Exhibit 99.03 Schedule 1
| Loan ID | Customer Loan ID | Seller Loan ID | Note Date | Original Loan Amount | Last Name | Property State | Occupancy | Purpose | Originator QM Status | TPR QM Status | Exception ID | Exception Number | Exception Date | Exception Type | Exception Subcategory | Exception | Exception Remedy | Rebuttal | TPR Response | Compensating Factors | Status Update Date | Finding Status | Initial Exception Grade | Final Exception Grade | Initial Loan Grade | Final Loan Grade |
| 4000098312 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | IL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Credit | Income 6 Months Income Verified is Missing | Income 6 months income
verified is missing. Need mortgage statement to verify PITIA payment for
xxxxxx |
LOE _UW RESPONSE -
xxxxxx |
Per Note provided for the
property in question. 1st payment date
is xxxxxx. Condition resolved. - xxxxxx Income 6 Months Income Verified is Present Or Not Applicable - xxxxxx LOE _UW RESPONSE - xxxxxx |
2025-12-05 15:13 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000098312 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | IL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2025-11-25 19:31 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000098312 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | IL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2025-11-25 19:31 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000099069 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 5 | xxxxxx | Credit | Borrower 1 Gap Credit Report is Missing | Borrower 1 Gap Credit
Report is Missing The lender's guidelines require an alternate confirmation
that there is no new debt using a new credit report, pre-close credit score
soft-pull or gap report. The loan file does not contain the required report. |
Attached - xxxxxx |
Borrower 1 Gap Credit
Report is not missing. - xxxxxx Attached - xxxxxx |
2025-12-04 04:47 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000099069 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 5 | xxxxxx | Credit | Borrower 2 Gap Credit Report is Missing | Borrower 2 Gap Credit
Report is Missing The lender's guidelines require an alternate confirmation
that there is no new debt using a new credit report, pre-close credit score
soft-pull or gap report. The loan file does not contain the required report. |
Attached - xxxxxx |
UDM Report provided. Condition resolved. - xxxxxx Borrower 2 Gap Credit Report is not missing. - xxxxxx Attached - xxxxxx |
2025-12-04 04:46 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000099069 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 5 | xxxxxx | Credit | Hazard Insurance Policy is Partial | Hazard insurance policy
partially provided. Missing evidence of Rent Loss Insurance for the subject
property. Guidelines require at least
six (6) months of local average monthly.
|
Attached - xxxxxx Condition upheld. Page 11 > Coverage D (Loss of Use) > Paragraph 2 states: If a loss covered under this Section makes that part of the "residence premises" rented to others or held for rental by you not fit to live in, we cover the: Fair Rental Value, meaning the fair rental value of that part of the "residence premises" rented to others or held for rental by you less any expenses that do not continue while the premises is not fit to live in. Payment will be for the shortest time required to repair or replace that part of the premises rented or held for rental. What is the "Fair Rental Value Amount"? And what is the number of months in the "shortest time required" This has to be stated and shown. - xxxxxx Please see Page 11 > Coverage D (Loss of Use) > Paragraph 2. - xxxxxx please see the latest attached from their insurance company. Please see their Table of contents. - xxxxxx |
Hazard Insurance Policy is
fully present - xxxxxx Explanation from HOI provided. Condition resolved. - xxxxxx Attached - xxxxxx Condition upheld. Page 11 > Coverage D (Loss of Use) > Paragraph 2 states: If a loss covered under this Section makes that part of the "residence premises" rented to others or held for rental by you not fit to live in, we cover the: Fair Rental Value, meaning the fair rental value of that part of the "residence premises" rented to others or held for rental by you less any expenses that do not continue while the premises is not fit to live in. Payment will be for the shortest time required to repair or replace that part of the premises rented or held for rental. What is the "Fair Rental Value Amount"? And what is the number of months in the "shortest time required" This has to be stated and shown. - xxxxxx Condition upheld. Page 11 > Coverage D (Loss of Use) > Paragraph 2 states: If a loss covered under this Section makes that part of the "residence premises" rented to others or held for rental by you not fit to live in, we cover the: Fair Rental Value, meaning the fair rental value of that part of the "residence premises" rented to others or held for rental by you less any expenses that do not continue while the premises is not fit to live in. Payment will be for the shortest time required to repair or replace that part of the premises rented or held for rental. What is the "Fair Rental Value Amount"? And what is the number of months in the "shortest time required" This has to be stated and shown. - xxxxxx Please see Page 11 > Coverage D (Loss of Use) > Paragraph 2. - xxxxxx Condition upheld. Provide Evidence of Rent Loss Insurance for the subject property. Guidelines require at least six (6) months of local average monthly. Rent Loss Coverage is still blank. - xxxxxx please see the latest attached from their insurance company. Please see their Table of contents. - xxxxxx |
2026-01-12 18:48 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000099069 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 5 | xxxxxx | Property | Property Issue - Ineligible Property | The subject is an
ineligible property and not allowed per guidelines. Per the lender's
guidelines, Mixed Use properties are not eligible. The Borrower's hazard
insurance policy with xxxxxx lists the following endorsement for a xxxxx:
xxxxx Home xxx xx (xx xx xx xx xx).
|
attached - xxxxxx please see the latest attached from their insurance company. Please see their Table of contents. - xxxxxx |
Explanation provided from
Insurance Company. xxxxxx said that
the “xxxxxx” is listed as an option to have on the policy but it is not
actually included in this specific policy.
Condition resolved. - xxxxxx attached - xxxxxx Condition upheld. Page 5 of the document provided still has an endorsement for: xxxxxx xxxx xxx xxx (xx xx xx xx xx) - xxxxxx please see the latest attached from their insurance company. Please see their Table of contents. - xxxxxx |
2026-01-12 18:50 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000099069 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 5 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2025-12-02 18:41 | Cleared | 1 | 1 | 4 | 1 | ||||
| 4000102043 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | NC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-02-10 00:51 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000102043 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | NC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Lener to provide a corrected lock agreement, the one provided indicates
Property Usage Type: Investment Property but this is a 2nd Home Purchase
transaction. |
Attached - xxxxxx |
Evidence of Rate Lock
Provided - xxxxxx Attached - xxxxxx |
2026-01-07 19:33 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000102043 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | NC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2025-12-29 18:27 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000103262 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | PA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2025-12-27 17:17 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000103262 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | PA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Property | No Property Findings | Loan meets applicable
appraisal guidelines. |
2025-12-27 17:18 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000103262 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | PA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2025-12-29 15:40 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000103385 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | NC | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Credit | Income and Employment Do Not Meet Guidelines | Income and employment do
not meet guidelines. Income of $xxxxxx month appears to be from an IRA
regular distribution of $xxxxxx monthly. Per FNMA guidelines, a continuance
of 3 years is required to be able to use this for income. Documentation was
not found in the loan documents to support that this income had a 3 year
continuance. |
The distribution is already
set up, balance of account end of xxxxxx was $xxxxxx. $xxxxxx x 36 mos = $xxxxxx Continuance
should be acceptable. - xxxxxx |
Evidence of IRA
Distribution continuance was provided.
Condition resolved. - xxxxxx Income and Employment Meet Guidelines - xxxxxx The distribution is already set up, balance of account end of xxxxxx was $xxxxxx. $xxxxxx x 36 mos = $xxxxxx. Continuance should be acceptable. - xxxxxx |
2026-02-06 05:38 | Resolved | 3 | 1 | 3 | 1 | ||
| 4000103385 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | NC | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2025-12-31 19:06 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000103385 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | NC | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
2026-02-02 19:13 | Cleared | 1 | 1 | 3 | 1 | |||
| 4000104361 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | AZ | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-01-02 23:46 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000104361 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | AZ | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Property | No Property Findings | Loan meets applicable
appraisal guidelines. |
2026-01-02 23:46 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000104361 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | AZ | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-01-05 14:03 | Cleared | 1 | 1 | 1 | 1 | ||||
| 4000105174 | xxxxxx | xxxxx | xxxxx | TX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-01-12 19:32 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000105174 | xxxxxx | xxxxx | xxxxx | TX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-01-12 22:53 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000105174 | xxxxxx | xxxxx | xxxxx | TX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-01-12 22:53 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000109604 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Credit | Borrower 1 Executed 4506-T Missing | Borrower 1 Executed 4506-T
missing from the file. Provide an executed 4506-C for the borrower as
required per the AUS. |
xxxxxx 4506 - xxxxxx |
Borrower 1 Executed 4506-T
Provided - xxxxxx xxxxxx 4506 - xxxxxx |
2026-02-19 21:48 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000109604 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Credit | Borrower 2 Executed 4506-T Missing | Borrower 2 Executed 4506-T
missing from the file. Provide an executed 4506-C for the coborrower as
required per the AUS. |
xxxxxx_4506 - xxxxxx |
Borrower 2 Executed 4506-T
Provided - xxxxxx xxxxxx_4506 - xxxxxx |
2026-02-19 21:48 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000109604 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-02-18 19:29 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000109604 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-02-18 19:29 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000109848 | xxxxxx | xxxxx | xxxxx | OR | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU and LPA with risk score of 1.0 and a Clear
Capital CDA with Low Risk score and CDA Value to appraisal with a 0.00%
variance as required per the guidelines.
|
2026-02-10 20:40 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000109848 | xxxxxx | xxxxx | xxxxx | OR | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-02-10 23:03 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000109848 | xxxxxx | xxxxx | xxxxx | OR | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-02-11 22:58 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000110018 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | AZ | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
2026-02-28 17:04 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000110018 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | AZ | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
2026-02-28 17:04 | Cleared | 1 | 1 | 4 | 1 | |||
| 4000110018 | xxxxx | xxxxx | xxxxxx | xxxxx | xxxxx | AZ | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Property | Appraisal is Missing | The file is missing the
appraisal. |
FILE AUS 6 SHOWS PIW SFC
801, ALSO AVM IN FILE - xxxxxx |
AUS received a PIW. -
xxxxxx Appraisal is Present or is Waived - xxxxxx FILE AUS 6 SHOWS PIW SFC 801, ALSO AVM IN FILE - xxxxxx |
xxxxxx 13:34 | Resolved | 4 | 1 | 4 | 1 | ||
| 4000111222 | xxxxx | xxxxxx | xxxxx | xxxxx | MD | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 5 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. The loan file is missing the mortgage statement for xx xxxx
xx. |
This is a HELOC there is no
mortgage statement for it. - xxxxxx |
Credit Supplement located
in the loan file. Condition resolved.
- xxxxxx This is a HELOC there is no mortgage statement for it. - xxxxxx |
2026-02-20 16:33 | Resolved | 3 | 1 | 3 | 1 | |||
| 4000111222 | xxxxx | xxxxxx | xxxxx | xxxxx | MD | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 5 | xxxxxx | Credit | Hazard Insurance Policy is Partial | Hazard insurance policy
partially provided. The loan file contains the HOI; however, the rent loss
policy is missing. |
This does include the rent
loss coverage of $xxxxxx. - xxxxxx
Attached full contract - xxxxxx The current property HOI is a rental coverage policy. - xxxxxx |
Rent loss coverage
confirmed, condition resolved. -
xxxxxx This does include the rent loss coverage of $xxxxxx. - xxxxxx Condition upheld. Provide the amount of the Rent Loss Coverage. - xxxxxx Attached full contract - xxxxxx Condition upheld. Provide an HOI Policy that shows the amount of the rent loss coverage. - xxxxxx The current property HOI is a rental coverage policy. - xxxxxx |
xxxxxx 15:49 | Resolved | 3 | 1 | 3 | 1 | |||
| 4000111222 | xxxxx | xxxxxx | xxxxx | xxxxx | MD | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 5 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-02-16 20:58 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000111222 | xxxxx | xxxxxx | xxxxx | xxxxx | MD | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 5 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-02-17 19:12 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000111222 | xxxxx | xxxxxx | xxxxx | xxxxx | MD | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 5 | xxxxxx | Property | Property Inspection Waiver | Appraisal Waiver used as
Primary Value. Allowed per guidelines - xxxxxx |
2026-06-15 20:27 | Acknowledged | 1 | 1 | 3 | 1 | |||||
| 4000111224 | xxxxxx | xxxxx | xxxxx | CA | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Compliance | Federal - Closing Disclosure and Consummation Date | The Initial Closing
Disclosure Received Date of (xxxxxx) is not three business days before the
consummation date of (xxxxxx). Three business days before the consummation
date is (xxxxxx). Under Regulation Z, a consumer must receive the Initial
Closing Disclosure reflecting the actual terms of the transaction no later
than three business days before consummation. (12 CFR 1026.19(f)(1)(ii)(A));
1026.19(f)(1)(iii)) The Initial Closing Disclosure Received Date of (xxxxxx)
is not three business days before the consummation date of (xxxxxx). xxxxxx
was a federal holiday. |
CLOSING DISCLOSURE -
xxxxxx |
Received initial CD -
xxxxxx Resolved - xxxxxx CLOSING DISCLOSURE - xxxxxx |
2026-02-04 16:18 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000111224 | xxxxxx | xxxxx | xxxxx | CA | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. |
LOCK CONFIRMATION - xxxxxx |
Evidence of Rate Lock
Provided - xxxxxx LOCK CONFIRMATION - xxxxxx |
xxxxxx lock confirmation and seller lock agreement missing from the loan file. | 2026-02-03 13:12 | Resolved | 3 | 1 | 3 | 1 | |||
| 4000111224 | xxxxxx | xxxxx | xxxxx | CA | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-01-31 23:20 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000111340 | xxxxxx | xxxxx | xxxxx | WA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 5 | xxxxxx | Credit | Borrower 2 W2/1099 Less Than 24 Months Provided | Borrower 2 W2/1099 less
than 24 months provided. Please provide the co-borrower’s xxxxxx W-2. The
xxxxxx W-2 does not reflect a full year of earnings and is insufficient to
document annual income. |
W-2's provided. Condition
resolved. - xxxxxx W2s - xxxxxx |
W-2's provided. Condition
resolved. - xxxxxx W-2's provided. Condition resolved. - xxxxxx Borrower 2 W2/1099 Less Than 24 or More Months Provided Condition Resolved or Not Applicable (Number of Borrowers equals 2) - xxxxxx W2s - xxxxxx |
2026-03-04 22:15 | Resolved | 1 | 1 | 3 | 1 | ||||
| 4000111340 | xxxxxx | xxxxx | xxxxx | WA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 5 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-02-28 21:17 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000111340 | xxxxxx | xxxxx | xxxxx | WA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 5 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-02-28 21:18 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000111340 | xxxxxx | xxxxx | xxxxx | WA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 5 | xxxxxx | Credit | Hazard Insurance Coverage Amount is less than Required Coverage Amount | Coverage Amount - Hazard
insurance amount is less than required coverage amount. The hazard coverage
of $xxxxxx is less than the loan amount of $xxxxxx. Please provide the policy
that shows sufficient coverage or the replacement cost estimate as well as the
updated Mortgagee. |
RCE - xxxxxx |
RCE Provided. HOI Policy has sufficient coverage and
replacement cost. - xxxxxx Coverage Amount - Hazard Insurance of $xxxxxx is equal to or greater than Required Coverage Amount of $xxxxxx - xxxxxx RCE - xxxxxx |
2026-03-04 21:59 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000111340 | xxxxxx | xxxxx | xxxxx | WA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 5 | xxxxxx | Credit | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Verification of Rent
(VOR)/Verification of Mortgage (VOM) Document is incomplete. Per the final
1003, the borrowers are renting xxxxxx. Per the AUS, the amount of the rental
housing expense must be verified and documented using a copy of a current fully executed lease agreement and two months cancelled checks/equivalent payment source. The lease is in the file along with 1 month of proof of receipt for xxxxxx. Please provide an additional month of proof of receipt. |
PROOF OF RENTAL
PAYMENTS - xxxxxx |
Evidence of payments
provided. Condition resolved. -
xxxxxx Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - xxxxxx PROOF OF RENTAL PAYMENTS - xxxxxx |
2026-03-04 22:09 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000112534 | xxxxx | xxxxxx | xxxxx | xxxxx | NY | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 7 | xxxxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. Provide the Third-Party Fraud Report/OFAC verification for Borrower.
|
FRAUD REPORT - xxxxxx |
Fraud Report
provided. Condition resolved. -
xxxxxx Third party fraud report is provided - xxxxxx FRAUD REPORT - xxxxxx |
2026-03-04 14:50 | Resolved | 3 | 1 | 4 | 1 | |||
| 4000112534 | xxxxx | xxxxxx | xxxxx | xxxxx | NY | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 7 | xxxxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. |
INVESTOR LOCK - xxxxxx rate lock le - xxxxxx |
Lock provided. - xxxxxx INVESTOR LOCK - xxxxxx Condition upheld. Provide lock between xxxxxx and xxxxxx. - xxxxxx rate lock le - xxxxxx |
2026-03-11 13:38 | Resolved | 3 | 1 | 4 | 1 | |||
| 4000112534 | xxxxx | xxxxxx | xxxxx | xxxxx | NY | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 7 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. |
INVESTMENT PROPERTY - xxxxxx |
REO Docs provided. Condition resolved. - xxxxxx INVESTMENT PROPERTY - xxxxxx |
Please provide the mortgage statement for xxxxxx for the property located at xxxxxx along with the lease agreement supporting rental income of $xxxxxx per month, as indicated on the final 1003. | 2026-03-04 15:09 | Resolved | 3 | 1 | 4 | 1 | ||
| 4000112534 | xxxxx | xxxxxx | xxxxx | xxxxx | NY | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 7 | xxxxxx | Credit | Missing VOM or VOR | Verification of Rent
(VOR)/Verification of Mortgage (VOM) Document is Missing. The borrower is
renting the residence located at xxxxxx. Please provide the lease agreement
to validate the payments shown on the bank statements. |
VOR - xxxxxx |
VOR provided. Condition resolved. - xxxxxx Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - xxxxxx VOR - xxxxxx |
2026-03-04 15:14 | Resolved | 3 | 1 | 4 | 1 | |||
| 4000112534 | xxxxx | xxxxxx | xxxxx | xxxxx | NY | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 7 | xxxxxx | Credit | Mortgage Insurance Cert Missing | Per item 10 of the AUS,
mortgage insurance is required, but the mortgage insurance cert is not
located in the loan file. Mortgage
Insurance is present but mortgage insurance cert is missing. Mortgage
Insurance with 12% coverage required.
Mortgage Insurance is present but mortgage insurance cert is missing.
|
MI is not needed as in NY
you go off of the appraised value. -
xxxxxx |
Mortgage Insurance is
Present and Mortgage Insurance Cert has been provided or Mortgage Insurance
is not Present - xxxxxx MI is not required. Subject property is located in NY, and per NY law the Appraised value is used. - xxxxxx Mortgage Insurance is Present and Mortgage Insurance Cert has been provided or Mortgage Insurance is not Present - xxxxxx MI is not needed as in NY you go off of the appraised value. - xxxxxx |
2026-05-27 20:49 | Resolved | 4 | 1 | 4 | 1 | |||
| 4000112534 | xxxxx | xxxxxx | xxxxx | xxxxx | NY | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 6 of 7 | xxxxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. |
SSR - xxxxxx |
CU and LCA provided. Condition resolved. - xxxxxx SSR - xxxxxx |
2026-03-04 15:01 | Resolved | 3 | 1 | 4 | 1 | |||
| 4000112534 | xxxxx | xxxxxx | xxxxx | xxxxx | NY | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 7 of 7 | xxxxxx | Credit | Eligibility - Borrower Identity | The loan file reflected
potential identity issues. Provide verification and validation of SSN. The card alone does not verify. |
SSN - xxxxxx |
SSN Verification
provided. - xxxxxx SSN - xxxxxx |
2026-03-11 13:39 | Resolved | 3 | 1 | 4 | 1 | |||
| 4000113105 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-03-30 21:25 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000113105 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Credit | Income - Income Documentation Missing | The loan file did not
contain the required income documentation. The co-borrower receives VA
disability income. The award letter provided is dated xxxxxx; however, the
Note date is xxxxxx, making the documentation 474 days old. Evidence of
current receipt of this income is not included in the loan file. Per
guidelines, documentation must meet age requirements to verify that the
income is actively being received. |
Attached - xxxxxx |
Current Award Letter
provided. Condition resolved. -
xxxxxx Attached - xxxxxx |
2026-04-06 20:57 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000113105 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Property | No Property Findings | Loan meets applicable
appraisal guidelines. |
2026-03-30 21:24 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000113592 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-03-16 17:14 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000113592 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-03-16 17:14 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000113592 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Credit | Eligibility - Trust Review Documentation | The loan file did not
contain an attorney opinion letter or trust review documentation as required.
The loan was approved using assets from the Revocable Living xxxxxx trust.
Documentation showing the borrower has access to these funds is missing from
the loan file. |
LP , 1008 - xxxxxx GIFT LETTER - xxxxxx LOE_UW RESPONSE - xxxxxx |
New AUS(LP) and 1008 were
provided. Condition resolved. - xxxxxx LP , 1008 - xxxxxx Condition upheld. AUS does not state a gift will be used, nor does it state Trust Assets will be used. Provide corrected AUS. - xxxxxx GIFT LETTER - xxxxxx Document Uploaded. Condition upheld. See the attached FNMA Seller guide (FNMA TRUST ACCOUNTS) on Trust accounts and provide the required documentation or an Approved Exception from xxxxxx. - xxxxxx LOE_UW RESPONSE - xxxxxx |
2026-04-06 17:04 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000113864 | xxxxxx | xxxxx | xxxxx | VA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 10 | xxxxxx | Credit | Borrower 1 3rd Party VOE Prior to Close Missing | Borrower 1 3rd party VOE
prior to close missing. Lender to provide the 10 day pre-closing VVOE for the
borrower |
See attached - xxxxxx |
Borrower 1 3rd Party VOE
prior to close was provided. - xxxxxx See attached - xxxxxx |
xxxxxx 21:25 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000113864 | xxxxxx | xxxxx | xxxxx | VA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 10 | xxxxxx | Credit | Gift Letter - No Evidence for Transfer of Funds | No evidence of the transfer
of gift funds from the donor to the borrower was located in the file. Lender
to provide the donor's bank statement and wire transfer of gift funds to
title in the amount of $xxxxxx |
Gift funds at closing - xxxxxx |
Proof of gift checks
provided, condition resolved. -
xxxxxx Gift funds at closing - xxxxxx |
xxxxxx 21:28 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000113864 | xxxxxx | xxxxx | xxxxx | VA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 10 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
2026-02-28 17:44 | Cleared | 1 | 1 | 4 | 1 | |||||
| 4000113864 | xxxxxx | xxxxx | xxxxx | VA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 10 | xxxxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. |
See attached - xxxxxx See attached - xxxxxx |
AVM with CS score of 89
was provided. Condition resolved. -
xxxxxx See attached - xxxxxx Condition upheld. Provide AVM from an Approved vender per guidelines. Approved AVM Vendors: xxxxxx,xxxxxx, xxxxxx, xxxxxx, xxxxxx - xxxxxx See attached - xxxxxx |
2026-03-19 21:02 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000113864 | xxxxxx | xxxxx | xxxxx | VA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 5 of 10 | xxxxxx | Property | Appraisal is Missing | The file is missing the
appraisal. |
Appraisal is Present or is
Waived - xxxxxx Set in error - xxxxxx Appraisal is Present or is Waived - xxxxxx |
2026-04-20 16:43 | Resolved | 4 | 1 | 4 | 1 | |||||
| 4000113864 | xxxxxx | xxxxx | xxxxx | VA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 6 of 10 | xxxxxx | Credit | AUS - Findings Missing | The loan file did not
contain the AUS findings as required. Provide complete AUS (DU) pages are
missing. |
See attached - xxxxxx See attached - xxxxxx AUS with PIW - xxxxxx |
AUS provided. Condition resolved. - xxxxxx See attached - xxxxxx See attached - xxxxxx Condition upheld. Provided AUS states $xxxxxx in assets to be verified. Loan file supports verified assets of $xxxxxx. Please correct AUS or provide the assets used in the AUS. - xxxxxx See attached - xxxxxx Condition upheld. Provide corrected AUS (DU), and additional documentation to support AUS (DU) Findings. DU states $xxxxxx in assets needs to be verified, file does not support that. Provide evidence of Pay-off for the xxxxxx account #xxxxxx or enter in the AUS (DU) correctly to reflect a 30-day account. Provide the lease agreement for the Borrower's primary rental (see added condition for explanation). Per AUS (DU) $xxxxxx document any deposit of the amount of $xxxxxx. - xxxxxx AUS with PIW - xxxxxx |
2026-04-01 14:05 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000113864 | xxxxxx | xxxxx | xxxxx | VA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 7 of 10 | xxxxxx | Credit | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Verification of Rent
(VOR)/Verification of Mortgage (VOM) Document is incomplete. The loan file
contains the payment History for the rents; however, the VOR that goes along
with the payments are missing from the loan file. |
See attached - xxxxxx Per our 1003 it shows the borrower was paying xxxxxx a month for apartment xxxxxx which matches the amount on the bankstatments. The bank statement has the account # listed on it xxxxxx. we have full statements showing that it is our borrowers account. - xxxxxx Please refer to Item 11 on the AUS it states 6 months cancelled Checks/equivalent payment source,six months bank statement reflecting a clear and consistent payment to organization or individual OR a copy of the fully executed lease agreement and 2 months cancelled checks. We have bank statments showing more than 6 months of consistent payments to same organization. - xxxxxx |
VOR provided. - xxxxxx Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - xxxxxx See attached - xxxxxx Condition upheld. There is no bank statement in the file for xxxxxx #xxxxxx. The 1003 is a separate document. Provide a complete xxxxxx Bank Statement for #xxxxxx to show the Account holders name. - xxxxxx Per our 1003 it shows the borrower was paying xxxxxx a month for apartment xxxxxx which matches the amount on the bankstatments. The bank statement has the account # listed on it xxxxxx. we have full statements showing that it is our borrowers account. - xxxxxx Condition upheld. Provide an actual Bank statement for the xxxxxx Account #xxxxxx to show who is the owner of this account. - xxxxxx Please refer to Item 11 on the AUS it states 6 months cancelled Checks/equivalent payment source,six months bank statement reflecting a clear and consistent payment to organization or individual OR a copy of the fully executed lease agreement and 2 months cancelled checks. We have bank statments showing more than 6 months of consistent payments to same organization. - xxxxxx |
2026-03-30 15:19 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000113864 | xxxxxx | xxxxx | xxxxx | VA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 8 of 10 | xxxxxx | Compliance | Final CD: Calculating Cash to Close Closing Costs Paid, Closing Costs Financed, Down Pmt, Deposit, and/or Funds for Borrower discrepancy | Provide the complete xxxxxx
account statement belonging to Borrower showing the $xxxxxx cashiers check
sent to title for the funds to close. Borrower must have 5% of own funds in
the transaction to meet the minimum borrower contribution. Condition on hold,
pending updated and corrected AUS. |
Please see snap shot not
seeing that this is requirement for the borrower to contibute 5% of their own
funds & this isn't a FNMA requirement. - xxxxxx |
Lender does not have the
5% requirement, condition resolved. -
xxxxxx Please see snap shot not seeing that this is requirement for the borrower to contibute 5% of their own funds & this isn't a FNMA requirement. - xxxxxx |
2026-04-01 21:10 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000113864 | xxxxxx | xxxxx | xxxxx | VA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 9 of 10 | xxxxxx | Compliance | Post Consummation CD Required | CD in file shows Funds to
close of $xxxxxx. File contains a
cashiers check to title datexxxxxx (disbursement date) for $xxxxxx. Provide executed/certified copy of PCCD
showing the credit for the $xxxxxx. |
Post CD with UCD -
xxxxxx |
Received PCCD which
includes the $48000 funds to close. - xxxxxx Post CD with UCD - xxxxxx |
2026-03-25 13:35 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000113864 | xxxxxx | xxxxx | xxxxx | VA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 10 of 10 | xxxxxx | Credit | Missing letter of explanation | Provide a detailed
explanation and supporting documentation for the following issue: Initial
1003 (URLA) signed by Borrower on xxxxxx states current address is xxxxxx for
19 years, living rent free. Final 1003 (URLA) signed by POA for Borrower onxxxxxx states current address is xxxxxx for 1 year and renting. |
See attached - xxxxxx See attached - xxxxxx See attached this was sent with our file - xxxxxx |
LOE provided from
Borrower. Condition resolved. -
xxxxxx See attached - xxxxxx Condition upheld. Same LOE was provided which does not explain the issue. Borrower to explain why in the course of 20 days from Initial 1003 to Final 1003, Borrower went from living Rent Free for 19 years to Living in a different state, paying rent for 1 year. - xxxxxx See attached - xxxxxx Condition upheld. Provided letter does not explain the discrepancy between the initial 1003 and the final 1003. Please read: Provide a detailed explanation and supporting documentation for the following issue: Initial 1003 (URLA) signed by Borrower onxxxxxx states current address is xxxxxx for 19 years, living rent free. Final 1003 (URLA) signed by POA for Borrower onxxxxxx states current address is xxxxxx for 1 year and renting. - xxxxxx See attached this was sent with our file - xxxxxx |
2026-04-15 14:10 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000113930 | xxxxxx | xxxxx | xxxxx | WI | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Credit | Loan Package - Trust Agreement Missing | The loan file did not
contain the Trust Agreement as required. The corresponding Trust
Documentation for The xxxxxx Trust Under Trust Instrument Dated xxxxxx, is
needed. |
TRUST AGREEMENTS AND AOLS -
xxxxxx |
Both Borrower's Trusts and
Certification of both have been provided.
Condition resolved. - xxxxxx TRUST AGREEMENTS AND AOLS - xxxxxx |
2026-04-07 15:17 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000113930 | xxxxxx | xxxxx | xxxxx | WI | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-03 19:35 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000113930 | xxxxxx | xxxxx | xxxxx | WI | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-04-03 19:35 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000114148 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Credit | Executed 4506-T / 4506-C Missing | Risk Assessment from the
1008 Page is 'DU', but the Executed 4506-T / 4506-C is 'NA' or blank for one
or more of the employed borrowers. Executed 4506-T / 4506-C missing. |
4506 - xxxxxx |
3-year executed 4506
provided. Condition resolved. -
xxxxxx 4506-T / 4506-C indicator is not 'NA' or blank for all borrowers, or Not Applicable based on Risk Assessment selection. - xxxxxx 4506-T / 4506-C indicator is not 'NA' or blank for all borrowers, or Not Applicable based on Risk Assessment selection. Executed 4506-T / 4506-C missing. - xxxxxx 4506 - xxxxxx |
2026-04-01 15:02 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000114148 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Credit | Fraud Report Shows Uncleared Alerts | Fraud Report shows
uncleared alerts. There are uncleared fraud alerts on pages 2 and 3 of the
FraudGuard Report dated xxxxxx |
FRAUDGUARD - xxxxxx |
Cleared Fraud Report
provided. Condition resolved. -
xxxxxx All Fraud Report Alerts have been cleared or None Exist - xxxxxx FRAUDGUARD - xxxxxx |
2026-03-30 16:51 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000114148 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-03-25 17:22 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000114148 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-03-25 17:21 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000114286 | xxxxxx | xxxxx | xxxxx | AL | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Credit | Hazard Insurance Effective Date is after the Disbursement Date | Hazard insurance effective
date is after the disbursement date. Lender to provide the current HOI policy
for the subject property to verify insurance was in place at the time of
closing which wasxxxxxxHOI policy term in the file is fromxxxxxxoxxxxxx |
CURRENT POLICY - xxxxxx |
HOI Policy fromxxxxxx
toxxxxxx was provided. Condition
resolved. - xxxxxx Hazard Insurance Effective Date of xxxxxx is prior to or equal to the Disbursement Date of xxxxxx Or the Date(s) Are Not Provided - xxxxxx CURRENT POLICY - xxxxxx |
2026-04-16 13:42 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000114286 | xxxxxx | xxxxx | xxxxx | AL | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-04-10 19:27 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000114286 | xxxxxx | xxxxx | xxxxx | AL | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-10 19:26 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000114370 | xxxxxx | xxxxx | xxxxx | NC | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 5 | xxxxxx | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than
total amount of subject lien(s). |
Attached - xxxxxx |
Corrected Title provided.
