|
SitusAMC Loan ID
|
Customer Loan ID
|
Seller Loan ID
|
Investor Loan Number
|
Loan Exception ID
|
Exception ID
|
Exception Date
|
Exception Type
|
Exception Category
|
Exception Subcategory
|
15E Category
|
Exception
|
Exception Detail
|
Exception Information
|
Compensating Factors
|
Compensating Factor Information
|
Applying Party
|
Follow-up Comments
|
Cleared Date
|
Cured Date
|
Waived Date
|
Waived with Regrade
|
Exception Level Grade
|
DBRS Initial Exception Rating
|
DBRS Final Exception Rating
|
Fitch Initial Exception Rating
|
Fitch Final Exception Rating
|
Kroll Initial Exception Rating
|
Kroll Final Exception Rating
|
Moody's Initial Exception Rating
|
Moody's Final Exception Rating
|
S&P Initial Exception Rating
|
S&P Final Exception Rating
|
Note Date
|
Property State
|
Occupancy
|
Purpose
|
Exception Remediation
|
Overall
Initial Loan Grade
|
Overall
Final Loan Grade
|
Credit
Initial Loan Grade
|
Credit
Final Loan Grade
|
Compliance
Initial Loan Grade
|
Compliance
Final Loan Grade
|
Property
Initial Loan Grade
|
Property
Final Loan Grade
|
Originator QM ATR Status
|
TPR QM ATR Status
|
Is Curable
|
|
XXXX
|
2
|
XXXX
|
XXX
|
Credit
|
Loan Package Documentation
|
Closing / Title
|
Loan Package Documentation
|
Title search shows negative impact on title.
|
Title reflects a lien to code enforcement that does not appear to have been paid off at closing. Evidence is required that the lien is
paid and satisfied.
|
Reviewer Comment (2026-05-22): Supplemental report reflects item [redacted]will be removed and not on Final Title.
Reviewer Comment (2026-05-22): Provide updated Title commitment for evidence of paid off of lien. Exception Remains.
Buyer Comment (2026-05-21): see attached
Buyer Comment (2026-05-21): see attached title supplement
Reviewer Comment (2026-05-19): Material exception due to [redacted] overlays.
|
XX/XX/XXXX
|
No
|
1
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
XX
|
Investment
|
Refinance - Rate/Term
|
C
|
A
|
C
|
A
|
A
|
A
|
N/A
|
No
|
||||||||||||||
|
XXXX
|
5
|
XXXX
|
XXX
|
Credit
|
Credit
|
Miscellaneous
|
Guideline
|
Credit Exception:
|
Lender guides, [redacted], indicate a first time investor is not permitted, however borrowing entity and guarantor appear to be first
time investors.
|
Reviewer Comment (2026-05-07): borr is not a FTHB, there is a mortgage on credit not open but in the last [redacted]months.
Buyer Comment (2026-05-05): borr is not a FTHB, there is a mortgage on credit not open but in the last [redacted]months.
|
XX/XX/XXXX
|
No
|
1
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
XX
|
Investment
|
Purchase
|
C
|
A
|
C
|
A
|
A
|
A
|
N/A
|
No
|
||||||||||||||
|
XXXX
|
5
|
XXXX
|
XXX
|
Credit
|
Credit
|
Miscellaneous
|
Guideline
|
Credit Exception:
|
Per lender guidelines, a corporate resolution is required.
|
Reviewer Comment (2026-05-07): Per guides, corporate resolution is not a required docuemnt for LLC. The operating agreement reflects the
borrower as the [redacted].
Buyer Comment (2026-05-07): The reviewer is referencing the requirements/guidelines for a general partnership or corporation. These
are all [redacted] LLCS and the corporate resolution is not required, and do not fall under these guidelines. Can we please get these cleared?
Reviewer Comment (2026-05-07): As per guideline [redacted], a corporate resolution is required for business entity. Exception Remains.
