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the 6 months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 744 is 44 points above the 700 required.

Complete

33

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

A

A

A

A

D

B

D

B

A

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID4579

TRID - CD: Missing Initial CD

No

Missing Initial CD dated XXXX

(No Data)

Lender provided Initial XXXX CD - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the 6 months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 744 is 44 points above the 700 required.

Complete

34

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

N/A

N/A

D

B

D

B

A

A

N/A

N/A

Credit

Assets

Satisfied

D

A

D

A

CRDAST2354

Asset Verification In File is Incomplete Per Requirements

No

The business assets used for reserves from Community account ending in XXXX for XXXX is missing ownership percentage. XXXXs is not listed as the same business as XXXX

Document verifying the borrower is the sole principal on record for the business was provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  790 qualifying score is 150 points > 640 requirement. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has low credit utilization of XXXX%.

Complete

34

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

N/A

N/A

D

B

D

B

A

A

N/A

N/A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL988

Loan File is Missing or Contains Insufficient Documentation for Basic Review

No

The Warranty Deed in the loan file is not signed.

Warranty Deed provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  790 qualifying score is 150 points > 640 requirement. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has low credit utilization of XXXX%.

Complete

34

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

N/A

N/A

D

B

D

B

A

A

N/A

N/A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER3122

Loan documents do not meet guideline requirements

No

An Exception Approval was placed in the loan file to allow XXXX year prepayment in XXXX.

(No Data)

Exception for PPP in XXXX approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  790 qualifying score is 150 points > 640 requirement. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has low credit utilization of XXXX%.

Complete

35

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 80% is 10% below the 90% LTV allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 727 is 27 points above the 700 required.

Complete

36

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Verified cash reserves exceeds guidelines by more than 6 months PITIAS CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has owned primary residence for XXXX years

Complete

37

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL100

Legal document incorrect or incomplete

No

Title commitment shows proposed insured amount as $XXXX, but the loan amount is $XXXX

Updated title provided with updated proposed insurance

Satisfied

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXX for XXXX months. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX%

Complete

38

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

C

B

A

A

A

A

C

B

C

B

A

A

A

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER3262

Property issues indicated

No

Mortgage is showing property type as PUD but appraisal does not indicate the property is a PUD. Provide an explanation or documents to support the true property type.

revised appraisal showing PUD provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 40.89% is 14.11% below the 55% max allowed. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 55.22% is 24.78% below the 80% max allowed.

Complete

38

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

C

B

A

A

A

A

C

B

C

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4631

Loan parameters do not meet guidelines

No

Gifts funds being used in the same transaction as asset utilization income. Lender approval is in file.

Lender approval is in file.

Waived

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 40.89% is 14.11% below the 55% max allowed. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 55.22% is 24.78% below the 80% max allowed.

Complete

39

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrower has XXXX months in reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  726 Fico score exceeds the minimum Fico score by more than 20 points

Complete

40

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

C

B

A

A

A

A

C

B

C

B

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees listed on Seller CD, but not Borrower Final CD. As the fees are at least reflected, there is no material issue. This Exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception Satisfied. Final Grade A.

(No Data)

This Exception is informational per Clayton Compliance department and TRID 2.0 revisions.  Exception Satisfied. Final Grade A.

Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITII exceed the 3 months reserve requirement. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 718 exceeds guideline of 660.

Complete

40

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

C

B

A

A

A

A

C

B

C

B

A

A

A

A

Credit

LTV/CLTV

Waived

C

B

C

B

CRDLTV5736

LTV Exceeds Guideline Requirement by less than 5%

No

Missing exception request for LTV > 75%. Max LTV is 75% of the purchase price of $XXXX which is a loan amount of $XXXX. The loan amount is $XXXX which is 75.0001% LTV.

XXXX issued an exception allowing the exception

Waived

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITII exceed the 3 months reserve requirement. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 718 exceeds guideline of 660.

Complete

41

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Borrowers have 74 months mortgage payment history XXXX. CFCFS2860: Good credit history - Clayton Comments:  Borrower has 0x30 for 99 months. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX%

Complete

42

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

A

C

A

A

A

N/A

N/A

C

A

C

A

A

A

N/A

N/A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER3122

Loan documents do not meet guideline requirements

No

The note and guaranty is signed by 2 guarantors (XXXX and XXXX). XXXX requires all of its entity borrowers to submit their application with a guarantor. The loan application and credit report was pulled by only one guaranty (XXXX).

corrected documents provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  $XXXX reserves in file; XXXXmonths PITIA. Required reserves are $XXXX x XXXX = $XXXX CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying credit score 801 > GL 700

Complete

43

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Income/Employment

Satisfied

C

A

C

A

CRDINC150

Income docs do not meet guidelines

No

As per guidelines, age of documentation for income and assets cannot be older than 60 days from the Note date.Business bank statements provided is XXXX days from the Note date (period of XXXX and NOTE date is XXXX).

updated business bank statements provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of XXXX% is XXXX% below the XXXX% allowed. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ .XXXX% CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in same profession for over 15 years.

Complete

44

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER5785

XXXX Delivery Restrictions -1

No

Preapproval was requested for the borrowers retaining their departure residence without owning any other investment property.

(No Data)

Preapproval/Exception was approved for the borrowers retaining their departure residence without owning any other investment property. The full PITI payment is included in the DTI.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX months. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 29.14% is below the guideline requirement of 50%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 753 exceeds the guideline of 660

Complete

45

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

DTI

Satisfied

D

A

D

A

CRDDTI2540

Missing verification of some or all components of non-subject PITI

No

There is no indication in the loan file if there is HOA on the borrower's primary residence XXXX.

XXXX report provided showing no HOA

Condition satisfied.

(No Data)

Not Applicable

CFCFS1739: Positive mortgage payment history - Clayton Comments:  Borrowers have positive mortgage payment history reported on credit report XXXX CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrowers have XXXX months of Reserves.

Complete

45

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Title

Satisfied

C

A

C

A

CRDTIL100

Potential title issue

No

The title policy amount of $XXXX is less than the loan amount of $XXXX.

updated Title provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1739: Positive mortgage payment history - Clayton Comments:  Borrowers have positive mortgage payment history reported on credit report XXXX. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrowers have XXXX months of Reserves.

Complete

46

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Credit/Mtg History

Waived

B

B

B

B

CRDCRMH149

Missing support docs for VOM/VOR (e.g. cancelled checks)

No

According to guidelines, housing history required for Primary and subject property refi, for a private VOM and XXXX months of bank statements, cancelled checks, or bank debits are required. In this case, a credit supplement in lieu of the mortgage statements/ cancelled checks was provided.

(No Data)

Exception granted dated 04/17/2026 is in file.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is 60.46 months greater than the XXXX months reserves required.

Complete

47

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER3262

Property issues indicated

No

Per guidelines loan amounts > $XXXX and LTV > 65% 2 full appraisals are required. A second full appraisal is missing from the loan file.

2nd appraisal provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments:  XXXX months 812 qualifying credit score CFCFS1736: Significant time at current residence - Clayton Comments:  XXXX yrs XXXX months

Complete

48

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

N/A

N/A

D

A

D

A

A

A

N/A

N/A

Credit

DTI

Satisfied

D

A

D

A

CRDDTI2540

Missing verification of some or all components of non-subject PITI

No

Missing verification of the property taxes for XXXX

tax cert provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 764 exceeds guideline of 680. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 29.95% is below the guideline requirement of 50%. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX months.

Complete

49

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Insurance

Satisfied

D

A

D

A

CRDINSR848

Missing Hazard Insurance

No

Missing the Hazard Insurance in the file.

(No Data)

Document provided to cure.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 779 is 139 points above the 640 required. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years XXXX months at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

50

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

Missing tax cert for the subject property .

tax cert provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrower has XXXX months in reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  752 Fico score exceeds the minimum Fico score by more than 20 points

Complete

51

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER3122

Loan documents do not meet guideline requirements

No

An Exception Approval was placed in the loan file to allow no housing history using 1099 Income under XXXX.

(No Data)

04/21/2026. Client Approved Exception via email. Copy in loan file.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  41.13% LTV is low. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has low credit utilization of XXXX%.

Complete

52

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

N/A

N/A

D

A

D

A

A

A

N/A

N/A

Credit

Insurance

Satisfied

C

A

C

A

CRDINSR5351

Insurance Effective date is greater than the transaction date

No

The Hazard Insurance Effective date XXXXis greater than the transaction date XXXX, the previous insurance is not in the loan file to verify all coverage dates.

updated HOI provided

Condition satisfied.

Not Applicable

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  54.29% LTV is low. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  725 qualifying score is 25 points > 700 requirement.

Complete

52

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

N/A

N/A

D

A

D

A

A

A

N/A

N/A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL988

Loan File is Missing or Contains Insufficient Documentation for Basic Review

No

The Warranty Deed is missing from the loan file. The loan was previously vested in the borrowers' names, it has now changed to being vested in an entity.

Warranty Deed provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  54.29% LTV is low. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  725 qualifying score is 25 points > 700 requirement.

Complete

53

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence. CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXX for XXXX months.

Complete

54

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

N/A

N/A

D

A

D

A

A

A

N/A

N/A

Credit

Application

Satisfied

D

A

D

A

CRDAPP3822

Missing or incomplete documentation related to citizenship/residency

No

Borrower did not provide citizenship status on application.

completed 1003 provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  787 qualifying score is 107 points > 680 requirement. CFCFS1739: Positive mortgage payment history - Clayton Comments:  Borrower has positive mortgage payment history reported on credit report XXXX

Complete

55

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Assets

Satisfied

C

A

C

A

CRDAST205

Insufficient Funds to Close

No

Final Hud reflects cash from borrower was $XXXX the loan file contained evidence of wire transfers for $XXXX and $XXXX, however the source of these funds were not provided.

source of funds provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 64.94% is 10.06% below the 75% LTV allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 809 is 189 points above the 620 required.

Complete

55

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Credit/Mtg History

Satisfied

D

A

D

A

CRDCRMH149

Missing support docs for VOM/VOR (e.g. cancelled checks)

No

No open and active mortgages reporting on initial credit will require pre-approval.  Spouse owns the primary residence.

(No Data)

A pre-approval was provided for the housing history.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 64.94% is 10.06% below the 75% LTV allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 809 is 189 points above the 620 required.

Complete

56

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER3122

Loan documents do not meet guideline requirements

No

Missing motivation letter for purchase, due to Borrower being a First Time Investor and the subject property being purchased out of state of Borrower's primary residence.

LOE provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal credit utilization ratio of 14.77%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 741 is 61 points above the 680 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of  XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

57

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1737: LTV below guideline requirements - Clayton Comments:  60% LTV is low. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  786 qualifying score is 166 points > 620 requirement.

Complete

58

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months of reserves

Complete

59

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER3122

Loan documents do not meet guideline requirements

No

Missing motivation letter from borrower for buying first investment property in XXXX when XXXX lives in XXXX.

LOE provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 791 exceeds guideline of 680. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITI exceed the XXXX months reserve requirement. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX months.

Complete

60

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXX for XXXX months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 799 is 99 points above the 700 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

61

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Application

Satisfied

D

A

D

A

CRDAPP3822

Missing or incomplete documentation related to citizenship/residency

No

The Final 1003 reports the borrower as a XXXX, however, only a copy of a passport and ITIN notice were provided to support. Provide additional Visa documentation.

Per 4.6 section of the XXXX guidelines, the ITIN borrower requirement has been met.

Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 707 is 47 points above the 660 required. CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXX years XXXX months at current job.

Complete

62

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Assets

Satisfied

D

A

D

A

CRDAST2354

Asset Verification In File is Incomplete Per Requirements

No

The XXXX CDs #XXXX, #XXXX & #XXXX were used in XXXX.  XXXX months statements are required.  The file only includes one statement for each indicating they will automatically review XXXX and XXXX (2).  However, there was no current statement to show they were automatically reviewed.  The statements were dated XXXX, XXXXand XXXX.  The later XXXX were over XXXX days old at the time of closing.

asset documentation provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in same profession for past XXXX years and XXXX months CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has resided at the same residence for the past XXXX years and XXXX months CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  717 credit score exceeds minimum required

Complete

62

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Income/Employment

Satisfied

C

A

C

A

CRDINC150

Income docs do not meet guidelines

No

Need updated Asset Utilization worksheet reflecting monthly income of $XXXX.  The worksheets for asset utilization in the file shows $XXXX, but the 1008 shows $XXXX.  Audit calculated $XXXX

income worksheet provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in same profession for past XXXX years and XXXX months CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has resided at the same residence for the past XXXX years and XXXX months CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  717 credit score exceeds minimum required

Complete

62

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER5785

XXXX Delivery Restrictions -1

No

Exception requested  for the 45% DTI guideline for asset qualifier as a secondary source of income. Borrower has XXXX rental properties but cannot use any income from them due to not reporting on credit report and having short term leases with rent received in cash/XXXX. Borrower has XXXX months reserves and this is a primary residence purchase with LTV of 75%.

(No Data)

page 7 shows the waiver was approved XXXX

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in same profession for past XXXX years and XXXX months CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has resided at the same residence for the past XXXX years and XXXX months CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  717 credit score exceeds minimum required

Complete

63

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

A

C

A

A

A

N/A

N/A

C

A

C

A

A

A

N/A

N/A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER5785

XXXX Delivery Restrictions -1

No

The amortization schedule was not in the file.

(No Data)

Document provided to cure.

(No Data)

Not Applicable

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past XXXX years - Clayton Comments:  Borrower does not have any major mortgage related occurrences during the past two years. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years XXXX months at current residence. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 60.82% is 14.18% below the 75% LTV allowed.

Complete

64

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA are XXXX months greater than the XXXX months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 752 is 92 points above the 660 minimum allowed. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 38.01% is 11.99% below the 50% max allowed. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization.

Complete

65

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Title

Waived

B

B

B

B

CRDTIL100

Potential title issue

No

Approved exception for liens affecting title. Both liens paid at Closing.

(No Data)

Approved exception

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 699 is 39 points above the 660 required. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 50% is 20% below the 70% LTV allowed. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years XXXX months at current residence.

Complete

66

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

N/A

N/A

D

A

D

A

A

A

N/A

N/A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL100

Legal document incorrect or incomplete

No

The title commitment reflects a second mortgage dated XXXX for $XXXX that was not paid off at closing.

deed of full reconveyance provided verifying lien paid off

satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 63.23% is 12.77% below the 75% LTV allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 763 is 63 points above the 700 required.

Complete

67

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITI exceeds the XXXX months reserves requirement. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 714 exceeds the guideline of 640.

Complete

68

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER3262

Property issues indicated

No

Subject property has no zoning. This is not uncommon in XXXX as land usage is typically governed by deed restrictions. Subject is not rural. It is in a  platted subdivision within the city limits of XXXX and serviced by the XXXX fire and police departments. An exception approval is in the file.

(No Data)

An exception approval is in the file.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence. CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXX for XXXX months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

69

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

Property Valuations

Property

Waived

B

B

B

B

PRVAPROP871

Property Location unacceptable under guidelines

No

Property is in a XXXX, and has septic/well. Aerial photos show region very rural. Although appraiser indicates property XXXX. Requesting review of potential XXXX property for DSCR. Appraisal, credit and 1008/URLA  uploaded. Note that borrower sold other REO and using 1031 exchange to buy XXXX properties. None in same neighborhood. They are not all registered yet, but will be forthcoming. An exception approval is in the file.