Condition resolved. - xxxxxx Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xxxxxx Attached - xxxxxx |
2026-03-24 16:59 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000114370 | xxxxxx | xxxxx | xxxxx | NC | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 5 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
xxxxxx 12:56 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000114370 | xxxxxx | xxxxx | xxxxx | NC | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 5 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Provide hoa for xxxxxx Condo xxxxxx and xxxxxx. Provide final signed CD or HUD for xxxxxx Condo #xxxxxx. |
HOA bill for xxxxxx is
included and there is no HOA for xxxxxx - xxxxxx |
REO Documents
provided. Condition resolved. -
xxxxxx HOA bill for xxxxxx #xxxxxx is included and there is no HOA for xxxxxx - xxxxxx |
2026-03-31 19:20 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000114370 | xxxxxx | xxxxx | xxxxx | NC | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 5 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-03-19 19:02 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000114370 | xxxxxx | xxxxx | xxxxx | NC | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 5 | xxxxxx | Credit | Hazard Insurance Policy is Missing | Missing hazard insurance
policy. The loan file contained the HOI policy; however, the rent loss policy
is missing. |
Please see response from
insurance agent. The policy will not read rent loss coverage. Loss of rent will fall under Loss of Use on
this policy - xxxxxx The Homeowners’ and Wind/Hail policies both include Loss of Use coverage - $xxxxxx and $xxxxxx - xxxxxx |
Evidence of Rent Loss
provided. Condition resolved. -
xxxxxx Hazard Insurance Policy was provided. - xxxxxx Please see response from insurance agent. The policy will not read rent loss coverage. Loss of rent will fall under Loss of Use on this policy - xxxxxx Condition upheld. Provide evidence of such. Both policies in file do not state Rent Loss Coverage. - xxxxxx The Homeowners’ and Wind/Hail policies both include Loss of Use coverage - $xxxxxx and $xxxxxx - xxxxxx |
2026-04-09 14:48 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000114749 | xxxxxx | xxxxx | xxxxx | TX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-03-16 17:35 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000114749 | xxxxxx | xxxxx | xxxxx | TX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. The loan file is missing the xxxxxx
Rate Lock. |
RLC - xxxxxx |
Investor Rate Lock
provided. - xxxxxx RLC - xxxxxx |
2026-03-18 15:26 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000114749 | xxxxxx | xxxxx | xxxxx | TX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. The loan file is missing the HOI statement for xxxxxx |
HOI, Mortgage
statement - xxxxxx |
HOI provided. Condition resolved. - xxxxxx HOI, Mortgage statement - xxxxxx |
2026-04-03 13:41 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000114761 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 22:00 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000114761 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Credit | Business Purpose Affidavit/Disclosure is required | This is a business purpose
loan. The Business Purpose Affidavit/Disclosure is required. Lender to
provide Business Purpose Affidavit missing from the loan file. |
loe - xxxxxx This is an xxxxxx program/agency loan. Could you please clarify why a business purpose affidavit is required prior to closing? - xxxxxx |
Occupancy Certification
located in the file exception resolved - xxxxxx Document Uploaded. Condition upheld. Loan was underwritten to xxxxxx xxxxxx Jumbo 30 Year guidelines which require the attached Occupancy Certification to be completed. - xxxxxx loe - xxxxxx Occupancy affidavit is required to confirm investment property loan, condition remains. - xxxxxx This is an ANX program/agency loan. Could you please clarify why a business purpose affidavit is required prior to closing? - xxxxxx |
2026-04-02 14:35 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000114761 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 21:58 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000114761 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Credit | Program Parameters - Guidelines Conformity | The subject loan does not
conform to program guidelines. Lender to provide corrected xxxxxx Lock
Confirmation. Per xxxxxx lock
confirmation, the loan was approved under the Agency Jumbo program, but the
program guidelines indicate only primary and 2nd homes are permitted. Also, the xxxxxx lock confirmation
indicates the borrowers are US citizens, but they are Permanent Residents |
lock - xxxxxx |
Investor confirmation
provided to show the loan was locked accordingly, condition resolved. - xxxxxx lock - xxxxxx |
2026-03-30 20:12 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000115308 | xxxxxx | xxxxx | xxxxx | NC | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-04-13 19:34 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000115308 | xxxxxx | xxxxx | xxxxx | NC | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-04-13 19:34 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000115308 | xxxxxx | xxxxx | xxxxx | NC | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
2026-04-13 19:33 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000115338 | xxxxxx | xxxxx | xxxxx | CA | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-03-11 18:57 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000115338 | xxxxxx | xxxxx | xxxxx | CA | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
2026-03-11 18:56 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000115338 | xxxxxx | xxxxx | xxxxx | CA | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Credit | AUS - Discrepancy | The AUS final approval data
does not match the 1003/1008 and/or file documents. The number of properties
financed on the AUS is 2, but the borrower has 2 finance propeties (subject
and primary). Please provide the updated AUS. |
Updated AUS - xxxxxx Please escalate this to management. - xxxxxx The primary residence is not financed. There is only a HELOC on that property. Check the credit report, there is only one mortgage. - xxxxxx The borrower had 1 financed property with a mortgage and HELOC prior to closing. - xxxxxx If AUS shows 2 financed properties and borrower has 2 financed properties, what needs to be updated? - xxxxxx |
Corrected AUS (DU) showing
2 financed properties was provided.
Condition resolved. - xxxxxx Updated AUS - xxxxxx Investor advised that a new AUS was going to be uploaded, condition remains. - xxxxxx Please escalate this to management. - xxxxxx Condition upheld. A HELOC counts in FNMA's calculation of number of financed properties. It should be further noted, that per the credit report, AUS, 1008, and 1003 there is a Mortgage and a HELOC on the Primary. Provide Corrected AUS. - xxxxxx The primary residence is not financed. There is only a HELOC on that property. Check the credit report, there is only one mortgage. - xxxxxx Condition upheld. Provide corrected AUS to show 2 financed properties. - xxxxxx The borrower had 1 financed property with a mortgage and HELOC prior to closing. - xxxxxx The condition was inaccurately written. The AUS shows 1 financed property when the Borrower actually has 2. Provided corrected AUS. - xxxxxx If AUS shows 2 financed properties and borrower has 2 financed properties, what needs to be updated? - xxxxxx |
2026-04-15 21:39 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000115528 | xxxxxx | xxxxx | xxxxx | TX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-03-18 23:33 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000115528 | xxxxxx | xxxxx | xxxxx | TX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-03-18 23:34 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000115528 | xxxxxx | xxxxx | xxxxx | TX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
2026-03-18 23:33 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000115530 | xxxxxx | xxxxx | xxxxx | CO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Credit | Title Document Missing | Title document is missing.
|
PRELIM REPORT - xxxxxx |
Prelim provided. Condition
resolved. - xxxxxx Title document is fully present - xxxxxx PRELIM REPORT - xxxxxx |
Lender to provide the most recent title commitment that included the loan amount of $ xxxxxx | 2026-04-20 13:59 | Resolved | 3 | 1 | 3 | 1 | |||
| 4000115530 | xxxxxx | xxxxx | xxxxx | CO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-04-14 19:19 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000115530 | xxxxxx | xxxxx | xxxxx | CO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-04-14 19:19 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000115530 | xxxxxx | xxxxx | xxxxx | CO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Credit | AUS - Discrepancy | The AUS final approval data
does not match the 1003/1008 and/or file documents. The HTI on the 1008
reflects an HTI of xxxxxx, but the AUS reflects an HTI of xxxxxx%. Please
provide the final 1008 or AUS. |
AUS - xxxxxx 1003.1008 , AUS - xxxxxx |
Corrected AUS (DU)
Submission 13 was provided with xxxxxx/xxxxxx%. Condition resolved. - xxxxxx AUS - xxxxxx Condition upheld. The provided AUS (DU) has ratios of xxxxxx%/xxxxxx%. The provided 1008 has ratios of xxxxxx%/xxxxxx%. These are the same two documents in the loan file. Provide the correct documents. Which HTI is correct? - xxxxxx 1003.1008 , AUS - xxxxxx |
2026-04-21 19:55 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000115561 | xxxxxx | xxxxx | xxxxx | NY | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Credit | AUS (Manual) - Missing | A Manual Underwrite was
required, but not in evidence in the file.
Missing the FNMA AUS used in underwriting. |
DU - xxxxxx |
AUS (DU) was
provided. Condition resolved. -
xxxxxx DU - xxxxxx |
2026-03-18 19:09 | Resolved | 2 | 1 | 3 | 1 | ||||
| 4000115561 | xxxxxx | xxxxx | xxxxx | NY | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Property | Appraisal - Other | There are additional
appraisal findings. Missing the Third Party Appraisal Review. |
CDA - xxxxxx |
Seller provided 3rd party
review. the file is still missing the appraisal 1004D completion certificate
- xxxxxx CDA supporting value provided. Condition resolved. - xxxxxx CDA - xxxxxx |
xxxxxx 16:26 | Resolved | 2 | 1 | 3 | 1 | ||||
| 4000115561 | xxxxxx | xxxxx | xxxxx | NY | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-03-16 21:29 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000115561 | xxxxxx | xxxxx | xxxxx | NY | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Property | Subject property appraisal is not on an as-is basis (Primary Value) | Primary value subject
property appraisal is not on an as-is basis. Seller provided 3rd party
review. the file is still missing the appraisal 1004D completion
certificate |
appraisal completed AS IS -
xxxxxx |
A new "AS IS"
Appraisal, by same Appraisal company, same Appraiser, and same value was
provided. Condition resolved. -
xxxxxx Primary Value Subject Property Appraisal is completed on an As-Is Basis or Not Applicable - xxxxxx appraisal completed AS IS - xxxxxx |
2026-03-24 16:34 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000115653 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Compliance | Borrower 1 Final Signature Date is in the future | Borrower 1 Final Signature
Date is after the transaction date. The Final Uniform Residential Loan
Application was signed on xxxxxxHowever, the Mortgage was notarized on
xxxxxx |
FINAL 1003 - xxxxxx |
Corrected 1003 was
provided. Condition resolved. - xxxxxx Validation Resolved - xxxxxx FINAL 1003 - xxxxxx |
2026-04-06 13:19 | Resolved | 3 | 1 | 1 | 1 | ||||
| 4000115653 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Credit | Hazard Insurance Coverage is less than all Subject Lien(s) | Hazard Insurance Coverage
Amount of $xxxxxx is less than Total Amount of Subject Lien(s) of $xxxxxx
Additionally, there is no documentation in file (letter or email) from the
insurer, indicating whether or not the insurance policy is underwritten on a
replacement cost basis. This is needed
to accurately assess coverage. |
COVERAGE CHECKLIST - xxxxxx |
HOI Policy shows
Guaranteed Replacement Cost. - xxxxxx COVERAGE CHECKLIST - xxxxxx |
2026-04-10 18:49 | Resolved | 3 | 1 | 1 | 1 | ||||
| 4000115653 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-03-25 21:03 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000115776 | xxxxxx | xxxxx | xxxxx | TX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Compliance | Missing evidence Mortgage/Deed of Trust will be recorded | Missing evidence of
Mortgage recording. No Recording Fee and/or Transfer Fee is reflected on the
Final Closing Disclosure or Buyer's Closing Statement for the Deed of Trust.
|
Evidence of Mortgage
Recording is present or Mortgage has been sent for Recording - xxxxxx |
2026-03-05 16:51 | Resolved | 3 | 1 | 4 | 1 | |||||
| 4000115776 | xxxxxx | xxxxx | xxxxx | TX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Credit | Assets - Insufficient Cash to Close or Reserves | Liquid Funds Post-Close of
'$-xxxxxx', are less than $0. Borrower(s) total verified assets are
insufficient for cash to close or reserves. The Assets Section of the Loan
Application and DU report a balance of $xxxxxx for the xxxxxx Savings Account
ending in xxxxxx. However, the account statement dated xxxxxxeflects a
balance of $xxxxxx. Please provide the account statement showing the $xxxxxx
balance. |
See attached. - xxxxxx See attached assets. - xxxxxx |
Corrected AUS
provided. Condition resolved. -
xxxxxx Liquid Funds Post-Close are greater than or equal to $0. - xxxxxx See attached. - xxxxxx Condition upheld. Assets provided are already in file. The Assets Section of the Loan Application and DU report a balance of $xxxxxx for the xxxxxx Savings Account ending in xxxxxx. However, the account statement dated xxxxxxeflects a balance of $xxxxxx. Please provide the account statement showing the $xxxxxx balance. - xxxxxx See attached assets. - xxxxxx |
2026-03-13 15:04 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000115776 | xxxxxx | xxxxx | xxxxx | TX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Credit | Purchase Contract - Addendum Missing | The Purchase Contract
Addendum is missing. Section 12 of the purchase contract shows the seller
will pay $0 toward buyer expenses. However, the Final Closing Disclosure
lists a $xxxxxx seller credit. Please provide the Purchase Contract Addendum
reflecting the agreed‑upon $xxxxxx seller credit. |
See attached addendum. -
xxxxxx |
Purchase contract/Addendum
provided. Condition resolved. - xxxxxx See attached addendum. - xxxxxx |
2026-03-09 16:26 | Resolved | 2 | 1 | 4 | 1 | ||||
| 4000115776 | xxxxxx | xxxxx | xxxxx | TX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Property | Appraisal is Missing | The file is missing the
appraisal. |
See attached CDA. - xxxxxx
See attached explanation from our underwriter. A CDA should not be needed. - xxxxxx See attached AVM that supports the 1004 provided. - xxxxxx See attached. - xxxxxx See attached appraisal. - xxxxxx |
CDA supporting value was
provided. Condition resolved. -
xxxxxx Appraisal is Present or is Waived - xxxxxx See attached CDA. - xxxxxx Condition upheld. Guidelines not read correctly. Subject loan did not receive an Appraisal Waiver. AVM's are for loans that received a PIW. Loans without a PIW require a CDA to support value. - xxxxxx See attached explanation from our underwriter. A CDA should not be needed. - xxxxxx Condition upheld. Provide CDA as required per Guidelines. AVM is not acceptable. - xxxxxx See attached AVM that supports the 1004 provided. - xxxxxx Condition upheld. Provide the CDA (3rd party valuation) as required per guidelines. - xxxxxx See attached. - xxxxxx Condition upheld. 1004 appraisal provided. 3rd party valuation product is missing. CU's in file are 4.5 and 2.6. Provide CU with score of 2.5 or below, BPO, AVM, CDA. - xxxxxx See attached appraisal. - xxxxxx |
2026-04-01 14:51 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000115839 | xxxxxx | xxxxx | xxxxx | MA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 6 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-03-13 23:34 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 4000115839 | xxxxxx | xxxxx | xxxxx | MA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 6 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-03-13 23:34 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 4000115839 | xxxxxx | xxxxx | xxxxx | MA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 6 | xxxxxx | Compliance | Lender Credits That Cannot Decrease Test (xxxxxx1262) | The baseline amount of
non-specific (lump sum) lender credits and specific lender credits disclosed
is ($xxxxxx). The Last CD shows a total lender credit amount of ($xxxxxx).
The following fees "lender credits" have decreased below their
baseline amounts (General Lender Credit). Non-specific lender credits are
generalized payments that do not pay for a particular fee. Specific lender
credits are specific payments to pay for a specific fee. The total amount of
non-specific and specific lender credits cannot decrease unless a new
disclosure is provided and there is a valid changed circumstance associated
with the re-disclosure, or the creditor provides an additional credit for the
increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3)(i) and
comments 19(e)(3)(i)-5 and -6; 12 CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6);
12 CFR 1026.38(h)). |
Email and confirmation of
check clearance - xxxxxx Will a confirmation email from the borrower stating they received the check be acceptable as proof of delivery? - xxxxxx The cure of $xxxxxx for the appraisal fee was added at initial CD but fell off when we drew the docs, so we owe the Borrower $xxxxxx. - xxxxxx |
Received LOE email and
cancelled check. Finding is cured -
xxxxxx Email and confirmation of check clearance - xxxxxx Yes, confirmation email that the borrower received the check is acceptable. - xxxxxx Will a confirmation email from the borrower stating they received the check be acceptable as proof of delivery? - xxxxxx Received PCCD and copy of refund check. Please provide LOE to borrower explaining the refund and mailing label as proof of shipping to cure - xxxxxx The cure of $xxxxxx for the appraisal fee was added at initial CD but fell off when we drew the docs, so we owe the Borrower $xxxxxx. - xxxxxx |
2026-04-14 16:30 | Cured | 3 | 2 | 3 | 2 | ||||
| 4000115839 | xxxxxx | xxxxx | xxxxx | MA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 6 | xxxxxx | Compliance | Lender Credits That Cannot Decrease Test (Fees-Limited) | The baseline amount of
non-specific (lump sum) lender credits and specific lender credits is
($xxxxxx). The actual total fee amount shows a credit amount of ($xxxxxx).
The following actual fees submitted as "lender credits" have
decreased below their baseline amounts (General Lender Credit). Non-specific
lender credits are generalized payments that do not pay for a particular fee.
Specific lender credits are specific payments to pay for a specific fee. The
total amount of non-specific and specific lender credits cannot decrease
unless a new disclosure is provided and there is a valid changed circumstance
associated with the re-disclosure. (12 CFR 1026.19e)(3) and comments
19(e)(3)-5 and -6; 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). Change of Circumstance
record to support the decrease in lender credits from $xxxxxx to $xxxxxx
reflected on the executed Final CD |
Received all documentation
to cure this duplicate finding - xxxxxx Received PCCD and copy of refund check. Please provide LOE to borrower explaining the refund and mailing label as proof of shipping to cure - xxxxxx |
2026-04-14 16:32 | Resolved | 3 | 1 | 3 | 2 | |||||
| 4000115839 | xxxxxx | xxxxx | xxxxx | MA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 5 of 6 | xxxxxx | Compliance | Charges That Cannot Increase Test (xxxxxx1251) | The following fee(s) have
either increased above the amount disclosed within each fee(s) baseline
disclosure OR have been added to the Cannot Increase Category: Appraisal Fee.
Each fee within the Cannot Increase category cannot increase or be added
unless a new disclosure is provided and there is a valid changed circumstance
associated with the increased fee that is re-disclosed. (12 CFR
1026.19(e)(3); 12 CFR 1026.19(e)(4)). No Change of Circumstance record is
present to support the increase to the appraisal fee from $xxxxxx to $xxxxxx
reflected on the revised LE issuedxxxxxx |
Received PCCD and copy of
refund check. Please provide LOE to borrower explaining the refund and
mailing label as proof of shipping to cure - xxxxxx The cure of $xxxxxx for the appraisal fee was added at initial CD but fell off when we drew the docs, so we owe the Borrower $xxxxxx. - xxxxxx |
Received all documentation
to cure this duplicate finding - xxxxxx The cure of $xxxxxx for the appraisal fee was added at initial CD but fell off when we drew the docs, so we owe the Borrower $xxxxxx. - xxxxxx |
2026-04-14 16:30 | Resolved | 3 | 1 | 3 | 2 | ||||
| 4000115839 | xxxxxx | xxxxx | xxxxx | MA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 6 of 6 | xxxxxx | Compliance | Insufficient Change of Circumstance (xxxxxx1252) | The amounts disclosed on
the last Closing Disclosure for the following fee(s) have either increased
above the amount disclosed within each fee(s) baseline disclosure OR have
been added to the last Closing Disclosure and placed within the Cannot
Increase Category: Appraisal Fee. Each fee within the Cannot Increase
category cannot increase or be added unless a new disclosure is provided and
there is a valid changed circumstance associated with the increased fee that
is re-disclosed, or the creditor provides an additional credit for the
increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12
CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). |
Received all documentation
to cure this duplicate finding - xxxxxx Received PCCD and copy of refund check. Please provide LOE to borrower explaining the refund and mailing label as proof of shipping to cure - xxxxxx |
2026-04-14 16:33 | Resolved | 3 | 1 | 3 | 2 | |||||
| 4000115888 | xxxxxx | xxxxx | xxxxx | IL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU and LCA with risk scores < 2.5 which meets the
lender's guidelines. |
2026-04-07 17:51 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000115888 | xxxxxx | xxxxx | xxxxx | IL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-04-07 17:50 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000115888 | xxxxxx | xxxxx | xxxxx | IL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Credit | Borrower 1 YTD Profit & Loss Missing | Borrower 1 YTD Profit &
Loss missing. Please provide the Profit an loss statement for xxxxxx. |
PL - xxxxxx Would like to confirm if you require xxxxxx P&L? Please advise so we can proceed - xxxxxx P&L - xxxxxx |
P & L for xxxxxx and 2
months of xxxxxx were provided.
Condition resolved. - xxxxxx Borrower 1 YTD Profit & Loss Provided - xxxxxx PL - xxxxxx Condition upheld. For xxxxxx, Per the AUS (LP): If the business has been in existence for less than five years, provide individual and business tax returns for the most recent two years. Provide xxxxxx Business Tax Returns forxxxxxx, or a certified xxxxxx P&L. - xxxxxx Would like to confirm if you require xxxxxx P&L? Please advise so we can proceed - xxxxxx Condition upheld. P&L provided is fromxxxxxx -xxxxxx. Check the dates. - xxxxxx P&L - xxxxxx |
2026-04-29 18:54 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000115888 | xxxxxx | xxxxx | xxxxx | IL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Credit | Missing VOM or VOR | Verification of Rent
(VOR)/Verification of Mortgage (VOM) Document is Missing. Please provide the
verification of mortgage from xxxxxx for the property located at xxxxxx. |
LOE - xxxxxx MORTGAGE STATEMENT - xxxxxx as per our underwriter The guideline allows 1X30 mortgage late in the last 12 months - xxxxxx STATEMENT _FEB/MARCH - xxxxxx VOM - xxxxxx |
Per the Note in the file,
the loan closed xxxxxx. 1st payment date was xxxxxx. All MLS to date have
been provided and there are 0 lates. Condition resolved. - xxxxxx Per the Note in the file, the loan closed 11/2025. 1st payment date wasxxxxxx. All MLS to date have been provided and there are 0 lates. Condition resolved. - xxxxxx LOE - xxxxxx Condition upheld. xxxxxx, xxxxxx, xxxxxx, andxxxxxx mortgage statements were provided. Borrower has a 1x30 on the cited Mortgage. AUS to be re-ran with re-pulled CR showing the 1x30. Loan is not Manually Underwritten. It is AUS approved and the AUS needs to be made aware of the 1x30 in order to render an accurate approval. - xxxxxx MORTGAGE STATEMENT - xxxxxx Condition upheld. Provide the VOM, and an updated AUS (LP) with the mortgage late payments. - xxxxxx as per our underwriter The guideline allows 1X30 mortgage late in the last 12 months - xxxxxx Condition upheld. xxxxxx MLS provided shows Borrower made two payments onxxxxxx. Provide evidence that Borrower was not late forxxxxxx payment or provide a re-run AUS (LP) with a 1X30. - xxxxxx STATEMENT _xxxxxx - xxxxxx Condition upheld. 1st payment date per Note for xxxxxx wasxxxxxx. Subject loan closedxxxxxx. MLS Statement provided shows a past due payment and loan is due forxxxxxx andxxxxxx. Provide a Written Verification of Mortgage. - xxxxxx VOM - xxxxxx |
xxxxxx 20:54 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116083 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-08 17:39 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000116083 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-08 17:40 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000116083 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-04-08 17:40 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000116138 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 6 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-03-16 22:29 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000116138 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 6 | xxxxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Please provide the xxxxxx Rate Lock Agreement. |
Current Seller Lock - xxxxxx |
Investor Rate Lock
provided. Condition resolved. -
xxxxxx Evidence of Rate Lock Provided - xxxxxx Current Seller Lock - xxxxxx |
2026-03-18 20:29 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116138 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 6 | xxxxxx | Credit | Borrower 2 Executed 4506-T Missing | Borrower 2 Executed 4506-T
missing from the file. Please provide the executed 4506T for the coborrower
|
4506 - xxxxxx |
3-year 4506 provided for
both Borrowers. Condition resolved. -
xxxxxx Borrower 2 Executed 4506-T Provided or Not Applicable (Number of Borrowers equals 2) - xxxxxx 4506 - xxxxxx |
2026-03-18 20:33 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116138 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 6 | xxxxxx | Credit | Credit Documentation - Letter of Explanation | The loan file did not
contain a letter of explanation as required. The subject property was
purchased in xxxxxx and rental income of $xxxxxx has been used in the
approval. The lease agreements have been provided, but the tax returns are
missing. Documentation as to why the borrower doesn't have rental experience
documented via the tax returns is missing from the loan file. |
1040 TAX RETURNS - xxxxxx
loe - xxxxxx |
Documentation
provided. Condition resolved. -
xxxxxx 1040 TAX RETURNS - xxxxxx Condition upheld pending information on new condition about xxxxxx and Rental Income. - xxxxxx loe - xxxxxx |
2026-04-08 14:12 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116138 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 6 | xxxxxx | Credit | Corporation/LLC: Operating Agreement Doc is Missing | The loan file does not
contain the Corporation/LLC: Operating Agreement. Proof of rent was deposited
into a business account title toxxxxxx. Documentation showing that the
borrower owns the business and has access to the funds are missing from the
loan file. |
Statement of Information
forxxxxxx, - xxxxxx |
LLC Docs provided. Condition resolved. - xxxxxx Statement of Information forxxxxxx, - xxxxxx |
2026-04-06 13:27 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116138 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 6 of 6 | xxxxxx | Credit | Title - Ownership Issue | Title documents provided in
the loan file reflected potential ownership issues. Provide explanation of
who xxxxxx is as he owns 50% of the subject property and is not on the
subject loan. Also xxxxxx is a
Landlord on the Lease Agreements. If rental income is being used, it should
be at 50%. Provide a detailed
explanation. |
as per our
underwriterxxxxxx is co-owned by xxxxxx and the borrower, who also share
ownership of the subject property. Fannie Mae (FNMA) guidelines require only
one property owner to be the borrower on the loan. Attached is the rental income worksheet from the xxxxxx Form 1040. Schedule E reflects that the borrower has a 50% ownership interest; however, 100% of the rental income is being used since the full PITIA for the subject property is being applied. - xxxxxx Statement of Information forxxxxxx, - xxxxxx |
Lender provided statement
from FNMA. Condition resolved. -
xxxxxx as per our underwriterxxxxxx is co-owned by xxxxxx and the borrower, who also share ownership of the subject property. Fannie Mae (FNMA) guidelines require only one property owner to be the borrower on the loan. Attached is the rental income worksheet from the xxxxxx Form 1040. Schedule E reflects that the borrower has a 50% ownership interest; however, 100% of the rental income is being used since the full PITIA for the subject property is being applied. - xxxxxx Condition upheld. Provide Grant Deed from xxxxxx to Borrower. Prior to closing Title was vested 50/50 in xxxxxx and Borrower. xxxxxx is not a Borrower on the subject transaction. - xxxxxx Statement of Information forxxxxxx, - xxxxxx |
2026-04-08 14:20 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116206 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Compliance | The Final 1003 is Missing | The final 1003 is missing.
The most current loan application date in file is dated xxxxxxHowever, the
Loan Product Advisor (LPA) in File is dated xxxxxx Additionally, the income
of $xxxxxx on the loan application in file does not match the income of $xxxxxx
reflected on the LPA. Please provide a copy of the 1003 that aligns to the
qualifying income and total debts reflected on the LPA. |
FINAL 1003 - xxxxxx FINAL 1003 - xxxxxx FINAL 1003 - xxxxxx |
Final 1003 provided. Condition resolved. - xxxxxx The final 1003 has been provided. - xxxxxx FINAL 1003 - xxxxxx Condition upheld. Application provided has signature date of Originator ofxxxxxx and is not executed. Provide executed Final 1003 - xxxxxx FINAL 1003 - xxxxxx Condition upheld. Application provided has signature date of Originator ofxxxxxx and is not executed. Provide executed Final 1003 - xxxxxx FINAL 1003 - xxxxxx |
2026-06-18 20:06 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116206 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain
the Approval/Underwriting Summary. The Approval/Underwriting Summary (1008)
is missing from the loan file. |
LP, 1008 - xxxxxx |
1008 and AUS were
provided. Condition resolved. -
xxxxxx Approval/Underwriting Summary is fully present - xxxxxx LP, 1008 - xxxxxx |
2026-03-31 17:28 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116206 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Credit | Assets - Authorization Access for Joint Account | The file does not contain
authorization access for funds from joint account holder. No trustee letter
or trust agreement is in file to verify the borrower’s access to trust funds
held in xxxxxx Checking Account ending xxxxxx under xxxxxx Living Trust. To
use these funds, documentation must confirm the borrower is a beneficiary,
has access to all or a specified amount of funds, and that the trust holds
sufficient assets. If the required trust documentation or trustee
accessibility letter is not provided, and/or the trust funds are not needed,
LP will need to be re‑run excluding the trust assets. |
per our underwriter Note:
xxxxxx Checking Account ending xxxxxx removed.provided updated 1008, 1003 and
LP - xxxxxx |
The account #xxxxxx was
removed. A new 1003 and 1008 were
provided. Condition resolved. -
xxxxxx per our underwriter Note: xxxxxx Checking Account ending xxxxxx removed.provided updated 1008, 1003 and LP - xxxxxx |
2026-03-31 17:23 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116206 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-03-26 20:32 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000116210 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Credit | Title Document is Partially Present | Title document is
incomplete or only partially present.
File is missing either a Quick EQ/Property Report or the RELP, MRELP,
Transaction Cert, or E&O Policy.
