Exhibit 99.35
| Loan Number | Loan ID | Finding # | Last Name | Note Date | Audit Category | Audit Issue | Finding ID | Exception Finding | Remediation Status | Responsible Party | Exception Rebuttal | Exception Response | Status Comment | Compensating Factors | Initial Findings Grade | Final Findings Grade | Initial Loan Grade | Final Loan Grade |
| XXXX | 8132173 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8132173 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8132173 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8132174 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8132174 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8132174 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7935938 | 1 of 3 | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | The Vested Interest on the Security Instrument is inconsistent with the XXXX. The Vested Interest on the Security reflects the XXXower as individuals whereas Title reflects the XXXower as Trustees of a Trust. The loan file did not contain evidence of a transfer deed to support the change of vested interest. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXAM) see attached |
Response
1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7935938 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | Investor guidelines indicate an Early termination fee of XXXX% if terminated within the first XXXX months is acceptable. The Disclosure in the loan file indicates XXXX% if within the first XXXX months. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX lowered the early termination fee to meet high-cost requirements. This has not been an issue with Notes on previous loans that have been reviewed. |
Response 1 (XX/XX/XXXX XX:XXAM) Explanation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7935938 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 7922499 | 1 of 4 | XXXX | XXXX | Compliance | HELOC Brochure - Late | XXXX | There is no date evident on the home equity brochure entitled What You Should Know About Home Equity Lines of Credit (or a suitable substitute) provided in the loan file; cannot determine if it was disclosed to the XXXower within XXXX business days of the application date, XX/XX/XXXX. Truth In Lending Act (Regulation Z) 12 CFR 1026.40(e) | Client | 2 | 2 | 3 | 2 | |||||
| XXXX | 7922499 | 2 of 4 | XXXX | XXXX | Compliance | HELOC Initial/Early Disclosure - Late | XXXX | The Initial HELOC Disclosure was not provided to the XXXower(s) within XXXX business days of application. | Client | 2 | 2 | 3 | 2 | |||||
| XXXX | 7922499 | 3 of 4 | XXXX | XXXX | Credit | Program Parameters - Credit Score | XXXX | The XXXower's credit scores of XXXX is below the minimum allowable per investor guidelines of XXXX. | Waived | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) exception made for fico Rebuttal 2 (XX/XX/XXXX XX:XXAM) The investor allows per their guidelines no exception needed Rebuttal 3 (XX/XX/XXXX XX:XXAM) see attached- XXXX allows per their matrix |
Response 1 (XX/XX/XXXX XX:XXAM) Exception must be granted by Investor. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) XXXX was reviewed to Equity Advantage guidelines, dated XX/XX/XXXX. which do not allow the subject credit score. Please provide full matrix that was used. (XXXX) Response 3 (XX/XX/XXXX XX:XXAM) The "Buy Box" provided is not the product matrix utilized to review the loan. (XXXX) Response 4 (XX/XX/XXXX XX:XXPM) XXXX accepted and finding waived per request based on compensating factors. (Waived) |
3 | 2 | 3 | 2 | ||
| XXXX | 7922499 | 4 of 4 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 7901708 | 1 of 3 | XXXX | XXXX | Compliance | HELOC Brochure - Late | XXXX | There is no evidence in the file that the home equity brochure entitled What You Should Know About Home Equity Lines of Credit (or a suitable substitute) was provided to the XXXower within XXXX business days of application. Truth In Lending Act (Regulation Z) 12 CFR 1026.40(e) | Client | 2 | 2 | 2 | 2 | |||||
| XXXX | 7901708 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | Lender exception on file for rural property. Guidelines state rural properties are ineligible and the appraisal verifies the subject as one. Determined non-material based on compensating factors (waived). | Waived | Not Applicable | Compensating factors: qualifying FICO of XXXX, residual income of $XXXX, and 0x30 on the credit report. | 2 | 2 | 2 | 2 | |||
| XXXX | 7901708 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 7934213 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7934213 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7934213 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7925293 | 1 of 3 | XXXX | XXXX | Compliance | Federal - HOEPA (High Cost)/Points & Fees | XXXX | The loan failed the high-cost mortgage (HOEPA) points and fees threshold test due to the following: The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The following points and fees were included in the calculation: Underwriting Fee $XXXX and Termination Fee $XXXX. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) see attached Rebuttal 2 (XX/XX/XXXX XX:XXPM) XXXower was notified within the time frame allotted. |
Response
1 (XX/XX/XXXX XX:XXPM) Loan is outside the XXXX day from closing cure window. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 2 | 3 | 2 | ||
| XXXX | 7925293 | 2 of 3 | XXXX | XXXX | Credit | Verification Documentation - VVOE Salaried/Missing | XXXX | A VVOE is missing from the loan file. The loan file is missing a VVOE for the: XXXower. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) see attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | ||
| XXXX | 7925293 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains sufficient valuation documentation to meet investor guidelines. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 7922797 | 1 of 5 | XXXX | XXXX | Compliance | HELOC Brochure - Late | XXXX | There is no evidence in the file that the home equity brochure entitled What You Should Know About Home Equity Lines of Credit (or a suitable substitute) was provided to the XXXower within XXXX business days of application. Truth In Lending Act (Regulation Z) 12 CFR 1026.40(e) | Client | 2 | 2 | 3 | 2 | |||||
| XXXX | 7922797 | 2 of 5 | XXXX | XXXX | Compliance | ROR - Timing | XXXX | This loan failed the TILA right of rescission test. Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) ) The funding date, XX/XX/XXXX, is before the third business day following consummation, XX/XX/XXXX. The ALTA reflects a disbursement date of XX/XX/XXXX; however, the loan did not consummate until XX/XX/XXXX. The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §XXXX or §XXXX, or delivery of all material disclosures, whichever occurs last. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | ||
| XXXX | 7922797 | 3 of 5 | XXXX | XXXX | Compliance | State & Local Predatory Lending | XXXX | This loan failed the required fees test. (XXXX Constitution, Article 16, Section 50 (a)(6)(E) & (t)(4), as amended Jan. XXXX) The loan requires the XXXower(s) to pay, in addition to interest, fees to any person that are necessary to originate, evaluate, maintain, record, insure, or service the extension of credit that exceed XXXX% of the original principal amount. Fees included in test: Loan Origination $XXXX, Doc Prep $XXXX, Settlement $XXXX, Title Insurance $XXXX, Tax Cert $XXXX, XXXX GARC $XXXX, e-Recording Fee $XXXX, and XXXX Fee $XXXX. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Please advise how much the cure is. Please rush! Rebuttal 2 (XX/XX/XXXX XX:XXPM) The title insurance fee of $XXXX should NOT be included in the fee test. Please advise why this fee is included. Rebuttal 3 (XX/XX/XXXX XX:XXPM) see attached Rebuttal 4 (XX/XX/XXXX XX:XXPM) Please advise you are able to grade with a B w/ an open trailing exception so we can get the loan sold. |
Response 1 (XX/XX/XXXX XX:XXPM) Cost to cure is $XXXX. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Correction to fees included in the test: Loan Origination $XXXX, Doc Prep $XXXX, Settlement $XXXX, Tax Cert $XXXX, XXXX GARC $XXXX, e-Recording Fee $XXXX, and XXXX Fee $XXXX. Cost to cure updated to $XXXX. (XXXX) Response 3 (XX/XX/XXXX XX:XXPM) The documents have been received. The citation remains open until the rescission period has expired and the XXXower has not exercised their right to rescind. (XXXX) Response 4 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. The recession period has ended. (Resolved) |
3 | 2 | 3 | 2 | ||
| XXXX | 7922797 | 4 of 5 | XXXX | XXXX | Compliance | State Testing - Prohibited Fees | XXXX | The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Notary Fee $XXXX, e-Recording Fee $XXXX, XXXX Fee $XXXX, and XXXX Fee $XXXX. The loan fails the prohibited fees test by $XXXX. (XXXX XXXX ADC §XXXX) | Client | 2 | 2 | 3 | 2 | |||||
| XXXX | 7922797 | 5 of 5 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 7929154 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7929154 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7929154 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7946794 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7946794 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7946794 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7958914 | 1 of 6 | XXXX | XXXX | Compliance | HELOC Brochure - Missing | XXXX | There is no evidence in the file that the home equity brochure entitled What You Should Know About Home Equity Lines of Credit (or a suitable substitute) was provided to the XXXower. Truth In Lending Act (Regulation Z) 12 CFR 1026.40(e) | Client | 2 | 2 | 3 | 2 | |||||
| XXXX | 7958914 | 2 of 6 | XXXX | XXXX | Compliance | HELOC Initial/Early Disclosure - Late | XXXX | The Initial HELOC Disclosure was not provided to the XXXower/s within XXXX business days of application. | Client | 2 | 2 | 3 | 2 | |||||
| XXXX | 7958914 | 3 of 6 | XXXX | XXXX | Compliance | HOC - Late | XXXX | The Homeownership Counseling Disclosure (HOC) dated XX/XX/XXXX was not disclosed within XXXX days of the application date, XX/XX/XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.20(a)(1) | Client | 2 | 2 | 3 | 2 | |||||
| XXXX | 7958914 | 4 of 6 | XXXX | XXXX | Credit | Income - Other | XXXX | There are additional employment/income findings. The operating agreements provides for XXXX and XXXX are not legible based on the format uploaded. Provide a clear copy that verifies XXXower is XXXX% owner of both businesses used for qualifying income. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
4 | 1 | 3 | 2 | ||
| XXXX | 7958914 | 5 of 6 | XXXX | XXXX | Credit | Income - Other/Missing | XXXX | Other Income documentation required by guidelines was missing from loan file. The guidelines state if income has declined greater than XXXX% an exception is required. Income is being used at a XXXX month average from XXXX at a XXXX% decline and the exception is not on file. Provide exception to confirm use of decline income as a valid source for qualification. | Waived | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached Rebuttal 2 (XX/XX/XXXX XX:XXAM) Escalated. |
Response 1 (XX/XX/XXXX XX:XXAM) Exception must be granted by Investor. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Exception granted. Loan being sold to alternate Investor. (Waived) |
XXXX. XXXX% DTI. XXXX% CLTV. | 3 | 2 | 3 | 2 | |
| XXXX | 7958914 | 6 of 6 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 7954911 | 1 of 4 | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | The Vested Interest on the Security Instrument is inconsistent with XXXX. There is no evidence in the loan file that the Vested Interest on Title deeded the property to the XXXower and non-XXXowing spouse. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) see attached |
Response
1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7954911 | 2 of 4 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The investor guidelines reflected interest only senior loans were acceptable when qualified at a maximum DTI of XXXX%. The subject loan was delivered with a DTI ofXXXX%. A current mortgage statementwas provided for the existing first mortgage with XXXX. The statement reflected the paymentwas $XXXX which was a total of interest of $XXXX plus escrows for taxesand insurance of $XXXX. Thestatement did not reflect that the payment included a principal amount beingpaid. Documentation was not provided to support the principal and interestpayments. Without documentation that the first included principal and interestpayments, the DTI would exceed the maximum allowed of XXXX% | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Per guidelines XXXX on I/O first for HELOCS is XXXX% as long as credit score is XXXX and residual income is over $XXXX Rebuttal 2 (XX/XX/XXXX XX:XXAM) XXXX XXXX% is for HELOANS not HELOCS -see attached Rebuttal 3 (XX/XX/XXXX XX:XXPM) attached HELOC |
Response 1 (XX/XX/XXXX XX:XXPM) Pag 6 section 2.4 of the guide allows a maximum DTI of XXXX% when the first mortgage is interest only. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The guide that accompanies the matrix does not appear to differentiate between HELOC and HELOAN requirements. (XXXX) Response 3 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7954911 | 3 of 4 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The loan file contains documentationsupporting a XXXX% early termination fee if loan closed within the first XXXXmonths. Investor guidelines require a XXXX% early termination fee if closed withinthe first XXXX months. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) XXXX lowered the early termination fee to meet high-cost requirements. This has not been an issue with Notes on previous loans that have been reviewed. |
Response 1 (XX/XX/XXXX XX:XXPM) Explanation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7954911 | 4 of 4 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 7966530 | 1 of 6 | XXXX | XXXX | Compliance | HELOC Brochure - Missing | XXXX | There is no evidence in the file that the home equity brochure entitled What You Should Know About Home Equity Lines of Credit (or a suitable substitute) was provided to the XXXower. Truth In Lending Act (Regulation Z) 12 CFR 1026.40(e) | Client | 2 | 2 | 3 | 2 | |||||
| XXXX | 7966530 | 2 of 6 | XXXX | XXXX | Credit | Credit Report - Other | XXXX | Lender exception on file for non-medical collection account with balance on credit report. Guidelines state open medical collections less than $XXXX are okay to be left open and collection on file does not meet this guideline as it is a non-medical account. (Waived). | Waived | Not Applicable | Compensating factors: XXXX+ years in same self-employed business, residual income of $XXXX, and 0x30 on current mortgages. | 2 | 2 | 3 | 2 | |||
| XXXX | 7966530 | 3 of 6 | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | The application lists significant debts that were not verified on the credit report and not independently verified. New second lien mortgages associated with REOs at XXXX XXXX and XXXX are listed on the XXXX and the documentation to validate the new payments are missing from the loan file. Provide documentation to support new second liens with XXXX to confirm the payments of $XXXX and $XXXX monthly. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached Rebuttal 2 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXPM) Referenced documentation not received. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Validation of payments provided. (Resolved) |
3 | 1 | 3 | 2 | ||
| XXXX | 7966530 | 4 of 6 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | Guidelines state all outstanding liens must be paid off prior to or at closing. File contains evidence of an IRS tax lien of $XXXX that is not paid off at closing. Provide evidence of loan payoff and release to meet guideline requirements. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX paid off w/ refi on XXXX Rebuttal 2 (XX/XX/XXXX XX:XXPM) see attached HUD |
Response 1 (XX/XX/XXXX XX:XXPM) Please provide HUD. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) HUD provided and reflects tax XXXX paid. (Resolved) |
3 | 1 | 3 | 2 | ||