(No Data)

An exception approval is in the file.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  XXXX housing history on credit CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Cash reserves of XXXX months PITIA exceeds XXXX months min PITIA

Complete

70

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrower has XXXX months in reserves CFCFS1739: Positive mortgage payment history - Clayton Comments:  XXXX - housing history

Complete

71

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Credit/Mtg History

Satisfied

C

A

C

A

CRDCRMH193

Length of mortgage/rental history in file does not meet guideline requirement

No

Lender to provide explanation as to borrowers current primary residence. The initial 1003 states borrower lives at XXXX for XXXX yr XXXX months (no primary housing expense) but final 1003 states XXXX for XXXX yrs XXXX months.

sufficient LOE provided

satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  756 FICO CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months of reserves

Complete

72

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC3204

Income Documentation Missing

No

Missing evidence of 1 month's receipt of rent for $XXXX to consider the expired lease (expired XXXX) to have renewed automatically.

Ledger provided showing the receipt of the April payment

Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  DSCR of 1.30 exceeds the guideline of 1.0. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 738 exceeds guideline of 640. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITI exceed the XXXX months reserve requirement.

Complete

73

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Cash reserves exceeds guidelines with more than XXXX months PITIAS CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  805 Fico Score exceeds guidelines by 20points

Complete

74

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

C

A

A

A

D

A

D

A

C

A

A

A

Credit

Application

Satisfied

D

A

D

A

CRDAPP3822

Missing or incomplete documentation related to citizenship/residency

No

Final 1003 indicates that borrower is a XXXX and file is missing citizenship/residency documentation.

XXXX provided

Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months of reserves exceed minimum required CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has resided at current residence for the past XXXX years and XXXX months

Complete

74

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

C

A

A

A

D

A

D

A

C

A

A

A

Property Valuations

Property

Satisfied

C

A

C

A

PRVAPROP177

Property Issues Indicated

No

Appraiser to verify correct market rent amount- report states each unit unfurnished is $XXXX but total rents at $XXXX each.

updated appraisal provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months of reserves exceed minimum required CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has resided at current residence for the past XXXX years and XXXX months

Complete

75

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4631

Loan parameters do not meet guidelines

No

Approved lender exception for exceeding XXXX acres and rural characteristics.

(No Data)

Approved lender exception

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI is more than 5 points below maximum DTI requirements CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Brwr has been at current role for XXXX years and in profession for XXXX years per final application

Complete

76

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of 24.43 months PITIA is 18.43 months greater than the 6 months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 753 is 73 points above the 680 required.

Complete

77

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

The CU in file reflects a 2.6 grade. Loan required an additional CDA which is missing from the file.

(No Data)

CDA Provided for cure.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 41.15% is 28.85% below the 70% LTV allowed. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX months at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

78

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  722 credit score exceeds minimum required CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has resided at current residence for the past XXXX years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX verified cash reserves exceed minimum required

Complete

79

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

A

C

A

A

A

N/A

N/A

C

A

C

A

A

A

N/A

N/A

Credit

Insurance

Satisfied

C

A

C

A

CRDINSR5351

Insurance Effective date is greater than the transaction date

No

Final  Hud dated XXXX reflects a disbursement date of XXXX, HOI in file reflects an effective date of XXXX

updated HOI policy provided

Condition satisfied.

Not Applicable

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 802 is 102 points above the 700 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 41.11% is 33.89% below the 75% LTV allowed.

Complete

80

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months of reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  770 FICO

Complete

81

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 40.55% is 9.45% below the 50% max allowed. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 774 is 94 points above the 680 minimum allowed.

Complete

82

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 31.82% is 18.18% below the 50% allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 710 is 50 points above the 660 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

83

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

N/A

N/A

D

B

D

B

A

A

N/A

N/A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL100

Legal document incorrect or incomplete

No

The Prepayment Penalty on the Note Addendum and DOT Rider are incomplete. The term of the PPP is 60 months and only the prepayment penalty for the first three years is provided.

Revised PPP Addendum and Rider provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is 18.68 months greater than the XXXX months reserves required. CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXX for XXXX months.

Complete

83

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

N/A

N/A

D

B

D

B

A

A

N/A

N/A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER5785

XXXX Delivery Restrictions -1

No

An exception approval is in the file to use the tax card.

An exception approval is in the file

Waived

(No Data)

Not Applicable

CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXX for XXXX months.

Complete

84

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  800 qualifying score is 140 points > 660 requirement. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has low credit utilization of XXXX%.

Complete

85

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 61.25% is 8.75% below the 70% max allowed. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving XXXX. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX PITIA are XXXX months greater than the 6 months required.

Complete

86

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 738 is 98 points above the 640 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXXmonths PITIA is XXXXmonths greater than the XXXX months reserves required.

Complete

87

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1739: Positive mortgage payment history - Clayton Comments:  XXXXmonths CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months of reserves CFCFS1737: LTV below guideline requirements - Clayton Comments:  54.64% LTV

Complete

88

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

The proposed title insurance of XXXX is less than the loan amount of XXXX.

updated title provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  744 FICO score exceeds minimum FICO requirements by over 20 points CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months reserves exceeds minimum reserve requirement by more than XXXX months

Complete

88

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4631

Loan parameters do not meet guidelines

No

XXXX accounts do not meet XXXX day seasoning requirement.

(No Data)

Exception for < XXXX seasoning approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  744 FICO score exceeds minimum FICO requirements by over 20 points CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months reserves exceeds minimum reserve requirement by more than 6 months

Complete

89

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

A

B

A

A

A

N/A

N/A

B

A

B

A

A

A

N/A

N/A

Credit

Terms/Guidelines

Satisfied

B

A

B

A

CRDTER2850

ARM terms do not meet guidelines

No

repushed

(No Data)

invalid this is a XXXX Yr Fixed

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  779 Fico score exceeds guidelines by more than 20 points

Complete

90

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1736: Significant time at current residence - Clayton Comments:  Brwr has been at current residence for XXXX years per application CFCFS1739: Positive mortgage payment history - Clayton Comments:  78 months payment history with no lates listed on the credit report for XXXX mortgage

Complete

91

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Insurance

Satisfied

C

A

C

A

CRDINSR5351

Insurance Effective date is greater than the transaction date

No

HOI Effective date XXXX Final CD Disbursement date XXXX

(No Data)

Document provided to cure.

Not Applicable

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Verified cash reserves exceed guidelines by more than XXXX months PITIAS CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  756 fico score exceeds guidelines by 20 points

Complete

92

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  804 qualifying score is 144 points > 660 requirement. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has low credit utilization of XXXX%.

Complete

93

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Credit/Mtg History

Waived

B

B

B

B

CRDCRMH193

Length of mortgage/rental history in file does not meet guideline requirement

No

Borrower is a FTHB living rent free at house provided through church.

(No Data)

Preapproval for FTHB living rent free approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 70% is 10% below the 80% max allowed. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA are XXXX months greater than XXXX months reserves required. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXX years and XXXX months at current job.

Complete

94

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years XXXX months at current residence. CFCFS3834: Borrower does not have any major mortgage related occurrences during the past XXXX years - Clayton Comments:  Borrower does not have any major mortgage related occurrences during the past two years.

Complete

95

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Credit/Mtg History

Waived

B

B

B

B

CRDCRMH193

Length of mortgage/rental history in file does not meet guideline requirement

No

Borrower did not provide the required XXXX months cancelled rent checks. Lender approval is on file.

(No Data)

Lender approval is on file.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 741 is 81 points above the 660 minimum required. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months are XXXX months greater than the XXXX months required reserves. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 34.55% is 15.45% below the 50% max allowed.

Complete

95

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4631

Loan parameters do not meet guidelines

No

Subject has no zoning and is XXXX in nature although per appraiser XXXX comp factors. Lender approval is on file.

(No Data)

Lender approval is on file.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 741 is 81 points above the 660 minimum required. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months are 8.09 months greater than the XXXX months required reserves. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 34.55% is 15.45% below the 50% max allowed.

Complete

96

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

C

A

A

A

D

A

D

A

C

A

A

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

Missing documentation for the net rental income of $XXXX from the subject property to bring the DTI below the allowable 50% DTI. Without documentation the DTI is 56.76%.

(No Data)

Exception has been cleared

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 804 is 104 points above the 700 required.

Complete

96

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

C

A

A

A

D

A

D

A

C

A

A

A

D

A

Credit

DTI

Satisfied

C

A

C

A

CRDDTI187

Debt Ratio > 50%

No

The 1008 reflects a DTI of 49.314% which included net rental income of $XXXX from the subject property. The subject property is a Single family residence with no rental income resulting in a DTI 56.76%. No additional rental income was provided to offset the investment property.

Exception not valid as the guidelines state that departure residence must Document rents received via current lease and initial deposit, or if not available, market rent survey may be used (free online source permitted). File includes a lease and XXXX report to document the rent and PITI was offset by the rental income.

Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 804 is 104 points above the 700 required.

Complete

97

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has XXXX years XXXX months in profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the 6 months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 785 is 65 points above the 720 required.

Complete

98

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

A

A

B

B

N/A

N/A

B

B

A

A

B

B

N/A

N/A

Property Valuations

Property

Waived

B

B

B

B

PRVAPROP177

Property Issues Indicated

No

Approved exception located in loan file for an ineligible property due to the presence of kitchenettes in basement and attic.

(No Data)

Approved exception located in loan file

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 688 is 28 points above the 660 required.

Complete

99

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  779 qualifying score is 99 points > 680 requirement. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrowers have XXXX months of Reserves.

Complete

100

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Assets

Satisfied

C

A

C

A

CRDAST206

Asset Amounts Are Unsupported by Documentation in File

No

Missing documentation to support secured loan proceeds of $XXXX that was used for closing. Documentation must include terms and conditions of secured loan repayment.

HUD verifying proceeds provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal credit utilization ratio of XXXX%. CFCFS3834: Borrower does not have any major mortgage related occurrences during the past XXXX years - Clayton Comments:  Borrower does not have any major mortgage related occurrences during the past two years. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years XXXX months at current residence.

Complete

101

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  747 FICO score exceeds minimum FICO requirements by over 20 points CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months reserves exceeds minimum reserve requirement by more than XXXX months

Complete

102

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Title

Satisfied

C

A

C

A

CRDTIL875

Title Does Not Agree With Mortgage

No

Provide an updated Title Commitment removing the borrowers spouse, XXXX, from the proposed insured as XXXX did not sign the DOT.

updated Title Commitment provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXX for XXXX months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has been in same profession for XXXX years.

Complete

103

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Application

Satisfied

D

A

D

A

CRDAPP3822

Missing or incomplete documentation related to citizenship/residency

No

Missing XXXX for borrower (front and back).

Per lender primary borrower is a XXXX. Updated application provided

Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX verified cash reserves exceeds minimum required CFCFS1736: Significant time at current residence - Clayton Comments:  Borrowers have resided at current residence for the past XXXX years

Complete

103

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Credit/Mtg History

Satisfied

D

A

D

A

CRDCRMH149

Missing support docs for VOM/VOR (e.g. cancelled checks)

No

Missing VOM for primary residence located at XXXX

Verification primary free & clear and current taxes paid provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX verified cash reserves exceeds minimum required CFCFS1736: Significant time at current residence - Clayton Comments:  Borrowers have resided at current residence for the past XXXX years

Complete

104

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC3204

Income Documentation Missing

No

Missing XXXX bank statements for XXXX account ending XXXX supporting deposits totaling $XXXX

bank statement provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX verified cash reserves exceed minimum required CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  767 credit score exceeds minimum required

Complete

104

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER5785

XXXX Delivery Restrictions -1

No

Exception requested for less than XXXX months primary residence payment history only XXXX months provided, borrower was living rent free prior to that.

(No Data)

Exception approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX verified cash reserves exceed minimum required CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  767 credit score exceeds minimum required

Complete

105

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Insurance

Satisfied

C

A

C

A

CRDINSR5351

Insurance Effective date is greater than the transaction date

No

The final CD reflects a disbursement date of XXXX, the HOI in file reflects and effective date of XXXX

Previous HOI dec page provided

Satisfied

Not Applicable

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 800 is 140 points above the 660 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXXmonths PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 43.86% is 36.14% below the 80% LTV allowed.

Complete

106

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Application

Satisfied

D

A

D

A

CRDAPP3822

Missing or incomplete documentation related to citizenship/residency

No

Borrowers indicate on the application that they are permanent residents but file has no documents to support such status. The documents in file are supporting non-permanent residents authorized to work. Please provide the documents to support the permanent resident status.

ID docs provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence. CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXX years and XXXX months at current job. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 719 is 39 points above the 680 minimum allowed.

Complete

107

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 776 is 116 points above the 660 minimum required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX are XXXX greater than the 6 months required reserves. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization.

Complete

108

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXX years XXXX months at current job. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 772 is 92 points above the 680 required.

Complete

109

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  XXXX credit score exceeds guidelines of 660 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Verified cash reserves exceeds guidelines more than XXXX months of PITIAS

Complete

110

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Application

Satisfied

D

A

D

A

CRDAPP4625

The orig file does not contain a third party fraud report

No

An automated fraud data tool check is missing from the loan file.

fraud report provided

Condition satisfied.

Not Applicable

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  64.57% LTV is low. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  787 qualifying score is 67 points > 720 requirement.

Complete

110

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER3122

Loan documents do not meet guideline requirements

No

An Exception Approval for the current seller purchasing property at a foreclosure auction for $XXXX on XXXX Current sales price exceeds XXXX%.Client Approved Exception. Approval on Lock.

(No Data)

Client Approved Exception. Approval on Lock.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  64.57% LTV is low. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  787 qualifying score is 67 points > 720 requirement.

Complete

110

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4643

Borrower does not meet guideline requirements

No

An Exception approval for the borrower not being able to get housing documentation due to being recently divorced and sold marital home co-owned with ex but not on the loan. Client Approved Exception. Approval on Lock.

(No Data)

Client Approved Exception. Approval on Lock.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  64.57% LTV is low. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  787 qualifying score is 67 points > 720 requirement.

Complete

111

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 47.68% is 37.32% below the 85% LTV allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 782 is 42 points above the 740 required. CFCFS3834: Borrower does not have any major mortgage related occurrences during the past XXXX years - Clayton Comments:  Borrower does not have any major mortgage related occurrences during the past XXXX years.

Complete

112

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER5785

XXXX Delivery Restrictions -1

No

Exception approved for total of XXXX loans financed with XXXX and XXXX of those loans are with XXXX.

(No Data)

Exception approved by XXXX for total of XXXX loans financed with XXXX and XXXX of those loans are with XXXX.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 47.68% is below the guideline maximum of 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 796 exceeds the guideline of 620. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITI exceed the guideline requirement of XXXX months.

Complete

113

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

A

A

B

B

N/A

N/A

B

B

A

A

B

B

N/A

N/A

Property Valuations

Property

Waived

B

B

B

B

PRVAPROP177

Property Issues Indicated

No

Subject property is a XXXX which requires preapproval.

(No Data)

Preapproval for row home approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS1739: Positive mortgage payment history - Clayton Comments:  XXXX months CFCFS2860: Good credit history - Clayton Comments:  XXXX months

Complete

114

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrower has XXXX months in reserves. CFCFS1736: Significant time at current residence - Clayton Comments:  The borrowers have resided at the subject property for XXXX years.

Complete

115

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER3122

Loan documents do not meet guideline requirements

No

The file is missing a VOM or XXXX months cancelled checks to confirm primary residence pay history since property is in the spouse's name.

(No Data)

A pre-approval was provided for the housing history.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  719 Fico score exceeds the minimum Fico score of 700 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrower has XXXX months in reserves.

Complete

116

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID5107

TRID - Seller CD not in file; need in order to complete fee entry

No

Missing Seller CD.

(No Data)

Lender provided Sellers CD - Exception satisfied.

Not Applicable

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments:  XXXX yrs XXXX months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  $XXXX reserves in file; XXXX months PITIA. Required reserves are $XXXX.

Complete

116

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Application

Satisfied

D

A

D

A

CRDAPP130

Application is incomplete

No

Appraiser notes subject transaction is non-arms length; additional details weren't located in file to determine if the subject loan meets XXXX criteria for a non-arms length transaction (motivation for purchase letter also provided).

updated appraisal stating arm's length transaction provided.