Buyer Comment (2026-05-05): This is a [redacted] LLC; there will not be a resolution letter.
|
XX/XX/XXXX
|
No
|
1
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
XX
|
Investment
|
Purchase
|
C
|
A
|
C
|
A
|
A
|
A
|
N/A
|
No
|
||||||||||||||
|
XXXX
|
7
|
XXXX
|
XXX
|
Credit
|
Title
|
Document Error
|
Title
|
[redacted]
|
The Preliminary title Policy is within [redacted] and does not reflect a coverage amount. No Final Title Policy in file. Unable to
determine if appropriate coverage is provided.
|
Reviewer Comment (2026-05-19): Received clarification/approval/documentation from lender. Condition cleared.
|
XX/XX/XXXX
|
No
|
1
|
B
|
A
|
B
|
A
|
B
|
A
|
B
|
A
|
B
|
A
|
XX
|
Investment
|
Refinance - Cash-out - Other
|
D
|
A
|
D
|
A
|
A
|
A
|
N/A
|
No
|
||||||||||||||
|
XXXX
|
7
|
XXXX
|
XXX
|
Credit
|
Loan Package Documentation
|
Closing / Title
|
Missing, Incorrect, or Incomplete HUD-1
|
Missing Final HUD-1
|
Reviewer Comment (2026-05-19): Received final HUD. Condition cleared.
Buyer Comment (2026-05-19): See attached FInal HUD
|
XX/XX/XXXX
|
No
|
1
|
D
|
A
|
D
|
A
|
D
|
A
|
D
|
A
|
D
|
A
|
XX
|
Investment
|
Refinance - Cash-out - Other
|
D
|
A
|
D
|
A
|
A
|
A
|
N/A
|
No
|
|||||||||||||||
|
XXXX
|
8
|
XXXX
|
XXX
|
Credit
|
Loan Package Documentation
|
Closing / Title
|
Missing, Incorrect, or Incomplete HUD-1
|
Missing Final HUD-1
|
Reviewer Comment (2026-05-20): Received HUD. condition cleared.
|
XX/XX/XXXX
|
No
|
1
|
D
|
A
|
D
|
A
|
D
|
A
|
D
|
A
|
D
|
A
|
XX
|
Investment
|
Refinance - Cash-out - Other
|
D
|
A
|
D
|
A
|
A
|
A
|
N/A
|
No
|
|||||||||||||||
|
XXXX
|
9
|
XXXX
|
XXX
|
Credit
|
System
|
General
|
Appraisal Reconciliation
|
Valuation address does not match Note address.
|
-
|
Appraisal Noted Street "[redacted]" whereas Note Noted City "[redacted]". Lender to ensure all required documents match the property
address reflected on the Note document.
|
Reviewer Comment (2026-05-20): Received corrected 1004. Condition cleared.
Buyer Comment (2026-05-20): see attached corrected appraisal
|
XX/XX/XXXX
|
No
|
1
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
XX
|
Investment
|
Refinance - Cash-out - Other
|
C
|
A
|
C
|
A
|
A
|
A
|
N/A
|
No
|
|||||||||||||
|
XXXX
|
9
|
XXXX
|
XXX
|
Credit
|
System
|
General
|
Appraisal Reconciliation
|
Valuation address does not match Note address.
|
-
|
Appraisal Noted Street "[redacted]" whereas Note Noted City "[redacted]". Lender to ensure all required documents match the property
address reflected on the Note document.
|
Reviewer Comment (2026-05-27): Received Collateral desktop analysis with correct subject property address. Exception cleared.
Buyer Comment (2026-05-22): see attached
|
XX/XX/XXXX
|
No
|
1
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
XX
|
Investment
|
Refinance - Cash-out - Other
|
C
|
A
|
C
|
A
|
A
|
A
|
N/A
|
No
|
|||||||||||||
|
XXXX
|
10
|
XXXX
|
XXX
|
Credit
|
Credit
|
Credit Eligibility
|
Guideline
|
Public Record Issue:
|
-
|
Reviewed to [redacted] overlays. No guidelines provided. Collections were present on the credit report.
|
Reviewer Comment (2026-06-29): Client accepts EV2 Grade and elects to Waive.
|
XX/XX/XXXX
|
No
|
2
|
B
|
B
|
B
|
B
|
B
|
XX
|
Investment
|
Refinance - Cash-out - Other
|
A
|
B
|
A
|
B
|
A
|
A
|
N/A
|
No
|
||||||||||||||||||
|
XXXX
|
11
|
XXXX
|
XXX
|
Credit
|
Title
|
Document Error
|
Title
|
The Commitment or Preliminary title policy is within [redacted] and does not reflect a coverage amount (no final title policy in file).
