Exhibit 99.06 - Schedule 2

Loan Number

Loan ID

Finding #

Last Name

Note Date

DD Start Date

DD Delivery Date

Audit Category

Audit Issue

Finding ID

Exception Finding

Remediation Status

Exception Rebuttal

Exception Response

Status Comment

Compensating Factors

SOL Expiration Date

Initial Findings Grade

Final Findings Grade

Initial Loan Grade

Final Loan Grade

XXXX

2170892

1 of 3

XXXX

Compliance

TRID - CD - $100 Tolerance Threshold/Non-Rescindable

XXXX

Testing for TILA Accuracy could not be completed through the XXXX tool due to XXXX missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Per our UW, XXXX is not required for this loan program.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
PCCD and XXXX attached.

Response 1 (XX/XX/XXXX XX:XXPM)
The information provided is not sufficient to clear the finding. The Final CD issued on XX/XX/XXXX indicates the borrower is being charged XXXX for XXXX years in the amount of $XXXX. (XXXX)?

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2170892

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2170892

3 of 3

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.

Cleared

XXXX

2159565

1 of 15

XXXX

Compliance

ARM Disclosure - Missing

XXXX

The file contains no evidence that the ARM Disclosure was provided to the borrower. Truth in XXXX (Regulation Z) 12 CFR 1026.19(b)(1)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ARM Disclosure attached.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2159565

2 of 15

XXXX

Compliance

FACTA Disclosure - Missing

XXXX

The FACTA Disclosure (Notice to Home Loan Applicant/Credit Information Disclosure) is missing.

Acknowledged

XXXX

2159565

3 of 15

XXXX

Compliance

HMDA - Government Monitoring

XXXX

The Government Monitoring (HMDA) is missing. Home Mortgage Disclosure Act (Regulation C) 12 CFR 1003.4(b) Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX

Acknowledged

XXXX

2159565

4 of 15

XXXX

Compliance

HOC - Missing

XXXX

The Homeownership Counseling Disclosure (HOC) is missing. Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.20(a)

Acknowledged

XXXX

2159565

5 of 15

XXXX

Compliance

Initial Escrow Statement - Missing

XXXX

The Initial Escrow Account Statement is missing a date. Unable to determine if it was received within XXXX calendar days after closing. Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.17(g), (h) The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2159565

6 of 15

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

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Title Policy attached.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2159565

7 of 15

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable

XXXX

Non- Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated after consummation, XX/XX/XXXX. If disclosure was delivered electronically evidence of receipt as well as the consumer's E-consent is required. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2159565

8 of 15

XXXX

Compliance

TRID - Loan Estimate/Missing

XXXX

There is no evidence of a complete Loan Estimate provided in the loan file. As a result testing for timing and tolerance could not be completed. CFPB Title XXXX, Part XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan Estimate attached.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2159565

9 of 15

XXXX

Credit

Appraisal - Appraisal Missing

XXXX

Missing required appraisal from file.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
In-House property evaluation done by bank when this loan closed. See attached.

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX does not appear to meet guidelines. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: As agreed pay history life of loan, current LTV of XXXX%, XXXX qualifying credit score, XXXX% DTI, $XXXX residual income

pay history life of loan, current LTV of XXXX%, XXXX qualifying credit score, XXXX% DTI, $XXXX residual income

XXXX

2159565

10 of 15

XXXX

Credit

Assets - Bank Statements

XXXX

the loan file is missing bank statements to verify the borrowers' funds required.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
No rebuttal being submitted.

Response 1 (XX/XX/XXXX XX:XXAM)
Finding remains. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

pay history life of loan, current LTV of XXXX%, XXXX qualifying credit score, XXXX% DTI, $XXXX residual income

XXXX

2159565

11 of 15

XXXX

Credit

Credit Report - Other

XXXX

Per Lender's guides, the borrowers are required to verify credit scores from XXXX repositories: XXXX, XXXX and XXXX. However, the credit report for the borrowers only reflects credit scores from XXXX. There are no other documentation to reflect scores from XXXX and XXXX as required.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Tri-merged credit reports were not pulled by the bank when this loan closed.

Response 1 (XX/XX/XXXX XX:XXPM)
Please provide a Tri-Merge report. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. XXXX% DTI. $XXXX per month residual income.

XXXX

2159565

12 of 15

XXXX

Credit

Final Application - Missing

XXXX

The Final application is missing as required by guides.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
No rebuttal being submitted.

Response 1 (XX/XX/XXXX XX:XXAM)
Finding remains. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

pay history life of loan, current LTV of XXXX%, XXXX qualifying credit score, XXXX% DTI, $XXXX residual income

XXXX

2159565

13 of 15

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2159565

14 of 15

XXXX

Credit

Title Commitment - Missing/Incomplete

XXXX

The title commitment/policy is missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Title Policy attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2159565

15 of 15

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
2nd AVM provided

Response 1 (XX/XX/XXXX XX:XXPM)
AVM provided supports the origination value within 10%. (Resolved)

XXXX

2159564

1 of 15

XXXX

Compliance

HOC - Missing

XXXX

The Homeownership Counseling Disclosure (HOC) is missing. Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.20(a)

Acknowledged

XXXX

2159564

2 of 15

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

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)

XXXX

2159564

3 of 15

XXXX

Compliance

TRID - CD - $35 Tolerance Threshold/Rescindable

XXXX

The loan failed the Rescission Finance Charge tolerance test. Per the special foreclosure rule under Regulation Z, for loans subject to the right of rescission the Finance Charge is considered inaccurate if the disclosed Finance Charge is understated by more than $XXXX. The final (last revised) CD issued on XX/XX/XXXX has a disclosed Finance Charge of $XXXX, which is less than the system calculated Finance Charge of $XXXX. The Finance Charge on the final CD is understated by $XXXX, which is more than the allowable tolerance of $XXXX. The following fees were included in the Finance Charge calculation: Origination Fee $XXXX, Underwriting Fee $XXXX, eRecording Fee $XXXX, and XXXX $XXXX. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. Additionally, rescission needs to be re-opened. Truth in XXXX (Regulation Z) 12 CFR 1026.23(h)(2)(i) The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2159564

4 of 15

XXXX

Compliance

TRID - CD - Closing Information/Settlement Agent info

XXXX

The CD issued on XX/XX/XXXX does not reflect the correct Settlement Agent name. Truth in XXXX (Regulation Z) 12 CFR 1026.38(a)(3)(iv)

Acknowledged

XXXX

2159564

5 of 15

XXXX

Compliance

TRID - CD - Total of Payments (TOP) Rescindable

XXXX

The loan failed the Rescission Total of Payments tolerance test. Per the special foreclosure rule under Regulation Z, for loans subject to the right of rescission the Total of Payments is considered inaccurate if the disclosed Total of Payments is understated by more than $XXXX. The final (last revised) CD issued on XX/XX/XXXX has a disclosed Total of Payments of $XXXX, which is less than the system calculated Total of Payments of $XXXX. The Total of Payments on the final CD is understated by $XXXX, which is more than the allowable tolerance of $XXXX. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2159564

6 of 15

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable

XXXX

Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: Without evidence of receipt, it is assumed that the disclosure dated XX/XX/XXXX was mailed, and therefore not received by the consumer XXXX business days prior to the consummation date, XX/XX/XXXX. If disclosure was delivered electronically, evidence of receipt as well as the consumer's E-consent is required. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2159564

7 of 15

XXXX

Compliance

TRID - Loan Estimate/Missing

XXXX

There is no evidence of a complete Loan Estimate provided in the loan file. As a result testing for timing and tolerance could not be completed. CFPB Title XXXX, Part XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan Estimate attached.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2159564

8 of 15

XXXX

Credit

Assets - Bank Statements

XXXX

The loan file is missing the required most recent bank statements covering a XXXX-month period for all accountson funds being used for cash to close and reserves.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
No rebuttal being submitted.

Response 1 (XX/XX/XXXX XX:XXAM)
Finding remains. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: As agreed pay history life of loan, current CLTV of XXXX%, XXXX qualifying credit score

pay history life of loan, current CLTV of XXXX%, XXXX qualifying credit score

XXXX

2159564

9 of 15

XXXX

Credit

Assets - Minimum Reserves

XXXX

Documentation to support sufficient reserves of $XXXX were not provided.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
No rebuttal being submitted.

Response 1 (XX/XX/XXXX XX:XXAM)
Finding remains. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: As agreed pay history life of loan, current CLTV of XXXX%, XXXX qualifying credit score

pay history life of loan, current CLTV of XXXX%, XXXX qualifying credit score

XXXX

2159564

10 of 15

XXXX

Credit

Credit Report - Other

XXXX

The loan file is missing a Tri-Merge credit report for the borrower.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Tri-merged credit reports were not pulled by the bank back when this loan closed in XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
Please provided a tri-merge credit report. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. XXXX% LTV.

XXXX

2159564

11 of 15

XXXX

Credit

FEMA

XXXX

The Property Condition Inspection reflecting the current condition of the property after appraisal date is missing.

Resolved

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX (XX/XX/XXXX XX:XXPM)
please see BPO showing property in good condition

Buyer Comment 2 (XX/XX/XXXX XX:XXPM)
please see BPO showing property in good condition

Buyer Comment 3 (XX/XX/XXXX XX:XXPM)
BPO property in good condition

XXXX

2159564

12 of 15

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2159564

13 of 15

XXXX

Credit

Income - Other

XXXX

The loan file is missing the required XXXX Year history of employment and income per guidelines including: XXXX days’ paystubs, W-2s covering XXXX Years, a verbal VOE, and XXXX years of compete personal tax returns.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
No rebuttal being submitted.

Response 1 (XX/XX/XXXX XX:XXAM)
Finding remains. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: As agreed pay history life of loan, current CLTV of XXXX%, XXXX qualifying credit score

pay history life of loan, current CLTV of XXXX%, XXXX qualifying credit score

XXXX

2159564

14 of 15

XXXX

Credit

Title Commitment - Missing/Incomplete

XXXX

The title commitment and policy is missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Title search attached as that is how the bank handled back when this file closed.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2159564

15 of 15

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. AVM provided and did not support. BPO provided and supports appraised value within 10%. As this was the second valuation product, per the rating agencies, this is graded an EV2.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
2nd AVM provided

Response 1 (XX/XX/XXXX XX:XXAM)
AVM provided did not support the origination value within 10%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
BPO provided and supports appraised value within 10%. As this was the second valuation product, per the rating agencies, this is graded an EV2.

XXXX (XX/XX/XXXX XX:XXAM)
BPO uploaded

XXXX

2159542

1 of 9

XXXX

Compliance

HOC - Missing

XXXX

The Homeownership Counseling Disclosure (HOC) is missing. Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.20(a)

Acknowledged

XXXX

2159542

2 of 9

XXXX

Compliance

TRID - 10% Tolerance Violation (No Valid COC)

XXXX

Additional Finding: XX/XX/XXXX. The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: XXXX . A cost to cure in the amount of $XXXX, XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2159542

3 of 9

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable

XXXX

Non-Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. If disclosure was delivered electronically, evidence of receipt as well as the consumers' E-consents are required. (12 CFR §1026.19(f)(1)(ii)) The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2159542

4 of 9

XXXX

Compliance

TRID - Loan Estimate/Missing

XXXX

There is no evidence of a complete Loan Estimate provided in the loan file. As a result, testing for timing and tolerance could not be completed. CFPB Title XXXX, Part XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan Estimate attached.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2159542

5 of 9

XXXX

Credit

Appraisal - Missing required 1004 D

XXXX

Missing required XXXX to validate the value for XXXX XXXX XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX appraisal attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2159542

6 of 9

XXXX

Credit

Contract - Missing

XXXX

The file contained no evidence of a properly executed sales contract for the subject property.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Sales contract attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2159542

7 of 9

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Flood cert attached.

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX property address does not match the subject property. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resoled)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating Factors; Agreed upon pay history life of loan, current LTV of XXXX%, XXXX qualifying credit score, $XXXX monthly residual income, $XXXX reserves, XXXX years job security

Buyer Comment 2 (XX/XX/XXXX XX:XXAM)
corrected flood cert

XXXX

2159542

8 of 9

XXXX

Credit

Program Parameters - LTV

XXXX

LTV is XXXX%. Subject approval states along with subject property value of $XXXX, additional value of XXXX XXXX XXXX is being used as collateral. The proposed loan amount is $XXXX yielding an LTC of XXXX% and LTV of XXXX%. Approval stated an appraisal for the primary residence was obtained, but was not provided for validation of value. Therefore values are not confirmed and the LTV is being based off subject only.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Both appraisals attached for your review.

Response 1 (XX/XX/XXXX XX:XXAM)
Should this loan be delivered as a cross collateral loan? Please advise. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Client reviewed and elects to waive. (waived)

Noted Compensating Factors; Agreed upon pay history life of loan, current LTV of XXXX%, XXXX qualifying credit score, $XXXX monthly residual income, $XXXX reserves, XXXX years job security.

XXXX

2159542

9 of 9

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value for the subject property.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
2nd AVM provided

Response 1 (XX/XX/XXXX XX:XXPM)
AVM provided supports the origination value within 10%. (Resolved)

XXXX

2175665

1 of 3

XXXX

Compliance

QM - Points and Fees

XXXX

The loan's points and fees exceed the Qualified Mortgage points and fees threshold. The loan's total points and fees were $XXXX, which exceeded: XXXX% of total loan amount. The following fees were included in the testing: Loan Discount fee $XXXX, Processing fee $XXXX, and XXXX fee $XXXX. If discount points and fees are bona-fide and excludable, provide undiscounted rate. Truth In Lending Act (Regulation Z) 12 CFR 1026.43(e)(2)(iii), (e)(3).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please see the encompass screenshot supporting the bona fide discount point that matched the XXXX report. Discount point rendered a fee below XXXX%

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2175665

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175665

3 of 3

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 CU score is XXXX.

Cleared

XXXX

2169662

1 of 7

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2169662

2 of 7

XXXX

Credit

Assets - Minimum Reserves

XXXX

The loan file contains $XXXX in verified funds and requires XXXX months reserves totaling $XXXX. The loan file is short $XXXX in verified funds. The business account was not utilized ($XXXX) as guidelines state a CPA letter mentioning access and use must be provided and the CPA letter provided does not mention the account which is currently not being utilized by the borrower. Cash out proceeds of $XXXX were not included as guidelines state they can only be utilized for reserves if the LTV is below XXXX% and the subject LTV is XXXX%.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Exception from XXXX allowing the XXXX% LTV and using the cash out proceeds to cover reserves.

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Compensating Factors: XXXX% DTI. XXXX. XXXX months of reserves.

XXXX

2169662

3 of 7

XXXX

Credit

Credit - Other

XXXX

The loan file contains a credit report dated XX/XX/XXXX with an updated pull completed XX/XX/XXXX and a note date of XX/XX/XXXX. Guidelines require a soft pull dated within XXXX calendar days if funding or undisclosed monitoring through the finding date.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
undisclosed monitoring

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2169662

4 of 7

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
HOI email confirming perils

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2169662

5 of 7

XXXX

Credit

Program Parameters - DTI

XXXX

The subject loan DTI of XXXX% does not meet Program Parameters for DTI of XXXX%. The loan file does not contain a Bank Statement calculation worksheet. Unable to determine how income at origination was calculated. The loan file contains XXXX personal account (XXXX #XXXX XX) and one business account (XXXX #XXXX XX). The loan file is missing XXXX and XXXX bank statements for both accounts. To utilize a personal account, XXXX months business statements are required to verify that income is coming from applicant business. While the loan file contains business assets the balances are not sufficient to cover the deposits into the personal account. Guidelines state if an applicant does not document a separate business account from which the utilized deposits originate the account will be underwritten as a business account per the comingled guidelines and will be treated as business accounts for the purpose of determining income. When the expense factor is applied DTI increases above approvable limits.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Exception from XXXX allowing the XXXX% LTV and using the cash out proceeds to cover reserves. Income worksheet allowing the use of personal statements to document business income. DTI was XXXX%

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Compensating Factors: XXXX% DTI. XXXX. XXXX months of reserves.

XXXX

2169662

6 of 7

XXXX

Credit

Program Parameters - LTV

XXXX

The subject property LTV of XXXX% does not meet the program eligibility guidelines of XXXX% for a cash-out refinance primary residence.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Exception from XXXX allowing the XXXX% LTV and using the cash out proceeds to cover reserves.

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Compensating Factors: XXXX% DTI. XXXX. XXXX months of reserves.

XXXX

2169662

7 of 7

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. CU Score XXXX.

Cleared

XXXX

2175663

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2175663

2 of 3

XXXX

Credit

Debts - Not Verified

XXXX

The application lists significant debts that were not verified on the credit report and not independently verified. The loan application reflects that the borrower owns a second home at XXXX with a $XXXX tax payment. The bank statement reflects a withdrawal on XX/XX/XXXX for "XXXX" (XXXX XXXX, XXXX) in the amount of $XXXX ($XXXX / XXXX = $XXXX); however, a copy of the tax statement to verify the actual amount along with a letter indicating that the property has no other debt is not present in the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
please see attached reo XXXX moose run tax bill

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2175663

3 of 3

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 CU score is XXXX.

Cleared

XXXX

2180020

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180020

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180020

3 of 3

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 support the original appraised value.

Cleared

XXXX

2180021

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180021

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180021

3 of 3

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.

Cleared

XXXX

2139727

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2139727

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2139727

3 of 3

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.

Cleared

XXXX

2185102

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2185102

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2185102

3 of 3

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.

Cleared

XXXX

2185098

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2185098

2 of 4

XXXX

Credit

Credit - Other

XXXX

Guidelines on documentation require ACH Form and voided check for automatic loan payment enrollment and is missing from the file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please see attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2185098

3 of 4

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please see attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2185098

4 of 4

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. File contains CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2137577

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137577

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137577

3 of 3

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.

Cleared

XXXX

2137576

1 of 3

XXXX

Compliance

Appraisal Notice - Missing

XXXX

There is no evidence the Borrower received The Notice of Right to Receive Copy of Appraisal within XXXX business days from application. Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX Truth In Lending Act (Regulation Z) [HPML] 12 CFR 1026.35(a),(c). Informational only

Acknowledged

XXXX

2137576

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137576

3 of 3

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.

Cleared

XXXX

2137573

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137573

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137573

3 of 3

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.

Cleared

XXXX

2182179

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The loan is a XXXX year fixed close-end product. The Open-end form was utilized for the Security Instrument when a Close-end form should have been used; however, the Security Instrument covers the correct debt and terms.

Acknowledged

XXXX

2182179

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182179

3 of 3

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 second appraisal which supports the appraised value of the property.

Cleared

XXXX

2182188

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182188

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182188

3 of 3

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.

Cleared

XXXX

2184654

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184654

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184654

3 of 3

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.

Cleared

XXXX

2184653

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184653

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184653

3 of 3

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.

Cleared

XXXX

2182187

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182187

2 of 5

XXXX

Credit

DSCR - Missing Entity Documentation

XXXX

Missing required business documentation per guidelines. The borrowing entity is XXXX, which is owned by XXXX and XXXX. The loan file did not contain the required following business documentation for XXXX and XXXX: Articles of Organization, Operating Agreement, and Certificate of Good Standing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Operating Agreements, State Formations, and COGS&#XXXX; for both requested entities.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Nested entities only require the Operating Agreement, State Formation, and COGS per investor guidelines.

Response 1 (XX/XX/XXXX XX:XXAM)
Still missing IRS Federal XXXX for both entities. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Resolved)

XXXX

2182187

3 of 5

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
-Binders attached showing the insurance policies are written on XXXX Special Form XXXX; regarding the perils covered -Declaration pages showing the entity name was updated to show the full name of the entity XXXX;

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2182187

4 of 5

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The evidence of insurance provided in the loan file is for a range of addresses and indicates commercial apartment policy type, rather than a single family attached property type for each cross collateralized address. Further, the policies provided do not specify the individual coverage and premium amounts. Evidence of insurance lists different address ranges with the same policy number; therefore, unable to definitively determine the coverage for each property. In addition, the evidence of insurance provided in the loan file all contained a named insured of XXXX; however, the borrowing entity is XXXX XXXX, XXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX. Commercial apartment policy type: These properties were built as structures with anywhere between XXXX-XXXX units per structure. Because of the design of the properties the insurance carrier insured each structure as one building that has even coverage for each unit within that structure. This is the reasoning for the &#XXXX;apartment&#XXXX; policy type shown on the EOIs. Each property on the subject loan is confirmed as a single-family residence. XXXX. Coverage and Premium Amounts: Attached you&#XXXX;ll find the insurance agent&#XXXX;s confirmation that the insurance coverages and premiums can be split evenly across each unit in that structure. Also attached is the insurance quote stating how many units exist in each insured structure (i.e. XXXX-XXXX has XXXX units; XXXX OW, XXXX OW, XXXX OW, XXXX OW, XXXX OW, and XXXX OW). The hazard coverage and total premium is split evenly across all units within a specific structure. XXXX. Policy Numbers: All properties are insured with the same carrier under one blanket policy do the policy number is the same on each EOI. Coverages and XXXX for each address range can be seen on the Declaration pages provided. XXXX. Entity Name: Update declaration pages attached showing the correct entity name.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2182187

5 of 5

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 CDAs, dated XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX and XX/XX/XXXX which support the appraised values.

Cleared

XXXX

2182177

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2182177

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182177

3 of 3

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.

Cleared

XXXX

2184655

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2184655

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184655

3 of 3

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.

Cleared

XXXX

2182178

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182178

2 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file is missing the required Real Estate Owned/Operated (REO) Schedule from the Borrower/Guarantor. It should be noted, REO was verified at audit with Background Report.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Borrower REO attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2182178

3 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The transaction is a Business Purpose loan and family members are not permitted to occupy the subject property. The lease agreement for the subject property reflects the tenant, XXXX has the same last name as the XXXX, XXXX. The loan file is missing an LOE or other documentation to support the Borrower is not related to the tenant.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX check on the borrower does not list XXXX; as a possible relative to our borrower, XXXX.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2182178

4 of 5

XXXX

Credit

Mortgage History - Missing/Incomplete

XXXX

The guidelines indicate, if the guarantor does not have an open/active mortgage for their primary residence on their credit report, guarantor must provide XXXX months mortgage statements or evidence the primary residence is owned free & clear (Final Hud-XXXX w/no loan or a release of mortgage). The loan file is missing XXXX months VOM for the Guarantors primary residence or Final Hud-XXXX w/no loan or a release of mortgage supporting the property is owned free & clear.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The borrower does have an open mortgage on his credit report from XXXX showing XXXX months of clean payment history.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Borrower has indicated to us the property located at XXXX Finchley is owned free and clear of all debt (LOE attached). Also attached is a XXXX report showing XXXX (borrower&#XXXX;s wife) purchased XXXX in XXXX for $XXXXk. There was never any debt taken out on the property since the last ownership transfer of the property which is confirmed with the XXXX report.

Response 1 (XX/XX/XXXX XX:XXPM)
Mortgage on credit report is secured by XXXX which is not the borrower's primary residence per file documentation. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2182178

5 of 5

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 appraised value.

Cleared

XXXX

2184656

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2184656

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184656

3 of 3

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.

Cleared

XXXX

2182181

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Thesecurity instrument was not completed accurately. The loan is a XXXX year fixedclose-end product. The Open-end form was utilized for the Security Instrumentwhen a Close-end form should have been used; however, the Security Instrumentcovers the correct debt and terms.

Acknowledged

XXXX

2182181

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182181

3 of 3

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.

Cleared

XXXX

2182180

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2182180

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182180

3 of 3

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.

Cleared

XXXX

2182183

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182183

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182183

3 of 3

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.

Cleared

XXXX

2184652

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2184652

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184652

3 of 3

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.

Cleared

XXXX

2182182

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2182182

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182182

3 of 3

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.

Cleared

XXXX

2182186

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2182186

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182186

3 of 3

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.

Cleared

XXXX

2182185

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182185

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182185

3 of 3

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.

Cleared

XXXX

2182184

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182184

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182184

3 of 3

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.

Cleared

XXXX

2184649

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184649

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184649

3 of 3

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.

Cleared

XXXX

2184650

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2184650

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184650

3 of 3

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.

Cleared

XXXX

2184651

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184651

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184651

3 of 3

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.

Cleared

XXXX

2185100

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2185100

2 of 4

XXXX

Credit

Assets - Other

XXXX

The guidelines indicate business assets are acceptable if XXXX% ownership of the business can be documented via XXXX's Operating Agreement. Business assets from XXXX were used for down payment, closing costs, and reserves. The Operating Agreement provided is not executed.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
operating agreement attached

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
please see signed OA.

Response 1 (XX/XX/XXXX XX:XXAM)
Still missing executed copy. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2185100

3 of 4

XXXX

Credit

Contract Addendum - Missing Signature(s)

XXXX

The contract addendum reflecting the Seller CC for $XXXX was not executed by the XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please see attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2185100

4 of 4

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 appraised value.

Cleared

XXXX

2185101

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The notary acknowledgement date is incorrectly listed as XX/XX/XXXX when the loan closed XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please see corrected notary page.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2185101

2 of 3

XXXX

Credit

Property - Currently Listed for Sale

XXXX

The subject appraisal reflected the subject property is currently listed for sale for $XXXX on XX/XX/XXXX. Investor guidelines required listing to be removed on or before the final Clear To Close.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Listing was removed, please see attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2185101

3 of 3

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.

Cleared

XXXX

2185099

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2185099

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2185099

3 of 3

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.

Cleared

XXXX

2137722

1 of 6

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

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached commitment.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2137722

2 of 6

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

This loan failed the prepayment test. The loan has a prepayment term that does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX months prepayment term, the loan has a XXXX month prepayment term. The loan fails the prepayment test by XXXX months. Borrower is an LLC.

Acknowledged

XXXX

2137722

3 of 6

XXXX

Credit

Appraisal - Appraisal Missing

XXXX

Missing required appraisal from file. The loan file does not contain an appraisal.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached appraisal and invoice.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2137722

4 of 6

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached email from the insurance agent confirming all perils.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2137722

5 of 6

XXXX

Credit

Title Commitment - Missing/Incomplete

XXXX

The title commitment/policy is missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached commitment.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2137722

6 of 6

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. No value supporting documentation was present in the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached XXXXn report.