| XXXX | 7966530 | 5 of 6 | XXXX | XXXX | Credit | Title Commitment - Missing/Incomplete | XXXX | The title commitment is incomplete. Provide full title commitment for the subject to meet guidelines. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached Rebuttal 2 (XX/XX/XXXX XX:XXPM) see attached - |
Response 1 (XX/XX/XXXX XX:XXPM) Referenced documentation not received. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Title Commitment provided. (Resolved) |
3 | 1 | 3 | 2 | ||
| XXXX | 7966530 | 6 of 6 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 7966531 | 1 of 4 | XXXX | XXXX | Compliance | HELOC Brochure - Missing | XXXX | There is no evidence in the file that the home equity brochure entitled What You Should Know About Home Equity Lines of Credit (or a suitable substitute) was provided to the XXXower. Truth In Lending Act (Regulation Z) 12 CFR 1026.40(e) | Client | 2 | 2 | 3 | 2 | |||||
| XXXX | 7966531 | 2 of 4 | XXXX | XXXX | Credit | Credit - Other | XXXX | Lender exception on file for non-medical collection account with balance on credit report. Guidelines state open medical collections less than $XXXX are okay to be left open and collection on file does not meet this guideline as it is a non-medical account. (Waived). | Waived | Not Applicable | Compensating factors: Residual income of $XXXX, 0x30 on mortgages, XXXX+ years in same self-employment business | 2 | 2 | 3 | 2 | |||
| XXXX | 7966531 | 3 of 4 | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | The application lists significant debts that were not verified on the credit report and not independently verified. XXXX lists new helocs associated with XXXX XXXX and XXXX XXXX from XXXX and there is no verification of these new debts on file. Provide payment verification for $XXXX and $XXXX. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached Rebuttal 2 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXPM) Referenced documentation not received. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Validation of debts provided. (Resolved) |
3 | 1 | 3 | 2 | ||
| XXXX | 7966531 | 4 of 4 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 7934214 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7934214 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7934214 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7948667 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7948667 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7948667 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. An AVM was received dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7946795 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 7946795 | 2 of 3 | XXXX | XXXX | Credit | Credit - Other | XXXX | There are additional observations that could impact the credit decision and/or quality of the loan. The loan is paying off a current heloc on the subject property and the payoff has a provided authorization to close that is required to be signed by the XXXowers. Guidelines only allow XXXXst and 2nd liens, so documentation to support the closure of the previous heloc on the subject property is required. Provide a signed and dated authorization to close from the XXXowers or equivalent documentation to support the closure of the XXXX heloc. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) see attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7946795 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 7935942 | 1 of 4 | XXXX | XXXX | Compliance | Compliance Finding - Other | XXXX | There are additional XXXX. The Business Purpose and Non-Owner XXXX has an unacceptable reason for the cash out. Debt consolidation is not a valid business purpose reason. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) XXXower signed LOE at closing-see attached |
Response
1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 2 | ||
| XXXX | 7935942 | 2 of 4 | XXXX | XXXX | Compliance | HELOC Brochure - Missing | XXXX | There is no evidence in the file that the home equity brochure entitled What You Should Know About Home Equity Lines of Credit (or a suitable substitute) was provided to the XXXower. Truth In Lending Act (Regulation Z) 12 CFR 1026.40(e) | 2 | 2 | 3 | 2 | ||||||
| XXXX | 7935942 | 3 of 4 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 7935942 | 4 of 4 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 7946797 | 1 of 4 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 7946797 | 2 of 4 | XXXX | XXXX | Credit | Income - Employment History | XXXX | The loan file contains a lender exception allowing income to be utilized from a business with less than XXXX years employment history as required per investor guidelines. Client to approve downgrading finding based on compensating factors. | Waived | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Lender exception to waive. |
Response 1 (XX/XX/XXXX XX:XXPM) XXXX accepted and request to waive based on compensating factors. (Waived) |
Compensating Factors: XXXower has XXXX years history in line of work as new business- CLTV <XXXX%. | 3 | 2 | 3 | 2 | |
| XXXX | 7946797 | 3 of 4 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The loan file contains documentation indicating a XXXX% early termination fee is closed within the first XXXX months, investor guidelines require a XXXX% early termination within the first XXXX months. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX lowered the early termination fee to meet high-cost requirements. This has not been an issue with Notes on previous loans that have been reviewed. |
Response 1 (XX/XX/XXXX XX:XXPM) Explanation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | ||
| XXXX | 7946797 | 4 of 4 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the value used. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 7929157 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7929157 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7929157 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraisal value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7953478 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 7953478 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - Property Type | XXXX | XXXX for the subject property type as Rural prior to consummation. Client to approve downgrading finding based on compensating factors. | Waived | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Lender exception request to waive. |
Response 1 (XX/XX/XXXX XX:XXPM) XXXX accepted and request to waive based on compensating factors. (Waived) |
Comp Factors - Residual Income $XXXX, LTV XXXX% | 3 | 2 | 3 | 2 | |
| XXXX | 7953478 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX that supported the value. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 7946678 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 7946678 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The Early termination fee indicated in the loan file docs of XXXX% if the total line amount if closed within XXXX months does not conform with investor guidelines requiring a XXXX% penalty within the first XXXX months. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX lowered the early termination fee to meet high-cost requirements. This has not been an issue with Notes on previous loans that have been reviewed. |
Response 1 (XX/XX/XXXX XX:XXPM) Explanation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7946678 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 7947607 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7947607 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7947607 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX that supported the value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7947610 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7947610 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7947610 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7947600 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 4 | 1 | |||||
| XXXX | 7947600 | 2 of 3 | XXXX | XXXX | Credit | Income - Other | XXXX | The income for the subject transaction was from XXXX months of bank statements. The XXXX account # XXXX statement for XX/XX/XXXX was missing from the loan file. Income could not be validated. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
4 | 1 | 4 | 1 | ||
| XXXX | 7947600 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Not Applicable | 1 | 1 | 4 | 1 | |||||
| XXXX | 7946789 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 7946789 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The loan file contains documentation supporting a XXXX% early termination fee if loan is closed within the first XXXX months. Investor guidelines require a XXXX% early termination fee if closed with in the first XXXX months. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX lowered the early termination fee to meet high-cost requirements. This has not been an issue with Notes on previous loans that have been reviewed. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7946789 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX to support the value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 7946791 | 1 of 4 | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | The Vested Interest on the Security Instrument cannot be verified as accurate due to Title Commitment not being legible. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) see attached Rebuttal 2 (XX/XX/XXXX XX:XXPM) see attached Rebuttal 3 (XX/XX/XXXX XX:XXAM) see attached |
Response
1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to cure the finding. The title Commitment has been provided. There has to be a chain of title connecting those who are takingout the new deed with who was on title at the time the transaction took place.XXXX did not have vested interest in the property to be able to beon the new mortgage. A deed transferring ownership from XXXX and XXX required. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The AKA statement provided in rebuttal does not address defect. (XXXX) Response 3 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to cure the finding. The title Commitment has been provided. There has to be a chain of title connecting those who are takingout the new deed with who was on title at the time the transaction took place.XXXX did not have vested interest in the property to be able to beon the new mortgage. A deed transferring ownership from XXXX and XXX required. (XXXX) Response 4 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7946791 | 2 of 4 | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | The loan file does not contain documentation supporting the PITI payment for the XXXX $XXXX loXXXX on XXXX. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached CD |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7946791 | 3 of 4 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The loan file contains documentation indicating the subject loan has a XXXX% early termination fee if closed within the first XXXX months, investor guidelines require a XXXX% early termination fee. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX lowered the early termination fee to meet high-cost requirements. This has not been an issue with Notes on previous loans that have been reviewed. |
Response 1 (XX/XX/XXXX XX:XXPM) Explanation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7946791 | 4 of 4 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 7965822 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7965822 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7965822 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7946792 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 7946792 | 2 of 3 | XXXX | XXXX | Credit | Appraisal - Appraisal Missing | XXXX | Missing required appraisal from file. The loan file did not contain an appraisal. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Per Guidelines: Owner Occupied (Non-HPML: QM points and fees test will apply) •Loan amount ≤ $XXXXk; AVM with XXXX% confidence factor and property condition inspection •Loan amount > $XXXXk; XXXX appraisal (XXXX, XXXX, XXXX) |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7946792 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is not supported within a 10% variance | XXXX | The AVM did not support the value within a 10% variance. File missing AVM. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7954914 | 1 of 4 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 7954914 | 2 of 4 | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | The loan file does not contain a payment breakdown for the subject property's first mortgage as required to determine the qualifying DTI, and is missing the mortgage statement. ***Additional Conditions May Apply*** | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | ||
| XXXX | 7954914 | 3 of 4 | XXXX | XXXX | Credit | Income - Other | XXXX | XXXX for the XXXower switching business accounts used for income within the most recent XXXX months prior to consummation. Client to approve downgrading finding based on compensating factors. | Waived | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached Rebuttal 2 (XX/XX/XXXX XX:XXPM) see attached Rebuttal 3 (XX/XX/XXXX XX:XXPM) XXX 2nd trade -XXXX SOW |
Response 1 (XX/XX/XXXX XX:XXPM) Referenced documentation not received. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Exception must be granted by Investor. (XXXX) Response 3 (XX/XX/XXXX XX:XXPM) XXXX granted at Origination. (Waived) |
Comp Factors - Credit Score XXXX, Residual Income $XXXX | 3 | 2 | 3 | 2 | |
| XXXX | 7954914 | 4 of 4 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX that supported the value. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 7935940 | 1 of 5 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 7935940 | 2 of 5 | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | The loan file does not contain documentation supporting the P&I payment on the new first lien associated with this purchase. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7935940 | 3 of 5 | XXXX | XXXX | Credit | Income - Business Tax Returns | XXXX | The loan was submitted as a Bank Statement loan however per investor guidelines to qualify greater than XXXX% of the XXXowers income must come from self-employment. The income documentation does not support this. Loan must be underwritten as full documentation and therefor is missing XXXX years tax returns complete with all schedules as well as transcripts. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached Rebuttal 2 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXAM) Referenced documentation not received. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) The qualifying wage income could be reduced to below the self-employment income and still achieve a qualifying DTI. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7935940 | 4 of 5 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | Investor guidelines require that any early termination fee be XXXX% within the first XXXX months. Documentation in the loan file indicates a XXXX% early termination fee within the first XXXX months. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX lowered the early termination fee to meet high-cost requirements. This has not been an issue with Notes on previous loans that have been reviewed. |
Response 1 (XX/XX/XXXX XX:XXAM) Explanation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7935940 | 5 of 5 | XXXX | XXXX | Valuation | Appraisal - Value is not supported within a 10% variance | XXXX | The loan file does not contain a second valuation product. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) see attached |
Response 1 (XX/XX/XXXX XX:XXAM) CDA provided (Resolved)and supports original appraised value. |
3 | 1 | 3 | 1 | ||
| XXXX | 7947598 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7947598 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7947598 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which support the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7965420 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7965420 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7965420 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7946790 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 7946790 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The loan file contains documentation indicating a XXXX% early termination fee, investor guidelines require a XXXX% early termination fee. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX lowered the early termination fee to meet high-cost requirements. This has not been an issue with Notes on previous loans that have been reviewed. |