Unable to determine if appropriate coverage is provided.
|
The Title Commitment or Preliminary Title Policy amount is blank; provide a supplement report reflecting the policy amount.
|
Reviewer Comment (2026-05-08): Final title policy received covering loan value.
Seller Comment (2026-05-06): Please see attached final title policy to clear condition.
|
XX/XX/XXXX
|
No
|
1
|
B
|
A
|
B
|
A
|
B
|
A
|
B
|
A
|
B
|
A
|
XX
|
Primary
|
Purchase
|
B
|
A
|
B
|
A
|
A
|
A
|
A
|
A
|
Non QM
|
Non QM
|
No
|
|||||||||||
|
XXXX
|
11
|
XXXX
|
XXX
|
Credit
|
Legal / Regulatory / Compliance
|
Title / Lien Defect
|
Title
|
Title Policy is Preliminary or Commitment, and not a Final Title Policy.
|
Reviewer Comment (2026-05-08): Final title policy received covering loan value.
|
XX/XX/XXXX
|
No
|
1
|
A
|
A
|
A
|
A
|
A
|
A
|
A
|
A
|
A
|
A
|
XX
|
Primary
|
Purchase
|
B
|
A
|
B
|
A
|
A
|
A
|
A
|
A
|
Non QM
|
Non QM
|
No
|
||||||||||||
|
XXXX
|
12
|
XXXX
|
XXX
|
Credit
|
Title
|
General
|
Title
|
Title Policy Coverage is less than Original Loan Amount.
|
The Title policy amount of $[redacted]was used by Lender to qualify loan.
|
Reviewer Comment (2026-05-19): Title commitment received covering loan value.
Buyer Comment (2026-05-18): see attached title -loan amt $[redacted]
|
XX/XX/XXXX
|
No
|
1
|
B
|
A
|
B
|
A
|
B
|
A
|
B
|
A
|
B
|
A
|
XX
|
Primary
|
Purchase
|
B
|
B
|
B
|
B
|
A
|
A
|
A
|
A
|
Non QM
|
Non QM
|
No
|
|||||||||||
|
XXXX
|
12
|
XXXX
|
XXX
|
Compliance
|
Compliance
|
Federal Compliance
|
ATR/QM Defect
|
Income/Asset Guideline Deficiency - ATR Impact
|
Ability to Repay (Dodd-Frank 2014): Ability to Repay (Dodd-Frank 2014): There are one or more guideline deficiencies related to income
and/or asset doc requirements which may impact the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.)
|
Loan designation is Non QM and the failure is due to VVOE dated within [redacted]days prior to closing not provided. Lender exception
approved to use [redacted] verification dated [redacted]. Compliance violation due to [redacted] overlays.
|
Reviewer Comment (2026-06-03): Received the VVOE. Condition cleared.
Reviewer Comment (2026-06-01): Reviewed the business entity listing which was in the file, however the VVOE is for the borrower's wage
income. Per the lender guides for full doc, wage income, the VVOE must be completed within [redacted]calendar days of closing. Section [redacted].
Reviewer Comment (2026-06-01): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: Ability to Repay
(Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.)
Buyer Comment (2026-05-29): VOE
Reviewer Comment (2026-05-28): Exception was escalated. Response: When the lender does not meet their own guidelines for verifying
employment, the lender exception would need to outline what alternate pre-closing documentation they used to verify the borrower's employment status. The lender exception form, lender instead provided compensating factors such as employment
> [redacted]years, LTV, and residual income. Compensating factors would not be acceptable for this type of document deficiency (also LTV cannot be used as a compensating factor). There is a verification in the file from the work number;
however this is not identified on the lender exception. An updated lender exception which identifies the alternate documentation the lender used in lieu of not meeting the VOE > [redacted]days from Note Date requirement would be needed
with additional compensating factors.
Buyer Comment (2026-05-28): see attached
|
XX/XX/XXXX
|
No
|
1
|
A
|
A
|
A
|
A
|
A
|
XX
|
Primary
|
Purchase
|
B
|
B
|
B
|
B
|
A
|
A
|
A
|
A
|
Non QM
|
Non QM
|
No
|
|||||||||||||||
|
XXXX
|
12
|
XXXX
|
XXX
|
Compliance
|
Compliance
|
Federal Compliance
|
ATR/QM Defect
|
Loan does not meet one or more guideline components which could impact the borrower's ability to repay.
|
General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to
repay.
|
Loan designation is Non QM and the failure is due to VVOE dated within [redacted]days prior to closing not provided. Lender exception
approved to use [redacted] verification dated [redacted]. Compliance violation due to [redacted] overlays.
|
Reviewer Comment (2026-06-03): Received VVOE. Condition cleared.