Response 1 (XX/XX/XXXX XX:XXAM)
CDA provided and supports original appraised value. (Resolved)

XXXX

2135991

1 of 6

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2135991

2 of 6

XXXX

Credit

Appraisal - Other

XXXX

There are additional appraisal findings. Guidelines require a standard rating of the subject property (C1-C3) be reflected on the appraised value. The appraisal reflects rating as average. The CDA reflects the subject condition is C4. The subject property condition is ineligible.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Investor approved exception to C4. Please clear.

Response 1 (XX/XX/XXXX XX:XXAM)
Investor approved to waive based on compensating factors. (Waived)

Comp factors - XXXX, Reserves $XXXX & DSCR XXXX.

XXXX

2135991

3 of 6

XXXX

Credit

Assets - Cash to Close

XXXX

The file did not contain evidence the borrower had the proper amount of funds required to close. The final HUD reflects funds the borrower must bring to close was $XXXX. Including XXXX months reserves of $XXXX, required assets total $XXXX. The borrower's verified assets are $XXXX, which results in a shortage of funds to close $XXXX, reserves of $XXXX, and total shortage of $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached XXXX investment account statement which has > $XXXX which should cover the shortage.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2135991

4 of 6

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. The leases reflect a XXXX company (XXXX) and the file is missing the Property Management Agreement.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2135991

5 of 6

XXXX

Credit

Program Parameters - Property Type

XXXX

The subject loan does not meet Program Parameters for Property Type. Per guides, the minimum square footage for Attached and Detached SFR, PUD, and Townhome is XXXX, while condo is XXXX Ft. For the subject XXXX unit property Unit XXXX is XXXX ft and unit XXXX is XXXX ft.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
This property is not designated as a condo complex, but rather a multi-family (XXXX unit) residence. Per PPF guideline matrix, there is no separate minimum square footage requirement for XXXX-XXXX unit properties such as this one. Please waive.

Response 1 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Void)

XXXX

2135991

6 of 6

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 which supports the appraised value.

Cleared

XXXX

2135990

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2135990

2 of 5

XXXX

Credit

Appraisal - Other

XXXX

There are additional appraisal findings. Guidelines require a standard rating of the subject property (XXXX) be reflected on the appraised value. The appraisal reflects rating as average; therefore, unable to determine if rating acceptable for subject transaction which allows C1-C3. Additional conditions may apply.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Appraisal review noted C4 - appraiser&#XXXX;s notes state average condition as already mentioned but no major damage or issues that would compromise the integrity of the XXXX condition. Appraisal review attached.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
See attached exception approval from investor. Please clear.

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
Investor approved to waive.

Response 1 (XX/XX/XXXX XX:XXPM)
DVR does not address defect. Condition is C4. An Investor exception is required. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Investor approved to waive based on compensating factors. (Waived)

Comp factors - XXXX and DSCR XXXX.

XXXX

2135990

3 of 5

XXXX

Credit

Assets - Large Deposits/Unacceptable

XXXX

Recent large deposits were not adequately sourced and/or documented. The bank statement from XXXX reflects a large deposit of $XXXX on XX/XX/XXXX which exceeds XXXX% of the loan amount. Guidelines require sourcing of this deposit. As the balance of the account is only $XXXX, the deduction of this deposit would cause the assets to be insufficient to cover the required reserves is the amount of $XXXX. Additional conditions may apply. Noted, the statement is the borrowing entity business account with only XXXX month provided. Guidelines require XXXX months to determine if the single deposit exceeds XXXX months average deposit activity. In addition, it is further noted that cash out from another property may be used for reserves on this transaction if meets guidelines (subject transaction is part of a XXXX pack) and large deposit would not need to be sourced. A copy of the HUD from the refinance reflecting sufficient proceeds would be required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached statement from XXXX account, along with two settlement statements with cash out amounts that should indicate borrower has sufficient assets.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2135990

4 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. The leases reflect a XXXX company (XXXX). The loan file is missing the Property Management Agreement.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See attached prop management agreement.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2135990

5 of 5

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.

Cleared

XXXX

2137725

1 of 6

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137725

2 of 6

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached - zone X

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2137725

3 of 6

XXXX

Credit

Income - Missing or Incomplete Lease Agreement

XXXX

The leases reflect a XXXX company, XXXX. The file is missing the Property Management Agreement.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2137725

4 of 6

XXXX

Credit

Program Parameters - Loan Amount

XXXX

DSCR XXXX and a loan amount of $XXXX. Per the matrix, the minimum required loan amount is $XXXX for DSCR between XXXX and XXXX. Guideline not met.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
exception approval attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX. XXXX months of reserves.

XXXX

2137725

5 of 6

XXXX

Credit

Program Parameters - Other

XXXX

Guidelines require a standard rating of the subject property (XXXX) be reflected on the appraised value. The appraisal reflects rating as average; therefore, unable to determine if rating is acceptable for the subject transaction which allows C1-C3. Additional conditions may apply.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached GL exception approved by investor. Please clear.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
According to XXXXn review - their average condition is a C4 which fulfills the request of condition abiding by the C1-C6 scale. Per appraiser, there are no physical deficiencies that would affect the structural integrity of the property. Attached GL exception approves the C4 condition. Please reconsider and clear.

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
See attached - investor approved C4 condition

Response 1 (XX/XX/XXXX XX:XXPM)
Exception for average condition not provided. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
C4 is not acceptable per guidelines. Investor exception required. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX. XXXX months of reserves.

XXXX

2137725

6 of 6

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. File contains CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2135989

1 of 6

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2135989

2 of 6

XXXX

Credit

Appraisal - Other

XXXX

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX report has this property at C4 condition. See attached approval to this GL exception by the investor.

Response 1 (XX/XX/XXXX XX:XXAM)
Lender approved to waive based on compensating factors. (Waived)

Comp factors - XXXX, Reserves $XXXX and DSCR XXXX.

XXXX

2135989

3 of 6

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. The leases reflect a XXXX company (XXXX). The loan file is missing the Property Management Agreement.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached prop management agreement

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2135989

4 of 6

XXXX

Credit

Income - Missing or Incomplete Lease Agreement

XXXX

Missing Lease agreement or not complete per guidelines. Lease agreement for unit XXXX is missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached lease for unit XXXX.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2135989

5 of 6

XXXX

Credit

Mortgage History - Missing/Incomplete

XXXX

The mortgage history in the loan file was incomplete or missing. The file is missing the VOM for the loan being paid off with subject transaction.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached VOM.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2135989

6 of 6

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. The CDA reflected an appraised value of $XXXX and a CDA review value of $XXXX; however, the appraised value per the appraisal is $XXXX and is the value used for the LTV determination. As a result the actual variance is $XXXX or XXXX%. A corrected CDA is required which supports the value of $XXXX.

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached XXXX report.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
See updated XXXX report with correct value + A grade

Response 1 (XX/XX/XXXX XX:XXPM)
The same product was provided in rebuttal. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Additional secondary valuation product supported. Downgraded to EV2 rating. (Acknowledged)

XXXX

2100409

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2100409

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

Loan exception provided for owning an additional property other than departing home. Determined non-material based upon compensating factors (waived).

Waived

Compensating factors: XXXX vs minimum required XXXX; reserves XXXX months vs required XXXX months.

XXXX

2100409

3 of 3

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. UCDP with acceptable CU score provided.

Cleared

XXXX

2100410

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2100410

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100410

3 of 3

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. AVM provided and supported original appraised value.

Cleared

XXXX

2100411

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2100411

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100411

3 of 3

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. AVM provided and supported original appraised value.

Cleared

XXXX

2100413

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2100413

2 of 3

XXXX

Credit

FEMA

XXXX

XXXX completed reflecting a declared disaster after appraisal date. FEMA Declaration declared XX/XX/XXXX for XXXX Severe Storms, Tornadoes, And Flooding (XX-XXXX-XXXX) an incident date of XX/XX/XXXX-XX/XX/XXXX which is after original appraisal date of XX/XX/XXXX. Please provide Property Inspection to confirm no damage for the subject property.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PDI provided.

Response 1 (XX/XX/XXXX XX:XXPM)
PDI reflects No Damage. (Resolved)

XXXX

2100413

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100414

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2100414

2 of 3

XXXX

Credit

FEMA

XXXX

FEMA Declaration declared XX/XX/XXXX for XXXX Wildfires and Straight-line Winds [XX-XXXX - XXXX] with an incident period of XX/XX/XXXX - XX/XX/XXXX which is after the original appraisal date XX/XX/XXXX. Please provide Property Inspection to confirm no damage.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PDI provided.

Response 1 (XX/XX/XXXX XX:XXPM)
PDI reflects No Damage. (Resolved)

XXXX

2100414

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100415

1 of 3

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, Total of Payments, Federal and State threshold accuracy could not be completed through the compliance tool . The Index Rate provided in the loan file was not available within the XXXX day look-back period.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
index data attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100415

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100415

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100416

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2100416

2 of 3

XXXX

Credit

FEMA

XXXX

FEMA Declaration declared XX/XX/XXXX for XXXX Severe Storms, Straight-line Winds, Tornadoes, and Flooding [XX-XXXX-XXXX] with an incident period of XX/XX/XXXX and through XX/XX/XXXX. Please provide Property Inspection to confirm no damage.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
PDI Provided.

Response 1 (XX/XX/XXXX XX:XXAM)
PDI provided and no damage. (Resolved)

XXXX

2100416

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100417

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2100417

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100417

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100418

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2100418

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100418

3 of 3

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. AVM provided and supported original appraised value.

Cleared

XXXX

2100420

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2100420

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100420

3 of 3

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. AVM provided and supported original appraised value.

Cleared

XXXX

2100421

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX; XXXX. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100421

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100421

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100422

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2100422

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100422

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100423

1 of 3

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, Total of Payments, Federal and State threshold accuracy could not be completed through the compliance tool. The Index Rate provided in the loan file was not available within the XXXX day look-back period.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
index data attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100423

2 of 3

XXXX

Credit

FEMA

XXXX

XXXX completed reflecting a declared disaster after appraisal date. XXXX declared XX/XX/XXXX for XXXX Severe Storms, Flooding, XXXX, and Mudslides (XX-XXXX-XXXX) with incident dates of XX/XX/XXXX-XX/XX/XXXX. Further, XXXX declared XX/XX/XXXX for XXXX Severe Storm, Flooding, XXXX, And XXXX (XX-XXXX-XXXX) with incident dates of XX/XX/XXXX-XX/XX/XXXX which is after original appraisal date of XX/XX/XXXX. Please provide Property Inspection to confirm no damage for the subject property.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
PDI Provided.

Response 1 (XX/XX/XXXX XX:XXAM)
Property Inspection provided and no damage. (Resolved)

XXXX

2100423

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100424

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2100424

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100424

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100425

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2100425

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100425

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100426

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2100426

2 of 3

XXXX

Credit

Income - Other

XXXX

There are additional employment/income findings. Guidelines require a YTD balance sheet for the borrower's income type. This is required and missing from the loan file.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
YTD Balance sheet requirement was waived by underwriter/credit risk officer. XXXX signed P&L was obtained, XXXX and XXXX business return Schedule L&#XXXX;s reflect only cash for this service-based business. DTI is ~XXXX points below program maximum.

Response 1 (XX/XX/XXXX XX:XXPM)
Please provide UW Balance Sheet exception. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Client request to waive based on compensating factors. (Waived)

Comp factors - XXXX, DTI XXXX and reserves of $XXXX.

XXXX

2100426

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100430

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects Lender under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX, XXXX. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100430

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100430

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2133335

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2133335

2 of 5

XXXX

Credit

Appraisal - Other

XXXX

There are additional appraisal findings. XXXX does not indicate the property rights appraised on page 1 (i.e. Fee Simple or XXXX).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX stating this is fee simple (#XXXX)

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Updated appraisal with XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
The Appraisal and Title must match. Please have appraisal corrected. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficiently. (Resolved)

XXXX

2133335

3 of 5

XXXX

Credit

DSCR - Missing Entity Documentation

XXXX

Missing required business documentation per guidelines. The certificate of formation (articles of organization) is missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Article of Organization

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2133335

4 of 5

XXXX

Credit

Income - Missing or Incomplete Lease Agreement

XXXX

Missing Lease agreement or not complete per guidelines. The lease agreement for unit A is missing from the loan file. The deposit and rent receipt checks are present in the loan file for $XXXX each; however, the actual lease agreement is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
This two unit property was only half occupied. XXXX was vacant at the time of closing this loan

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Attached LOX

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
Tenant that was occupying the unit had the leaserun and out and moved out. Unit was vacant at time of closing.

Response 1 (XX/XX/XXXX XX:XXAM)
Rent and deposit checks are present for both Unit A and XXXX (Upheld)

Response 2 (XX/XX/XXXX XX:XXPM)
XXXX reflects both Units areTenant Occupied and for Unit A rent amount of $XXXX. There are two checks infile dated XXXX.XXXX and XXXX.XXXX5 for $XXXX. Looks like those are from the priortenant. LOE in file that that XXXX move out XXXX.XXXX and would have a newTenant for XXXX. XXXX and loan closed XX/XX/XXXX. Guidelines allow for one unit to be vacanton a refi at origination. Based on guideline and LOE this makes sense. (Resolved)

XXXX

2133335

5 of 5

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.

Cleared

XXXX

2133337

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2133337

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2133337

3 of 3

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.

Cleared

XXXX

2137452

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137452

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. The subject loan does not meet Program Parameters for minimum DSCR equal to or greater than XXXX. The DSCR for the subject transaction was XXXX%.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Our calculations states (PITIA) 22XXXX/XXXX Property Income) =XXXX please waive this exception

Response 1 (XX/XX/XXXX XX:XXPM)
$XXXX per month rental from lease was used. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
XXXX reviewed and elects to waive. Noted Compensating factors: XXXX qualifying credit score, experienced investor, $XXXX monthly residual income

XXXX. XXXX% LTV. Experienced Investor.

XXXX

2137452

3 of 3

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.

Cleared

XXXX

2133334

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2133334

2 of 3

XXXX

Credit

Borrower - (EAD) Risk Category

XXXX

The Borrower is not a US Citizen and provided an Employment Authorization Document (EAD) with a Category of C14 indicating that the Borrower is an XXXX or under suspended deportation orders.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
This deal is structured as a Foreign National.

Response 1 (XX/XX/XXXX XX:XXPM)
Explanation received is sufficient. (Resolved)

XXXX

2133334

3 of 3

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.

Cleared

XXXX

2129325

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2129325

2 of 3

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
On the HOI policy it states at the bottom of the Property/Personal Liability Coverages it has AOP which is "All other Perils"

Response 1 (XX/XX/XXXX XX:XXPM)
Explanation received is sufficient. (Void)

XXXX

2129325

3 of 3

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 file contains a CDA, dated XX/XX/XXXX, that supports the value.

Cleared

XXXX

2133348

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2133348

2 of 3

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Agent confirming HOI policy

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2133348

3 of 3

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, datedXX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2137446

1 of 3

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

This loan failed the prepayment test. The loan has a prepayment term does not conform to the State Regulations where the property is located. The state 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. Borrower is an LLC.

Acknowledged

XXXX

2137446

2 of 3

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
agent confirmation

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2137446

3 of 3

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.

Cleared

XXXX

2129380

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2129380

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2129380

3 of 3

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.

Cleared

XXXX

2137442

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137442

2 of 3

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Updated Dec page

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2137442

3 of 3

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 value.

Cleared

XXXX

2129395

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2129395

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2129395

3 of 3

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.

Cleared

XXXX

2133349

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2133349

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2133349

3 of 3

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.

Cleared

XXXX

2100431

1 of 4

XXXX

Compliance

Note - Missing

XXXX

The Note is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100431

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100431

3 of 4

XXXX

Credit

FEMA

XXXX

XXXX completed reflecting a multiple declared disasters after appraisal date of XX/XX/XXXX. Please provide Property Inspection to confirm no damage.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
PDI provided.

Response 1 (XX/XX/XXXX XX:XXAM)
Property Inspection provided and no damage. (Resolved)

XXXX

2100431

4 of 4

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. AVM provided and supported original appraised value.

Cleared

XXXX

2100432

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee where 'compensation to' reflects either 'Lender or Broker' under Section B - Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX: Tax Service. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100432

2 of 3

XXXX

Credit

FEMA

XXXX

XXXX declared XX/XX/XXXX for XXXX Severe Storms, Straight Line Winds, and Tornadoes [XX-XXXX-XXXX] with an incident period of XX/XX/XXXX – XX/XX/XXXX which is after the original appraisal date XX/XX/XXXX. Please provide Property Inspection to confirm no damage.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PDI provided.

Response 1 (XX/XX/XXXX XX:XXPM)
PDI reflects No Damage. (Resolved)

XXXX

2100432

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100434

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX, Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100434

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100434

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100435

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100435

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100435

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100435

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100436

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects Lender under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX, Tax Service Fee $XXXX. However, this fee should not be retained by the lender. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100436

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100436

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100437

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100437

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee where 'compensation to' reflects either 'Lender or Broker' under Section B - Services Borrower Did Not Shop For of the revised PCCD issued on XX/XX/XXXX: Tax Service. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100437

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100437

4 of 4

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. AVM provided and supported original appraised value.

Cleared

XXXX

2100438

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
index data attached

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
attaching correct index data

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is not sufficient to clear the finding. The index provided, XXXX, is outside the XXXX-day lookback period. The loan closed on XX/XX/XXXX. The lookback period is XX/XX/XXXX-XX/XX/XXXX. For accurate testing, an index within the XXXX-day lookback period is required. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100438

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects 'Lender' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100438

3 of 4

XXXX

Credit

Credit Report - Inquiries

XXXX

Guidelines require explanation of inquiries within XXXX days of the credit report date. The credit report dated XX/XX/XXXX shows a recent inquiry with XXXX on XX/XX/XXXX that was not addressed as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Attaching Credit Inquiry letter

Response 1 (XX/XX/XXXX XX:XXPM)
Doc provided as required. (Resolved)

XXXX

2100438

4 of 4

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. AVM provided and supported original appraised value.

Cleared

XXXX

2100439

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100439

2 of 3

XXXX

Credit

FEMA

XXXX

XXXX completed reflecting a declared disaster after appraisal date. FEMA Declaration declared XX/XX/XXXX for XXXX Hurricane Beryl with an incident period of XX/XX/XXXX - XX/XX/XXXX which is after the original appraisal date of XX/XX/XXXX. Please provide Property Inspection to confirm no damage.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PDI provided.

Response 1 (XX/XX/XXXX XX:XXPM)
PDI reflects No Damage. (Resolved)

XXXX

2100439

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100441

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100441

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100441

3 of 4

XXXX

Credit

FEMA

XXXX

FEMA Declaration declared XXXX/XXXX//XXXX for XXXX Tornados [XX-XXXX-XXXX] with an incident period of XX/XX/XXXX which is after the original appraisal date XX/XX/XXXX. Please provide Property Inspection to confirm no damage.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PDI provided.

Response 1 (XX/XX/XXXX XX:XXPM)
PDI reflects No Damage. (Resolved)

XXXX

2100441

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100442

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
index data attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100442

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100442

3 of 4

XXXX

Credit

FEMA

XXXX

FEMA Declaration declared XX/XX/XXXX for XXXX Severe Storms and Flooding (XX-XXXX-XXXX)] with an incident period of XX/XX/XXXX-XX/XX/XXXX which is after the original appraisal date XX/XX/XXXX. Please provide Property Inspection to confirm no damage.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
PDI provided.

Response 1 (XX/XX/XXXX XX:XXAM)
Property Inspection provided and no damage. (Resolved)

XXXX

2100442

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100443

1 of 5

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100443

2 of 5

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX, Tax Service. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100443

3 of 5

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Transfer Taxes, CD XX/XX/XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2100443

4 of 5

XXXX

Credit

Assets - Minimum Reserves

XXXX

Sufficient reserves to meet underwriting requirements and PITI were not verified in the file. The borrower was required to evidence XXXX months reserves, which is the equivalent of $XXXX in reserves. This is in addition to the requirement of $XXXX in funds to close, prepaid items and earnest money deposit. Therefore, the borrower was required to evidence a total of $XXXX in funds for the subject transaction. The loan file only contained evidence of $XXXX in qualifying assets, $XXXX of which were gift funds. As a result, there is a $XXXX shortage in verified assets.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See attached documentation for additional assets and clarification. Reserves were short by a nominal amount and we made an exception for that.

Response 1 (XX/XX/XXXX XX:XXPM)
Additional assets provided and breakdown of asset calculation. Client reflects a shortage of $XXXX which is correct. Request to waive based on compensating factors. (Waived)

Comp factors - XXXX and no revolving or consumer late payments reflected on credit report.

XXXX

2100443

5 of 5

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. UCDP with acceptable score provided.

Cleared

XXXX

2100444

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
index data attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100444

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100444

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The guidelines indicate a copy of the applicant’s state issued acknowledgement, such as a current medical license or equivalent, is required to document eligibility to practice in the state of their current employment. The loan file is missing a copy of the Borrower's professional license.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached medical license

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2100444

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100445

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100445

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100445

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100446

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX, Tax Service. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100446

2 of 3

XXXX

Credit

FEMA

XXXX

FEMA Declaration declared XXXX for XXXX Severe Winter Storms, Tornadoes, Flooding, XXXX, and XXXX (XX-XXXX-XXXX) with an incident period of XXXX - XXXX which is after the original appraisal date XX/XX/XXXX. Please provide Property Inspection to confirm no damage.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PDI provided.

Response 1 (XX/XX/XXXX XX:XXPM)
PDI reflects No Damage. (Resolved)

XXXX

2100446

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100448

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
index data attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100448

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100448

3 of 4

XXXX

Credit

FEMA

XXXX

FEMA Declaration declared XXXX for XXXX Severe Storms, Straight-line Winds, Tornadoes, Flooding, XXXX, and XXXX (XX-XXXX-XXXX) with an incident period of XXXX - XXXX which is after the original appraisal date XX/XX/XXXX. Please provide Property Inspection to confirm no damage. XXXX declared XXXX for XXXX Severe Storms, Straight-line Winds, Tornadoes, XXXX, and XXXX (XX-XXXX-XXXX) with an incident period of XXXX which is after the original appraisal date XX/XX/XXXX. Please provide Property Inspection to confirm no damage.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PDI provided.

Response 1 (XX/XX/XXXX XX:XXPM)
PDI reflects No Damage. (Resolved)

XXXX

2100448

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100449

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B - Services Borrower Did Not Shop For on the revised CD issued on XX/XX/XXXX. Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100449

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100449

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100451

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100451

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100451

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100452

1 of 8

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
index data attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100452

2 of 8

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)

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Concur with finding

Response 1 (XX/XX/XXXX XX:XXAM)
Client agrees. Exception remains. (XXXX)

XXXX

2100452

3 of 8

XXXX

Compliance

TRID - 10% Tolerance Violation (Disclosure Timing Fail)

XXXX

The loan failed the charges that in total cannot increase more than XXXX% test. Because the loan failed the Initial LE date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following additions/increases: Title - Closing Protection Letter, Title - Lender's Title Insurance, Title - Settlement Fee and Recording Fees. A cost to cure in the amount of $XXXX is required. The violation may be cured if documentation is provided showing the disclosure was delivered timely. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2100452

4 of 8

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100452

5 of 8

XXXX

Compliance

TRID - Initial LE/Delivery Date (from application)

XXXX

The loan failed the Initial Loan Estimate delivery date test (from application). The Initial LE issued on XX/XX/XXXX was not disclosed within XXXX days of the application date, XX/XX/XXXX. Truth in XXXX (Regulation Z) 12 CFR 1026.19(e)(1)(iii)(A). The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2100452

6 of 8

XXXX

Compliance

TRID - Zero Tolerance Violation (Disclosure Timing Fail)

XXXX

The loan failed the charges that cannot increase test. Because the loan failed the Initial LE date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following additions/increases: Processing Fees, Underwriting Fees, XXXX, Credit Report Fee, Flood Certification, Flood Life of Loan, MERS Fee, Tax Service, Tax Transcripts, Written Verification of Employment and Transfer Taxes. A cost to cure in the amount of $XXXX is required. The violation may be cured if documentation is provided showing the disclosure was delivered timely. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2100452

7 of 8

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100452

8 of 8

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. AVM provided and supported original appraised value.

Cleared

XXXX

2100453

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100453

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100453

3 of 4

XXXX

Credit

Income - Other

XXXX

The borrowers' incomes at origination were calculated using their offer letters for new employments. The loan file contained the offer letters for both borrowers; however, both offer letters were illegible. In addition, per the guidelines for future income, the file must contain one of the following: paystub, written VOE, or a third party employment verification supporting the income used for qualifying. The file is missing the required documentation.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Legible Employment letters attached. Paystub/WVOE guideline waived. Compensating factor: Rerves in excess of program requirements.

Response 1 (XX/XX/XXXX XX:XXPM)
Please provide XXXX to exclude WVOE/Paystub. (Upheld)

Response 2 (XX/XX/XXXX XX:XXAM)
Upon further review client has requested to waive based on compensating factors. (Waived)

Comp factors - XXXX and Reserves of $XXXX.

XXXX

2100453

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100454

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
index data attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100454

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100454

3 of 4

XXXX

Credit

FEMA

XXXX

FEMA Declaration declared XX/XX/XXXX for XXXX Severe Storms, Straight Line Winds, and Tornadoes [XX-XXXX-XXXX] with an incident period of XX/XX/XXXX - XX/XX/XXXX, and also declared on XX/XX/XXXX for XXXX Severe Storms, Straight-line Winds, Tornadoes, and Flooding [XX-XXXX-XXXX] with an incident period of XX/XX/XXXX - XX/XX/XXXX, which is after the original appraisal date XX/XX/XXXX. Please provide Property Inspection to confirm no damage.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PDI provided.

Response 1 (XX/XX/XXXX XX:XXPM)
PDI reflects No Damage. (Resolved)

XXXX

2100454

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100455

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100455

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100455

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100456

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
index data attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100456

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service paid to the Lender. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100456

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100456

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100457

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX, Tax Service. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100457

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100457

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100458

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX, Tax Service. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100458

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100458

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100459

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
index data attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100459

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100459

3 of 4

XXXX

Credit

FEMA

XXXX

XXXX completed reflecting a declared disaster after appraisal. FEMA disaster XXXX Hurricane Milton (XX-XXXX-XXXX) has a declaration date of XX/XX/XXXX which is after the appraisal date of XX/XX/XXXX. Provide property inspection to confirm no damage.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
PDI Provided.