Condition satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments:  XXXX yrs XXXX months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  $XXXX reserves in file; XXXX months PITIA. Required reserves are $XXXX.

Complete

117

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Insurance

Satisfied

C

A

C

A

CRDINSR5351

Insurance Effective date is greater than the transaction date

No

The homeowners insurance effective date of XXXX is greater than the disbursement date of XXXX.

updated policy provided

Condition satisfied.

Not Applicable

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 816 is 196 points above the 620 required.

Complete

118

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months of reserves CFCFS1737: LTV below guideline requirements - Clayton Comments:  57% LTV CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  770 FICO

Complete

119

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS2860: Good credit history - Clayton Comments:  Borrower has good credit history with XXXX on mortgage accounts.

Complete

120

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4643

Borrower does not meet guideline requirements

No

First Time Homebuyer /First Time InvestorRequesting exception on First timehomebuyer and first-time investor. No mortgage history reporting on creditreport. borrower will be liquidating aportion of XXXX 401K for down payment and closing costs + XXXX gift from XXXX spouse.No appraisal yet, but LTV is 55.50Approved add'l XXXX Satisfied Free-Form

(No Data)

Exception approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments:  XXXX months qualifying credit score 755 CFCFS1737: LTV below guideline requirements - Clayton Comments:  Low LTV 55.51% < FTHB GL 85%

Complete

121

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXXfor XXXX months. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ .XXXX% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

122

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months reserves.  Minimum required is XXXX months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  The borrower has a 711 credit score. Minimum required is 660.

Complete

123

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Assets

Satisfied

C

A

C

A

CRDAST205

Insufficient Funds to Close

No

No asset verification was provided in the loan file for funds to close in the amount of $XXXX

asset documentation provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 787 is 147 points above the 640 required.

Complete

123

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Assets

Satisfied

C

A

C

A

CRDAST3078

Insufficient # of months cash reserves for PITI per guideline requirements

No

No asset verification was provided in the loan file to verify XXXX months of reserves.

asset verification and CPA letter provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 787 is 147 points above the 640 required.

Complete

123

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Insurance

Satisfied

D

A

D

A

CRDINSR848

Missing Hazard Insurance

No

The Homeowner's Insurance H06 policy is missing from the loan file.

H06 policy provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 787 is 147 points above the 640 required.

Complete

123

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

Provide a document in the file that verifies whether the property was warrantable or non-warrantable.

1008 showing warrantable condo provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 787 is 147 points above the 640 required.

Complete

123

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Satisfied

D

A

D

A

CRDTER4435

Missing Condo/Co-op Certificate/Questionnaire

No

A copy of the Master HOA insurance policy is missing from the loan file.

master policy provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 787 is 147 points above the 640 required.

Complete

123

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Title

Satisfied

D

A

D

A

CRDTIL796

Missing Title

No

The Title Commitment is missing from the loan file.

Title provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 787 is 147 points above the 640 required.

Complete

123

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Title

Waived

B

B

B

B

CRDTIL100

Potential title issue

No

According to the guidelines, Non-arm length transactions are ineligible for the DSCR program.

(No Data)

Exception for non-arm's length transaction approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 787 is 147 points above the 640 required.

Complete

124

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

A

A

A

A

CRDTER5785

XXXX Delivery Restrictions -1

No

Exception requested for First Time Homebuyer and A First Time Investor.

(No Data)

Preapproval for FTHB/ FTI approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments:  790 credit score exceeds minimum required CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments:  Borrower has good credit history. Currently XXXX on all opened and active tradelines.

Complete

124

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER3122

Loan documents do not meet guideline requirements

No

A copy of the borrower's CD/ HUD-1 Settlement Statement is missing from the loan file.

final HUD-1 provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments:  790 credit score exceeds minimum required CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments:  Borrower has good credit history. Currently XXXX on all opened and active tradelines.

Complete

125

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  732 qualifying score is 32 points > 700 requirement. CFCFS1737: LTV below guideline requirements - Clayton Comments:  60% LTV is low.

Complete

126

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1736: Significant time at current residence - Clayton Comments:  6 yrs CFCFS1739: Positive mortgage payment history - Clayton Comments:  XXXXmonths

Complete

127

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

N/A

N/A

B

B

B

B

A

A

N/A

N/A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4631

Loan parameters do not meet guidelines

No

According to guidelines (SECTION 20.3.1 XXXX/AGRICULTURAL PROPERTIES - NOT PERMITTED), appraisal is marked XXXX.

(No Data)

Exception for Rural property approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXX for XXXX months. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX%

Complete

128

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower (XXXX) has XXXX years at current residence. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

129

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has resided at current residence for the past XXXX years

Complete

130

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal credit utilization ratio of XXXX%. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years XXXX months at current residence. CFCFS3834: Borrower does not have any major mortgage related occurrences during the past XXXX years - Clayton Comments:  Borrower does not have any major mortgage related occurrences during the past XXXX years.

Complete

131

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 754 is 54 points above the 700 minimum required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA are XXXX months greater than the XXXX months required reserves.

Complete

132

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

A Warranty deed was not provided in the loan file.

Warranty Deed provided

Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 788 is 88 points above the 700 required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 3.04% is 46.96% below the 50% allowed. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

133

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

DTI

Satisfied

C

A

C

A

CRDDTI187

Debt Ratio > 50%

No

Missing a DTI exception for the DTI > 50%. DTI is 50.22% (vs lender's 49.27%) due to a higher negative cash flow for the subject of $XXXX vs lender's $XXXX.

XXXX auto payment paid by business and excluded from DTI

Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITI exceed the XXXX months reserves requirement. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 710 exceeds the guideline of 660.

Complete

134

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3618

TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing

No

Please provide a missing copy of Initial CD

(No Data)

Lender provided XXXX Initial CD - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has owned business for XXXX years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 796 exceeds the guideline of 660. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX+ months.

Complete

134

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Please provide a missing copy of Initial CD

(No Data)

Lender provided XXXX Initial CD - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has owned business for XXXX years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 796 exceeds the guideline of 660. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX+ months.

Complete

134

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID4579

TRID - CD: Missing Initial CD

No

Please provide a missing copy of Initial CD

(No Data)

Lender provided XXXX Initial CD - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has owned business for XXXX years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 796 exceeds the guideline of 660. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX+ months.

Complete

134

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Insurance

Satisfied

D

A

D

A

CRDINSR848

Missing Hazard Insurance

No

Missing the hazard insurance policy.

HOI provided.

Condition satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has owned business for XXXX years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 796 exceeds the guideline of 660. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX+ months.

Complete

135

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Please provide evidence that borrower acknowledged receipt of LE dated on XXXX

(No Data)

Lender provided evidence final LE sent XXXX - Exception satisfied.

(No Data)

Not Applicable

CFCFS1749: Additional documented income not used in qualifying - Clayton Comments:  XXXX W-2 income not used to qualify

Complete

136

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2860: Good credit history - Clayton Comments:  Borrower has 0x30 for 99 months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the 6 months reserves required.

Complete

137

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Application

Satisfied

D

A

D

A

CRDAPP4625

The orig file does not contain a third party fraud report

No

An automated fraud and data tool check is missing from the loan file.

fraud report provided

Condition satisfied.

Not Applicable

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 820 is 120 points above the 700 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

137

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

LTV/CLTV

Waived

C

B

C

B

CRDLTV3028

LTV Exceeds Guideline Requirement by 10% or more

No

According to the XXXX matrix, the maximum LTV allowed for XXXX loans is 80%. In this case, the LTV is 90%, which exceeds the guidelines.

XXXX review loan and is waiving the LTV exception

Waived

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 820 is 120 points above the 700 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

138

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 745 is 45 points above the 700 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

139

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

LTV/CLTV

Waived

C

B

C

B

CRDLTV3028

LTV Exceeds Guideline Requirement by 10% or more

No

According to the XXXX matrix, the maximum LTV for a rural property is 75%.  Loan closed at 85% LTV.

XXXX making an exception as this was UW to XXXX matrix

Waived.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 33.46% is 16.54% below the 50% allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 786 is 86 points above the 700 required.

Complete

139

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER5787

XXXX Delivery Restrictions -2

No

The loan file does not contain bridge loan documents showing assets of $XXXX that were used to qualify.

note and CD from bridge loan provided.

Condition satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 33.46% is 16.54% below the 50% allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 786 is 86 points above the 700 required.

Complete

139

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Waived

C

B

C

B

CRDTER5785

XXXX Delivery Restrictions -1

No

The lender excluded departure mortgage obligations for DTI. The loan file does not contain a CD or sales contract as required.

Per XXXX guidelines, a copy of an executed sales contract for the property pending sale and confirmation all contingencies have been cleared/satisfied is required. The departure transaction must be closing within 30 days of the subject transaction. The Purchase Agreement provided by the seller does not indicate a closing date; however, XXXX shows the loan closed on XXXX The subject property closed on XXXX. XXXX waiving the requirement as the property was sold.

Waived.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 33.46% is 16.54% below the 50% allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 786 is 86 points above the 700 required.

Complete

139

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Title

Satisfied

D

A

D

A

CRDTIL4871

Missing Title Certification

No

The loan file does not contain the warranty deed.

Deed provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 33.46% is 16.54% below the 50% allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 786 is 86 points above the 700 required.

Complete

140

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Income/Employment

Satisfied

C

A

C

A

CRDINC150

Income docs do not meet guidelines

No

According to the guidelines, Bank statements should show a stable or increasing trend of deposits. If the trend is decliningand/or irregular, additional documentation should be provided to support the stability of the income.  XXXX Months Bank Statements: decline in deposits XXXX months over six months up to XXXX% allowed. An additional XXXX months of statements are required if the decline is >XXXX%. In this case, the decline was greater than XXXX%.

XXXX has approved LOE provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 717 is 37 points above the 680 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is 25.93 months greater than the 6 months reserves required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 10.75% is 39.25% below the 50% allowed.

Complete

140

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC3204

Income Documentation Missing

No

The loan was approved as a Business Bank Statement program, however, the November bank statement for the accounts used was not provided in the loan file..

November bank statement provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 717 is 37 points above the 680 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is 25.93 months greater than the 6 months reserves required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 10.75% is 39.25% below the 50% allowed.

Complete

141

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

Right of Rescission

Satisfied

C

B

C

B

CMPROR1911

Incorrect ROR Form Used - H9 Form Used in Refinance With Different Creditor

No

H9 Form in file is Used in Refinance With Original Creditor. This refinance is with a different creditor and requires H8 ROR Form.  Please provide H8 ROR form.

(No Data)

As far as the rule is concerned, 1026.23(b)(2) allows for the use of a form substantially similar to those in the appendix.  As such, H8 and H9 are considered substantially similar and do not create any confusion on the rights to the consumer.  Providing an H8 in place of an H9, or vice versa should not create a situation where a new form is required post-closing and a new rescission period be opened.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  $XXXXreserves in file; XXXX months PITIA. Required reserves are $XXXX x XXXX = $XXXX. CFCFS1736: Significant time at current residence - Clayton Comments:  XXXX

Complete

142

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4631

Loan parameters do not meet guidelines

No

An exception approval is in the file to lock this loan as a XXXX Project Waiver.

An exception approval is in the file

Waived

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months reserves exceeds minimum reserve requirement by more than XXXX months CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  801 FICO score exceeds minimum FICO requirements by over 20 points

Complete

142

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Waived

D

B

D

B

CRDTER4435

Missing Condo/Co-op Certificate/Questionnaire

No

Provide evidence the condo is warrantable.  Unable to verify condo is warrantable via 1008, rate lock, snapshot, etc.  If condo is non-warrantable, the commercial usage of XXXX% exceeds allowable amount of XXXX%.

XXXX approved the loan using the new guidelines which allow no project reviews on XXXX unit condo projects.

Waived

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  77 months reserves exceeds minimum reserve requirement by more than 6 months CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  801 FICO score exceeds minimum FICO requirements by over 20 points

Complete

143

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER4631

Loan parameters do not meet guidelines

No

A minimum XXXX year prepay penalty is required for XXXX; however, the loan closed with no prepayment penalty.

Prepayment Addendum to Note and the Prepayment Rider provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal credit utilization ratio of XXXX%. CFCFS3834: Borrower does not have any major mortgage related occurrences during the past XXXX years - Clayton Comments:  Borrower does not have any major mortgage related occurrences during the past XXXX years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 743 is 43 points above the 700 required.

Complete

144

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 812 is 112 points above the 700 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXXmonths PITIA is XXXX months greater than the XXXX months reserves required.

Complete

145

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 775 is 55 points above the 720 required. CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXX months.

Complete

146

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Assets

Satisfied

C

A

C

A

CRDAST3078

Insufficient # of months cash reserves for PITI per guideline requirements

No

According to guidelines, XXXX months reserves are required: Assets: $XXXX reserves in file; XXXX months PITIA. Required reserves are $XXXX borrower is short for reserves.

additional assets provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXXmonths CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 23.44% is 26.56% below the 50% allowed. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines XXXX

Complete

146

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Credit/Mtg History

Satisfied

B

A

B

A

CRDCRMH193

Length of mortgage/rental history in file does not meet guideline requirement

No

Borrower has no housing history and was living rent free with parents.

rent-free letter provided per XXXX guides

Condition satisfied.

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXXmonths CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 23.44% is 26.56% below the 50% allowed. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines XXXX

Complete

147

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Credit

Legal Documents

Satisfied

A

A

A

A

CRDLGL2996

Missing Trust Documents

No

Missing the XXXX Living Trust XXXX

(No Data)

Trust Cert provided for cure.

(No Data)

(No Data)

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrower has reserves of XXXX months after closing. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  The borrowers credit score is 782 and greater then the guide minimum of 660.

Complete

148

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

Loan closed in the name of a corporation, XXXX.  However the business documents including the Operating Agreement/ Bylaws, Certificate of Formation/Articles of Organization, Certificate of Good Standing or equivalent document, and verification of the entity EIN Tax ID # are missing from the loan file.

EIN provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months reserves exceeds minimum reserve requirement by more than 6 months CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  748 FICO score exceeds minimum FICO requirements by over 20 points

Complete

149

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXX years XXXX months at current job. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years XXXX months at current residence.

Complete

150

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

N/A

N/A

D

B

D

B

A

A

N/A

N/A

Credit

Insurance

Satisfied

D

A

D

A

CRDINSR2400

Missing Flood Certification Document

No

Loan file is missing the flood certification

flood cert provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  768 FICO exceeds guidelines by 20+ points CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV less than 70% and at least 5% less guideline maximum

Complete

150

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

N/A

N/A

D

B

D

B

A

A

N/A

N/A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4631

Loan parameters do not meet guidelines

No

An exception approval is in the file to allow the DSCR of 0.899, which is less than the guideline minimum of 1.000.

An exception approval is in the file

Waived

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  768 FICO exceeds guidelines by 20+ points CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV less than 70% and at least 5% less guideline maximum

Complete

151

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

N/A

N/A

B

B

B

B

A

A

N/A

N/A

Credit

Title

Waived

B

B

B

B

CRDTIL100

Potential title issue

No

Need exception to proceed with Title as an XXXX Per email from title the LLC does not qualify for the owner'spolicy and so they cannot issue an XXXX

(No Data)

Exception for the guideline deviation approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  housing payment XXXX or better CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  755 FICO higher than 740 and at least 20 points higher than guideline max

Complete

152

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXX years XXXX month at current job. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

153

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1736: Significant time at current residence - Clayton Comments:  XXXX yrs CFCFS1739: Positive mortgage payment history - Clayton Comments:  XXXX months

Complete

154

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 53.19% is 21.81% below the 75% LTV allowed. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the 6 months reserves required.