Response 1 (XX/XX/XXXX XX:XXPM) Explanation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7946790 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 7947608 | 1 of 4 | XXXX | XXXX | Compliance | HELOC Brochure - Missing | XXXX | There is no evidence in the file that the home equity brochure entitled What You Should Know About Home Equity Lines of Credit (or a suitable substitute) was provided to the XXXower. Truth In Lending Act (Regulation Z) 12 CFR 1026.40(e). | Client | 2 | 2 | 3 | 2 | |||||
| XXXX | 7947608 | 2 of 4 | XXXX | XXXX | Compliance | HOC - Missing | XXXX | The Homeownership Counseling Disclosure (HOC) is missing. Real Estate Settlement Procedures Act (Regulation X)12 CFR 1024.20(a). | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) see attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 2 | ||
| XXXX | 7947608 | 3 of 4 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The loan file contains documentation indicating the subject loan has a XXXX% early termination fee if closed within the first XXXX months. Investor guidelines indicate an early termination fee should be XXXX%. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) XXXX lowered the early termination fee to meet high-cost requirements. This has not been an issue with Notes on previous loans that have been reviewed. |
Response 1 (XX/XX/XXXX XX:XXPM) Explanation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | ||
| XXXX | 7947608 | 4 of 4 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX which supports the value used. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 7947599 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 7947599 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The loan file contains documentation supporting a XXXX% early termination fee if loan closed within the first XXXX months. Investor guidelines require a XXXX% early termination fee if closed within the first XXXX months. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX lowered the early termination fee to meet high-cost requirements. This has not been an issue with Notes on previous loans that have been reviewed. |
Response 1 (XX/XX/XXXX XX:XXAM) Explanation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7947599 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 7946796 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7946796 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7946796 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7953483 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 7953483 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The loan file contains documentation supportinga XXXX% early termination fee if loan closed within the first XXXX months. Investorguidelines require a XXXX% early termination fee if closed within the first XXXXmonths | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) XXXX lowered the early termination fee to meet high-cost requirements. This has not been an issue with Notes on previous loans that have been reviewed. |
Response 1 (XX/XX/XXXX XX:XXAM) Explanation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7953483 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. An AVM with a confidence score of XXXX% was provided and supported the appraised value | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 7947595 | 1 of 3 | XXXX | XXXX | Compliance | HELOC Brochure - Missing | XXXX | There is no evidence in the file that the home equity brochure entitled What You Should Know About Home Equity Lines of Credit (or a suitable substitute) was provided to the XXXower. Truth In Lending Act (Regulation Z) 12 CFR 1026.40(e) | 2 | 2 | 3 | 2 | ||||||
| XXXX | 7947595 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The loan file contains documentation supporting a XXXX% early termination fee if closed within the first XXXX months. Investor guidelines require a XXXX% early termination fee within the first XXXX months. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX lowered the early termination fee to meet high-cost requirements. This has not been an issue with Notes on previous loans that have been reviewed. |
Response 1 (XX/XX/XXXX XX:XXAM) Explanation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | ||
| XXXX | 7947595 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 7946682 | 1 of 4 | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | The Vested Interest on the Security Instrument cannot be verified as accurate due to Title Commitment not being legible. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXAM) see attached Rebuttal 2 (XX/XX/XXXX XX:XXAM) Title Commitment uploaded. |
Response
1 (XX/XX/XXXX XX:XXAM) The documentation provided is not sufficient to cure the finding. The Title Policy has been provided. Provide the Title Commitment to review the chain of title and vesting to determine if XXXX was required. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7946682 | 2 of 4 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The loan file contains documentation indicating a XXXX% early termination fee if closed within the first XXXX months, investor guidelines require a XXXX% early termination fee. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX lowered the early termination fee to meet high-cost requirements. This has not been an issue with Notes on previous loans that have been reviewed. |
Response 1 (XX/XX/XXXX XX:XXPM) Explanation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7946682 | 3 of 4 | XXXX | XXXX | Credit | Verification Documentation - VOE/Missing | XXXX | The VOEs are missing from the loan file. The loan file is missing a VOE for the both the XXXower and co-XXXower. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) see attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7946682 | 4 of 4 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 7965423 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7965423 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7965423 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7954913 | 1 of 3 | XXXX | XXXX | Compliance | HELOC Brochure - Missing | XXXX | There is no evidence in the file that the home equity brochure entitled What You Should Know About Home Equity Lines of Credit (or a suitable substitute) was provided to the XXXower. Truth In Lending Act (Regulation Z) 12 CFR 1026.40(e) | Client | 2 | 2 | 3 | 2 | |||||
| XXXX | 7954913 | 2 of 3 | XXXX | XXXX | Credit | Appraisal - Other | XXXX | The appraisal contained in the loan file is illegible. Therefore, the reviewer cannot determine if the appraisal is within Lender's guides. No other appraisal is obtained in the loan file. Additional conditions may apply. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) see attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | ||
| XXXX | 7954913 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 7958912 | 1 of 3 | XXXX | XXXX | Compliance | Rescission Test | XXXX | The loan closed on XX/XX/XXXX, the rescission end date was XX/XX/XXXX and the loan funded on XX/XX/XXXX. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXAM) see attached -loan funded on XXXX/XXXX |
Response
1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 7958912 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 7958912 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 7965422 | 1 of 3 | XXXX | XXXX | Compliance | HELOC Brochure - Missing | XXXX | There is no evidence in the file that the home equity brochure entitled What You Should Know About Home Equity Lines of Credit (or a suitable substitute) was provided to the XXXower. Truth In Lending Act (Regulation Z) 12 CFR 1026.40(e) | Client | 2 | 2 | 2 | 2 | |||||
| XXXX | 7965422 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 7965422 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 7953479 | 1 of 4 | XXXX | XXXX | Compliance | HELOC Brochure - Missing | XXXX | There is no evidence in the file that the home equity brochure entitled What You Should Know About Home Equity Lines of Credit (or a suitable substitute) was provided to the XXXower. Truth In Lending Act (Regulation Z) 12 CFR 1026.40(e) | Client | 2 | 2 | 3 | 2 | |||||
| XXXX | 7953479 | 2 of 4 | XXXX | XXXX | Compliance | State Testing - Prohibited Fees | XXXX | The loan failed the XXXX prohibited lender fees test. This test includes the following fees: XXXX and XXXX. The loan fails the prohibited fees test by $XXXX. | Client | 2 | 2 | 3 | 2 | |||||
| XXXX | 7953479 | 3 of 4 | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | The application reflects a XXXXst and a new 2nd mortgage for the XXXower's primary residence; however the loan file does not contain mortgage statements or documentation to verify the PITI on this property. All REOs must have verified XXXX payments to determine qualifying eligibility. ***Additional Conditions May Apply *** | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached Rebuttal 2 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXPM) Still missing PITI breakdown for UWM mortgage with a $XXXX balance and a $XXXX per month payment. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | ||
| XXXX | 7953479 | 4 of 4 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the value. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 7966527 | 1 of 4 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 7966527 | 2 of 4 | XXXX | XXXX | Credit | Income - Other | XXXX | Lender exception on file for use of XXXX bank statements for business bank statement income when both are open and active. Guidelines specify XXXX account to be used unless one is closed. (Waived). | Waived | Not Applicable | Compensating factors: LTV is less than XXXX% maximum LTV, qualifying FICO is XXXX, and 0x30 on credit. | 2 | 2 | 3 | 2 | |||
| XXXX | 7966527 | 3 of 4 | XXXX | XXXX | Credit | Income - Other/Missing | XXXX | Guidelines state a XXXX contractor can use bank statement income with confirmation from a CPA that the XXXower is a XXXX contractor and files Schedule C or Schedule E with the IRS. XXXower XXXX is a XXXX employee qualifying on bank statement income and this CPA letter is missing from the loan file. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached Rebuttal 2 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXPM) Referenced documentation not received. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) CPA letter provided. (Resolved) |
3 | 1 | 3 | 2 | ||
| XXXX | 7966527 | 4 of 4 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 7953475 | 1 of 3 | XXXX | XXXX | Compliance | State Testing - Prohibited Fees | XXXX | The loan failed the XXXX prohibited lender fees test. This test includes the following fees: XXXX and XXXX. The loan fails the prohibited fees test by $XXXX. | Client | 2 | 2 | 2 | 2 | |||||
| XXXX | 7953475 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 7953475 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 7965421 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7965421 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7965421 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8037890 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8037890 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8037890 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7965419 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7965419 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7965419 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7966528 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7966528 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7966528 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7963191 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7963191 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 7963191 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX which supports the value used to qualify. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8015971 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8015971 | 2 of 3 | XXXX | XXXX | Credit | Credit Report - Other | XXXX | There are additional credit findings. Guidelines require a gap credit report when the credit report on file is dated more than XXXX days before the note date. Provide gap credit report as there are XXXX days between the note date and credit report on file. Gap credit report to verify XXXX and XXXX have no balance to match XXXX debts or the DTI is over XXXX% and ineligible per guidelines. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) see attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8015971 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8030954 | 1 of 3 | XXXX | XXXX | Compliance | Federal - HOEPA(High Cost)/APR | XXXX | This loan failed the high-cost mortgage APR threshold test due to the following finding: (12 CFR §1026.32(a)(1)(i)(A), (C)) The loan is a subordinate-lien transaction, and the annual percentage rate (APR), as determined in accordance with 12 CFR §1026.32(a)(3) XXXX%, exceeds the Average Prime Offer Rate (XXXX%) by more than XXXX%. The date the interest rate was set, as used for calculating the APOR, is XX/XX/XXXX. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) It appears the APOR was input incorrectly |
Response
1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8030954 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8030954 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8020609 | 1 of 4 | XXXX | XXXX | Compliance | HELOC Brochure - Late | XXXX | There is no evidence in the file that the home equity brochure entitled What You Should Know About Home Equity Lines of Credit (or a suitable substitute) was provided to the XXXower within XXXX business days of application. Truth In Lending Act (Regulation Z) 12 CFR 1026.40(e) | Client | 2 | 2 | 2 | 2 | |||||
| XXXX | 8020609 | 2 of 4 | XXXX | XXXX | Compliance | HELOC Initial/Early Disclosure - Late | XXXX | The Initial HELOC Disclosure was not provided to the XXXower/s within XXXX business days of application. | Client | 2 | 2 | 2 | 2 | |||||
| XXXX | 8020609 | 3 of 4 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8020609 | 4 of 4 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8006379 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8006379 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8006379 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8042665 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8042665 | 2 of 3 | XXXX | XXXX | Credit | Appraisal - Appraisal Missing | XXXX | Missing required appraisal from file. According to the XXXX we will see a full appraisal and AVM or CDA in the file. The loan file contains only the CDA and PCI reports at review. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Appraisal Rebuttal 2 (XX/XX/XXXX XX:XXPM) XXXX not required on HELOC |
Response 1 (XX/XX/XXXX XX:XXAM) Referenced documentation not received. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8042665 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8035818 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8035818 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8035818 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8019192 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8019192 | 2 of 3 | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | The loan file does not contain documentation supporting the principle and interest payment for the XXXX property recently purchase by the XXXower XX/XX/XXXX. Additional condition may apply. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8019192 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the value used to qualify. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8015968 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 4 | 1 | |||||
| XXXX | 8015968 | 2 of 3 | XXXX | XXXX | Credit | Income - Other | XXXX | Guidelines state W-XXXX transcripts are required to support W-XXXX income. This is missing from the loan file to verify income from XXXX. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