Response 1 (XX/XX/XXXX XX:XXAM)
PDI provided and no damage. (Resolved)

XXXX

2100459

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100460

1 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX (Version XXXX), Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100460

2 of 4

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable

XXXX

Non- Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2100460

3 of 4

XXXX

Credit

Assets - Other

XXXX

There are additional asset findings. The asset documentation for the Annuity and the checking account was not clearly legible and the annuity did not reflect a full XXXX months verification as required per the guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached legible statements for XXXX and XXXX. Note XXXX is a quarterly statement, with XXXX months of activity.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2100460

4 of 4

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. AVM provided and supported original appraised value.

Cleared

XXXX

2100461

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects Lender under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX, Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100461

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100461

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100462

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100462

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100462

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100463

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100463

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100463

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100463

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100464

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100464

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100464

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100466

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100466

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100466

3 of 3

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. AVM provided and supported original appraised value.

Cleared

XXXX

2100467

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100467

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100467

3 of 4

XXXX

Credit

Assets - Bank Statements

XXXX

The total funds for closing and reserves were $XXXX. The total assets required included an EMD check of $XXXX and gift funds of $XXXX. The investor guidelines required XXXX months of current bank statements and 401k statements to support the required funds. XXXX account #XXXX statements for Feb – April XXXX, XXXX account # XXXX statements for March thru April and XXXX/UPMC 401k were provided. All statements had illegible pages. Legible copies of all statements to be provided to support the required funds, including proof of the EMD clearing and the deposit or transfer of the gift funds to the borrower’s account.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Asset statements and gift docs - uploaded legible copies

Response 1 (XX/XX/XXXX XX:XXAM)
Legible copies of asset statements provided to include proof or EMD clearing and gift funds received and deposited. (Resolved)

XXXX

2100467

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100468

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100468

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100468

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100468

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100469

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100469

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100469

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100469

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100471

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100471

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100471

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100472

1 of 5

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100472

2 of 5

XXXX

Compliance

Note - Missing

XXXX

The Note is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100472

3 of 5

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100472

4 of 5

XXXX

Credit

FEMA

XXXX

FEMA Declaration declared XX/XX/XXXX for XXXX Hurricane Milton [XX-XXXX-XXXX] with an incident period of XX/XX/XXXX and continuing thru XX/XX/XXXX, which is after the original appraisal date XX/XX/XXXX. Please provide Property Inspection to confirm no damage.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
PDI Provided.

Response 1 (XX/XX/XXXX XX:XXAM)
PDI provided and no damage. (Resolved)

XXXX

2100472

5 of 5

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. UCDP with acceptable score provided.

Cleared

XXXX

2100474

1 of 4

XXXX

Compliance

TRID - CD - $100 Tolerance Threshold/Non-Rescindable

XXXX

The loan failed the TILA Finance Charge tolerance test. Per Regulation Z, the Finance Charge is considered inaccurate if the disclosed Finance Charge is understated by more than $XXXX. The final (last revised) CD issued on XX/XX/XXXX has a disclosed Finance Charge of $XXXX, which is less than the system calculated Finance Charge of $XXXX. The Finance Charge on the final CD is understated by $XXXX which is more than the allowable tolerance of $XXXX. The following fees were included in the Finance Charge calculation: Title - Title Insurance Services $XXXX, Title - Closing Protection Fee $XXXX, Title -Electronic Delivery $XXXX, Title - Recording Services $XXXX, XXXX, MERS Registration Fee $XXXX, Prepaid Interest $XXXX, Processing Fee $XXXX, Settlement Fee $XXXX, Tax Service Fee $XXXX, XXXX Fee $XXXX, Title - Coordination Fee $XXXX, Title - State Policy Fee $XXXX, Title - Overnight Fee $XXXX, Underwriting Fee $XXXX, Verification of Employment $XXXX, and XXXX Fee $XXXX. The index used for testing is XXXX%. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2100474

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100474

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100474

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100475

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100475

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX, Tax Service. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100475

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100475

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100476

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100476

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100476

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100477

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100477

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100477

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100479

1 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects Lender under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX . Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100479

2 of 4

XXXX

Compliance

TRID - LE/Revised Delivery Date (after issue of CD)

XXXX

The loan failed the Revised Loan Estimate delivery date test (after issuance of Closing Disclosure). The Revised Loan Estimate issued on XX/XX/XXXX was issued after providing the Closing Disclosure issued on XX/XX/XXXX. Truth in XXXX (Regulation Z) 12 CFR 1026.19(e)(4)(ii). The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2100479

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100479

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100480

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100480

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX, Tax Service. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100480

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100480

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100481

1 of 3

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100481

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100481

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100482

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100482

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX, Tax Service. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100482

3 of 4

XXXX

Credit

Income - Other/Missing

XXXX

The qualifying income was from projected income from new employment for the borrower with XXXX to begin post closing on XX/XX/XXXX. The investor guidelines required either paystub, written VOE or a third party employment verification supporting the income used for qualifying the borrower. Required documentation was not provided.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Uploaded Income Docs

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Client request to waive.

Response 1 (XX/XX/XXXX XX:XXPM)
Still missing one of the following for new employment: Paystub, Written VOE, or Third Party Confirmation of Employment for new job. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Client request to waive based on compensating factors. (Waived)

Comp factors - XXXX & Reserves of $XXXX.

XXXX

2100482

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100484

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX, Tax Service. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100484

2 of 3

XXXX

Credit

Income - Other/Missing

XXXX

The qualifying income was from projected income from new employment with XXXX to begin post closing on XX/XX/XXXX. The investor guidelines required either paystub, written VOE or a third party employment verification supporting the income used for qualifying the borrower. Required documentation was not provided.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Uploaded Income Docs

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Client request to waive.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation provided only supports previous employment and a firm offer of future employment. Still missing one of the following for new employment: Paystub, Written VOE, or Third Party Confirmation of Employment for new job. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Client request to waive based on compensating factors. (Waived)

Comp factors - XXXX, DTI XXXX and Reserves of $XXXX.

XXXX

2100484

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100485

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100485

2 of 3

XXXX

Credit

Appraisal - Appraisal Missing

XXXX

The loan file is missing the appraisal including all addendums and photos.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2100485

3 of 3

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. AVM provided and supported original appraised value.

Cleared

XXXX

2100530

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100530

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

TRID - CD - Section B incorrect payee. The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX, Tax Service. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100530

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100530

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100490

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100490

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100490

3 of 4

XXXX

Credit

Debts - Not Verified

XXXX

The Originator used the first tier payments of the borrowers' student loan accounts to qualify. The student loan statements used to determine the first tier payments were missing from the file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Student loans are noted as deferred, underwriter utilized .XXXX% of current balance to calculate a monthly payment for qualifying, as per program guidelines for student loans in deferment with no payment noted on credit report.

Response 1 (XX/XX/XXXX XX:XXPM)
The credit report does not reflect the student loans as deferred. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Upon further review student loans are deferred and calculations were done correctly. (Resolved)

XXXX

2100490

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100491

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100491

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100491

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100491

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100492

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100492

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100492

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100493

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100493

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100493

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100494

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100494

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100494

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100494

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100496

1 of 8

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100496

2 of 8

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Final Inspection Fee. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2100496

3 of 8

XXXX

Credit

Appraisal - Missing required 1004 D

XXXX

The appraisal was completed subject to completion per plans & specs". The file is missing a final inspection/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Uploaded XXXX D

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2100496

4 of 8

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

The origination credit report is missing from the loan file. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Uploaded Credit Report

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2100496

5 of 8

XXXX

Credit

Debts - Not Verified

XXXX

The final XXXX reflected XXXX student loans. One student loan had a monthly payment of $XXXX. The remaining XXXX student loans reflected no payments included. The audit total liabilities matched the investors liabilities on the approval and XXXX. The file is missing documentation to support the $XXXX student loan payment and proof that the payment covers all of the remaining student loan balances. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX calculated payment on deferred student loans (see attached supplement) at .XXXX% of balance of $XXXX, as per program guidelines. $XXXX total monthly listed appears to include two other liabilities of XXXX ($XXXX) and XXXXBC card ($XXXX). Actual deferred student loan payment amount is $XXXX for all loans combined per supplement.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2100496

6 of 8

XXXX

Credit

Income - Other

XXXX

The qualifying income is projected income from new employment with XXXX to begin post closing on XX/XX/XXXX. Per the guidelines, either a paystub, written VOE, or a third party employment verification is required to support the income used for qualifying. The required documentation is missing from the loan file.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Uploaded employment docs

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Client request to Waive.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is verification of departing employment and a firm offer of future employment. Still missing one of the following for new employment: Paystub, Written VOE, or Third Party Confirmation of Employment for new job. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Client request to waive based on compensating factors. (Waived)

Comp factors - XXXX and Reserves $XXXX.

XXXX

2100496

7 of 8

XXXX

Credit

Verification Documentation - VOR

XXXX

Per the guidelines, a XXXX month housing history is required to support no payments have been XXXX+ days late. The final XXXX reflects borrower rents at her current residence. The file did not contain a VOR to support the payment history for the rental payments of $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
VOR attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2100496

8 of 8

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. AVM provided and supported original appraised value.

Cleared

XXXX

2100497

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100497

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100497

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100499

1 of 4

XXXX

Compliance

TRID - 10% Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance or Service Providers List was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: Title Fees and Recording Fee. A cost to cure in the amount of $XXXX was issued at closing. A cost to cure in the amount of $XXXX is still required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2100499

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100499

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100499

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100500

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100500

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100500

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100501

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2100501

2 of 4

XXXX

Credit

Assets - Other

XXXX

The final XXXX and lender conditional approval reflected borrower's property located on XXXX was sold and net proceeds utilized in the funds for closing and reserves. The Closing Disclosure support the sale of the property with estimated net proceeds of $XXXX was not provided as required. Closing Disclosure to be provided to support the net proceeds and proof of mortgage payoff is applicable

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
CD from sale of XXXX property attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2100501

3 of 4

XXXX

Credit

Income - Insufficient Documentation

XXXX

The qualifying income was from projected income from new employment for XXXX with XXXX to begin post closing on XX/XX/XXXX. The investor guidelines required either paystub, written VOE or a third party employment verification supporting the income of $XXXX used for qualifying the borrower. Required documentation was not provided.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Additional employment documentation waived. XXXX, XXXX% DTI, excess reserves from proceeds of sale of XXXX property beyond required amount.

Response 1 (XX/XX/XXXX XX:XXPM)
Please provide UW exception to exclude referenced income documentation. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Upon further review client has requested to waive based in compensating factors. (Waived)

Comp factors - XXXX, DTI XXXX and Reserves $XXXX.

XXXX

2100501

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100503

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100503

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100503

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100508

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX, Tax Service. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100508

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100508

3 of 3

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. AVM provided and supported original appraised value.

Cleared

XXXX

2100509

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100509

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100509

3 of 4

XXXX

Credit

Contract Addendum - Missing

XXXX

The Sales Contract Addendum is missing. The purchase price is $XXXX; however, the addendum to purchase agreement reflecting this change is missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Changes to home options slightly increased price to $XXXX. Lending decision based upon lower appraised value of $XXXX. No addendum obtained, Evolve accepted buyer and seller execution of closing disclosure reflecting $XXXX sales price as both parties&#XXXX; agreement to contract price.

Response 1 (XX/XX/XXXX XX:XXPM)
Explanation received is sufficient. (Resolved)

XXXX

2100509

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100532

1 of 4

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The notary for the security instrument is dated XX/XX/XXXX; however, based on other notarized documents, the notary should reflect XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
This appears to be messy handwriting that cab be viewed as a XXXX or XXXX.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100532

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100532

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100532

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100510

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100510

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100510

3 of 4

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The insurance provided in the loan file for our review has an address of XXXX which is the address of the borrower's departure/rental residence. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Uploaded Hazard Policy

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2100510

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100512

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100512

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100512

3 of 3

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. AVM provided and supported original appraised value.

Cleared

XXXX

2100513

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100513

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100513

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100514

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100514

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100514

3 of 4

XXXX

Credit

Assets - Other

XXXX

There are additional asset findings. The loan file contained IRA documentation that was used to verify reserves; however, the loan file did not contain the Terms of Withdraw as required per guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See page XXXX for XXXX terms of withdrawal.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation provided as required. (Resolved)

XXXX

2100514

4 of 4

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. AVM provided and supported original appraised value.

Cleared

XXXX

2100516

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: Page XXXX of XXXX is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Uploaded Note

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100516

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100516

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100516

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100517

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100517

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100517

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100517

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100518

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX, Tax Service. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100518

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100518

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100519

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2100519

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100519

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2100520

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX, tax service fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100520

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100520

3 of 3

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. AVM provided and supported original appraised value.

Cleared

XXXX

2100521

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100521

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX, Tax Service. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100521

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100521

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100523

1 of 4

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
index data attached

Response 1 (XX/XX/XXXX XX:XXPM)
The referenced documentation was not received. Please provide the Index for review. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100523

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Tax Service Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2100523

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100523

4 of 4

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. UCDP with acceptable score provided.

Cleared

XXXX

2100525

1 of 3

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index data attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100525

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100525

3 of 3

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. AVM provided and supported original appraised value.

Cleared

XXXX

2100529

1 of 3

XXXX

Compliance

Compliance Finding - Other

XXXX

Testing for TILA, XXXX, Federal and State threshold accuracy could not be completed through the compliance tool due to Index Rate missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
index attached

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2100529

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2100529

3 of 3

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. UCDP with acceptable score provided.

Cleared

XXXX

2159528

1 of 8

XXXX

Compliance

HOC - Missing

XXXX

The Homeownership Counseling Disclosure (HOC) is missing. Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.20(a)

Acknowledged

XXXX

2159528

2 of 8

XXXX

Compliance

TRID - 10% Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Title Fees, CD XX/XX/XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2159528

3 of 8

XXXX

Credit

Contract - Missing

XXXX

The file contained no evidence of a properly executed sales contract.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Sales Contract attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2159528

4 of 8

XXXX

Credit

Credit - Other

XXXX

Lender exception provided to allow a credit XXXX. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Approving bank personnel noted from the credit report that the past dues amounted to XXXX XXXX day lates, one being disputed. The approving parties noted it as a weakness, but approved due to the strengths of great cash flow, $XXXXk in reserves and very low personal debt.

Response 1 (XX/XX/XXXX XX:XXPM)
Exception must be granted by Investor. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Investor granted the exception. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: As agreed pay history life of loan, current LTV of XXXX%, XXXX% DTI, $XXXX verified reserves, $XXXX residual income

Compensating factors: As agreed pay history life of loan, current LTV of XXXX%, XXXX% DTI, $XXXX verified reserves, $XXXX residual income

XXXX

2159528

5 of 8

XXXX

Credit

FEMA

XXXX

FEMA Declaration declared XX/XX/XXXX for XXXX Hurricane Milton (XX-XXXX-XXXX) with an incident period of XX/XX/XXXX – XX/XX/XXXX which is after the original appraisal date of XX/XX/XXXX. Please provide Property Inspection to confirm no damage

Resolved

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation not received. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient to resolve the finding. (Resolved)

XXXX (XX/XX/XXXX XX:XXPM)
pdi uploaded

XXXX (XX/XX/XXXX XX:XXPM)
See BPO - No damage to property

Buyer Comment 3 (XX/XX/XXXX XX:XXPM)
PDI

Buyer Comment 4 (XX/XX/XXXX XX:XXPM)
PDI uploaded

XXXX 5 (XX/XX/XXXX XX:XXPM)
pdii

XXXX

2159528

6 of 8

XXXX

Credit

Income - Insufficient Documentation

XXXX

The loan approval indicates borrower's self employment income was calculated using XXXX months average deposits from business account to personal account. XXXX months statements were not provided for reviewer to confirm. Additionally, guidelines provided don't reflect XXXX month bank statement program as an option.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX months bank statements in hand. Uploading the max XXXX in this category with the remaining two put in another area of this review. The bank allows it approving senior management team to make bank statement loans like this.

Response 1 (XX/XX/XXXX XX:XXPM)
Please provide the segment of the guide that allows bank statements. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Investor granted the exception. (Waived)

Compensating factors: As agreed pay history life of loan, current LTV of XXXX%, XXXX% DTI, $XXXX verified reserves, $XXXX residual income

XXXX

2159528

7 of 8

XXXX

Credit

Verification Documentation - VOE Self-Employed/Missing

XXXX

The loan file is missing a Verification of Self-Employment for the: borrower.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Not in hand. Using this space to provide the final two bank statements for another category of this review.

Response 1 (XX/XX/XXXX XX:XXPM)
VOE not received. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Investor granted the exception. (Waived)

Compensating factors: As agreed pay history life of loan, current LTV of XXXX%, XXXX% DTI, $XXXX verified reserves, $XXXX residual income

XXXX

2159528

8 of 8

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The loan file is missing the appraisal. Additionally the loan file did not contain a secondary valuation product. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
2nd AVM provided

Response 1 (XX/XX/XXXX XX:XXPM)
AVM provided and supports the origination value within 10%. (Resolved)

XXXX (XX/XX/XXXX XX:XXPM)
BPO uploaded

XXXX

2159539

1 of 8

XXXX

Compliance

HOC - Missing

XXXX

The Homeownership Counseling Disclosure (HOC) is missing. Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.20(a)

Acknowledged

XXXX

2159539

2 of 8

XXXX

Credit

Appraisal - Appraisal Missing

XXXX

Missing required appraisal from file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation not received. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: As agreed pay history life of loan, Current LTV of XXXX%, XXXX qualifying credit score, XXXX% DTI, $XXXX residual income, $XXXX reserves

Buyer Comment 2 (XX/XX/XXXX XX:XXPM)
please see appraisal

XXXX

2159539

3 of 8

XXXX

Credit

Contract - Missing

XXXX

The file contained no evidence of a properly executed sales contract. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Sales contract attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2159539

4 of 8

XXXX

Credit

Credit Report - Inquiries

XXXX

The credit report shows recent inquires that have not been adequately addressed. The credit report reflects an inquiry on XX/XX/XXXX from XXXX. Explanation not provided in file.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Not in hand.

Response 1 (XX/XX/XXXX XX:XXPM)
LOE required. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by investor. (Waived)

Noted Compensating factors: As agreed pay history life of loan, Current LTV of XXXX%, XXXX qualifying credit score, XXXX% DTI, $XXXX residual income, $XXXX reserves.

XXXX

2159539

5 of 8

XXXX

Credit

FEMA

XXXX

XXXX completed reflecting a declared disaster after appraisal date. FEMA Incident period ending XX/XX/XXXX for XXXX Hurricane Milton (XX-XXXX-XXXX) with an incident date of XX/XX/XXXX which is after original appraisal date XX/XX/XXXX. Please provide Property Inspection to confirm no damage.

Resolved

Response 1 (XX/XX/XXXX XX:XXAM)
PDI received is sufficient. (Resolved)

XXXX (XX/XX/XXXX XX:XXPM)
please see PDI

Buyer Comment 2 (XX/XX/XXXX XX:XXPM)
pdi

XXXX

2159539

6 of 8

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The loan was missing current hazard insurance policy on the subject property with sufficient coverage/replacement cost. The file is missing the HOI policy for review. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX insurance attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2159539

7 of 8

XXXX

Credit

Income - Tax Transcripts Missing

XXXX

Tax Transcripts were not provided as required. Self employed income from the XXXX/XXXX XXXX's/Schedule C were used in the income calculation. the file contained transcripts for XXXX; however, XXXX transcripts were missing.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Not in hand.

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX transcripts required. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by investor. (Waived)

Noted Compensating factors: As agreed pay history life of loan, Current LTV of XXXX%, XXXX qualifying credit score, XXXX% DTI, $XXXX residual income, $XXXX reserves.

XXXX

2159539

8 of 8

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
2nd AVM provided

Response 1 (XX/XX/XXXX XX:XXPM)
AVM provided supports the origination value within 10%. (Resolved)

XXXX

2159540

1 of 9

XXXX

Compliance

HOC - Missing

XXXX

The Homeownership Counseling Disclosure (HOC) is missing. Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.20(a)

Acknowledged

XXXX

2159540

2 of 9

XXXX

Credit

Assets - Other

XXXX

There are additional asset findings. Guidelines require bank statements covering a XXXX month period. The file contained only XXXX month for XXXX #XXXX.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Two months bank statements attached.

Response 1 (XX/XX/XXXX XX:XXAM)
The additional bank stmt for #XXXX provided which is the most current and used for assets by them; however, a large deposit on XX/XX/XXXX for $XXXX was not sourced and a large deposit on XX/XX/XXXX of $XXXX was a transfer from #XXXX and not sourced. Short assets by $XXXX if not sourced. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: As agreed pay history life of loan, current LTV of XXXX%, XXXX qualifying credit score $XXXX residual income

Noted compensating factors: As agreed pay history life of loan, current LTV of XXXX%, XXXX qualifying credit score $XXXX residual income.

XXXX

2159540

3 of 9

XXXX

Credit

Condo - Documentation

XXXX

Loan file did not contain required condo documentation (Master HOI, XXXX, Condo Budget, Project Review). The file is missing all required condo documentation for review. Additional guidelines may apply.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Condo insurance materials attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Only provided Insurance for the condo. No other documentation provided. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: As agreed pay history life of loan, current LTV of XXXX%, XXXX qualifying credit score $XXXX residual income

Noted compensating factors: As agreed pay history life of loan, current LTV of XXXX%, XXXX qualifying credit score $XXXX residual income.

XXXX

2159540

4 of 9

XXXX

Credit

FEMA

XXXX

Resolved

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX (XX/XX/XXXX XX:XXPM)
PDI report

XXXX

2159540

5 of 9

XXXX

Credit

Gift Letter - Missing

XXXX

A required gift letter was missing from the file and/or the donor funds were not verified. The approval indicated the borrower received a gift in the amount of $XXXX. The file is missing the gift letter, the donor ability and evidence the borrower received the gift funds. Without the gift funds the borrower is short $XXXX in verified funds.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX letter and sourcing attached.

Response 1 (XX/XX/XXXX XX:XXAM)
The gift funds and source of the gift provided: however, no proof of receipt by the borrower was provided. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: As agreed pay history life of loan, current LTV of XXXX%, XXXX qualifying credit score $XXXX residual income

Noted compensating factors: As agreed pay history life of loan, current LTV of XXXX%, XXXX qualifying credit score $XXXX residual income.

XXXX

2159540

6 of 9

XXXX

Credit

Income - Other/Missing

XXXX

Other Income documentation required was missing from loan file. The borrower is employed by family. The most recent year's signed federal income tax returns confirming the borrower has less than XXXX% ownership in the business is required and is missing from the file. Additional conditions may apply.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Transcripts and XXXX Personal Tax Return provided as evidence no business interests are owned.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation not received. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: As agreed pay history life of loan, current LTV of XXXX%, XXXX qualifying credit score $XXXX residual income

Noted compensating factors: As agreed pay history life of loan, current LTV of XXXX%, XXXX qualifying credit score $XXXX residual income.

XXXX

2159540

7 of 9

XXXX

Credit

Income - W2(s) Missing

XXXX

XXXX's missing from the loan file. Two years of W2s required by guidelines and the file only contained the XXXX XXXX for all jobs.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX W-2s are attached, but only paystubs were used for income as stated on the approval document and signed off on by the appropriate parties.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2159540

8 of 9

XXXX

Credit

Liabilities - Excluded Debts

XXXX

There was no explanation or support for the omission of one or more debts from the initial application. The installment debt with XXXX was omitted from the DTI. Notes on the approval indicated this debt is paid for by the business (borrower employer). The notes also indicated XXXX months business bank statements evidenced this; however, the bank statements are missing from the file. Including this debt in the DTI increases the DTI from XXXX to XXXX%.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Attached are the six business bank statements referenced in the approval document.

Response 1 (XX/XX/XXXX XX:XXAM)
6months of business bank stmts to support omission of the debt were provided. XXXX months are required. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: As agreed pay history life of loan, current LTV of XXXX%, XXXX qualifying credit score $XXXX residual income

Noted compensating factors: As agreed pay history life of loan, current LTV of XXXX%, XXXX qualifying credit score $XXXX residual income.

XXXX

2159540

9 of 9

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
2nd AVM provided

Response 1 (XX/XX/XXXX XX:XXPM)
AVM provided and supports the origination value within 10%. (Resolved)

XXXX

2134081

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2134081

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2134081

3 of 3

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM by XXXX, CDA, or XXXX to support the origination appraised value.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached.

Response 1 (XX/XX/XXXX XX:XXAM)
CDA provided and supports original appraised value. (Resolved)

XXXX

2137726

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137726

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137726

3 of 3

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached - grade A.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2165589

1 of 9

XXXX

Compliance

HUD1 - Not Final

XXXX

It could not be determined that the Settlement statement provided in the loan file was the FINAL binding Settlement statement, as it was not signed, stamped or certified. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
HUD Final

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2165589

2 of 9

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The loan agreement was not executed by the borrower/entity and notary.

Resolved

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)

XXXX

2165589

3 of 9

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note is incomplete: The loan agreement is not executed by the Lender. (Acknowledged)

Acknowledged

XXXX

2165589

4 of 9

XXXX

Compliance

Note - Missing Signature

XXXX

The Note and all addendums were not executed.

Resolved

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)

XXXX

2165589

5 of 9

XXXX

Compliance

Security Instrument - Missing Signature

XXXX

The Security Instrument and all riders were not executed by all required parties. The borrower/entity and notary signatures were missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See attached documents.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2165589

6 of 9

XXXX

Credit

Assets - Minimum Reserves

XXXX

Rate and term refinance. The preliminary HUD reflects cash back to borrower as missing final executed HUD. The file contains asset statements and XXXX day asset report with XXXX XXXX with a balance of $XXXX as of XX/XX/XXXX. Required reserves XXXX months on the subject property of $XXXX results in a reserves shortage of $XXXX. Sufficient reserves to meet underwriting requirements and PITI were not verified in the file.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating Factors: XXXX qualifying credit score, DSCR of XXXX, 0x30x54 mortgage history

XXXX. XXXX DSCR. XXXX% LTV.

XXXX

2165589

7 of 9

XXXX

Credit

DSCR - Missing Entity Documentation

XXXX

The file is missing the signed Resolution.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See attached OA amendment.