Complete

155

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Credit/Mtg History

Satisfied

B

A

B

A

CRDCRMH193

Length of mortgage/rental history in file does not meet guideline requirement

No

The housing history for the primary is missing

(No Data)

Document provided to cure.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  771 FICO score exceeds minimum FICO requirements by over 20 points CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV is more than 5 points below minimum LTV requirements

Complete

155

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

The amortization schedule is missing

amortization schedule provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  771 FICO score exceeds minimum FICO requirements by over 20 points CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV is more than 5 points below minimum LTV requirements

Complete

156

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 9.62% is 40.38% below the 50% max allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 780 is 120 points above the 660 minimum required. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 65% is 5% below the 70% max allowed.

Complete

157

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months reserves exceeds minimum reserve requirement by more than XXXX months CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  783 FICO score exceeds minimum FICO requirements by over 20 points

Complete

158

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

Missing Occupancy cert

Business Purpose and Occupancy Disclosure provided.

Satisfied

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 60% is 5% below the 65% max allowed.

Complete

158

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER4631

Loan parameters do not meet guidelines

No

Clayton calculated DSCR of 0.9307 is less than the minimum 1.0 DSCR required for cash out and credit score of 635.

Seller provided a lease agreement with proof of 1st months rent and security provided. DSCR updated.

Satisfied

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 60% is 5% below the 65% max allowed.

Complete

159

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

B

C

B

A

A

N/A

N/A

C

B

C

B

A

A

N/A

N/A

Credit

LTV/CLTV

Waived

B

B

B

B

CRDLTV3026

LTV Exceeds Guideline Requirement by at least 5%, but less than 10%

No

Per guidelines the maximum LTV for a STR Refinance is 70%. Loan closed at 75% LTV.

(No Data)

Exception to go to 75% for a STR refinance approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months of reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  789 FICO CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Borrower has XXXX current mortgage history

Complete

159

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

B

C

B

A

A

N/A

N/A

C

B

C

B

A

A

N/A

N/A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER5785

XXXX Delivery Restrictions -1

No

Per guidelines a Property Guard report required for all XXXX. The report must confirm the borrower has all permits necessary to operate a XXXX and city, county, state municipalities allow XXXX. The Property Guard Report is missing from the loan file.

Property guard report provided.

Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months of reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  789 FICO CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Borrower has XXXX current mortgage history

Complete

160

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Insurance

Satisfied

C

A

C

A

CRDINSR289

Insufficient Hazard Insurance Coverage

No

Hazard coverage is insufficient to cover loan amount of $XXXX

HOI reflects "includes replacement cost"

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Verified cash reserves exceed guidelines more than XXXX months PITIAS CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower owned primary residence for XXXX years

Complete

160

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

The amortization schedule is missing from the loan file.

Amortization schedule provided

Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Verified cash reserves exceed guidelines more than XXXX months PITIAS CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower owned primary residence for XXXX years

Complete

161

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  748 FICO score exceeds minimum FICO requirements by over 20 points CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months reserves exceeds minimum reserve requirement by more than XXXX months

Complete

162

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Insurance

Satisfied

D

A

D

A

CRDINSR848

Missing Hazard Insurance

No

The file is missing the hazard insurance

(No Data)

Document provided to cure.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  776 Fico score exceeds the minimum Fico score by more than 20 points CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrower has XXXX months in reserves

Complete

162

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Title

Satisfied

D

A

D

A

CRDTIL796

Missing Title

No

The file is missing the title policy.

(No Data)

Document provided to cure.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  776 Fico score exceeds the minimum Fico score by more than 20 points CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrower has 131.83 months in reserves

Complete

163

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

A

A

A

C

A

A

A

C

A

A

A

C

A

A

A

Property Valuations

Property

Satisfied

C

A

C

A

PRVAPROP177

Property Issues Indicated

No

Lender to provide written verification on whether condo project is Warrantable or Non-Warrantable.

warrantable condo provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrower has XXXX months in reserves

Complete

164

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is 6.09 months greater than the 6 months reserves required. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years XXXX months at current residence. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 75% is 5% below the 80% LTV allowed.

Complete

165

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

The warranty Deed granting the property to the borrower is missing from the loan file.

(No Data)

Document provided to cure.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Verified cash reserves exceeds guidelines by more than XXXX months PITIAS CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  832 Fico exceeds guidelines by more than 20 points

Complete

166

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER3122

Loan documents do not meet guideline requirements

No

The tax preparer attesting to the ownership of the borrower's business, XXXX, was prepared by a PTIN which is not eligible per guidelines.

PTIN can verify ownership percentage per guides. XXXX% EF used.

Condition satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in same profession for XXXX years. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX% CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXX months.

Complete

166

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Title

Satisfied

C

A

C

A

CRDTIL875

Title Does Not Agree With Mortgage

No

Vesting was changed to include the borrower's spouse, XXXX, however, a copy of the Quit Claim/ Warranty Deed making the change is missing from the loan file.

There is no new deed, spouse signed on the mortgage due to the marital rights in XXXX.

Condition satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in same profession for XXXX years. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX% CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXX months.

Complete

167

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in same profession for XXXX years. CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXXmonths. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX%

Complete

168

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX% CFCFS1739: Positive mortgage payment history - Clayton Comments:  Borrowers have XXXX months mortgage payment history XXXX. CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXX for XXXX months.

Complete

169

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER3122

Loan documents do not meet guideline requirements

No

The file contains an exception approval for housing history. B2 owns XXXX primary residence free and clear and XXXX is a non occupant borrower.

(No Data)

The file contains an exception approval

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrowers' have XXXX months in reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  806 Fico score exceeds the minimum Fico score by more than 20 points

Complete

170

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER109

Cash Out Amount Exceeds Guidelines

No

Per guidelines the maximum cash back to the borrower on a Rate-Term refinance is the lessor of XXXX% of the loan amount or $XXXX. In this case the borrower received $XXXX back at closing which exceeds the maximum allowed.

PCCD provided verifying $XXXX cashout

Condition satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 35.48% is below the guideline requirement of 50%. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments:  Coborrower has XXXX years XXXX months with current employer. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX months. CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXX years XXXX months with current employer. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 774 exceeds the guideline of 660.

Complete

171

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal credit utilization ratio of 10.15%. CFCFS3834: Borrower does not have any major mortgage related occurrences during the past XXXX years - Clayton Comments:  Borrower does not have any major mortgage related occurrences during the past XXXX years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

172

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  727 qualifying score is 27 points > 700 requirement. CFCFS1739: Positive mortgage payment history - Clayton Comments:  Borrower has positive mortgage payment history reported on credit report XXXX

Complete

173

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL1819

Estimated HUD-1 in File, Missing Final HUD-1

No

Please provide missing copy of Final Cd/Final HUD-1

Final CD provided

Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 738 is 78 points above the 660 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 5.44% is 44.56% below the 50% allowed.

Complete

173

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

D

A

D

A

CRDTER146

Missing lender's loan approval/underwriting form

No

The 1008 in the file is illegible.

Legible 1008 provided

Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 738 is 78 points above the 660 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 5.44% is 44.56% below the 50% allowed.

Complete

174

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1739: Positive mortgage payment history - Clayton Comments:  XXXX months CFCFS1736: Significant time at current residence - Clayton Comments:  XXXX yrs

Complete

175

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  $XXXXreserves in file; XXXX months PITIA. Required reserves areXXXX CFCFS2860: Good credit history - Clayton Comments:  XXXX months

Complete

176

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXX months. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX% CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in same profession for XXXX years.

Complete

177

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 43.21% is 6.79% below the 50% max allowed. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 18.71% is 56.29% below the 75% max allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 786 is 126 points above the 660 minimum allowed. CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXX years and XXXX months at current job. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization.

Complete

178

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

B

A

A

C

B

N/A

N/A

C

B

A

A

C

B

N/A

N/A

Property Valuations

Property

Waived

C

B

C

B

PRVAPROP177

Property Issues Indicated

No

Per guidelines, the minimum square footage per unit is XXXX sf. Unit XXXX is XXXX sf. An exception for the guideline deviation is missing from the loan file.

(No Data)

An exception was approved for the guideline deviation.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrower has XXXX months in reserves CFCFS1739: Positive mortgage payment history - Clayton Comments:  XXXX - housing history

Complete

179

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID5107

TRID - Seller CD not in file; need in order to complete fee entry

No

Seller CD Missing

(No Data)

Lender provided Seller CD - Exception satisfied.

Not Applicable

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months exceed the guideline for no additional reserves required with XXXX income source. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 759 exceeds guideline of 680.

Complete

179

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

Missing the Warranty Deed.

Warranty Deed provided.

Condition satisfied.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months exceed the guideline for no additional reserves required with XXXX income source. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 759 exceeds guideline of 680.

Complete

179

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Credit

Terms/Guidelines

Waived

C

B

C

B

CRDTER3122

Loan documents do not meet guideline requirements

No

Missing exception to allow for XXXX of joint asset accounts held with non-borrowing spouse. The XXXX and XXXX are both jointly owned with spouse and both accounts are needed for asset utilization income calculation.

(No Data)

An exception was approved for the guideline deviation.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is 0x30x24+ months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months exceed the guideline for no additional reserves required with Asset Utilization income source. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 759 exceeds guideline of 680.

Complete

180

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has owned primary residence for XXXX years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Cash out proceeds / cash reserves exceeds guidelines by XXXX months PITIAS CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 711 is 51 points above the 660 required.

Complete

181

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 34.65% is 15.35% below the 50% max allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 735 is 55 points above the 680 minimum allowed.

Complete

182

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments:  28.75% DTI is low. CFCFS1737: LTV below guideline requirements - Clayton Comments:  17.95% LTV is low.

Complete

183

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

DTI

Satisfied

C

A

C

A

CRDDTI187

Debt Ratio > 50%

No

Loan was approved as a XXXX months Business Bank statement program with a qualifying DTI of 48.635% utilizing bank statements  from XXXX thru XXXX, however, an additional updated bank statement from XXXX was provided and utilized in the audit recalculation resulting in a lower monthly income and a DTI of 51.53%.

verification that the XXXX XXXX loans were paid off prior to closing provided.  DTI is 42.43%

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 790 is 130 points above the 660 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

183

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

Provide a document in the file that verifies whether the property was warrantable or non-warrantable.

warrantable condo per 1008

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 790 is 130 points above the 660 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

184

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

Missing the most recent XXXX 401k statement dated XXXXused to verify the XXXX income of $XXXX to complete the ATR/QM review.

401k Statement ended XXXX provided

Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  788 Fico score exceeds the minimum Fico score by more than 20 points CFCFS2854: Significant time in profession - Clayton Comments:  The borrower has been working at current employer for XXXX years.

Complete

184

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Credit

Assets

Satisfied

D

A

D

A

CRDAST2354

Asset Verification In File is Incomplete Per Requirements

No

The file is missing the most recent XXXX 401k statement dated XXXX used to verify the supplemental Asset utilization income of $XXXX

401k Statement ended XXXX provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  788 Fico score exceeds the minimum Fico score by more than 20 points CFCFS2854: Significant time in profession - Clayton Comments:  The borrower has been working at current employer for XXXX years.

Complete

184

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Credit

Insurance

Satisfied

C

A

C

A

CRDINSR289

Insufficient Hazard Insurance Coverage

No

The hazard insurance policy has insufficient coverage. The required coverage amount is $XXXX

RCE provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  788 Fico score exceeds the minimum Fico score by more than 20 points CFCFS2854: Significant time in profession - Clayton Comments:  The borrower has been working at current employer for XXXX years.

Complete

184

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER3122

Loan documents do not meet guideline requirements

No

The file contains an approval for the appraisal review.

The file contains an approval

Waived

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  788 Fico score exceeds the minimum Fico score by more than 20 points CFCFS2854: Significant time in profession - Clayton Comments:  The borrower has been working at current employer for XXXX years.

Complete

185

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR100

Missing Appraisal

No

Per the Fannie Mae SSR report 2 appraisals were completed on the subject. The first appraisal completed XXXX with a value of $XXXX is missing from the loan file.

Appraisal dated XXXX was provided

Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months of reserves CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Borrower has good mortgage history with XXXX reporting on all mortgages on credit.

Complete

186

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2860: Good credit history - Clayton Comments:  Borrower has good credit history with XXXX on mortgage accounts. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

187

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER881

Minimum square footage does not meet guidelines

No

The Condo square footage is XXXX which is below the XXXX minimum. An exception approval is in the file.

(No Data)

An exception approval is in the file.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 760 is 140 points above the 620 required. CFCFS1739: Positive mortgage payment history - Clayton Comments:  Borrowers have XXXX months mortgage payment history XXXX. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 48.72% is 36.28% below the 85% LTV allowed.

Complete

188

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL988

Loan File is Missing or Contains Insufficient Documentation for Basic Review

No

The Amortization Schedule is missing from the loan file.

Amortization Schedule provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  704 qualifying score is 44 points > 660 requirement. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has been living at primary residence for XXXX years.

Complete

189

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

N/A

N/A

D

A

D

A

A

A

N/A

N/A

Credit

Insurance

Satisfied

D

A

D

A

CRDINSR848

Missing Hazard Insurance

No

Hazard Insurance policy was not provided in the loan file.

Haz insurance provided

Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 787 is 87 points above the 700 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

189

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

N/A

N/A

D

A

D

A

A

A

N/A

N/A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

Loan closed in the name of a corporation, XXXX, however, the business documents including the Operating Agreement/ Bylaws, Certificate of Formation/Articles of Organization, Certificate of Good Standing or equivalent document, and verification of the entity EIN Tax ID # are missing from the loan file.

Entity documents provided to cure.

Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 787 is 87 points above the 700 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

190

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 797 is 157 points above the 640 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

191

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR101

Appraisal incomplete (missing map, layout, pages, etc)

No

The right side of the Appraisal is cut off.

Appraisal provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years XXXX months at current residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 706 is 86 points above the 620 required. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 67.14% is 12.86% below the 80% LTV allowed.

Complete

192

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL988

Loan File is Missing or Contains Insufficient Documentation for Basic Review

No

An invoice for the hazard insurance with XXXX insurance is in the loan file, however the insurance policy is missing from the loan file.

HOI policy provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  764 FICO CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months of reserves CFCFS1737: LTV below guideline requirements - Clayton Comments:  42.55% LTV

Complete

192

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Waived

C

B

C

B

CRDTER3122

Loan documents do not meet guideline requirements

No

Per guidelines the maximum DTI when using XXXX as a supplemental source of income the maximum DTI is 45%. Loan closed at 47.76% DTI which exceeds the maximum allowed. An exception for the guideline deviation is missing from the loan file.

An exception was approved for the guideline deviation.

waived

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  764 FICO CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months of reserves CFCFS1737: LTV below guideline requirements - Clayton Comments:  42.55% LTV

Complete

193

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past XXXX years - Clayton Comments:  Borrower does not have any major mortgage related occurrences during the past XXXX years. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years 6 months at current residence. CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has 9 years 3 months in profession.

Complete

194

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

C

B

D

B

N/A

N/A

D

B

C

B

D

B

N/A

N/A

Credit

LTV/CLTV

Waived

C

B

C

B

CRDLTV3026

LTV Exceeds Guideline Requirement by at least 5%, but less than 10%

No

LTV of 75% is greater than the maximum 70% LTV allowed for properties listed for sale w/in the last XXXX months and a cash out refinance.

(No Data)

An exception was approved for the guideline deviation.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  XXXX CFCFS1739: Positive mortgage payment history - Clayton Comments:  XXXX

Complete

194

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

C

B

D

B

N/A

N/A

D

B

C

B

D

B

N/A

N/A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER3122

Loan documents do not meet guideline requirements

No

Appraisal Review Approved

(No Data)

An exception was approved for Appraisal Review

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  XXXX CFCFS1739: Positive mortgage payment history - Clayton Comments:  XXXX

Complete

194

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

C

B

D

B

N/A

N/A

D

B

C

B

D

B

N/A

N/A

Property Valuations

Property

Waived

C

B

C

B

PRVAPROP277

Currently Listed for Sale

No

Appraiser states the current status of the listing is Active, which makes the property ineligible.