Please supply both required Title documents. Loan file contains a
preliminary title report effective xxxxxx with no title coverage amount
stated. Lender to provide an updated title report with sufficient coverage
equal to the Note in the amount of $xxxxxx
|
TITLE - xxxxxx |
Final Title Policy
provided. Condition resolved. -
xxxxxx Title document has been provided. - xxxxxx TITLE - xxxxxx |
2026-03-31 17:40 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116210 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Credit | Missing Lease Agreement | Missing current lease
agreement for investment property located at xxxxxx to support gross rental
income of $xxxxxx a month, resulting in net rental income of $xxxxxx used to
qualify the borrower. Income reflected
on the lease must be supported by a Form 72 verifying the current market
rent. The investment property was in service 2 months per the xxxxxx Schedule
E provided. The subject loan closed on
xxxxxx. The loan file contains a
payment history that verifies multiple amounts received in xxxxxx and xxxxxx
of xxxxxx; however, auditor is unable to determine the actual amount of the
rent. The combined payments do not
match month to month. |
LP, Lease agreement - xxxxxx As per underwriter the loan was already qualified using the lease from 1 unit only. We still have an approval even if not using the rent from all 4 units. - xxxxxx LP, 1008 1003 Lease Agreement - xxxxxx lease agreement, LP , 1008 - xxxxxx lease agreement - xxxxxx as per underwriter lease agreement was waived due to rental income was calculated from Sched E. - xxxxxx |
Corrected AUS (LP)
provided. Condition resolved. -
xxxxxx LP, Lease agreement - xxxxxx Condition upheld. Provide an updated AUS (LP) only using rental income of $xxxxxx for the one unit with a current lease dated from xxxxxx to xxxxxx. AUS (LP), 1008, and 1003, provided has rental income of $xxxxxx. - xxxxxx As per underwriter the loan was already qualified using the lease from 1 unit only. We still have an approval even if not using the rent from all 4 units. - xxxxxx Condition upheld again. The subject property is 4 units. What was provided was a current lease for 1 unit, and new AUS, and a new 1008 and 1003. Provide current lease agreements on all rented units. - xxxxxx LP, 1008 1003 Lease Agreement - xxxxxx Condition upheld. The provided leases are still from xxxxxx and state the Tenant must re-apply xxxxxx. Provide the current lease agreements. - xxxxxx lease agreement, LP , 1008 - xxxxxx Condition upheld. Leases provided are signed and dated xxxxxx with a condition stating: Tenant should submit a new application xxxxxx. Provide the current lease agreements and evidence of rent receipts to match lease amounts. - xxxxxx Condition upheld. Leases provided are signed and dated xxxxxx with a condition stating: Tenant should submit a new application xxxxxx. Provide the current lease agreements and evidence of rent receipts to match lease amounts. - xxxxxx lease agreement - xxxxxx Condition upheld. The investment property was in service 2 months per the 2024 Schedule E provided. The subject loan closed on xxxxxx. The loan file contains a payment history that verifies multiple amounts received in January and February of 2026; however, auditor is unable to determine the actual amount of the rent. The combined payments do not match month to month. - xxxxxx as per underwriter lease agreement was waived due to rental income was calculated from Sched E. - xxxxxx |
2026-04-17 15:59 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116210 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CDA with a Low Risk score and a 0.00% variance to
the appraisal value which meet the lender's guidelines. |
Can you please specify what
specific document need to correct or to provide - xxxxxx |
Can you please specify
what specific document need to correct or to provide - xxxxxx |
2026-03-31 17:41 | Cleared | 1 | 1 | 3 | 1 | ||||
| 4000116210 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-03-27 14:34 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000116290 | xxxxxx | xxxxx | xxxxx | NJ | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 8 | xxxxxx | Credit | Assets - Large Deposits/Acceptable | The loan file does not
contain all required asset documentation. Recent large deposits were not
adequately sourced and/or documented and loan file did not require these
funds to qualify. A copy of the full account statement dated xxxxxxs needed
for the xxxxxx Business Account# ending in xxxxxx, as it is the source for
the bulk of the large deposits flowing in the xxxxxx Business Account# ending
in xxxxxx that was used for closing funds and reserves. |
Access letter
provided. Condition resolved. - xxxxxx
access ltr - xxxxxx It's a xxxxxx business CHECKING account so the information on the 1003 is accurate. It would not be required to add the word business to the 1003. - xxxxxx LOX - xxxxxx bank statements - xxxxxx 2 mos stmt xxxxxx xxxxxx - xxxxxx LOX - xxxxxx |
Access letter
provided. Condition resolved. -
xxxxxx access ltr - xxxxxx Condition upheld pending new conditions added. - xxxxxx It's a xxxxxx business CHECKING account so the information on the 1003 is accurate. It would not be required to add the word business to the 1003. - xxxxxx Condition upheld. Per your LOX, your entry is incorrect, therefore the AUS is incorrect. Account Type should be Business, not Checking Account. - xxxxxx LOX - xxxxxx Condition upheld. AUS Sub #8 does not state business accounts. It states xxxxxx Checking Account xxxxxx $xxxxxx./ Provide this account or re-run the AUS. AUS sub #8 #22 States: When depository assets are used to support the amount of funds required and reserves, document that any deposit that exceeds $xxxxxx (which is 50% of the total income provided on the loan application) that is being used for the down payment, closing costs, or financial reserves is from an acceptable source. Reduce the total assets by any amount that is not documented and resubmit the loan casefile to DU. - xxxxxx bank statements - xxxxxx Condition upheld. AUS states xxxxxx Checking Account xxxxxx $xxxxxx. Provide this account or update the AUS. - xxxxxx 2 mos stmt xxxxxx xxxxxx - xxxxxx Condition upheld. Depending on if the AUS is re-ran per the AUS Discrepancy condition: The AUS (DU) Submission #9 states: When depository assets are used to support the amount of funds required and reserves, document that any deposit that exceeds $xxxxxx (which is 50% of the total income provided on the loan application) that is being used for the down payment, closing costs, or financial reserves is from an acceptable source. Reduce the total assets by any amount that is not documented and resubmit the loan case file to DU. Therefore large deposits over the cited amount will need to documented. - xxxxxx LOX - xxxxxx |
2026-04-22 15:05 | Resolved | 2 | 1 | 3 | 1 | ||||
| 4000116290 | xxxxxx | xxxxx | xxxxx | NJ | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 8 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-03-16 18:14 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000116290 | xxxxxx | xxxxx | xxxxx | NJ | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 8 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-03-16 18:13 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000116290 | xxxxxx | xxxxx | xxxxx | NJ | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 8 | xxxxxx | Credit | AUS - Discrepancy | The AUS final approval data
does not match the 1003/1008 and/or file documents. Per the notes in file,
the loan was approved with $xxxxxx in assets, but the AUS and 1008 reflect
assets of $xxxxxx. Please provide the updated AUS/1008. |
access ltr - xxxxxx It's a xxxxxx business CHECKING account so the information on the 1003 is accurate. It would not be required to add the word business to the 1003. - xxxxxx LOX - xxxxxx 2 mos stmt xxxxxx xxxxxx - xxxxxx 1008 and DU - xxxxxx |
Access letter provided.
Condition resolved. - xxxxxx access ltr - xxxxxx Condition upheld. AUS is incorrect. Borrower is using LLC funds not a personal checking account. Provide corrected AUS and evidence Borrower meets FNMA requirements on using LLC funds to close and reserves. NOTE: CPA letter in file states Borrower only owns 40%. - xxxxxx It's a xxxxxx business CHECKING account so the information on the 1003 is accurate. It would not be required to add the word business to the 1003. - xxxxxx Condition upheld. Per your LOX, your entry is incorrect, therefore the AUS is incorrect. Account Type should be Business, not Checking Account. - xxxxxx LOX - xxxxxx Condition upheld. AUS states xxxxxx Checking Account xxxxxx $xxxxxx. Provide this account or update the AUS. - xxxxxx 2 mos stmt xxxxxx xxxxxx - xxxxxx Condition upheld. AUS (DU) provided shows assets from a Personal Chase Checking Account with a Balance of $xxxxxx was used to qualify, which matches the updated 1008 provided. Provide two months bank statements for this account. - xxxxxx 1008 and DU - xxxxxx |
2026-04-22 15:02 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116290 | xxxxxx | xxxxx | xxxxx | NJ | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 8 | xxxxxx | Credit | Cash reserves less than required by guidelines | Total Cash reserves of
'$-xxxxxx' are less than $0. The Notes from UW states $xxxxxx xxxxxx Business
Account balance, after subtracting required reserves ($xxxxxx) and cash to
close ($xxxxxx), left $xxxxxx. The underwriter also noted that as of xxxxxx,
the borrower used the same account to purchase another property: $xxxxxx
− $xxxxxx (cash to close) = $xxxxxx, then − $xxxxxx (funds for
the additional purchase) = $xxxxxx, and after again subtracting reserves
($xxxxxx), the available balance used in was $xxxxxx. It
Total Cash reserves of '$-xxxxxx' are less than $0. Total Cash
reserves of '$-xxxxxx' are less than $0. |
updated aus - xxxxxx |
Total Cash reserves are
greater than $0. - xxxxxx updated aus - xxxxxx |
2026-04-22 15:19 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116290 | xxxxxx | xxxxx | xxxxx | NJ | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 6 of 8 | xxxxxx | Credit | Assets - Earnest Money Deposit | The earnest money deposit
was not properly documented and/or sourced. Please provide documentation of
the $ EMD deposit. |
not sourced - xxxxxx |
Condition resolved. No EMD Deposit - xxxxxx Document Uploaded. Condition upheld. Per the attached Final Signed CD in file, there is a $xxxxxx EMD Deposit Credit It should further be noted that Contract for Sale states there was to be a $xxxxxx deposit. - xxxxxx not sourced - xxxxxx |
2026-04-22 15:04 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116290 | xxxxxx | xxxxx | xxxxx | NJ | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 7 of 8 | xxxxxx | Credit | Purchase Contract - Parties | All parties were not
properly identified on the Purchase Contract. Provide Addendum to Purchase
Contract showing Borrower as a listed Purchaser. The Contract in file states that xxxxxx as
the Buyer and xxxxxx as the Seller.
The Addendum to Real Estate Contract for Sale in file states: Contract of Sale between
xxxxxx("Buyer") and xxxxxx ("Seller"), dated xxxxxx. Borrower (xxxxxx) signed as a Buyer,
however is not listed as a Buyer. |
COS Addendum - xxxxxx |
COS Addendum was
provided. Condition resolved. -
xxxxxx COS Addendum - xxxxxx |
2026-04-22 13:31 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116290 | xxxxxx | xxxxx | xxxxx | NJ | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 8 of 8 | xxxxxx | Credit | Corporation/LLC: Operating Agreement Doc is Missing | The loan file does not
contain the Corporation/LLC: Operating Agreement. Borrower is using LLC Funds
to close/reserves. Provide LLC docs to
verify Borrower ownership state in LLC, and access letter if needed. |
CPA Letter - xxxxxx |
Access and CPA letter
provided. Condition resolved -
xxxxxx Condition upheld. Provide the Operating Agreement for xxxxxx. - xxxxxx CPA Letter - xxxxxx |
2026-04-22 15:04 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116313 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-03-27 18:00 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000116313 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-03-27 18:00 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000116313 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. |
See attached - xxxxxx |
AVM supporting value was
provided. Condition resolved. -
xxxxxx See attached - xxxxxx |
2026-04-06 19:17 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116313 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Property | Property Inspection Waiver | Appraisal Waiver used as
Primary Value. Allowed per GL - xxxxxx |
2026-06-15 20:29 | Acknowledged | 1 | 1 | 3 | 1 | ||||||
| 4000116326 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-03-30 14:54 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 4000116326 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-03-30 14:54 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 4000116326 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Property | Appraisal is Missing | The file is missing the
appraisal. |
See attached - xxxxxx Why is a 3rd party valuation required? Will a CDA work? - xxxxxx See attached - xxxxxx |
CDA supporting value was
provided. Condition resolved. -
xxxxxx Appraisal is Present or is Waived - xxxxxx See attached - xxxxxx Condition upheld. CDA supporting value is fine. - xxxxxx Why is a 3rd party valuation required? Will a CDA work? - xxxxxx Condition upheld. Appraisal is in file. 3rd party valuation is missing. - xxxxxx See attached - xxxxxx |
Lender to provide required 3rd party valuation product. | 2026-04-08 16:18 | Resolved | 4 | 1 | 4 | 1 | |||
| 4000116329 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with a risk score of 101 and a CDA with Low Risk
and CDA to Appraisal value with 0.00% variance which meets the lender's guidelines.
|
2026-04-16 18:06 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000116329 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-04-16 18:06 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000116329 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-16 18:06 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000116352 | xxxxxx | xxxxx | xxxxx | TX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 2 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 23:37 | Cleared | 1 | 1 | 2 | 1 | ||||||
| 4000116352 | xxxxxx | xxxxx | xxxxx | TX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 2 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 23:37 | Cleared | 1 | 1 | 2 | 1 | ||||||
| 4000116363 | xxxxxx | xxxxx | xxxxx | IL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-03 17:32 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000116363 | xxxxxx | xxxxx | xxxxx | IL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-03 17:32 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000116363 | xxxxxx | xxxxx | xxxxx | IL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-04-03 17:33 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000116369 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 4 | xxxxxx | Credit | HO6 Insurance Policy Effective Date is after the Note Date | HO-6 insurance policy
effective date is after the Note date. HO-6 datedxxxxxx and note datedxxxxxx
|
LOE - xxxxxx |
Note Date isxxxxxx.
Disbursement Date and Effective Date of HOI arexxxxxx. - xxxxxx Condition set in error. Note Date isxxxxxx. Disbursement Date and Effective Date of HOI arexxxxxx. - xxxxxx LOE - xxxxxx |
2026-04-06 16:39 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116369 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-03-31 20:23 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000116369 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 4 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Missing evidence of lease/rental payment for xxxxxx and xxxxxx |
LOE - xxxxxx |
Rental Income/Loss was
calculated per Schedule E. - xxxxxx Condition set in error. Rental Income/Loss was calculated per Schedule E. - xxxxxx LOE - xxxxxx |
2026-04-06 16:40 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116369 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 4 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
2026-03-31 20:22 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000116433 | xxxxxx | xxxxx | xxxxx | LA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-03-21 03:44 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000116433 | xxxxxx | xxxxx | xxxxx | LA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | Post Consummation CD Required | Post Close CD is needed.
The EMD of $xxxxxxwas paidxxxxxxer the Title companies ACH receipt. The
CDxxxxxx does not include a credit for the $xxxxxx EMD. |
Lender Cert - xxxxxx |
PCCD not required -
xxxxxx Lender Cert - xxxxxx |
2026-04-01 14:23 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116433 | xxxxxx | xxxxx | xxxxx | LA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-03-21 03:45 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000116553 | xxxxxx | xxxxx | xxxxx | IN | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-03-26 19:31 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000116553 | xxxxxx | xxxxx | xxxxx | IN | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. The loan was approved using rental income from xxxxxx. Please
provide the mortgage statement from xxxxxx that reflects a payment of xxxxxx
along with the hazard insurance, tax, and HOA statements reflecting a total
payment of $xxxxxx. |
NOTE, CD - xxxxxx INVESTMENT PITI_xxxxxx - xxxxxx |
Note and CD provided. Cited property Loan disbursedxxxxxx. Condition resolved. - xxxxxx NOTE, CD - xxxxxx Condition upheld. Provide evidence of the mortgage payment for the cited property. - xxxxxx INVESTMENT PITI_xxxxxx - xxxxxx |
2026-04-03 13:26 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116553 | xxxxxx | xxxxx | xxxxx | IN | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-03-26 19:32 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000116575 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Credit | Income - Rental Property | Rental income is not
properly documented and/or supported. Lender to provide rental income for
xxxxxx and xxxxxx. The file does not
contain a lease agreement or Schedule E income for these properties. |
UW REBUTTAL - xxxxxx Our underwriter would like to clarify that the borrower does not have any mortgage listed on her credit report. It’s possible that the reference is to her husband’s credit report, who is not part of this loan application. - xxxxxx 1003 FINAL - xxxxxx As per underwriter rental income was not considered for qualifying either property. May you please confirm why this condition was included. - xxxxxx |
REO explanation and
documentation provided. Condition
resolved. - xxxxxx UW REBUTTAL - xxxxxx Condition upheld. If the property does not belong to the Borrower please explain or correct the documentation provided. MLS for cited property was provided, and is cited property is listed on Borrower's 1003. Provide the Note to show Borrower is not obligated. - xxxxxx Our underwriter would like to clarify that the borrower does not have any mortgage listed on her credit report. It’s possible that the reference is to her husband’s credit report, who is not part of this loan application. - xxxxxx Condition upheld. Provided 1003 is incorrect. Provided 1003 states for xxxxxx lender calc is $-xxxxxx. Mortgage Statement in file shows Mortgage Payment is $xxxxxx Also there are 10 mortgages on Borrower's credit report but on three properties plus the primary on the 1003. Please explain. Provide explanation of all mortgages on CR, and a complete and accurate 1003. - xxxxxx 1003 FINAL - xxxxxx Condition upheld. UW statement is incorrect. Per the Final 1003 Income is used for these cited properties (xxxxxx and xxxxxx) The payment for xxxxxx is $xxxxxx yet the rent income is $-xxxxxx the payment for xxxxxx is $xxxxxx yet the ren income is $-xxxxxx. - xxxxxx As per underwriter rental income was not considered for qualifying either property. May you please confirm why this condition was included. - xxxxxx |
2026-04-01 20:08 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116575 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-03-18 17:23 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000116575 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-03-18 17:24 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000116575 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain
the Approval/Underwriting Summary. Please provide the final 1008 |
1008 - xxxxxx 1008 - xxxxxx |
Corrected 1008 was
provided. Condition resolved. -
xxxxxx 1008 - xxxxxx Condition upheld. 1008 provided is incorrect due to rental income calculation. - xxxxxx 1008 - xxxxxx |
2026-03-26 14:11 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000116809 | xxxxxx | xxxxx | xxxxx | VA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-03-24 20:06 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000116809 | xxxxxx | xxxxx | xxxxx | VA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
2026-03-24 20:06 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000116809 | xxxxxx | xxxxx | xxxxx | VA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-03-24 20:05 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000116951 | xxxxxx | xxxxx | xxxxx | NC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-08 15:27 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000116951 | xxxxxx | xxxxx | xxxxx | NC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-08 15:28 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000116951 | xxxxxx | xxxxx | xxxxx | NC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-04-08 15:28 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000117150 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Credit | Missing letter of explanation | Thexxxxxx xxxxxx Bank
statement for the checking account ending in xxxxxx reflects a $xxxxxx
payment to the IRS. Please have the borrower confirm whether this payment is
part of an IRS tax installment agreement and, if applicable, provide the
approved agreement detailing the repayment terms, total balance owed, and
evidence that payments are current. If an ongoing repayment obligation
exists, the borrower’s DTI will need to be reassessed. |
Attached - xxxxxx |
LOE stating Last payment
for xxxxxx Quarterly Estimated Taxes due to capital gains. No quarterly tax
payments set up for xxxxxx. Condition
resolved. - xxxxxx Attached - xxxxxx |
2026-04-07 21:09 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000117150 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-03-30 20:23 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000117150 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-03-30 20:23 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000117515 | xxxxxx | xxxxx | xxxxx | NH | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 5 | xxxxxx | Credit | Income 2 Income Trend is Decreasing | Income 2 income trend is
decreasing. The co-borrower’s monthly income based on the xxxxxx W-2 is
$xxxxxx, while the current paystub dated xxxxxx reflects monthly income of
$xxxxxx, representing a 14.84% decrease. Please provide an explanation for
the decline in income and documentation confirming that the borrower’s
current income level has stabilized. |
Lender Cert and paystubs -
xxxxxx |
Income is not
declining. Only Base pay was used to
qualify. Condition resolved. - xxxxxx Income 2 Income Trend is Resolved - xxxxxx Lender Cert and paystubs - xxxxxx |
xxxxxx 14:26 | Resolved | 1 | 1 | 1 | 1 | ||||
| 4000117515 | xxxxxx | xxxxx | xxxxx | NH | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 5 | xxxxxx | Credit | Hazard Insurance Coverage is less than all Subject Lien(s) | Hazard Insurance Coverage
Amount of $xxxxxx is less than Total Amount of Subject Lien(s) of $xxxxxx
Please provide insurance documentation reflecting sufficient coverage or the
replacement cost estimate. |
Dwelling coverage
confirmation - xxxxxx |
Policy includes an
additional 50% replacement cost for coverage of $xxxxxx. - xxxxxx Hazard Insurance Coverage Amount of $xxxxxx is equal to or greater than Total Amount of Subject Lien(s) or Guaranteed Replacement Coverage is present - xxxxxx Dwelling coverage confirmation - xxxxxx |
2026-04-27 19:01 | Resolved | 3 | 1 | 1 | 1 | ||||
| 4000117515 | xxxxxx | xxxxx | xxxxx | NH | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 5 | xxxxxx | Credit | Income - LOE Missing | The loan file did not
contain a letter of explanation as required. The Verbal Verification Of
employment (xxxxxx) for the borrower dated xxxxxx lists the borrower as a
“managing partner.” Please confirm whether the borrower has an ownership
interest. If ownership is present, the loan will require
self‑employment documentation in accordance with Freddie Mac
guidelines. |
UW condition response -
xxxxxx |
No evidence Borrower is
S/E in file. Condition resolved. -
xxxxxx UW condition response - xxxxxx |
2026-04-20 18:28 | Resolved | 1 | 1 | 1 | 1 | ||||
| 4000117515 | xxxxxx | xxxxx | xxxxx | NH | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 5 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-03-11 18:14 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000117515 | xxxxxx | xxxxx | xxxxx | NH | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 5 of 5 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
2026-03-11 18:14 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000117665 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-03-31 22:12 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000117665 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Property | Appraisal - Miscellaneous | The subject appraisal
reflected issues. DU report has FNMA CU 1.4, but the document in file has
FNMA CU 3 which doesn't match DU and is above the 2.5 threshold |
LP and LCA - xxxxxx |
LCA with a score of 1 was
provided. Condition resolved. -
xxxxxx LP and LCA - xxxxxx |
2026-04-07 14:31 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000117665 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
2026-03-31 22:13 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000117665 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Credit | Approval/Underwriting Summary Deficient | Approval/Underwriting
Summary is deficient. If LP Approval is now being used, provide a corrected
1008 and UW Cover Letter stating LP and not DU. |
1008 - xxxxxx |
Corrected 1008 provided
showing LP now being used and not DU.
Condition resolved. - xxxxxx 1008 - xxxxxx |
2026-04-14 17:34 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000117823 | xxxxxx | xxxxx | xxxxx | WA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 7 | xxxxxx | Credit | Missing VOM or VOR | Verification of Rent
(VOR)/Verification of Mortgage (VOM) Document is Missing. Missing the rent
free letter for B1 - xxxxxx |
updated loe for address
history - xxxxxx Borrower provided updated address of current living arrangements. See updated LOE, proof of ownership, and updated 1003 - xxxxxx Rent Free Letter - xxxxxx Rent Free Letter - xxxxxx |
A more detailed letter
explaining the address variations and xxxxxx was provided. Condition resolved. - xxxxxx Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - xxxxxx updated loe for address history - xxxxxx Borrower to provide a written and signed explanation of residence. Multiple applications have been provided that state Borrower resides in xxxxxx, xxxxxx. xxxxxx, has provided a two signed LOE's stating Borrower lives rent free in xxxxxx and xxxxxx. - xxxxxx Borrower provided updated address of current living arrangements. See updated LOE, proof of ownership, and updated 1003 - xxxxxx Provide evidence that xxxxxx owns the property in question. - xxxxxx Rent Free Letter - xxxxxx Condition upheld. Rent-Free letter must come from the owner of the property the Borrower is living in. - xxxxxx Rent Free Letter - xxxxxx |
2026-04-10 16:45 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000117823 | xxxxxx | xxxxx | xxxxx | WA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 7 | xxxxxx | Credit | Title Document is Partially Present | Title document is
incomplete or only partially present.
File is missing either a Quick EQ/Property Report or the RELP, MRELP,
Transaction Cert, or E&O Policy.
Please supply both required Title documents. 1) Missing the QCD or
escrow instructions adding B2 and spouse - xxxxxx (see the Deed of Trust) |
QCD - xxxxxx |
Title document has been
provided. - xxxxxx QCD provided. Condition resolved. - xxxxxx QCD - xxxxxx |
2026-03-26 17:57 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000117823 | xxxxxx | xxxxx | xxxxx | WA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 7 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Missing the HOA bill for xxxxxx aka xxxxxx as stated in B2's
Letter of Explanation regarding the address change. |
Email from HOA - xxxxxx HOA dues statement - xxxxxx Proof of HOA - xxxxxx Annual HOA dues for xxxxxx - xxxxxx |
Evidence of HOA
provided. Condition resolved. -
xxxxxx Email from HOA - xxxxxx Condition upheld. Provide statement for HOA. A typed Word Doc is not sufficient. - xxxxxx HOA dues statement - xxxxxx Condition upheld. Provide the actual statement. A check to CECCA for $xxxxxx and a print out for the HOA budget does not suffice. The numbers to do match. - xxxxxx Proof of HOA - xxxxxx Condition upheld. Provide the actual statement. - xxxxxx Annual HOA dues for xxxxxx - xxxxxx |
2026-04-10 16:41 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000117823 | xxxxxx | xxxxx | xxxxx | WA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 7 | xxxxxx | Credit | Potential Occupancy/Current Address Issues identified in the file | The loan applications for
B1 show 2 different primary residence addresses in 2 different states, in
addition to the withdrawn applications and re-applied applications - the file
is missing evidence confirming the current residence is the borrower's true primary
residence confirming the subject is no longer owner occupied. |
LOE Address - xxxxxx |
LOE provided. Condition resolved. - xxxxxx LOE Address - xxxxxx |
2026-03-26 17:59 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000117823 | xxxxxx | xxxxx | xxxxx | WA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 7 | xxxxxx | Compliance | The Final 1003 is Not Executed | The final 1003 is not
executed. The Final 1003 is not executed.
|
1003 - xxxxxx |
Executed 1003 provided. -
xxxxxx The final 1003 is executed - xxxxxx 1003 - xxxxxx |
2026-06-15 19:46 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000117823 | xxxxxx | xxxxx | xxxxx | WA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 6 of 7 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-03-24 14:41 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000117823 | xxxxxx | xxxxx | xxxxx | WA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 7 of 7 | xxxxxx | Credit | AUS - Invalid | The AUS is invalid due to
either missing conditions or certain items that are outside of allowable
tolerances. Provided valid AUS (DU).
AUS (DU) in file is a preliminary and not assigned to Lender.
Assets, # of financed properties, income, etc. must be updated. 1008,
and lock state loan approved by DU. |
AUS to match final
1003/1008 - xxxxxx |
Corrected AUS
provided. Condition resolved. -
xxxxxx AUS to match final 1003/1008 - xxxxxx |
2026-03-30 16:42 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000118001 | xxxxxx | xxxxx | xxxxx | UT | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Credit | Borrower 1 WVOE Missing | Borrower 1 WVOE missing.
Lender to provide the most recent one month of pay stubs for the borrower or
the work number verification that includes the YTD and the previous 2 years'
income breakdown. |
Please see attached - xxxxxx |
WVOE was provided. Condition resolved. - xxxxxx Borrower 1 WVOE Provided - xxxxxx Please see attached - xxxxxx |
2026-03-27 16:25 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000118001 | xxxxxx | xxxxx | xxxxx | UT | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-03-25 19:20 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000118001 | xxxxxx | xxxxx | xxxxx | UT | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. The CU located in the loan
file reflects a score of 4.5, which is outside of the guideline requirement
of 2.5 or less. Please provide the third party appraisal review that supports
the appraised value. |
See attached - xxxxxx |
CDA supporting value was
provided. Condition resolved. -
xxxxxx See attached - xxxxxx |
2026-04-09 19:25 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000118028 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were
satisfied. - xxxxxx |
2026-04-01 13:11 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000118028 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-04-01 13:11 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000118028 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
2026-04-01 13:12 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000118204 | xxxxxx | xxxxx | xxxxx | MI | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Compliance | Missing Toolkit Disclosure/Booklet | Home Loan Toolkit is
missing from file. |
See attached - xxxxxx |
Received evidence or
receipt of Your Home Loan Toolkit - xxxxxx See attached - xxxxxx |
2026-03-31 13:19 | Resolved | 2 | 1 | 3 | 1 | ||||
| 4000118204 | xxxxxx | xxxxx | xxxxx | MI | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Property | Subject property appraisal is not on an as-is basis (Primary Value) | Primary value subject
property appraisal is not on an as-is basis. The 1004D is in the file, but
the improvements have not been completed in accordance with the requirements
and conditions stated in the original report (the stone siding has not been
installed). Please provide the final 1004D that shows all improvements have
been completed. |
see attached - xxxxxx |
Completion Cert stating
the stone siding has been installed was provided. Condition resolved. - xxxxxx Primary Value Subject Property Appraisal is completed on an As-Is Basis or Not Applicable - xxxxxx see attached - xxxxxx |
2026-04-07 19:15 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000118204 | xxxxxx | xxxxx | xxxxx | MI | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Credit | Borrower 1 3rd Party VOE Prior to Close Missing | Borrower 1 3rd party VOE
prior to close missing. Please provide the verbal verification of employment
that is dated within 10 days of the Note date of xxxxxxor the borrower. |
See attached - xxxxxx |
VVOE provided. Condition resolved. - xxxxxx Borrower 1 3rd Party VOE prior to close was provided. - xxxxxx See attached - xxxxxx |
2026-03-31 19:29 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000118210 | xxxxxx | xxxxx | xxxxx | NC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-03-30 23:23 | Cleared | 1 | 1 | 4 | 1 | |||||
| 4000118210 | xxxxxx | xxxxx | xxxxx | NC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Credit | Mortgage Insurance Cert Missing | Mortgage Insurance is
present but mortgage insurance cert is missing. The loan file is missing the
MI Cert. |
Attached - xxxxxx |
MI Cert provided. Condition resolved. - xxxxxx Mortgage Insurance is Present and Mortgage Insurance Cert has been provided or Mortgage Insurance is not Present - xxxxxx Attached - xxxxxx |
2026-04-01 18:57 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000118210 | xxxxxx | xxxxx | xxxxx | NC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
2026-03-30 23:23 | Cleared | 1 | 1 | 4 | 1 | |||||
| 4000118421 | xxxxxx | xxxxx | xxxxx | ID | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-04-01 15:11 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000118421 | xxxxxx | xxxxx | xxxxx | ID | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-04-01 15:12 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000118421 | xxxxxx | xxxxx | xxxxx | ID | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
2026-04-01 15:12 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000118785 | xxxxxx | xxxxx | xxxxx | FL | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-04-06 19:42 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000118785 | xxxxxx | xxxxx | xxxxx | FL | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-04-06 19:42 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000118785 | xxxxxx | xxxxx | xxxxx | FL | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. The loan file is missing the xxxxxx
Rate Lock. |
Attached - xxxxxx |
Document Uploaded.
Investor lock provided. Condition
resolved. - xxxxxx Attached - xxxxxx |
2026-04-08 17:17 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000118844 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-04-01 15:42 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000118844 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
2026-04-01 15:43 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000118844 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-04-01 15:43 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000118882 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 5 | xxxxxx | Credit | Borrower 1 W2/1099 Less Than 24 Months Provided | Borrower 1 W2/1099 less
than 24 months provided. Per the lock agreement, the borrower was approved
using 24 months of income; however, only the xxxxxx W-2 has been provided.
Please provide W-2s for an additional year to support the income history. |
Investor confirms 1 year
is sufficient although loan was locked as two years income, condition
resolved. - xxxxxx |
2026-04-06 19:58 | Resolved | 3 | 1 | 3 | 1 | |||||
| 4000118882 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 5 | xxxxxx | Credit | Borrower 1 Business Tax Returns Less Than 24 Months Provided | Borrower 1 business tax
returns less than 24 months provided in the file. Per the lock agreement, the
borrower was approved using 24 months of income; however, only the xxxxxx
business tax return has been provided. Please provide business tax returns
for an additional year to support the income history. |
Investor confirms 1 year
is sufficient although loan was locked as two years income, condition
resolved. - xxxxxx |
2026-04-06 19:59 | Resolved | 3 | 1 | 3 | 1 | |||||
| 4000118882 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 5 | xxxxxx | Credit | Borrower 1 Personal Tax Returns Less Than 24 Months Provided | Borrower 1 personal tax
returns less than 24 months provided. Per the lock agreement, the borrower
was approved using 24 months of income; however, only the xxxxxx personal tax
return has been provided. Please providepersonal tax returns for an additional
year to support the income history. |
Investor confirms 1 year
is sufficient although loan was locked as two years income, condition
resolved. - xxxxxx |
2026-04-06 19:59 | Resolved | 3 | 1 | 3 | 1 | |||||
| 4000118882 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 5 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-03-31 19:37 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000118882 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 5 | xxxxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. Please provide the third
party valuation product to support the appraised value of $xxxxxx. |
Appraisal Review CDA -
xxxxxx |
CDA supporting value was
provided. Condition resolved. -
xxxxxx Appraisal Review CDA - xxxxxx |
2026-04-08 16:12 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119074 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-06 19:59 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000119074 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-06 19:58 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000119074 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. The loan file is missing the xxxxxx Rate Lock. |
Lock - xxxxxx |
Investor lock
provided. Condition resolved. -
xxxxxx Evidence of Rate Lock Provided - xxxxxx Lock - xxxxxx |
2026-04-14 17:48 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119079 | xxxxxx | xxxxx | xxxxx | CA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 4 | xxxxxx | Credit | Missing or incomplete income documentation for 1 or 2 Year Full Doc | Loan is a 1YR Full Doc or
2YR Full Doc. Missing minimum years
W2s, tax returns, or 1099s and/or 1 month paystubs. Borrower has provided what is required per AUS to support income. Verified Doc Type is '1YR Full Doc' but provided income documentation for Borrower 1 Personal Tax Returns, Business Tax Returns, or W2/1099 is not '1 YR', or insufficient verified Paystubs were provided. Loan is a 1YR Full Doc or 2YR Full Doc. Missing minimum years W2s, tax returns, or 1099s and/or 1 month paystubs. Verified Doc Type is '1YR Full Doc' but provided income documentation for Borrower 1 Personal Tax Returns, Business Tax Returns, or W2/1099 is not '1 YR', or insufficient verified Paystubs were provided. Verified Doc Type is '1YR Full Doc' but provided income documentation for Borrower 1 Personal Tax Returns, Business Tax Returns, or W2/1099 is not '1 YR', or insufficient verified Paystubs were provided. |
See attached - xxxxxx |
2 years 1009-R provided.