Response 1 (XX/XX/XXXX XX:XXAM)
Resolution required for a XXXX person Entity. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed amendment to Operating Agreement shows signing member owns XXXX% and elects to waive. Noted Compensating Factors: XXXX qualifying credit score, DSCR of XXXX, 0x30x54 mortgage history

XXXX. XXXX DSCR. XXXX% LTV.

XXXX

2165589

8 of 9

XXXX

Credit

DSCR - Missing HUD

XXXX

Rate and term refinance. The file is missing the final executed HUD to reflect escrows as required. XXXX cash back is $XXXX. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2165589

9 of 9

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. File contains CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2185095

1 of 3

XXXX

Compliance

Security Instrument - Missing Rider/Addendum

XXXX

The following referenced Rider(s) / Legal Addendum(s) are missing: the Title Insurance Rider is missing.

Resolved

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)

XXXX

2185095

2 of 3

XXXX

Credit

Mortgage History - Missing/Incomplete

XXXX

The file contains a payoff letter with payment to XXXX. The file is missing a satisfactory XXXX month mortgage payment history, as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The payoff report did not reflect any past-due amounts or late fees; therefore, a VOM was not required for this file.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Property was purchased in April XXXX so XXXX months of payments would not be available. See attached purchase settlement statement.

Response 1 (XX/XX/XXXX XX:XXAM)
A XXXX XXXXth payoff would encompass XXXX months of history best-case. XXXX month history required. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

Response 3 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2185095

3 of 3

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 file contains a CDA, dated XX/XX/XXXX, that supports the appraised value.

Cleared

XXXX

2125204

1 of 6

XXXX

Compliance

Note - Signature Discrepancy

XXXX

The borrower is an entity however the XXXX was signed as Individual and as Member. Page one of mortgage only listed the entity and Title only listed borrower as entity.

Acknowledged

XXXX

2125204

2 of 6

XXXX

Credit

DSCR - Missing background check

XXXX

Missing background check per guidelines. The loan file does not contain a fraud report or background check for either borrower. Noted, this finding was cited on the prefund review.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Fraud Guard attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2125204

3 of 6

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2125204

4 of 6

XXXX

Credit

Mortgage History - Missing/Incomplete

XXXX

The mortgage history in the loan file was incomplete or missing. The file is missing the VOM on the subject property from XXXX which was paid off with the subject loan.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
VOM attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2125204

5 of 6

XXXX

Credit

Program Parameters - LTV

XXXX

The LTV does not meet the program eligibility guidelines. The subject transaction is a Cash Out refinance of an investment XXXX unit property. Guidelines allow a max LTV of XXXX%; however, the approved LTV is XXXX% which exceeds guidelines. Noted, this finding was cited on the prefund review.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX. XXXX months of reserves. XXXX DSCR.

XXXX

2125204

6 of 6

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 value.

Cleared

XXXX

2187192

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2187192

2 of 3

XXXX

Credit

Program Parameters - DTI

XXXX

XXXX provided for DTI above XXXX% - XXXX. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

Compensating Factors: Residual income $XXXX, XXXX, Reserves exceed XXXX months

XXXX

2187192

3 of 3

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.

Cleared

XXXX

2170887

1 of 7

XXXX

Compliance

FACTA Disclosure - Missing

XXXX

The FACTA Disclosure (Notice to Home Loan Applicant/Credit Information Disclosure) is missing.

Acknowledged

XXXX

2170887

2 of 7

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2170887

3 of 7

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

This loan does not qualify for a safe harbor level of compliance with the qualified mortgage rule. (12 CFR 1026.43(b)(4), (e)(1)). This loan does not qualify for a safe harbor. The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%.

Acknowledged

XXXX

2170887

4 of 7

XXXX

Compliance

TRID - 10% Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Recording Fee. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached are the PCCD, LOE, XXXX, and cure payment and delivery.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2170887

5 of 7

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached is the PCCD, email confirmation, LOE, and wire confirmation for cure.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2170887

6 of 7

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2170887

7 of 7

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 value.

Cleared

XXXX

2179390

1 of 3

XXXX

Compliance

State Regulations

XXXX

This loan failed the prepayment term test. The loan has a prepayment term that does not conform to the requirements for the lender's license type in the state where the property is located. Per XXXX 1343.011(C)(2)(b), loan amounts equal to or greater than $XXXX (XXXX-XXXX units), prepayment penalty XXXX is XXXX% and XXXX years.

Acknowledged

XXXX

2179390

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179390

3 of 3

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 CU score is XXXX.

Cleared

XXXX

2184723

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184723

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The non borrower guarantor signed the guaranty as spouse only; however, borrower is only XXXX% owner. XXXX% ownership is required to sign the guaranty; therefore, the non-borrower spouse is required to sign the guaranty as owner of entity since she has the other XXXX% ownership interest. Additionally, guarantors are required to provide a limited application, authorization for a credit report and background report as well as Identification documentation such as driver's license or passport. The loan file did not contain any of this documentation for the non-borrower guarantor, XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2184723

3 of 3

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.

Cleared

XXXX

2183697

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183697

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file is missing a Google Search of the borrower/guarantor and the two entities on the Note, XXXX and XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2183697

3 of 3

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.

Cleared

XXXX

2184758

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184758

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184758

3 of 3

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.

Cleared

XXXX

2175624

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. XXXX. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2175624

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175624

3 of 3

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.

Cleared

XXXX

2187191

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2187191

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file is missing the required entity background search for the entity, XXXX XXXX, to include liens and judgment search. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Escalated.

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX is recently formed. (Resolved)

XXXX

2187191

3 of 3

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.

Cleared

XXXX

2187190

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2187190

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187190

3 of 3

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.

Cleared

XXXX

2183696

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183696

2 of 4

XXXX

Credit

Assets - Large Deposits/Unacceptable

XXXX

A recent large deposit of $XXXX on XX/XX/XXXX on the Sofi savings XXXX bank statement ending XX/XX/XXXX. A letter of explanation was provided from the borrower stating a property was sold in April and only part of the proceeds were deposited, and the signed Settlement Statement was provided. The signed Settlement Statement is missing from the file to verify source of deposit.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2183696

3 of 4

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2183696

4 of 4

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. File contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2184757

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184757

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184757

3 of 3

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.

Cleared

XXXX

2187168

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2187168

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187168

3 of 3

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.

Cleared

XXXX

2183695

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183695

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Borrower XXXX is XXXX%/XXXX%/XXXX% owner of the borrowing entity, XXXX, with a non-borrower, XXXX. Lender guidelines require a Personal Guaranty to be signed by one or more owners representing a majority ownership (XXXX%). The loan file contained the Guaranty for both guarantors. However, the loan file did not contain a XXXX) limited application that includes, name, address, date of birth, social security number, and citizenship, XXXX) authorization for credit report and XXXX) background check to include liens and judgments search for XXXX. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached guarantor package for XXXX

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
See the attached

Response 1 (XX/XX/XXXX XX:XXAM)
Please provide the No Hit results for XXXX. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2183695

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file contains a lender exception to allow XXXX hundred dollars short of XXXX months reserves due to increased closing costs. XXXX guidelines require XXXX months reserves. XXXX non-material based on compensating factors (Waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX non-material based on compensating factors (Waived).

Compensating factors: XXXX score XXXX, borrower has three investment properties, and is an experienced investor.

XXXX

2183695

4 of 4

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.

Cleared

XXXX

2184756

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184756

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184756

3 of 3

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.

Cleared

XXXX

2184755

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184755

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184755

3 of 3

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.

Cleared

XXXX

2175619

1 of 6

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee where 'compensation to' reflects 'Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Credit Report Fee. However, this fee should not be retained by the broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2175619

2 of 6

XXXX

Credit

Income - Other

XXXX

The loan file is missing the current lease agreement for property address: XXXX, need to verify current XXXX rent for this property of $XXXX. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see the attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2175619

3 of 6

XXXX

Credit

Program Parameters - Other

XXXX

The loan file is missing the current executed sales contract for the current residence and confirmation that any financing contingencies have been cleared. For property address: XXXX Georgetown, OH XXXX. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Request to revisit. XXXX is retained by the borrower with the PITIA factored into the DTI.

Response 1 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Resolved)

XXXX

2175619

4 of 6

XXXX

Credit

Program Parameters - Other

XXXX

The loan file is missing the current verification of mortgage for property address XXXX, to verify if taxes and insurance are included in the $XXXX. mortgage payment per month. Obtain current Verification of Mortgage, Tax statement and Hazard Insurance Policy. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see the attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2175619

5 of 6

XXXX

Credit

Program Parameters - Other

XXXX

The loan file contains a lender exception to allow financing for property marked to be in a rural area and zoned agricultural. XXXX guidelines Rural/Agricultural property types are ineligible and require management review and approval. XXXX non-material based on compensating factors (Waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX non-material based on compensating factors (Waived).

Compensating Factors: FIcoscore XXXX, reserves greater then XXXX months, years at present address XXXX years.

XXXX

2175619

6 of 6

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.

Cleared

XXXX

2183694

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183694

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183694

3 of 3

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 of XXXX.

Cleared

XXXX

2184754

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184754

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184754

3 of 3

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 supportive of value.

Cleared

XXXX

2175615

1 of 7

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2175615

2 of 7

XXXX

Compliance

TRID - CD - Loan Information/Loan Type

XXXX

The CD issued on XX/XX/XXXX does not reflect the correct Loan Type. The Loan Type is reflected as Other; however it should be Conventional. Truth in XXXX (Regulation Z) 12 CFR 1026.38(a)(5)(iv)

Acknowledged

XXXX

2175615

3 of 7

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For on the revised CD issued on XX/XX/XXXX. Credit Report Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2175615

4 of 7

XXXX

Credit

Condo - Liability Insurance

XXXX

The subject property is a XXXX, and the file does not contain evidence of sufficient Project Liability Insurance coverage. The file is missing evidence of Project Liability Insurance coverage as required by guidelines. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
policy attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2175615

5 of 7

XXXX

Credit

Condo - Other

XXXX

There are additional observations that could impact the credit decision and/or quality of the loan. The file contained a partial copy of the Businessowners Policy (MIP) for the subject property dated XX/XX/XXXX - XX/XX/XXXX. Pages XXXX-XXXX and XXXX-XXXX are missing. Unable to determine is the policy covers walls-in. If not, then HO-XXXX coverage is not sufficient and sufficient coverage would be required. In addition, the current policy is missing as the loan closed XX/XX/XXXX which is prior to the policy provided. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
policy attached.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2175615

6 of 7

XXXX

Credit

Income - Employment History

XXXX

Two full years of continuous employment history was not obtained for the borrower. Guidelines require a minimum of XXXX years self employment and the business must be in existence for XXXX years. The license and XXXX for the business (XXXX's XXXX) reflect the business was established XX/XX/XXXX; therefore, less than XXXX years.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
exception

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

Compensating Factors: XXXX. XXXX% DTI. $XXXX per month residual income.

XXXX

2175615

7 of 7

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.

Cleared

XXXX

2171232

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2171232

2 of 3

XXXX

Credit

DSCR - Missing background check

XXXX

Missing background check per guidelines. The loan file is missing the entire background showing liens and judgements for the enitiy.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
background

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2171232

3 of 3

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. The loan file contains an AVM that does not support the value.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
CDA uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
CDA provided supports origination appraised value within 10%. As the CDA is a second valuation product, per the rating agencies, this is graded as an EV2. (Resolved)

XXXX

2187189

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2187189

2 of 5

XXXX

Credit

Gift Letter - Donor Ability

XXXX

Satisfactory evidence was not in the file of the donor's ability to provide funds to the borrower. The loan file contains a XXXX from XXXX for Twenty-Five Thousand however no verification of sufficient funds to cover the gift of Twenty-Five Thousand from donors account XXXX account number ending in XXXX transfer date XX/XX/XXXX or showing transferred to borrower's account and reflected on the most recent bank statement. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
SEE ATTACHED -REFLECTS TRANSFER OF $XXXX TRANSFERRED TO BORROWER&#XXXX;S ACCT AND REFLECTED XXXX THEMOST RECENT STMT(ACCT#XXXX)

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2187189

3 of 5

XXXX

Credit

Program Parameters - Other

XXXX

The loan file is missing the required google search for borrower and entity, XXXX, XXXX states UW to perform Google search of the borrower and entity. Additional conditions may apply

Void

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
the loan did not close in an Entity? please advise

Response 1 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Void)

XXXX

2187189

4 of 5

XXXX

Credit

Program Parameters - Other

XXXX

The loan file contains a lender exception to allow borrower to proceed with only XXXX months reserves. The borrower is doing a bridge loan wit hus to close on this purchase and is short on the reserves exception granted by management. XXXX guidelines require XXXX months reserves are required on this file. XXXX non-material based on compensating factors (Waived).

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX non-material based on compensating factors (Waived).

Compensating Factors: Borrowers DTI is less than thirty-four percent and has a fico XXXX. Borrower has been self-employed for XXXX years.

XXXX

2187189

5 of 5

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.

Cleared

XXXX

2183673

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note is incomplete: The Prepayment section is not legible to reference any prepayment terms and a Prepayment XXXX to the Note is missing. The Clear to Close Approval has reference to a prepayment penalty.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Corrected Note with PPA attached (with borrower&#XXXX;s initial)

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2183673

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183673

3 of 3

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.

Cleared

XXXX

2183693

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183693

2 of 4

XXXX

Credit

Appraisal - Other

XXXX

The appraisal is missing the rental comparable pictures.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2183693

3 of 4

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2183693

4 of 4

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. File contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2183692

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183692

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

The loan file contains a lender exception to allow financing for a First Time Home Buyer/First Time Investor that lives rent free. XXXX require a XXXX-month rental history is required, reflecting 0x30. XXXX non-material based on compensating factors (Waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX non-material based on compensating factors (Waived).

Compensating Factors: XXXX score XXXX, greater than XXXX months reserves, years at present addres XXXX plus years.

XXXX

2183692

3 of 3

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.

Cleared

XXXX

2187188

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2187188

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187188

3 of 3

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 which supports the appraised value.

Cleared

XXXX

2184753

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184753

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184753

3 of 3

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.

Cleared

XXXX

2183674

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183674

2 of 5

XXXX

Credit

DSCR - Missing background check

XXXX

Per the guidelines a background check that includes a search for liens of judgments is required for the Entity. The required background check for entity XXXX is missing from the loan file

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
BACKGROUND

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2183674

3 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines the underwriter is required to perform a google search of the borrower and entity. The required google searches for the borrower and entity are missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
GOOGLE SEARCH

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2183674

4 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided to allow borrower to purchase XXXX-XXXX multi family property without experience managing multi family properties. Determined non-material based on compensating factors. (Waived)

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX non-material based on compensating factors. (Waived)

Compensating Factors: XXXX, DSCR greater than XXXX%

XXXX

2183674

5 of 5

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.

Cleared

XXXX

2184752

1 of 4

XXXX

Compliance

State Regulations

XXXX

This loan failed the first XXXX prohibited fees test. (N.J.S.A. §XXXX:11C-XXXX, N.J.A.C. §§XXXX:XXXX-XXXX). The loan does charge fees not provided for in this act, which is prohibited.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
fees paid to Third party.

Response 1 (XX/XX/XXXX XX:XXAM)
Finding voided. (Void)

XXXX

2184752

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For on the revised CD issued on XX/XX/XXXX. XXXX. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2184752

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The loan file contains a lender exception to allow the borrowrs to proceed with only XXXX month hisory in current self-employment business. XXXX guidelines XXXX month bank statment income feature requires a minimum of XXXX year history of self-employment in current business. Determined non-material based on compensating factors (Waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX non-material based on compensating factors (Waived).

Compensating factors: fico score XXXX with zero mortgage lates, loan will have low DTI less than XXXX%.

XXXX

2184752

4 of 4

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.

Cleared

XXXX

2187187

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2187187

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187187

3 of 3

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 appraised value.

Cleared

XXXX

2175606

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX%) and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2175606

2 of 4

XXXX

Compliance

TRID - 10% Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase and/or addition to the following fees was not accepted: Abstract / Title Search Fee $XXXX, Administration Fee $XXXX,Archive Fee [Custom Fee] $XXXX, Closing Protection Letter Fee $XXXX, Settlementor Closing Fee $XXXX, Title Courier Fee $XXXX, Title Insurance Binder Fee $XXXX,Recording Fee $XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. Please provide a copy of he SPL provided to the borrower to determine if the borrower was allowed to shop for fees. A cost to cure in the amount of $XXXX remains. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2175606

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175606

4 of 4

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.

Cleared

XXXX

2183691

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183691

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. XXXX not present in the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2183691

3 of 3

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 in the file dated XX/XX/XXXX supports the appraised value.

Cleared

XXXX

2183702

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183702

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183702

3 of 3

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.

Cleared

XXXX

2184751

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184751

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184751

3 of 3

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.

Cleared

XXXX

2187186

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2187186

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187186

3 of 3

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.

Cleared

XXXX

2183690

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183690

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file is missing the required entity background search for, XXXX, to include liens and judgments search. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
background

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2183690

3 of 3

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.

Cleared

XXXX

2184750

1 of 6

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note is incomplete: The Loan Agreement is missing pages XXXX-XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2184750

2 of 6

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note is incomplete: The XXXX did not acknowledge when the date of the signing occurred.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2184750

3 of 6

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The borrower did not date when signing the mortgage pg XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
See the attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. Mortgage pgs. XXXX-XXXX have been provided; however, pg. XXXX has not been provided for review. Please provide a pg. XXXX with the borrower date. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2184750

4 of 6

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Mortgage is missing pages XXXX-XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2184750

5 of 6

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184750

6 of 6

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 field review, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2183689

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For on the revised CD issued on XX/XX/XXXX. Credit Report Fee, XXXX Review Fee. However, these fees should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2183689

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183689

3 of 3

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.

Cleared

XXXX

2183688

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183688

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183688

3 of 3

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.

Cleared

XXXX

2180107

1 of 4

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately.The date the borrower signed the XXXX-XXXX Family Rider XX/XX/XXXX, does not match the notary date of the mortgage, XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Please see the attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2180107

2 of 4

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: Page XXXX of XXXX of the Mortgage is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See the attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2180107

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180107

4 of 4

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 XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2178708

1 of 6

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2178708

2 of 6

XXXX

Compliance

TRID - CD - Loan Information/Loan Type

XXXX

The CD issued on XX/XX/XXXX does not reflect the correct Loan Type. The Loan Type is reflected as Other; however it should be Conventional. Truth in XXXX (Regulation Z) 12 CFR 1026.38(a)(5)(iv)

Acknowledged

XXXX

2178708

3 of 6

XXXX

Credit

Assets - Bank Statements

XXXX

The asset statements are incomplete. XXXX Checking number ending in XXXX is missing pages for statement dated XX/XX/XXXX pages XXXX-XXXX, dated XX/XX/XXXX pages XXXX - XXXX, dated XX/XX/XXXX pages XXXX-XXXX, dated XX/XX/XXXX pages XXXX-XXXX, dated XX/XX/XXXX pages XXXX-XXXX, dated XX/XX/XXXX pages XXXX-XXXX, dated XX/XX/XXXX pages XXXX-XXXX, dated XX/XX/XXXX pages XXXX-XXXX, dated XX/XX/XXXX pages XXXX-XXXX, dated XX/XX/XXXX pages XXXX-XXXX, dated XX/XX/XXXX pages XXXX-XXXX. Need to verify all deposits, all exclusions and if there are excessive overdrafts, however missing several pages for each month. Additional conditions may Apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See the attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2178708

4 of 6

XXXX

Credit

Program Parameters - Other

XXXX

The loan file is missing the required google search of the entity, XXXX. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2178708

5 of 6

XXXX

Credit

Program Parameters - Other

XXXX

The subject loan does not meet Program Parameters. Departure residence requirement per XXXX guidelines. The loan file is missing the required executed sales contract for the current residence and confirmation that any financing contingencies have been cleared. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Appears that departing primary is currently for sale- and free and clear. XXXX indicates the property is currently for sale.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2178708

6 of 6

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.

Cleared

XXXX

2183687

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183687

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183687

3 of 3

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 CU score is XXXX.

Cleared

XXXX

2184749

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184749

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184749

3 of 3

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.

Cleared

XXXX

2180102

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180102

2 of 3

XXXX

Credit

Debts - Not Verified

XXXX

The application lists significant debts that were not verified on the credit report and not independently verified. The borrower list a property located at XXXX on the Final Application, however the loan file does not contain the necessary documentation to verify the PITIA on this property.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Please see the attached

Response 1 (XX/XX/XXXX XX:XXPM)
Credit report received does not contain the mortgage for XXXX. (Upheld)

Response 2 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2180102

3 of 3

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.

Cleared

XXXX

2183686

1 of 4

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Mortgage Pg XXXX has been left blank for the legal description.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Legal attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. The Legal Description is attached to the Mortgage and can be used in lieu of disclosing the Legal Description on pg. XXXX. (Resolved)

XXXX

2183686

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2183686

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183686

4 of 4

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.

Cleared

XXXX

2183685

1 of 4

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Mortgage Pg XXXX is missing the legal description.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Legal attached.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Legal attached.

XXXX

2183685

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2183685

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183685

4 of 4

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.

Cleared

XXXX

2184748

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184748

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines the underwriter is required to perform a google search of the borrowers and entity. The required google searches are missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2184748

3 of 3

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.

Cleared

XXXX

2183684

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183684

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183684

3 of 3

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 dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2184747

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184747

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184747

3 of 3

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.

Cleared

XXXX

2184746

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184746

2 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines the underwriter is required to perform a google search of the borrower and entity. The required google search for the Entity XXXX is missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2184746

3 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines, all guarantors must provide the following: XXXX) A limited application that includes their name, address, date of birth, social security number, and citizenship XXXX) A credit report along with a signed authorization for background check XXXX) Identification documentation as in a driver's license, passport, or similar. The loan file is missing the required documentation for XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2184746

4 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided to allow insurance replacement cost that is short $XXXX in coverage. Determined non-material based on compensating factors (Waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX non-material based on compensating factors. (Waived)

Compensating Factors: XXXX, credit history greater than XXXX yrs.

XXXX

2184746

5 of 5

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.

Cleared

XXXX

2184745

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184745

2 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. Rent loss coverage reflected on the insurance policy is $XXXX. The file does not contain a lease agreement and the market survey reflects $XXXX/XXXX rental income. Therefore, the minimum amount of rent loss coverage required is $XXXX x XXXX months = $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ins uploaded with enough coverage

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2184745

3 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. Cash out refinance transaction with XXXX score <XXXX requires ACH enrollment form must be included in the closed loan submission package. The ACH enrollment form must include the bank routing number, account number, and account type. The actual XXXX score is XXXX and the ACH form contained in the loan file is blank.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
exception uploaded

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
exception

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
Exception Uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
Exception provided does not pertain to the subject finding. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

Compensating Factors: LTV XXXX, DSCR XXXX, $XXXX cash reserves

XXXX

2184745

4 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file contains a lender exception to allow borrower who lives rent free to be located within XXXX miles of the vacant subject investment property. XXXX non-material based on compensating factors. (Waived).

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX non material based on compensating factors. (Waived).

Compensating Factor(s): DSCR greater then XXXX, LTV is XXXX% less than the max LTV.

XXXX

2184745

5 of 5

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.

Cleared

XXXX

2184744

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184744

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184744

3 of 3

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 in the file dated XX/XX/XXXX supports the appraised value.

Cleared

XXXX

2183683

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note is incomplete: The Loan Agreement is missing Exhibit C 'Description of Property'.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached is the requested exhibit

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2183683

2 of 3

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing from the loan file. XXXX requires life of loan flood ceretificates for all first liens. A copy of the flood certificate must be included in the closed loan submission package to XXXX. Addtional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2183683

3 of 3

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.

Cleared

XXXX

2184743

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184743

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

According to guidelines all guarantors are required to provide a limited application which includes the name, address, date of birth, Social Security Number, and citizenship, authorization for a credit report and background report, with credit scores meeting the minimum qualifying score, and Identification documentation such as a driver's license or passport for all guarantors. The loan file did not contain any of the required documentation for the non-borrowing guarantor, XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
guarantor docs

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2184743

3 of 3

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.

Cleared

XXXX

2180099

1 of 3

XXXX

Compliance

ROR - Non-Borrower/Missing

XXXX

The file contains no evidence that the Right to Cancel was provided to the non-borrower.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2180099

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180099

3 of 3

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.

Cleared

XXXX

2187185

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2187185

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

XXXX provided to allow borrower to use the assets from XXXX spouse from foreign back account. Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX non-material based on compensating factors.

Compensating Factors: XXXX, DTI XXXX

XXXX

2187185

3 of 3

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 CU score is XXXX.

Cleared

XXXX

2184742

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184742

2 of 3

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
flood cert

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2184742

3 of 3

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 CU score is XXXX.

Cleared

XXXX

2184741

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184741

2 of 4

XXXX

Credit

DSCR - Missing background check

XXXX

Missing background check per guidelines. The file is missing a background check to include a judgment and XXXX search for the borrowing entity, XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2184741

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. Per guidelines, if existing lease is being transferred to the borrower, the XXXX must verify that it does not contain any provisions that could affect the first XXXX position of the subject property. Final HUD-XXXX shows a prorated rent of $XXXX, verifying that lease is being transferred. Existing lease was not provided in loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The tenant is moving out at the end of the month. The borrower is purchasing the property vacant.

Response 1 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Resolved)

XXXX

2184741

4 of 4

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 of XXXX.

Cleared

XXXX

2183682

1 of 3

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

This loan has a prepayment term. (XXXX. Comp. XXXX. §438.31c(XXXX)(c)Under XXXX. Comp. XXXX §438.31c(XXXX)(c), a loan secured by a single-family dwelling unit shall not charge a prepayment feeor penalty in excess of XXXX% of the amount of any prepayment made within XXXX years of the date of the loan, or any prepayment fee orpenalty at all thereafter, or prohibit prepayment at any time.

Acknowledged

XXXX

2183682

2 of 3

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
flood cert

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2183682

3 of 3

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.