4 | 1 | 4 | 1 | ||
| XXXX | 8015968 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 4 | 1 | |||||
| XXXX | 8015972 | 1 of 3 | XXXX | XXXX | Compliance | Rescission Test | XXXX | The loan closed on XX/XX/XXXX, the rescission end date was XX/XX/XXXX and the loan funded on XX/XX/XXXX. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) loan funded XXXX |
Response
1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8015972 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The loan file contains documentation indicating a XXXX% early termination fee in the first XXXX months while investor guidelines require a XXXX% early termination fee in the first XXXX months. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX lowered the early termination fee to meet high-cost requirements. This has not been an issue with Notes on previous loans that have been reviewed. |
Response 1 (XX/XX/XXXX XX:XXAM) Explanation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8015972 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM and PCI as required per investor guidelines to support value used to qualify. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8020611 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8020611 | 2 of 3 | XXXX | XXXX | Credit | Appraisal - Other | XXXX | There are additional appraisal findings. The appraisal provided is not in correct formatting and is missing key information. Provide the full legible appraisal to verify collateral information. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8020611 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8004604 | 1 of 4 | XXXX | XXXX | Compliance | HELOC Brochure - Late | XXXX | There is no evidence in the file that the home equity brochure entitled What You Should Know About Home Equity Lines of Credit (or a suitable substitute) was provided to the XXXower within XXXX business days of application. Truth In Lending Act (Regulation Z) 12 CFR 1026.40(e) | Client | 2 | 2 | 2 | 2 | |||||
| XXXX | 8004604 | 2 of 4 | XXXX | XXXX | Compliance | HELOC Initial/Early Disclosure - Late | XXXX | The Initial HELOC Disclosure was not provided to the XXXower/s within XXXX business days of application. | Client | 2 | 2 | 2 | 2 | |||||
| XXXX | 8004604 | 3 of 4 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8004604 | 4 of 4 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8042672 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8042672 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8042672 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8037884 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8037884 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8037884 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8015973 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8015973 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8015973 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8006377 | 1 of 5 | XXXX | XXXX | Compliance | Federal - HOEPA (High Cost)/Points & Fees | XXXX | The loan failed the high-cost mortgage (HOEPA) points and fees threshold test due to the following: The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The following points and fees were included in the calculation: Discount Fee $XXXX, Broker Fee $XXXX, Processing Fee $XXXX, Underwriting Fee $XXXX, and Termination Fee $XXXX. (12 CFR §1026.32(a)(1)(ii)(A), (B)) | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) see attached Rebuttal 2 (XX/XX/XXXX XX:XXPM) see attached |
Response
1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to cure the finding. Pg. XXXX of XXXX of the XXXX removing the termination fee has been provided. The XXXower will need to sign the updated page to the Credit Agreement or provide a LOE to the XXXower stating that the termination fee is being removed and proof of mailing. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8006377 | 2 of 5 | XXXX | XXXX | Compliance | State Testing | XXXX | This loan failed the points and fees threshold test due to one of the following findings: (XXXX HB XXXX, XXXX. Code Ann., Com. XXXX)). The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Please see attached and advise. Our Compliance Ease report is showing it passes High Cost. Rebuttal 2 (XX/XX/XXXX XX:XXPM) see attached Rebuttal 3 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXPM) The Lender compliance report is not including the Termination Fee in the amount of $XXXX , XXXX, this fee is disclosed in the Note as a fee equal to XXXX% of the total limit amount if terminated within XXXX months of the agreement date. This fee is required to be included in testing. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to cure the finding. Pg. XXXX of XXXX of the Credit Agreement removing the termination fee has been provided. The XXXower will need to sign the updated page to the Credit Agreement or provide a LOE to the XXXower stating that the termination fee is being removed and proof of mailing. (XXXX) Response 3 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8006377 | 3 of 5 | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term does not conform to the requirements for the lender's license type in the state where the property is located. The state regulation of XXXX allows for a maximum XXXX-month prepayment term, the loan has a XXXX-month prepayment term. The loan fails the prepayment test by XXXX months. | Resolved | Not Applicable | Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 8006377 | 4 of 5 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8006377 | 5 of 5 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8030958 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8030958 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8030958 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8030957 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8030957 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8030957 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8015969 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8015969 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8015969 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8017752 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8017752 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8017752 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score XXXX. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8019190 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8019190 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8019190 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8017753 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8017753 | 2 of 3 | XXXX | XXXX | Credit | Income - Other/Missing | XXXX | The loan file is missing XXXX months of business bank statements as required per investor guidelines to verify income for XXXower XXXX. Additional conditions may apply. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8017753 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the value used to qualify. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8030956 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8030956 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8030956 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8035272 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8035272 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8035272 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8020610 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8020610 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8020610 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8037891 | 1 of 3 | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | The Vested Interest on the Security Instrument cannot be verified as accurate due to Title Commitment missing from the loan file. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXAM) see attached |
Response
1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8037891 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8037891 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8053014 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8053014 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The subject loan is a bank statement with a FICO of XXXX (primary wage earner). Per investor guidelines for CLTV it is ineligible. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) HELOC matrix allows for XXXX% ltv- pls advise |
Response 1 (XX/XX/XXXX XX:XXPM) Correct matrix provided and LTV meets matrix requirements. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8053014 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contain a CDA dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8035816 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8035816 | 2 of 2 | XXXX | XXXX | Credit | Appraisal - Other | XXXX | There are additional appraisal findings. Guidelines state an AVM with exterior property condition inspection can be used with a minimum confidence factor of XXXX%. AVM provided has a confidence factor of XXXX% so it does not meet the appraisal requirements. Provided an updated AVM or appraisal. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached -XXXX XXXX% |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8062690 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8062690 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8062690 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8022889 | 1 of 4 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8022889 | 2 of 4 | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | The application lists significant debts that were not verified on the credit report and not independently verified. PITIA for reo at XXXX XXXX in the amount of $XXXX monthly has not been verified. Provide supporting documentation for taxes and insurance/ HOA dues if applicable. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8022889 | 3 of 4 | XXXX | XXXX | Credit | Income - Other | XXXX | There are additional employment/income findings. CPA letter or P&L is required to verify the XXXX% expense ratio used to support the business bank statement income. If the standard XXXX% is used, the DTI is too high at XXXX%. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) see attached Rebuttal 2 (XX/XX/XXXX XX:XXPM) see attached Rebuttal 3 (XX/XX/XXXX XX:XXPM) The expenses and property were not included since in the business name. |
Response 1 (XX/XX/XXXX XX:XXAM) Commentary received does not address defect. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) DTI is over XXXX% with the expenses for XXXX. (XXXX) Response 3 (XX/XX/XXXX XX:XXPM) Explanation and documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8022889 | 4 of 4 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8022849 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8022849 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8022849 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8050735 | 1 of 3 | XXXX | XXXX | Compliance | Federal - HOEPA (High Cost)/Points & Fees | XXXX | This loan failed the high-cost mortgage points and fees threshold test due to one of the following findings: (12 CFR §1026.32(a)(1)(ii)(A), (B)) The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The following points and fees were included in the calculation: Origination Fee $XXXX, Underwriting Fee $XXXX, and Termination Fee $XXXX. If the points are bona fide, please provide the Undiscounted Rate. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) Compliancease report is passing high cost test |
Response
1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8050735 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8050735 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8045522 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8045522 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8045522 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8042669 | 1 of 3 | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: Missing XXXower signature on the default notice page of the mortgage, page XXXX of XXXX. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) XXXower does not sign this page and as lender, we have opted to not sign. Rebuttal 2 (XX/XX/XXXX XX:XXPM) see attached |
Response
1 (XX/XX/XXXX XX:XXPM) The explanation provided is not sufficient to cure the finding. The Default Notice pg. XXXX of XXXX of the Mortgage must be signed or crossed out. Please provide signed or crossed out pg. XXXX of XXXX for review. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8042669 | 2 of 3 | XXXX | XXXX | Credit | FEMA | XXXX | XXXX completed reflecting a declared disaster after appraisal date. FEMA disaster (DR-XXXX-CA) has an incident date of XX/XX/XXXX which is after the appraisal date of XX/XX/XXXX. Provide a post disaster inspection to confirm no damage. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) There should be a line drawn through this page. XXXower does not sign this page and as lender, we have opted to not sign. Rebuttal 2 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXAM) Still missing PDI. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8042669 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8035815 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8035815 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8035815 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8121167 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 8121167 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - Loan Amount | XXXX | The loan amount does not meet minimum allowable under the guidelines. Minimum loan amount is $XXXX and subject loan amount is verified at $XXXX. | Waived | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See Attached Rebuttal 2 (XX/XX/XXXX XX:XXAM) see attached |
Response 1 (XX/XX/XXXX XX:XXAM) XXXX provided supports a minimum loan amount of $XXXX. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
XXXX. XXXX% DTI. $XXXX per month residual income. | 3 | 2 | 3 | 2 | |
| XXXX | 8121167 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 8097049 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8097049 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8097049 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8022890 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8022890 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8022890 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8030955 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8030955 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - DTI | XXXX | The subject loan does not meet Investor Program Parameters for DTI. Maximum DTI is XXXX% and DTI is verified at XXXX%. The social security income was entered incorrectly at origination (income worksheet reflects $XXXX and XXXX reflects $XXXX) and with the corrected amount DTI goes from XXXX% to XXXX%. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) XXXX SSI income grossed up -DTI < XXXX% Rebuttal 2 (XX/XX/XXXX XX:XXPM) see attached - XXXX is being paid for by the business. Not grossing up SSI -see revised XXXX/XXXX |
Response 1 (XX/XX/XXXX XX:XXPM) Only XXXX% of the XXXX can be grossed up by XXXX%. The DTI is still over XXXX%. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8030955 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8053013 | 1 of 4 | XXXX | XXXX | Compliance | HELOC Brochure - Late | XXXX | There is no evidence in the file that the home equity brochure entitled What You Should Know About Home Equity Lines of Credit (or a suitable substitute) was provided to the XXXower within XXXX business days of application. Truth In Lending Act (Regulation Z) 12 CFR 1026.40(e) | Client | 2 | 2 | 3 | 2 | |||||
| XXXX | 8053013 | 2 of 4 | XXXX | XXXX | Compliance | HELOC Initial/Early Disclosure - Late | XXXX | The Initial HELOC Disclosure was not provided to the XXXower/s within XXXX business days of application. | Client | 2 | 2 | 3 | 2 | |||||
| XXXX | 8053013 | 3 of 4 | XXXX | XXXX | Credit | Program Parameters - CLTV | XXXX | The subject loan CLTV of XXXX% does not meet Program Parameters for CLTV of XXXX% for a bank statement loan income calculation. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) HELOC guidelines allow for XXXX% ltv |