Reviewer Comment (2026-06-01): Reviewed the business entity listing which was in the file, however the VVOE is for the borrower's wage
income. Per the lender guides for full doc, wage income, the VVOE must be completed within [redacted]calendar days of closing. Section [redacted].
Buyer Comment (2026-05-29): VOE
Reviewer Comment (2026-05-28): Exception was escalated. Response: When the lender does not meet their own guidelines for verifying
employment, the lender exception would need to outline what alternate pre-closing documentation they used to verify the borrower's employment status. The lender exception form, lender instead provided compensating factors such as employment
> [redacted]years, LTV, and residual income. Compensating factors would not be acceptable for this type of document deficiency (also LTV cannot be used as a compensating factor). There is a verification in the file from the work number;
however this is not identified on the lender exception. An updated lender exception which identifies the alternate documentation the lender used in lieu of not meeting the VOE > [redacted]days from Note Date requirement would be needed
with additional compensating factors.
Buyer Comment (2026-05-28): see attached
|
XX/XX/XXXX
|
No
|
1
|
A
|
A
|
A
|
A
|
A
|
XX
|
Primary
|
Purchase
|
B
|
B
|
B
|
B
|
A
|
A
|
A
|
A
|
Non QM
|
Non QM
|
No
|
|||||||||||||||
|
XXXX
|
12
|
XXXX
|
XXX
|
Compliance
|
Compliance
|
Federal Compliance
|
ATR/QM Defect
|
Check Loan Designation Match - ATR Risk
|
Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.
|
Loan designation is Non QM and the failure is due to VVOE dated within [redacted]days prior to closing not provided. Lender exception
approved to use [redacted] verification dated [redacted]. Compliance violation due to [redacted] overlays.
|
Reviewer Comment (2026-06-03): Received VVOE. Condition cleared.
Reviewer Comment (2026-06-01): Per the lender guides for full doc, wage income, the VVOE must be completed within [redacted]calendar
days of closing. Section [redacted].
Buyer Comment (2026-05-29): The VOE was obtained [redacted]and note dated [redacted]- Our guidelines allow S/E verification up to
[redacted]days.
Reviewer Comment (2026-05-28): Exception was escalated. Response: When the lender does not meet their own guidelines for verifying
employment, the lender exception would need to outline what alternate pre-closing documentation they used to verify the borrower's employment status. The lender exception form, lender instead provided compensating factors such as employment
> [redacted]years, LTV, and residual income. Compensating factors would not be acceptable for this type of document deficiency (also LTV cannot be used as a compensating factor). There is a verification in the file from the work number;
however this is not identified on the lender exception. An updated lender exception which identifies the alternate documentation the lender used in lieu of not meeting the VOE > [redacted]days from Note Date requirement would be needed
with additional compensating factors.
Buyer Comment (2026-05-28): see attached
|
XX/XX/XXXX
|
No
|
1
|
A
|
A
|
A
|
A
|
A
|
XX
|
Primary
|
Purchase
|
Lender to provide updated ATR/QM Loan Designation
|
B
|
B
|
B
|
B
|
A
|
A
|
A
|
A
|
Non QM
|
Non QM
|
No
|
||||||||||||||
|
XXXX
|
12
|
XXXX
|
XXX
|
Credit
|
Income / Employment
|
Income Documentation
|
Income / Employment
|
Income documentation requirements not met.
|
VVOE was not obtained [redacted]days prior to note date. Lender exception approval for [redacted] verification dated [redacted].
|
Borrower has been employed in the same industry for more than [redacted]years.
Borrower has verified disposable income of at least $[redacted].
Borrower has worked in the same position for more than [redacted]years.
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted]months.
Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].
The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted].
The representative FICO score exceeds the guideline minimum by at least [redacted]points.
|
Borrower has been employed in the same industry for more than [redacted] years.