Cleared

XXXX

2184740

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184740

2 of 3

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
flood cert

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2184740

3 of 3

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 of XXXX.

Cleared

XXXX

2184739

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184739

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. When a borrower has multiple loans in process at the same time, the funds to close and reserves requirements for all loans must be reviewed in aggregate. Provide the Final HUD-XXXX from transaction for property located at XXXX and XXXX. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
final settlement statements uploaded

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2184739

3 of 3

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.

Cleared

XXXX

2184738

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184738

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184738

3 of 3

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.

Cleared

XXXX

2183700

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183700

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183700

3 of 3

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.

Cleared

XXXX

2183681

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183681

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines for community property states, the spouse must sign the Guaranty Agreement. Subject is located in XXXX. The spouse, XXXX, did not sign the Guaranty Agreement.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Request to revisit. The borrower resides in XXXX which no longer requires Spousal Consent.

Response 1 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Resolved)

XXXX

2183681

3 of 3

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.

Cleared

XXXX

2184737

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184737

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

According to guidelines, a Google search must be performed for the borrower. The loan file did not contain a Google search.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2184737

3 of 3

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.

Cleared

XXXX

2184736

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184736

2 of 3

XXXX

Credit

Borrower - (EAD) Risk Category

XXXX

The Borrower is not a US Citizen and provided an Employment Authorization Document (EAD) with a Category of C08 indicating that the Borrower is an XXXX or under suspended deportation orders.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
SEE ATTACHED EXCEPTION

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. XXXX% LTV. Experienced Investor.

XXXX

2184736

3 of 3

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 supportive of value.

Cleared

XXXX

2184735

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184735

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184735

3 of 3

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 loans file contains a CDA, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2184734

1 of 5

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2184734

2 of 5

XXXX

Compliance

State HPML

XXXX

This loan failed the XXXX XXXX higher-priced mortgage loan test. (XXXX XXXX 09.03.06.02B(XXXX), XXXX XXXX)). The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2184734

3 of 5

XXXX

Compliance

TRID - CD - Loan Information/Loan Type

XXXX

The CD issued on XX/XX/XXXX does not reflect the correct Loan Type. The Loan Type is reflected as Other; however it should be Conventional. Truth in XXXX (Regulation Z) 12 CFR 1026.38(a)(5)(iv)

Acknowledged

XXXX

2184734

4 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184734

5 of 5

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.

Cleared

XXXX

2184733

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184733

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184733

3 of 3

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.

Cleared

XXXX

2183680

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183680

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines the underwriter is required to perform a google search of the borrower and entity. The required google searches for both the borrower and entity are missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
google search llc and borrower

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2183680

3 of 3

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.

Cleared

XXXX

2187183

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2187183

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187183

3 of 3

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.

Cleared

XXXX

2184732

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184732

2 of 4

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
flood cert

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2184732

3 of 4

XXXX

Credit

Property - Previously Listed for Sale

XXXX

The property was listed XX/XX/XXXX and the initial application date was XX/XX/XXXX. Loan file includes a XXXX price history for the subject property which reflects the listing was removed on XX/XX/XXXX. The appraisal reflects the subject was not listed through MLS, however XXXX reflects it was listed by the owner. Guidelines state that the listing must be canceled XXXX days prior to the application date for a Cash Out Refinance. The listing had only been cancelled XXXX days.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
exception uploaded

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX. Experienced Investor. XXXX DSCR.

XXXX

2184732

4 of 4

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.

Cleared

XXXX

2184731

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184731

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184731

3 of 3

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 which supports appraised value.

Cleared

XXXX

2187182

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2187182

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187182

3 of 3

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 CU score is XXXX.

Cleared

XXXX

2183679

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183679

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183679

3 of 3

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.

Cleared

XXXX

2183699

1 of 4

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

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2183699

2 of 4

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The borrower did not date when the signature occurred on the XXXX-XXXX Rider Pg XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2183699

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183699

4 of 4

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.

Cleared

XXXX

2187181

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2187181

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file contains a lender exception for XXXX% LTV in a declining market. The max LTV in a declining market must be reduced by XXXX%; therefore, the max LTV should have been XXXX% - XXXX% = XXXX%. XXXX non material based on compensating factors. (Waived).

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX non material based on compensating factors. (Waived).

Compensating Factor(s): Experienced investor, lived at primary residence for XXXX+ years.

XXXX

2187181

3 of 3

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.

Cleared

XXXX

2184730

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184730

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

According to guidelines a google search must be performed for the borrower and entity. The loan file did not contain a google search for either one.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See the attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2184730

3 of 3

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 of XXXX.

Cleared

XXXX

2187180

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2187180

2 of 4

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
flood cert

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2187180

3 of 4

XXXX

Credit

Gift Letter - No Evidence of Funds

XXXX

No evidence of the transfer of gift funds from the donor to the borrower was located in the file. A gift letter for gift funds of $XXXX was provided; however, documentation of transfer of funds was not provided. Per the lender's guidelines evidence of the electronic transfer of funds from the donor’s account to the borrower’s account or to the closing agent is required. Without the evidence of gift funds, borrower is short $XXXX in funds required to close the transaction.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
wire confirmation to title from person gifting the 15k went straight to title.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2187180

4 of 4

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 of XXXX.

Cleared

XXXX

2183678

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183678

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See the attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2183678

3 of 3

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.

Cleared

XXXX

2187179

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX The date used for rate set is XX/XX/XXXX. The loan is a compliant HPML. Escrow, Prepayment and XXXX requirements have been met.

Acknowledged

XXXX

2187179

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX, Credit Report. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2187179

3 of 4

XXXX

Credit

Assets - Minimum Reserves

XXXX

Sufficient reserves to meet guidelinerequirements were not verified in the file. The borrower was required to evidence $XXXX in reserves. This is in addition to the requirement of $XXXX in funds to close, prepaid items and earnest money deposit. Therefore, the borrower was required to evidence a total of $XXXX in funds for the subject transaction. The loan file only contained evidence of $XXXX in assets of which $XXXX were in the name of the non-borrowing spouse, for which an exception was present in the loan file. Even using these funds from the non-borrowing spouse, there is a $XXXX shortage in verified assets.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
exception uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Compensating Factors: XXXX. XXXX% DTI.

XXXX

2187179

4 of 4

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.

Cleared

XXXX

2187178

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2187178

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187178

3 of 3

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.

Cleared

XXXX

2183677

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183677

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183677

3 of 3

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.

Cleared

XXXX

2184729

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184729

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184729

3 of 3

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.

Cleared

XXXX

2183676

1 of 6

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note is incomplete: The Loan Agreement is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
loan agreement

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2183676

2 of 6

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. According to guidelines all guarantors are required to provide a limited application which includes the name, address, date of birth, SSN and citizenship. Additionally, an authorization for a credit report and background report as well as Identification documentation, such as driver's license or passport are required for all guarantors. The loan file did not contain any of this documentation for non-borrowing guarantor, XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
guarantor docs

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
background

Response 1 (XX/XX/XXXX XX:XXPM)
Please provide No Hit results for XXXX. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2183676

3 of 6

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. Loan Agreement not present in file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
loan agreement

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2183676

4 of 6

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. Change in XXXX structure removing Chief Executive member so that all members can manage and bind, was changed after application date.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
exception

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX.

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. XXXX DSCR. Experienced.

XXXX

2183676

5 of 6

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met.Guideline requirement has not been met. Per guidelines, if existing lease is being transferred to the borrower, the XXXX must verify that it does not contain any provisions that could affect the first XXXX position of the subject property. Final HUD-XXXX shows two amounts of $XXXX, a rental transfer and security deposit, verifying that lease is being transferred. Existing lease was not provided in loan file.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
exception along with lease agreement uploaded

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. XXXX DSCR. Experienced.

XXXX

2183676

6 of 6

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 in the file date XX/XX/XXXX supports appraisal value.

Cleared

XXXX

2184728

1 of 5

XXXX

Compliance

TRID - 10% Tolerance Violation (Disclosure Timing Fail)

XXXX

The loan failed the charges that in total cannot increase more than XXXX% test. Because the loan failed the Initial LE date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following additions/increases: Lender's Title Insurance Policy $XXXX, Settlement or Closing Fee $XXXX and Recording Fee $XXXX. A cost to cure in the amount of $XXXX is required. The violation may be cured if documentation is provided showing the disclosure was delivered timely.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
INITIAL LE WITH SSPL

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2184728

2 of 5

XXXX

Compliance

TRID - CD - Loan Information/Loan Type

XXXX

The CD issued on XX/XX/XXXX does not reflect the correct Loan Type. The Loan Type is reflected as Other; however, it should be Conventional. Truth in XXXX (Regulation Z) 12 CFR 1026.38(a)(5)(iv)

Acknowledged

XXXX

2184728

3 of 5

XXXX

Compliance

TRID - Zero Tolerance Violation (Disclosure Timing Fail)

XXXX

The loan failed the charges that cannot increase test. Because the loan failed the Initial LE date test, revised LE date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following additions/increases: Mortgage Broker Fee $XXXX, Broker Processing Fee $XXXX, Underwriting Fee $XXXX, Appraisal Fee $XXXX, Credit Report Fee $XXXX, and Transfer Taxes $XXXX. A cost to cure in the amount of $XXXX is required in which $XXXX was reimbursed at closing. There is a remaining cost to cure in the amount of $XXXX required. The violation may be cured if documentation is provided showing the disclosure was delivered timely.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
INITIAL LE

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2184728

4 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184728

5 of 5

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.

Cleared

XXXX

2184727

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2184727

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided for " allow to approved for using actual lease over XXXX % tolerance from XXXX with first month rent and security deposit vs XXXX months since lease is new ." Determined non-material based on compensating factors. (Waived).

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX non-material based on compensating factors. (Waived)

comp factors fico XXXX and primary XXXX plus years

XXXX

2184727

3 of 3

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.

Cleared

XXXX

2183698

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183698

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided to allow borrower to purchase cabin home listed as rural. Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX non-material based on compensating factors.

Compensating Factors: Experienced Investor, Reserves exceed XXXX months

XXXX

2183698

3 of 3

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.

Cleared

XXXX

2184726

1 of 3

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2184726

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184726

3 of 3

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.

Cleared

XXXX

2187177

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2187177

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. XXXX provided to allow student housing (multiple tenants). SFR, XXXX bedrooms require investor approval. XXXX non material based on compensating factors. (Waived).

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX non-material based on compensating factors. (Waived)

Compensating Factors - DSCR greater than XXXX, FICO score is XXXX points greater than min fico score, LTV is XXXX% less than max LTV.

XXXX

2187177

3 of 3

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.

Cleared

XXXX

2187176

1 of 5

XXXX

Compliance

TRID - CD - Loan Information/Loan Type

XXXX

The CD issued on XX/XX/XXXX does not reflect the correct Loan Type. The Loan Type is reflected as Other; however it should be Conventional. Truth in XXXX (Regulation Z) 12 CFR 1026.38(a)(5)(iv)

Acknowledged

XXXX

2187176

2 of 5

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2187176

3 of 5

XXXX

Credit

Mortgage History - Missing/Incomplete

XXXX

The verification of mortgage in the loan file was missing for rental property, XXXX, to verify if taxes, insurance or HOA if any is included in the mortgage payment of $XXXX. per month. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see the attached

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Please see the attached

Response 1 (XX/XX/XXXX XX:XXAM)
Mortgage payment breakdown documentation not provided. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2187176

4 of 5

XXXX

Credit

Program Parameters - Other

XXXX

The loan file contains a lender exception to proceed with a XXXX-month BS loan, and client has owned his current business for XXXX year and XXXX month. He is XXXX% ownership. He wants to use his XXXX in Crypto account as reserves which is within guidelines. XXXX guidelines state must own the current business for XXXX years. XXXX non-material based on compensating factors (Waived).

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX non-material based on compensating factors (Waived).

Compensating Factors: XXXX score XXXX, borrower owned current business since XXXX/XXXX, previous self employed from XXXX-XXXX, eighty thousand in savings.

XXXX

2187176

5 of 5

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 loan file.

Cleared

XXXX

2187175

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2187175

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187175

3 of 3

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.

Cleared

XXXX

2175377

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2175377

2 of 4

XXXX

Credit

Appraisal - Borrower Info

XXXX

The Borrower reflected on the appraisal is XXXX XXXX, however, XXXX is not a borrower on the loan transaction.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please refer back to the deed and the mortgage reflecting both individuals on title which is acceptable

Response 1 (XX/XX/XXXX XX:XXPM)
Explanation received is sufficient. (Resolved)

XXXX

2175377

3 of 4

XXXX

Credit

Title Commitment - Other

XXXX

The title commitment reflects that a "Notice of Property Condemnation" was issued by XXXX XXXX XXXX Dept. of Building and Housing on XX/XX/XXXX. The loan file is missing a "Termination of Condemnation Notice." It should be noted an LOE in file indicates the buyer and seller plan to address after closing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Affidavit of Facts

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2175377

4 of 4

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 appraised value.

Cleared

XXXX

2164839

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2164839

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2164839

3 of 3

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.

Cleared

XXXX

2151896

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2151896

2 of 3

XXXX

Credit

Program Parameters - LTV

XXXX

The loan closed with a LTV of XXXX% based upon a loan amount of $XXXX and appraised value of $XXXX. Per the matrix for owner occupied cash-out refinance Bank Statement Program matrix, the max LTV is XXXX%. The XXXX and approval conditions sheet in the file reflect appraised value of $XXXX; however, all the appraisals in the file reflect appraised value of $XXXX. The LTV does not meet the program eligibility guidelines.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see post close XXXX approved exception allowing LTV XXXX%

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX. XXXX% DTI. XXXX months of reserves.

XXXX

2151896

3 of 3

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.

Cleared

XXXX

2155665

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155665

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155665

3 of 3

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 supportive of value.

Cleared

XXXX

2155666

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155666

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155666

3 of 3

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.

Cleared

XXXX

2164840

1 of 4

XXXX

Compliance

Security Instrument - Trust Missing

XXXX

Title to the Property is held in a Trust, but the Trust Document is missing. Unable to determine if signatures on the Security Instrument are accurate.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please find attached the revocable trust for the borrower. Matches closing documents. Please clear. Thank you.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2164840

2 of 4

XXXX

Compliance

TRID - 10% Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: Title Fees, CD XX/XX/XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Please see attached certification, PCCD and final alta. Please clear. Thank you.

Response 1 (XX/XX/XXXX XX:XXAM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2164840

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2164840

4 of 4

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. LCA score is XXXX.

Cleared

XXXX

2151898

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2151898

2 of 3

XXXX

Credit

Assets - Minimum Reserves

XXXX

Sufficient reserves to meet underwriting requirements and PITI were not verified in the file. The borrower was required to provide documentation supporting XXXX months reserves for the subject property in the amount of $XXXX. The loan file contained cash proceeds in the amount of $XXXX, and bank statements documenting an additional $XXXX, for a total of $XXXX, which did not meet the reserve requirement.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Submitting a new asset. Please see bank statement for XXXX for $XXXX. When added to cash proceeds $XXXX and XXXX bank statement balance $XXXX gives total assets $XXXX which well covers requires XXXX XXXX reserves of $XXXX. Condition satisfied,

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2151898

3 of 3

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.

Cleared

XXXX

2173473

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2173473

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173473

3 of 3

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.

Cleared

XXXX

2155669

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155669

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155669

3 of 3

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 SSR dated XX/XX/XXXX with a CU score over XXXX at XXXX; however, the loan file also contained a CDA, dated XX/XX/XXXX, which supports the appraised value. As the CDA was a second valuation product, per the rating agencies, this is graded as an EV2.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Hello, this is an EV2 and should be waived. Nothing is to be remitted to have this condition waived/cleared. Thank you.

Response 1 (XX/XX/XXXX XX:XXAM)
EV2 Valuation findings are not waived. Securitization does not allow a waiver. Resolved at an EV2 rating. (Resolved)

XXXX

2161479

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR (XXXX%) and the calculated APR (XXXX%), the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2161479

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2161479

3 of 3

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.

Cleared

XXXX

2167951

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2167951

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

Lender exception provided to allow residual income of $XXXX when guidelines require $XXXX. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see the exception approved by XXXX. Please clear. Thank you.

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

compensating factors: XXXX fico, minimal consumer debt, DTI well below XXXX allowable.

XXXX

2167951

3 of 3

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 supportive of value.

Cleared

XXXX

2180022

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180022

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180022

3 of 3

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.

Cleared

XXXX

2177441

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2177441

2 of 3

XXXX

Credit

Appraisal - Repairs

XXXX

The appraisal indicated repairs and improvements were required to support value, and no final inspection or evidence of completion was found in the file for the repair to the shed door. The appraiser indicated several repair issues on the subject-to-repair appraisal and while a XXXXD was provided is was indicated that the subject's repairs to remove the oil, as well as the boards with nails are all completed. There are no longer any safety concerns. However the door to the Shed has not been properly attached and that repair is not yet completed. The loan file did not contain any evidence of this issue being addressed.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please find the XXXXd reflecting thed door is now placed. Please clear. Thank you.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2177441

3 of 3

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 CU score is XXXX.

Cleared

XXXX

2180024

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180024

2 of 4

XXXX

Credit

Assets - Cash to Close

XXXX

The file did not contain evidence the borrower had the proper amount of funds required to close. The subject loan was a purchase of an investment property. The Closing Disclosure reflects the borrower's funds to close were $XXXX plus the required reserves of $XXXX for total assets required to be verified in the amount of $XXXX. The loan file contained asset documentation verifying assets in the amount of $XXXX; therefore, the borrower was short funds to close and reserves in the amount of $XXXX. ***Additional Conditions May Apply ***

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Please find XXXX months of the missing account, XXXX. Including this asset statement there are sufficient available funds for closing and reserves. Please clear. Thank you.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2180024

3 of 4

XXXX

Credit

Credit - Other

XXXX

There are additional observations that could impact the credit decision and/or quality of the loan. The subject loan was a purchase of an investment property under the DSCR program; however, the loan file was missing the Business Purpose Affidavit/Certification as required per the guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached Business Purpose XXXX. Please clear.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2180024

4 of 4

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 supported the value.

Cleared

XXXX

2180023

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180023

2 of 3

XXXX

Credit

Credit - Other

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please find the attached Business Purpose XXXX. Please clear the condition. Thank you.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2180023

3 of 3

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.

Cleared

XXXX

2155667

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2155667

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2155667

3 of 3

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.

Cleared

XXXX

2173471

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2173471

2 of 3

XXXX

Credit

Income - Insufficient Documentation

XXXX

The subject loan is a XXXX month business bank statement loan. The Self-Employed Business Narrative completed by the borrower was provided and reflected borrower's ownership interest was XXXX%. The investor guidelines required documentation to support the borrower's ownership interest by providing one of the following: CPA Letter, tax preparer letter, operating agreement or equivalent by a 3rd party. Required documentation was not provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX operating agreement uploaded. Supports XXXX% ownership for XXXX.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2173471

3 of 3

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 dated XX/XX/XXXX with a score of XXXX was provided and supported the appraised value.

Cleared

XXXX

2165695

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2165695

2 of 3

XXXX

Credit

Income - Employment History

XXXX

XXXX in file for the borrower having a XXXX month self employent history when XXXX years is required. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX approved exception for SE XXXX month history when XXXX month history required.

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Compensating factors: XXXX when XXXX is minimum; DTI XXXX% when XXXX% XXXX.

XXXX

2165695

3 of 3

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.

Cleared

XXXX

2180242

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180242

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180242

3 of 3

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.

Cleared

XXXX

2183807

1 of 3

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The borrower name on the Security Instrument is inconsistent with the Title Commitment report. Vested interest on the Security Instrument cannot be verified as accurate due to naming mismatch found in loan file.

Void

Response 1 (XX/XX/XXXX XX:XXAM)
Finding voided.

XXXX

2183807

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183807

3 of 3

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.

Cleared

XXXX

2183804

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183804

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183804

3 of 3

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.

Cleared

XXXX

2175378

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2175378

2 of 3

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Insurance policy

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2175378

3 of 3

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 CU Score of XXXX

Cleared

XXXX

2180247

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180247

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180247

3 of 3

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.

Cleared

XXXX

2183806

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183806

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183806

3 of 3

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.

Cleared

XXXX

2180245

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180245

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180245

3 of 3

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 supports the value.

Cleared

XXXX

2180244

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180244

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180244

3 of 3

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.

Cleared

XXXX

2183805

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183805

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183805

3 of 3

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.

Cleared

XXXX

2180246

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180246

2 of 3

XXXX

Credit

Credit - OFAC Screening

XXXX

The loan file does not contain evidence the Borrower(s) passed the OFAC screening process. The subject loan is a purchase of an investment property by a LLC. The loan file documents the LLC as the borrower is owned by another LLC that has a XXXX%/XXXX% ownership. The loan file does not contain an OFAC screening for the non borrowing owner that is considered a Key Principal as required per the guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see both Borrower OFAC searches cleared.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2180246

3 of 3

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 supported the value.

Cleared

XXXX

2180241

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180241

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180241

3 of 3

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.

Cleared

XXXX

2180243

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180243

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180243

3 of 3

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.

Cleared

XXXX

2183808

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183808

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183808

3 of 3

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.

Cleared

XXXX

2160359

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2160359

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2160359

3 of 3

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 CU score is XXXX.

Cleared

XXXX

2165783

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2165783

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2165783

3 of 3

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.

Cleared

XXXX

2160364

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2160364

2 of 4

XXXX

Credit

Contract Addendum - Missing

XXXX

The seller paid $XXXX of the buyer's closing costs; however, no contract addendum was provided to confirm seller paid cost.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached!

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2160364

3 of 4

XXXX

Credit

Credit Report - Minimum Trade Lines

XXXX

According to the XXXX provided in the loan file the subject loan closed under the Non-QM expanded Prime Core program. The borrower has one tradeline that has not had any activity since XXXX. Guidelines require XXXX tradelines reporting for XXXX+ months or XXXX tradelines reporting for XXXX+ months all with activity in the last XXXX months or one mortgage or installment tradeline for XXXX+ months.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
XXXX, please see attached guidelines. Per the UW we meet guides. Thank you!

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation not received. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Documentation not received.

Response 3 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2160364

4 of 4

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.

Cleared

XXXX

2170897

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2170897

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2170897

3 of 3

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.

Cleared

XXXX

2175524

1 of 3

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the addition to the following fees was not accepted: CDA fee. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See COC dated XXXX/XXXX that goes with Loan Estimate - appears it was not delivered in submission

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2175524

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175524

3 of 3

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 which supported the appraised value.

Cleared

XXXX

2175520

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX% the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2175520

2 of 4

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable

XXXX

Non- Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. If disclosure was delivered electronically evidence of receipt as well as the consumer's E-consent is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ICD sent on XXXX/XXXX appears it was not delivered in submisison

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2175520

3 of 4

XXXX

Credit

Liabilities - Mortgage Payment History

XXXX

A mortgage payment history reflects delinquency which exceed allowable program guidelines. Lender guidelines indicate the maximum mortgage delinquency allowed is 1x30x12. The origination credit report in file reflected mortgage delinquency of 2x30 and 1x60 in the last XXXX months for a mortgage with XXXX which was secured by the borrower's exit residence. The subject loan does not meet program parameters.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
please see UW response - XXXX guides

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Escalated.

Response 1 (XX/XX/XXXX XX:XXAM)
The program is Prime Core as opposed to Non-Prime Core. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Product was non-prime core. (Resolved)

XXXX

2175520

4 of 4

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.

Cleared

XXXX

2182204

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182204

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182204

3 of 3

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 is XXXX.

Cleared

XXXX

2182207

1 of 10

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182207

2 of 10

XXXX

Credit

Appraisal - Appraisal Missing

XXXX

Missing required appraisal from file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
appraisal

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2182207

3 of 10

XXXX

Credit

Assets - Cash to Close

XXXX

The file did not contain evidence the borrower had the proper amount of funds required to close. Cash required $XXXX + $XXXX reserves = $XXXX required to be verified. No asset statements were provided. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
bank stmt

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2182207

4 of 10

XXXX

Credit

Contract - Missing

XXXX

The file contained no evidence of a properly executed sales contract and seller credit addendum.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
contract

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2182207

5 of 10

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

The credit report is missing. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
credit report

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2182207

6 of 10

XXXX

Credit

DSCR - Missing background check

XXXX

Missing the fraud and background check on the borrower.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
fraud report

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2182207

7 of 10

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
flood cert

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2182207

8 of 10

XXXX

Credit

Initial Application - Missing

XXXX

The Initial application is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2182207

9 of 10

XXXX

Credit

Title Commitment - Missing/Incomplete

XXXX

The title commitment/policy is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
prelim

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2182207

10 of 10

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ssr

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
CDA

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
CDA

Response 1 (XX/XX/XXXX XX:XXAM)
SSR did not return a CU score. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
CDA not received. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2182205

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182205

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182205

3 of 3

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 is XXXX.

Cleared

XXXX

2165505

1 of 3

XXXX

Compliance

Security Instrument - Missing Rider/Addendum

XXXX

The following referenced Rider(s) / Legal Addendum(s) are missing: XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Mortgage with PUD rider included

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2165505

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2165505

3 of 3

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.

Cleared

XXXX

2167961

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2167961

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2167961

3 of 3

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.

Cleared

XXXX

2179921

1 of 4

XXXX

Compliance

TRID - CD/Lender Credits that Cannot Decrease (No Valid COC)

XXXX

The loan failed the Lender Credits that Cannot Decrease Test. The lender credit decreased on the CD issued on XX/XX/XXXX without a valid change of circumstance. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see the attached to clear the condition

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2179921

2 of 4

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable

XXXX

Non- Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. If disclosure was delivered electronically evidence of receipt as well as the consumer's E-consent is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached to clear condition

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2179921

3 of 4

XXXX

Credit

DSCR - Missing Entity Documentation

XXXX

The Lender's guidelines require a certificate of good standing, which must be dated within XXXX days of closing. The loan file contains a certificate of good standing; however, it is not dated.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached to clear XXXX-XXXX-XXXX

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
See attached to clear

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX does not address defect. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2179921

4 of 4

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 value.

Cleared

XXXX

2177178

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2177178

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2177178

3 of 3

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.