Condition resolved. - xxxxxx Verified Doc Type is '1YR Full Doc' but provided income documentation for Borrower 1 Personal Tax Returns, Business Tax Returns, or W2/1099 is not '1 YR', or insufficient verified Paystubs were provided. - xxxxxx Verified Doc Type is '1YR Full Doc' but provided income documentation for Borrower 1 Personal Tax Returns, Business Tax Returns, or W2/1099 is not '1 YR', or insufficient verified Paystubs were provided. Loan is a 1YR Full Doc or 2YR Full Doc. Missing minimum years W2s, tax returns, or 1099s and/or 1 month paystubs.2 years 1009-R provided. Condition resolved. - xxxxxx 2 years 1009-R provided. Condition resolved. - xxxxxx 1099-R provided. Condition resolved. - xxxxxx Validation resolved - xxxxxx Validation resolved Loan is a 1YR Full Doc or 2YR Full Doc. Missing minimum years W2s, tax returns, or 1099s and/or 1 month paystubs. - xxxxxx See attached - xxxxxx |
2026-06-19 15:47 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000119079 | xxxxxx | xxxxx | xxxxx | CA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 4 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
2026-03-18 23:26 | Cleared | 1 | 1 | 4 | 1 | |||||
| 4000119079 | xxxxxx | xxxxx | xxxxx | CA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 4 | xxxxxx | Property | Appraisal is Missing | The file is missing the
appraisal. Lender to provide AVM from an approved xxxxxx vendor. |
See attached - xxxxxx |
AVM supporting value was
provided. Condition resolved. -
xxxxxx Appraisal is Present or is Waived - xxxxxx See attached - xxxxxx |
2026-04-01 14:22 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000119079 | xxxxxx | xxxxx | xxxxx | CA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 4 | xxxxxx | Credit | Borrower 1 W2/1099 Less Than 24 Months Provided | Borrower 1 W2/1099 less
than 24 months provided. |
See attached - xxxxxx |
2 years 1009-R
provided. Condition resolved -
xxxxxx Borrower 1 W2/1099 Less Than 24 or More Months Provided Condition Resolved - xxxxxx See attached - xxxxxx Borrower 1 W2/1099 less than 24 months provided. - xxxxxx |
2026-06-19 15:47 | Resolved | 1 | 1 | 4 | 1 | ||||
| 4000119092 | xxxxxx | xxxxx | xxxxx | WA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. On the 1008, there is a $xxxxxx per month supplemental property
insurance shown for the Non-Subject Primary Residence located atxxxxxx.
However, there is no source documentation in file. Please provide the corresponding source
documentation for the supplemental property insurance. |
This was listed in error,
updated 1008 and LP findings attached. - xxxxxx |
Explanation, 1008 and new
AUS (LP) provided. Condition resolved.
- xxxxxx This was listed in error, updated 1008 and LP findings attached. - xxxxxx |
2026-04-16 13:02 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119092 | xxxxxx | xxxxx | xxxxx | WA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-04-07 11:50 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000119092 | xxxxxx | xxxxx | xxxxx | WA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
2026-04-07 11:50 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000119148 | xxxxxx | xxxxx | xxxxx | TX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-03-25 16:04 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 4000119148 | xxxxxx | xxxxx | xxxxx | TX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Credit | Mortgage Insurance Cert Missing | Mortgage Insurance is
present but mortgage insurance cert is missing. The loan file is missing the
MI Certificate. |
See attached. - xxxxxx |
MI Cert provided. Condition resolved. - xxxxxx Mortgage Insurance is Present and Mortgage Insurance Cert has been provided or Mortgage Insurance is not Present - xxxxxx See attached. - xxxxxx |
2026-03-27 19:02 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000119148 | xxxxxx | xxxxx | xxxxx | TX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-03-25 16:04 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 4000119228 | xxxxxx | xxxxx | xxxxx | WA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-04-02 22:09 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000119228 | xxxxxx | xxxxx | xxxxx | WA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-04-02 22:09 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000119228 | xxxxxx | xxxxx | xxxxx | WA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
2026-04-02 22:10 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000119275 | xxxxxx | xxxxx | xxxxx | IL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-13 21:28 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000119275 | xxxxxx | xxxxx | xxxxx | IL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-04-13 21:28 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000119275 | xxxxxx | xxxxx | xxxxx | IL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | Missing Business Purpose Affidavit | File is missing statement
of business purpose. Missing Business Purpose Affidavit. |
LOE - xxxxxx |
Not required on Agency non
cash-out loans. Condition resolved. -
xxxxxx LOE - xxxxxx |
2026-04-16 19:55 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119305 | xxxxxx | xxxxx | xxxxx | GA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Credit | Borrower 1 3rd Party VOE Prior to Close Missing | Borrower 1 3rd party VOE
prior to close missing. B1 - The real estate license has no print date to
confirm current and still employed. This document is also used for the VOE
PTC per the processor. An updated VOE confirming the Real Estate Broker is
still actively licensed is needed. |
Attached - xxxxxx |
Borrower 1 3rd Party VOE
prior to close was provided. - xxxxxx Attached - xxxxxx |
2026-03-24 18:11 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119305 | xxxxxx | xxxxx | xxxxx | GA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Credit | Liabilities - Not Verified | The application lists debts
that were not verified on the credit report and not independently verified.
1. Need an LOE regarding the xxxxxx inquiry xxxxxx. The credit report was
pulledxxxxxx & reissuedxxxxxx 30 days since it opened. There is no LOE nor
statement for this liability confirming no new debt has incurred. 2. Per DU approval xxxxxx bal $xxxxxx was omitted. Per DU- For each liability that belongs to the borrower, provide documentation that supports the omission. Balance was not included in the required reserves. |
1. There is a new xxxxxx
account already on credit report per the inquiry made. I attached the Signed CEL It includes the
new debt for xxxxxx account. 2. xxxxxx account is a monthly account and
marked – we accounted for the additional assets needed to cover the balance
of $xxxxxx. The account should of been left as the open 30 day account. I
have also attached an updated AUS. -
xxxxxx |
xxxxxx is a 30-day account
and balance was included to the verified reserves required. The two xxxxxx
are new and reported on the CR in file, condition resolved. - xxxxxx Condition set in error. xxxxxx is a 30-day account and balance was included to the verified reserves required. The two SYNB are new and reported on the CR in file. - xxxxxx 1. There is a new xxxxxx account already on credit report per the inquiry made. I attached the Signed CEL It includes the new debt for xxxxxx account. 2. xxxxxx account is a monthly account and marked – we accounted for the additional assets needed to cover the balance of $xxxxxx. The account should of been left as the open 30 day account. I have also attached an updated AUS. - xxxxxx |
2026-04-15 21:27 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119305 | xxxxxx | xxxxx | xxxxx | GA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Credit | Missing Property Tax Cert | Missing property tax cert.
Missing the property tax bill for the subject. Missing documentation to
validate $xxxxxxmo/$xxxxxx annually used in qualifying/approval. |
Attached - xxxxxx Attached - xxxxxx Title shows the amount for xxxxxx. We updated the AUS. Please see attached title and AUS - xxxxxx Tax information was provided on title work and coversheet --- the property is tax exempt. - xxxxxx |
Tax Cert was
provided. Condition resolved. -
xxxxxx property tax cert provided - xxxxxx Attached - xxxxxx We are just needing a tax cert to confirm the tax amount, the loan qualifies at the higher figure, we just need the cert to show as accurate, condition remains unless evidence can be provided to confirm the lesser tax amount as the appraisal also shows the higher taxable figures. - xxxxxx Attached - xxxxxx Condition upheld. Taxes on Title provided are not correct. The Tax Cert in file shows more and the Appraisal shows $xxxxxx per year. Provide current property Tac Cert. - xxxxxx Title shows the amount for xxxxxx. We updated the AUS. Please see attached title and AUS - xxxxxx Condition upheld. Property is not Tax Exempt as there is a Tax Cert in file. It should further be noted that the AUS (DU) provided in the file has a Property Tax amount of $xxxxxx included in the PITIA. Provide this verification. - xxxxxx Condition upheld. Property is not Tax Exempt as there is a Tax Cert in file. It should further be noted that the AUS (DU) provided in the file has a Property Tax amount of $xxxxxx included in the PITIA. Provide this verification. - xxxxxx Tax information was provided on title work and coversheet --- the property is tax exempt. - xxxxxx |
xxxxxx 21:04 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119305 | xxxxxx | xxxxx | xxxxx | GA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Property | Appraisal - Miscellaneous | The subject appraisal
reflected issues. Corrections to the appraisal needed: 1) The appraisal shows
Owner Occupied for investment property. 1) The Market Rent schedule shows
VACANT for tenant occupied property. |
This is an investment
property Cash Out refinance so should be Tenant. - xxxxxx |
Corrected Appraisal has
been provided. Condition resolved. -
xxxxxx This is an investment property Cash Out refinance so should be Tenant. - xxxxxx |
2026-04-08 14:24 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119322 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU with risk score < 2.5 which meets the lender's
guidelines. |
2026-04-24 20:18 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000119322 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-04-24 20:19 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000119322 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-24 20:18 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000119323 | xxxxxx | xxxxx | xxxxx | WA | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 5 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-07 18:06 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000119323 | xxxxxx | xxxxx | xxxxx | WA | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 5 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-07 18:06 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000119323 | xxxxxx | xxxxx | xxxxx | WA | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 5 | xxxxxx | Compliance | Lender Credits That Cannot Decrease Test (xxxxxx1262) | The baseline amount of
non-specific (lump sum) lender credits and specific lender credits disclosed
is ($xxxxxx). The Last CD shows a total lender credit amount of ($xxxxxx).
The following fees "lender credits" have decreased below their
baseline amounts (General Lender Credit). Non-specific lender credits are
generalized payments that do not pay for a particular fee. Specific lender
credits are specific payments to pay for a specific fee. The total amount of
non-specific and specific lender credits cannot decrease unless a new
disclosure is provided and there is a valid changed circumstance associated
with the re-disclosure, or the creditor provides an additional credit for the
increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3)(i) and
comments 19(e)(3)(i)-5 and -6; 12 CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6);
12 CFR 1026.38(h)). The lender credit decreased without a valid changed
circumstance in the file showing the change. |
Received CIC for the
decreased lender credit - xxxxxx COC CD - xxxxxx |
Received CIC for the
decreased lender credit - xxxxxx COC CD - xxxxxx |
2026-04-22 18:57 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119323 | xxxxxx | xxxxx | xxxxx | WA | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 5 | xxxxxx | Compliance | Charges That Cannot Increase Test (xxxxxx1251) | The following fee(s) have
either increased above the amount disclosed within each fee(s) baseline
disclosure OR have been added to the Cannot Increase Category: Appraisal Fee.
Each fee within the Cannot Increase category cannot increase or be added
unless a new disclosure is provided and there is a valid changed circumstance
associated with the increased fee that is re-disclosed. (12 CFR
1026.19(e)(3); 12 CFR 1026.19(e)(4)). The Appraisal Fee was added on the LE
issued 3/10 without a valid changed circumstance in the file. |
COC LE - xxxxxx |
Received CIC for the
additional fee - xxxxxx Resolved - xxxxxx Received CIC for the additional fee - xxxxxx COC LE - xxxxxx |
2026-04-22 19:06 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119323 | xxxxxx | xxxxx | xxxxx | WA | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 5 of 5 | xxxxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Lender to provide most recent xxxxxx lock confirmation with xxxxxx,
missing from the loan file. |
Lock confirm - xxxxxx |
xxxxxx Rate lock
provided. Condition resolved. -
xxxxxx Lock confirm - xxxxxx |
2026-04-22 16:26 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119328 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 5 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. #1) Missing the new
payment statements with xxxxxx Corp for 1) xxxxxx |
See attached - xxxxxx |
REO Docs provided. Condition resolved. - xxxxxx See attached - xxxxxx |
2026-05-07 12:48 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119328 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 5 | xxxxxx | Credit | Third Party Fraud Report Partially Provided | Third party fraud report
partially provided. The first 7 pages of the Fraud Report are missing.
Provide full Fraud Report. |
See attached - xxxxxx |
Third Party Fraud Report
is fully present - xxxxxx See attached - xxxxxx |
2026-04-28 20:00 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119328 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 5 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were
satisfied. |
2026-04-24 20:42 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000119328 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 5 | xxxxxx | Credit | Income and Employment Do Not Meet Guidelines | Income and employment do
not meet guidelines. Income for REO properties xxxxxx, xxxxxx, xxxxxx,
xxxxxx, xxxxxx, xxxxxx, & xxxxxx should have been calculated using the
1065 taxes/K-1. The properties are not filed on borrowers personal returns,
therefore individual income calculation for each property was incorrect. |
See attached - xxxxxx |
Per FNMA the 8825 can be
used. Condition resolved. - xxxxxx Income and Employment Meet Guidelines - xxxxxx See attached - xxxxxx |
2026-05-07 12:52 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119328 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 5 | xxxxxx | Compliance | The Final 1003 is Incomplete | The final 1003 is
incomplete. 1003 to be updated with 1065 (K-1)/REO income. |
See attached - xxxxxx |
Updated Fraud Report
provided. Condition resolved. -
xxxxxx The final 1003 is present - xxxxxx See attached - xxxxxx |
2026-04-28 20:01 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119333 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Credit | Borrower 1 1040 Schedule E Missing | The 1040 Schedule E for the
primary borrower is missing from the file. Lender to provide 1040 Schedule E
for rental income verification. |
See attached - xxxxxx |
xxxxxx 8825 and Statement
breakdown was provided. Condition
resolved. - xxxxxx Borrower 1 1040 Schedule E Provided - xxxxxx See attached - xxxxxx |
2026-04-28 20:38 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119333 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Credit | Income - Income Documentation Missing | The loan file did not
contain the required income documentation. Lender to provide the following
documentation to support Notes Receivable income used: Copy of
the Note reflecting original balance, interest rate, payment amount,
frequency and remaining term as well as proof of receipt for the last 12
months and evidence of 3 year continuance. |
see attached - xxxxxx |
Copy of the Notes and Bank
Statements were provided. Condition
resolved. - xxxxxx see attached - xxxxxx |
2026-04-28 20:39 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119333 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-24 15:02 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000119333 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-04-24 15:03 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000119344 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 5 | xxxxxx | Credit | Assets - Authorization Access for Joint Account | The file does not contain
authorization access for funds from joint account holder. The borrower holds
50% ownership of xxxxxx per the 2024 K-1.
The non‑borrowing member (50% owner) ofxxxxxx must provide an account
access letter, as 100% of the funds held in xxxxxx Business Checking Accounts
ending in xxxxxx and xxxxxx were included in Post‑Closing
Liquidity/Reserves per LP. |
1008, 1003. 100 % access
letter - xxxxxx |
Access Letter from
Business partner was provided.
Condition resolved. - xxxxxx 1008, 1003. 100 % access letter - xxxxxx |
2026-04-10 17:15 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119344 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 5 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-04-07 22:19 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000119344 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 5 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-04-07 22:19 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000119344 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 5 | xxxxxx | Credit | Income 5 Months Income Verified is Missing | Income 5 months income
verified is missing. The AUS and 1008 reflects income of $xxxxxx, but is not
shown on the final 1003 nor are there income documents provided to support
this income. |
LOE - xxxxxx xxxxxx - cashflow $xxxxxx - xxxxxx - cashflow -$xxxxxx = $xxxxxx - xxxxxx May we ask for your further clarification regarding the difference between 1003 and 1008 received from Corr 2 versus LQB as per our underwriter - xxxxxx 1008, 1003, 100% access letter - xxxxxx |
Income 5 Months Income
Verified is Present Or Not Applicable - xxxxxx Condition resolved. Rental income/loss, not employment. - xxxxxx Income was entered in error. - xxxxxx LOE - xxxxxx Condition upheld. See AUS Condition. - xxxxxx xxxxxx - cashflow $xxxxxx - xxxxxx - cashflow -$xxxxxx = $xxxxxx - xxxxxx Condition upheld. The 1008 provided states: Other Income $xxxxxx. What is this income? Is is not on the provided 1003. Where is the documentation of this income. Please explain and provide evidence to support this income. - xxxxxx May we ask for your further clarification regarding the difference between 1003 and 1008 received from Corr 2 versus LQB as per our underwriter - xxxxxx Condition upheld. Provide an explanation of what changes were made as this makes no sense. - xxxxxx 1008, 1003, 100% access letter - xxxxxx |
2026-04-28 14:28 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119344 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 5 | xxxxxx | Credit | AUS - Discrepancy | The AUS final approval data
does not match the 1003/1008 and/or file documents. Per the final 1003, net
rental loss from xxxxxx for $xxxxxx and rental income from xxxxxx for xxxxxx
was used in the approval. This income is not reflected on the final 1008 nor
AUS. Using the rental income, the DTI increases from 3% to 20.98%. If the
liabilities for these properties are being exclude, please provide
documentation to support the omission. |
LOE - xxxxxx LOE - xxxxxx As per underwriter Attached again the 1003, 1008 and AUS. All documentations provided are the same as in the concurrent loan xxxxxx. - xxxxxx Condition upheld. The AUS final approval data does not match the 1003/1008 and/or file documents. Per the final 1003, net rental loss from xxxxxx for $xxxxxx and rental income from xxxxxx for xxxxxx was used in the approval. This income is not reflected on the final 1008 nor AUS. Using the rental income, the DTI increases from 3% to 20.98%. If the liabilities for these properties are being exclude, please provide documentation to support the omission. - xxxxxx May we ask for your further clarification regarding the difference between 1003 and 1008 received from Corr 2 versus LQB as per our underwriter - xxxxxx 1003,1008 , access letter 100% - xxxxxx |
LOE, 1003, and 1008
provided. Income calculation
reviewed. Condition resolved. -
xxxxxx LOE - xxxxxx Condition upheld. Rental income calculation is incorrect for xxxxxx and xxxxxx. Per the Final 1003 xxxxxx has two liens with payments of $xxxx and xxxxx for a total of $xxxxand rental income of xxxxxx. x xxxx has 2 liens as well $xxxxxxand $xxxxxx with rental income of $xxxxxx. Provided corrected 1008, 1003 and AUS with correct rental income/loss amounts using correct vacancy factor. Both liens on both properties are marked as current and open. - xxxxxx LOE - xxxxxx Condition upheld. The AUS states Total income of $xxxxxx. The 1008 states income of Base: $xxxxxx, Other income: $xxxxxx, Positive Cash Flow: $xxxxxx for a total income of $xxxxxx. WHAT IS THE OTHER INCOME? The 1003 states income of $xxxxxx, 861-863 income of $xxxxxx, xxxxxx Income of $xxxxxx, xxxxxx loss of ($xxxxxx). THIS INCOME DOES NOT ADD UP BETWEEN THE THREE. - xxxxxx As per underwriter Attached again the 1003, 1008 and AUS. All documentations provided are the same as in the concurrent loan xxxxxxxx. - xxxxxx Condition upheld. The AUS final approval data does not match the 1003/1008 and/or file documents. Per the final 1003, net rental loss from xxxxxx for $xxxxxx and rental income from xxxxxx for xxxxxx was used in the approval. This income is not reflected on the final 1008 nor AUS. Using the rental income, the DTI increases from 3% to 20.98%. If the liabilities for these properties are being exclude, please provide documentation to support the omission. - xxxxxx Condition upheld. The AUS final approval data does not match the 1003/1008 and/or file documents. Per the final 1003, net rental loss from xxxxxx for $xxxxxx and rental income from xxxxxx for xxxxxx was used in the approval. This income is not reflected on the final 1008 nor AUS. Using the rental income, the DTI increases from 3% to 20.98%. If the liabilities for these properties are being exclude, please provide documentation to support the omission. - xxxxxx May we ask for your further clarification regarding the difference between 1003 and 1008 received from Corr 2 versus LQB as per our underwriter - xxxxxx Condition upheld. Provide an explanation of what changes were made as this makes no sense. 1008 is the same 1008 in file. - xxxxxx 1003,1008 , access letter 100% - xxxxxx |
2026-04-28 14:31 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119348 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than
total amount of subject lien(s). Title coverage provided is missing total
coverage amount. |
TITLEPOLICY - xxxxxx |
Final Title Policy
provided. Condition resolved. -
xxxxxx Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xxxxxx TITLEPOLICY - xxxxxx |
2026-04-10 17:38 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119348 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. The loan file is missing the new Note/Final CD/ mortgage
information, Taxes, HOI and HOA, forxxxxxx and xxxxxx . Both of those
properties were refinanced the same day as the subject property; therefore,
the new payment information needs to be provided to verify the current
DTI. |
PITI, NOTE , FINAL CD -
xxxxxx Condition upheld. Provide the Final CD's, Notes, or 1st payment letters that was originally stated forxxxxxx and xxxxxx Ave. - xxxxxx May we ask for your further clarification regarding the difference between 1003 and 1008 received from Corr 2 versus LQB per our underwriter - xxxxxx 1003 1008 - xxxxxx |
Note and CD provided. Condition resolved. - xxxxxx PITI, NOTE , FINAL CD - xxxxxx Condition upheld. The 1003 and 1008 do not prove payment amounts. Provide the Final CD's, Notes, or 1st payment letters that was originally stated. - xxxxxx Condition upheld. Provide the Final CD's, Notes, or 1st payment letters that was originally stated forxxxxxx and xxxxxx Ave. - xxxxxx May we ask for your further clarification regarding the difference between 1003 and 1008 received from Corr 2 versus LQB per our underwriter - xxxxxx Condition upheld. The 1003 and 1008 do not prove payment amounts. Provide the Final CD's, Notes, or 1st payment letters that was originally stated. - xxxxxx 1003 1008 - xxxxxx |
2026-04-17 15:23 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119348 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-04-07 22:26 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000119348 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-04-07 22:26 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000119352 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 8 | xxxxxx | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than
total amount of subject lien(s). Title coverage is insufficient, as the
insured amount is less than the total amount of the subject lien(s).
Additionally, the title policy does not clearly detail the insured amount.
|
TITLE POLICY - xxxxxx |
Final Title policy
provided. Condition resolved. -
xxxxxx Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xxxxxx TITLE POLICY - xxxxxx |
2026-04-10 18:31 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119352 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 8 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-04-08 12:04 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000119352 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 8 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-04-08 12:04 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000119352 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 8 | xxxxxx | Credit | Asset 1 Missing | Asset documentation is
missing from the file. The loan file is missing the Bank statements. |
BANK STATEMENTS - xxxxxx |
Assets provided. Condition
resolved. - xxxxxx Asset 1 Provided - xxxxxx BANK STATEMENTS - xxxxxx |
2026-04-10 18:24 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119352 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 8 | xxxxxx | Credit | Asset 2 Missing | Asset documentation is
missing from the file. The loan file is missing the Bank statements. |
bank statement - xxxxxx |
Assets provided. Condition
resolved. - xxxxxx Asset 2 Provided Or Not Applicable - xxxxxx bank statement - xxxxxx |
2026-04-10 18:24 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119352 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 6 of 8 | xxxxxx | Credit | Asset 3 Missing | Asset documentation is
missing from the file. The loan file is missing the Bank statements. |
BANK STATEMENT - xxxxxx |
Assets provided. Condition
resolved. - xxxxxx Asset 3 Provided Or Not Applicable - xxxxxx BANK STATEMENT - xxxxxx |
2026-04-10 18:25 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119352 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 7 of 8 | xxxxxx | Credit | Asset 4 Missing | Asset documentation is
missing from the file. The loan file is missing the Bank statements. |
BANK STATEMENT - xxxxxx |
Assets provided. Condition
resolved. - xxxxxx Asset 4 Provided Or Not Applicable - xxxxxx BANK STATEMENT - xxxxxx |
2026-04-10 18:26 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119352 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 8 of 8 | xxxxxx | Credit | Assets - Authorization Access for Joint Account | The file does not contain
authorization access for funds from joint account holder. Provide access
letter for business account. |
ACCESS LETTER - xxxxxx |
Access Letter
provided. Condition resolved. -
xxxxxx ACCESS LETTER - xxxxxx |
2026-04-15 13:50 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119354 | xxxxxx | xxxxx | xxxxx | NJ | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-10 23:36 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000119354 | xxxxxx | xxxxx | xxxxx | NJ | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-04-10 23:35 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000119354 | xxxxxx | xxxxx | xxxxx | NJ | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-10 23:35 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000119412 | xxxxxx | xxxxx | xxxxx | NV | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-03 14:53 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000119412 | xxxxxx | xxxxx | xxxxx | NV | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-03 14:53 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000119412 | xxxxxx | xxxxx | xxxxx | NV | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-04-03 14:53 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000119450 | xxxxxx | xxxxx | xxxxx | WA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 5 | xxxxxx | Credit | Borrower 2 3rd Party VOE Prior to Close Missing | Borrower 2 3rd party VOE
prior to close missing. Lender to provide the preclose 10-day VVOE's for both
borrowers |
B2 VVOE - xxxxxx |
VVOE provided. Condition resolved. - xxxxxx Borrower 2 3rd party VOE prior to close was provided. (Number of Borrowers equals 2) - xxxxxx B2 VVOE - xxxxxx |
2026-05-20 20:49 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119450 | xxxxxx | xxxxx | xxxxx | WA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 5 | xxxxxx | Credit | Borrower 1 3rd Party VOE Prior to Close Missing | Borrower 1 3rd party VOE
prior to close missing. |
B1 VVOE - xxxxxx |
VVOE provided. Condition resolved. - xxxxxx Borrower 1 3rd Party VOE prior to close was provided. - xxxxxx B1 VVOE - xxxxxx |
2026-05-20 20:49 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119450 | xxxxxx | xxxxx | xxxxx | WA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 5 | xxxxxx | Property | Appraisal - Appraiser License Expired | The subject appraiser's
license is expired/deficient. The appraiser current license is missing from
the appraisal. Lender to provide a copy of it. |
Appraiser license -
xxxxxx |
Per ASC, Appraiser's
License is current in Idaho and Washington States. Condition resolved. -
xxxxxx Appraiser license - xxxxxx |
2026-05-21 17:58 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119450 | xxxxxx | xxxxx | xxxxx | WA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 5 | xxxxxx | Credit | Purchase Contract - Addendum Missing | The Purchase Contract
Addendum is missing. Lender to provide a fully executed addendum to the
purchase contract moving the closing date fromxxxxxxoxxxxxx |
Purchase contract addendum
- xxxxxx |
Contract Addendum was
provided. Condition resolved. -
xxxxxx Purchase contract addendum - xxxxxx |
2026-05-21 18:00 | Resolved | 2 | 1 | 3 | 1 | ||||
| 4000119450 | xxxxxx | xxxxx | xxxxx | WA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 5 of 5 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-05-14 15:16 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000119454 | xxxxxx | xxxxx | xxxxx | IL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-09 19:39 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000119454 | xxxxxx | xxxxx | xxxxx | IL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-04-09 19:39 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000119454 | xxxxxx | xxxxx | xxxxx | IL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-09 19:39 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000119474 | xxxxxx | xxxxx | xxxxx | LA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Credit | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Verification of Rent
(VOR)/Verification of Mortgage (VOM) Document is incomplete. Lender to
provide a VOR for borrower 3. He has been renting since 8/25. |
Please see attached VOR
showing the $xxxxxx monthly amount. The lease attached on page 15 shows the
$xxxxxx is the new tenants payment however we were counting the $xxxxxx in
the DTI. - xxxxxx B3 lease - xxxxxx |
VOR provided. Condition resolved. - xxxxxx Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - xxxxxx Please see attached VOR showing the $xxxxxx monthly amount. The lease attached on page 15 shows the $xxxxxx is the new tenants payment however we were counting the $xxxxxx in the DTI. - xxxxxx Condition upheld. Documentation provided does state Borrower Pay history. - xxxxxx B3 lease - xxxxxx |
xxxxxx 16:52 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119474 | xxxxxx | xxxxx | xxxxx | LA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-04-01 15:08 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000119474 | xxxxxx | xxxxx | xxxxx | LA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-04-01 15:08 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000119583 | xxxxxx | xxxxx | xxxxx | SC | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 1 of 4 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-20 20:22 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000119583 | xxxxxx | xxxxx | xxxxx | SC | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 2 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were
satisfied. |
2026-04-20 20:23 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000119583 | xxxxxx | xxxxx | xxxxx | SC | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 3 of 4 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-04-20 20:22 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000119583 | xxxxxx | xxxxx | xxxxx | SC | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 4 of 4 | xxxxxx | Property | Property Inspection Waiver | Appraisal Waiver used as
Primary Value. Allowed per GL - xxxxxx |
2026-06-15 20:31 | Acknowledged | 1 | 1 | 1 | 1 | ||||||
| 4000119657 | xxxxxx | xxxxx | xxxxx | MT | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
2026-03-31 15:04 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000119657 | xxxxxx | xxxxx | xxxxx | MT | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
2026-03-31 15:04 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000119657 | xxxxxx | xxxxx | xxxxx | MT | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Property | Value - AVM/BPO/Desk Review did not support Value within -10% | The 3rd party review
product did not support the value within a -10% variance. The loan file
contained an AVM by Clear capital which reflected the Confidence Score of 72%
which is below the required score of >80. An Additional Third-party Review
is required. |
xxxxxx is xxxxxx. This is
on the approved list. - xxxxxx AVM - xxxxxx |
AVM provided. Condition
resolved. - xxxxxx xxxxxx is xxxxxx. This is on the approved list. - xxxxxx Document Uploaded. Condition upheld. See attached Approved AVM Vendor List. - xxxxxx AVM - xxxxxx |
2026-04-10 13:59 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119668 | xxxxxx | xxxxx | xxxxx | NJ | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
2026-04-02 20:13 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000119668 | xxxxxx | xxxxx | xxxxx | NJ | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-04-02 20:13 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000119668 | xxxxxx | xxxxx | xxxxx | NJ | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
2026-04-02 20:12 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000119710 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 7 | xxxxxx | Credit | Mortgage Insurance Cert Missing | Mortgage Insurance is
present but mortgage insurance cert is missing. |
mi cert - xxxxxx MI cert - xxxxxx |
MI Cert provided.
Condition resolved. - xxxxxx Mortgage Insurance is Present and Mortgage Insurance Cert has been provided or Mortgage Insurance is not Present - xxxxxx mi cert - xxxxxx Condition upheld. MI Cert not provided. - xxxxxx MI cert - xxxxxx |
2026-04-13 19:30 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000119710 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 7 | xxxxxx | Credit | Liabilities - Federal Debt | Delinquent federal debt was
indicated but it was either not adequately explained or was not properly
documented in the file. Missing evidence the xxxxxx IRS taxes filed on
extension with taxes due $xxxxxx have been paid. |
. Transcripts show that the taxes due was
submitted with returns with zero due for that year. - xxxxxx This a P&L loan. this not required. - xxxxxx |
Payment was submitted with
return. Condition resolved. -
xxxxxx . Transcripts show that the taxes due was submitted with returns with zero due for that year. - xxxxxx Condition upheld. Tax Returns were provided in the loan file. Documents that are reviewed are subject to any and all conditions. - xxxxxx This a P&L loan. this not required. - xxxxxx |
2026-04-13 19:32 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000119710 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 7 | xxxxxx | Credit | Audited DTI Exceeds Guideline DTI | Audited DTI exceeds
guideline DTI. The rental income used by the lender is not supported. Using
the PITI payment per the borrower's LOE of $xxxxxx - pending receipt of the
PITI components, provides a DTI of 50.22%, a variance of 12.4% above
the lender's DTI of 37.82%. Additionally this DTI exceeds the max allowed of
50%. No evidence of rental income is provided, in addition to the properties
missing components to include the private mortgage promissory note, property
tax bill, hazard policy, 12 months of timely mortgage payments, a lease for
the REO and evidence of receipt of the rental income for the REO. The F1003
shows rents of $xxxxxx is used to offset a higher PITI payment for rental
income of $xxxxxx. |
xxx xxxxxx xxxx - xxxxxx |
Lease Agreement and PITIA
information was provided for the REO.
Condition resolved. - xxxxxx Audited DTI of 43.49% is less than or equal to Guideline DTI of 50% - xxxxxx xxxxxx - xxxxxx |
2026-04-13 19:53 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000119710 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 7 | xxxxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. Ofac report not in file |
See attached xxxxxx - xxxxxx |
Cleared Fraud Report
provided. Condition resolved. -
xxxxxx Third party fraud report is provided - xxxxxx See attached xxxxxx - xxxxxx |
2026-04-07 16:49 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000119710 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 5 of 7 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
2026-04-01 13:19 | Cleared | 1 | 1 | 4 | 1 | |||||
| 4000119710 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 6 of 7 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. 1) Missing all the components for the retained REO: xxxxxx
including 12 months mortgage payments with the promissory note for it's
private mortgage validating xxxxxx the property tax bill, and the hazard policy. |
xxxxxx docs - xxxxxx |
REO PITIA docs were
provided. Condition resolved. -
xxxxxx xxxxxx docs - xxxxxx |
2026-04-13 19:54 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000119710 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 7 of 7 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-03-30 23:02 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 4000119802 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 6 | xxxxxx | Credit | Title Document Missing | Title document is missing.