Documentation Type: [redacted]
Disposable Income: $[redacted]
Loan to Value: [redacted]%
Guideline Maximum Loan to Value: [redacted]%
|
Aggregator,SitusAMC
Aggregator,SitusAMC
SitusAMC
SitusAMC
SitusAMC
Aggregator,SitusAMC
SitusAMC
|
Reviewer Comment (2026-05-28): Client elects to waive with compensating factors.
|
XX/XX/XXXX
|
No
|
2
|
B
|
B
|
B
|
B
|
B
|
XX
|
Primary
|
Purchase
|
B
|
B
|
B
|
B
|
A
|
A
|
A
|
A
|
Non QM
|
Non QM
|
No
|
|||||||||||||
|
XXXX
|
12
|
XXXX
|
XXX
|
Credit
|
Credit
|
Miscellaneous
|
Guideline
|
Credit Exception:
|
File is missing the required VVOE dated within [redacted]Calendar days prior to the note date.
Credit violation due to [redacted] overlay.
Failure due to VVOE dated within [redacted]days prior to closing not provided. Lender exception approved to use [redacted] verification
dated [redacted]
|
Borrower has been employed in the same industry for more than [redacted]years.
Borrower has verified disposable income of at least $[redacted].
Borrower has worked in the same position for more than [redacted]years.
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted]months.
Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted].
The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted].
The representative FICO score exceeds the guideline minimum by at least [redacted]points.
|
Borrower has been employed in the same industry for more than [redacted] years.
Documentation Type: [redacted]
Disposable Income: $[redacted]
Loan to Value: [redacted]%
Guideline Maximum Loan to Value: [redacted]%
|
Aggregator,SitusAMC
Aggregator,SitusAMC
SitusAMC
SitusAMC
SitusAMC
Aggregator,SitusAMC
SitusAMC
|
Reviewer Comment (2026-05-28): Client elects to waive with compensating factors.
Buyer Comment (2026-05-26): see attached
Reviewer Comment (2026-05-26): Required VVOE dated within [redacted]Calendar days prior to the note date, Exception remains
Buyer Comment (2026-05-21): see attached
|
XX/XX/XXXX
|
No
|
2
|
B
|
B
|
B
|
B
|
B
|
XX
|
Primary
|
Purchase
|
B
|
B
|
B
|
B
|
A
|
A
|
A
|
A
|
Non QM
|
Non QM
|
No
|
|||||||||||||
|
XXXX
|
13
|
XXXX
|
XXX
|
Credit
|
Borrower and Mortgage Eligibility
|
Mortgage / Program Eligibility
|
Borrower and Mortgage Eligibility
|
Missing Document: Note - Subordinate Lien not provided
|
File is missing document to verify the HELOC lien with Unpaid balance of $[redacted].
|
Reviewer Comment (2026-05-27): HELOC agreement received & associated. Exception cleared.
Buyer Comment (2026-05-22): new loan with [redacted].
|
XX/XX/XXXX
|
No
|
1
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
XX
|
Primary
|
Refinance - Rate/Term
|
C
|
B
|
C
|
B
|
C
|
A
|
A
|
A
|
Non QM
|
Non QM
|
No
|
|||||||||||
|
XXXX
|
13
|
XXXX
|
XXX
|
Credit
|
Asset
|
Asset Calculation / Analysis
|
Asset
|
Available for Closing is insufficient to cover Cash From Borrower.
|
Documented qualifying Assets for Closing of $[redacted]is less than Cash From Borrower $[redacted]. Provide additional asset to cover
the closing requirement.
|
Reviewer Comment (2026-05-27): Additional fund received from HELOC transaction. Exception cleared.
Buyer Comment (2026-05-22): addtl funds came from other [redacted] loan
Reviewer Comment (2026-05-20): Loan with material credit exception. Per [redacted] overlays.
|
XX/XX/XXXX
|
No
|
1
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
XX
|
Primary
|
Refinance - Rate/Term
|
C
|
B
|
C
|
B
|
C
|
A
|
A
|
A
|
Non QM
|
Non QM
|
No
|
|||||||||||
|
XXXX
|
13
|
XXXX
|
XXX
|
Credit
|
Credit
|
AUS Discrepancy / Guidelines Discrepancy
|
Guideline
|
Guideline Requirement: PITIA reserves months discrepancy.
|
Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___.
|
Calculated PITIA months reserves of [redacted]is less than Guideline PITIA months reserves of [redacted]. provide additional asset to
cover the reserve requirement.
|
Borrower has been employed in the same industry for more than [redacted]years.