Cleared

XXXX

2179923

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2179923

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179923

3 of 3

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.

Cleared

XXXX

2179922

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2179922

2 of 4

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See attached to clear

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
see attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documents not received. Please resubmit. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2179922

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179922

4 of 4

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.

Cleared

XXXX

2165540

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2165540

2 of 5

XXXX

Credit

Appraisal - Other

XXXX

The subject property is listed as legal non-conforming on the appraisal. While the appraisal does indicate the status does not impact marketability it does not include any statement indicating if the subject property can be rebuilt if destroyed.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see update appraisal report attached

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Please review the note dated XXXX/XXXX on the first page of the appraisal report. The appraiser’s comment addresses the rebuild verbiage. Kindly review and clear the condition accordingly.

Response 1 (XX/XX/XXXX XX:XXAM)
Please add rebuild verbiage to the appraisal report. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2165540

3 of 5

XXXX

Credit

Assets - Minimum Reserves

XXXX

Sufficient reserves to meet underwriting requirements and PITI were not verified in the file. The loan file requires $XXXX in verified reserves but contains $XXXX in verified assets. The loan file is short $XXXX. Originations used the beginning balance of the XX/XX/XXXX bank statement instead of the ending balance.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
This file does not require reserves. It&#XXXX;s primary transaction and the LTV is less than XXXX% with loan amount less than $XXXXMM. I removed the asset. Please see updated XXXX and XXXX.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Please refer to the green highlighted section in the attached document. As shown, the LTV for this file does not exceed XXXX% and the loan amount is below $XXXXM; therefore, no reserves are required. Kindly review and clear the condition accordingly.

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
So sorry for the confusion. Please refer to the green highlighted section in the attached document. As shown, the LTV for this file does not exceed XXXX% and the loan amount is below $XXXXM; therefore, no reserves are required. Kindly review and clear the condition accordingly.

Response 1 (XX/XX/XXXX XX:XXAM)
Reserve section of the guide requires XXXX months of reserves. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation not received. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2165540

4 of 5

XXXX

Credit

FEMA

XXXX

FEMA Declaration declared XX/XX/XXXX for XXXX XXXX [XX-XXXX-XXXX] with an incident period of XX/XX/XXXX- XX/XX/XXXX which is after the original appraisal date XX/XX/XXXX. Please provide Property Inspection to confirm no damage.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see PDI report attached :) Thank you!

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Sorry for confusion I forgot to click the upload button... Please see attached.

Response 1 (XX/XX/XXXX XX:XXAM)
PDI not received. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2165540

5 of 5

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.

Cleared

XXXX

2165542

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2165542

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2165542

3 of 3

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 supportive of value.

Cleared

XXXX

2165541

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2165541

2 of 3

XXXX

Credit

Assets - Bank Statements

XXXX

The subject loan is a XXXX month bank statement loan where XXXX months' bank statements are required to document income. The loan file contains bank statements froml XXXX to XXXX or XXXX months. The income calculator indicates a bank statement for XXXX was provided. Provide the bank statement for XXXX. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Here is the Bank Statement for XXXX.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2165541

3 of 3

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.

Cleared

XXXX

2165543

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2165543

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2165543

3 of 3

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.

Cleared

XXXX

2177260

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2177260

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2177260

3 of 3

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.

Cleared

XXXX

2175441

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2175441

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175441

3 of 3

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.

Cleared

XXXX

2182176

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182176

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182176

3 of 3

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.

Cleared

XXXX

2156814

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2156814

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2156814

3 of 3

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 CU Score is XXXX

Cleared

XXXX

2086358

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: Prepayment XXXX to Note is incomplete: The borrower is an entity. The individual's name does not include their title and entity name is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Corrected docs required

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2086358

2 of 4

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: Prepayment Rider is incomplete: The borrower is an entity. The individual's name does not include their title and entity name is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Corrected docs required

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2086358

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2086358

4 of 4

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 CU score of XXXX.

Cleared

XXXX

2179866

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2179866

2 of 4

XXXX

Credit

Assets - Minimum Reserves

XXXX

Per the final XXXX there are XXXX retirement funds being utilized for reserves, guidelines require the terms and conditions to withdrawal to utilize these funds as reserves. The terms and conditions were not located within the loan file, this causes a reserve shortage of $XXXX. Additional conditions may apply.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Doc provided

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
The funds were sufficient a closing, the doc was only to prove he had full access to funds

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
The EMD came from a different account - ocean bank - XXXX We have a full bank account not being taken into consideration - which has an ending balance of XXXX - so they should not be subtracting that from the assets, as that was account #XXXX not included in their calculation

Response 1 (XX/XX/XXXX XX:XXAM)
After applying the XXXX funds, the file still short of required reserves by $XXXX. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Assets required: $XXXX POC + $XXXX EMD + XXXX Cash to Close + $XXXX reserves = $XXXX total required. Assets available: XXXX #XXXX $XXXX + XXXX #XXXX $XXXX + XXXX #XXXX $XXXX + Cleared EMD $XXXX + XXXX $XXXX = $XXXX total available. Shortage $XXXX. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: XXXX% DTI, self-employed XXXX years, XXXXx30x70 month mortgage history.

XXXX. XXXX% LTV. XXXX% LTV.

XXXX

2179866

3 of 4

XXXX

Credit

Income - Other/Missing

XXXX

The final XXXX reflects $XXXX in rental income for the investment property located at XXXX, XXXX XXXX, but a copy of the lease agreement supporting $XXXX was not located within the loan file causing the DTI to exceed the maximum allowed of XXXX%. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Lease provided

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2179866

4 of 4

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 CU score of XXXX supports the appraised value.

Cleared

XXXX

2116813

1 of 5

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: Missing notary signature and stamp/seal.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2116813

2 of 5

XXXX

Compliance

Security Instrument - Missing Rider/Addendum

XXXX

The following referenced Rider is missing: Renewal and Extension Rider.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
MTG

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is not sufficient to clear the finding. The recorded Mortgage has been provided; however; the Renewal and Extension Rider is missing. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2116813

3 of 5

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: Appraisal review increased on CD XX/XX/XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
appraisal desk review due to value on the appraisal increasing by XXXX% within the past XXXX months.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2116813

4 of 5

XXXX

Credit

Program Parameters - Other

XXXX

XXXX provided for XXXX NSFs in the last XXXX months. Client to approve downgrading finding based on compensating factors.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Exception was cancelled due to receiving updated statements, this is no longer needed. Please review

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Documentation uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation not received. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Only XXXX XXXX in the last XXXX months. (Resolved)

?Compensating Factors: LTV XXXX

XXXX

2116813

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2110664

1 of 6

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees were not accepted: Loan Discount Points and Credit Report fee. A cost to cure in the amount of $XXXX is required of which $XXXX was cured at closing. There is a remaining cost to cure in the amount of $XXXX required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
CIC provided for discount points; credit report fee cure of $XXXX was applied at closing

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2110664

2 of 6

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

Not all required credit reports are within the file. The most recent credit report dated XX/XX/XXXX for the borrower and XX/XX/XXXX for the co-borrower and the loan closed on XX/XX/XXXX. Guidelines require a gap credit report or undisclosed debt monitoring report no more than XXXX days prior to the closing date which is missing from the file. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ATTACHED

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2110664

3 of 6

XXXX

Credit

Gift Letter - No Evidence of Funds

XXXX

No evidence of the transfer of gift funds from the donor to the borrower was located in the file. The file contained a gift letter in the amount of $XXXX and a second gift letter in the amount of $XXXX. The Closing Disclosure reflected a gift wired to the title company in the amount of $XXXX. The file did not contain proof of the transfer of the $XXXX. Without these funds, the borrowers are short $XXXX in required assets. In addition, the gift letter for the amount wired to the title company ($XXXX) is missing. Additional conditions may apply.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Total assets $XXXX between borrowers. Borrowers brought $XXXX in and a gift of $XXXX. No gift of $XXXX needed

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
ATTACHED

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
There was only XXXX gift attached are the assets verified

Response 1 (XX/XX/XXXX XX:XXPM)
$XXXX asset shortage exists without the $XXXX gift. A portion of that shortage is the XXXX XXXX day account balance of $XXXX. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Still missing additional gift transfer. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
The $XXXX bonus deposit into the XXXX account leaves a $XXXX cash to close shortage and a $XXXX reserve shortage. (XXXX)

Response 4 (XX/XX/XXXX XX:XXPM)
Residual income is only $XXXX per month. (XXXX)

Response 5 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor, (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Investor reviewed and elects to waive. Noted Compensating factors: Self-employed XXXX years, $XXXX monthly residual income, 0x30 mortgage history for XXXX months reviewed, XXXX qualifying credit score.

XXXX. $XXXX per month residual income.

XXXX

2110664

4 of 6

XXXX

Credit

Income - Rental Property Income

XXXX

The documentation supporting income from other real estate owned is not adequately supported to meet underwriting guidelines. The file is missing the lease for the rental income used for the departure residence in the amount of $XXXX. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
ATTACHED

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2110664

5 of 6

XXXX

Credit

Liabilities - Excluded Debts

XXXX

There was no explanation or support for the omission of one or more debts from the initial application. The UW notes indicated there were excluded debts for the DTI calculation. Based on the documentation provided in the file XXXX debts were able to be omitted at review (XXXX and XXXX). No further documentation or indication of what additional debts were omitted n file. The audit DTI is XXXX%. Additional explanation and documentation required in order to omit additional debts. Additional conditions may apply.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
For the excluded solar it shows on the purchase agreement the seller is paying it off

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
ATTACHED

Response 1 (XX/XX/XXXX XX:XXAM)
The XXXX% DTI already reflects excluding the solar account. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The ledger provided does not detail which items on the credit report are being paid by the business. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
Residual income is only $XXXX per month. (XXXX)

Response 4 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor, (Waived)

XXXX. $XXXX per month residual income.

XXXX

2110664

6 of 6

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.

Cleared

XXXX

2133441

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2133441

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2133441

3 of 3

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 CU score is XXXX.

Cleared

XXXX

2129579

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The XXXX lists the borrowers in their individual name, however the borrower is the entity, The borrower name to be corrected to reflect the entity name and not the individuals.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see page XXXX of rider, LLC entity appears on page XXXX of XXXX. The individual name(s) appear on page XXXX of XXXX. Rider is correct as is.

Response 1 (XX/XX/XXXX XX:XXPM)
The information provided is not sufficient to clear the finding. Page XXXX is stating who the borrower is. The borrower is the entity therefore should reflect the name of the entity and not the individual. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The printed name on page one does indicate and authorized person. This is sufficient to cure the exception. (Resolved)

XXXX

2129579

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2129579

3 of 3

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.

Cleared

XXXX

2121275

1 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The borrower is an entity with a guaranty agreement, however the Prepayment Addendum listed the borrower as an individual. The borrower's name needs to be corrected to reflect the Entity name with Title instead of the individual name.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Doc provided

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2121275

2 of 5

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. There is a Prepayment Rider in file signed by the borrower; However its not referenced in section (E) Riders as attached. Please provide the revised mortgage document, which included the necessary corrections on page XXXX. The borrower is required to initial the changes made.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
DOT provided

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
DOT provided

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
The DOT includes both riders and is for this correct loan. Please clear

Rebuttal 4 (XX/XX/XXXX XX:XXAM)
Not sure where the XXXX address is. Please refer to page XXXX of the mortgage that has the correct subject property of &#XXXX;XXXX. Philadelhia&#XXXX;

Rebuttal 5 (XX/XX/XXXX XX:XXAM)
Doc provided for both riders

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to cure the finding.The corrected Mortgage toinclude the rider have been reviewed and acceptable. The Letter of Intentcannot be used to cure the exception; re-recording the document is thecure. Please provide evidence when the documents have been recorded. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The recorded Mortgage and all riders provided are not for the subject property. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The recorded Mortgage and all riders provided are not for the subject property; the Mortgage provided is for the address XXXX Albany, XXXX XXXX. (XXXX)

Response 4 (XX/XX/XXXX XX:XXAM)
The documentation provided is not sufficient to clear the finding. The recorded Mortgage and all riders provided are not for the subject property; the Mortgage provided in rebuttal is for borrowers XXXX with an address located at XXXX. If you have the corrected subject property Mortgage please provide a copy for review. (XXXX)

Response 5 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2121275

3 of 5

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The borrower is an entity with a guaranty agreement, however the Prepayment Rider listed the borrower as an individual. The borrower's name needs to be corrected to reflect the Entity name with Title instead of the individual name.

Resolved

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to cure the finding. The corrected Mortgage to include the rider have been reviewed and acceptable. The Letter of Intent cannot be used to cure the exception; re-recording the document is the cure. Please provide evidence when the documents have been recorded. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The recorded Mortgage and all riders provided are not for the subject property. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The recorded Mortgage and all riders provided are not for the subject property; the Mortgage provided is for the address XXXX Albany, XXXX XXXX. (XXXX)

Response 4 (XX/XX/XXXX XX:XXAM)
The documentation provided is not sufficient to clear the finding. The recorded Mortgage and all riders provided are not for the subject property; the Mortgage provided in rebuttal is for borrowers XXXX with an address located at XXXX. If you have the corrected subject property Mortgage please provide a copy for review. (XXXX)

Response 5 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2121275

4 of 5

XXXX

Credit

Contract - Concessions

XXXX

According to the final HUD-XXXX settlement statement, the borrower received $XXXX in seller credit; however, the purchase agreement did not indicate any seller paid costs and the loan file did not contain an addendum for seller paid costs.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
addendum provided

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2121275

5 of 5

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.

Cleared

XXXX

2133449

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2133449

2 of 3

XXXX

Credit

Credit - Other

XXXX

The loan file contains a lender exception as the VOM indicates XXXXX30 days lates in the las XXXX months on the Mr. XXXX which exceeds the investor allowed 1X30 for the past XXXX months. It should be noted that the payment was included due to lender guidelines stating when the borrower owns mortgaged real estate the existing PITI payment must be counted as part of the borrowers recurring monthly payments however the documentation provided does not indicate the borrower is liable for the mortgage that incurred the late payments. Client to approve downgrade based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
approval

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Compensating Factors: Good XXXX- Monthly residual income over $XXXX- Loan not a private lender but not reporting on credit report, VOM documentation does not indicate borrower is on the loan.

XXXX

2133449

3 of 3

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.

Cleared

XXXX

2121302

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2121302

2 of 5

XXXX

Credit

Assets - Other

XXXX

Per the lender's guidelines when using retirement funds for closing/reserves the most recent XXXX month or quarterly bank statements is required to determine value of assets. Borrower XXXX retirement account with XXXX was being utilized. The account statement was dated XXXX/XXXX - XX/XX/XXXX. The note date is XX/XX/XXXX. The most recent quarterly statement was not obtained.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
doc provided

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2121302

3 of 5

XXXX

Credit

Assets - Other

XXXX

The loan application reflected the property at XXXX was sold and the net proceeds ($XXXX) were being utilized towards the purchase of the subject property. Per the lender's guidelines if the proceeds from the sale of a currently owned home are needed for the down payment and closing costs on the new house, then XXXX% can be considered and the source of funds must be verified by a fully executed settlement statement. The loan file did not contain a fully executed settlement statement. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
doc providedd

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2121302

4 of 5

XXXX

Credit

Program Parameters - Property Type

XXXX

The subject loan does not meet Program Parameters for Property Type. Per the lender's guidelines properties with greater than XXXX acres are ineligible. The appraisal reflects the subject property is XXXX acres.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
This is if a rural property; the appraisal shows as suburban

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
The appraisal confirms this is not rural therefore nothing is needed per our guidelines.

Response 1 (XX/XX/XXXX XX:XXPM)
Page XXXX of the guide indicates lot sizes greater than XXXX acres are ineligible. There is no location designation implied. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Unable to clear based on guidelines. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Investor reviewed and elects to waive. Noted compensating factors: XXXX qualifying credit score, $XXXX verified reserves, $XXXX monthly residual income

XXXX. XXXX months of reserves.

XXXX

2121302

5 of 5

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.

Cleared

XXXX

2123309

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2123309

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2123309

3 of 3

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.

Cleared

XXXX

2137639

1 of 3

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The borrower is an entity. The 1st page of the Assignment of Rents lists the borrower as an Individual; the entity name should be listed.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2137639

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137639

3 of 3

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.

Cleared

XXXX

2144405

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The subject loan is vested in an LLC; however, the Assignment of Leases and XXXX reflects an individual on page XXXX of XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
MTG

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2144405

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2144405

3 of 3

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.

Cleared

XXXX

2137017

1 of 5

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

Acknowledged

XXXX

2137017

2 of 5

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The borrower signed the Mortgage on XX/XX/XXXX, however the XXXX acknowledgement says they appeared a day earlier on XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Please confirm a corrective affidavit is acceptable to clear

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Doc provided

Response 1 (XX/XX/XXXX XX:XXAM)
a Corrective Deed and re-recording would be required/acceptable. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2137017

3 of 5

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The XXXX acknowledgment section is missing whether a corporate seal or the LLC has no corporate seal.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
doc provided

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2137017

4 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137017

5 of 5

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

Cleared

XXXX

2136009

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2136009

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136009

3 of 3

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.

Cleared

XXXX

2136999

1 of 3

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2136999

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136999

3 of 3

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.

Cleared

XXXX

2136001

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2136001

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136001

3 of 3

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.

Cleared

XXXX

2133458

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2133458

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2133458

3 of 3

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.

Cleared

XXXX

2132217

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Prepayment Note Addendum is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
adden

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2132217

2 of 4

XXXX

Compliance

Security Instrument - Missing Rider/Addendum

XXXX

The following referenced Rider is missing: Prepayment Rider

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PP rider

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2132217

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2132217

4 of 4

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.

Cleared

XXXX

2137003

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137003

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137003

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2133460

1 of 3

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2133460

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

The subject is vested in an LLC. The file is missing the required Operating Agreement.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Guideline requires operating agreement reflecting the borrower is an authorized signer on behalf of the LLC and has the power to first mortgage the security property for the purpose of securing a loan (or equivalent documentation). The EIN letter from IRS indicates borrower is sole member of the LLC. The certificate of formation indicates business purpose and names all members/managers.

Response 1 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Resolved)

XXXX

2133460

3 of 3

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.

Cleared

XXXX

2137008

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137008

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137008

3 of 3

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.

Cleared

XXXX

2136024

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2136024

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136024

3 of 3

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.

Cleared

XXXX

2139471

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2139471

2 of 4

XXXX

Credit

Debts - Not Verified

XXXX

The application lists significant debts that were not verified on the credit report and not independently verified. The Final Application reflects the borrower owning a plot of land located at XXXX., XXXX, XXXX XXXX, however the loan file does not contain documentation that reflects the Mortgage (if any), HOI (if any), HOA (if any) and property taxes for this location.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
land

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2139471

3 of 4

XXXX

Credit

Program Parameters - LTV

XXXX

The loan file contains a lender exception to allow the borrower to close with a XXXX% LTV when purchasing a primary and currently living rent free. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
approval

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

Compensating factors: Post closing reserves of XXXX months monthly residual income of $XXXX

XXXX

2139471

4 of 4

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 CU Score of XXXX

Cleared

XXXX

2136034

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The Assignment of Leases and XXXX on page XXXX lists the borrowers in their individual name, however the borrower is the Entity. The borrower name to be corrected to reflect the entity name and not the individuals.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
MTG

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2136034

2 of 3

XXXX

Credit

Gift Letter - Missing

XXXX

A required gift letter was missing from the file and/or the donor funds were not verified. The Borrower received three gifts as a part of the transaction: The EMD was a gift in the amount of $XXXX which was documented with a gift letter. The second gift in the amount of $XXXX was also documented on the HUD-XXXX and with a gift letter. However, a 3rd gift in the amount of $XXXX separate and distinct from the EMD gift was also listed on the HUD. No gift letter was presented for this gift, although the gift did appear to be from the same donor as the EMD gift. Note, these additional funds were needed for closing. If the gift listed on the HUD is the same as the EMD gift, then the Borrower would be short funds to close.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: DSCR of XXXX, XXXX qualifying credit score.

XXXX. XXXX DSCR. XXXX months of reserves.

XXXX

2136034

3 of 3

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 supported the appraised value.

Cleared

XXXX

2137652

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137652

2 of 4

XXXX

Credit

Income - Other

XXXX

XXXX in file as the subject loan does not meet Program Parameters for use of commission income. Per the lender’s guidelines commission income received in addition to base pay or borrower is paid commission only may be used as qualifying income if the borrower has a XXXX-year consecutive history of receipt and it must be likely to continue for the next XXXX years. A review of the WVOE reflects the borrower has been receiving commission for only XXXX months. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
exception provided

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

Compensating factors: LTV less than XXXX% and at least XXXX% less than guideline maximum; Monthly reserves are verified and at least XXXX months more than guidelines minimum

XXXX

2137652

3 of 4

XXXX

Credit

Program Parameters - Credit Score

XXXX

XXXX in file as the subject loan does not meet Program Parameters for minimum credit score. The qualifying credit score is XXXX. Per the lender’s guidelines the minimum allowable credit score is XXXX. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Exception provided

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

Compensating factors: LTV less than XXXX% and at least XXXX% less than guideline maximum; Monthly reserves are verified and at least XXXX months more than guidelines minimum

XXXX

2137652

4 of 4

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.

Cleared

XXXX

2137657

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137657

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137657

3 of 3

XXXX

Valuation

Appraisal - Value is not supported within 10% of original appraisal amount

XXXX

The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
CDA not required as this is to be treated as a flip sale. Subject last sold XX/XX/XXXX for an undisclosed amount. See section XXXX of guide.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Per underwriter, this was a bank owned REO and not considered a flip per section 903.

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
cda

Response 1 (XX/XX/XXXX XX:XXPM)
Agree. In this case a second appraisal is required to support value. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
In any event, either a CDA or a second appraisal is required. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2169310

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2169310

2 of 3

XXXX

Credit

Assets - Minimum Reserves

XXXX

Sufficient reserves to meet underwriting requirements were not verified in the file. The loan application reflected net proceeds were being utilized. The net proceeds (deposited XX/XX/XXXX) were already included in the account balance with XXXX #XXXX XX/XX/XXXX. XXXX #XXXX and #XXXX are business accounts. Per the lender’s guidelines assets from the borrower’s businesses are acceptable provided that the withdrawal of funds for the transaction will not have a negative impact on the business and its continued operations. One of the following is required: A signed letter from a CPA/licensed tax preparer or a satisfactory Cash Flow Analysis (CFA) completed by the underwriter or other XXXX justification documented in the file. The loan file did not contain the required documentation to support the use of business assets. It should be noted XXXX #XXXX is not an eligible source of funds as this account is in the name of XXXX. The loan file did not contain documentation (i.e. business narrative, evidence of good standing…) to support the use of this business. Additionally, sufficient funds to cover the unpaid balance of the XXXX $XXXX (open XXXX-day charge account) is required. As a result, the borrower was short $XXXX in assets ($XXXX reserve shortage plus $XXXX XXXX balance). Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached is the XXXX - UW analyzed business assets - also using XXXX% for XXXX - please review

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
ATTACHED

Response 1 (XX/XX/XXXX XX:XXPM)
Section XXXX indicates a XXXX XXXX account must be paid in full. Using all bank accounts the borrower is $XXXX short reserves before the XXXX account is excluded from debts. The total reserve shortage is $XXXX. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Asset update on the XXXX is not asset documentation. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

Response 4 (XX/XX/XXXX XX:XXAM)
Upon further review, the file is still short $XXXX in reserves. (XXXX)

Response 5 (XX/XX/XXXX XX:XXAM)
Reserves are sufficient after applying a XXXX% payment for the XXXX XXXX day account. (Resolved)

XXXX

2169310

3 of 3

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.

Cleared

XXXX

2175580

1 of 3

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Appraisal. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
lender cure

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2175580

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175580

3 of 3

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 is XXXX.

Cleared

XXXX

2136998

1 of 4

XXXX

Compliance

HUD1 - Not Final

XXXX

Acknowledged

XXXX

2136998

2 of 4

XXXX

Credit

Credit Report - Adverse Credit

XXXX

XXXX in file due to multiple bankruptcy filings by Borrower. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
exception provided

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Compensating Factors: XXXX months PITI Reserves, XXXX XXXX

XXXX

2136998

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

XXXX in file for the Borrower currently living Rent Free. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
exception provided

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Compensating Factors: XXXX months PITI Reserves, XXXX XXXX

XXXX

2136998

4 of 4

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 CU Score is XXXX

Cleared

XXXX

2137002

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137002

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137002

3 of 3

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.

Cleared

XXXX

2137661

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2137661

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137661

3 of 3

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.

Cleared

XXXX

2136040

1 of 4

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The Assignment of Leases and XXXX disclosed the individuals as Assignors on Page XXXX, the Entity should be disclosed.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ALR rider

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2136040

2 of 4

XXXX

Compliance

State Regulations

XXXX

Acknowledged

XXXX

2136040

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136040

4 of 4

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.

Cleared

XXXX

2182013

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182013

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file is missing the Final Hud-XXXX documentation on two properties the Primary Home XXXX and XXXX & XXXX to documents funds to close. Additional conditions may apply.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Escalated.

Response 1 (XX/XX/XXXX XX:XXPM)
Explanation received is sufficient. (Void)

XXXX

2182013

3 of 3

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.

Cleared

XXXX

2137675

1 of 4

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The Assignment of Leases and XXXX have the individual listed as the borrower on Pg XXXX rather than being the Entity as signed on Pg XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2137675

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2137675

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137675

4 of 4

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.

Cleared

XXXX

2169601

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2169601

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

XXXX provided for B2 currently following living rent free guides. XXXX is XXXX%. Requested to go to XXXX%. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
approval

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

Compensating Factors: XXXX XXXX reserves

XXXX

2169601

3 of 3

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 is XXXX.

Cleared

XXXX

2182229

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The Assignment of Rents on page one lists the individual instead of the entity name. The borrower is the entity therefore the entity name should be listed.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ALR correction

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2182229

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182229

3 of 3

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.