(No Data)

An exception was approved for the guideline deviation.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  XXXX CFCFS1739: Positive mortgage payment history - Clayton Comments:  XXXX

Complete

194

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

C

B

D

B

N/A

N/A

D

B

C

B

D

B

N/A

N/A

Property Valuations

Property

Waived

D

B

D

B

PRVAPROP111

Legal Nonconforming w/out Rebuild Letter

No

Appraiser states based on current zoning, the subject cannot be rebuilt if destroyed.

XXXX has agreed to clear condition.

Condition satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  XXXX CFCFS1739: Positive mortgage payment history - Clayton Comments:  XXXX

Complete

195

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

C

A

D

A

D

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

No

Zero Tolerance Fee of $XXXX due to Credit Report Fee increased from $87 on LE XXXX to $XXXX on CD XXXX  Missing a valid Change of Circumstance, LOX and copy of refund check to borrower

(No Data)

Lender provided COC - exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  749 qualifying score is 49 points > 700 requirement. CFCFS1739: Positive mortgage payment history - Clayton Comments:  Borrowers have positive mortgage payment history reported on credit report XXXX

Complete

195

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

C

A

D

A

D

A

A

A

C

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL988

Loan File is Missing or Contains Insufficient Documentation for Basic Review

No

According to the underwriting guidelines, an internet search of the business is required with documentation to be included in the credit file to support the Business Narrative. Underwriter certification (or notation on the 1008) if there are not returns when attempting an internet search. In this case, the documentation is missing from the loan file.

Internet search of the business provided

Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  749 qualifying score is 49 points > 700 requirement. CFCFS1739: Positive mortgage payment history - Clayton Comments:  Borrowers have positive mortgage payment history reported on credit report XXXX

Complete

196

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXXmonths. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 743 is 43 points above the 700 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

197

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months of reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  802 FICO

Complete

198

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS5269: Minimal use of credit - Clayton Comments:  Credit line usage ratio is below XXXX% CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  770 FICO score exceeds minimum FICO requirements by over 20 points

Complete

199

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

B

C

B

A

A

A

A

C

B

C

B

A

A

A

A

Credit

LTV/CLTV

Waived

C

B

C

B

CRDLTV3026

LTV Exceeds Guideline Requirement by at least 5%, but less than 10%

No

Per guideline, max LTV eligibility should be reduced by 5% for declining markets. In this case max eligibility is 70% and if reduced  by 5% it becomes 65% max.

(No Data)

An exception was approved for the guideline deviation.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA are XXXX months greater than the XXXX months required reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 694 is 34 points above the 660 minimum required.

Complete

200

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  809 FICO score exceeds minimum FICO requirements by over 20 points CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months reserves exceeds minimum reserve requirement by more than 6 months

Complete

201

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX months. CFCFS1744: DTI below guideline requirement - Clayton Comments:  DSCR of 2.33 exceeds the guideline of 1.0. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 806 exceeds guideline of 620. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 25.86% is below the guideline maximum of 75%.

Complete

202

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA exceed the 12 months reserves requirement. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 793 exceeds the minimum of 620.

Complete

203

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXX months. CFCFS1739: Positive mortgage payment history - Clayton Comments:  Borrowers have XXXX months mortgage payment history XXXX.

Complete

204

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

Documentation

Satisfied

D

A

D

A

CMPDOC191

Missing Mortgage

No

Missing the Mortgage from the file

Mortgage provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX verified cash reserves exceed minimum required CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  742 credit score exceeds minimum required

Complete

204

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Terms/Guidelines

Satisfied

D

A

D

A

CRDTER146

Missing lender's loan approval/underwriting form

No

Missing DU_1008 lender's approval

UNDERWRITING OVERVIEW provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  114.12 verified cash reserves exceed minimum required CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  742 credit score exceeds minimum required

Complete

205

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

Compliance Manual

Satisfied

C

A

C

A

CMPMAN3022

TILA - Incorrect version of the Notice of Right to Cancel disclosure (ROR)

No

The "I wish to cancel" was signed on the ROR". Provide all title holders with a new ROR, LOE and reopen rescission with dates allowing for method of delivery.

Corrected ROR provided

Satisfied

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  Qualifying FICO of 814 is 154 points above the 660 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the 6 months reserves required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 25.81% is 24.19% below the 50% allowed.

Complete

205

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

Right of Rescission

Satisfied

C

B

C

B

CMPROR2330

ROR - Disbursement date is before end of statutory rescission period

No

Final CD XXXX - disbursement date on XXXX , ROR form in file signed on XXXX with end of rescission on XXXX condition pending receiving Post CD with updated disbursement date, LOX and proof of delivery to borrower

(No Data)

Lender provided corrected ROR - Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  Qualifying FICO of 814 is 154 points above the 660 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 25.81% is 24.19% below the 50% allowed.

Complete

206

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

(No Data)

Complete

207

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Income/Employment

Waived

B

B

B

B

CRDINC150

Income docs do not meet guidelines

No

An exception approval is in the file to proceed with only XXXX transcripts and XXXX years W2 for co-borrower. Co-borrower's XXXX W2 transcripts are coming back not available.

(No Data)

An exception approval is in the file

(No Data)

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments:  XXXX yrs CFCFS1734: Borrower has significant time at current job - Clayton Comments:  XXXX yrs XXXX mos

Complete

208

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2862

Copy of Note in file is incomplete

No

Note in file is not signed. Page 60.

signed Note provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years and XXXX months at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA are XXXX months greater than 6 months reserves required.

Complete

208

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4631

Loan parameters do not meet guidelines

No

Investor concentration of XXXX% exceeds the guideline max allowed of XXXX%.

(No Data)

Lender approval dated XXXX is on file.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX months at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves ofXXXX months reserves required.

Complete

209

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

N/A

N/A

D

A

D

A

A

A

N/A

N/A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL1819

Estimated HUD-1 in File, Missing Final HUD-1

No

Only the estimated HUD-1 was provided. Please provide the final HUD-1.

(No Data)

Document provided to cure.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  XXXX CFCFS2860: Good credit history - Clayton Comments:  XXXX months w/ qualifying credit score 805

Complete

210

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC3204

Income Documentation Missing

No

Missing all pages of the XXXXbusiness bank statement for XXXX (xXXXX). Received pages 1 &2 with transaction history through XXXX

revised 1008/1003 removing income provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 23.09% is below the guideline requirement of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months reserves requirement. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 772 exceeds guideline of 660.

Complete

211

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 800 is 140 points above the 660 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

212

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXXmonths. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX% CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence.

Complete

213

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA are XXXX months greater than the XXXX months required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 696 is 56 points above the 640 minimum required.

Complete

214

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

Payoff statement is missing

payoff provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1739: Positive mortgage payment history - Clayton Comments:  BOA mortgage has over XXXX months payment history with no lates listed on the credit report CFCFS1736: Significant time at current residence - Clayton Comments:  The client has resided at current address for XXXX years per application

Complete

215

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

C

B

A

A

A

A

C

B

C

B

A

A

A

A

Credit

Assets

Satisfied

C

A

C

A

CRDAST205

Insufficient Funds to Close

No

Short funds to close in the amount of $XXXX As per FINAL 1003, provide XXXX checking accounts XXXX & XXXX totaling XXXXAs per wire transaction dated XXXX \ in the amount of $XXXX received via XXXX account and $XXXX received via XXXX account. (Pg 490 & 491)

bank statements provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in same profession for XXXX years. CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXXfor XXXX months. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX%

Complete

215

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

C

B

A

A

A

A

C

B

C

B

A

A

A

A

Credit

Assets

Satisfied

C

A

C

A

CRDAST206

Asset Amounts Are Unsupported by Documentation in File

No

As per FINAL 1003, provide XXXX checking accounts XXXX & XXXX totaling $XXXX

bank statements provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in same profession for XXXX years. CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXX for XXXX months. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX%

Complete

215

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

C

B

A

A

A

A

C

B

C

B

A

A

A

A

Credit

Assets

Waived

C

B

C

B

CRDAST3078

Insufficient # of months cash reserves for PITI per guideline requirements

No

Required reserves are $XXXX

An exception was approved for the guideline deviation.

waived

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in same profession for XXXX years. CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXX months. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX%

Complete

216

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER3122

Loan documents do not meet guideline requirements

No

An Exception Approval was placed in the loan file for Appraisal/ ADUs there are kitchenettes located in the basement. Basement shows occupied, these spaces are considered as ADU.

(No Data)

05/19/2026. Client Approved Exception. Copy in loan file.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  8.93% DTI is low. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  800 qualifying score is 140 points > 660 requirement.

Complete

216

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4643

Borrower does not meet guideline requirements

No

An Exception Approval was placed in the loan file for Non-Arm's Length transaction on investment property.

(No Data)

05/19/2026. Client Approved Exception. Copy in loan file.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  8.93% DTI is low. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  800 qualifying score is 140 points > 660 requirement.

Complete

217

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1737: LTV below guideline requirements - Clayton Comments:  69.63% LTV is low. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has been at current residence for over XXXX years.

Complete

218

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Assets

Satisfied

C

A

C

A

CRDAST3078

Insufficient # of months cash reserves for PITI per guideline requirements

No

Missing assets to verify the adequacy of reserves required.

assets provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXX years and XXXX months at current job. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 755 is 75 points above the 680 minimum allowed.

Complete

218

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Assets

Satisfied

D

A

D

A

CRDAST2304

Unverified Assets

No

Missing assets to verify adequacy of funds to close.

assets provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXX years and XXXX months at current job. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 755 is 75 points above the 680 minimum allowed.

Complete

218

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC2302

Missing Required Income Documentation

No

Missing XXXX months bank statements required to calculate qualifying income and also the lender's income calculation worksheet.

XXXX months bank statements provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXX years and XXXX months at current job. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 755 is 75 points above the 680 minimum allowed.

Complete

218

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Insurance

Satisfied

D

A

D

A

CRDINSR848

Missing Hazard Insurance

No

Missing Hazard Insurance

HOI provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXX years and XXXX months at current job. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 755 is 75 points above the 680 minimum allowed.

Complete

219

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 746 is 106 points above the 640 required. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 27.63% is 52.37% below the 80% LTV allowed.

Complete

220

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments:  30.75% DTI is low. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  757 qualifying score is 97 points > 660 requirement.

Complete

221

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Credit/Mtg History

Waived

B

B

B

B

CRDCRMH124

Collections, Liens, etc. not paid as required by guidelines

No

Borrower has a collection account that she was not aware of. However, the borrower resolved the account and agreed to a payment plan. Borrower has history of owning a property. An exception approval is in the file for collection not to be paid off and continue to have a payment plan.

(No Data)

An exception approval is in the file

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has owned primary residence for XXXX years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Verified cash reserves exceeds by more than XXXX months PITIAS

Complete

222

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 75% is 5% below the 80% max allowable. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 725 is 85 points above the 640 minimum allowed. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months required reserves. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization.

Complete

223

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2862

Copy of Note in file is incomplete

No

The Note is missing from the loan file.

Note provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves above minimum by XXXX months or higher CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  FICO score above minimum by 20 points or higher

Complete

224

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC2408

Income verification does not meet guidelines

No

Asset utilization assets used for qualifying must be seasoned XXXX days. In this case, the XXXX ending is XXXX was only verified for XXXX months.

Seasoning is not required if assets are from the sale of business, inheritance, or legal settlement etc.

satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 27.68% is 22.32% below the 50% allowed. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the 6 months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 800 is 140 points above the 660 required.

Complete

224

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4643

Borrower does not meet guideline requirements

No

Borrower is pending XXXX (won't finalize for another 60 days of so). Received unexecuted XXXX XXXX. Comp Factors: included departing REO into DTI even though it is getting awarded to ex-spouse. Backed out equalization payment ($XXXX). An exception approval is in the file.

An exception approval is in the file.

Waived

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 27.68% is 22.32% below the 50% allowed. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the 6 months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 800 is 140 points above the 660 required.

Complete

225

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

N/A

N/A

B

B

B

B

A

A

N/A

N/A

Credit

LTV/CLTV

Waived

B

B

B

B

CRDLTV3026

LTV Exceeds Guideline Requirement by at least 5%, but less than 10%

No

The maximum LTV for a C/O refinance is 75%; loan closed at 80% LTV

(No Data)

Exception for closing above the maximum LTV at 80% approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Monthly reserves are verified AND at least XXXX months more than guideline minimum CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Housing XXXX

Complete

226

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 711 is 51 points above the 660 minimum allowed. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 2.83% is 47.17% below the 50% max allowed. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA are XXXX months greater than the XXXX months reserves required.

Complete

227

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 762 is 62 points above the 700 required. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 65.98% is 9.02% below the 75% LTV allowed. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years XXXX months at current residence.

Complete

228

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER3122

Loan documents do not meet guideline requirements

No

Employer XXXX is not reflecting on XXXX 1099 transcripts. Approved exception located in file, allowing for Bank Statements in file showing continuous income coming from employer for current year as well.

(No Data)

Approved exception located in file

(No Data)

Not Applicable

CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal credit utilization ratio of XXXX%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 80% is 10% below the 90% LTV allowed.

Complete

229

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months reserves exceeds minimum reserve requirement by more than XXXX months CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  746 FICO score exceeds minimum FICO requirements by over 20 points

Complete

230

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX moths PITIA are XXXX months greater than the 6 months required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 774 is 134 points above the 640 minimum allowed. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization.

Complete

231

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

N/A

N/A

D

A

D

A

A

A

N/A

N/A

Credit

Application

Satisfied

D

A

D

A

CRDAPP4625

The orig file does not contain a third party fraud report

No

A third party Fraud Detection Report is missing from the loan file.

fraud report provided

Condition satisfied.

Not Applicable

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of 1XXXX months reserves requirement. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 60% is below the guideline maximum of 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 721 exceeds the guideline of 620.

Complete

231

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

N/A

N/A

D

A

D

A

A

A

N/A

N/A

Credit

Credit/Mtg History

Satisfied

B

A

B

A

CRDCRMH193

Length of mortgage/rental history in file does not meet guideline requirement

No

Missing a VOR for the most recent XXXX month rental history for borrower's primary residence at XXXX. The VOR in the file covers the time history from XXXX to XXXX at this address.

canceled checks provided verifying rent

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITI exceed the 6 months reserves requirement. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 60% is below the guideline maximum of 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 721 exceeds the guideline of 620.

Complete

231

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

N/A

N/A

D

A

D

A

A

A

N/A

N/A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

Missing the Certificate of Formation/Articles of Organization for XXXX

Articles of Organization provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITI exceed the 6 months reserves requirement. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 60% is below the guideline maximum of 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 721 exceeds the guideline of 620.

Complete

232

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA are XXXX months greater than the XXXX months reserves required. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 60% is 15% below the 75% max allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 721 is 21 points above the 700 minimum allowed.

Complete

233

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

N/A

N/A

D

A

D

A

A

A

N/A

N/A

Credit

Application

Satisfied

D

A

D

A

CRDAPP130

Application is incomplete

No

Appraiser to comment on the rapid appreciation of value: appraisal $XXXX MLS sale XXXX Appraisal notes subject improvements (rehab = paint & flooring only).

You can see from the pictures online from original sale and the appraisal that the exterior home was repaired and new windows updated. Flooring was updated, vanity were changed out, ceiling fans removed and ceiling updated. The appraiser mentioned the home was updated since the sale and we also received a desk review on the file. XXXX reviewed and ok with appraisal

Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  $XXXX reserves in file; XXXXmonths PITIA. Required reserves are $XXXX CFCFS2860: Good credit history - Clayton Comments:  XXXX

Complete

234

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

N/A

N/A

B

B

B

B

A

A

N/A

N/A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER3262

Property issues indicated

No

Non-Warrantable condo/Single entity ownership. Borrower owns greater than XXXX% of units.