Response 1 (XX/XX/XXXX XX:XXPM) Correct matrix provided and LTV meets matrix guidelines. (Resolved) |
3 | 1 | 3 | 2 | ||
| XXXX | 8053013 | 4 of 4 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 8037887 | 1 of 3 | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | The Vested Interest on the Security Instrument cannot be verified as accurate due to Title Commitment missing from the loan file. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXAM) see attached Rebuttal 2 (XX/XX/XXXX XX:XXAM) see attached property is a refinance |
Response
1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to cure the finding.The Title Policy provided reflects the current XXXower. Please provide the Title Commitment to review vesting prior to loan to determine if change is vesting was required. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8037887 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8037887 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8022888 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8022888 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8022888 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8042670 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8042670 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8042670 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8037885 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8037885 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8037885 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is not supported within a 10% variance | XXXX | The AVM did not support the value within a 10% variance. CU score XXXX and no other valuation product in file to support original appraised value. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached -CDA did not support so AVM was ordered. Rebuttal 2 (XX/XX/XXXX XX:XXAM) XXXX Review Received. |
Response 1 (XX/XX/XXXX XX:XXAM) Awaiting supporting secondary valuation. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) XXXX review received and supports original appraised value. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8042668 | 1 of 3 | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: Missing XXXower signature on the default notice page of the mortgage, page XXXX of XXXX. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) There should be a line drawn through this page. XXXower does not sign this page and as lender, we have opted to not sign. Rebuttal 2 (XX/XX/XXXX XX:XXPM) see attached |
Response
1 (XX/XX/XXXX XX:XXPM) The explanation provided is not sufficient to cure the finding. The Default Notice pg. XXXX of XXXX of the Mortgage must be signed or crossed out. Please provide signed or crossed out pg. XXXX of XXXX for review. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8042668 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8042668 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8059919 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8059919 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8059919 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8059920 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8059920 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8059920 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8067351 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 8067351 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - Loan Amount | XXXX | The loan amount does not meet the minimum allowable under the guidelines. Minimum loan amount is $XXXX per the matrix and the loan amount is verified at $XXXX. | Waived | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX. $XXXX per month residual income. | 3 | 2 | 3 | 2 | |
| XXXX | 8067351 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 8053017 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8053017 | 2 of 3 | XXXX | XXXX | Credit | Appraisal - Other | XXXX | There are additional appraisal findings. An AVM with PCI was provided to determine the appraised value. Guidelines state the confidence factor must be XXXX% or higher and the confidence score on the AVM provided is XXXX%. Provide AVM with a confidence factor of XXXX% or above or a full appraisal to verify the value. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) see attached XXXX% conf score allowed Rebuttal 2 (XX/XX/XXXX XX:XXAM) Please see attached addendum to our 2nd XXXX guidelines that was added last year. Please incorporate them into our 2nd XXXX guidelines you are reviewing. |
Response 1 (XX/XX/XXXX XX:XXPM) Guidelines reflect a Confidence score of XXXX% is required. The email provided listing vendors and acceptable FSD score with a XXXX% Confidence score is wrong for XXXX. When you add the confidence score and FSD score for XXXX it will always be XXXX. AVM in file reflected a XXXX% Confidence score and XXXX% FSD totaling XXXX. The guidelines need to be updated to take in account the confidence score compared to the FSD. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8053017 | 3 of 3 | XXXX | XXXX | Credit | Program Parameters - Credit Score | XXXX | The XXXower's credit scores are below the minimum allowable per guidelines. The matrix provided only lists a FICO of XXXX and up for eligibility with bank statement income qualification. FICO is verified at XXXX which is below this amount. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) see attached. HELOC matrix allows fico score |
Response 1 (XX/XX/XXXX XX:XXPM) Correct matrix provided and qualifying score meets requirements. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8056149 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8056149 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8056149 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8057012 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8057012 | 2 of 3 | XXXX | XXXX | Credit | Credit Report - Aged | XXXX | The loan file contains a lender exception for the credit report was expired at the time of closing based on guides. The credit report was > XXXX days from the note date at the time of closing. Determined non-material based on compensating factors (waived). | Waived | Not Applicable | Compensating factors: residual income of $XXXX, qualifying FICO of XXXX, and 0x30 on credit report. | 2 | 2 | 2 | 2 | |||
| XXXX | 8057012 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8092620 | 1 of 3 | XXXX | XXXX | Compliance | State Rules Violation | XXXX | This loan failed the high-cost home loan points and fees threshold test. (XXXX AB XXXX, § XXXX.), (XXXX SB XXXX, § XXXX.) The total points and fees of this loan, which are $XXXX, exceed the following threshold based on the total loan amount, which is $XXXX. The total points and fees exceed XXXX% of the total loan amount if the total loan amount is $XXXX or more. Fees included in the test: Loan Discount $XXXX, Broker $XXXX, Administration $XXXX, Settlement/Closing $XXXX, and Closing Protection Letter $XXXX. If the points are bona fide, please provide the Undiscounted Rate. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXAM) see attached |
Response
1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 2 | ||
| XXXX | 8092620 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - Loan Amount | XXXX | The loan file contains a lender exception for loan amount of $XXXX. Guidelines state minimum loan amount is $XXXX. Determined non-material based on compensating factors (waived). | Waived | Not Applicable | Compensating factors: residual income of $XXXX, qualifying FICO of XXXX, and co-XXXower XXXX+ years at same employer. | 2 | 2 | 3 | 2 | |||
| XXXX | 8092620 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. Loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 8085060 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 8085060 | 2 of 3 | XXXX | XXXX | Credit | Appraisal - Other | XXXX | There are additional appraisal findings. AVMs used for appraised value require a minimum confidence score of XXXX% per guidelines. The AVM provided has a confidence score of XXXX%. | Void | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) this was an addendum we put to the guides last year please incorporate into our 2nd lien guideline set when reviewing. |
Response 1 (XX/XX/XXXX XX:XXPM) Explanation received is sufficient. (Void) |
1 | 1 | 3 | 2 | ||
| XXXX | 8085060 | 3 of 3 | XXXX | XXXX | Credit | Program Parameters - Loan Amount | XXXX | The loan amount does not meet minimum allowable under the guidelines. Minimum loan amount is $XXXX and loan amount is verified at $XXXX. | Waived | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) see attached |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX. XXXX% LTV. $XXXX per month residual income. | 3 | 2 | 3 | 2 | |
| XXXX | 8059917 | 1 of 3 | XXXX | XXXX | Compliance | Rescission Test | XXXX | This loan failed the TILA right of rescission test. Closed-end (12 CFR §1026.23(a)(3), transferred from 12 CFR §226.23(a)(3)), Open-end (12 CFR §1026.15(a)(3), transferred from 12 CFR §226.15(a)(3)) The funding date is before the third business day following consummation. The loan closed on XX/XX/XXXX, the rescission end date was XX/XX/XXXX and the loan funded on XX/XX/XXXX. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) Please see funding advice for XXXX/XXXX |
Response
1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8059917 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8059917 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8067350 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8067350 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8067350 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8059918 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8059918 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8059918 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8088990 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8088990 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8088990 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8092618 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8092618 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8092618 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8093784 | 1 of 4 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8093784 | 2 of 4 | XXXX | XXXX | Credit | Appraisal - Other | XXXX | The appraisal provided is not legible. Provide a legible copy with all necessary information visible to verify guideline requirements have been met. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) see attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8093784 | 3 of 4 | XXXX | XXXX | Credit | Credit Report - Other | XXXX | The credit report provided is not legible. Provide a legible copy of the credit report to meet guideline requirements. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) see attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8093784 | 4 of 4 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8093166 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8093166 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8093166 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8088992 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8088992 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - DTI | XXXX | Subject loan was delivered with a XXXX% DTI and XXXX. Review DTI XXXX%. Per the guidelines, the maximum DTI allowed with a FICO less than XXXX is XXXX%. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) matrix does not show max XXXX% w/ fico < XXXX |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8088992 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8093786 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8093786 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - Loan Amount | XXXX | The loan file contains a lender exception for loan amount does not meet minimum allowable under the guidelines. Minimum loan amount is $XXXX and loan amount is verified at $XXXX. Determined non-material based on compensating factors. (Waived) | Waived | Not Applicable | Compensating factors: qualifying FICO of XXXX, residual income of $XXXX, and 0x30 on credit report. | 2 | 2 | 2 | 2 | |||
| XXXX | 8093786 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8093167 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8093167 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8093167 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8100790 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8100790 | 2 of 3 | XXXX | XXXX | Credit | Appraisal - Other | XXXX | There are additional appraisal findings. Appraisal provided is not legible, provide a legible copy with necessary information present. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) APPRAISAL IS LEGIBLE |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8100790 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8111919 | 1 of 3 | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | The XXXowers' name on the Security Instrument is inconsistent with the XXXX. A deed transferring ownership to the correct XXXower is required to confirm ownership interest in the new mortgage. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) see attached Rebuttal 2 (XX/XX/XXXX XX:XXPM) see attached- title provided signed DOT and they corrected prior to recording. |
Response
1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to cure the finding. The name of the XXXower, XXXX on the Title, Note, and Mortgage not match the name on the Warranty Deed provided, XXXX. The Name Affidavit provided only lists XXXX. Please provide an updated Name affidavit for review or a new Warranty Deed.(Upheld) Response 2 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8111919 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8111919 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8092619 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8092619 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8092619 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8093165 | 1 of 3 | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | The XXXower’s name on the Security Instrument is inconsistent with the XXXX. Title reflects that current vested interest is in the name of XXXX, however the mortgage lists XXXX and XXXX, husband and wife as joint tenants. An executed deed transferring ownership interest from XXXX to XXXX and XXXX, husband and wife as joint tenants is required to confirm ownership interest in the new mortgage. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) see attached |
Response
1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8093165 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8093165 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8098711 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8098711 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8098711 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8088991 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8088991 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8088991 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8100792 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8100792 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8132171 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8132171 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8132171 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CDA provided and supports original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8100789 | 1 of 4 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8100789 | 2 of 4 | XXXX | XXXX | Credit | Appraisal - Other | XXXX | There are additional appraisal findings. Appraisal provided is not legible, provide a legible copy with necessary information present. Additional conditions may apply upon receipt. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX is clear. Letters are smaller. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8100789 | 3 of 4 | XXXX | XXXX | Credit | Income - Other | XXXX | Guidelines require the seller's income calculation worksheet. This is missing from the loan file to verify bank statement income calculation. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Income |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8100789 | 4 of 4 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8092617 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8092617 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The loan file contains a lender exception for cost to cure on the garage conversion of $XXXX. Guidelines state maximum deferred maintenance is $XXXX. Determined non- material based on compensating factors (waived). | Waived | Not Applicable | Compensating factors: qualifying FICO of XXXX, residual income of $XXXX, and 0x30 on credit report. | 2 | 2 | 2 | 2 | |||