The Title commitment / final title
policy is missing. |
title commitment - xxxxxx |
Title Commitment
provided. Condition resolved. -
xxxxxx Title document is fully present - xxxxxx title commitment - xxxxxx |
2026-04-07 17:10 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119802 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 6 | xxxxxx | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain
the Approval/Underwriting Summary. The loan did not contain the 1008
Approval/Underwriting Summary. |
See attached DU - xxxxxx |
AUS (DU) provided. Condition resolved. - xxxxxx Approval/Underwriting Summary is fully present - xxxxxx See attached DU - xxxxxx |
2026-04-07 17:25 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119802 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 6 | xxxxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. |
See attached Fraud - xxxxxx |
Cleared Fraud Report
provided. Condition resolved. -
xxxxxx Third party fraud report is provided - xxxxxx See attached Fraud - xxxxxx |
2026-04-07 17:31 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119802 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 6 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. 1) Missing an LOE to confirm if an HOA is attached to the primary
residence. 2) The primary residence mortgage statement or credit supplement confirming the payment is current and is escrowed for taxes and insurance is missing. 3) Provide a statement reflecting the new payment of $xxxxxx, the second payment on the Primary mortgage. |
Please see attached
documents and online search of the property showing no HOA and its single
family property. - xxxxxx |
REO Documents
provided. Condition resolved. -
xxxxxx Please see attached documents and online search of the property showing no HOA and its single family property. - xxxxxx |
2026-04-07 17:49 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000119802 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 5 of 6 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-03-30 22:26 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000119802 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 6 of 6 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-03-30 22:26 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000119834 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-20 20:59 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000119834 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-04-20 20:59 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000119834 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Property | No Property Findings | Loan meets applicable
appraisal guidelines. |
2026-04-20 20:59 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000119861 | xxxxxx | xxxxx | xxxxx | RI | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-02 16:18 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000119861 | xxxxxx | xxxxx | xxxxx | RI | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-02 16:18 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000119861 | xxxxxx | xxxxx | xxxxx | RI | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-04-02 16:18 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000120029 | xxxxxx | xxxxx | xxxxx | LA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
2026-04-13 17:25 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000120029 | xxxxxx | xxxxx | xxxxx | LA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-04-13 17:26 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000120029 | xxxxxx | xxxxx | xxxxx | LA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
2026-04-13 17:25 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000120038 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-16 19:43 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000120038 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-04-16 19:44 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000120038 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-16 19:45 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000120049 | xxxxxx | xxxxx | xxxxx | LA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 4 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Per the final 1003, there is a second mortgage with a monthly
payment of $xxxxxx and an additional expense of xxxxxx. Documentation to
support these expenses is missing from the loan file. |
HELOC - xxxxxx |
HELOC Statement was
provided. Condition resolved. -
xxxxxx HELOC - xxxxxx |
2026-04-22 19:59 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120049 | xxxxxx | xxxxx | xxxxx | LA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-04-14 18:28 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000120049 | xxxxxx | xxxxx | xxxxx | LA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 4 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
2026-04-14 18:27 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000120049 | xxxxxx | xxxxx | xxxxx | LA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 4 | xxxxxx | Credit | Purchase Contract - Missing | The loan file did not
contain the Purchase Contract as required. Please provide a copy of the
purchase agreement with all required addenda |
Purchase contract -
xxxxxx |
Purchase Contract
provided. Condition resolved. -
xxxxxx Purchase contract - xxxxxx |
2026-04-22 19:51 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120083 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 7 | xxxxxx | Compliance | Missing Warranty / Transfer Deed | Warranty / Transfer Deed is
not provided. |
This is a refi and vesting
is staying the same as current vesting on the prelim therefore there is no
warranty or transfer deed required. -
xxxxxx |
Subject is a refi- deed
not required - xxxxxx This is a refi and vesting is staying the same as current vesting on the prelim therefore there is no warranty or transfer deed required. - xxxxxx |
2026-04-23 14:54 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000120083 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 7 | xxxxxx | Credit | Condo - HOA Budget Missing | The loan file did not
contain the HOA budget as required. Condo Budget is missing. |
This is a limited review
which only requires H0-6 policy, Condo Questionnaire, and Master Insurance Policy. HOA budget is not
required as part of a limited review. Escalate to management if you disagree.
- xxxxxx |
Not Required. Subject is a Limited Review. The Lender's Underwriter Certification of
Project Eligibility is in the file and a Limited Review was performed. -
xxxxxx This is a limited review which only requires H0-6 policy, Condo Questionnaire, and Master Insurance Policy. HOA budget is not required as part of a limited review. Escalate to management if you disagree. - xxxxxx |
2026-04-24 17:46 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000120083 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 7 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-20 20:39 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 4000120083 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 7 | xxxxxx | Compliance | Federal - Closing Disclosure and Consummation Date | The Initial Closing
Disclosure Received Date of (xxxxxx) is not three business days before the
consummation date of (xxxxxx. Three business days before the consummation
date is (xxxxxx). Under Regulation Z, a consumer must receive the Initial
Closing Disclosure reflecting the actual terms of the transaction no later
than three business days before consummation. (12 CFR 1026.19(f)(1)(ii)(A));
1026.19(f)(1)(iii)) . |
Initial CD - xxxxxx |
Received ICD - xxxxxx Initial CD - xxxxxx |
2026-04-23 14:55 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000120083 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 5 of 7 | xxxxxx | Compliance | TRID: Missing Initial Closing Disclosure | The loan file does not
contain the initial Closing Disclosure. |
Initial CD - xxxxxx |
Received ICD - xxxxxx Initial CD - xxxxxx |
2026-04-23 14:55 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000120083 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 6 of 7 | xxxxxx | Compliance | Lender Credits That Cannot Decrease Test (xxxxxx1262) | COC CD - xxxxxx |
Received CIC for decreased
fee - xxxxxx Resolved - xxxxxx COC CD - xxxxxx duplicate - xxxxxx The baseline amount of non-specific (lump sum) lender credits and specific lender credits disclosed is (xxxxxx). The Last CD shows a total lender credit amount of ($xxxxxx). The following fees "lender credits" have decreased below their baseline amounts (General Lender Credit). Non-specific lender credits are generalized payments that do not pay for a particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3)(i) and comments 19(e)(3)(i)-5 and -6; 12 CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). - xxxxxx |
2026-04-29 16:28 | Resolved | 1 | 1 | 4 | 1 | |||||
| 4000120083 | xxxxxx | xxxxx | xxxxx | CO | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 7 of 7 | xxxxxx | Compliance | Lender Credits That Cannot Decrease Test (Fees-Limited) | The baseline amount of
non-specific (lump sum) lender credits and specific lender credits is
(xxxxxx). The actual total fee amount shows a credit amount of ($xxxxxx). The
following actual fees submitted as "lender credits" have decreased
below their baseline amounts (General Lender Credit). Non-specific lender
credits are generalized payments that do not pay for a particular fee.
Specific lender credits are specific payments to pay for a specific fee. The
total amount of non-specific and specific lender credits cannot decrease
unless a new disclosure is provided and there is a valid changed circumstance
associated with the re-disclosure. (12 CFR 1026.19e)(3) and comments
19(e)(3)-5 and -6; 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). Lender credit
decreased from $2551.5 to $2542.75 without a CIC |
COC CD - xxxxxx |
Received CIC for decreased
fee - xxxxxx Resolved - xxxxxx COC CD - xxxxxx |
2026-04-29 16:29 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000120087 | xxxxxx | xxxxx | xxxxx | ME | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 5 | xxxxxx | Credit | Borrower 2 3rd Party VOE Prior to Close Missing | Borrower 2 3rd party VOE
prior to close missing. Please provide the 10 day verbal verification of
employment from Lumeris Healthcare Outcomes for the co-borrower. |
B2 VVOE - xxxxxx |
VVOE was provided. Condition resolved. - xxxxxx Borrower 2 3rd party VOE prior to close was provided. (Number of Borrowers equals 2) - xxxxxx B2 VVOE - xxxxxx |
2026-04-24 16:25 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120087 | xxxxxx | xxxxx | xxxxx | ME | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 5 | xxxxxx | Credit | Borrower 1 3rd Party VOE Prior to Close Missing | Borrower 1 3rd party VOE
prior to close missing. Please provide the 10 day pre-closing verification
from Veradigm for the borrower. |
B1 VVOE - xxxxxx |
VVOE was provided. Condition resolved. - xxxxxx Borrower 1 3rd Party VOE prior to close was provided. - xxxxxx B1 VVOE - xxxxxx |
2026-04-24 16:24 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120087 | xxxxxx | xxxxx | xxxxx | ME | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 5 | xxxxxx | Credit | Assets - Miscellaneous | The loan file does not
contain all required asset documentation. The asset documentation from
Informative Research report (xxxxxx) is missing from the loan file. |
AccountChek - xxxxxx |
The AccountChek Report
noted in the AUS was provided.
Condition resolved. - xxxxxx AccountChek - xxxxxx |
2026-04-24 16:28 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120087 | xxxxxx | xxxxx | xxxxx | ME | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 5 | xxxxxx | Property | No Property Findings | Loan meets applicable
appraisal guidelines. |
2026-04-20 21:30 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000120087 | xxxxxx | xxxxx | xxxxx | ME | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 5 of 5 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-04-20 21:30 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000120099 | xxxxxx | xxxxx | xxxxx | VA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-04-07 21:02 | Cleared | 1 | 1 | 4 | 1 | |||||
| 4000120099 | xxxxxx | xxxxx | xxxxx | VA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-04-07 21:02 | Cleared | 1 | 1 | 4 | 1 | |||||
| 4000120099 | xxxxxx | xxxxx | xxxxx | VA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Credit | Credit Documentation - Undisclosed Liabilities | An undisclosed liability
was found on the updated credit report that was not located on the original
credit report. New deed/loan w/ xxxxxx ending in xxxxxx dated xxxxxx due
xxxxxx/ UPB of $xxxxxx + IO of $xxxxxx in-file. This is not disclosed on the
credit report not loan application. What property does this belong to, or why
is this debt not disclosed in liabilities on the credit report. An LOE is
required. |
Clarification provided for
#xxxxxx account. - xxxxxx Attached memo - xxxxxx Attached - xxxxxx Attached - xxxxxx Attached - xxxxxx This statement is from xxxxxx, and appears to be the second from xxxxxx we are already including in qualifying. The balance in xxxxxx was higher as it was $xxxxxx on the statement. Credit report current balance is $xxxxxx and lower payment which is what we used in qualifying. - xxxxxx What number liability are you referring to? I do not see it on the credit report. - xxxxxx |
Line of credit #xxxxxx not
tied to property. - xxxxxx Clarification provided for #xxxxxx account. - xxxxxx Attached memo - xxxxxx xxxxxx loan #xxxxxx, current statement for xxxxxx was provided. Still require confirmation of which property this is tied to. Statement does not confirm property address associated with this loan. - xxxxxx Attached - xxxxxx Client reaching out to seller for Clarification. There is a mortgage statement in the file from xxxxxx dated xxxxxx for account #xxxxxx. This is the statement we were originally seeking clarification on, specifically to determine which property it is associated with. This account does not appear on the credit report. The statement reflects a current balance of $xxxxxx.00. The document provided in rebuttal references a different account, #xxxxxx does tie to the xxxxxx tradeline on the credit report and credit report update (Credit reference #xxxxxx) and reflects a HELOC with a maximum balance of $xxxxxx.. Based on the documentation, these appear to be two separate xxxxxx accounts for the borrowers. However, the responses to the condition continue to reference the HELOC account (#xxxxxx) rather than addressing the original mortgage account (#xxxxxx) noted above. Any clarification regarding the original xxxxxx mortgage account (#xxxxxx), including the associated property, would be greatly appreciated so we can properly resolve this condition. - xxxxxx Attached - xxxxxx Condition upheld. Document provided does not that the account on the mortgage statement is the same as the current HELOC on the credit Report. The credit supplement provided states the HELOC openedxxxxxx and has a credit limit of $2xxxxxx. The Mortgage Statement in the file is dated xxxxxx and has a current balance of $xxxxxx. Provide evidence of what property this HELOC on the MLS belongs to, or something from xxxxxx showing they are one in the same. The account numbers do not match. - xxxxxx Attached - xxxxxx Provide documentation to show the two accounts are one in the same. The account numbers, and payments do not match between them. - xxxxxx This statement is from 2025, and appears to be the second from xxxxxx we are already including in qualifying. The balance in 2025 was higher as it was $xxxxxx on the statement. Credit report current balance is $xxxxxx and lower payment which is what we used in qualifying. - xxxxxx Document Uploaded. Condition upheld: There is a Mortgage Statement in file. See attached. What property does this belong to? - xxxxxx What number liability are you referring to? I do not see it on the credit report. - xxxxxx |
2026-05-06 22:15 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000120099 | xxxxxx | xxxxx | xxxxx | VA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Compliance | Missing Warranty / Transfer Deed | Warranty / Transfer Deed is
not provided. Missing the General Warranty Deed/Transfer Deed/Quit-Claim deed
taking the subject out of the business name - xxxxxx and Granting/Deeding to
borrower xxxxxx. |
Attached - xxxxxx |
Deed of gift was
provided. Condition resolved. -
xxxxxx Attached - xxxxxx |
2026-04-09 15:44 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000120272 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 5 | xxxxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. Please provide the
Collateral Underwriter reflecting a risk score of 1 as shown on the AUS. |
Attached - xxxxxx |
CU and LCA were
provided. Condition resolved. -
xxxxxx Attached - xxxxxx |
2026-04-01 13:32 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120272 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 5 | xxxxxx | Credit | HO-6 Insurance Policy is Missing | HO-6 insurance policy is
missing. Please provide the hazard policy for the subject property |
Attached - xxxxxx |
H0-6 policy provided. Condition resolved. - xxxxxx HO-6 Insurance Policy was provided. - xxxxxx Attached - xxxxxx |
2026-04-03 20:34 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120272 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 5 | xxxxxx | Credit | Cash Deposit | The earnest money check has
been located; however, the bank statements in the file do not provide
sufficient evidence to confirm whether the funds were cleared Loan purpose is
purchase, confirm if cash deposit has cleared account. . Loan purpose is
purchase, confirm if cash deposit has cleared account. |
the emd was not used to
qualify, so we don’t have to show the funds coming from the account. The
xxxxxx bank stmt in file shows an ending balance of $xxxxxx as of xxxxxx.
Cash to close was $xxxxxx leaving $xxxxxx available to cover the $xxxxxx. - xxxxxx |
EMD Deposit was not
verified, and was subtracted from verified funds. - xxxxxx the emd was not used to qualify, so we don’t have to show the funds coming from the account. The xxxxxx bank stmt in file shows an ending balance of $xxxxxx as of xxxxxx. Cash to close was $xxxxxx leaving $xxxxxx available to cover the $xxxxxx. - xxxxxx |
2026-04-03 21:13 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120272 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 5 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-03-27 17:10 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000120272 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 5 | xxxxxx | Credit | Final Settlement Statement Missing. | The final Settlement
Statement document is missing. Please provide the final closing disclosure
for the subject property |
Attached - xxxxxx |
Final CD was
provided. Condition resolved. -
xxxxxx Final HUD-1 Document is not missing or estimated only. - xxxxxx Attached - xxxxxx |
2026-04-01 13:34 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120279 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-17 13:38 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000120279 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-04-17 13:38 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000120279 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-17 13:38 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000120335 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-03-30 14:19 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000120335 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-03-30 14:19 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000120335 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | Income 5 Months Income Verified is Missing | Income 5 months income
verified is missing. Documentation supporting the net loss from xxxxxx for
$xxxxxx is missing from the loan file,
|
See attached - xxxxxx Per the appraisal the subject property isn't rented and we hit the borrower for the negative rents in the amount of -xxxxxx. we didn't qualify the borrower with rental income. Please revisit this. - xxxxxx |
Payment information
provided. Condition resolved. -
xxxxxx Income 5 Months Income Verified is Present Or Not Applicable - xxxxxx See attached - xxxxxx Condition upheld. The subject property is not in question. xxxxxx - xxxxxx Per the appraisal the subject property isn't rented and we hit the borrower for the negative rents in the amount of -xxxxxx. we didn't qualify the borrower with rental income. Please revisit this. - xxxxxx |
2026-04-01 19:56 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120346 | xxxxxx | xxxxx | xxxxx | NC | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
2026-04-13 20:16 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000120346 | xxxxxx | xxxxx | xxxxx | NC | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-04-13 20:16 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000120346 | xxxxxx | xxxxx | xxxxx | NC | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | North Carolina - Fees Limitation | Fees paid to lender exceed
the threshold. Under the North Carolina Interest Provisions, on a first lien
closed end loan less than $xxxxxx, lender fees not specifically authorized by
statute are limited to ($xxxxxx), which is the greater of 1/4 of 1% of the
loan amount or $150. The total amount of "lender fees not specifically
authorized by statute" and included in the test is ($xxxxxx). Fees
excluded from the test: Application Fee, Application Deposit, Commitment
(Rate Lock) Fee, Temporary Buydown Fee, Loan Origination Fee, "bona
fide" Loan Discount, Prepaid Interest, and Interest Due on a Prior Loan.
(N.C. Gen. Stat. 24-1.1A(c)(1); 24-8(d); 24-10(d)) Lender to address fee. |
cure - xxxxxx We agree with finding, please confirm amount of required cure to the borrower and will cut refund to borrower. - xxxxxx |
Previously cured -
xxxxxx Received curative package: PCCD, LOE, copy of refund check and mailing label - xxxxxx Received curative package: PCCD, LOE, copy of refund check and mailing label - xxxxxx cure - xxxxxx Fees paid to lender exceed the threshold. Under the North Carolina Interest Provisions, on a first lien closed end loan less than $xxxxxx, lender fees not specifically authorized by statute are limited to ($xxxxxx), which is the greater of 1/4 of 1% of the loan amount or $150. The total amount of "lender fees not specifically authorized by statute" and included in the test is ($xxxxxx). Fees excluded from the test: Application Fee, Application Deposit, Commitment (Rate Lock) Fee, Temporary Buydown Fee, Loan Origination Fee, "bona fide" Loan Discount, Prepaid Interest, and Interest Due on a Prior Loan. (N.C. Gen. Stat. 24-1.1A(c)(1); 24-8(d); 24-10(d)) - xxxxxx Fees included in the statute are the loan discount points and the processsing fee both paid to the lender,$xxxxxx total. Amount allowed is $xxxxxx. $xxxxxx-$xxxxxx = $xxxxxx cure required. Provide PCCD, LOE to the borrower, copy of refund check and proof of mailing to cure. - xxxxxx We agree with finding, please confirm amount of required cure to the borrower and will cut refund to borrower. - xxxxxx |
2026-04-27 16:21 | Cured | 3 | 1 | 3 | 1 | ||||
| 4000120403 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 4 | xxxxxx | Credit | Missing Income - Business Tax Returns | Missing the 1125-E -
compensation to officers for the xxxxxx 1120-S returns for the borrower |
Please clarify, on the
request for a separate Form 1125‑E the borrower did provide the complete 1120‑S and we provided matching IRS transcripts -
xxxxxx |
Documentation is in file -
transcripts validated, condition resolved.
- xxxxxx documentation is in file - transcripts validated - xxxxxx Please clarify, on the request for a separate Form 1125‑E the borrower did provide the complete 1120‑S and we provided matching IRS transcripts - xxxxxx |
2026-04-14 15:21 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120403 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-09 18:24 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000120403 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 4 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-04-09 18:24 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000120403 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 4 | xxxxxx | Credit | Approval - Lender Income Calculation Missing | The loan file did not
contain the lender income calculation worksheet as required. Please provide
the income calculator for xxxxxx. The approved income is $xxxxxx, but the
audited income is xxxxxx. Using the lower income, the DTI increases from
xxxxxx% to xxxxxx% which is outside of the guideline requirement of 50%.
Additional conditions may apply. |
xxxxxx Wages $xxxxxx plus $xxxxxx (S corp total)
=xxxxxx/12=xxxxxx - xxxxxx |
Lender income calculation
has been received. W2 for xxxxxx is not in file, but provided on the tax
returns and validated by transcripts.
- xxxxxx xxxxxx Wages $xxxxxx plus $xxxxxx (S corp total) =xxxxxx/12=xxxxxx - xxxxxx |
2026-04-14 14:02 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120409 | xxxxxx | xxxxx | xxxxx | IN | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-07 17:59 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000120409 | xxxxxx | xxxxx | xxxxx | IN | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-04-07 17:59 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000120409 | xxxxxx | xxxxx | xxxxx | IN | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Credit | Subordination - Note Missing | The subordinate mortgage
Note was not completed correctly, is not fully executed or it is missing. The
loan file is missing the Piggyback Second Lien Note Loan amount and Payment
information. |
See HELOC agreement and DOT
- xxxxxx |
HELOC Agreement and DOT
were provided. Condition resolved. -
xxxxxx See HELOC agreement and DOT - xxxxxx |
2026-04-08 18:20 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120514 | xxxxxx | xxxxx | xxxxx | NV | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 5 | xxxxxx | Credit | Borrower 1 Executed 4506-T Missing | Borrower 1 Executed 4506-T
missing from the file. |
4506 - xxxxxx |
4506 provided. Condition
resolved. - xxxxxx Borrower 1 Executed 4506-T Provided - xxxxxx 4506 - xxxxxx |
2026-04-07 20:10 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120514 | xxxxxx | xxxxx | xxxxx | NV | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 5 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Per the Fraud Report the primary residence: xxxxxx has an HOA fee that is missing in
the loan file. If this information is incorrect, and LOE stating the primary
residence is not in an HOA is needed. |
LOE_IRS - xxxxxx |
LOE from Borrower stating
now HOA was provided. Condition
resolved. - xxxxxx LOE_IRS - xxxxxx |
2026-04-10 15:51 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120514 | xxxxxx | xxxxx | xxxxx | NV | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 5 | xxxxxx | Credit | Liabilities - Federal Debt | Delinquent federal debt was
indicated but it was either not adequately explained or was not properly
documented in the file. Missing evidence the last IRS tax payment of $xxxxxx
duexxxxxxs paid in full. |
LOE_TRANSCRIPT - xxxxxx Per our underwriter as stated in the borrower’s LOE, this is only an estimate and will not be due until the borrower files the xxxxxx Form 1040. In addition, the borrower has sufficient assets to cover the estimated amount owed of $xxxxxx. - xxxxxx as per underwriter We are not qualifying the borrower with rental income and hence there is no need for the validation of IRS tax payment. - xxxxxx |
Transcript from IRS
showing payments were made according to payment plan were made was
provided. Condition resolved. -
xxxxxx LOE_TRANSCRIPT - xxxxxx Condition upheld. If Borrower has 2025 payment plan coupons an extension was obviously filed and payment plan set up. - xxxxxx Per our underwriter as stated in the borrower’s LOE, this is only an estimate and will not be due until the borrower files the xxxxxx Form 1040. In addition, the borrower has sufficient assets to cover the estimated amount owed of $xxxxxx. - xxxxxx Condition upheld. The use of Rental income or not has nothing to do with IRS Debt. Provide evidence paid. - xxxxxx as per underwriter We are not qualifying the borrower with rental income and hence there is no need for the validation of IRS tax payment. - xxxxxx |
2026-04-24 15:27 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120514 | xxxxxx | xxxxx | xxxxx | NV | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 5 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were
satisfied. - xxxxxx |
2026-03-31 22:57 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000120514 | xxxxxx | xxxxx | xxxxx | NV | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 5 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-03-31 22:57 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000120552 | xxxxxx | xxxxx | xxxxx | TX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-04-06 19:52 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000120552 | xxxxxx | xxxxx | xxxxx | TX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
2026-04-06 19:53 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000120552 | xxxxxx | xxxxx | xxxxx | TX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-04-06 19:52 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000120616 | xxxxxx | xxxxx | xxxxx | MA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 5 | xxxxxx | Credit | Borrower 2 3rd Party VOE Prior to Close Missing | Borrower 2 3rd party VOE
prior to close missing. The loan file is missing the VVOE for the Co Borrower
with in 10 business days of closing ofxxxxxx.
|
VVOE - xxxxxx |
VVOE for B2 was
provided. Condition resolved. -
xxxxxx Borrower 2 3rd party VOE prior to close was provided. (Number of Borrowers equals 2) - xxxxxx VVOE - xxxxxx |
2026-04-22 20:07 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120616 | xxxxxx | xxxxx | xxxxx | MA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 5 | xxxxxx | Credit | HO6 Master Insurance Policy is Missing | Missing Condo / PUD project
master insurance policy. The loan file is missing the Condo's master
policy. |
Master insurance policy -
xxxxxx |
Condo Master policy
provided. Condition resolved. -
xxxxxx HO-6 Master Insurance Policy is fully present - xxxxxx Master insurance policy - xxxxxx |
2026-04-22 20:11 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120616 | xxxxxx | xxxxx | xxxxx | MA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 5 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-04-14 18:59 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000120616 | xxxxxx | xxxxx | xxxxx | MA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 5 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-04-14 18:59 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000120616 | xxxxxx | xxxxx | xxxxx | MA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 5 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. The loan file is missing the HOA information for 26-28 Marion
Rd. |
HOA LOE - xxxxxx |
LOE from Borrower stating
there is no HOA was provided.
Condition resolved. - xxxxxx HOA LOE - xxxxxx |
2026-04-27 13:56 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120643 | xxxxxx | xxxxx | xxxxx | WA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-02 15:24 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000120643 | xxxxxx | xxxxx | xxxxx | WA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-04-02 15:24 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000120643 | xxxxxx | xxxxx | xxxxx | WA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-02 15:24 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000120700 | xxxxxx | xxxxx | xxxxx | MD | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-03-30 16:08 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000120700 | xxxxxx | xxxxx | xxxxx | MD | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-03-30 16:08 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000120700 | xxxxxx | xxxxx | xxxxx | MD | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-03-30 16:08 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000120802 | xxxxxx | xxxxx | xxxxx | MA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-16 20:28 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000120802 | xxxxxx | xxxxx | xxxxx | MA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-16 20:28 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000120802 | xxxxxx | xxxxx | xxxxx | MA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-04-16 20:28 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000120939 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 7 | xxxxxx | Credit | Asset 1 Does Not Meet Guideline Requirements | Asset does not meet G/L
Requirements. The xxxxxx-4308
statements provided have ending dates of xxxxxx and xxxxxx not 2 consecutive
months. Missing the statement for xxxxxx.
|
Bank Statement - xxxxxx |
Additional Statement was
provided. Condition resolved. -
xxxxxx Asset Record 1 Meets G/L Requirements - xxxxxx Bank Statement - xxxxxx |
2026-04-24 17:26 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120939 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 7 | xxxxxx | Credit | Asset 2 Does Not Meet Guideline Requirements | Asset does not meet G/L
Requirements. DU requires 2 months bank statements - following lender and
including the xxxxxx-xxxxxx statement endingxxxxxx, however, only 1 month is
provided. Missing the additional month's bank statement. |
Bank statement - xxxxxx |
Additional Statement was
provided. Condition resolved. -
xxxxxx Asset Record 2 Meets G/L Requirements Or Not Applicable - xxxxxx Bank statement - xxxxxx |
2026-04-24 17:26 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120939 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 7 | xxxxxx | Credit | Assets - Insufficient Source Seasoning | The loan file does not
contain all required asset documentation. Assets required for closing were
not sufficiently seasoned. There is a large e-deposit of $xxxxxx made xxxxxx
to xxxxxx-xxxxxx. The source of funds is not provided. The Cash-out refi on
the primary which occurred xxxxxx provided liquid funds of $xxxxxx, and shows
depositedxxxxxx. The 401K loan with of
initial balance $xxxxxx is insufficient to support this withdrawal.
The underwriter's cover letter does not speak to this substantial deposit.
Provide the source of funds. |
UW response - xxxxxx |
UW explanation was
provided and the following was done: $xxxxxx backed out of asset total.
$xxxxxxxxxxxxas already documented, and 401k loan was backed out of 401k
balance. Condition resolved. - xxxxxx UW response - xxxxxx |
2026-04-24 17:32 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120939 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 7 | xxxxxx | Credit | Fraud Report - Fraud Alerts | The credit report in the
loan file verified a fraud alert that was not sufficiently addressed. There
is a Fraud Alert on the credit report for the co-applicant B2 - xxxxxx - Missing processor cert affirming the loan
application. (POA used for closing). |
The underwriter addresses
this at the end of their cover letter. - xxxxxx |
UW Cover Letter provided
acknowledging the alert was provided.
Condition resolved. - xxxxxx The underwriter addresses this at the end of their cover letter. - xxxxxx |
2026-04-24 17:02 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000120939 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 7 | xxxxxx | Credit | Purchase Contract - Addendum Missing | The Purchase Contract
Addendum is missing. There is an
additional party on the title commitment, Grant Deed and Seller's CD shown as
current owner - xxx xxxxxx xxxx- and this party is not on the sales contract
nor addenda. Missing the contract addendum including this party. |
Amendment - xxxxxx |
Contract Addendum was
provided. Condition resolved. -
xxxxxx Amendment - xxxxxx |
2026-06-03 16:11 | Resolved | 2 | 1 | 3 | 1 | ||||
| 4000120939 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 6 of 7 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-20 19:59 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000120939 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 7 of 7 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-04-20 19:59 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000121016 | xxxxxx | xxxxx | xxxxx | DE | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-16 22:08 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000121016 | xxxxxx | xxxxx | xxxxx | DE | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-16 22:08 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000121016 | xxxxxx | xxxxx | xxxxx | DE | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-04-16 22:08 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000121124 | xxxxxx | xxxxx | xxxxx | LA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-08 19:21 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000121124 | xxxxxx | xxxxx | xxxxx | LA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-08 19:21 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000121124 | xxxxxx | xxxxx | xxxxx | LA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | Charges That Cannot Increase Test (xxxxxx1251) | The following fee(s) have
either increased above the amount disclosed within each fee(s) baseline
disclosure OR have been added to the Cannot Increase Category: Points - Loan
Discount Fee. Each fee within the Cannot Increase category cannot increase or
be added unless a new disclosure is provided and there is a valid changed
circumstance associated with the increased fee that is re-disclosed. (12 CFR
1026.19(e)(3); 12 CFR 1026.19(e)(4)). The Discount points increased on the
Final CD without a valid changed circumstance in the file. |
Received CIC for the
increased fee - xxxxxx COC CD - xxxxxx |
Received CIC for the
increased fee - xxxxxx COC CD - xxxxxx |
2026-04-22 18:27 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000121130 | xxxxxx | xxxxx | xxxxx | VA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 4 | xxxxxx | Compliance | CD: Liability After Foreclosure Not Complete | CD: Liability after
foreclosure not complete. used 1 condition for all of it. |
Attached - xxxxxx |
CD: Liability after
foreclosure complete - xxxxxx Received CD with completed page 4 - xxxxxx Attached - xxxxxx |
2026-04-15 16:28 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000121130 | xxxxxx | xxxxx | xxxxx | VA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 4 | xxxxxx | Credit | Mortgage Insurance - Insufficient | The mortgage insurance
certificate in the loan file was not sufficient. The xxxxxx MI Certification
shows the AUS/Recommendation as DU Approved/Eligible instead of Accept
Eligible for FHLMC approval. Please provide the updated MI certification |
Attached - xxxxxx |
Corrected MI Cert
provided. Condition resolved. -
xxxxxx Attached - xxxxxx |
2026-04-16 19:09 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000121130 | xxxxxx | xxxxx | xxxxx | VA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-04-13 22:02 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000121130 | xxxxxx | xxxxx | xxxxx | VA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 4 | xxxxxx | Compliance | The Final Closing Disclosure contains errors | The Final CD issuesxxxxxx
is not complete. On Page 4 Assumption, Demand Feature, Late Payment, Neg
Amor., and Partial Payments boxes are all left blank. On Page 5 the Loan
Calculations has been left blank. |
Attached - xxxxxx |
Received CD with completed
page 4 - xxxxxx Attached - xxxxxx |
2026-04-15 16:26 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000121136 | xxxxxx | xxxxx | xxxxx | MD | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Credit | HO6 Master Insurance Policy is Missing | Missing Condo / PUD project
master insurance policy. Please provide the master condo policy associated
with the subject property. Missing HO-6 master insurance policy. |
MCOI and Ho6 policy -
xxxxxx |
Condo Master Policy
provided. Condition resolved. -
xxxxxx MCOI and Ho6 policy - xxxxxx |
2026-04-23 18:52 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000121136 | xxxxxx | xxxxx | xxxxx | MD | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Credit | Third Party Fraud Report Partially Provided | Third party fraud report
partially provided. All of the required participant(s) have not been input.