Borrower has owned the subject property for at least [redacted]years.
Borrower has verified disposable income of at least $[redacted].
Borrower has worked in the same position for more than [redacted]years.
The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%.
The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.
The representative FICO score exceeds the guideline minimum by at least [redacted] points.
|
Borrower has been employed in the same industry for more than [redacted]years.
Borrower has owned the subject property for at least [redacted]years.
Documentation Type: [redacted]
Disposable Income: $[redacted]
Borrower has worked in the same position for more than [redacted]years.
Loan to Value: [redacted]
Guideline Maximum Loan to Value: [redacted]
DTI: [redacted]
Guideline Maximum DTI: [redacted]
Guidelines Representative FICO: [redacted]
Representative FICO: [redacted]
|
Aggregator,SitusAMC
Aggregator,SitusAMC
Aggregator,SitusAMC
Aggregator,SitusAMC
Aggregator,SitusAMC
Aggregator,SitusAMC
Aggregator,SitusAMC
|
Reviewer Comment (2026-05-29): Lender Exception with Compensating Factors provided.
Buyer Comment (2026-05-27): see attached
Reviewer Comment (2026-05-27): Fund received from HELOC transaction updated. Required additional asset to meet reserve requirement.
Exception remains.
Buyer Comment (2026-05-22): addtl funds came from HELOC w/ [redacted]
Reviewer Comment (2026-05-20): Loan with material credit exception. Per [redacted] overlays.
|
XX/XX/XXXX
|
No
|
2
|
C
|
B
|
C
|
B
|
C
|
B
|
C
|
B
|
C
|
B
|
XX
|
Primary
|
Refinance - Rate/Term
|
C
|
B
|
C
|
B
|
C
|
A
|
A
|
A
|
Non QM
|
Non QM
|
No
|
|||||||
|
XXXX
|
13
|
XXXX
|
XXX
|
Compliance
|
Compliance
|
Federal Compliance
|
ATR/QM Defect
|
Check Loan Designation Match - ATR Risk
|
Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.
|
Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.
|
Reviewer Comment (2026-05-29): Lender Exception with Compensating Factors provided.
Buyer Comment (2026-05-28): see attached
Reviewer Comment (2026-05-27): Fund received from HELOC transaction updated. Required additional asset to meet reserve requirement.
Exception remains.
Buyer Comment (2026-05-22): addtl funds came from [redacted] loan
Reviewer Comment (2026-05-20): Loans that do not satisfy the "ability-to-repay" rules under the Truth in Lending Act. Failure due to
insufficient assets. [redacted] overlay
|
XX/XX/XXXX
|
No
|
1
|
B
|
A
|
C
|
A
|
B
|
A
|
C
|
A
|
B
|
A
|
XX
|
Primary
|
Refinance - Rate/Term
|
Lender to provide updated ATR/QM Loan Designation
|
C
|
B
|
C
|
B
|
C
|
A
|
A
|
A
|
Non QM
|
Non QM
|
No
|
|||||||||
|
XXXX
|
13
|
XXXX
|
XXX
|
Compliance
|
Compliance
|
Federal Compliance
|
ATR/QM Defect
|
Loan does not meet one or more guideline components which could impact the borrower's ability to repay.
|
General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to
repay.
|
Ability to repay exception due to insufficient funds.
|
Reviewer Comment (2026-05-29): Lender Exception with Compensating Factors provided.
Buyer Comment (2026-05-28): see attached
Reviewer Comment (2026-05-27): Fund received from HELOC transaction updated. Required additional asset to meet reserve requirement.
Exception remains.
Buyer Comment (2026-05-22): see attached
Reviewer Comment (2026-05-20): Loans that do not satisfy the "ability-to-repay" rules under the Truth in Lending Act. Failure due to
insufficient assets. [redacted] overlay
|
XX/XX/XXXX
|
No
|
1
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
XX
|
Primary
|
Refinance - Rate/Term
|
C
|
B
|
C
|
B
|
C
|
A
|
A
|
A
|
Non QM
|
Non QM
|
No
|
||||||||||