| XXXX | 8092617 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8113554 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8113554 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8113554 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8100787 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8100787 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8100787 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8098712 | 1 of 3 | XXXX | XXXX | Compliance | Federal - HOEPA (High Cost)/Points & Fees | XXXX | The loan failed the high-cost mortgage (HOEPA) points and fees threshold test due to the following: The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The following points and fees were included in the calculation: Origination Fee, $XXXX, XXXX $XXXX, XXXXIndirect) $XXXX, Processing Fee $XXXX, and Prepayment Penalty $XXXX. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) Please see Closing Mgr comments and advise: It appears to be doubt hit for origination fees. They have $XXXX and $XXXX. If they remove the $XXXX off their calculation we should pass. The Origination fee is only $XXXX Rebuttal 2 (XX/XX/XXXX XX:XXPM) see attached Rebuttal 3 (XX/XX/XXXX XX:XXPM) see attached from closing mgr and advise. |
Response
1 (XX/XX/XXXX XX:XXAM) The information provided is not sufficient to clear the finding. According to the Final HUD the XXXower was charged $XXXX for a Loan Origination Fee paid to the Lender. Then there is an additional $XXXX Indirect Broker fee paid to the broker from the lender. Both fees are included in high-cost testing. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The updated fees with the updated amounts to lender on the Final Settlement Statement are still included in the high-cost test. Please also note that the $XXXX termination fee is also included in high cost testing. The loan exceeds the Federal High Cost threshold by $XXXX. (XXXX) Response 3 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8098712 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8098712 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8097047 | 1 of 3 | XXXX | XXXX | Compliance | Rescission Test | XXXX | This loan failed the TILA right of rescission test. Closed-end (12 CFR §1026.23(a)(3), transferred from 12 CFR §226.23(a)(3)), Open-end (12 CFR §1026.15(a)(3), transferred from 12 CFR §226.15(a)(3)) The funding date, XX/XX/XXXX, is before the third business day following consummation, XX/XX/XXXX. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) loan funded XXXX |
Response
1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8097047 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8097047 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8104021 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8104021 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8104021 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8113552 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8113552 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8113552 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8111916 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8111916 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8111916 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8115222 | 1 of 3 | XXXX | XXXX | Compliance | Federal - HOEPA (High Cost)/Points & Fees | XXXX | This loan failed the high-cost mortgage points and fees threshold test due to the following findings: (12 CFR §1026.32(a)(1)(ii)(A), (B)). The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The following points and fees were included in the calculation: Loan Discount Points $XXXX, Appraisal $XXXX, Origination $XXXX, Underwriting $XXXX, Document Preparation $XXXX and Termination Fee $XXXX. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) see attached Rebuttal 2 (XX/XX/XXXX XX:XXAM) see page XXXX - the fees were adjusted Rebuttal 3 (XX/XX/XXXX XX:XXPM) The termination fee is XXXX% of $XXXXk which is $XXXX -not $XXXXk that you are showing. see attached. |
Response
1 (XX/XX/XXXX XX:XXAM) The Note provided did not address the defect. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to cure the finding. The Fees provided were in the original loan file and used for testing. The following points and fees were included in the calculation: Loan Discount Points $XXXX, Appraisal $XXXX, Origination $XXXX, Underwriting $XXXX, Document Preparation $XXXX and Termination Fee $XXXX. (XXXX) Response 3 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8115222 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8115222 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8098713 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8098713 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8098713 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8103530 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8103530 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8127900 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8127900 | 2 of 3 | XXXX | XXXX | Credit | Income - Other | XXXX | The loan file contains a lender exception for XXXower self-employment of less than XXXX years. XXXower's self-employment with current business is verified at XXXX months. Determined non-material based on compensating factors (waived). | Waived | Not Applicable | Compensating factors: residual income over $XXXX, CLTV more than XXXX% below XXXX, and XXXX+ months of reserves. | 2 | 2 | 2 | 2 | |||
| XXXX | 8127900 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8108147 | 1 of 3 | XXXX | XXXX | Compliance | Federal - HOEPA (High Cost)/Points & Fees | XXXX | The loan failed the high-cost mortgage (HOEPA) points and fees threshold test due to the following: The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The following points and fees were included in the calculation: Discount Fee $XXXX, Appraisal Fee $XXXX, Indirect Broker Fee $XXXX, Processing Fee $XXXX, Underwriting Fee $XXXX, XXXX Fee $XXXX. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXAM) Please see attached- Compliance ease is passing. You have the appraisal at $XXXX and processing fee included in yours. Rebuttal 2 (XX/XX/XXXX XX:XXPM) see attached |
Response
1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. According to the final settlement statement the $XXXX processing fee is paid to the Mortgage Broker. Fees paid to XXXX are included in high-cost testing. The $XXXX appraisal fee has been removed since paid to a 3rd party, and the $XXXX appraisal management fee has been added. Fees paid to affiliates are included in high cost testing. Updated amounts included in the test: Points $XXXX, Indirect Broker $XXXX, Broker Processing $XXXX, Underwriting $XXXX, Appraisal Management $XXXX, Doc Prep $XXXX. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8108147 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8108147 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8100788 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8100788 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8100788 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8108149 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8108149 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8108149 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8113553 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8113553 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8113560 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8113560 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8113560 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8104019 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8104019 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8104019 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8111920 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8111920 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8111920 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8100313 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8100313 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8100313 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8113558 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8113558 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8113558 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8121165 | 1 of 3 | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: Page XXXX of the mortgage is incomplete. The remainder of Sections XXXX, XXXX, and XXXX should have been included on page XXXX, however; were instead replaced by the XXXX acknowledgment. All pages of the Mortgage are required for review. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) see attached |
Response
1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8121165 | 2 of 3 | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | Full PITIA for reo at XXXX XXXX has not been verified. Provide tax cert or equivalent documentation to support the tax amount for this property. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) TAXES for XXXX |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8121165 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8127897 | 1 of 4 | XXXX | XXXX | Compliance | Note - Incomplete / Inaccurate | XXXX | The following section(s) of the Note is incomplete/inaccurate: The full name of the Trust listed on the note is missing. In addition, the XXXower/Trustee first name on the note does not match the first name of the XXXower/Trustee listed in the Trust document. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) see attached |
Response
1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8127897 | 2 of 4 | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The full name of the Trust listed on the signature page of the mortgage is missing. In addition, the XXXower/Trustee first name on the mortgage does not match the first name of the XXXower/Trustee listed in the Trust document. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8127897 | 3 of 4 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8127897 | 4 of 4 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8136449 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8136449 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8113562 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8113562 | 2 of 2 | XXXX | XXXX | Credit | Program Parameters - Loan Amount | XXXX | The loan file contains a lender exception for loan amount below $XXXX at $XXXX. Guidelines state minimum loan amount is $XXXX. Determined non-material based on compensating factors (waived). | Waived | Not Applicable | Compensating factors: 0x30 on credit report mortgages, XXXX+ years at current employer, and qualifying credit XXXX. | 2 | 2 | 2 | 2 | |||
| XXXX | 8121166 | 1 of 3 | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: Page XXXX of the mortgage is missing. All pages of the Mortgage are required for review. In addition, the notary did not acknowledge the execution of the Security Instrument by providing a date of occurrence for co-XXXower. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) see attached |
Response
1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8121166 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8121166 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8113551 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8113551 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8113551 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8137779 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8137779 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8137779 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8111918 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8111918 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | Investor guidelines indicate a XXXX% penalty if terminated within the first XXXX month. The loan documentation indicates a XXXX% early termination fee. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) XXXX lowered the early termination fee to meet high-cost requirements. The initial draw timeframe for XXXX days is an ask and not a requirement of the loan on the Note. We are fine with the minimum draw terms. |
Response 1 (XX/XX/XXXX XX:XXPM) explanation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8111918 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CDA provided and supports original appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8122092 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8122092 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - LTV | XXXX | The loan file contains a lender exception for LTV over XXXX% with XXXX. Guidelines state maximum LTV for qualifying FICO of XXXX is XXXX% and LTV is verified at XXXX%. Determined non-material based on compensating factors (waived). | Waived | Not Applicable | Compensating factors: XXXX+ years in same business, residual income of $XXXX, and DTI of XXXX%. | 2 | 2 | 2 | 2 | |||
| XXXX | 8122092 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8137778 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8137778 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8137778 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8121205 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8121205 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8121205 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8113555 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8113555 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8113555 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8111922 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8111922 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8134061 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8134061 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8134061 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8121206 | 1 of 3 | XXXX | XXXX | Compliance | ROR - Missing | XXXX | There is no evidence in the file that the Right to Cancel Notice was provided to all consumers with a right to rescind. XXXower XXXX right to rescind is missing. Truth in XXXX (Regulation Z)12 CFR 1026.23(b), (a)(1) | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) See attached |
Response
1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8121206 | 2 of 3 | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | The loan file does not contain documentation supporting the $XXXX monthly second lien HELOC for XXXX with XXXX. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) see attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8121206 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CDA provided and supports original appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8121207 | 1 of 3 | XXXX | XXXX | Compliance | HELOC Brochure - Missing | XXXX | There is no evidence in the file that the home equity brochure entitled What You Should Know About Home Equity Lines of Credit (or a suitable substitute) was provided to the XXXower. Truth In Lending Act (Regulation Z) 12 CFR 1026.40(e) | Client | 2 | 2 | 3 | 2 | |||||
| XXXX | 8121207 | 2 of 3 | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | The loan file does not contain documentation supporting the XXXX loan payment for XXXX . | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) see attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | ||