Please add: Appraisal Company; Appraisal Management Company; Appraisal
Reviewer; Appraisal Underwriter; Appraiser; Disclosure Coordinator; Lender;
Settlement Agent; Settlement Company; Appraisal Company 2; Appraisal
Reviewer; Appraisal Reviewer Company; Appraiser 2; Appraiser Trainee; Closing
Agent; Closing Company; Consumer Name AKA 10; Consumer Name AKA 3; Consumer
Name AKA 4; Consumer Name AKA 5; Consumer Name AKA 6; Consumer Name AKA 7;
Consumer Name AKA 8; Consumer Name AKA 9; Contractor; Contractor 2; Contractor Company; Contractor Company 2; CPA/Tax Preparer; CPA/Tax Preparer Company; Escrow Agent; Escrow Company; Escrow Officer; Escrow Officer 2; FHA Consultant; FHA Inspector; FHA/HUD 203k Consultant; HUD Consultant; HUD Contractor; Processor 2; Property Inspection Company; Property Inspector; Supervisory Appraiser; Underwriter 2; and Underwriter 3 |
see pages 10 and 11 which
list all the required participants, please This one has a property inspection
waiver, therefore this is no appraiser to list - xxxxxx |
AUS (DU) received an
Appraisal Waiver. There is no
Appraiser. Condition resolved. -
xxxxxx Third Party Fraud Report is fully present - xxxxxx see pages 10 and 11 which list all the required participants, please This one has a property inspection waiver, therefore this is no appraiser to list - xxxxxx |
2026-04-23 18:54 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000121136 | xxxxxx | xxxxx | xxxxx | MD | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Property | No Property Findings | Loan meets applicable
appraisal guidelines. |
2026-04-21 18:04 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000121136 | xxxxxx | xxxxx | xxxxx | MD | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-04-21 18:04 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000121189 | xxxxxx | xxxxx | xxxxx | AZ | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
2026-04-14 17:47 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000121189 | xxxxxx | xxxxx | xxxxx | AZ | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-04-14 17:48 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000121189 | xxxxxx | xxxxx | xxxxx | AZ | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-04-14 17:47 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000121295 | xxxxxx | xxxxx | xxxxx | GA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-03-30 20:16 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000121295 | xxxxxx | xxxxx | xxxxx | GA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. - xxxxxx |
2026-03-30 20:16 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000121295 | xxxxxx | xxxxx | xxxxx | GA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
2026-03-30 20:15 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000121553 | xxxxxx | xxxxx | xxxxx | NC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 5 | xxxxxx | Credit | Flood Insurance Effective Date is after the Note Date | Flood insurance effective
date is after the Note date. The insurance policy effective date
isxxxxxxwhich is two days after the disbursement date ofxxxxxx. |
Attached LOE from agent. -
xxxxxx |
Email from Insurance Agent
confirming no claims occurred fromxxxxxx toxxxxxx. Condition resolved. - xxxxxx Attached LOE from agent. - xxxxxx |
2026-04-13 19:02 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000121553 | xxxxxx | xxxxx | xxxxx | NC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 5 | xxxxxx | Credit | Hazard Insurance Effective Date is after the Disbursement Date | Hazard insurance effective
date is after the disbursement date. The hazard insurance policy effective
date isxxxxxxwhich is two days after the disbursement date ofxxxxxx |
Attached LOE from agent -
xxxxxx |
Email from Insurance Agent
confirming no claims occurred fromxxxxxx toxxxxxx. Condition resolved. - xxxxxx Attached LOE from agent - xxxxxx |
2026-04-13 19:09 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000121553 | xxxxxx | xxxxx | xxxxx | NC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 5 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-04-09 20:37 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 4000121553 | xxxxxx | xxxxx | xxxxx | NC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 5 | xxxxxx | Property | Missing Appraisal | The loan file does not
contain the appraisal. |
See attached appraisal. -
xxxxxx |
Appraisal provided. Condition resolved. - xxxxxx See attached appraisal. - xxxxxx |
2026-04-13 18:47 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000121553 | xxxxxx | xxxxx | xxxxx | NC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 5 of 5 | xxxxxx | Property | Appraisal is Missing | The file is missing the
appraisal. |
See attached appraisal. -
xxxxxx |
Appraisal provided. Condition resolved. - xxxxxx Appraisal is Present or is Waived - xxxxxx See attached appraisal. - xxxxxx |
2026-04-13 18:50 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000121710 | xxxxxx | xxxxx | xxxxx | LA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-04 13:26 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000121710 | xxxxxx | xxxxx | xxxxx | LA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-04 13:26 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000121710 | xxxxxx | xxxxx | xxxxx | LA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Credit | AUS - Discrepancy | The AUS final approval data
does not match the 1003/1008 and/or file documents. DU has the number of
financed properties as one. However,
the borrowers have ten including the Subject Property (not factoring in the $xxxxxx
xxxxxx Mortgage on xxxxxx, as it's in the name of a non-borrower). Please
re-run DU reflecting the correct number of financed properties. |
AUS - xxxxxx |
Corrected AUS (DU) was
provided. Condition resolved. An
additional asset condition was added due to updated AUS (DU). - xxxxxx AUS - xxxxxx |
2026-05-15 15:15 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000121710 | xxxxxx | xxxxx | xxxxx | LA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Credit | Assets - Miscellaneous | The loan file does not
contain all required asset documentation. Borrower is short $xxxxxx in
verified assets per AUS (DU). Borrower
has verified assets in the amount of $xxxxxx. AUS (DU) requires $xxxxxx in
verified assets. AUS (DU) Sub #13
shows $xxxxxx in xxxxxx Account. The
Statementxxxxxx -xxxxxx shows $xxxxxx - 60% = $xxxxxx. Provide additional assets. |
Underwriter Response -
xxxxxx |
Only xxxx amount of
Retirement statement was used per FNMA Guidelines. Condition resolved. - xxxxxx Underwriter Response - xxxxxx |
2026-05-22 16:24 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000121810 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CDA with Low Risk and CDA to Appraisal value with
0.00% variance which meets the lender's guidelines. |
2026-04-08 18:22 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 4000121810 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Credit | Mortgage Insurance Cert Missing | Mortgage Insurance is
present but mortgage insurance cert is missing. |
See attached - xxxxxx |
MI Cert provided. Condition resolved. - xxxxxx Mortgage Insurance is Present and Mortgage Insurance Cert has been provided or Mortgage Insurance is not Present - xxxxxx See attached - xxxxxx |
2026-04-09 17:57 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000121810 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-04-08 18:29 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 4000121896 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 7 | xxxxxx | Credit | Asset 2 Missing | Asset documentation is
missing from the file. Assets from xxxxxx account ending in xxxxxx with a
balance of $xxxxxx was used in the approval. The asset statement reflecting
this balance is missing from the loan file.
|
chase - xxxxxx |
Asset Statement
provided. Condition resolved. -
xxxxxx Asset 2 Provided Or Not Applicable - xxxxxx chase - xxxxxx |
xxxxxx 15:34 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000121896 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 7 | xxxxxx | Credit | Asset 4 Missing | Asset documentation is
missing from the file. Assets from xxxxxx account ending in xxxxxx with a
balance of $xxxxxx was used in the approval. The asset statement reflecting
this balance is missing from the loan file.
|
9031 statement - xxxxxx |
Asset Statement
provided. Condition resolved. -
xxxxxx Asset 4 Provided Or Not Applicable - xxxxxx 9031 statement - xxxxxx |
xxxxxx 15:33 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000121896 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 7 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-29 14:57 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000121896 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 7 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-04-29 14:59 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000121896 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 7 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Please provide documentation of the payment to xxxxxx for $xxxxxx
that was used in the approval. |
REO docs - xxxxxx |
All REO docs were
provided. Condition resolved. -
xxxxxx REO docs - xxxxxx |
xxxxxx 15:22 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000121896 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 6 of 7 | xxxxxx | Credit | AUS - Discrepancy | The AUS final approval data
does not match the 1003/1008 and/or file documents. The 1008 provided in the
file reflects housing and debt ratios of xxxxxx and xxxxxx,while the AUS
reflects ratios of xxxxxx and xxxxxx and audited ratios of xxxxxx and xxxxxx
due to the increase of HELOC payment from $xxxxxx to xxxxxx. Please provide
the final AUS/1008. |
Original DU is within
tolerance and would not need to be rerun AUS is higher and would be ok to proceed - xxxxxx |
Audited HTI/DTI is within
the 3% FNMA allowable tolerance.
Condition resolved. - xxxxxx Original DU is within tolerance and would not need to be rerun AUS is higher and would be ok to proceed - xxxxxx |
xxxxxx 15:38 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000121896 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 7 of 7 | xxxxxx | Credit | Assets - Large Deposits | The loan file does not
contain all required asset documentation. Asset statements in file verified a
large deposit which when removed from assets results in a shortage and the
loan file does not contain sufficient documentation to source the deposit.
Borrower to provide explanation and documentation for large deposit of
$xxxxxx in xxxxxx Account #xxxxxx onxxxxxx. |
That large deposit is the
HELOC funds. - xxxxxx |
Large deposit if HELOC
funds. Condition resolved. - xxxxxx That large deposit is the HELOC funds. - xxxxxx |
2026-05-05 13:13 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000121943 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 5 | xxxxxx | Credit | AUS - Invalid | The AUS is invalid due to
either missing conditions or certain items that are outside of allowable
tolerances. Lender to provide updated AUS findings removing the co-borrower.
Final loan approval - closing docs are in the borrower's name only. |
AUS attached - xxxxxx AUS attached - xxxxxx |
Condition resolved. Corrected AUS showing Borrower is S/E was
provided. All required documentation
from new AUS is in the loan file. Condition
resolved. - xxxxxx AUS attached - xxxxxx Condition upheld. Borrower is Self-Employed. Fraud Report, Business License in his name, and 2 years Schedule C confirm this. Please re-run AUS (DU) as the Borrower being Self-Employed. Current AUS (DU) is asking for paystubs and W-2's. Borrower is not an employee. Additional conditions per new AUS (DU) may apply. - xxxxxx AUS attached - xxxxxx |
2026-05-14 17:07 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000121943 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 5 | xxxxxx | Credit | Missing letter of explanation | Lender to provide a LOE
from the borrower regarding the late mortgage payment in xxxxxx. |
LOX attached - xxxxxx |
LOE for late mortgage
payment was provided stating it was due to a Servicing company transfer. Condition resolved. - xxxxxx LOX attached - xxxxxx |
2026-05-19 15:24 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000121943 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 5 | xxxxxx | Credit | Income - Comparable Rent Schedule Form 1007 Missing | The loan file did not
contain the comparable rent schedule form 1007 as required. Lender to provide
the complete appraisal including the comparable rent schedule to verify
current market rent for the subject property. |
Refer to page 28 of the
appraisal report attached - xxxxxx |
Appraisal and 1007 were
provided. Condition resolved. -
xxxxxx Refer to page 28 of the appraisal report attached - xxxxxx |
2026-05-08 19:33 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000121943 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 5 | xxxxxx | Credit | Income - General | The loan file reflected
additional income issues. Lener to provide the current business entity
listing for xxxxxx. Missing State of CA business license showing active and
in good standing. |
see attached - xxxxxx |
Business License for
xxxxxx was provided. - xxxxxx see attached - xxxxxx |
2026-05-08 20:04 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000121943 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 5 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 21:23 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000121958 | xxxxxx | xxxxx | xxxxx | ME | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 4 | xxxxxx | Credit | Borrower 1 3rd Party VOE Prior to Close Missing | Borrower 1 3rd party VOE
prior to close missing. Please provide the 10 day verbal verification of
employment. |
VVOE - xxxxxx |
VVOE was provided. Condition resolved. - xxxxxx VVOE - xxxxxx |
2026-04-29 18:40 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000121958 | xxxxxx | xxxxx | xxxxx | ME | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 4 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Please provide the statement from xxxxxx reflecting a HELOC
payment of $xxxxxx |
HELOC - xxxxxx |
Signed statement from
xxxxxx about the HELOC, withdrawal, and deposit into checking account was
provided. The HELOC payment is calculated in the DTI. Condition
resolved. - xxxxxx HELOC - xxxxxx |
2026-04-29 18:38 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000121958 | xxxxxx | xxxxx | xxxxx | ME | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-27 21:10 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000121958 | xxxxxx | xxxxx | xxxxx | ME | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 4 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-04-27 21:11 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000121971 | xxxxxx | xxxxx | xxxxx | TX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CDA with Low Risk and CDA to Appraisal value with
0.00% variance which meets the lender's guidelines. |
2026-04-28 17:37 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000121971 | xxxxxx | xxxxx | xxxxx | TX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-04-28 17:37 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000121971 | xxxxxx | xxxxx | xxxxx | TX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-28 17:37 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000121983 | xxxxxx | xxxxx | xxxxx | AZ | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-04-07 22:22 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000121983 | xxxxxx | xxxxx | xxxxx | AZ | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
2026-04-07 22:22 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000121983 | xxxxxx | xxxxx | xxxxx | AZ | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
2026-04-07 22:23 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000122016 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 6 | xxxxxx | Credit | Income 1 Income Trend is Decreasing | Income 1 income trend is
decreasing. Although Desktop Underwriter requires one year of tax returns,
two years have been provided in the loan file. A letter of explanation is
required for Borrower 1 to address the decline in income from xxxxxx to
xxxxxx, which reflects a 16.13 percent decrease. |
see attached LOX - xxxxxx
LOE from employer - xxxxxx |
Signed LOE from B1 was
provided. Condition resolved. -
xxxxxx see attached LOX - xxxxxx Condition upheld. Condition is for B1, not B2 - xxxxxx LOE from employer - xxxxxx |
2026-04-17 16:02 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000122016 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 6 | xxxxxx | Credit | Delinquent Credit History Does Not Meet Guideline Requirements | Delinquent Credit History
does not meet guideline requirements. The credit report reflects non-medical
collection accounts that are not addressed in the AUS findings that include:
xxxxxx – collection/attorney fees for xxxxxx- ($xxxxxx reported xxxxxx) and
xxxxxx – $xxxxxx reported xxxxxx. Per guidelines for investment properties,
any individual collection or non-mortgage charge-off account with a balance
of $xxxxxx or greater, and aggregate balances exceeding $xxxxxx, must be paid
in full prior to or at closing. Please provide documentation showing these
debts have been paid. |
The Credit Control account
has a balance of $xxxxxx and the xxxxxx has a balance of $xxxxxx which are
both under $xxxxxx guideline to be paid - xxxxxx |
Delinquent Credit History
Meets Guideline Requirements - xxxxxx Condition set in error. Each account has a balance below $xxxxxx which meets guidelines. - xxxxxx Delinquent Credit History Meets Guideline Requirements - xxxxxx The Credit Control account has a balance of $xxxxxx and the xx xxxxxx has a balance of $xxxxxx which are both under $xxxxxx guideline to be paid - xxxxxx |
2026-06-19 11:57 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000122016 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 6 | xxxxxx | Credit | Property Title Issue | Property title issue. The
Warranty Deed/Transfer Deed/Grant Deed for the subject transaction is
missing. |
Deed - xxxxxx |
Warranty Deed
provided. Condition resolved. -
xxxxxx Property Title Issue Resolved - xxxxxx Deed - xxxxxx |
2026-04-09 17:48 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000122016 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 6 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-04-08 16:21 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000122016 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 6 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-08 16:22 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000122016 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 6 of 6 | xxxxxx | Credit | DTI - Missing Debts/ DTI Exceeds Tolerance | The DTI did not reflect all
of the borrower's debts resulting in a DTI that exceeds allowable tolerances.
There is an installment payment to xxxxxx for xxxxxx that appears on the
borrower's asset statement. Per the letter of explanation in the loan file,
the borrower stated that this is her son's account, but documentation to
support this is missing from the loan file.
|
kawasaki (syncrony)
statement showing in sons name - xxxxxx |
Evidence provided to show
account is in Borrower's Son's name.
Condition resolved. - xxxxxx xxxxxx (xxxxxx) statement showing in sons name - xxxxxx |
2026-04-09 17:34 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000122113 | xxxxxx | xxxxx | xxxxx | PA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-03-30 20:39 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 4000122113 | xxxxxx | xxxxx | xxxxx | PA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Credit | Other Credit Finding | There is a PUD Rider within
the loan package, as well as a Resale Certificate showing Capital Improvement
Transfer Fee Equal to an Annual
Assessment of $xxxxxx payable toxxxxxx (Association). Please provide a revised appraisal showing
that the Subject Property is located in a PUD. |
See attached updated
Appraisal with corrections - xxxxxx |
Corrected Appraisal
showing subject is a PUD was provided.
Condition resolved. - xxxxxx See attached updated Appraisal with corrections - xxxxxx |
2026-04-06 14:50 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000122113 | xxxxxx | xxxxx | xxxxx | PA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. The loan was FNMA approved,
but the Collateral Underwriter Risk Score is 3.5, which is outside the
guideline requirement of 2.5 or less. Please provide a valid 3rd party
valuation review product. |
See attached - xxxxxx |
CDA supporting value was
provided. Condition resolved. -
xxxxxx See attached - xxxxxx |
2026-04-06 14:44 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000122273 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CDA with Low Risk and CDA to Appraisal value with
0.00% variance which meets the lender's guidelines. |
2026-04-08 21:45 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000122273 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-04-08 21:44 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000122273 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-08 21:45 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000122315 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 4 | xxxxxx | Credit | Executed 4506-T / 4506-C Missing | Risk Assessment from the
1008 Page is 'DU', but the Executed 4506-T / 4506-C is 'NA' or blank for one
or more of the employed borrowers. Executed 4506-T / 4506-C missing. |
would like to confirm what
exactly document do you need us to provide here?Please advise - xxxxxx |
Not required. Condition resolved. - xxxxxx would like to confirm what exactly document do you need us to provide here?Please advise - xxxxxx |
2026-04-22 15:33 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000122315 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 4 | xxxxxx | Credit | Title Coverage is Less than Subject Lien(s) Total | Title coverage is less than
total amount of subject lien(s). File
contains prelim title |
TITLE SUPPLEMENT -
xxxxxx |
Letter from Title provided
stating coverage amount has been updated.
Condition resolved. - xxxxxx Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx.00+0+0 - xxxxxx TITLE SUPPLEMENT - xxxxxx |
2026-04-21 14:13 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000122315 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-17 19:56 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000122315 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 4 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-04-17 19:57 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000122434 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 4 | xxxxxx | Credit | Borrower 1 Personal Tax Returns Less Than 24 Months Provided | Borrower 1 personal tax
returns less than 24 months provided. Please provide the 2024 personal tax
returns for both borrowers. |
Per DU only one/current
year personal returns required -
xxxxxx |
AUS (DU) states most
recent year tax returns. Condition
resolved. - xxxxxx Per DU only one/current year personal returns required - xxxxxx |
2026-04-23 19:39 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000122434 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 4 | xxxxxx | Credit | All Interested Parties Not Checked with Exclusionary Lists | All interested parties not
checked with exclusionary lists. All of the required participant(s) have not
been input. Please add: Appraisal Management Company; Appraisal Underwriter;
Buyer Attorney; Disclosure Coordinator; Lender; Processor; Selling Real Estate
Office; Selling Realtor; Settlement Agent;
and Settlement Company |
see page 11 - xxxxxx |
Complete Fraud Report was
provided. Condition resolved. -
xxxxxx All Interested Parties Checked against Exclusionary Lists - xxxxxx see page 11 - xxxxxx |
2026-04-23 19:42 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000122434 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-21 19:38 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000122434 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 4 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-04-21 19:38 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000122646 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 8 | xxxxxx | Compliance | The Deed of Trust is Missing | The Deed of Trust is
missing. |
deed - xxxxxx |
The Deed of Trust has been
provided. - xxxxxx Received mortgage and second home rider - xxxxxx deed - xxxxxx |
2026-04-08 18:20 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000122646 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 8 | xxxxxx | Compliance | Second Home Rider is Missing | Second Home Rider is
missing. Second home Rider in file, unable to remove condition. |
mortgage with 2nd home
rider - xxxxxx |
Received mortgage and
second home rider - xxxxxx mortgage with 2nd home rider - xxxxxx |
2026-04-08 18:16 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000122646 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 8 | xxxxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. |
fraud report - xxxxxx |
Fraud Report
provided. Condition resolved. -
xxxxxx Third party fraud report is provided - xxxxxx fraud report - xxxxxx |
2026-04-08 17:34 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000122646 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 8 | xxxxxx | Compliance | Missing Doc - Homeownership Counseling Disclosure/Missing | Homeownership Counseling
Disclosure is missing. |
homeownership counseling -
xxxxxx |
Homeownership Counseling
Disclosure was provided. - xxxxxx Received disclosure - xxxxxx homeownership counseling - xxxxxx |
2026-04-10 15:50 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000122646 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 5 of 8 | xxxxxx | Compliance | Intent to Proceed is Missing or Incomplete | intent to proceed - xxxxxx |
Intent to Proceed
provided. - xxxxxx Received ITP - xxxxxx intent to proceed - xxxxxx |
2026-04-10 15:50 | Resolved | 3 | 1 | 4 | 1 | |||||
| 4000122646 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 6 of 8 | xxxxxx | Compliance | Missing Service Provider List | The loan file does not
contain the Service Provider List. |
settlement service
provider - xxxxxx |
Received SPL - xxxxxx settlement service provider - xxxxxx |
2026-04-08 18:26 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000122646 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 7 of 8 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
- xxxxxx |
2026-04-07 12:07 | Cleared | 1 | 1 | 4 | 1 | |||||
| 4000122646 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 8 of 8 | xxxxxx | Compliance | Federal - Loan Estimate Mailed/Delivered Within Three Business Days of Application | The Initial Loan Estimate
Disclosure Date (xxxxxx) is more than 3 business days from the Application
Date (xxxxxx). Three business days from the Application Date is (xxxxxx).
Under Regulation Z, a Loan Estimate must be delivered or placed in the mail
not later than the third business day after receiving a consumer's
application. (12 CFR 1026.19(e)(1)(iii)) Missing initial LE |
See attached - xxxxxx Finding is requesting the initial LE, issued on or within 3 days of xxxxxx. - xxxxxx xxxxxx LOCKED LE WAS E DISCLOSED THE BORROWER AND ESIGNED BY THE BORROWER ON xxxxxx. - xxxxxx |
Received initial LE -
xxxxxx Resolved - xxxxxx See attached - xxxxxx Finding is requesting the initial LE, issued on or within 3 days of xxxxxx. - xxxxxx Finding is requesting the initial LE, issued on or within 3 days of xxxxxx. - xxxxxx xxxxxx LOCKED LE WAS E DISCLOSED THE BORROWER AND ESIGNED BY THE BORROWER ON xxxxxx. - xxxxxx |
2026-04-14 13:30 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000122657 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Compliance | Missing evidence of rate lock | Missing evidence of Rate
Lock. Missing Lock confirmation from xxxxxx, Inc and xxxxxx . |
see attached - xxxxxx |
Investor Lock
provided. Condition resolved. -
xxxxxx Evidence of Rate Lock Provided - xxxxxx see attached - xxxxxx |
2026-04-07 16:14 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000122657 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-03 21:09 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000122657 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Missing the HOA information for xxxxxx |
Please see the attached
online search for both the properties, There is no HOAs , - xxxxxx |
HOA dues were
verified. Condition resolved. -
xxxxxx Please see the attached online search for both the properties, There is no HOAs , - xxxxxx |
2026-04-07 15:36 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000122680 | xxxxxx | xxxxx | xxxxx | PA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 5 | xxxxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. The loan file did not
contain the required 3rd party valuation product as required per the lender's
guidelines. |
ssrs attached - xxxxxx |
CU and LCA provided. Condition resolved. - xxxxxx ssrs attached - xxxxxx |
2026-04-07 20:37 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000122680 | xxxxxx | xxxxx | xxxxx | PA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 5 | xxxxxx | Credit | Hazard Insurance Policy is Missing | Missing hazard insurance
policy. Missing hazard insurance policy with Allstate Insurance for the
subject property. |
HOI - xxxxxx |
HOI Policy provided. Condition resolved. - xxxxxx Hazard Insurance Policy was provided. - xxxxxx HOI - xxxxxx |
2026-04-07 20:26 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000122680 | xxxxxx | xxxxx | xxxxx | PA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 5 | xxxxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. |
fraud report - xxxxxx |
Fraud Report
provided. Condition resolved. -
xxxxxx Third party fraud report is provided - xxxxxx fraud report - xxxxxx |
2026-04-07 20:30 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000122680 | xxxxxx | xxxxx | xxxxx | PA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 5 | xxxxxx | Compliance | TRID: Missing Initial Closing Disclosure | The loan file does not
contain the initial Closing Disclosure. The Initial Closing Disclosure is
missing from the file. Please provide the Initial CD and any subsequent CDs
prior to Final CD. |
initial cd xxxxxx - xxxxxx |
Received ICD - xxxxxx initial cd xxxxxx - xxxxxx |
2026-04-07 14:19 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000122680 | xxxxxx | xxxxx | xxxxx | PA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 5 of 5 | xxxxxx | Credit | Mortgage Insurance Cert Missing | Mortgage Insurance is
present but mortgage insurance cert is missing. The loan file is missing the
MI cert. |
updated du reflecting $0
for MI - xxxxxx There's is no MI. Please see page 1 of the final CD. - xxxxxx |
Updated AUS provided
showing No MI. LTV/CLTV is 80%. -
xxxxxx Mortgage Insurance is Present and Mortgage Insurance Cert has been provided or Mortgage Insurance is not Present - xxxxxx updated du reflecting $0 for MI - xxxxxx Condition upheld. While the AUS (DU) Submission #4 is at 80% LTV/CLTV, it does reflect a $xxxxxx MI Payment. Provide correct AUS. - xxxxxx There's is no MI. Please see page 1 of the final CD. - xxxxxx |
2026-04-09 14:02 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000122858 | xxxxxx | xxxxx | xxxxx | SC | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 1 of 13 | xxxxxx | Credit | Trust/POA Does Not Meet Guideline Requirements | Trust/POA does not meet
guideline requirements. The Power of Attorney Agreement provided is not
executed nor notarized. Missing the fully executed & notarized Power of
Attorney. |
Attached - xxxxxx |
Fully executed POA was
provided. Condition resolved. -
xxxxxx Trust/POA Meets Guideline Requirements - xxxxxx Attached - xxxxxx |
2026-04-16 15:22 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000122858 | xxxxxx | xxxxx | xxxxx | SC | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 2 of 13 | xxxxxx | Credit | Housing History Does Not Meet Guideline Requirements | Housing history does not
meet guideline requirements. The date last paid for the mortgage per the
credit report dated xxxxxx missing evidence the primary residence mortgage
with xxxxxx is current at the time of closingxxxxxx |
This was sold to xxxxxx and
credit refresh shows to xxxxxx. Statement attached. - xxxxxx |
Updated CR provided. Condition resolved. - xxxxxx Housing history meets guideline requirements. - xxxxxx This was sold to xxxxxx and credit refresh shows to xxxxxx. Statement attached. - xxxxxx |
2026-06-24 17:39 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000122858 | xxxxxx | xxxxx | xxxxx | SC | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 3 of 13 | xxxxxx | Credit | Borrower 1 Gap Credit Report is Missing | The credit report is 95
calendar days old on the note date. The GAP credit report is missing.
Additionally, The Transunion credit report is frozen. There is no LOE
regarding the security freeze. Credit reports may not contain a security
freeze and should be resolved prior to an underwriting decision. Unfrozen
reports after the date of the original credit report require a new tri-merged
report. Borrower 1 Gap Credit Report is Missing Gap report provided. |
There is no xxxxxx overlay
stating we must have three credit scores. Findings are also good to this -
xxxxxx |
Borrower 1 Gap Credit
Report is not missing. - xxxxxx There is no xxxxxxx overlay stating we must have three credit scores. Findings are also good to this - xxxxxx |
2026-06-24 17:39 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000122858 | xxxxxx | xxxxx | xxxxx | SC | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 4 of 13 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. 1) The HELOC w/ xxxxxx last activexxxxxx - and is still open. ~ Missing the xxxxxx HELOC statement for the primary residence supporting no balance nor payment due at time of closing. 2) Missing the HOA statement or a statement there is no HOA on the primary residence |
There is no statement to
provide since there is a zero balance. There is no payment on a heloc that
has no balance. This does not affect
the subject property. xxxxxx does not have an overlay to include a
payment based on a credit limit on a heloc and agency guidelines do not
require a payment on a $0 balance heloc. Can you please have management
review? - xxxxxx Credit refresh does not show a balance. Please see attached - xxxxxx - xxxxxx Can you please verify what is exactly needed to clear this suspense? - xxxxxx I cant see the attached HELOC account? - xxxxxx Also credit refresh shows a zero balance on this account and there are no HOA fees associated with this property. - xxxxxx |
Per Client, there is no
payment on a HELOC that has no balance. This does not affect the subject
property. Per the AUS (DU) in file: In order to ensure the minimum reserve
requirement for other financed properties (not belonging to the principal
residence or the subject property) is accurately calculated, all open/active
mortgages must be entered on the loan application. Cited HELOC is attached to the Borrowers
primary residence therefore condition is resolved. - xxxxxx There is no statement to provide since there is a zero balance. There is no payment on a heloc that has no balance. This does not affect the subject property. xxxxxx does not have an overlay to include a payment based on a credit limit on a heloc and agency guidelines do not require a payment on a $0 balance heloc. Can you please have management review? - xxxxxx Condition upheld. The pay-off from xxxxxx does show that the balance of the HELOC for x xxxxxx is $0, however the DU condition states the HELOC must me included on the loan application and in DU, as it is still open and the Borrower has the ability to draw from it, which would affect the DTI. Provide either a HELOC Statement or the HELOC Agreement in order to calculate an minimum payment to include in the DTI. A new 1003 and DU with this amount will be needed in order to calculate the DTI properly. - xxxxxx Credit refresh does not show a balance. Please see attached - xxxxxx Condition upheld. Provide evidence that the xxxxxx HELOC #xxxxxxx is closed with a $0 balance. As ofxxxxxx It has a Limit of $xxxxxx, a balance of $xxxxxx. If it not paid and closed, provide the mortgage statement for it showing the monthly payment. See condition #28 on the AUS (DU) It appears the following open/active mortgages or HELOCs on the credit report are not disclosed on the loan application. In order to ensure the minimum reserve requirement for other financed properties (not belonging to the principal residence or the subject property) is accurately calculated, all open/active mortgages must be entered on the loan application. If any of the following mortgages have not been provided on the loan application, they must be provided and the loan casefile resubmitted to DU. (MSG ID 3089) - xxxxxx - xxxxxx Can you please verify what is exactly needed to clear this suspense? - xxxxxx Document Uploaded. It was re-uploaded. xxxxxx Acct# xxxxxx - xxxxxx I cant see the attached HELOC account? - xxxxxx Document Uploaded. Condition upheld. See the attached HELOC Account. This was not updated with the refresh. - xxxxxx Also credit refresh shows a zero balance on this account and there are no HOA fees associated with this property. - xxxxxx |
2026-04-29 15:31 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000122858 | xxxxxx | xxxxx | xxxxx | SC | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 5 of 13 | xxxxxx | Credit | Mortgage Insurance - Insufficient | The mortgage insurance
certificate in the loan file was not sufficient. The MI is based off the
quoted loan amount of $xxxxxx w/ MI Rate of .xxxxxx for Upfront MI of
$xxxxxx. The xxxxxx MI cert based on the higher correct loan amount of
$xxxxxx is $xxxxxx and has an insufficient premium of $xxxxxx based on the
sum of its components; a difference of $xxxxxx. Provide the corrected MI Cert
with a PCD confirming the balance is paid for the Borrower Paid Upfront MI of
$xxxxxx. |
The base loan is $xxxxxx
with the factor of .82% = $xxxxxx which was then financed = $xxxxxx total
loan. - xxxxxx |
MI is an upfront
Premium. Condition resolved. -
xxxxxx The base loan is $xxxxxx with the factor of .82% = $xxxxxx which was then financed = $xxxxxx total loan. - xxxxxx |
2026-04-16 16:08 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000122858 | xxxxxx | xxxxx | xxxxx | SC | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 6 of 13 | xxxxxx | Property | Missing HOA/Condo Certification | The PIF receipt for the
condo questionnaire is provided. Missing the completed Condo Cert and Condo
Budget. |
Per findings this is
approved via Fannie Mae and should not need the certification or budget we
have the CPM approval in file. -
xxxxxx |
CPM in file. Condo is FNMA Approved. - xxxxxx Per findings this is approved via Fannie Mae and should not need the certification or budget we have the CPM approval in file. - xxxxxx |
2026-04-16 16:10 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000122858 | xxxxxx | xxxxx | xxxxx | SC | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 7 of 13 | xxxxxx | Credit | Asset 1 Does Not Meet Guideline Requirements | Asset does not meet G/L
Requirements. Verify these assets with a verification of deposit or bank
statements covering a two-month period. Only 1 month statement for xxxxxx and
1 month bank statement for the xxxxxx investment account is provided. |
Attached - xxxxxx |
Additional xxxxxx
Statement provided. Condition
resolved. - xxxxxx Asset Record 1 Meets G/L Requirements - xxxxxx Attached - xxxxxx |
2026-04-24 20:22 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000122858 | xxxxxx | xxxxx | xxxxx | SC | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 8 of 13 | xxxxxx | Credit | Asset 1 Less Than 2 Months Verified | Asset has less than 2
months verified in file. Verify these assets with a verification of deposit
or bank statements covering a two-month period. Only 1 month statement for
xxxxxx and 1 month bank statement for the xxxxxx investment account is
provided. |
Attached statement -
xxxxxx |
Additional Statement for
the xxxxxx account was provided.