(No Data)

Exception for the guideline deviation approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  782 FICO CFCFS3834: Borrower does not have any major mortgage related occurrences during the past XXXX years - Clayton Comments:  Borrower does not have any major mortgage related occurrences during the past XXXX years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  14.61 months of reserves

Complete

235

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

N/A

N/A

D

A

D

A

A

A

N/A

N/A

Credit

Insurance

Satisfied

D

A

D

A

CRDINSR848

Missing Hazard Insurance

No

The hazard insurance is missing from the file.

HOI provided

Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrower has 117.10 months in reserves CFCFS2860: Good credit history - Clayton Comments:  DSCR above minimum by .37

Complete

236

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

C

B

A

A

A

A

C

B

C

B

A

A

A

A

Credit

Credit/Mtg History

Satisfied

C

A

C

A

CRDCRMH193

Length of mortgage/rental history in file does not meet guideline requirement

No

Missing a XXXX month Verification of Rent and/or XXXX additional months of bank statements to verify rental payment history.

VOR provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 797 exceeds the guideline of 660. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITI exceed the XXXX months reserves requirement.

Complete

236

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

C

B

A

A

A

A

C

B

C

B

A

A

A

A

Credit

Income/Employment

Satisfied

C

A

C

A

CRDINC2488

Verbal verification of employment missing

No

Missing verification borrower has been self-employed for XXXX years either as XXXX or has been 1099'd by XXXX for XXXX years. VVOE in file verifies XXXX has been in existence since XXXX, but does not verify the borrower has any ownership in XXXX.

LOE and updated 1003 provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 797 exceeds the guideline of 660. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITI exceed the XXXX months reserves requirement.

Complete

236

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

C

B

A

A

A

A

C

B

C

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER5785

XXXX Delivery Restrictions -1

No

Exception requested to exclude theXXXX lease payment from the DTI and allow the payoff of the lease balance at closing.

(No Data)

Exception was approved to exclude the auto lease payment from the DTI and allow the remaining lease balance to be prepaid at closing.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 797 exceeds the guideline of 660. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITI exceed the XXXX months reserves requirement.

Complete

236

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

C

B

A

A

A

A

C

B

C

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER5787

XXXX Delivery Restrictions -2

No

Exception requested for borrower not meeting the minimum XXXX% of own funds when using gift funds.

(No Data)

Exception was approved for borrower not having XXXX% of their own funds when getting a gift. Gift funds are used for the down payment and payoff of debts. Borrower does have their own funds to meet the reserve requirement of XXXX months (has XXXX mos reserves). Short approximately $XXXX in own funds to meet the XXXX% requirement of $XXXX

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 797 exceeds the guideline of 660. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITI exceed the XXXX months reserves requirement.

Complete

237

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  FICO score above minimum by 20 points or higher CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves above minimum by 6 months or higher

Complete

238

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 764 is 124 points above the 640 minimum allowed. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization.

Complete

239

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Insurance

Satisfied

C

A

C

A

CRDINSR5351

Insurance Effective date is greater than the transaction date

No

HOI effective date is XXXX and final CD disbursement date is XXXX

revised HOI policy provided

Condition satisfied.

Not Applicable

Not Applicable

CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 36.69% is 13.31% below the 50% max allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 781 is 121 points above the 660 minimum allowed.

Complete

240

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

The payoff statement is missing

The payoff statement was provided

Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  745 FICO score exceeds minimum FICO requirements by over 20 points CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months reserves exceeds minimum reserve requirement by more than 6 months

Complete

241

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Both borrowers have owned the current business for XXXX years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA exceed the guideline requirement of XXXX months.

Complete

242

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 786 is 86 points above the 700 required. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 31.91% is 43.09% below the 75% LTV allowed. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has 8 years 0 months at current residence.

Complete

243

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months reserves exceeds minimum reserve requirement by more than 6 months CFCFS1736: Significant time at current residence - Clayton Comments:  Brwr has resided at current residence for XXXX years per app

Complete

244

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX CFCFS2860: Good credit history - Clayton Comments:  XXXX

Complete

245

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

C

B

D

A

A

A

D

B

C

B

D

A

A

A

Credit

Assets

Waived

C

B

C

B

CRDAST3078

Insufficient # of months cash reserves for PITI per guideline requirements

No

Program requires XXXX months minimum PITIA reserves but borrower has XXXX months PITIA reserves.

Per XXXX variance letter, XXXX reserve requirements are acceptable.

waived

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 696 is 36 points above the 660 minimum allowed. CFCFS1745: Significant total monthly debt reduction - Clayton Comments:  Borrower has XXXX years in profession.

Complete

245

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

C

B

D

A

A

A

D

B

C

B

D

A

A

A

Credit

LTV/CLTV

Waived

B

B

B

B

CRDLTV3028

LTV Exceeds Guideline Requirement by 10% or more

No

Program requires max LTV of 70% but borrower LTV is 80%. Lender approval is on file.

Lender approval is on file.

waived

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 696 is 36 points above the 660 minimum allowed. CFCFS1745: Significant total monthly debt reduction - Clayton Comments:  Borrower has XXXX years in profession.

Complete

245

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

C

B

D

A

A

A

D

B

C

B

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR101

Appraisal incomplete (missing map, layout, pages, etc)

No

The bottom of the pages are cut off on the Appraisal.

The complete appraisal has been uploaded

Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 696 is 36 points above the 660 minimum allowed. CFCFS1745: Significant total monthly debt reduction - Clayton Comments:  Borrower has XXXX years in profession.

Complete

246

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  730 qualifying score is 30 points > 700 requirement. CFCFS1739: Positive mortgage payment history - Clayton Comments:  Borrower has positive mortgage payment history reported on credit report XXXX

Complete

247

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  796 FICO CFCFS1737: LTV below guideline requirements - Clayton Comments:  38.08% LTV

Complete

248

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 700 is 80 points above the 620 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

249

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

QM: Safe Harbor (APOR)

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2860: Good credit history - Clayton Comments:  XXXX months qualifying credit score 812 CFCFS5269: Minimal use of credit - Clayton Comments:  Utilization XXXX% qualifying credit score 812

Complete

250

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

A

C

A

A

A

N/A

N/A

C

A

C

A

A

A

N/A

N/A

Credit

Title

Satisfied

C

A

C

A

CRDTIL100

Potential title issue

No

The title policy amount of $XXXX is less than the loan amount of $XXXX

Updated title policy provided.

Satisfied

(No Data)

Not Applicable

CFCFS1739: Positive mortgage payment history - Clayton Comments:  Borrower has positive mortgage payment history reported on credit report XXXX CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has low credit utilization of XXXX%.

Complete

251

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4631

Loan parameters do not meet guidelines

No

Approved exception located in file allowing for Borrower not meeting the requirement of a minimum XXXX year experience operating a short term rental within the past XXXX months.

(No Data)

Exception for the guideline deviation approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past XXXX years - Clayton Comments:  Borrower does not have any major mortgage related occurrences during the past XXXX years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  737 FICO

Complete

252

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 770 is 110 points above the 660 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is 543.33 months greater than the XXXX months reserves required.

Complete

253

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX verified cash reserves exceed minimum required CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has resided at current residence for past XXXX years CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  771 credit score exceeds minimum required

Complete

254

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 757 is 77 points above the 680 minimum allowed. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 8.11% is 41.89% below the 50% max allowed. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA are XXXX months greater than the XXXX months required. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 49.02% is 25.98% below the 75% max allowed.

Complete

255

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 809 is 109 points above the 700 min allowed. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA are XXXX months greater than the XXXX months required reserves. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 55.83% is 34.17% below the 90% max allowed. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying FICO of 6.68% is 43.32% below the 50% max allowed.

Complete

256

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 714 is 34 points above the 680 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX reserves required.

Complete

257

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4643

Borrower does not meet guideline requirements

No

Subject is for sale by owner - non-arms length transaction.

(No Data)

Exception for non-arm's length transaction and subject being for sale by owner approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  XXXX CFCFS2860: Good credit history - Clayton Comments:  XXXX

Complete

258

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying FICO of 27.25% is 22.75% below the 50% max allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 723 is 43 points above the 680 minimum allowed.

Complete

259

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL988

Loan File is Missing or Contains Insufficient Documentation for Basic Review

No

Documentation that the borrower is at least XXXX% owner of the business by provided a CPA letter, tax preparer letter, operating agreement, or equivalent; reflecting the borrower's ownership percentage, is missing from the loan file.

CPA letter provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  32.55% DTI is low. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has low credit utilization of XXXX%.

Complete

260

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Application

Waived

B

B

B

B

CRDAPP1813

Undisclosed non-arm's length transaction

No

An exception approval is in the file to allow the non-arms length transaction. Borrower Purchasing from Parents.

An exception approval is in the file

Waived

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has XXXX months of Reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  729 qualifying score is 89 points > 640 requirement.

Complete

260

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4631

Loan parameters do not meet guidelines

No

An exception approval is in the file for sellers giving gift of equity for down payment and Borrower using XXXX% own funds.

An exception approval is in the file

Waived

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Borrower has XXXX months of Reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  729 qualifying score is 89 points > 640 requirement.

Complete

261

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4631

Loan parameters do not meet guidelines

No

The file contains an exception because the subject has XXXX units on the same lot.

(No Data)

Exception for the guideline deviation approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrower has XXXX months in reserves CFCFS1739: Positive mortgage payment history - Clayton Comments:  XXXX - housing history

Complete

262

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

C

B

A

A

D

B

D

B

C

B

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

Per the 1003 and borrower's identification, the borrower is a XXXX, however, the Deed of Trust shows the vesting as a XXXX. Lender to verify which is correct and update all documents to match.

Affidavit provided showing "married woman".

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence.

Complete

262

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

C

B

A

A

D

B

D

B

C

B

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4631

Loan parameters do not meet guidelines

No

Investor Concentration- Borrower is purchasing a third property on the same street as two other investment homes that XXXX owns. Borrower lives in NY and manages rentals in GA.

(No Data)

Exception for investor concentration approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence.

Complete

262

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

C

B

A

A

D

B

D

B

C

B

A

A

Property Valuations

Property

Waived

C

B

C

B

PRVAPROP177

Property Issues Indicated

No

Flip Transaction- Subject property was purchased by seller XXXX for $XXXX and is being resold for $XXXX which is more than a 20% increase within 90-180 days. An exception for a flip exceeding the maximum increase in price is missing from the loan file.

An exception was approved for the guideline deviation.

waived

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence.

Complete

263

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER3122

Loan documents do not meet guideline requirements

No

An Exception Approval was placed in the loan file for XXXX Attributes/ Neighboring areas Farm loan, distance of sales and rental comps is excessive. All comps are over XXXX miles away from the subject property.

(No Data)

05/27/2026. Client Approved Exception via email. Copy in loan file.

(No Data)

Not Applicable

CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has low credit utilization of XXXX%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  797 qualifying score is 117 points > 680 requirement.

Complete

264

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 728 is 48 points above the 680 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is 101.73 months greater than the 6 months reserves required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 11.28% is  38.72% below the 50% allowed.

Complete

265

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months reserves required. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments:  Borrower has good credit history with XXXX on mortgage accounts.

Complete

266

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has a credit line usage ratio of XXXX%.

Complete

267

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL988

Loan File is Missing or Contains Insufficient Documentation for Basic Review

No

The Borrower Certification of Business Purpose Disclosure is missing from the loan file.

Business Purpose Disclosure provided.

Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  756 qualifying score is 136 points > 620 requirement. CFCFS1737: LTV below guideline requirements - Clayton Comments:  52.77% LTV is low.

Complete

268

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

DTI

Satisfied

C

A

C

A

CRDDTI187

Debt Ratio > 50%

No

According to the underwriting guidelines, the maximum DTI allowed is 50%. In this case, the DTI is 53.92%, which exceeds the guidelines. The lender included transfers in the bank statement calculations.

Transfers appear to be business related as the name on the bank statements is the same business listed on the account used to qualify.

Satisfied

(No Data)

Not Applicable

CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has low credit utilization of XXXX%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  785 qualifying score is 85 points > 700 requirement.

Complete

268

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL988

Loan File is Missing or Contains Insufficient Documentation for Basic Review

No

The HOA statement for the second home XXXX or attestation that there is no HOA, is missing from the loan file.

verification no HOA provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has low credit utilization of XXXX%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  785 qualifying score is 85 points > 700 requirement.

Complete

268

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER3122

Loan documents do not meet guideline requirements

No

The Appraisal comps are not exposed to MLS.

XXXX has agreed to clear condition

satisfied

(No Data)

Not Applicable

CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has low credit utilization of XXXX%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  785 qualifying score is 85 points > 700 requirement.

Complete

269

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX% CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in same profession for XXXX years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months reserves required.

Complete

270

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 34.41% is 15.59% below the 50% allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 764 is 104 points above the 660 required.

Complete

271

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2860: Good credit history - Clayton Comments:  Borrower has XXXXmonths. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 723 is 43 points above the 680 required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 24.88% is 25.12% below the 50% allowed.

Complete

272

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

B

B

A

A

C

B

C

B

B

B

A

A

C

B

Compliance

State Rate Spread

Waived

C

B

C

B

CMPSRS300

NY Subprime Home Loan

No

System calculates a XXXX Subprime per not acceptable per guidelines

(No Data)

Waived per XXXX

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in same profession for XXXX years. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX%

Complete

272

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

B

B

A

A

C

B

C

B

B

B

A

A

C

B

Credit

Credit/Mtg History

Waived

B

B

B

B

CRDCRMH193

Length of mortgage/rental history in file does not meet guideline requirement

No

Borrower lives rent free with spouse as per letter of explanation from borrower. A lease was provided and only lists borrower's spouse name as occupant.

(No Data)

Exception for borrowing living rent free with spouse approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in same profession for XXXX years. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX%

Complete

273

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 745 is 45 points above the 700 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

274

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Assets

Waived

C

B

C

B

CRDAST3078

Insufficient # of months cash reserves for PITI per guideline requirements

No

XXXX matrix indicates XXXX months reserves are required for P&L loans.  The borrower has XXXX months after closing for reserves.

(No Data)

An exception was approved for the guideline deviation.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 808 is 148 points above the 660 required.

Complete

274

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

DTI

Satisfied

D

A

D

A

CRDDTI2540

Missing verification of some or all components of non-subject PITI

No

The property insurance policy for the borrower's departing residence at XXXX was not in the file.  Audit used the monthly insurance/tax amount on the final 1003 for calculation purposes.

HOI policy provided.

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 808 is 148 points above the 660 required.

Complete

275

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

A

A

A

C

A

A

A

C

A

A

A

C

A

A

A

Property Valuations

Appraisal

Satisfied

C

A

C

A

PRVAAPPR169

Appraisal includes one or more issue(s)

No

Appraisal clipped off on the bottom.

Corrected appraisal provided to cure.

Satisfied

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  XXXX yrs CFCFS1739: Positive mortgage payment history - Clayton Comments:  XXXX months CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV 48.70% < 75% GL

Complete

276

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

C

B

A

A

A

A

C

B

C

B

A

A

A

A

Credit

Assets

Waived

C

B

C

B

CRDAST3078

Insufficient # of months cash reserves for PITI per guideline requirements

No

The file is missing XXXX months reserves, the actual verified reserves are XXXX months

An exception was approved for the guideline deviation.

waived

(No Data)

Not Applicable

CFCFS1739: Positive mortgage payment history - Clayton Comments:  716 Fico score exceeds the minimum Fico score by more than 20 points CFCFS1744: DTI below guideline requirement - Clayton Comments:  The DTI of 18.70% is less than the Max

Complete

277

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years and XXXX months at current residence. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 775 is 115 points above the 660 minimum allowed.

Complete

278

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1739: Positive mortgage payment history - Clayton Comments:  XXXX - housing history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrower has XXXX months in reserves

Complete

279

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 70% is 10% below the 80% LTV allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 787 is 147 points above the 640 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

280

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 52.94% is 12.06% below the 65% LTV allowed.