| XXXX | 8121207 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CDA provided and supports original appraised value. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 8142796 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8142796 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8142796 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8142798 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8142798 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8142798 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8123474 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8123474 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8115220 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8115220 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8115220 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8113550 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8113550 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8113549 | 1 of 3 | XXXX | XXXX | Compliance | HELOC Brochure - Late | XXXX | There is no evidence in the file that the home equity brochure entitled What You Should Know About Home Equity Lines of Credit (or a suitable substitute) was provided to the XXXower within XXXX business days of application, XX/XX/XXXX. Truth In Lending Act (Regulation Z) 12 CFR 1026.40(e) | Client | 2 | 2 | 2 | 2 | |||||
| XXXX | 8113549 | 2 of 3 | XXXX | XXXX | Compliance | HELOC Initial/Early Disclosure - Late | XXXX | The Initial HELOC Disclosure was not provided to the XXXower/s within XXXX business days of application, XX/XX/XXXX. | Client | 2 | 2 | 2 | 2 | |||||
| XXXX | 8113549 | 3 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8134058 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8134058 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8134058 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8134056 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8134056 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8121209 | 1 of 4 | XXXX | XXXX | Compliance | HELOC Brochure - Late | XXXX | There is no evidence in the file that the home equity brochure entitled What You Should Know About Home Equity Lines of Credit (or a suitable substitute) was provided to the XXXower within XXXX business days of application. Truth In Lending Act (Regulation Z) 12 CFR 1026.40(e) | Upheld | Client | Rebuttal
1 (XX/XX/XXXX XX:XXPM) sEE ATTACHED |
Response
1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to cure the finding. The date of Application is XX/XX/XXXX, the date the document was sent to the XXXower is XX/XX/XXXX and not within XXXX days of application as required. (XXXX) |
2 | 2 | 3 | 2 | ||
| XXXX | 8121209 | 2 of 4 | XXXX | XXXX | Compliance | HELOC Initial/Early Disclosure - Late | XXXX | The Initial HELOC Disclosure was not provided to the XXXower/s within XXXX business days of application. | Upheld | Client | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See Attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to cure the finding. The date of Application is XX/XX/XXXX, the date the document was sent to the XXXower is XX/XX/XXXX and not within XXXX days of application as required. (XXXX) |
2 | 2 | 3 | 2 | ||
| XXXX | 8121209 | 3 of 4 | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | The Vested Interest on the Security Instrument cannot be verified as accurate due to Title Commitment being illegible. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 2 | ||
| XXXX | 8121209 | 4 of 4 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 8137781 | 1 of 3 | XXXX | XXXX | Compliance | Security Instrument - Missing Rider/Addendum | XXXX | The following is missing: XXXX. Per the Appraisal the property is located in a Planned Unit Development; however, a PUD rider was not provided in the loan file. In addition, the applicable rider section on page XXXX was not accurately marked. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) This was previously uploaded. Please review and advise of completetion soonest Rebuttal 2 (XX/XX/XXXX XX:XXPM) see attached Rebuttal 3 (XX/XX/XXXX XX:XXPM) See attached Rebuttal 4 (XX/XX/XXXX XX:XXPM) See updated re-recorded DOTT |
Response
1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The name of the PUD is missing; the name of the PUD should be listed on the XXXXst pg. of the rider where it says {Name of Planned Unit Development}; the PUD rider box on pg. XXXX of the Mortgage should be also checked to make the Rider as part of the Mortgage, this change should be initialed by the XXXowers. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The name of the PUD is missing; the name of the PUD should be listed on the XXXXst pg. of the rider where it says {Name of Planned Unit Development}; the PUD rider box on pg. XXXX of the Mortgage has been updated to make the Rider a part of the Mortgage, however, this change has not been initialed by the XXXowers as required. (XXXX) Response 3 (XX/XX/XXXX XX:XXPM) The documents have previously been provided and reviewed. Although the Mortgage has been re-recorded to include the PUD rider; the corrected pg. XXXX to make the PUD rider a part of the Mortgage has not been initialed by the XXXower. Please provide the updated pg. XXXX initialed by the XXXower and evidence of re-recording. (XXXX) Response 4 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8137781 | 2 of 3 | XXXX | XXXX | Credit | Income - Insufficient Documentation | XXXX | Income from XXXX in the amount of $XXXX monthly was used and is needed to qualify. The loan file contains XXXX years W2 (XXXX/XXXX) and year to date paystubs for XXXX. These are XXXX separate companies and the loan file does not contain sufficient documentation to fully verify this income. If the XXXower is an employee the loan file needs a VVOE and paystub for YTD income for XXXX. If the XXXower is self-employed the loan file is missing XXXX years business tax returns. Additional conditions may apply. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) W-XXXX Rebuttal 2 (XX/XX/XXXX XX:XXPM) see attached Rebuttal 3 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXPM) Still missing VVOE and current paystub from XXXX. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) A VVOE from XXXX is still required. (XXXX) Response 3 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8137781 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8131801 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8131801 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8131801 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8123469 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8123469 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8123469 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8122091 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8122091 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8122091 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8121203 | 1 of 2 | XXXX | XXXX | Compliance | HELOC Initial/Early Disclosure - Late | XXXX | The Initial HELOC Disclosure was not provided to the XXXower/s within XXXX business days of application. | Client | 2 | 2 | 2 | 2 | |||||
| XXXX | 8121203 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8137777 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8137777 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8137777 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8138559 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8138559 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8138559 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8123467 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8123467 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The loan file contains documentation indicating a XXXX% early termination fee if closed within the first XXXX months. Investor guidelines require a XXXX% early termination fee. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) we lowered the early termination fee to meet high-cost requirements. We haven’t had this issue yet with Notes on previous loans that they have reviewed. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8123467 | 3 of 3 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The loan file does not contain documentation supporting the XXXowers percentage of ownership in XXXX as used to validate qualifying income. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8121170 | 1 of 4 | XXXX | XXXX | Compliance | HELOC Brochure - Late | XXXX | There is no evidence in the file that the home equity brochure entitled What You Should Know About Home Equity Lines of Credit (or a suitable substitute) was provided to the XXXower within XXXX business days of application. Truth In Lending Act (Regulation Z) 12 CFR 1026.40(e) | Client | 2 | 2 | 2 | 2 | |||||
| XXXX | 8121170 | 2 of 4 | XXXX | XXXX | Compliance | HELOC Initial/Early Disclosure - Late | XXXX | The Initial HELOC Disclosure was not provided to the XXXower/s within XXXX business days of application. | Client | 2 | 2 | 2 | 2 | |||||
| XXXX | 8121170 | 3 of 4 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8121170 | 4 of 4 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8128644 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8128644 | 2 of 3 | XXXX | XXXX | Credit | Appraisal - Other | XXXX | The loan file contains a lender exception for rural property. Subject property is a rural property which requires a lender exception per guidelines. Determined non-material based on compensating factors (waived). | Waived | Not Applicable | Compensating factors: LTV less than XXXX% XXXX, 0x30 on credit report, and residual income over $XXXX. | 2 | 2 | 2 | 2 | |||
| XXXX | 8128644 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8137117 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8137117 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8137117 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8149203 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8149203 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8127896 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8127896 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - Loan Amount | XXXX | The loan file contains a lender exception for the loan amount not meeting the minimum allowable under the guidelines. Minimum loan amount is $XXXX and the loan amount is verified at $XXXX. Determined non-material based on compensating factors (waived). | Waived | Not Applicable | Compensating factors: qualifying FICO of XXXX, residual income of $XXXX, and 0x30 on credit report. | 2 | 2 | 2 | 2 | |||
| XXXX | 8127896 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8127899 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8127899 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8131804 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8131804 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8131804 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8134057 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8134057 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8134057 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8132179 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8132179 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8132179 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8132175 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8132175 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8127901 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8127901 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8127901 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8127898 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8127898 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8127898 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8134059 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8134059 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8134059 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8148422 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8148422 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8148422 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8137119 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8137119 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8137119 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8137116 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8137116 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8137116 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8132176 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8132176 | 2 of 3 | XXXX | XXXX | Credit | Appraisal - Other | XXXX | The matrix states an AVM may be used with a loan amount less then $XXXX if the confidence score is at lease XXXX%. The confidence score on the AVM provided is XXXX%. It is noted than the guidelines allow for a confidence score down to XXXX% for a XXXX. | Void | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Please review AVM |
Response 1 (XX/XX/XXXX XX:XXPM) Clear AVM of .XXXX is acceptable. (Void) |
1 | 1 | 3 | 1 | ||
| XXXX | 8132176 | 3 of 3 | XXXX | XXXX | Credit | Credit - Other | XXXX | The loan file is missing a Gap Credit Report or Soft pull Credit Report for XXXower XXXX as required per investor guidelines. The original credit report for XXXower XXXX is dated XX/XX/XXXX with a Note date of XX/XX/XXXX, investor guidelines require a Gap report to be pulled within XXXX days of the note date if the original credit report is greater than XXXX days at time of closing. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See Attached Rebuttal 2 (XX/XX/XXXX XX:XXPM) THIS IS THE LQI FOR THE XXXX-XXXOWER, XXX #XXXX Rebuttal 3 (XX/XX/XXXX XX:XXPM) See attached |
Response 1 (XX/XX/XXXX XX:XXPM) The soft pull is required for the co-XXXower. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Please provide the Soft Pull for XXXX. (XXXX) Response 3 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8128645 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8128645 | 2 of 3 | XXXX | XXXX | Credit | Income - Tax Transcripts Missing | XXXX | Tax Transcripts were not provided as required. Guidelines state tax transcripts are required to support the XXXX XXXX income for the XXXower. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See XXX guidelines as of MAY XXXX on page XXXX for XXXX employment. Transcripts are not required. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8128645 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8140484 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8140484 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8149202 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8149202 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8149202 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8152778 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8152778 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8128648 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8128648 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8144466 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8144466 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8144466 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8137774 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8137774 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8137780 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8137780 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The loan file contains documentation indicating the subject loan has a XXXX% early termination if the total line amounts is closed within the first XXXX months. Investor guidelines require XXXX%. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) XXXX lowered the early termination fee to meet high-cost requirements. We haven’t had this issue yet with Notes on previous loans that they have reviewed. |
Response 1 (XX/XX/XXXX XX:XXAM) Explanation received is sufficient. (Void) |
3 | 1 | 3 | 1 | ||
| XXXX | 8137780 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CDA provided and supports original appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8140486 | 1 of 3 | XXXX | XXXX | Compliance | State Testing - Prohibited Fees | XXXX | This loan failed the second XXXX prohibited fees test. (N.J.S.A. §XXXX:11C-XXXX, N.J.A.C. §§XXXX:XXXX-XXXX). The loan does charge fee(s) not provided for in this act, which is prohibited. A secondary lender shall not contract for a broker's or finder's fee; commission; expense; fine; penalty; premium; or any other thing of value other than the charges authorized by this act. This test includes the following fee: Mortgage Broker $XXXX. | Client | 2 | 2 | 2 | 2 | |||||