Condition resolved. - xxxxxx Asset 1 Verified Sufficiently - xxxxxx Attached statement - xxxxxx |
2026-04-24 20:22 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000122858 | xxxxxx | xxxxx | xxxxx | SC | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 9 of 13 | xxxxxx | Credit | Asset 2 Less Than 2 Months Verified | Asset has less than 2
months verified in file. Used 1 condition for both statements. Per AUS, two
months asset statements are required.
Provide an additional statement for the xxxxxx account. |
Attached - xxxxxx Attached there are 2 months of assets with the xxxxxx. - xxxxxx |
Additional asset statement
was provided. Condition resolved. -
xxxxxx Asset 2 Verified Sufficiently Or Not Applicable - xxxxxx Attached - xxxxxx Attached there are 2 months of assets with the xxxxxx. - xxxxxx |
2026-04-24 20:24 | Resolved | 1 | 1 | 4 | 1 | ||||
| 4000122858 | xxxxxx | xxxxx | xxxxx | SC | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 10 of 13 | xxxxxx | Credit | All Interested Parties Not Checked with Exclusionary Lists | All interested parties not
checked with exclusionary lists. Fraud Reports provided do not include
LDP/GSA clearance for the POA - xxxxxx & Non-borrowing spouse on Mortgage
& Title - xxxxxx |
Attached - xxxxxx |
OFAC Check provided.
Condition resolved. - xxxxxx All Interested Parties Checked against Exclusionary Lists - xxxxxx Attached - xxxxxx |
2026-04-16 16:39 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000122858 | xxxxxx | xxxxx | xxxxx | SC | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 11 of 13 | xxxxxx | Credit | OFAC Check Not Completed and/or Cleared | OFAC check not completed
and/or cleared. Fraud Reports provided do not include OFAC clearance for the
POA - xxxxxx & Non-borrowing spouse on Mortgage & Title - xxxxxx |
Attached - xxxxxx |
OFAC Check Completed and
Cleared - xxxxxx Attached - xxxxxx |
2026-04-16 16:57 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000122858 | xxxxxx | xxxxx | xxxxx | SC | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 12 of 13 | xxxxxx | Credit | Condo - Master Policy Insufficient | The master hazard insurance
policy verified total coverage which was not sufficient to cover total
required coverage. The Master Condo Policy expires within 13 days of closing.
Missing the updated Condo Policy. |
Attached - xxxxxx |
Renewed Condo policy
provided. Condition resolved. -
xxxxxx Attached - xxxxxx |
2026-04-28 15:49 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000122858 | xxxxxx | xxxxx | xxxxx | SC | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 13 of 13 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
2026-04-13 12:35 | Cleared | 1 | 1 | 4 | 1 | |||||
| 4000123017 | xxxxxx | xxxxx | xxxxx | IL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-21 16:47 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000123017 | xxxxxx | xxxxx | xxxxx | IL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-21 16:48 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000123017 | xxxxxx | xxxxx | xxxxx | IL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-04-21 16:47 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000123053 | xxxxxx | xxxxx | xxxxx | VA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. The loan file contains a CU
with a risk score of 2.8 (>2.5 maximum allowed) and a LCA with no score,
missing acceptable secondary valuation to support origination value. |
CDA supporting value was
provided. Condition resolved. - xxxxxx
Attached - xxxxxx |
CDA supporting value was
provided. Condition resolved - xxxxxx CDA supporting value was provided. Condition resolved. - xxxxxx Attached - xxxxxx |
2026-04-27 18:05 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000123053 | xxxxxx | xxxxx | xxxxx | VA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
The loan meets all
applicable compliance guidelines. - xxxxxx |
2026-04-14 18:43 | Cleared | 1 | 1 | 3 | 1 | |||||
| 4000123053 | xxxxxx | xxxxx | xxxxx | VA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Missing $xxxxxx HOA documentation on primary residencexxxxxx |
Attached HOA - xxxxxx |
Evidence of HOA was
provided. Condition resolved. -
xxxxxx Attached HOA - xxxxxx |
2026-04-17 15:43 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000123285 | xxxxxx | xxxxx | xxxxx | NC | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 6 | xxxxxx | Property | Condo - Warrantability | Condominium project is not
warrantable, or documentation not provided to determine warrantability The
CPM is not approved. - Missing the Condo Questionnaire. |
Attached - xxxxxx |
Condo Questionnaire,
Budget, and Lender's Certification of Limited Review were provided. Condition resolved. - xxxxxx Condominium project is warrantable, or documentation has been provided to determine warrantability. - xxxxxx Attached - xxxxxx |
xxxxxx 18:44 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000123285 | xxxxxx | xxxxx | xxxxx | NC | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 6 | xxxxxx | Credit | Condo - HOA Budget Missing | The loan file did not
contain the HOA budget as required. The loan file did not contain the
condominium budget as required. |
Attached - xxxxxx |
Condo HOA budget
provided. Condition resolved. -
xxxxxx Attached - xxxxxx |
xxxxxx 18:44 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000123285 | xxxxxx | xxxxx | xxxxx | NC | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 6 | xxxxxx | Credit | Master Policy Effective Date is After the Transaction Date | Master Policy effective
date is after the transaction date. The master condo policy endorsed for the
subject as dates of effective coverage dates ofxxxxxx toxxxxxx with note date
ofxxxxxx. Lender to provide current policy. |
Attached - xxxxxx |
Previous Master Policy
fromxxxxxx toxxxxxx was provided.
Condition resolved. - xxxxxx Master Policy Effective Date of xxxxxx is Prior To or Equal To the Transaction Date of xxxxxx Or Master Policy Effective Date Is Not Provided - xxxxxx Attached - xxxxxx |
xxxxxx 18:34 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000123285 | xxxxxx | xxxxx | xxxxx | NC | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 6 | xxxxxx | Credit | Transaction is not arm's length | Lender to Provide
clarification of any relationship between Co-borrower xxxxxx, settlement
company xxxxxx, and Notary (xxxxxx) due to shared surname (xxxxxx) /
potential Non-arm's length closing. |
Attached - xxxxxx They are sisters- they are related. - xxxxxx |
A letter disclosing the
relationship between the Co-Borrower and Notary was provided. Condition resolved. - xxxxxx Attached - xxxxxx Condition upheld. Both parties are related therefore, provide a fully executed Letter of Explanation disclosing the relationship and ensuring independence and no conflict of interest. - xxxxxx They are sisters- they are related. - xxxxxx |
2026-05-07 14:23 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000123285 | xxxxxx | xxxxx | xxxxx | NC | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 6 | xxxxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. The loan file did not
contain the required 3rd party valuation product supporting the appraisal.
|
Score is 1 - xxxxxx |
CU and LCA, both with a
score of 1 were provided. Condition
resolved. - xxxxxx Score is 1 - xxxxxx |
xxxxxx 18:43 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000123285 | xxxxxx | xxxxx | xxxxx | NC | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 6 of 6 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
xxxxxx 21:50 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000123398 | xxxxxx | xxxxx | xxxxx | WV | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CU a with risk score = or < 2.5 which meets the
lender's guidelines. |
2026-05-04 12:58 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000123398 | xxxxxx | xxxxx | xxxxx | WV | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-04 12:58 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000123398 | xxxxxx | xxxxx | xxxxx | WV | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-05-04 12:59 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000123445 | xxxxxx | xxxxx | xxxxx | IL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 4 | xxxxxx | Compliance | The Final 1003 is Missing | The final 1003 is missing.
|
Final 1003 - xxxxxx |
Final 1003 provided. Condition resolved. - xxxxxx The final 1003 has been provided. - xxxxxx Final 1003 - xxxxxx |
2026-04-28 18:28 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000123445 | xxxxxx | xxxxx | xxxxx | IL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 4 | xxxxxx | Compliance | Post Consummation CD Required | Post Close CD is required.
The Final CD datedxxxxxx in file shows funds from buyer $xxxxxx. The wire
receipt in file shows $xxxxxx was paid to title from the borrower for the
subject transaction onxxxxxx |
See attached - xxxxxx |
Received PCCD showing
correct $xxxxxx to borrower at closing - xxxxxx See attached - xxxxxx |
2026-04-29 13:14 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000123445 | xxxxxx | xxxxx | xxxxx | IL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-22 20:12 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000123445 | xxxxxx | xxxxx | xxxxx | IL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 4 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-04-22 20:14 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000123528 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-20 19:31 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000123528 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Lender to provide mortgage statement for xxxxxx to support REO
calculations. |
Bank statement , Mortgage
Statement - xxxxxx Condition upheld. What was provided was a Property Report and an HOI Policy. Provide the most recent Mortgage Statement for xxxxxx. - xxxxxx mortgage statement for xxxxxx to support REO calculations. - xxxxxx |
Bank statements
provided. Condition resolved. -
xxxxxx Bank statement , Mortgage Statement - xxxxxx Condition upheld. What was provided was a Property Report and an HOI Policy. Provide the most recent Mortgage Statement for xxxxxx. - xxxxxx Condition upheld. What was provided was a Property Report and an HOI Policy. Provide the most recent Mortgage Statement for xxxxxx. - xxxxxx mortgage statement for xxxxxx to support REO calculations. - xxxxxx |
2026-04-24 18:31 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000123528 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-04-20 19:32 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000123596 | xxxxxx | xxxxx | xxxxx | TN | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan file contains a CDA with Low Risk and CDA to Appraisal value with
0.00% variance which meets the lender's guidelines. |
2026-04-16 18:19 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000123596 | xxxxxx | xxxxx | xxxxx | TN | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-04-16 18:19 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000123596 | xxxxxx | xxxxx | xxxxx | TN | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | Liabilities - Excluded Debts | There was no explanation or
support for the omission of one or more debts from the initial application.
Per DU xxxxxx payment $xxxxxx/$xxxxxx borrower is to submitted documentation
to be omitted. Only documentation in file B1 bank statement made payments. The following accounts listed on the loan application were omitted from the underwriting calculations. For each liability that belongs to the borrower, provide documentation that supports the omission. If any of these accounts will be paid prior to or at closing, those accounts must be marked paid by closing (not omitted) and the loan casefile must be resubmitted to DU. |
Please clarify the xxxxxx
account was omitted as there is less than 10 payments (xxxxxx loan)
xxxxxx/xxxxxx=9.27 payment remain - xxxxxx |
Installment less than
10. Condition resolved. - xxxxxx Please clarify the xxxxxx account was omitted as there is less than 10 payments (xxxxxx loan) xxxxxx/xxxxxx=9.27 payment remain - xxxxxx |
2026-04-17 16:50 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000123870 | xxxxxx | xxxxx | xxxxx | SC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 4 | xxxxxx | Credit | Income 3 Months Income Verified is Missing | Income 3 months income
verified is missing. The pension income for the borrower from thexxxxxx, for
$xxxxxx/month, is missing from the loan file.
|
Condition set in
error. AUS (LP) states: For each
account used to qualify, obtain an account statement covering a 1-month
period for each account or a direct account verification. One month statement is located in the loan
file. Condition is resolved. -
xxxxxx |
2026-05-04 14:24 | Resolved | 3 | 1 | 3 | 1 | |||||
| 4000123870 | xxxxxx | xxxxx | xxxxx | SC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 4 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Per the fraud report, the borrower owns xxxxxx. The expenses for
this property wasn't included in the DTI. Please provide the mortgage, tax,
insurance, and HOA statements for this property. |
this property is not our
borrowers – it’s his parents (our borrower is xxxxxx – the owner of record is
xxxxxx) – I have provided the county website search printouts for both names
to show who is associated to properties, Promissory Note from when parents
bought the home and RE Tax bill in the name of xxxxxx. property ID is not
shown on xxxxxx Search but matches xxxxxx’s search - xxxxxx |
Tax Bill, Lien Search, and
Promissory Note were provided showing the cited property is not the
Borrower's. Condition resolved. -
xxxxxx this property is not our borrowers – it’s his parents (our borrower is xxxxxx – the owner of record is xxxxxx) – I have provided the county website search printouts for both names to show who is associated to properties, Promissory Note from when parents bought the home and RE Tax bill in the name of xxxxxx. property ID is not shown on xxxxxx Search but matches xxxxxx’s search - xxxxxx |
xxxxxx 14:54 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000123870 | xxxxxx | xxxxx | xxxxx | SC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were
satisfied. |
xxxxxx 12:23 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000123870 | xxxxxx | xxxxx | xxxxx | SC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 4 | xxxxxx | Credit | Assets - Earnest Money Deposit | The earnest money deposit
was not properly documented and/or sourced. Please provide the xxxxxx
statement showing that the earnest money deposit of $xxxxxx cleared the
borrower's account. |
This was taken out and we
reran AUS - xxxxxx |
EMD was removed. AUS States Total funds required to be
verified is $xxxxxx Borrower has
$xxxxxx in verified assets in file.
Condition resolved. - xxxxxx This was taken out and we reran AUS - xxxxxx |
2026-05-04 14:22 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000123984 | xxxxxx | xxxxx | xxxxx | WI | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 4 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-26 13:03 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000123984 | xxxxxx | xxxxx | xxxxx | WI | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 4 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-05-26 13:03 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000123984 | xxxxxx | xxxxx | xxxxx | WI | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-26 13:03 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000123984 | xxxxxx | xxxxx | xxxxx | WI | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 4 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Lender to provide the actual property tax bill for the newly
purchased investment property xxxxxx. |
Property is new
construction. Unable to pull up a tax
bill at this time. Calculations for
the taxes being provided - xxxxxx |
Subject is new
construction. There is no tax bill.
The tax calculation was provided.
Condition resolved. - xxxxxx Property is new construction. Unable to pull up a tax bill at this time. Calculations for the taxes being provided - xxxxxx |
2026-06-02 13:42 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000123997 | xxxxxx | xxxxx | xxxxx | WI | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-05 21:54 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000123997 | xxxxxx | xxxxx | xxxxx | WI | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-05 21:54 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000123997 | xxxxxx | xxxxx | xxxxx | WI | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | The Final Closing Disclosure contains errors | Missing Page 3 of the Final
Closing Disclosure dated xxxxxx. |
FINAL CD - xxxxxx |
Received complete CD -
xxxxxx FINAL CD - xxxxxx |
2026-05-07 16:47 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000124030 | xxxxxx | xxxxx | xxxxx | NC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Credit | Mortgage Insurance Cert Missing | Mortgage Insurance is
present but mortgage insurance cert is missing. |
Attached - xxxxxx |
MI Cert provided. Condition resolved. - xxxxxx Mortgage Insurance is Present and Mortgage Insurance Cert has been provided or Mortgage Insurance is not Present - xxxxxx Attached - xxxxxx |
2026-05-05 17:25 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000124030 | xxxxxx | xxxxx | xxxxx | NC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 21:00 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 4000124030 | xxxxxx | xxxxx | xxxxx | NC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 21:00 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 4000124321 | xxxxxx | xxxxx | xxxxx | PA | Second Home | Refinance | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 1 of 3 | xxxxxx | Credit | Audited DTI Exceeds Guideline DTI | Audited DTI exceeds
guideline DTI. The DTI is over due to the lender used Base income of $xxxxxx
+ Bonus Income of $xxxxxx for $xxxxxx. However, the loan file contained a
WVOE which does reflect the base income of $xxxxxx; however, the calculated
bonus for (xxxxxx-12 months) $xxxxxx + (xxxxxx 10.138 months) $xxxxxx =
$xxxxxx / 22.138 months = $xxxxxx monthly. Therefore, the DTI is 51.33%. |
please see attached - xxxxxx Please re-review the VOE as it shows the pay rate is $xxxxxx bi weekly. $xxxxxx x 26 = $xxxxxx / 12 = $xxxxxx / mo Bonus: 24 month average $xxxxxx / mo - xxxxxx |
Updated 1003/1008
provided. Condition resolved. - xxxxxx please see attached - xxxxxx Condition upheld. Provide income calculation on Bonus income. $xxxxxx + $xxxxxx = $xxxxxx / 24 = $xxxxxx. Where is the Bonus income on AUS, 1008, and 1003 of $xxxxxx coming from? All docs have total income of $xxxxxx. Please explain and document. - xxxxxx Please re-review the VOE as it shows the pay rate is $xxxxxx bi weekly. $xxxxxx x 26 = $xxxxxx / 12 = $xxxxxx / mo Bonus: 24 month average $xxxxxx / mo - xxxxxx |
2026-04-16 20:17 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000124321 | xxxxxx | xxxxx | xxxxx | PA | Second Home | Refinance | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-04-10 20:06 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000124321 | xxxxxx | xxxxx | xxxxx | PA | Second Home | Refinance | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 3 of 3 | xxxxxx | Compliance | Charges That In Total Cannot Increase More Than 10% Test (xxxxxx1258) | The total amount of the 10%
category fees on the last Closing Disclosure ($xxxxxx) has increased by more
than 10% over the current baseline value of ($xxxxxx). The total amount of
fees in the 10% category cannot exceed ($xxxxxx). The following fee(s) have
either increased from their baseline disclosure or have been recently added:
(Recording Fees – Mortgage/Deed of Trust). Any increase to an existing fee
and/or the addition of a new fee that causes the 10% category threshold to be
exceeded cannot occur unless a new disclosure is provided and there is a
valid changed circumstance associated with the increased fee(s) or new
fee(s). (12 CFR 1026.19(e)(3)(ii); 12 CFR 1026.19(e)(3)(iv)). The recording
fee increased on the Initial CD without a valid changed circumstance in the
file. |
see attached COC - xxxxxx |
Received CIC for increased
fees - xxxxxx Resolved - xxxxxx see attached COC - xxxxxx |
2026-04-14 17:16 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000125087 | xxxxxx | xxxxx | xxxxx | DE | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-08 20:09 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000125087 | xxxxxx | xxxxx | xxxxx | DE | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-08 20:09 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000125087 | xxxxxx | xxxxx | xxxxx | DE | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-08 20:09 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000125342 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Credit | Liabilities - Not Verified | The application lists debts
that were not verified on the credit report and not independently verified.
Per the borrower's LOE regarding the 7 most recent inquiries, only 1 of the
new accounts show on the credit report. Per the LOE the accounts were opened
for xxxxxx has zero balance, xxxxxx xxxxxxas zero balance, xxxxxx xxxxxxpened
for jewelry purchase and PIF and closed, and xxxxxx xxxxxx stated declined
due to better rate attained by xxxxxx. The credit report only supports the
xxxxxx account opened. Missing the statements for the other accounts shown
supporting there is no new debt affiliated with the 3 confirmed new
tradelines, including the 1 opened and paid off with xxxxxx. Additionally,
evidence the account with xxxxxx is closed is also needed. |
New LOE and evidence of
debts were provided. Condition
resolved. - xxxxxx bank statement - xxxxxx |
New LOE and evidence of
debts were provided. Condition resolved. - xxxxxx New LOE and evidence of debts were provided. Condition resolved. - xxxxxx bank statement - xxxxxx |
2026-05-21 15:57 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000125342 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-07 16:17 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000125342 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-05-07 14:08 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000125383 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-26 13:33 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000125383 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-26 13:33 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000125383 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-26 13:32 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000125516 | xxxxxx | xxxxx | xxxxx | PA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 6 | xxxxxx | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain
the Approval/Underwriting Summary. Loan file did not contain Approval/UW
Summary (1008). |
1008 - xxxxxx |
1008 was provided.
Condition resolved. - xxxxxx Approval/Underwriting Summary is fully present - xxxxxx 1008 - xxxxxx |
2026-05-06 18:37 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000125516 | xxxxxx | xxxxx | xxxxx | PA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 6 | xxxxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. Fraud report not reflected in file |
fraud report - xxxxxx |
Fraud Report
provided. Condition resolved. -
xxxxxx Third party fraud report is provided - xxxxxx fraud report - xxxxxx |
2026-05-06 18:45 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000125516 | xxxxxx | xxxxx | xxxxx | PA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 6 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-04-29 19:12 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 4000125516 | xxxxxx | xxxxx | xxxxx | PA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 6 | xxxxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. The loan was FNMA approved,
but the CU Risk is assessed at 3, which is outside the guideline requirement
of 2.5 or less. Please provide a valid 3rd party valuation review product. |
desk review - xxxxxx This a qm loan and a third party valuation is not required. - xxxxxx |
CDA supporting value was
provided. Condition resolved. -
xxxxxx desk review - xxxxxx Condition upheld. Per Guidelines: All loans require a 3rd party valuation to support the Appraised value. Since the CU and LCA submitted received scores over 2.5, a new CU /LCA (both at the same time) or a CDA is required. - xxxxxx This a qm loan and a third party valuation is not required. - xxxxxx |
2026-05-14 18:27 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000125516 | xxxxxx | xxxxx | xxxxx | PA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 6 | xxxxxx | Credit | Borrower 2 WVOE Missing | Borrower 2 WVOE missing..
The co-borrower's income was validated using the work number VOE with the
vendor ID of xxxxxx. This VOE is missing from the loan file. |
WVOE - xxxxxx VVOE FOR xxxxxx - xxxxxx |
WVOE validated by AUS (DU)
was provided. Condition resolved. -
xxxxxx Borrower 2 WVOE Provided or Not Applicable (Number of Borrowers equals 2) - xxxxxx WVOE - xxxxxx A VVOE datedxxxxxx was provided. The condition is for a Written Verification of Employment. DU validated borrower income with The Work Number (VOI/VOE) xxxxxx. Provide this WVOE. - xxxxxx VVOE FOR xxxxxx - xxxxxx |
2026-05-11 17:35 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000125516 | xxxxxx | xxxxx | xxxxx | PA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 6 of 6 | xxxxxx | Property | Third party valuation product to support appraisal value is missing | The CU score is
unacceptable or not provided. 3rd party valuation supporting value is missing
from file. |
The CU/LCA score is
provided. - xxxxxx Duplicate - xxxxxx |
2026-05-14 18:10 | Resolved | 3 | 1 | 4 | 1 | |||||
| 4000125591 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Compliance | Missing Warranty / Transfer Deed | Warranty / Transfer Deed is
not provided. Missing Warranty / Transfer Deed |
warranty deed - xxxxxx |
Recorded Interspousal
transfer deed received - xxxxxx warranty deed - xxxxxx |
2026-05-28 12:57 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000125591 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Compliance | Post Consummation CD issued improperly | All Closing Disclosures
& Closing Instructions have the subject property address as the
Settlement Agents Address in error. Please provide corrected CD's with the
Settlement Agents office address corrected.
|
PCCD - xxxxxx |
Received PCCD correcting
the address - xxxxxx PCCD - xxxxxx |
2026-05-27 14:48 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000125591 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-18 16:14 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 4000125591 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-18 16:14 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 4000125630 | xxxxxx | xxxxx | xxxxx | VA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 1 of 3 | xxxxxx | Credit | Income - Income Documentation Missing | The loan file did not
contain the required income documentation. Missing lender income calculation
worksheet. |
Calculation worksheets -
xxxxxx |
S/E Income worksheets were
provided for both Borrowers. Condition
resolved. - xxxxxx Calculation worksheets - xxxxxx |
2026-05-12 15:13 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000125630 | xxxxxx | xxxxx | xxxxx | VA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-05-06 19:13 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000125630 | xxxxxx | xxxxx | xxxxx | VA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 3 of 3 | xxxxxx | Property | Third party valuation product to support appraisal value is missing | The CU score is
unacceptable or not provided. The CU score provided is over 2.5 |
Collateral Desktop Analysis
- xxxxxx |
CDA supporting value was
provided. Condition resolved. -
xxxxxx The CU/LCA score is provided. - xxxxxx Collateral Desktop Analysis - xxxxxx |
2026-05-12 15:11 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000125708 | xxxxxx | xxxxx | xxxxx | MA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-22 16:49 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 4000125708 | xxxxxx | xxxxx | xxxxx | MA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-22 16:49 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 4000125708 | xxxxxx | xxxxx | xxxxx | MA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Property | Value - AVM/BPO/Desk Review did not support Value within -10% | The 3rd party review
product did not support the value within a -10% variance. Per guidelines, the
Vendor Appraisal/Value Review final opinion of value must be within -10% of
the origination appraisal(s) or sales price. The current AVM reflects a value
of 24% above the value submitted. The AVM did not support the value within
10% or the confidence score was below 85. |
See attached - xxxxxx |
value accepted per AVM -
xxxxxx Condition set in error. AVM value is greater that Value Acceptance value from the AUS (DU). - xxxxxx See attached - xxxxxx |
2026-06-19 12:25 | Resolved | 3 | 1 | 3 | 2 | ||||
| 4000125708 | xxxxxx | xxxxx | xxxxx | MA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Property | Appraisal is Missing | The file is missing the
appraisal. AUS/DU issued Value Acceptance (Appraisal Waiver) |
2026-05-22 16:50 | Acknowledged | 2 | 2 | 3 | 2 | ||||||
| 4000125962 | xxxxxx | xxxxx | xxxxx | NC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 18:11 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000125962 | xxxxxx | xxxxx | xxxxx | NC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 18:11 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000125962 | xxxxxx | xxxxx | xxxxx | NC | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 18:11 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000125972 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-28 17:38 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000125972 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-28 17:38 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000125972 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | Missing VOM or VOR | Verification of Rent
(VOR)/Verification of Mortgage (VOM) Document is Missing. The borrower is
currently renting the primary residence. Per the AUS, the rental housing
expense must be verified and documented. This documentation is missing from
the loan file. |
See attached - xxxxxx |
The fully executed Lease
Agreement and VOR were provided, which satisfies the AUS condition. Condition resolved. - xxxxxx Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - xxxxxx See attached - xxxxxx |
2026-06-01 13:48 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000126026 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 4 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-06 22:51 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000126026 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
The loan was approved using an appraisal waiver. The loan file contains the required AVM
within the 10% tolerance as required by the guidelines. |
2026-05-06 22:51 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000126026 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 4 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-05-06 22:51 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000126026 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 4 | xxxxxx | Property | Property Inspection Waiver | Appraisal Waiver used as
Primary Value. Allowed per GL - xxxxxx |
2026-06-15 20:32 | Acknowledged | 1 | 1 | 1 | 1 | ||||||
| 4000126072 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-26 13:50 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000126072 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 2 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-26 13:50 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000126072 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-05-26 13:50 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000126185 | xxxxxx | xxxxx | xxxxx | NY | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain
the Approval/Underwriting Summary. Missing Approval/Underwriting Summary |
See attached - xxxxxx |
1008 was provided. Condition resolved. - xxxxxx Approval/Underwriting Summary is fully present - xxxxxx See attached - xxxxxx |
2026-05-11 14:46 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000126185 | xxxxxx | xxxxx | xxxxx | NY | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-07 22:05 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 4000126185 | xxxxxx | xxxxx | xxxxx | NY | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Compliance | The Note is Incomplete | The Note is incomplete.
Page 3 and 4 of the note are missing from the file. |
See attached, - xxxxxx |
The Note is Present -
xxxxxx See attached, - xxxxxx |
2026-05-11 14:56 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000126185 | xxxxxx | xxxxx | xxxxx | NY | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Credit | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Verification of Rent
(VOR)/Verification of Mortgage (VOM) Document is incomplete. The borrower is
currently residing at xxxxxx, per the lease, since xxxxxx. Per the AUS, The
amount of the rental housing expense must be verified and documented via copy
of a current fully executed lease agreement and two months cancelled
checks/equivalent payment source. The lease is in file, but proof of the
payment is missing. |
Verification of Rent
provided in the file is fully complete.
- xxxxxx |
Condition set in
error. Fully executed VOR from
Management Company was provided. - xxxxxx Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - xxxxxx Verification of Rent provided in the file is fully complete. - xxxxxx |
2026-05-11 14:40 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000126204 | xxxxxx | xxxxx | xxxxx | NC | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-05 19:52 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000126204 | xxxxxx | xxxxx | xxxxx | NC | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-05 19:52 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000126204 | xxxxxx | xxxxx | xxxxx | NC | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-05 19:53 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000126240 | xxxxxx | xxxxx | xxxxx | TX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-05-21 14:40 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000126240 | xxxxxx | xxxxx | xxxxx | TX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-21 14:41 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000126240 | xxxxxx | xxxxx | xxxxx | TX | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. The loan was approved with a primary residence expense of
$xxxxxx, but documentation in the file only supports a payment of $xxxxxx.
Primary residence (taxes - $xxxxxx; HOI -
$xxxxxx; and HOA - none). Please provide documentation to support the
payment of $xxxxxx. |
There is no HOA true.. and
there are taxes of $xxxxxx/12=$xxxxxx and HOI OF $xxxxxx /12=$xxxxxx $xxxxxx + $xxxxxx = $xxxxxx - xxxxxx |
Evidence provided to show
HOA. Taxes and HOI only. Condition
resolved. - xxxxxx There is no HOA true.. and there are taxes of $xxxxxx/12=$xxxxxx and HOI OF $xxxxxx /12=$xxxxxx $xxxxxx + $xxxxxx = $xxxxxx - xxxxxx |
2026-05-28 16:17 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000126267 | xxxxxx | xxxxx | xxxxx | ME | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 4 | xxxxxx | Compliance | Second Home Rider is Missing | Second Home Rider is
missing. Second home rider not in file |
Attached - xxxxxx |
Received rider - xxxxxx Attached - xxxxxx |
2026-05-29 14:54 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000126267 | xxxxxx | xxxxx | xxxxx | ME | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 4 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-28 12:42 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000126267 | xxxxxx | xxxxx | xxxxx | ME | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-28 12:43 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000126267 | xxxxxx | xxxxx | xxxxx | ME | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 4 | xxxxxx | Compliance | Missing Attorney Preference Letter | Right To Choose Attorney or
Attorney Preference not in file. |
Attached - xxxxxx |
Right To Choose Attorney
or Attorney Preference Resolved or Not Applicable - xxxxxx Received disclosure - xxxxxx Attached - xxxxxx |
2026-05-29 14:55 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000126546 | xxxxxx | xxxxx | xxxxx | NJ | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-19 17:22 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000126546 | xxxxxx | xxxxx | xxxxx | NJ | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-19 17:22 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000126546 | xxxxxx | xxxxx | xxxxx | NJ | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Credit | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Verification of Rent
(VOR)/Verification of Mortgage (VOM) Document is incomplete. Per the
AUS/Lender guidelines, the Borrower's rental history, acceptable
documentation includes a direct verification from a management company or
individual landlord plus six months cancelled checks. The loan file contains
the VOR from a private landlord; however, the 6 months cancelled checks are
missing. |
LOX - xxxxxx |
Condition set in error. DU
states a VOR from Landlord is acceptable.
Condition resolved. - xxxxxx Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - xxxxxx LOX - xxxxxx |
2026-05-21 13:38 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000126546 | xxxxxx | xxxxx | xxxxx | NJ | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Credit | Title Document is Partially Present | Title document is
incomplete or only partially present.
File is missing either a Quick EQ/Property Report or the RELP, MRELP,
Transaction Cert, or E&O Policy.