Complete

281

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2860: Good credit history - Clayton Comments:  Borrower has good credit history with XXXX on mortgage accounts. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

282

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

Compliance

Compliance Manual

Satisfied

D

A

D

A

CMPMAN2956

Missing disclosure

No

Per the Disclosure Tracking Missing Initial CD XXXX

(No Data)

Lender provided Initial XXXXCD - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 812 is 152 points above the 660 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the 6 months reserves required.

Complete

283

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

The PPP Addendum to the Note and Rider to the DOT are missing from the loan file.

The PPP addendum and rider provided

Satisfied

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  47.46% LTV CFCFS1739: Positive mortgage payment history - Clayton Comments:  XXXX

Complete

284

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of 2XXXX months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 788 is 88 points above the 700 required.

Complete

285

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX% CFCFS2854: Significant time in profession - Clayton Comments:  Borrower (XXXX) has been in same profession for XXXX years. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower (XXXX) has 24 years at current residence. Borrower (XXXX) has 13 years at current residence.

Complete

286

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 31.82% is 18.18% below the 50% allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 784 is 124 points above the 660 required.

Complete

287

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 725 is 65 points above the 660 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 34.04% is 15.96% below the 50% allowed.

Complete

288

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments:  The subject LTV is 65%.  Maximum allowed is 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  The borrower has a 797 credit score; minimum required is 700

Complete

289

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has 3.9% revolving credit utilization. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 770 is 70 points above the 700 minimum allowed. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 39.22% is 35.78% below the 75% max allowed.

Complete

290

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Assets

Satisfied

C

A

C

A

CRDAST3036

Assets reflect unsourced deposits

No

Per lox, all deposits made in the XXXXt originated from other asset accounts the trust owns.  Provide additional documentation to show the accounts the transfers originated from (XXXX).

previous correspondence with XXXX provided.

Condition satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV is more than 20 points below maximum LTV requirements CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI is more than 5 points below maximum DTI requirements

Complete

290

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

Assets are in the name of XXXX Provide the trust agreement for the XXXX to verify borrower's ownership percentage in the trust.

XXXX reviewed and pre-approved the assets.

Condition satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV is more than 20 points below maximum LTV requirements CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI is more than 5 points below maximum DTI requirements

Complete

291

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  774 Credit score exceeds guidelines of 660. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  XXXX mortgage payment history exceeds guideline required XXXX months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post closing reserves are XXXX

Complete

292

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER5785

XXXX Delivery Restrictions -1

No

Exception requesting 5% LTV due to borrower is FTHB and FIV . Borrower does own primary and is currently renting. Compensating factors Fico score 734, Borrower has been on same job for XXXX years.DTI changed from 41.86 to 42

(No Data)

Approved by XXXX and in file

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  734 credit score exceeds 700 minimum required CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX verified cash reserves exceed minimum required

Complete

293

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2698

RESPA - List of homeowners counseling organizations not in file

No

Missing List of homeowners counseling organizations.

Homeownership disclosure provided

Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 723 is 43 points above the 680 minimum allowed. CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXX month at current job CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months reserves required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 21.27% is 28.73% below the 50% max allowed. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years and XXXX month at current residence.

Complete

294

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrower has XXXX months in reserves CFCFS1744: DTI below guideline requirement - Clayton Comments:  The DTI of 31.12% is less than the Max

Complete

295

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post closing reserves XXXX CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  765 Credit score exceeds guidelines of 660. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  XXXX months with XXXX mortgage payment history exceeds guideline required XXXX months.

Complete

296

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4643

Borrower does not meet guideline requirements

No

An exception approval is in the file for rent free borrower on DSCR.

(No Data)

An exception approval is in the file

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments:  XXXX CFCFS5269: Minimal use of credit - Clayton Comments:  XXXX

Complete

297

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying credit score 791 > GL 700 CFCFS2860: Good credit history - Clayton Comments:  XXXX

Complete

298

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

The property tax certificate for the subject property is missing from the loan file.

tax cert provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months of reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  736 FICO

Complete

299

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Assets

Satisfied

D

A

D

A

CRDAST2354

Asset Verification In File is Incomplete Per Requirements

No

According to the guidelines, the borrowers must have XXXX% XXXX of their own funds. The borrower contributed only XXXX toward closing and received own funds would have been required to meet the full XXXX% contribution.

Borrower has XXXX% of their own funds documented but not required to use.

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 22.84% is 27.16% below the 50% allowed.

Complete

299

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Credit/Mtg History

Satisfied

D

A

D

A

CRDCRMH149

Missing support docs for VOM/VOR (e.g. cancelled checks)

No

All borrowers must be current on mortgage or rent at loan application. No open and active mortgages reporting on initial credit will require pre-approval. Borrowers are living rent free with the co-borrower's father.

(No Data)

A pre-approval was provided for the housing history.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 22.84% is 27.16% below the 50% allowed.

Complete

300

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID5107

TRID - Seller CD not in file; need in order to complete fee entry

No

Seller CD Missing.

(No Data)

Lender provided Sellers CD - Exception satisfied.

Not Applicable

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  37.28% DTI is low. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  718 qualifying score is 58 points > 660 requirement.

Complete

300

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL988

Loan File is Missing or Contains Insufficient Documentation for Basic Review

No

The Warranty Deed is missing from the loan file.

Warranty Deed provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  37.28% DTI is low. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  718 qualifying score is 58 points > 660 requirement.

Complete

301

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Insurance

Satisfied

D

A

D

A

CRDINSR3278

Hazard Insurance documentation in file is incomplete

No

The hazard insurance policy doesn't contain any information regarding the policy

HOI policy provided

satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 744 is 104 points above the 640 required. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence.

Complete

301

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL1817

Final HUD-1 is incomplete or illegible

No

The HUD-1 provided is partially cut off and illegible. Please provide a legible copy.

complete, legible HUD provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 744 is 104 points above the 640 required. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence.

Complete

301

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2862

Copy of Note in file is incomplete

No

The Note provided is partially cut off and illegible. Please provide a legible copy.

complete Note provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 744 is 104 points above the 640 required. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence.

Complete

301

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2864

Copy of Mortgage/Deed in file is incomplete

No

The Mortgage provided is partially cut off and illegible. Please provide a legible copy.

complete DOT provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 744 is 104 points above the 640 required. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence.

Complete

301

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4415

Missing required Cooperative Documentation

No

Loan file is missing Amortization document

Amortization Schedule provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 744 is 104 points above the 640 required. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence.

Complete

302

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

A

C

A

A

A

N/A

N/A

C

A

C

A

A

A

N/A

N/A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER3122

Loan documents do not meet guideline requirements

No

Missing signed Business Purpose & Occupancy Affidavit Disclosure.

BPA provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments:  Borrower does not have any major mortgage related occurrences during the past two years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 731 is 31 points above the 700 required. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 62.4% is 12.6% below the 75% LTV allowed.

Complete

303

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrowers have been living at primary residence for XXXX years. CFCFS1739: Positive mortgage payment history - Clayton Comments:  Borrowers have positive mortgage payment history reported on credit report XXXX

Complete

304

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal credit utilization ratio of XXXX%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS3834: Borrower does not have any major mortgage related occurrences during the past XXXX years - Clayton Comments:  Borrower does not have any major mortgage related occurrences during the past XXXX years

Complete

305

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER4631

Loan parameters do not meet guidelines

No

As per Business Bank Statement - XXXX% Third Party Expense Ratio - A third party expense ratio was used for income calculation. A copy of the CPA license verification is missing from the loan file. CPA - XXXX

CPA license verification provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years and XXXX months at current residence. CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has XXXX years XXXX months at current job. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX%

Complete

305

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

D

A

D

A

CRDTER2548

Missing AUS or AUS errors present

No

According to the 1008 Transmittal Summary and Lock Confirmation loan was underwritten under the XXXX, however, a copy of the DU as stated on the 1008 is missing from the loan file.

AUS provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years and XXXX months at current residence. CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has XXXX years XXXX months at current job. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX%

Complete

306

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4631

Loan parameters do not meet guidelines

No

Lender approved exception to allow brwr to vest in an entity on a second home.

Lender approved exception

Waived

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  789 FICO score exceeds minimum FICO requirements by over 20 points CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI is more than 5 points below maximum DTI requirements.

Complete

307

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 768 is 68 points above the 700 minimum required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA are XXXX months greater than the XXXX months required. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years and XXXX months at current residence.

Complete

308

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

N/A

N/A

D

A

D

A

A

A

N/A

N/A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

Loan is closing in an LLC but is missing Operating agreement, EIN, Articles of Org, Cert of good standing and other relevant LLC Docs.

entity docs provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 794 is 54 points above the 740 minimum allowed.

Complete

309

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past XXXX years - Clayton Comments:  Borrower does not have any major mortgage related occurrences during the past XXXX years. CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has XXXX years XXXX month in profession. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years XXXX months at current residence.

Complete

310

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

B

B

A

A

C

B

C

B

B

B

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3961

TRID - CD: The amount of the periodic escrow payment in the Projected Payments section does not equal the periodic escrow payment disclosed in the Loan Disclosures section

No

Pg 4 of the final CD is missing from the loan file.

Full copy of the final CD provided

Satisfied

Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI 30.98% < 50% GL CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  qualifying credit score 689 > GL 660

Complete

310

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

B

B

A

A

C

B

C

B

B

B

A

A

C

B

Credit

LTV/CLTV

Waived

B

B

B

B

CRDLTV3026

LTV Exceeds Guideline Requirement by at least 5%, but less than 10%

No

5% LTV exception needed for gift of equity LTV maximum.

(No Data)

Exception for LTV approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI 30.98% < 50% GL CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  qualifying credit score 689 > GL 660

Complete

311

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrower has XXXX months in reserves CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX - housing history

Complete

312

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  753 Fico score exceeds the minimum Fico score by more than 20 points CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrower has XXXX months in reserves

Complete

313

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 697 is 37 points above the 660 minimum allowed. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 65% is 15% below the 80% max allowed. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years and 1 month at current residence.

Complete

314

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

N/A

N/A

B

B

B

B

A

A

N/A

N/A

Credit

Credit/Mtg History

Waived

B

B

B

B

CRDCRMH183

Credit report incomplete

No

Approved exception located in loan file for credit report date XXXX days older than URLA application date.

(No Data)

Approved exception located in loan file

(No Data)

Not Applicable

CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal credit utilization ratio of XXXX%. CFCFS3834: Borrower does not have any major mortgage related occurrences during the past XXXX years - Clayton Comments:  Borrower does not have any major mortgage related occurrences during the past XXXX years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 725 is 25 points above the 700 required.

Complete

315

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID5107

TRID - Seller CD not in file; need in order to complete fee entry

No

Missing Seller CD.

(No Data)

Seller CD provided by lender - Exception satisfied.

Not Applicable

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 16.86% is 33.14% below the 50% max allowed. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 772 is 92 points above the 680 minimum allowed.

Complete

315

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Income/Employment

Satisfied

C

A

C

A

CRDINC888

Income Amount is  Unsupported by Documentation in File

No

Loan file is missing XXXX#XXXX statement for the month of XXXX to complete the XXXX month income calculation.

XXXXstatement for the month of XXXX provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 16.86% is 33.14% below the 50% max allowed. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 772 is 92 points above the 680 minimum allowed.

Complete

315

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC3204

Income Documentation Missing

No

Missing lender's bank statement income calculation worksheet

bank statement income calculation worksheet provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 16.86% is 33.14% below the 50% max allowed. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 772 is 92 points above the 680 minimum allowed.

Complete

316

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  743 FICO score exceeds minimum FICO requirements by over 20 points CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  25 months reserves exceeds minimum reserve requirement by more than 6 months

Complete

317

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

Property Valuations

Property

Waived

B

B

B

B

PRVAPROP241

Property Type unacceptable under guidelines

No

According to guidelines, ineligible properties include unique properties. In this case, the subject property has an additional structure. It appears that at one time this structure was utilized as an ADU. However, due to its current condition, it is not considered an ADU, and it is valued as a workshop/storage unit. An exception approval is in the file.

(No Data)

Exception granted dated XXXX is in file.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 35.97% is 14.03% below the 50% allowed. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 54.59% is 25.41% below the 80% LTV allowed.

Complete

318

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is 28.23 months greater than the 6 months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 742 is 42 points above the 700 required.

Complete

319

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

LTV/CLTV

Waived

B

B

B

B

CRDLTV3026

LTV Exceeds Guideline Requirement by at least 5%, but less than 10%

No

According to the underwriting guidelines, the maximum LTV allowed is 75%. In this case, the LTV is 80%, which exceeds the guidelines. An exception approval is in the file.

(No Data)

An exception approval is in the file

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  806 qualifying score is 106 points > 700 requirement. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrowers have low credit utilization of XXXX%.

Complete

319

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4631

Loan parameters do not meet guidelines

No

An exception approval is in the file to allow 80% Cash Out Recently Renovated, XXXX member LLC. XXXX prior XXXX loans for this borrower same situation XXXX

(No Data)

An exception approval is in the file

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  806 qualifying score is 106 points > 700 requirement. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrowers have low credit utilization of XXXX%.

Complete

320

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 722 is 22 points above the 700 minimum allowed. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 47.69% is 27.31% below the 75% max allowed. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX months at current residence.

Complete

321

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  738 FICO score exceeds guidelines by 20 points or more

Complete

322

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV below max by 5% or higher CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves above minimum by XXXX months or higher

Complete

323

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 788 is 128 points above the 660 required. CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXXmonths in profession. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 80% is 5% below the 85% LTV allowed.

Complete

324

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  FICO score above minimum by 20 points or higher CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves above minimum by XXXX months or higher

Complete

325

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX months at current residence. CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXX months at current job. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA are XXXX months greater than the XXXX months required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 755 is 75 points above the 680 minimum allowed.

Complete

326

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Insurance

Satisfied

C

A

C

A

CRDINSR5351

Insurance Effective date is greater than the transaction date

No

The homeowner insurance effective date of XXXX is after the disbursement date of XXXX.

Final CD showing disbursement date of XXXX provided

Condition satisfied.

Not Applicable

Not Applicable

CFCFS2860: Good credit history - Clayton Comments:  No lates listed on the credit report CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Brwr has been at current job more than XXXX years

Complete

327

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence.

Complete

328

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 70% is 5% below the 75% LTV allowed. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years XXXX months at current residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 783 is 83 points above the 700 required.

Complete

329

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

A copy of the purchase contract is missing from the loan file.

Purchase contract provided

Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  698 FICO CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months of reserves

Complete

330

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  718 FICO

Complete

331

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months ITIA is XXXX months greater than the 6 months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  808 FICO exceeds guidelines by more than 20 points

Complete

332

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months reserves exceeds minimum reserve requirement by more than XXXX months CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  782 FICO score exceeds minimum FICO requirements by over 20 points

Complete

333

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER3122

Loan documents do not meet guideline requirements

No

The file is missing the payoff for XXX in the amount of $XXXX

Payoff statement provided

Satisfied

(No Data)

Not Applicable

CFCFS1739: Positive mortgage payment history - Clayton Comments:  XXXX - housing history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  The borrower has XXXX months in reserves

Complete

334

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4643

Borrower does not meet guideline requirements

No

Borrower is first time investor with a DSCR of 0.752 which is less than the minimum DSCR of 1.0 allowed. An exception approval is in the file.

(No Data)

Exception granted dated XXXX is in file.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA vs 0 months reserves required. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXXmonth at current residence.

Complete

335

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX months at current residence. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 66.56% is 8.44% below the 75% max allowed. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA are XXXX months greater than the XXXX months required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 730 is 30 points above 700 minimum allowable.

Complete

336

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months of reserves

Complete

337

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 781 is 121 points above the 660 required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 27.63% is 22.37% below the 50% allowed.

Complete

338

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

D

A

D

A

CRDTER146

Missing lender's loan approval/underwriting form

No

Missing 1008

1008 provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 801 is 121 points above the 680 minimum allowed. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has 8.95% revolving credit utilization.

Complete

339

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

A Warranty Deed was not provided in the loan file.