| XXXX | 8140486 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8140486 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8138560 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8138560 | 2 of 2 | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | The application lists significant debts that were not verified on the credit report and not independently verified. Full PITIA for reo at XXXX has not been verified. Provide mortgage statement or equivalent to verify taxes and insurance are escrowed. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) See attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8137775 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8137775 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8134055 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8134055 | 2 of 3 | XXXX | XXXX | Credit | Income - Other | XXXX | Bank statement income requires a minimum of XXXX months of bank statements to verify the income calculation per guidelines and only XXXX months of bank statements were provided. May XXXX statement is missing from the loan file and required to verify the figures on the income worksheet. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8134055 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8141996 | 1 of 3 | XXXX | XXXX | Compliance | HELOC Brochure - Missing | XXXX | There is no evidence in the file that the home equity brochure entitled What You Should Know About Home Equity Lines of Credit (or a suitable substitute) was provided to the XXXower. Truth In Lending Act (Regulation Z) 12 CFR 1026.40(e) | Client | 2 | 2 | 2 | 2 | |||||
| XXXX | 8141996 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8141996 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8140485 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8140485 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8140485 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8148425 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8148425 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8149200 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8149200 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8140482 | 1 of 5 | XXXX | XXXX | Compliance | Federal - HOEPA (High Cost)/Points & Fees | XXXX | The loan failed the high-cost mortgage (HOEPA) points and fees threshold test due to the following: The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The following points and fees were included in the calculation: Loan Discount Points $XXXX, Origination Compensation $XXXX, Processing $XXXX, Underwriting $XXXX, Document Preparation $XXXX and Termination Fee $XXXX. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXAM) Please advise if we are able to cure this and validate cure amount $XXXX. Rebuttal 2 (XX/XX/XXXX XX:XXPM) Provide a cure please. Rebuttal 3 (XX/XX/XXXX XX:XXPM) See attached Rebuttal 4 (XX/XX/XXXX XX:XXAM) see attached |
Response
1 (XX/XX/XXXX XX:XXPM) XXXX fails can be cured within XXXX days of discovery. The date of discovery is XX/XX/XXXX. The loan is above the threshold in the amount of $XXXX. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Please provide a LOE, a copy of the Refund check and proof of delivery for review. (XXXX) Response 3 (XX/XX/XXXX XX:XXPM) A copy of the refund check has been provided. Please provide a LOE and proof of delivery for review. (XXXX) Response 4 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 2 | 3 | 2 | ||
| XXXX | 8140482 | 2 of 5 | XXXX | XXXX | Compliance | HELOC Initial/Early Disclosure - Missing | XXXX | The loan file does not contain the initial HELOC disclosure. | 2 | 2 | 3 | 2 | ||||||
| XXXX | 8140482 | 3 of 5 | XXXX | XXXX | Compliance | State Disclosure - XXXX Consumer Caution and Home Ownership Counseling Notice/Missing | XXXX | The XXXX Consumer Caution and Home Ownership Counseling Notice is Missing. Required to be provided in connection with a Covered (High Cost) Loan. XXXX Covered Loan Law XXXX Fin. Code ' 4973(k) | Void | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX. |
Response 1 (XX/XX/XXXX XX:XXPM) Finding voided. (Void) |
1 | 1 | 3 | 2 | ||
| XXXX | 8140482 | 4 of 5 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 8140482 | 5 of 5 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 2 | |||||
| XXXX | 8136450 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8136450 | 2 of 2 | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | The application lists significant debts that were not verified on the credit report and not independently verified. The XXXower was qualified with combined monthly debt totaling $XXXX which included a monthly PITI payment of $XXXX with XXXX which was secured by the property located at XXXX. The loan file did not contain any documentation confirming this payment as required. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) see attached CD |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8142797 | 1 of 2 | XXXX | XXXX | Compliance | HELOC Brochure - Missing | XXXX | There is no evidence in the file that the home equity brochure entitled What You Should Know About Home Equity Lines of Credit (or a suitable substitute) was provided to the XXXower. Truth In Lending Act (Regulation Z) 12 CFR 1026.40(e) | Client | 2 | 2 | 2 | 2 | |||||
| XXXX | 8142797 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8137773 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8137773 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8137773 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8136451 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8136451 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8149197 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8149197 | 2 of 2 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | Per Lender's guides, the XXXower is required to provide a business narrative when being qualified with the P&L Statement program. The XXXower was qualified under the P&L Statement program, which requires a business narrative form. However, the loan file is missing the required form. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) The guidelines require a P&L program to have a CPA letter. Please review pg XXXX & XXXX of the guidelines. The CPA in this loan determined the Expense factor and the business narrative was not applicable. Please note this is Option #XXXX in the guidelines on page #XXXX - 8.3.1 CPA PREPARED PROFIT AND LOSS ONLY. The bank statement programs require a business narrative to determine the Expense factor. |
Response 1 (XX/XX/XXXX XX:XXPM) Explanation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8146701 | 1 of 2 | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The name of the Trust listed in the mortgage does not match the name of the Trust listed in the Trust documents. The date of the Trust is missing. Revocable trusts require a date. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXAM) see attached |
Response
1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8146701 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8137120 | 1 of 2 | XXXX | XXXX | Compliance | HUD1 - Missing (All) | XXXX | There is no evidence of a HUD-XXXX Settlement Statement provided in the loan file. As a result the following reviews could not be performed: TILA Accuracy, MDIA, XXXX, XXXX, QM XXXX, XXXX, XXXX, RESPA XXXX review, and final HUD-XXXX accuracy. Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.8(a) | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXAM) see attached |
Response
1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8137120 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8142800 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8142800 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8142800 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8141997 | 1 of 3 | XXXX | XXXX | Compliance | HELOC Brochure - Missing | XXXX | There is no evidence in the file that the home equity brochure entitled What You Should Know About Home Equity Lines of Credit (or a suitable substitute) was provided to the XXXower. Truth In Lending Act (Regulation Z) 12 CFR 1026.40(e). | Client | 2 | 2 | 2 | 2 | |||||
| XXXX | 8141997 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8141997 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8140483 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8140483 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8140483 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8146700 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8146700 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8153321 | 1 of 3 | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | The Trust under agreement date of XXXX on page XXXX and XXXower signature line on page XXXX of the Security Instrument, is inconsistent with the Trust Documents dated XXXX on page XXXX of the trust. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) Page XXXX - XXXX Dated his signature XX/XX/XXXX Page XXXX - Trust notarized on XX/XX/XXXX by XXXX XXXX - Trust shows dated XX/XX/XXXX as the write-up date page XXXX - Signed by all on XXXX/XXXX - XXXX didn&#XXXX;t date her signature |
Response
1 (XX/XX/XXXX XX:XXPM) The information provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8153321 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8153321 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8143703 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8143703 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8152775 | 1 of 2 | XXXX | XXXX | Compliance | State Testing - Prohibited Fees | XXXX | The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Discount Points. The loan fails the prohibited fees test by $XXXX. (XXXX XXXXXXXX §6122(a)) | Client | 2 | 2 | 2 | 2 | |||||
| XXXX | 8152775 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8140481 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8140481 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8138558 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8138558 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8149201 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8149201 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8151935 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8151935 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8151935 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8148423 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8148423 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8148423 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8152780 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8152780 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8146699 | 1 of 3 | XXXX | XXXX | Compliance | HELOC Initial/Early Disclosure - Missing | XXXX | The loan file does not contain the initial HELOC disclosure. | Client | 2 | 2 | 2 | 2 | |||||
| XXXX | 8146699 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8146699 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8151936 | 1 of 2 | XXXX | XXXX | Compliance | Rescission Test | XXXX | This loan failed the TILA right of rescission test. Closed-end (12 CFR §1026.23(a)(3), transferred from 12 CFR §226.23(a)(3)), Open-end (12 CFR §1026.15(a)(3), transferred from 12 CFR §226.15(a)(3)) The funding date, XX/XX/XXXX, is before the third business day following consummation, XX/XX/XXXX. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) see attached -loan funded XXXX |
Response
1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8151936 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8151934 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8151934 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8151934 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8153320 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8153320 | 2 of 2 | XXXX | XXXX | Credit | Program Parameters - Loan Amount | XXXX | The loan file contains a lender exception for the loan amount does not meet minimum allowable under the guidelines. Guidelines state minimum loan amount is $XXXX and the loan amount is verified at $XXXX. Determined non-material based on compensating factors (waived). | Waived | Not Applicable | Compensating factors: 0x30 on credit report, residual income of $XXXX, and qualifying FICO of XXXX. | 2 | 2 | 2 | 2 | |||
| XXXX | 8149198 | 1 of 3 | XXXX | XXXX | Compliance | ROR - Non-XXXower/Missing | XXXX | The file contains no evidence that the Right to Cancel was provided to the non-XXXowing title holder. | Resolved | Not Applicable | Rebuttal
1 (XX/XX/XXXX XX:XXPM) See attached |
Response
1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8149198 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8149198 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8148424 | 1 of 3 | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Client | 2 | 2 | 2 | 2 | |||||
| XXXX | 8148424 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8148424 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8153324 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8153324 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8153322 | 1 of 3 | XXXX | XXXX | Compliance | HELOC Initial/Early Disclosure - Missing | XXXX | The loan file does not contain the initial HELOC disclosure. | Client | 2 | 2 | 2 | 2 | |||||
| XXXX | 8153322 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8153322 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8152779 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8152779 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8064016 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8064016 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8064016 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8056148 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8056148 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8056148 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8093785 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8093785 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - Loan Amount | XXXX | The file contains a lender exception for loan amount does not meet minimum allowable under the guidelines. Minimum loan amount is $XXXX and loan amount is verified at $XXXX. (Waived) | Waived | Not Applicable | Compensating factors: qualifying FICO of XXXX, residual income of $XXXX, and lower DTI of XXXX%. | 2 | 2 | 2 | 2 | |||
| XXXX | 8093785 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 2 | 2 | |||||
| XXXX | 8088993 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8088993 | 2 of 3 | XXXX | XXXX | Credit | Program Parameters - Loan Amount | XXXX | The loan amount does not meet the minimum allowable under the guidelines. Minimum loan amount is $XXXX and loan amount is verified at $XXXX. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 8088993 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8123472 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8123472 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8103533 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8103533 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8132172 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8132172 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8132172 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8123473 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8123473 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8141995 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8141995 | 2 of 2 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 8142801 | 1 of 2 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 8142801 | 2 of 2 | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | Investor guidelines require a XXXX% penalty if terminated within the first XXXX months, the loan documentation indicates a XXXX% early termination fee if closed within the first XXXX months. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) XXXX lowered the early termination fee to meet high-cost requirements. We haven’t had this issue yet with Notes on previous loans that they have reviewed |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 |