|
Client Name:
|
||||
|
Client Project Name:
|
SEMT 2026-10
|
|||
|
Start - End Dates:
|
3/2/2026 - 7/9/2026
|
|||
|
Deal Loan Count:
|
418
|
|||
|
Waived Conditions Summary
|
||||
|
Review Scope
|
Category
|
Code
|
Description
|
Count
|
|
Credit
|
Legal Documents
|
CRDLGL2550
|
Missing HUD-1 from sale of property
|
1
|
|
Credit
|
Legal Documents
|
CRDLGL5480
|
Trust Documents Not Acceptable/Not Executed
|
1
|
|
Credit
|
Terms/Guidelines
|
CRDTER110
|
Loan amount exceeds guideline maximum
|
1
|
|
Credit
|
Terms/Guidelines
|
CRDTER2548
|
Missing AUS or AUS errors present
|
1
|
|
Credit
|
Terms/Guidelines
|
CRDTER3122
|
Loan documents do not meet guideline requirements
|
1
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH104
|
Credit score below guidelines
|
1
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH193
|
Length of mortgage/rental history in file does not meet guideline requirement
|
1
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH3000
|
# of Tradelines Does Not Meet Guideline Requirements
|
1
|
|
Credit
|
DTI
|
CRDDTI134
|
Debt Ratio Exception =>XXX%
|
1
|
|
Credit
|
LTV/CLTV
|
CRDLTV3026
|
LTV Exceeds Guideline Requirement by at least XXX%, but less than XXX%
|
1
|
|
Credit
|
LTV/CLTV
|
CRDLTV3028
|
LTV Exceeds Guideline Requirement by XXX% or more
|
1
|
|
Credit
|
LTV/CLTV
|
CRDLTV5736
|
LTV Exceeds Guideline Requirement by less than XXX%
|
1
|
|
Credit
|
Income/Employment
|
CRDINC150
|
Income docs do not meet guidelines
|
4
|
|
Credit
|
Income/Employment
|
CRDINC2302
|
Missing Required Income Documentation
|
1
|
|
Credit
|
Income/Employment
|
CRDINC2488
|
Verbal verification of employment missing
|
2
|
|
Credit
|
Income/Employment
|
CRDINC2496
|
Verbal verification of employment completed outside the stated requirements and/or after closing/funding
|
1
|
|
Credit
|
Income/Employment
|
CRDINC3258
|
Missing Profit and Loss statement for one or more Self Employed borrowers
|
1
|
|
Credit
|
Income/Employment
|
CRDINC888
|
Income Amount is Unsupported by Documentation in File
|
1
|
|
Credit
|
Insurance
|
CRDINSR5351
|
Insurance Effective date is greater than the transaction date
|
5
|
|
Property Valuations
|
Property
|
PRVAPROP177
|
Property Issues Indicated
|
1
|
|
Property Valuations
|
Property
|
PRVAPROP2556
|
Acreage exceeds property eligibility guidelines
|
1
|
|
Property Valuations
|
Property
|
PRVAPROP2674
|
Property Issues Indicated XXX
|
1
|
|
Property Valuations
|
Appraisal
|
PRVAAPPR4789
|
Appraisal Deficiency
|
1
|
|
Compliance
|
TILA/RESPA Integrated Disclosure
|
CMPTRID5806
|
TRID - At least XXX CD prior to the last CD at or prior to closing was not provided to all with rescission rights.
|
2
|
|
Compliance
|
Right of Rescission
|
CMPROR1909
|
Incorrect ROR Form Used - XXX Form Used in Refinance With Original Creditor
|
9
|
|
Compliance
|
Documentation
|
CMPDOC2510
|
All funds were not disbursed w/out written explanation or unacceptable reasons
|
1
|
|
Compliance
|
RESPA
|
CMPRESPA2700
|
RESPA - List of homeowners counseling organizations not provided w/in XXX days of application
|
2
|
|
Compliance
|
RESPA
|
CMPRESPA863
|
RESPA: Required Affiliate Business Disclosure missing
|
2
|
|
Total
|
47
|
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©2026 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton
and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited.
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