Cleared

XXXX

2154908

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2154908

2 of 3

XXXX

Credit

DTI - Exceeds Guidelines

XXXX

The DTI exceeds Originator Guidelines - at submission rental income was being listed at the full amount, not taking into consideration the XXXX% vacancy factor. Rental income at time of submission was $XXXX however the appraisal states that the market rent for the subject and the XXXX ADU that is being rented is $XXXX and when taking into consideration the XXXX% vacancy factor and the PITIA of the property the available income is $XXXX. Using the corrected income the borrowers back end DTI increased from XXXX% to XXXX%.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Rental income was reflected on the Schedule E and a rental worksheet provided Taking into account a XXXX% vacancy factor brings us to $XXXX, not $XXXX

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Take the XXXX out for the ADU, update the rental income to XXXX since the taxes and insurance are already counted in the DTI. XXXX is the rental income from the sch e - thus removing the lease from the calculations. DTI is at XXXX with this

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
The borrower is living in one of the ADUs and is renting out both the subject property and the second ADU.

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX and Originator calculations differ. Even the rent worksheet provided in rebuttal only reflects $XXXX per month in positive rental. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Please clarify how the borrowers are residing in the subject and renting the subject simultaneously, other than the ADU. The application reflects only $XXXX per month gross rent for the ADU. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Resolved)

XXXX

2154908

3 of 3

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.

Cleared

XXXX

2169619

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. XXXX and Credit Report. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2169619

2 of 3

XXXX

Credit

Title Commitment - Missing/Incomplete

XXXX

The title commitment is missing the correct proposed insured and insurance amount.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
tpol

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2169619

3 of 3

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 is XXXX.

Cleared

XXXX

2180034

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180034

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180034

3 of 3

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 value.

Cleared

XXXX

2180044

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180044

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180044

3 of 3

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.

Cleared

XXXX

2169312

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2169312

2 of 4

XXXX

Credit

Contract Addendum - Missing

XXXX

Per final closing disclosure dated XX/XX/XXXX, borrower received interested party concessions of $XXXX. The purchase agreement obtained in the loan file reflects the seller's concessions is XXXX%. However, the loan file does not contain an addendum indicating the seller's concessions of $XXXX as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see the Offer to Purchase and Contract, page XXXX, section 1(e) seller concessions, which notes “XXXX% of purchase price” (XXXX) is XXXX.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
I did not upload this because you already have it. See page XXXX of the XXXX pages uploaded. See item (e) Seller Concessions towards bottom of page.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation not received. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2169312

3 of 4

XXXX

Credit

Income - Employment History

XXXX

Per Lender's guides, the co-borrower's business must be verified to be in existence for at least XXXX years and has a minimum of XXXX% ownership. However, the loan file does not contain any verification for the co-borrower's business as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
B2

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2169312

4 of 4

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.

Cleared

XXXX

2160004

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2160004

2 of 5

XXXX

Credit

DSCR - Missing Entity Documentation

XXXX

The guidelines indicate an OFAC Search is required for all Entity Members with >=XXXX% interest. The Operating Agreement reflects XXXX as a XXXX% interest member of XXXX. The loan file is missing an OFAC Search for XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
OFAC

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2160004

3 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The guidelines indicate cash out funds used for consumer or personal reasons make the transaction ineligible. The Cash out purpose LOE from the XXXX indicates loan proceeds would be used to return funds back to the Borrowers personal investment portfolio, which makes the loan transaction ineligible for financing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The borrower’s use of proceeds is consistent with a business-purpose loan. Reimbursement of an initial capital contribution is a standard and acceptable use, and the stated intent to redeploy funds into an investment portfolio reflects continued investment activity rather than consumer use. There is no indication of personal, household, or consumer-related use of funds, so this language should meet business-purpose requirements.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
LOE

Response 1 (XX/XX/XXXX XX:XXPM)
Letter should not contain the word "personal" and the focal point should be purchase of and maintenance of Investment properties. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2160004

4 of 5

XXXX

Credit

Mortgage History - Missing/Incomplete

XXXX

XXXX in file for the incomplete VOR history for Borrower XXXX. Client to approve downgrading finding based on compensating factors. ?

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Exception

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

Compensating Factors: XXXX XXXX, XXXX months PITI Reserves

XXXX

2160004

5 of 5

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 CU Score is XXXX

Cleared

XXXX

2180036

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180036

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180036

3 of 3

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.

Cleared

XXXX

2156836

1 of 4

XXXX

Compliance

TRID - CD - Broker NMLS Missing or Inaccurate

XXXX

The Mortgage Broker/Loan Officer NMLS disclosed on the CD issued on XX/XX/XXXX does not match the XXXX site. Truth in XXXX (Regulation Z) 12 CFR 1026.38(r)(3), (XXXX)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PCCD

Response 1 (XX/XX/XXXX XX:XXAM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2156836

2 of 4

XXXX

Credit

Program Parameters - LTV

XXXX

The LTV does not meet the minimum program eligibility guidelines. The subject transaction was the purchase of a for sale by owner, purchased by the borrower from the current landlord. Therefore, the transaction is non-arm’s length and at-interest party transaction. Per the lender’s guidelines for this type of transaction the maximum LTV/CLTV is XXXX%. The subject transaction closed at XXXX% LTV/CLTV. Additional conditions may apply.

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXAM)
Client reviewed and elects to waive. Noted Compensating factors: XXXX qualifying credit score, XXXX% DTI, $XXXX reserves, $XXXX residual income

XXXX qualifying credit score, XXXX% DTI, $XXXX reserves, $XXXX residual income

XXXX

2156836

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The subject loan does not meet Program Parameters for housing history. The subject transaction was the purchase of a for sale by owner, purchased by the borrower from the current landlord. Therefore, the transaction is non-arm’s length and at-interest party transaction. Per the lender’s guidelines a VOR/credit supplement is not acceptable. Cancelled checks are required to prove timely payments. The loan file contained did not contain cancelled checks. Additional conditions may apply.

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXAM)
Client reviewed and elects to waive. Noted Compensating factors: XXXX qualifying credit score, XXXX% DTI, $XXXX reserves, $XXXX residual income

XXXX qualifying credit score, XXXX% DTI, $XXXX reserves, $XXXX residual income

XXXX

2156836

4 of 4

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.

Cleared

XXXX

2173170

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2173170

2 of 3

XXXX

Credit

Assets - Minimum Reserves

XXXX

Sufficient reserves to meet underwriting requirements of XXXX months XXXX were not verified in the file. Loan file is short reserve requirements by $XXXX.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXAM)
Client reviewed and elects to waive. Noted Compensating factors: XXXX qualifying credit score, self-employed XXXX years, $XXXX residual income

XXXX qualifying credit score, self-employed XXXX years, $XXXX residual income

XXXX

2173170

3 of 3

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 is XXXX.

Cleared

XXXX

2182216

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182216

2 of 3

XXXX

Credit

Expired Documents

XXXX

Funds to close required for subject closing were $XXXX ($XXXX POC + $XXXX EMD + XXXX funds due at closing + $XXXX reserves). Assets were verified in the amount of $XXXX, this is due to the XXXX savings acct XXXX for $XXXX dated XX/XX/XXXX has expired. As a result, funds for closing were short $XXXX. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
assets

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2182216

3 of 3

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 CU score is XXXX.

Cleared

XXXX

2173183

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2173183

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173183

3 of 3

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 appraised value.

Cleared

XXXX

2175218

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2175218

2 of 3

XXXX

Credit

Assets - Minimum Reserves

XXXX

Sufficient reserves to meet underwriting requirements and PITI were not verified in the file. XXXX months reserves, or $XXXX are required. Total cash to close totals $XXXX. POC of $XXXX, EMD of $XXXX, and XXXX totaling $XXXX, all of which were documented and verified, come to a total of $XXXX in total cash to close. Reserves and total cash to close amount to $XXXX in required assets. The borrowers' total verified assets are $XXXX, which results in a reserve shortage of $XXXX.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
approval

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. XXXX% DTI. XXXX% LTV.

XXXX

2175218

3 of 3

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.

Cleared

XXXX

2160023

1 of 5

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Flood Certification, Tax Service Fee, Verifications/Credit Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2160023

2 of 5

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ICD

Response 1 (XX/XX/XXXX XX:XXAM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2160023

3 of 5

XXXX

Compliance

TRID - Zero Tolerance Violation (Disclosure Timing Fail)

XXXX

The loan failed the charges that cannot increase test. Because the loan failed the initial CD delivery date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following addition: Discount Points. A total cost to cure in the amount of $XXXX is required, of which $XXXX was cured at closing. A cost to cure in the amount of $XXXX remains.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ICD

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
addtl LEs

Response 1 (XX/XX/XXXX XX:XXAM)
The Initial CD provided did not clear the addition of Points that occurred on XX/XX/XXXX. Rate locked on XX/XX/XXXX. LEs on file XXXX/XXXX. CDs on file XXXX/XXXX, XXXX/XXXX. If there are any missing LE or CD please provide along with evidence of receipt if any. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2160023

4 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2160023

5 of 5

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 CU Score is XXXX

Cleared

XXXX

2180037

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180037

2 of 3

XXXX

Credit

Title Commitment - Incorrect

XXXX

The title commitment shows an incorrect proposed insurance amount. Amount should reflect $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
tpol

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2180037

3 of 3

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 is XXXX.

Cleared

XXXX

2160506

1 of 3

XXXX

Compliance

TRID - 10% Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Recording Charges. A cost to cure in the amount of $XXXX was required of which $XXXX was cured on the Closing Disclosure. A cost to cure in the amount of $XXXX is still required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
cure

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2160506

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2160506

3 of 3

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.

Cleared

XXXX

2158328

1 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX, Credit Report. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2158328

2 of 4

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: XXXX, LE XX/XX/XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
CURE

Response 1 (XX/XX/XXXX XX:XXAM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2158328

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158328

4 of 4

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.

Cleared

XXXX

2169597

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2169597

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169597

3 of 3

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.

Cleared

XXXX

2169311

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2169311

2 of 3

XXXX

Credit

Assets - Minimum Reserves

XXXX

Sufficient reserves to meet underwriting requirements were not verified in the file. Six months of PITIA reserves were required, equal to $XXXX ($XXXX x XXXX = $XXXX). The total documented assets were $XXXX minus required cash to close totaling $XXXX which resulted in remaining assets of $XXXX for reserves. As a result, there was a $XXXX shortage of verified funds for reserves.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2169311

3 of 3

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.

Cleared

XXXX

2169642

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2169642

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169642

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2179870

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Credit Report Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2179870

2 of 3

XXXX

Credit

Assets - Cash to Close

XXXX

The file did not contain evidence the borrower had the proper amount of funds required to close. Borrower is wanting to use XXXX CD/XXXX however the CD is not in the borrowers name. While they appeared to add owner of the bank account owner (XXXX) to the contract however that does not support using that borrowers assets for cash to close since she is not on the loan. She would have to be on the mortgage loan to be able to use the assets for closing. XXXX funds are not permitted for investment properties. Also the borrower makes mention of cashing out $XXXX however there is no supporting documents provided showing that the borrower has accessed these funds. Currently short $XXXX in assets for cash to close and reserves.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The non-borrower is on title, funds can be used for this transaction.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
XXXX was on title at time of closing

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
Attached

Response 1 (XX/XX/XXXX XX:XXPM)
She was not on the title as of closing. She did not execute the mortgage. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
This was a purchase. XXXX did not execute the mortgage. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2179870

3 of 3

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.

Cleared

XXXX

2165440

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2165440

2 of 3

XXXX

Credit

Title Commitment - Missing/Incomplete

XXXX

The title commitment is missing the proposed Insured and Insurance amount.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
SCHA

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2165440

3 of 3

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.

Cleared

XXXX

2163450

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The Assignment of Leases and XXXX has the individual listed as the borrower on Pg XXXX rather than being the Entity as signed on Pg XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
DOT

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2163450

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2163450

3 of 3

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.

Cleared

XXXX

2168024

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2168024

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2168024

3 of 3

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 CU score is XXXX.

Cleared

XXXX

2167114

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2167114

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2167114

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2167118

1 of 8

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2167118

2 of 8

XXXX

Credit

Assets - Authorization

XXXX

A portion of the funds to close from XXXX business checking XXXX with the account holder as XXXX. The file contains business filing details reflecting the borrower as the registered agent. However, it cannot be determined the borrower's percentage of ownership for use of these assets.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
sole member LLC

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2167118

3 of 8

XXXX

Credit

Assets - Cash to Close

XXXX

The application/XXXX reflects a portion of the funds to close coming from a HELOAN with XXXX #XXXX secured by the departing residence obtained in the amount of $XXXX with the application reflecting proceeds used towards funds to close in the amount of $XXXX. The Settlement Statement is missing from the file to verify net proceeds. Further, the application reflects additional assets with XXXX business checking XXXX in the amount of $XXXX as of XX/XX/XXXX. The file contains the XX/XX/XXXX statement but is missing the XX/XX/XXXX print out per the application. Without use of these funds, funds short to close.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Final SS, assets

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2167118

4 of 8

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

The credit report is dated XX/XX/XXXX and the loan closed on XX/XX/XXXX. Guidelines require a gap credit or Undisclosed Monitoring report within XXXX days of the note date or anytime after closing and is missing from the file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
udm

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2167118

5 of 8

XXXX

Credit

Debts - Not Verified

XXXX

The loan documents reflect the borrower obtained a HELOAN secured by the departing residence from XXXX in the amount of $XXXX with a monthly payment of $XXXX and the loan terms etc. are not documented in the file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
final CD and note

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2167118

6 of 8

XXXX

Credit

Mortgage History - Missing/Incomplete

XXXX

Guidelines require the housing payment to be current at time of application and the month prior to the XXXX date. The Note date is XX/XX/XXXX and the mortgage with XXXX last paid XX/XX/XXXX and not paid through XXXX/XXXX as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX pay history printout in file shows the last payment made was for XXXX/XXXX (on XX/XX/XXXX).

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
The XXXX loan payments did not start until XX/XX/XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
Missing the XXXX payment for $XXXX per month with a $XXXX loan amount. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Resolved)

XXXX

2167118

7 of 8

XXXX

Credit

Program Parameters - Other

XXXX

An exception provided for the subject does not adhere to multiple parcels guidelines. A parcel cannot be conveyed individually as the subject overlaps both the XXXX and XXXX parcel borders of the additional parcels. The county GIS website indicates only a very small portion of the subject's improvements cross the parcel borders. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
approval

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Compensating factors: XXXX months reserves versus required XXXX months; DTI less than XXXX% versus XXXX allowed XXXX%.

XXXX

2167118

8 of 8

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. File contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2163487

1 of 3

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The Assignment of Leases and XXXX have the individual listed as the borrower on Pg XXXX rather than being the Entity as signed on Pg XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
correction on pg24 of XXXX pages re-recorded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2163487

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2163487

3 of 3

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.

Cleared

XXXX

2182222

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182222

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182222

3 of 3

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, which supports value.

Cleared

XXXX

2182235

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182235

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182235

3 of 3

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 value.

Cleared

XXXX

2167116

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Credit Report Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2167116

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2167116

3 of 3

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.

Cleared

XXXX

2167117

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2167117

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2167117

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2163484

1 of 5

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2163484

2 of 5

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: Transfer Tax. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
this was cured before post closing, PCCD XXXX/XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2163484

3 of 5

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

The loan closed XX/XX/XXXX and the credit report is dated XX/XX/XXXX. Guidelines require a gap credit report or Undisclosed Debt Monitoring report not more than XXXX days prior to the note date or any time after, and is missing from the file.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXAM)
Client reviewed and elects to waive. Noted Compensating factors: XXXX% DTI, $XXXX residual income, self-employed XXXX years,

XXXX. XXXX% DTI. $XXXX per month residual income.

XXXX

2163484

4 of 5

XXXX

Credit

Verification Documentation - VOR

XXXX

The borrower currently resides at a rental residence for the past XXXX years with monthly rent of $XXXX. Review of the one bank statement with XXXX XXXX does reflect a payment of $XXXX to XXXX. Verification of XXXX months rental payments as outlined in the guidelines is required and is missing from the file.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXAM)
Client reviewed and elects to waive. Noted Compensating factors: XXXX% DTI, $XXXX residual income, self-employed XXXX years,

XXXX. XXXX% DTI. $XXXX per month residual income.

XXXX

2163484

5 of 5

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.

Cleared

XXXX

2163879

1 of 4

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The Assignment ofLeases and XXXX have the individual listed as the borrower on Pg 1rather than being the Entity as signed on Pg XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
MTG

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2163879

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2163879

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2163879

4 of 4

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.

Cleared

XXXX

2169593

1 of 3

XXXX

Compliance

ROR - Other

XXXX

There are additional findings regarding the Recession Notice. This loan failed the TILA right of rescission test. The funding date is before the third business day following consummation. Additionally, rescission needs to be re-opened.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
funded XXXX/XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2169593

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169593

3 of 3

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.

Cleared

XXXX

2172725

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2172725

2 of 4

XXXX

Credit

Assets - Bank Statements

XXXX

The bank statements are incomplete. The loan file contained a Wealthfront #XXXX statement dated XXXX/XXXX - XX/XX/XXXX and a print screen dated XX/XX/XXXX. The account activity from XXXX/XXXX - XX/XX/XXXX was not provided as required. Additional conditions may apply.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
The ending balance on XXXX/XXXX was $XXXX - this is also seen on the screen print that shows the deposit from XXXX of $XXXX under that shows the balance that matches the last Wealthfront statement

Response 1 (XX/XX/XXXX XX:XXPM)
Explanation received is sufficient. (Void)

XXXX

2172725

3 of 4

XXXX

Credit

Assets - Minimum Reserves

XXXX

Sufficient reserves to meet underwriting requirements were not verified in the file. Six months of PITIA reserves were required, equal to $XXXX ($XXXX x XXXX = $XXXX). The total documented assets were $XXXX minus POCs, EMD and cash to close totaling $XXXX which resulted in remaining assets of $XXXX for reserves. As a result, there was a $XXXX shortage of verified funds for reserves.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Exception

Response 1 (XX/XX/XXXX XX:XXAM)
Received waiver granted by investor. (Waived)

Compensating Factors: Has lived at current residence for XXXX years with XXXX late payments, LTV XXXX% less than maximum allowed

XXXX

2172725

4 of 4

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.

Cleared

XXXX

2182015

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182015

2 of 3

XXXX

Credit

Assets - Minimum Reserves

XXXX

The loan file is short verified reserves of $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Cash to close on closing CD $XXXX plus required reserves $XXXX = XXXX. Verified assets in file is XXXX. Note the $XXXX appraisal fee POC is already accounted for on USB statement #XXXX XX/XX/XXXX-XX/XX/XXXX.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2182015

3 of 3

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 is XXXX.

Cleared

XXXX

2167119

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2167119

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2167119

3 of 3

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 is XXXX.

Cleared

XXXX

2169628

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2169628

2 of 3

XXXX

Credit

Credit - Other

XXXX

There are additional observations that could impact the credit decision and/or quality of the loan. The loan file did not contain a UDD/Undisclosed Debt Monitoring report for the borrower as required per the guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
udm

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2169628

3 of 3

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.

Cleared

XXXX

2163477

1 of 4

XXXX

Compliance

HUD1 - Illegible

XXXX

The HUD-XXXX Settlement Statement provided in the loan file is illegible. As a result the following reviews could not be performed: XXXX, XXXX.

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
hud1

Response 1 (XX/XX/XXXX XX:XXAM)
Although a legible copy of the HUD has been provided, there is no evidence marked, signed, or stamped that it is the Final. Finding strength adjusted to Ev2 and therefore Acknowledged.

XXXX

2163477

2 of 4

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The borrower(s)' name(s) on the Security Instrument is inconsistent with the XXXX. Title shows vested in XXXX and XXXX, husband and wife, The Revocable Living Trust of XXXX and XXXX. Security instrument has XXXX only.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
QCD

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
see email correspondence from escrow and deed

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX was in the name of XXXX, as well as the Trust. Only the individuals transferred the property to XXXX. The Trust has not been deeded off as reflected on the new mortgage. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2163477

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2163477

4 of 4

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.

Cleared

XXXX

2169598

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2169598

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169598

3 of 3

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.

Cleared

XXXX

2169608

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2169608

2 of 3

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

Not all required credit reports are within the file. The most recent credit report for the borrower is dated XX/XX/XXXX and the loan closed on XX/XX/XXXX. Guidelines require a gap credit report or undisclosed debt monitoring report no more than XXXX days prior to the closing date which is missing from the file. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
UDM

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2169608

3 of 3

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 appraised value.

Cleared

XXXX

2167121

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2167121

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2167121

3 of 3

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 is XXXX.

Cleared

XXXX

2173176

1 of 5

XXXX

Compliance

State Disclosure - Texas Home Equity Loan Consumer Disclosure (12-Day Letter)/Missing

XXXX

The XXXX Consumer Disclosure (XXXX-Day Letter) is Missing. Required to be provided in connection with a XXXX. XXXX Constitution - Home Equity Loan Provisions XXXX. Const. art. XVI, 50(a)(6)(M)(i), 50(g); XXXX XXXX. Admin. Code XXXX, XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2173176

2 of 5

XXXX

Compliance

TRID - CD/Payee Not Listed

XXXX

The loan contains the following fee or fees where 'compensation to' does not reflect a XXXX on the revised CD.

Acknowledged

XXXX

2173176

3 of 5

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Appraisal and Document Prep Fees. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Property changed to PUD

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Loan amount increased causing the doc prep fee to change

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The COC for the increase to the appraisal fee has bene accepted. A COC for the increase to the Document Prep fee has not been provided. A cost to cure in the amount of $XXXX remains. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2173176

4 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173176

5 of 5

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 CU Score of XXXX

Cleared

XXXX

2169629

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2169629

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169629

3 of 3

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 is XXXX.

Cleared

XXXX

2182035

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182035

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182035

3 of 3

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.

Cleared

XXXX

2172727

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2172727

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2172727

3 of 3

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 is XXXX.

Cleared

XXXX

2169602

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2169602

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169602

3 of 3

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 is XXXX.

Cleared

XXXX

2167131

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2167131

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2167131

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2167132

1 of 5

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2167132

2 of 5

XXXX

Compliance

State HPML

XXXX

This loan failed the XXXX XXXX higher-priced mortgage loan test. (XXXX XXXX, XXXX Financial Code Division XXXX 4995(a)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XXXX Financial Code.The loan is compliant HPML. Escrow, prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2167132

3 of 5

XXXX

Credit

Program Parameters - Other

XXXX

XXXX provided for LTV at XXXX% for a non-arms length transaction. The buyers agent is borrowers brother and LO is borrowers niece. Client to approve downgrading finding based on compensating factors.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX advised we didn’t need it any longer, so it was cancelled. That’s why there isn’t an approval, only needed to add the IEC code.

Response 1 (XX/XX/XXXX XX:XXPM)
Explanation received is sufficient. (Resolved)

Compensating Factors: 0x30x24, Residual Income $XXXX

XXXX

2167132

4 of 5

XXXX

Credit

Title Commitment - Missing/Incomplete

XXXX

The title commitment is missing the proposed insured/lender name.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
TPOL

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2167132

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX.

Cleared

XXXX

2182017

1 of 3

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

Acknowledged

XXXX

2182017

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182017

3 of 3

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.

Cleared

XXXX

2169316

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2169316

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169316

3 of 3

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.

Cleared

XXXX

2176964

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2176964

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2176964

3 of 3

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.

Cleared

XXXX

2169313

1 of 3

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Appraisal, Collateral Desktop Analysis, and Credit Report Fees. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed.

Acknowledged

XXXX

2169313

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169313

3 of 3

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.

Cleared

XXXX

2173179

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2173179

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173179

3 of 3

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.

Cleared

XXXX

2169609

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2169609

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169609

3 of 3

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.

Cleared

XXXX

2175555

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2175555

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175555

3 of 3

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 2nd appraisal dated XX/XX/XXXX was provided reflecting a value of $XXXX.

Cleared

XXXX

2179908

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2179908

2 of 3

XXXX

Credit

Credit - Other

XXXX

There are additional observations that could impact the credit decision and/or quality of the loan. The loan file did not contain a UDM/Undisclosed Debt Monitoring Report as required per the guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
UDM

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2179908

3 of 3

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 score1.

Cleared

XXXX

2169613

1 of 5

XXXX

Compliance

TRID - CD/Lender Credits that Cannot Decrease (Disclosure Timing Fail)

XXXX

The loan failed the Lender Credits that Cannot Decrease Test. Because the loan failed the initial CD delivery date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following decrease: Lender credits. A cost to cure in the amount of $XXXX is required. The violation may be cured if documentation is provided showing the disclosure was delivered timely.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
CD with locked file was provided

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2169613

2 of 5

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable

XXXX

Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX . If disclosure was delivered electronically evidence of receipt as well as the consumer's E-consent is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
ICD provided

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2169613

3 of 5

XXXX

Compliance

TRID - Zero Tolerance Violation (Disclosure Timing Fail)

XXXX

The loan failed the charges that cannot increase test. Because the loan failed the initial CD delivery date test , any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following increase: Loan Discount points. A cost to cure in the amount of $XXXX is required. The violation may be cured if documentation is provided showing the disclosure was delivered timely.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2169613

4 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169613

5 of 5

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.

Cleared

XXXX

2169614

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2169614

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169614

3 of 3

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 is XXXX.

Cleared

XXXX

2169640

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2169640

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169640

3 of 3

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 is XXXX.

Cleared

XXXX

2167127

1 of 11

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2167127

2 of 11

XXXX

Compliance

State HPML

XXXX

This loan failed the XXXX XXXX higher-priced mortgage loan test. (XXXX XXXX, XXXX Financial Code Division XXXX 4995(a)). Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XXXX Financial Code. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2167127

3 of 11

XXXX

Compliance

TRID - 10% Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Recording Fee. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PCCD disclosed final recording fees

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2167127

4 of 11

XXXX

Credit

Contract - Missing

XXXX

The file contained no evidence of a properly executed sales contract.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
contract

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2167127

5 of 11

XXXX

Credit

Credit - Other

XXXX

Guidelines require a gap credit or undisclosed debt monitoring report no more than XXXX days prior to closing or any time after. The loan file contains a credit report dated XX/XX/XXXX with a note date of XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
udm

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2167127

6 of 11

XXXX

Credit

Credit - Other

XXXX

The final XXXX indicates the borrower currently resides at XXXX with a subject property address of XXXX. The loan file does not contain documentation explaining the motivation for the move to a home across the street with similar property characteristics (both XXXX bed XXXX bath and similar square feet).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
lox

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2167127

7 of 11

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The loan was missing current hazard insurance policy on the subject property with sufficient coverage/replacement cost.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
EOI RCE

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2167127

8 of 11

XXXX

Credit

Program Parameters - LTV

XXXX

The loan file contains a lender exception for the borrower living rent free with a purchase transaction at a XXXX% LTV. Guidelines allow up to an XXXX%. Client to approve downgrade based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
approval

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

Compensating Factors: * Strong DTI less than XXXX% * Length of time owning business XXXX years. * Good credit history with minimal lates.