Please supply both required Title documents. The loan file is missing
the chain of title. |
title - xxxxxx |
Chain or Title
provided. Condition resolved. -
xxxxxx Title document has been provided. - xxxxxx title - xxxxxx |
2026-05-21 13:42 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000126629 | xxxxxx | xxxxx | xxxxx | UT | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 5 | xxxxxx | Credit | Borrower 1 3rd Party VOE Prior to Close Missing | Borrower 1 3rd party VOE
prior to close missing. The VOE within 10 days of closing as required per the
LPA is not in file. |
See attached - xxxxxx |
VVOE was provided. Condition resolved. - xxxxxx Borrower 1 3rd Party VOE prior to close was provided. - xxxxxx See attached - xxxxxx |
2026-06-01 14:01 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000126629 | xxxxxx | xxxxx | xxxxx | UT | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 5 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Missing the HOA or letter confirming there is no HOA for the
primary xxxxxx, and REO: xxxxxx. |
See attached - xxxxxx |
Letter from Borrower
stating no HOA dues on either property was provided. Condition resolved. - xxxxxx See attached - xxxxxx |
2026-06-01 14:05 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000126629 | xxxxxx | xxxxx | xxxxx | UT | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 5 | xxxxxx | Compliance | Missing Warranty / Transfer Deed | Warranty / Transfer Deed is
not provided. The Warranty/Transfer Deed is missing. |
See attached - xxxxxx |
Received warranty deed -
xxxxxx See attached - xxxxxx |
2026-05-29 15:54 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000126629 | xxxxxx | xxxxx | xxxxx | UT | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 5 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-28 12:44 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 4000126629 | xxxxxx | xxxxx | xxxxx | UT | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 5 | xxxxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. The third party fraud report is missing. |
See attached - xxxxxx |
Fraud Report
provided. Condition resolved. -
xxxxxx Third party fraud report is provided - xxxxxx See attached - xxxxxx |
2026-06-01 13:57 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000126661 | xxxxxx | xxxxx | xxxxx | UT | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-06-01 22:57 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000126661 | xxxxxx | xxxxx | xxxxx | UT | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-06-01 22:57 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000126661 | xxxxxx | xxxxx | xxxxx | UT | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-06-01 22:57 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000126667 | xxxxxx | xxxxx | xxxxx | AZ | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-20 21:53 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000126667 | xxxxxx | xxxxx | xxxxx | AZ | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-05-20 21:53 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000126667 | xxxxxx | xxxxx | xxxxx | AZ | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-20 21:54 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000126773 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-19 16:28 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000126773 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-19 16:28 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000126773 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2026-05-19 16:28 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000126785 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. Lender to provide the 3rd
party valuation to verify/ support the value of the subject property. |
See attached - xxxxxx Please see attached - xxxxxx |
PCI Report with No
Potential Risks Noted was provided.
Condition resolved. - xxxxxx See attached - xxxxxx Document Uploaded. Condition upheld. Per Guidelines (see attached): An AVM Must be submitted with a Property Condition Report (“PCR”) detailing exterior photos. Property Condition Report to show the underlying property to be in adequate condition. Provide the required PCR Report. - xxxxxx Please see attached - xxxxxx |
2026-06-03 16:34 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000126785 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-19 19:25 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000126785 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-19 19:25 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000126785 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Property | Property Inspection Waiver | Appraisal Waiver used as
Primary Value. Allowed per GL - xxxxxx |
2026-06-15 20:33 | Acknowledged | 1 | 1 | 3 | 1 | ||||||
| 4000126809 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Lender to provide the final CD as well as a current payment
history if applicable for the following mortgage loans, originated around
xxxxxx: - xxxxxx Funding Acct **** Refi Bal $xxxxxx, Payment $xxxxxx REO: xxxxxx / Paid off xxxxxx **** xxxxxx $xxxxxx IO loan - xxxxxx Funding Acct **** Refi Bal $xxxxxx, Payment $xxxxxx REO: xxxxx xxxxxx off xxxxxx **** $xxxxxx and xxxxxx ****xxxxxx $xxxxxx |
AUS, FINAL 1003 ,xxxxxx
,xxxxxx xxxxxx - xxxxxx |
REO documents were
provided. Condition resolved. -
xxxxxx AUS, FINAL 1003 , xxxxxx ,xxxxxx xxxxxx - xxxxxx |
2026-05-18 20:40 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000126809 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-11 20:24 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000126809 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-11 20:25 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000126838 | xxxxxx | xxxxx | xxxxx | TN | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-14 20:04 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000126838 | xxxxxx | xxxxx | xxxxx | TN | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-05-14 20:05 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000126838 | xxxxxx | xxxxx | xxxxx | TN | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-14 20:05 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000126847 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 6 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-20 16:15 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000126847 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 6 | xxxxxx | Credit | Evidence of Property Tax Missing | Missing evidence of
property tax. The loan was approved with monthly property taxes of $xxxxxx.
Documentation to support this payment is missing from the loan file. |
Tax Bill - xxxxxx |
Lender provided Tax
Statement. Lender is using a higher
amount for the Tax payment than calculated.
Loan is AUS (LPA) approved with the higher tax amount, therefore
condition resolved. - xxxxxx Evidence of property tax is present - xxxxxx Tax Bill - xxxxxx |
2026-05-31 19:27 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000126847 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 6 | xxxxxx | Credit | Borrower 2 Business Tax Returns Missing | Borrower 2 business Tax
Returns missing.. The coborrower is self employed. Per the AUS, If the
business has been in existence five years or more, provide individual and
business tax returns for the most recent year. The first page of the xxxxxx
tax return has been provided, but the complete tax returns are missing. |
1120 - xxxxxx |
Complete Return
provided. Condition resolved. -
xxxxxx Borrower 2 Business Tax Returns Provided or Not Applicable (Number of Borrowers equals 2) - xxxxxx 1120 - xxxxxx |
2026-05-21 17:09 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000126847 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 6 | xxxxxx | Credit | Borrower 2 Personal Tax Returns Missing | Borrower 2 personal Tax
Returns missing.. The coborrower is self employed. The first 2 pages of the
personal tax returns are in file, but the complete return is missing. Please
provide all pages of the most recent personal tax returns. |
1040 - xxxxxx |
Complete Return
provided. Condition resolved. -
xxxxxx Borrower 2 Personal Tax Returns Provided or Not Applicable (Number of Borrowers equals 2) - xxxxxx 1040 - xxxxxx |
2026-05-21 17:10 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000126847 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 6 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-20 16:23 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000126847 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 6 of 6 | xxxxxx | Property | No Property Findings | Loan meets applicable
appraisal guidelines. |
2026-05-20 16:23 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000126850 | xxxxxx | xxxxx | xxxxx | NC | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Credit | HO6 Master Insurance Policy is Missing | Missing Condo / PUD project
master insurance policy. Lender to provide the current master insurance
policy for the subject property and must include the lender's loss payee
clause as well. |
This is a Detached
Condo. There is no Master Policy. Regular single home policy (HO3) is what
they have - xxxxxx |
HO3 policy provided. Condition resolved. - xxxxxx HO-6 Master Insurance Policy is fully present - xxxxxx This is a Detached Condo. There is no Master Policy. Regular single home policy (HO3) is what they have - xxxxxx |
2026-05-18 17:04 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000126850 | xxxxxx | xxxxx | xxxxx | NC | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-15 19:08 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000126850 | xxxxxx | xxxxx | xxxxx | NC | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-15 19:08 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000126977 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 5 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Please provide a copy of the 3rd party source documentation that
was used to confirm the Principal and Interest payment for the $xxxxxx
xxxxxx, Inc. Mortgage on the non-subject property located at xxxxxx |
NOTE CD - xxxxxx |
Note and CD was
provided. Condition resolved. -
xxxxxx NOTE CD - xxxxxx |
2026-05-22 13:34 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000126977 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 5 | xxxxxx | Credit | Assets - Miscellaneous | The loan file does not
contain all required asset documentation. The funds used for closing are in
the name of non-borrowing entity xxxxxx which per the xxxxxx K-1 was 100%
owned by the non-borrowing spouse/signer.
The borrower provided a statement of information for the LLC filed
with the State of CA that shows the borrower as Manager or Member, and CEO.
However, the document does not clearly outline whether or not the ownership
structure has changed, or if the borrower holds ownership. Please provide
entity documentation for xxxxxx that confirms the borrower's ownership
percentage or LOE advising full access usage of account xxxxxx#xxxxxx and
xxxxxx#xxxxxx. |
BUSINESS LICENSE ( -
xxxxxx |
Business license was
provided, showing Borrower as sole owner.
Condition resolved. - xxxxxx BUSINESS LICENSE ( - xxxxxx |
2026-05-22 13:35 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000126977 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 5 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-19 18:53 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000126977 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 5 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-19 18:53 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000126977 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 5 | xxxxxx | Credit | Missing letter of explanation | The xxxxxx Mortgage Note
for the borrower's Primary Residence located at xxxxxx is solely in the name
of the non-borrower spouse. The borrower for the Subject Loan Transaction is
a signor on the Primary Residence's Deed. Although the borrower is not legally
responsible for the mortgage payment, $xxxxxx of the $xxxxx mortgage payment
was included in borrower's housing expense per Fraud Report and DU. Please
clarify why $xxxxxx was used for the housing expense and how this figure was
determined. |
LOE - xxxxxx |
Borrower is not
responsible for the primary residence payment, however the Tax Bill was
provided and that amount is being included in the DTI. Condition resolved. - xxxxxx LOE - xxxxxx |
2026-05-22 13:32 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000126978 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. The loan file is missing the PITIA payment for xxxxxx |
NOTE CD - xxxxxx |
Note and Final CD was
provided for REO to show payment.
Condition resolved. - xxxxxx NOTE CD - xxxxxx |
2026-05-22 18:33 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000126978 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Credit | Credit Documentation - Letter of Explanation | The loan file did not
contain a letter of explanation as required. The xxxxxx Mortgage Note for the
borrower's Primary Residence located atxxxxxx is solely in the name of the
non-borrower spouse. The borrower for the Subject Loan Transaction is a
signor on the Primary Residence's Deed. Although the borrower is not legally
responsible for the mortgage payment, $xxxxxx of the $xxxxxx mortgage payment
was included in borrower's housing expense per Fraud Report and DU. Please
clarify why $xxxxxx was used for the housing expense and how this figure was
determined. |
LOE - xxxxxx |
Borrower being hit for
taxes on Primary as borrower signed the DOT. DTI is acceptable per AUS(DU).
Condition resolved. - xxxxxx LOE - xxxxxx |
2026-05-22 18:27 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000126978 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-21 13:54 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000126978 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-21 13:56 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000126982 | xxxxxx | xxxxx | xxxxx | PA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Credit | Third Party Fraud Report not Provided | Missing third party fraud
report. Lender to provide the 3rd party fraud report including all interested
parties in the loan transaction |
FRAUD REPORT - xxxxxx |
Fraud Report
provided. Condition resolved. -
xxxxxx Third party fraud report is provided - xxxxxx FRAUD REPORT - xxxxxx |
2026-05-12 17:16 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000126982 | xxxxxx | xxxxx | xxxxx | PA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-11 17:17 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000126982 | xxxxxx | xxxxx | xxxxx | PA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Property | Missing Doc - 3rd Party Valuation Product/Missing | The loan file did not
contain the required 3rd party valuation product. Loan approved with
DU/AUS. Collateral Underwriter Risk
Score is >2.5. Missing required 3rd
party valuation product. |
DESK REVIEW - xxxxxx |
CDA supporting the value
was provided. Condition resolved. -
xxxxxx DESK REVIEW - xxxxxx |
2026-05-12 17:18 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000127113 | xxxxxx | xxxxx | xxxxx | CA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-05-29 21:31 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000127113 | xxxxxx | xxxxx | xxxxx | CA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-29 21:32 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000127113 | xxxxxx | xxxxx | xxxxx | CA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
The loan meets all
applicable credit guidelines. - xxxxxx |
2026-05-29 21:32 | Cleared | 1 | 1 | 1 | 1 | |||||
| 4000127209 | xxxxxx | xxxxx | xxxxx | NH | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 19:15 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000127209 | xxxxxx | xxxxx | xxxxx | NH | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 19:15 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000127209 | xxxxxx | xxxxx | xxxxx | NH | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 19:15 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000127212 | xxxxxx | xxxxx | xxxxx | AZ | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
xxxxxx 21:27 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000127212 | xxxxxx | xxxxx | xxxxx | AZ | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
xxxxxx 21:27 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000127212 | xxxxxx | xxxxx | xxxxx | AZ | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
xxxxxx 21:29 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000127264 | xxxxxx | xxxxx | xxxxx | RI | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-07 21:33 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000127264 | xxxxxx | xxxxx | xxxxx | RI | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Compliance | Missing Doc - Escrow Waiver Missing | Escrow Waiver is missing.
Escrow waiver is missing. |
please see page 4 of CD -
xxxxxx |
Page 4 of FCD - xxxxxx please see page 4 of CD - xxxxxx |
2026-05-15 14:50 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000127264 | xxxxxx | xxxxx | xxxxx | RI | Second Home | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-07 21:33 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000127584 | xxxxxx | xxxxx | xxxxx | AZ | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 7 | xxxxxx | Credit | Borrower 1 Personal Tax Returns Missing | Borrower 1 personal Tax
Returns missing. B1 is self-employed
> 5 years. The LPA requires completed and signed federal individual and
business tax returns. The signed xxxxxx Federal Tax Returns are missing from
the loan file. |
See attached - xxxxxx |
xxxxxx Personal Return was
provided. Condition resolved. - xxxxxx Borrower 1 Personal Tax Returns Provided - xxxxxx See attached - xxxxxx |
2026-05-29 16:56 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000127584 | xxxxxx | xxxxx | xxxxx | AZ | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 7 | xxxxxx | Credit | Borrower 1 Tax Returns Not Signed | Borrower 1 tax returns not
signed. B1 is self-employed > 5
years. The LPA requires completed and signed federal individual and business
tax returns. The 1120-S returns are not
signed |
See personal upload sign
business returns provided together - xxxxxx |
Signed 1120-S
provided. Condition resolved. -
xxxxxx Borrower 1 tax returns are signed - xxxxxx See personal upload sign business returns provided together - xxxxxx |
2026-05-29 16:56 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000127584 | xxxxxx | xxxxx | xxxxx | AZ | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 7 | xxxxxx | Credit | Program Parameters - Occupancy | The subject loan does not
meet program parameters for occupancy. Per the final loan application, B2
declaration attests this will be their primary residence. An LOE is required
as this is a 2nd home purchase. |
Se attached - xxxxxx |
LOE from Borrower's
provided stating it was a mistake.
Condition resolved. - xxxxxx Se attached - xxxxxx |
2026-05-29 16:53 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000127584 | xxxxxx | xxxxx | xxxxx | AZ | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 7 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-26 20:15 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000127584 | xxxxxx | xxxxx | xxxxx | AZ | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 5 of 7 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Missing the HOA statement
for the primary residence of $xxxxxx/mo. the primary residence as shown on
the final loan application. |
See attached - xxxxxx |
Evidence of HOA for
Primary was provided. Condition
resolved. - xxxxxx See attached - xxxxxx |
2026-05-27 17:26 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000127584 | xxxxxx | xxxxx | xxxxx | AZ | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 6 of 7 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-05-26 20:16 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000127584 | xxxxxx | xxxxx | xxxxx | AZ | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 7 of 7 | xxxxxx | Credit | Approval - Lender Income Calculation Missing | The loan file did not
contain the lender income calculation worksheet as required. Provide Freddie Mac Form 91 or equivalent as
required by AUS (LPA). |
Income Calculation
Worksheet was provided. Condition
resolved. - xxxxxx See attached - xxxxxx |
Income Calculation
Worksheet was provided. Condition resolved. - xxxxxx Income Calculation Worksheet was provided. Condition resolved. - xxxxxx See attached - xxxxxx |
2026-06-01 18:04 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000127658 | xxxxxx | xxxxx | xxxxx | TN | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-21 16:12 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000127658 | xxxxxx | xxxxx | xxxxx | TN | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-21 16:13 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000127658 | xxxxxx | xxxxx | xxxxx | TN | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Credit | Income 2 Months Income Verified is Missing | The loan was approved with
a net loss for the subject property of $xxxxxx. The rental income used was
$xxxxxx. the 1007 in file reflects market rent of $xxxxxx. Please provide
documentation to support the rental income used in the approval. Income 2 months income verified is missing.
|
PER UNDERWRITER---Not sure
where they got $xxxxxx from. Rent schedule had $xxxxxx. Only $xxxxxx of that was used for subject rent. Only
enough rent was used to offset the piti on the subject with no positive rent
given. $xxxxxxx 75% = $xxxxxx – piti $xxxxxx= a loss of $xxxxxx. Not sure
where they got $xxxxxx from for the loss.
If they are following fnma guidelines on an investment property
purchase you don’t need rent receipt for two months. That is only for a
vacating primary residence which this is not.
Also since this is a purchase not a refi, you don’t need tax returns
showing borrower has any rental property history if you are only using enough
rent to offset the piti. As far as appraiser comments about rental properties
he did not give any indication property would be difficult to rent and used
comps similar to the subject property type on the rent schedule. They
mentioned a 42% vacancy factor instead of the typical 25%. In using 75% of
only $xxxxxx for the rent instead of the $xxxxxx we are actually using more
than a 42% vacancy factor - xxxxxx $xxxxxx rent but only using enough to offset the piti - xxxxxx |
Income 2 Months Income
Verified is Present Or Not Applicable - xxxxxx Per xxxxxx, Rent Loss was updated and condition is resolved. - xxxxxx Income 2 months income verified is missing. - xxxxxx PER UNDERWRITER---Not sure where they got $xxxxxx from. Rent schedule had $xxxxxx. Only $xxxxxx of that was used for subject rent. Only enough rent was used to offset the piti on the subject with no positive rent given. $xxxxxxx 75% = $xxxxxx – piti $xxxxxx= a loss of $xxxxxx. Not sure where they got $xxxxxx from for the loss. If they are following fnma guidelines on an investment property purchase you don’t need rent receipt for two months. That is only for a vacating primary residence which this is not. Also since this is a purchase not a refi, you don’t need tax returns showing borrower has any rental property history if you are only using enough rent to offset the piti. As far as appraiser comments about rental properties he did not give any indication property would be difficult to rent and used comps similar to the subject property type on the rent schedule. They mentioned a 42% vacancy factor instead of the typical 25%. In using 75% of only $xxxxxx for the rent instead of the $xxxxxx we are actually using more than a 42% vacancy factor - xxxxxx Condition upheld. Subject loan was underwritten to xx xxxxx therefore FNMA guides are to be followed. Appraiser states numerous times throughout Appraisal that the subject market is as an overnight rental. The Market rent was based of short-term rent with a 42% vacancy rate. FNMA DU does not allow short-term rentals without a 2 year verification by tax returns. Per xxxxxx/xxxxxx Management, provide documentation on how rental amount of $xxxxxx was calculated. Additional documentation, may be required. - xxxxxx $xxxxxx rent but only using enough to offset the piti - xxxxxx |
2026-06-03 19:21 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000127658 | xxxxxx | xxxxx | xxxxx | TN | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Credit | Approval/Underwriting Summary Deficient | Approval/Underwriting
Summary is deficient. The 1008 in file reflects a DTI of xxxxxx, but the AUS
reflects a DTI of xxxxxx. Please provide the updated 1008 Condition moved to
open. On hold pending decision on the
income verification for the subject property which seems to be an STR. |
Correct du - xxxxxx |
Per xxxxxx, Rent Loss was
updated and condition is resolved. -
xxxxxx On hold pending decision on the income verification for the subject property which seems to be an STR. - xxxxxx Correct du - xxxxxx This condition is upheld based on the Income Condition. They go hand in hand. - xxxxxx |
2026-06-03 19:22 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000127740 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Missing Doc - Documentation Missing | The loan file does not
contain all required valuation documents. Lender to provide HOA documentation
for the borrower's primary residence. |
HOA dues were in the
file - xxxxxx |
Evidence of HOA on Primary
was provided. Condition resolved. - xxxxxx HOA dues were in the file - xxxxxx |
2026-05-27 17:24 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000127740 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-26 13:30 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 4000127740 | xxxxxx | xxxxx | xxxxx | MO | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-26 13:30 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 4000127815 | xxxxxx | xxxxx | xxxxx | MO | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 1 of 4 | xxxxxx | Credit | Purchase is not considered to be an Arm's Length Transaction | Non-arm's length
transactions not allowed for program. xxxxxx Overlay: The subject is the
purchase of a 2nd home using a Non-Arm’s Length Transaction. Non-Arm’s Length
transactions allowed on Primary Purchase transactions only. Additionally
guides require: a 12-month mortgage history on the existing mortgage securing
the subject property, confirming the Family Sale is not a foreclosure
bailout, and the seller's payment history/or LOE is not provided. |
LOE from Borrower - xxxxxx |
Subject is in a Private
xxxxx xxxx xxxxx community and is owned by sellers free and clear. LOE provided by Borrower's. Condition resolved. - xxxxxx Purchase is considered to be an Arm's Length Transaction, or Not Applicable - xxxxxx LOE from Borrower - xxxxxx |
2026-05-27 17:23 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000127815 | xxxxxx | xxxxx | xxxxx | MO | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 2 of 4 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. Missing the property tax bill, for the primary residence,
xxxxxx |
See attached - xxxxxx |
A Property Details Report
was provided for the cited property.
Condition resolved. - xxxxxx See attached - xxxxxx |
2026-05-27 17:05 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000127815 | xxxxxx | xxxxx | xxxxx | MO | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 3 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-26 13:15 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000127815 | xxxxxx | xxxxx | xxxxx | MO | Second Home | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | xxxxxx | 4 of 4 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-05-26 13:15 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000127818 | xxxxxx | xxxxx | xxxxx | TN | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-26 17:02 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000127818 | xxxxxx | xxxxx | xxxxx | TN | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-26 17:02 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000127818 | xxxxxx | xxxxx | xxxxx | TN | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-05-26 17:02 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000127835 | xxxxxx | xxxxx | xxxxx | WA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-06-01 16:23 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000127835 | xxxxxx | xxxxx | xxxxx | WA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-06-01 16:24 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000127835 | xxxxxx | xxxxx | xxxxx | WA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-06-01 16:24 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000128322 | xxxxxx | xxxxx | xxxxx | NY | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-27 18:10 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000128322 | xxxxxx | xxxxx | xxxxx | NY | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Property | Property Issue - Listed for Sale Past 12 months | The subject property has
been listed for sale in the past 12 months which is not allowed per
guidelines. Appraisal show property
listed for salexxxxxxAppraisal doesn't state any information of listing being
removed and could not locate any documentation advising/verifying removal to
meet guidelines. Properties listed for sale by the Borrower within the last twelve (12) months prior to application are eligible subject to the following: – Listing must be removed prior to application & documentation supporting must be provided |
UW LOE - xxxxxx |
Per guidelines: Properties
that were listed for sale must have been taken off the market on or before
the disbursement date of the new mortgage loan. Evidence of such was provided. Condition reslolved. - xxxxxx UW LOE - xxxxxx |
2026-05-29 14:14 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000128322 | xxxxxx | xxxxx | xxxxx | NY | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-27 18:10 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000128344 | xxxxxx | xxxxx | xxxxx | MI | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-30 22:48 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000128344 | xxxxxx | xxxxx | xxxxx | MI | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Compliance | Federal - Loan Estimate Disclosure Received and Intent To Proceed | The date the consumer
indicated an intent to proceed with a transaction (xxxxxx) is before the date
the consumer received the Loan Estimate (xxxxxx). A consumer cannot indicate
an intent to proceed with a transaction until it receives the Loan Estimate. Under
Regulation Z, neither a creditor nor any other person may impose a fee, other
than a credit report fee, before the consumer has received the Loan Estimate
and indicated to the creditor an intent to proceed with the transaction
described by the Loan Estimate. (12 CFR 1026.19(e)(2)(i)(A)) The only Loan
Estimate provided is dated xxxxxx and the Intent to Proceed is datedxxxxxx
which is prior to the Loan Estimate. |
See attached - xxxxxx |
Received ILE - xxxxxx See attached - xxxxxx |
2026-06-02 14:11 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000128344 | xxxxxx | xxxxx | xxxxx | MI | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-30 22:48 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000128685 | xxxxxx | xxxxx | xxxxx | CA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-29 15:22 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000128685 | xxxxxx | xxxxx | xxxxx | CA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-29 15:22 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000128685 | xxxxxx | xxxxx | xxxxx | CA | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-05-29 15:22 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000128796 | xxxxxx | xxxxx | xxxxx | AL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 4 | xxxxxx | Credit | Purchase is not considered to be an Arm's Length Transaction | Non-arm's length
transactions not allowed for program. Per the lender guidelines, 6.1.9 v8.8,
purchase between family members must provide a 12-month mortgage history on
the existing mortgage securing the subject property, confirming the Family
Sale is not a foreclosure bailout. Per the Appraiser notes "Non-arm's length sale; THE SUBJECTS CONTRACT IS BETWEEN TWO RELATED PARTIES AND IS CONSIDERED TO BE A "NON-ARMS LENGTH" |
Subject transaction meets
FNMA guidelines and it is not a bailout, based on provided credit
report. Condition is resolved. - xxxxxx Condition on hold for Investor review. - xxxxxx The property sellers credit report was provided provided to show the mortgage on the subject property is not in foreclosure and a legitimate sale. - xxxxxx |
2026-06-01 19:48 | Resolved | 3 | 1 | 3 | 1 | |||||
| 4000128796 | xxxxxx | xxxxx | xxxxx | AL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-26 13:36 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000128796 | xxxxxx | xxxxx | xxxxx | AL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 4 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-26 13:36 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000128796 | xxxxxx | xxxxx | xxxxx | AL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 4 | xxxxxx | Credit | Program Parameters - Occupancy | The subject loan does not
meet program parameters for occupancy. Per the lender guidelines, 6.1.9 v8.8,
Non-Arm’s Length transactions allowed on Primary Purchase transactions only.
The subject is a purchase of an investment property. Condition on hold for Investor review. |
to show VOM - xxxxxx |
Subject transaction meets
FNMA guidelines and it is not a bailout, based on provided credit
report. Condition is resolved. - xxxxxx to show VOM - xxxxxx |
2026-06-01 19:48 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000128934 | xxxxxx | xxxxx | xxxxx | TX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-27 19:30 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000128934 | xxxxxx | xxxxx | xxxxx | TX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-27 19:27 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000128934 | xxxxxx | xxxxx | xxxxx | TX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-27 19:26 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000129401 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 5 | xxxxxx | Credit | Borrower 1 WVOE Missing | Borrower 1 WVOE missing.
The monthly base income was validated through the xxxxxxmated underwriting
findings. However, the supporting income validation report referenced in the
findings is not included in the loan file, nor are pay stubs. Documentation supporting
the income validation is required to substantiate the income used for
qualification. |
See attached WVOE - xxxxxx |
WVOE to match the AUS (DU)
was provided. Condition resolved. -
xxxxxx Borrower 1 WVOE Provided - xxxxxx See attached WVOE - xxxxxx |
2026-06-02 17:28 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000129401 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 5 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-30 22:47 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000129401 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 5 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-30 22:47 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000129401 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 5 | xxxxxx | Credit | Approval/Underwriting Summary Not Provided | The loan did not contain
the Approval/Underwriting Summary. Please provide the 1008 |
See attached - xxxxxx |
1008 was provided. Condition resolved. - xxxxxx Approval/Underwriting Summary is fully present - xxxxxx See attached - xxxxxx |
2026-06-02 17:31 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000129401 | xxxxxx | xxxxx | xxxxx | VA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 5 | xxxxxx | Credit | AUS - Discrepancy | The AUS final approval data
does not match the 1003/1008 and/or file documents. The escrows shown on the
final CD (hazard: xxxxxx, taxes: xxxxxx) don't match the escrows shown on the
AUS (hazard: xxxxxx, taxes: xxxxxx). Please provide the final AUS or final CD
|
See attached Updated
AUS - xxxxxx |
Corrected AUS and 1008
were provided. Condition resolved. - xxxxxx See attached Updated AUS - xxxxxx |
2026-06-02 17:33 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000129425 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-31 19:53 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000129425 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-31 19:53 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000129425 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-31 19:53 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000129662 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 5 | xxxxxx | Credit | Executed 4506-T / 4506-C Missing | Risk Assessment from the
1008 Page is 'DU', but the Executed 4506-T / 4506-C is 'NA' or blank for one
or more of the employed borrowers. Executed 4506-T / 4506-C missing for both
borrowers |
4506 - xxxxxx |
4506 provided. Condition resolved. - xxxxxx Risk Assessment from the 1008 Page is 'DU', but the Executed 4506-T / 4506-C is 'NA' or blank for one or more of the employed borrowers. - xxxxxx Risk Assessment from the 1008 Page is 'DU', but the Executed 4506-T / 4506-C is 'NA' or blank for one or more of the employed borrowers. Executed 4506-T / 4506-C missing. - xxxxxx 4506 - xxxxxx |
2026-06-03 19:09 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000129662 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 5 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-29 13:06 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000129662 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 5 | xxxxxx | Credit | HO6 Master Insurance Policy is Missing | Missing Condo / PUD project
master insurance policy. Please provide the condo master policy for the
subject property |
HAZARD INSURANCE -
xxxxxx |
Condo Master Policy was
located in the loan file. Condition
resolved. - xxxxxx HO-6 Master Insurance Policy is fully present - xxxxxx HAZARD INSURANCE - xxxxxx |
2026-06-01 18:19 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000129662 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 4 of 5 | xxxxxx | Credit | Liabilities - REO | The loan file did not
contain sufficient documentation to verify debts associated with all other
properties. The property listed in item 3C on the final loan application
appears to have been recently refinanced. Please provide the final CD and
first payment letter to support the monthly payment used in the
approval. |
note, final cd - xxxxxx |
Final CD and Note were
provided for REO. Condition resolved.
- xxxxxx note, final cd - xxxxxx |
2026-06-03 18:57 | Resolved | 3 | 1 | 3 | 1 | ||||
| 4000129662 | xxxxxx | xxxxx | xxxxx | CA | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 5 of 5 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-29 13:06 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 4000129737 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-14 18:51 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000129737 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-14 18:52 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000129737 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-14 18:52 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000129898 | xxxxxx | xxxxx | xxxxx | FL | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-14 15:11 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000129898 | xxxxxx | xxxxx | xxxxx | FL | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-14 15:12 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000129898 | xxxxxx | xxxxx | xxxxx | FL | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-14 15:12 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000129976 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 4 | xxxxxx | Credit | Other Credit Finding | The appraisal does not
reflect the subject property as being located in a PUD. The title reflects
the property as being located in a PUD. Please provide the updated
appraisal. |
Please clarify where on
Title it references subject is in a PUD - xxxxxx |
Evidence provided that
subject is not a PUD Condition resolved. - xxxxxx Please clarify where on Title it references subject is in a PUD - xxxxxx |
2026-06-01 16:59 | Resolved | 4 | 1 | 4 | 1 | ||||
| 4000129976 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 4 | xxxxxx | Credit | All Interested Parties Not Checked with Exclusionary Lists | All interested parties not
checked with exclusionary lists. All of the required participant(s) have not
been input. Please add: Appraisal Management Company; Appraisal Underwriter;
Buyer Attorney; Disclosure Coordinator; Lender; Settlement Agent; and Settlement
Company |
see page 16 - xxxxxx |
Condition set in
error. The cited parties do not exist
that is why they were not added.
Condition resolved. - xxxxxx All Interested Parties Checked against Exclusionary Lists - xxxxxx see page 16 - xxxxxx |
2026-06-01 16:13 | Resolved | 3 | 1 | 4 | 1 | ||||
| 4000129976 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 4 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-28 15:42 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 4000129976 | xxxxxx | xxxxx | xxxxx | FL | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 4 of 4 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-05-28 15:44 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 4000130171 | xxxxxx | xxxxx | xxxxx | AZ | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-15 18:20 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000130171 | xxxxxx | xxxxx | xxxxx | AZ | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-05-15 18:20 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000130171 | xxxxxx | xxxxx | xxxxx | AZ | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-15 18:20 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000131756 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-30 22:46 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000131756 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-05-30 22:56 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000131756 | xxxxxx | xxxxx | xxxxx | FL | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-30 22:47 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000131787 | xxxxxx | xxxxx | xxxxx | NJ | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 1 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-05-28 16:33 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000131787 | xxxxxx | xxxxx | xxxxx | NJ | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 2 of 3 | xxxxxx | Compliance | No Compliance Findings | The loan meets all
applicable compliance guidelines. |
2026-05-28 16:33 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000131787 | xxxxxx | xxxxx | xxxxx | NJ | Second Home | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | xxxxxx | 3 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-05-28 16:33 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000131931 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 1 of 3 | xxxxxx | Compliance | No Compliance Tests Performed | DSCR / Business Purpose
loans are exempt from Reg Z and Reg X. |
2026-06-02 15:28 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000131931 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 2 of 3 | xxxxxx | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was
supported within -10% and all applicable appraisal guidelines were satisfied.
|
2026-06-02 15:28 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 4000131931 | xxxxxx | xxxxx | xxxxx | CA | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | xxxxxx | 3 of 3 | xxxxxx | Credit | No Credit Findings | The loan meets all
applicable credit guidelines. |
2026-06-02 15:28 | Cleared | 1 | 1 | 1 | 1 |