Warranty Deed provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of 206.77 months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 70% is 15% below the 85% LTV allowed.

Complete

340

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

A

B

A

A

A

A

A

B

A

B

A

A

A

A

A

Credit

Credit/Mtg History

Satisfied

B

A

B

A

CRDCRMH121

Bankruptcy history does not meet guidelines

No

The XXXX filed XXXX does not reflect a discharged/dismissed date, the credit report does not reflect the XXXX filing information. The final decree indicates a discharged date of XXXX Per the XXXX guidelines, a minimum XXXX years XXXX seasoning is required for the XXXX

Loan was approved under the XXXX per XXXX.

Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 695 is 55 points above the 640 required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 7.45% is 42.55% below the 50% allowed. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 70% is 10% below the 80% LTV allowed. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

341

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC3204

Income Documentation Missing

No

Missing the Business Narrative for XXXX

Business Narrative provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 792 exceeds the guideline of 700. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 17.60% is below the guideline requirement of 50%. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX+ months.

Complete

342

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 754 is 114 points above the 640 required. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence.

Complete

343

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 737 is 97 points above the 640 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months ITIA is XXXX months greater than the 6 months reserves required.

Complete

344

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 755 is 75 points above the 680 required.

Complete

345

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID5107

TRID - Seller CD not in file; need in order to complete fee entry

No

Missing Seller CD.

(No Data)

Lender provided Sellers CD - Exception satisfied.

Not Applicable

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV is more than 5 points below maximum LTV requirements CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  807 FICO score exceeds minimum FICO requirements by over 20 points

Complete

345

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Application

Satisfied

D

A

D

A

CRDAPP130

Application is incomplete

No

The final 1003 is missing

final 1003 provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV is more than 5 points below maximum LTV requirements CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  807 FICO score exceeds minimum FICO requirements by over 20 points

Complete

345

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2550

Missing HUD-1 from sale of property

No

The final/executed HUD from the sale of XXXX is missing.  The estimated HUD shows XXXX net proceeds and final CD for the subject shows credit of XXXX.

Final executed Hud provided.

Condition satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV is more than 5 points below maximum LTV requirements CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  807 FICO score exceeds minimum FICO requirements by over 20 points

Complete

345

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

The 1008 is missing

1008 provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV is more than 5 points below maximum LTV requirements CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  807 FICO score exceeds minimum FICO requirements by over 20 points

Complete

345

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Terms/Guidelines

Satisfied

D

A

D

A

CRDTER2548

Missing AUS or AUS errors present

No

The AUS is missing (loan is coded as flex so DU/LP is required)

AUS provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV is more than 5 points below maximum LTV requirements CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  807 FICO score exceeds minimum FICO requirements by over 20 points

Complete

346

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments:  46.88% LTV CFCFS1739: Positive mortgage payment history - Clayton Comments:  XXXX

Complete

347

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

N/A

N/A

B

B

B

B

A

A

N/A

N/A

Credit

Credit/Mtg History

Waived

B

B

B

B

CRDCRMH193

Length of mortgage/rental history in file does not meet guideline requirement

No

Private mortgage payment history was obtained via VOM. Lender approval is in file.

(No Data)

Lender approval is in file.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA are XXXX months greater than the XXXX months required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 691 is 31 points above the 660 minimum allowed. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 62.83% is 7.17% below the 7% max allowed.

Complete

347

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

N/A

N/A

B

B

B

B

A

A

N/A

N/A

Credit

Legal Documents

Waived

B

B

B

B

CRDLGL4033

Missing Legal Document(s)

No

Borrower does not have a private road agreement which was approved via XXXX

(No Data)

approved via XXXX

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA are XXXX months greater than the XXXX months required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 691 is 31 points above the 660 minimum allowed. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 62.83% is 7.17% below the 7% max allowed.

Complete

348

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 781 is 81 points above the 700 minimum allowed. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 33.15% is 16.85% below the 50% max allowed.

Complete

349

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 17.31% is 32.69% below the 50% max allowed. CFCFS1737: LTV below guideline requirements - Clayton Comments:  70% LTV is 10% below the 80% max allowed.

Complete

350

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

No

Zero Tolerance Fee of $XXXX due to Appraisal Disk Review Fee increased from $XXXX on LE XXXX to $XXXX on CD XXXX   Missing a valid Change of Circumstance, LOX and copy of refund check to borrower

LOE and COC provided

Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 35.75% is 14.25% below the 50% allowed. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 33.33% is 46.67% below the 80% LTV allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 729 is 69 points above the 660 required.

Complete

351

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months reserves required.

Complete

352

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1739: Positive mortgage payment history - Clayton Comments:  XXXX CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves: $XXXX months PITIA

Complete

353

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments:  54.55% LTV < 75% GL CFCFS1739: Positive mortgage payment history - Clayton Comments:  XXXX

Complete

354

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 24.72% is 25.28% below the 50% max allowed. CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXX month at current job. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 784 is 124 points above the 660 minimum allowed.

Complete

355

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  FICO score above minimum by 20 points or higher CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves above minimum by XXXX months or higher

Complete

356

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2860: Good credit history - Clayton Comments:  XXXXmonths CFCFS1739: Positive mortgage payment history - Clayton Comments:  XXXX months

Complete

357

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

Compliance

State Consumer Protection

Satisfied

D

A

D

A

CMPSTCP2057

XXXX Pred Lend Database - No Cert of Compliance or Cert of Exemption in file

No

Missing XXXX Certificate of Compliance or Certificate of Exemption.

(No Data)

Lender provided XXXX Anti predatory Doc. - Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 15.52% is 34.48% below the 50% max allowed. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has 26.85% revolving credit utilization. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 714 is 34 points above the 680 minimum allowed. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months required reserves.

Complete

358

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

A

B

B

A

A

D

B

D

A

B

B

A

A

Credit

Credit/Mtg History

Satisfied

D

A

D

A

CRDCRMH149

Missing support docs for VOM/VOR (e.g. cancelled checks)

No

Borrower was been living rent free for XXXX month per 1003 and previously owned for XXXX years, however, other than the rent free letter, no additional VOM was provided to support last XXXX months.

(No Data)

Bank statement printout provided showing mortgage history

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 61.98% is 18.02% below the 80% LTV allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 699 is 59 points above the 640 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of 24.58 months PITIA is 18.58 months greater than the 6 months reserves required.

Complete

358

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

A

B

B

A

A

D

B

D

A

B

B

A

A

Property Valuations

Property

Waived

B

B

B

B

PRVAPROP241

Property Type unacceptable under guidelines

No

According to guidelines, property types with irregular or non-residential zoning are ineligible. In this case, the subject has no zoning. An exception approval is in the file.

(No Data)

Exception granted dated XXXX is in file.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 61.98% is 18.02% below the 80% LTV allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 699 is 59 points above the 640 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months reserves required.

Complete

359

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Credit score 720 is above guideline minimum of 680 CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV 80% is below guideline maximum of 90% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Post close assets are XXXX

Complete

360

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

C

A

C

A

A

A

N/A

N/A

C

A

C

A

A

A

N/A

N/A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER5785

XXXX Delivery Restrictions -1

No

The loan file does not contain the amortization schedule.

Amortization schedule provided to satisfy

Satisfied

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments:  Borrower has good credit history with 0x30 on mortgage accounts. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 802 is 102 points above the 700 required.

Complete

361

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER3122

Loan documents do not meet guideline requirements

No

An Exception Approval was placed in the loan file for credit; borrower lives rent free, borrower spouse owns current mortgage but housing payment is being paid by other person on mortgage which is the XXXX-in-law.

(No Data)

Exception for borrower living rent free approved by XXXX and in loan file.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  801 qualifying score is 101 points > 700 requirement. CFCFS1737: LTV below guideline requirements - Clayton Comments:  67.74% LTV is low.

Complete

362

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves above minimum by XXXX months or higher CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  FICO score above minimum by 20 points or higher

Complete

363

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years at current residence. CFCFS1739: Positive mortgage payment history - Clayton Comments:  Borrowers have XXXX months mortgage payment history XXXX. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal usage of available revolving credit lines @ XXXX%

Complete

364

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITI exceeds the XXXX months reserves requirement. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments:  Mortgage payment history is XXXX months.

Complete

365

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4238

Business entity does not meet guidelines

No

The Operating agreement does not specify real estate purpose.  The Entity is XXXX A Florida Limited Liability Company. Date Operating agreement entered is XXXX. Good standing letter was provided dated XXXX. EIN and Articles of Organization in file. An exception approval is in the file

(No Data)

An exception approval is in the file

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 698 is 58 points above the 640 required.

Complete

366

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITIA is XXXX months greater than the XXXX months reserves required.

Complete

367

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXX years and XXXX months at current job. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 784 is 84 points above the 700 minimum allowed. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX years and XXXX months at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves oXXXX months required.

Complete

368

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

A

B

A

A

A

A

A

B

A

B

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

B

A

B

A

CRDTER2850

ARM terms do not meet guidelines

No

repushed

(No Data)

repushed

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments:XXXX months CFCFS2854: Significant time in profession - Clayton Comments:  XXXXmos

Complete

369

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

A

A

B

B

N/A

N/A

B

B

A

A

B

B

N/A

N/A

Property Valuations

Property

Waived

B

B

B

B

PRVAPROP177

Property Issues Indicated

No

Subject property is a XXXX-unit rowhome which is not allowed per XXXX guidelines

(No Data)

Exception approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying credit score 780 > GL 640 CFCFS2860: Good credit history - Clayton Comments:  XXXX months

Complete

370

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER5785

XXXX Delivery Restrictions -1

No

Borrower is a FTH/ FTI, motivation letter for why borrower is purchasing an investment property without owning a primary residence in file.

(No Data)

Exception approved by XXXX and in file.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  775 FICO CFCFS1737: LTV below guideline requirements - Clayton Comments:  66.67% LTV CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  XXXX months of reserves

Complete

371

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Assets

Satisfied

C

A

C

A

CRDAST205

Insufficient Funds to Close

No

According to the Final 1003, the primary residence was pending sale and the net proceeds are being used for qualifying assets, however, no evidence of the sale and cash to borrower were provided in the loan file. Loan is short funds to close in the amount of $XXXX and XXXX months reserves in the amount of $XXXX

HUD verifying funds to close provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 737 is 77 points above the 660 required.

Complete

371

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC3204

Income Documentation Missing

No

The loan was approved as a XXXX months bank statement program utilizing two sets of bank statements, XXXX #XXXX andXXXX XXXX. TheXXXX statement for XXXX was not provided in the loan file.

bank statement provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 737 is 77 points above the 660 required.

Complete

372

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 75% is 10% below the 85% max allowable. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 724 is 44 points above the 680 minimum allowed.

Complete

373

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER3122

Loan documents do not meet guideline requirements

No

Approved exception allowing for a mandatory annual country club membership fee of $XXXX. This is in addition to the monthly HOA fees.

Approved exception in file

Waived

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 66.26% is 8.74% below the 75% LTV allowed. CFCFS5269: Minimal use of credit - Clayton Comments:  Minimal credit utilization ratio of XXXX%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 806 is 86 points above the 720 required.

Complete

374

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

N/A

N/A

D

A

D

A

A

A

N/A

N/A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

Loan file is closing in an LLC but missing LLC docs like Operating agreement, Certificate of Good Standing, Articles of Org and EIN.

LLC docs provided

Condition satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months required. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 64.22 is 10.88% below the program max of 75%.

Complete

375

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Credit/Mtg History

Waived

B

B

B

B

CRDCRMH193

Length of mortgage/rental history in file does not meet guideline requirement

No

Missing XXXX months of Mortgage payment history for the XXXX mortgages held by XXXX that were paid/released with the sale of XXXX. Have XXXX months of rental payment history from XXXX (rents the property she used to own).

An exception was approved for the guideline deviation.

waived

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITII exceed the XXXX months reserves requirement. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 757 exceeds the guideline of 620. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 69.47% is below the guideline maximum of 80%.

Complete

375

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

Missing the Warranty Deed.

Warranty Deed provided.

cleared

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITII exceed the XXXX months reserves requirement. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 757 exceeds the guideline of 620. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 69.47% is below the guideline maximum of 80%.

Complete

376

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

State High Cost

Satisfied

B

B

B

B

CMPSTHC320

XXXX High-Cost Loan by exceeding point and fee threshold

No

XXXX High-Cost Loan by exceeding point and fee threshold

(No Data)

PPCD dated XXXX and Tolerance cure certification letter from lender located in file. Condition Satisfied

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments:  28.67% LTV is low. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has low credit utilization of XXXX%.

Complete

377

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

N/A

N/A

A

A

A

A

A

A

N/A

N/A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months PITI exceed the 6 months reserves requirement. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 749 exceeds the guideline of 660. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 24.90% is below the guideline of 50%.

Complete

378

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2854: Significant time in profession - Clayton Comments:  Brwr has been in current profession XXXX years per application CFCFS1744: DTI below guideline requirement - Clayton Comments:  DTI is more than 5 points below maximum DTI requirements

Complete

379

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 24.04% is 25.96% below the 50% max allowed. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 749 is 89 points above the 660 minimum allowed.

Complete

380

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

Compliance

Documentation

Satisfied

D

A

D

A

CMPDOC3280

One or more Applications in file are incomplete

No

Missing page 7 of final 1003.

Complete 1003 provided

Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 38.74% is 11.26% below the 50% max allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 806 is 126 points above the 680 minimum allowed. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months required reserves.

Complete

381

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXXmonths required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying FICO OF 39.73% is 10.27% below the 50% max allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 728 is 68 points above the 660 minimum allowed. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization.

Complete

382

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

B

B

D

A

A

A

D

B

B

B

D

A

A

A

Credit

Insurance

Waived

B

B

B

B

CRDINSR289

Insufficient Hazard Insurance Coverage

No

Subject property is a Condo with unit policy and Master policy.

(No Data)

Subject property is a Condo with unit policy and Master policy.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 38.53% is 11.47% below the 50% allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 758 is 98 points above the 660 required.

Complete

382

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

B

B

D

A

A

A

D

B

B

B

D

A

A

A

Property Valuations

Property

Satisfied

D

A

D

A

PRVAPROP132

Missing HOA Certificate/Questionnaire

No

Provide a document in the file that verifies whether the property was warrantable or non-warrantable

warrantable condo per 1008

Condition satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 38.53% is 11.47% below the 50% allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 758 is 98 points above the 660 required.

Complete

383

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL4033

Missing Legal Document(s)

No

The final amortization schedule is missing from the loan file.

The Am schedule provided.

Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 811 is 111 points above the 700 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Total Assets used for reserves: XXXX5 months PITIA. Required reserves XXXX months PITIA. CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 59.39% is 15.61% below the 75% LTV allowed.

Complete

384

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 37.75% is 12.25% below the 50% allowed. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months greater than the XXXX months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 775 is 115 points above the 660 required.

Complete

385

XXXXXX

XXXXXX

XXXXXX

(No Data)

ATR/QM: Exempt

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments:  LTV of 14.49% is 60.51% below the 75% LTV allowed. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments:  Reserves of XXXX months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 755 is 55 points above the 600 required.

Complete

386

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments:  Borrower has XXXX months at current job. CFCFS5269: Minimal use of credit - Clayton Comments:  Borrower has XXXX% revolving credit utilization. CFCFS1736: Significant time at current residence - Clayton Comments:  Borrower has XXXX months at current residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 684 is 24 points above the 660 minimum allowed. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI of 36.89% is 13.11% below the 50% max allowed.

Complete

387

XXXXXX

XXXXXX

XXXXXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2854: Significant time in profession - Clayton Comments:  Borrower has been in same profession for XXXX years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments:  Qualifying FICO of 680 is 20 points above the 660 required. CFCFS1744: DTI below guideline requirement - Clayton Comments:  Qualifying DTI (Back) of 43.66% is 6.34% below the 50% allowed.

Complete