XXXX

2167127

9 of 11

XXXX

Credit

Program Parameters - Other

XXXX

The final XXXX indicates borrower is living rent free and underwriting notes indicate the borrower currently lives in a home owned by the borrowers spouse however the loan file is missing the LOE referenced in the underwriting notes. Guidelines state if the borrower is living rent free at their primary residence then a signed and dated letter from the owner of the individual obligated on that property must provide a letter stating the borrower is living rent free and what the relationship is the the borrower.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
lox

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2167127

10 of 11

XXXX

Credit

Title Commitment - Missing/Incomplete

XXXX

The title commitment/policy is incomplete/missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
tpol

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2167127

11 of 11

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.

Cleared

XXXX

2179900

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2179900

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179900

3 of 3

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 value.

Cleared

XXXX

2182016

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182016

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182016

3 of 3

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 CU Score of XXXX

Cleared

XXXX

2175565

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2175565

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175565

3 of 3

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.

Cleared

XXXX

2167130

1 of 8

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2167130

2 of 8

XXXX

Credit

Assets - Bank Statements

XXXX

XXXX months personal or business bank statements were not provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Assets

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2167130

3 of 8

XXXX

Credit

Assets - Bank Statements

XXXX

The bank statement for XXXX XXXX XX/XX/XXXX is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Documentation uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2167130

4 of 8

XXXX

Credit

Assets - Bank Statements

XXXX

The bank statement for XXXX XXXX dated XX/XX/XXXX is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Documentation uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2167130

5 of 8

XXXX

Credit

Contract - Missing

XXXX

The file contained no evidence of a properly executed sales contract.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2167130

6 of 8

XXXX

Credit

Program Parameters - Other

XXXX

XXXX provided for Incomplete Housing History. Borrower rents from a private landlord and XXXX month was cash and is unable to be verified. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
exception

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

Compensating Factors: XXXX, DTI XXXX%

XXXX

2167130

7 of 8

XXXX

Credit

Title Commitment - Missing/Incomplete

XXXX

The title commitment is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Title

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2167130

8 of 8

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.

Cleared

XXXX

2179873

1 of 7

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2179873

2 of 7

XXXX

Credit

Assets - Source

XXXX

The funds required to close were not properly sourced and/or seasoned. The subject transaction is the purchase of a primary residence. The loan file is missing all asset documentation. Unable to determine sufficient assets for cash to close, EMD, POCs and reserves. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
assets

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Attempted to upload documents.

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
addtl asset docs

Rebuttal 4 (XX/XX/XXXX XX:XXPM)
assets

Response 1 (XX/XX/XXXX XX:XXPM)
Assets provided resulted in a $XXXX funds to close shortage and a $XXXX reserve shortage. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation not received. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Shortage is now $XXXX. XXXX statement provided is less recent than the XX/XX/XXXX statement in file with a $XXXX balance. (XXXX)

Response 4 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2179873

3 of 7

XXXX

Credit

Income - Other/Missing

XXXX

The subject transaction is the purchase of a primary residence utilizing the XXXX-month business bank statement program. The qualifying income is based on the XXXX #XXXX7. The loan file does not contain any income documentation/bank statements. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
bank stmts

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2179873

4 of 7

XXXX

Credit

Program Parameters - Other

XXXX

The subject loan does not meet Program Parameters for housing history. The subject transaction is the purchase of a primary residence. The XXXX reflects the borrower currently rents his primary residence for XXXX years at XXXX XXXX. Per the lender’s guidelines the most recent XXXX months housing payment history (mortgage and/or rent) must be verified and documented when not shown on the credit report. The loan file contains no evidence of the borrower's housing payment history. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
VOR

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2179873

5 of 7

XXXX

Credit

Sales Contract - Missing/Incomplete

XXXX

The subject transaction is the purchase of a primary residence. A fully executed sales contract is not in the loan file. It should be noted the CD reflects a $XXXX realtor credit. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
contract & addens

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2179873

6 of 7

XXXX

Credit

Title Commitment - Missing/Incomplete

XXXX

The title commitment/policy is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
tpol

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received. (Resolved)

XXXX

2179873

7 of 7

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.

Cleared

XXXX

2169320

1 of 9

XXXX

Compliance

TRID - Zero Tolerance Violation (No COC - Date Undeterminable)

XXXX

The loan failed the charges that cannot increase test. Although the increase may be valid, because a COC was not provided, auditor is unable to determine if the revised CD issued on XX/XX/XXXX was disclosed within XXXX business days of the change. Therefore, the increase to the following fees was not accepted: XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ATTACHED

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2169320

2 of 9

XXXX

Credit

Assets - Cash to Close

XXXX

The file did not contain evidence the borrower had the proper amount of funds required to close. The subject loan is a purchase transaction with the borrower required to evidence $XXXX in available funds ($XXXX cash to close + $XXXX EMD + $XXXX XXXX months reserves). The loan file did not contain any bank statements that reflected any available funds.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Assets

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received. (Resolved)

XXXX

2169320

3 of 9

XXXX

Credit

Borrower - Residency Alien Documentation

XXXX

The borrower and/or coborrower indicates Resident Alien status, however, the file contains no evidence documenting status as legally. Per the loan application the borrower is a Permanent Resident Alien, however the loan file does not contain documentation to confirm that.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2169320

4 of 9

XXXX

Credit

Contract - Missing

XXXX

The file contained no evidence of a properly executed sales contract.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received. (Resolved)

XXXX

2169320

5 of 9

XXXX

Credit

Debts - Not Verified

XXXX

The application lists significant debts that were not verified on the credit report and not independently verified. The application lists the borrower's departing residence (XXXX., XXXX, XXXX XXXX) as being converted into an investment property, however the loan file does not contain any documentation on the residence. Missing a Verification of Mortgage, Homeowner's Insurance Dues, Property Tax information and documentation on if the property has Homeowner Association Dues.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
REO

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2169320

6 of 9

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The loan was missing current hazard insurance policy on the subject property with sufficient coverage/replacement cost. The loan file did not contain a hazard insurance policy.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
HOI

Response 1 (XX/XX/XXXX XX:XXPM)
HOI policy received. (Resolved)

XXXX

2169320

7 of 9

XXXX

Credit

Income - Insufficient Documentation

XXXX

The subject loan is a XXXX month bank statement income loan, however the loan file does not contain any bank statements that support the calculated income of $XXXX a month.

Resolved

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received. (Resolved)

XXXX

2169320

8 of 9

XXXX

Credit

Title Commitment - Missing/Incomplete

XXXX

The title commitment/policy is missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Title

Response 1 (XX/XX/XXXX XX:XXPM)
Document received. (Resolved)

XXXX

2169320

9 of 9

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 CU Score of XXXX

Cleared

XXXX

2169622

1 of 3

XXXX

Compliance

TRID - CD - Loan Disclosures/Escrow Account

XXXX

The Escrow Account Disclosure on the CD issued on XX/XX/XXXX is inaccurate due to the following: The No Escrow Table did not disclose if the Borrower's declined or if the Lender does not offer an escrow account. Truth in XXXX (Regulation Z) 12 CFR 1026.38(l)(7)

Acknowledged

XXXX

2169622

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169622

3 of 3

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.

Cleared

XXXX

2179883

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2179883

2 of 3

XXXX

Credit

Assets - Large Deposits/Unacceptable

XXXX

Recent large deposits were not adequately sourced and/or documented. Large deposit of $XXXX on XX/XX/XXXX into XXXX/XXXX was not sourced and funds are required to document sufficient funds for closing and reserves. Provide sufficient documentation for source of funds or sufficient assets to cover reserves and cash to close.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2179883

3 of 3

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 appraised value.

Cleared

XXXX

2172739

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2172739

2 of 4

XXXX

Compliance

State HPML

XXXX

This loan failed the XXXX XXXX higher-priced mortgage loan test. (XXXX XXXX 09.03.06.02B(XXXX), XXXX 09.03.09.02B(XXXX))Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the Code of XXXX Regulations (XXXX). The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2172739

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2172739

4 of 4

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.

Cleared

XXXX

2169645

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2169645

2 of 3

XXXX

Credit

Credit - Other

XXXX

There are additional observations that could impact the credit decision and/or quality of the loan. The loan file did not contain a UDD/Undisclosed Debt Monitoring report as required per the guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
UDM provided

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2169645

3 of 3

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.

Cleared

XXXX

2169623

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2169623

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169623

3 of 3

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.

Cleared

XXXX

2179887

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2179887

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179887

3 of 3

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 is XXXX.

Cleared

XXXX

2180052

1 of 3

XXXX

Compliance

TRID - CD - Loan Disclosures/Escrow Account

XXXX

The Escrow Account Disclosure on the CD issued on XX/XX/XXXX is inaccurate due to the following: The No Escrow Table did not disclose if the Borrowers decline or inf the Lender does not offer an escrow account. Truth in XXXX (Regulation Z) 12 CFR 1026.38(l)(7)

Acknowledged

XXXX

2180052

2 of 3

XXXX

Credit

Contract Addendum - Missing

XXXX

The Sales Contract XXXX reflecting a purchase price of $XXXX is missing.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: XXXX% DTI, Self-employed XXXX years, 0x30x120 mortgage history

XXXX% DTI. XXXX months of reserves. $XXXX per month residual income.

XXXX

2180052

3 of 3

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 is XXXX.

Cleared

XXXX

2173195

1 of 3

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the addition to the following fees was not accepted: XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
This was a transferred appraisal and the XXXXD was paid for before the application date of our loan.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
XXXX.

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
CD

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The ALTA statement in the original loan file states the Appraisal Final Inspection fee was paid by the borrower outside of closing. The CD issued on XX/XX/XXXX also discloses the fee being paid by the borrower. A cost to cure in the amount of $XXXX remains. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The CD issued on XX/XX/XXXXshows a new XXXX fee was added in the amount of $XXXX withouta valid COC. The CD and ALTA disclose the fee was paid by the borrower;even if the fee was paid outside of closing a valid reason for the fee is stillrequired. The Invoice datedXX/XX/XXXX indicates the amount of $XXXX has been paid by XXXX andinformation provided states the fee was paid for by the Lender; however, the CDdoes not support this information. Please provide a valid COC and updatedLOE and PCCD if applicable. A cost to cure in the amount of $XXXX. XXXX. remains. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2173195

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173195

3 of 3

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.

Cleared

XXXX

2173185

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2173185

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173185

3 of 3

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.

Cleared

XXXX

2182043

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182043

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182043

3 of 3

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 appraised value.

Cleared

XXXX

2169318

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2169318

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169318

3 of 3

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

Cleared

XXXX

2169626

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2169626

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169626

3 of 3

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.

Cleared

XXXX

2173186

1 of 4

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable

XXXX

Non- Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. If disclosure was delivered electronically evidence of receipt as well as the consumer's E-consent is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ICD

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2173186

2 of 4

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
CURE

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2173186

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173186

4 of 4

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 CU score is XXXX.

Cleared

XXXX

2182053

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182053

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182053

3 of 3

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.

Cleared

XXXX

2169323

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2169323

2 of 3

XXXX

Credit

Credit - Other

XXXX

The Note was dated XX/XX/XXXX. The lender guidelines and underwriting conditional approval required a gap credit or undisclosed monitoring report no more than XXXX days prior to the loan closing or any time after closing. Gap credit was not provided as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
udm

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2169323

3 of 3

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 dated XX/XX/XXXX with a score of XXXX was provided and supported the appraised value.

Cleared

XXXX

2172736

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2172736

2 of 3

XXXX

Credit

Credit - Other

XXXX

There are additional observations that could impact the credit decision and/or quality of the loan. The loan file did not contain a UDM/Undisclosed Debt Monitoring report as required per the guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
UDM

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2172736

3 of 3

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.

Cleared

XXXX

2175569

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2175569

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175569

3 of 3

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 is XXXX.

Cleared

XXXX

2182219

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182219

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182219

3 of 3

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.

Cleared

XXXX

2182217

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182217

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182217

3 of 3

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.

Cleared

XXXX

2180064

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180064

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180064

3 of 3

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.

Cleared

XXXX

2172737

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2172737

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2172737

3 of 3

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.

Cleared

XXXX

2169321

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2169321

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169321

3 of 3

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.

Cleared

XXXX

2180049

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180049

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180049

3 of 3

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.

Cleared

XXXX

2177315

1 of 3

XXXX

Compliance

TRID - CD - Loan Disclosures/Escrow Account

XXXX

The Escrow Account Disclosure on the CD issued on XX/XX/XXXX is inaccurate due to the following: The No Escrow Table is inaccurate. There is no box checked as to if XXXX's were declined or your lender does not offer one. Truth in XXXX (Regulation Z) 12 CFR 1026.38(l)(7)

Acknowledged

XXXX

2177315

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2177315

3 of 3

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.

Cleared

XXXX

2176962

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2176962

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2176962

3 of 3

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 is XXXX.

Cleared

XXXX

2182024

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182024

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182024

3 of 3

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 is XXXX.

Cleared

XXXX

2176972

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2176972

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2176972

3 of 3

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.

Cleared

XXXX

2172740

1 of 3

XXXX

Compliance

TRID - Zero Tolerance Violation (Revised Disclosure Late)

XXXX

The loan failed the charges that cannot increase test. Because the change occurred on XX/XX/XXXX, and consumer was not provided the disclosure within XXXX days of the change, the increase to the following fees was not accepted as valid: XXXX increased to $XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
cure provided

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
PCCD provided

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to cure the finding. The PCCD has been provided. The LOE, copy of the Refund Check and Proof of Delivery is required. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2172740

2 of 3

XXXX

Credit

Credit - Other

XXXX

There are additional observations that could impact the credit decision and/or quality of the loan. The loan file did not contain the UDM/Undisclosed Debt Monitoring report for the borrower as required per the guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
UDM provided

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2172740

3 of 3

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.

Cleared

XXXX

2172741

1 of 3

XXXX

Compliance

TRID - 10% Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Recording Fee. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
see PCCD with corrected recording fees

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2172741

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2172741

3 of 3

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.

Cleared

XXXX

2182018

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182018

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182018

3 of 3

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.

Cleared

XXXX

2179877

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2179877

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179877

3 of 3

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.

Cleared

XXXX

2179879

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2179879

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179879

3 of 3

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.

Cleared

XXXX

2179881

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2179881

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179881

3 of 3

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.

Cleared

XXXX

2173194

1 of 3

XXXX

Compliance

TRID - 10% Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Document Prep Fee. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
refund mailed out via USPS, no tracking available.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2173194

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173194

3 of 3

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 is XXXX.

Cleared

XXXX

2169648

1 of 5

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2169648

2 of 5

XXXX

Compliance

State HPML

XXXX

This loan failed the XXXX XXXX higher-priced mortgage loan test. (XXXX XXXX, XXXX Financial Code Division XXXX 4995(a)). Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the CaliforniaFinancial Code. Escrow, prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2169648

3 of 5

XXXX

Credit

Assets - Other

XXXX

There are additional asset findings. The loan file documented the use of business assets; however the borrower is a XXXX% owner, and the loan file did not contain an access letter from the other owner of the business as per guideline requirements.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Access letter is not required per guideline as account owner is non-borrower is on title.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2169648

4 of 5

XXXX

Credit

Credit - Other

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
UDM

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2169648

5 of 5

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.

Cleared

XXXX

2177321

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2177321

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2177321

3 of 3

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.

Cleared

XXXX

2179885

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2179885

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179885

3 of 3

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.

Cleared

XXXX

2182032

1 of 3

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2182032

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182032

3 of 3

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.

Cleared

XXXX

2175572

1 of 3

XXXX

Compliance

State Regulations

XXXX

This loan failed the lender fees test due to one of the following findings: (XXXX §XXXX-XXXXA(e); XXXX XXXX-10(a), (g)) The loan is a first XXXX closed end mortgage with a principal amount that is greater than or equal to $XXXX and the sum of all lender fees exceeds the greater of XXXX% of the principal amount or $XXXX.

Acknowledged

XXXX

2175572

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175572

3 of 3

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.

Cleared

XXXX

2177334

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2177334

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2177334

3 of 3

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.

Cleared

XXXX

2182034

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182034

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182034

3 of 3

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.

Cleared

XXXX

2179886

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2179886

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179886

3 of 3

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.

Cleared

XXXX

2182026

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182026

2 of 3

XXXX

Credit

Income - Miscalculated/DTI within Tolerance

XXXX

The income is miscalculated on one or more borrowers resulting in a DTI that doesn't exceeds allowable tolerances (XXXX%) or DTI MAX. Both of the borrowers bank statement income was not calculated correctly resulting in an XXXX% increase in DTI from XXXX% to XXXX%. The DTI is still within the XXXX allowed of XXXX%. The borrowers addressed that several deposits were not related to the business, however, they were not excluded from the total deposits. Nothing additional needed since this is a manual underwrite and the loan is still under the max DTI.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: XXXX qualifying credit score, Self-employed XXXX years

XXXX. XXXX% LTV. XXXX months of reserves.

XXXX

2182026

3 of 3

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.

Cleared

XXXX

2180059

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180059

2 of 3

XXXX

Credit

Credit - Other

XXXX

The Note was dated XX/XX/XXXX. The lender guidelines and underwriting conditional approval required a gap credit or undisclosed debt monitoring report no more than XXXX days prior to the loan closing or any time after closing. The undisclosed debt monitoring report was not provided as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
udm

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2180059

3 of 3

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.

Cleared

XXXX

2179889

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2179889

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179889

3 of 3

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 appraised value.

Cleared

XXXX

2182033

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182033

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182033

3 of 3

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 CU Score of XXXX

Cleared

XXXX

2179890

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2179890

2 of 3

XXXX

Credit

Assets - Cash to Close - Evidence of Liquidation

XXXX

Funds required for subject closing were $XXXX ($XXXX POC + $XXXX funds due at closing + $ XXXX reserves). Guidelines state that liquid assets are defined as any asset that can be converted into cash quickly with minimal impact to the price received. With a 403(b)-retirement account; Funds can only be withdrawn upon termination. Please provide verification of liquid assets to cover funds to close required of $XXXX. Additional conditions may apply.

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: XXXX qualifying credit score, Experienced Investor

XXXX. Experienced Investor. XXXX LTV.

XXXX

2179890

3 of 3

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.

Cleared

XXXX

2179892

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2179892

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179892

3 of 3

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 is XXXX.

Cleared

XXXX

2179894

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2179894

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179894

3 of 3

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 value.

Cleared

XXXX

2182044

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182044

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182044

3 of 3

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.

Cleared

XXXX

2182028

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182028

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182028

3 of 3

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.

Cleared

XXXX

2182225

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182225

2 of 4

XXXX

Credit

Assets - Other

XXXX

The guidelines indicate asset accounts shared with non-borrowers require an access letter. The loan file is missing account access letters from XXXX for XXXX #XXXX, XXXX #XXXX and XXXX #XXXX. An access letter from XXXX for XXXX Checking #XXXX and XXXX XXXX for XXXX #XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Documentation uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2182225

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The guidelines indicate a property is considered a "flip" if the price in the borrower’s purchase agreement exceeds the property XXXX’s acquisition price by more than XXXX% if the property XXXX acquired the property XXXX or fewer days prior to the date of the borrower’s purchaseagreement. The $XXXX purchase price reflected in the purchase agreement dated XX/XX/XXXX6, is >XXXX% (XXXX%) of the Sellers $XXXX acquisition price. The XXXX acquired the subject property on XX/XX/XXXX, which is < XXXX days (XXXX days) from the purchase agreement date XX/XX/XXXX. The appraisal indicates there have been no updates to the property within the previous XXXX years and the loan file contains no renovation documentation to support the increase in value from $XXXX to $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Per guidelines a 2nd appraisal was ordered due to being a flip, The property value for the transaction will be the lower of the two appraisals. The lower appraised value was used. Please review.

Response 1 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Resolved)

XXXX

2182225

4 of 4

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 CU Score is XXXX

Cleared

XXXX

2179896

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2179896

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179896

3 of 3

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 value.

Cleared

XXXX

2182029

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182029

2 of 3

XXXX

Credit

Mortgage History - Missing/Incomplete

XXXX

The guidelines indicate if a borrower owns or owned a property free and clear; a property profile report or similar document showing no liens against the property should be included in the credit file. The loan file contains an LOE from the XXXX indicating the borrower's primary residence is owned free & clear. The loan file is missing a property profile report or similar document showing no liens against XXXX Rhine Strasse Jasper, XXXX XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Property detail

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Property detail

Response 1 (XX/XX/XXXX XX:XXAM)
Property address is not visible on the report provided. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2182029

3 of 3

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 appraised value.

Cleared

XXXX

2179901

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2179901

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179901

3 of 3

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.

Cleared

XXXX

2182048

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182048

2 of 3

XXXX

Credit

Assets - Other

XXXX

The guidelines indicate asset accounts shared with non-borrowers require an access letter. The loan file is missing account access letters from XXXX for the XXXX Checking #XXXX account.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: 0x30x80 mortgage history, XXXX qualifying credit score

XXXX. XXXX% LTV. XXXX months of reserves.

XXXX

2182048

3 of 3

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 CU Score is XXXX

Cleared

XXXX

2182224

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182224

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182224

3 of 3

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.

Cleared

XXXX

2180051

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180051

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180051

3 of 3

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.

Cleared

XXXX

2180055

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180055

2 of 3

XXXX

Credit

Credit - Other

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
udm

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2180055

3 of 3

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.

Cleared

XXXX

2182230

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182230

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182230

3 of 3

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 CU Score is XXXX

Cleared

XXXX

2182036

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182036

2 of 4

XXXX

Credit

Credit - Other

XXXX

he Note was dated XX/XX/XXXX. The lender guidelines required a gap credit or undisclosed debt monitoring report no more than XXXX days prior to the loan closing or any time after closing. The undisclosed debt monitoring report was not provided as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
UDM

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2182036

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

An accountant letter was provided to support borrower's ownership percentage of the self-employed business and no negative impact to self employed business when using business funds for the transaction. The investor guidelines required accountant license to be validated per CPA/EA/CTEC/Tax Attorney/ or PTIN. Required documentation was not provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
CPA

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2182036

4 of 4

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.

Cleared

XXXX

2180057

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2180057

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180057

3 of 3

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.

Cleared

XXXX

2182232

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182232

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182232

3 of 3

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. LCA is XXXX.

Cleared

XXXX

2182249

1 of 3

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: XXXX, CD XX/XX/XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
This is a transferred appraisal that was POC by the borrower - we received the invoice and transfer letter on XXXX/XXXX - see attached.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2182249

2 of 3

XXXX

Credit

Credit - Other

XXXX

The Note was dated XX/XX/XXXX. The lender guidelines required a gap credit or undisclosed debt monitoring report no more than XXXX days prior to the loan closing or any time after closing. The undisclosed debt monitoring report was not provided as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
UDM

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2182249

3 of 3

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 dated XX/XX/XXXX with a score of XXXX was provided and supported the appraised value.

Cleared

XXXX

2180058

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2180058

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180058

3 of 3

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.

Cleared

XXXX

2182055

1 of 4

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

Acknowledged

XXXX

2182055

2 of 4

XXXX

Compliance

Security Instrument - Missing Rider/Addendum

XXXX

The following referenced < Rider(s) / Legal Addendum(s) are missing: Page XXXX of the Security Instrument states a Prepayment Rider and a Prepayment Penalty Rider are to be included but only the Prepayment Rider was included. The Prepayment Penalty Rider is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
DOT

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Please see escrows reply

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The Mortgage provided was in the original loan file; there appears to be a typo on XXXX. The PPP Rider and Prepayment Penalty Rider are both listed as riders to the Mortgage. Please provide both riders or a XXXX that two PPP riders were listed in error. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2182055

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182055

4 of 4

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.

Cleared

XXXX

2182241

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2182241

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182241

3 of 3

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.

Cleared

XXXX

2182246

1 of 3

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

Acknowledged

XXXX

2182246

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182246

3 of 3

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.

Cleared

XXXX

2165502

1 of 4

XXXX

Compliance

TRID - CD - APR Fail/Rescindable

XXXX

This is a Rescindable transaction. The loan failed the TILA Finance Charge tolerance test. Per Regulation Z, the Finance Charge is considered inaccurate if the disclosed Finance Charge is understated by more than $XXXX. The final (last revised) CD issued on XX/XX/XXXX has a disclosed Finance Charge of $XXXX, which is less than the system calculated Finance Charge of $XXXX. The Finance Charge on the final CD is understated by $XXXX which is more than the allowable tolerance of $XXXX. The following fees were included in the Finance Charge calculation: Administration fee $XXXX, XXXX fee $XXXX, Closing Protection letter fee $XXXX, Electronic Recording fee $XXXX, Settlement/Closing fee $XXXX, Title Courier fee $XXXX, MERS Registration fee $XXXX and prepaid Interest $XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
icd you already have the final

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
PCCD

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
Pay history Pr

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The Initial CD has been provided. Updated testing still results in a TILA fail. The following fees were included in the Finance Charge calculation: Administration fee $XXXX, XXXX fee $XXXX, Closing Protection letter fee $XXXX, Electronic Recording fee $XXXX, Settlement/Closing fee $XXXX, XXXX fee $XXXX, MERS Registration fee $XXXX and prepaid Interest $XXXX. A cost to cure in the amount of $XXXX is required. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to cure the finding. ?The LOE and PCCD have been provided showing the principal reduction in the amount of $XXXX. Please provide a screen shot or other evidence from the Lender's system as proof that the Principal Reduction was applied to the loan. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2165502

2 of 4

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable

XXXX

Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. If disclosure was delivered electronically evidence of receipt as well as the consumer's E-consent is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
icd

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2165502

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2165502

4 of 4

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.

Cleared

XXXX

2135988

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2135988

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2135988

3 of 3

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.

Cleared