|
SitusAMC Loan ID
|
Customer Loan ID
|
Seller Loan ID
|
Investor Loan Number
|
Loan Exception ID
|
Exception ID
|
Exception Date
|
Exception Type
|
Exception Category
|
Exception Subcategory
|
15E Category
|
Exception
|
Exception Detail
|
Exception Information
|
Compensating Factors
|
Compensating Factor Information
|
Applying Party
|
Follow-up Comments
|
Cleared Date
|
Cured Date
|
Waived Date
|
Waived with Regrade
|
Exception Level Grade
|
DBRS Initial Exception Rating
|
DBRS Final Exception Rating
|
Fitch Initial Exception Rating
|
Fitch Final Exception Rating
|
Kroll Initial Exception Rating
|
Kroll Final Exception Rating
|
Moody's Initial Exception Rating
|
Moody's Final Exception Rating
|
S&P Initial Exception Rating
|
S&P Final Exception Rating
|
Note Date
|
Property State
|
Occupancy
|
Purpose
|
Exception Remediation
|
Overall
Initial Loan Grade
|
Overall
Final Loan Grade
|
Credit
Initial Loan Grade
|
Credit
Final Loan Grade
|
Compliance
Initial Loan Grade
|
Compliance
Final Loan Grade
|
Property
Initial Loan Grade
|
Property
Final Loan Grade
|
Originator QM ATR Status
|
TPR QM ATR Status
|
Is Curable
|
|
XXX
|
2026050347
|
XXX
|
XXX
|
XXX
|
XXX
|
Compliance
|
Compliance
|
XXX Compliance
|
XXX
|
XXX Appraisal - Copy of Appraisal Not Provided XXX Business Days Prior to Consummation
|
XXX Valuations Rule (XXX): Creditor did not provide a copy of each valuation to applicant XXX (XXX) business days prior to consummation.
(Type:Primary/XXX)
|
Missing evidence of receipt.
|
Reviewer Comment (XXX): Appraisal delivery receipt is missing for the appraisal report dated XXX. Exception remains.
Buyer Comment (XXX): Uploaded XXX Letter to Borrower
Buyer Comment (XXX): Uploaded XXX from Client
|
XXX
|
No
|
1
|
B
|
A
|
B
|
A
|
B
|
A
|
B
|
A
|
B
|
A
|
XXX
|
XXX
|
XXX
|
XXX
|
C
|
B
|
C
|
B
|
C
|
A
|
A
|
A
|
Non QM
|
Non QM
|
No
|
|||||||
|
XXX
|
2026050347
|
XXX
|
XXX
|
XXX
|
XXX
|
Compliance
|
Compliance
|
XXX Compliance
|
XXX
|
TRID XXX Percent Tolerance Violation Without Sufficient Cure Provided
|
XXX Integrated Disclosure: XXX Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of XXX exceeds tolerance of XXX. XXX over legal
limit. Insufficient or no cure was provided to the borrower. (XXX)
|
Loan Discount Points increased on XXX without a valid change in circumstance. Cure was not provided at closing.
|
Reviewer Comment (XXX): XXX received a valid XXX.
Buyer Comment (XXX): Uploaded XXX
Buyer Comment (XXX): Uploaded XXX from Client
|
XXX
|
No
|
1
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
XXX
|
XXX
|
XXX
|
XXX
|
Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD
|
C
|
B
|
C
|
B
|
C
|
A
|
A
|
A
|
Non QM
|
Non QM
|
Yes
|
||||||
|
XXX
|
2026050347
|
XXX
|
XXX
|
XXX
|
XXX
|
Compliance
|
Compliance
|
XXX Compliance
|
XXX
|
Check Loan Designation Match - XXX Risk
|
Ability to Repay (XXX): Originator Loan Designation of XXX does not match Due Diligence Loan Designation of XXX Risk.
|
Per guides, a verbal verification of self-employment is required within XXX calendar days prior to the Note Date. This is missing.
|
Reviewer Comment (XXX): Received XXX verification & XXX. Exception cleared.
Buyer Comment (XXX): Uploaded XXX for Business License
Buyer Comment (XXX): Uploaded XXX from Client
|
XXX
|
No
|
1
|
B
|
A
|
C
|
A
|
B
|
A
|
C
|
A
|
B
|
A
|
XXX
|
XXX
|
XXX
|
XXX
|
Lender to provide updated XXX Loan Designation
|
C
|
B
|
C
|
B
|
C
|
A
|
A
|
A
|
Non QM
|
Non QM
|
Yes
|
||||||
|
XXX
|
2026050347
|
XXX
|
XXX
|
XXX
|
XXX
|
Compliance
|
Compliance
|
XXX Compliance
|
XXX
|
Income/Asset Guideline Deficiency - XXX Impact
|
Ability to Repay (XXX): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's
ability to repay. (Exception is eligible to be regraded with compensating factors.)
|
Per guides, a verbal verification of self-employment is required within XXX calendar days prior to the Note Date. This is missing.
|
Reviewer Comment (XXX): Received XXX & associated. Exception cleared.
Buyer Comment (XXX): See Exception: XXX
|
XXX
|
No
|
1
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
XXX
|
XXX
|
XXX
|
XXX
|
C
|
B
|
C
|
B
|
C
|
A
|
A
|
A
|
Non QM
|
Non QM
|
No
|
|||||||
|
XXX
|
2026050347
|
XXX
|
XXX
|
XXX
|
XXX
|
Credit
|
Credit
|
Credit Calculation / Analysis
|
XXX
|
Guideline Requirement: Representative FICO score discrepancy.
|
Representative FICO score of XXX is less than Guideline representative FICO score of XXX.
|
Minimum FICO for a cash-out loan is XXX.
|
Borrower has been employed in the same industry for more than XXX years.
Borrower has verified disposable income of at least XXX.
Borrower has worked in the same position for more than XXX years.
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least XXX months.
The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least XXX%.
The Loan to Value (LTV) on the loan is less than the guideline maximum by at least XXX%.
The qualifying DTI on the loan is at least XXX% less than the guideline maximum.
|
DTI: XXX%
Guideline Maximum DTI: XXX%
|
XXX
XXX
XXX
XXX
XXX
XXX
XXX
|
Reviewer Comment (XXX): Lender Exception with Compensating Factors provided. Downgraded and Waived.
Buyer Comment (XXX): Uploaded Approved Guideline Exception
|
XXX
|
Yes
|
2
|
C
|
B
|
C
|
B
|
C
|
B
|
C
|
B
|
C
|
B
|
XXX
|
XXX
|
XXX
|
XXX
|
C
|
B
|
C
|
B
|
C
|
A
|
A
|
A
|
Non QM
|
Non QM
|
No
|
||||
|
XXX
|
2026050347
|
XXX
|
XXX
|
XXX
|
XXX
|
Credit
|
Income / Employment
|
Income Documentation
|
XXX
|
Income documentation requirements not met.
|
Per guides, a verbal verification of self-employment is required within XXX calendar days prior to the Note Date. This is missing.
|
Reviewer Comment (XXX): Received XXX & associated. Exception cleared.
Buyer Comment (XXX): See Exception: XXX
|
XXX
|
No
|
1
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
XXX
|
XXX
|
XXX
|
XXX
|
C
|
B
|
C
|
B
|
C
|
A
|
A
|
A
|
Non QM
|
Non QM
|
No
|
||||||||
|
XXX
|
2026050347
|
XXX
|
XXX
|
XXX
|
XXX
|
Compliance
|
Compliance
|
XXX Compliance
|
XXX
|
Loan does not meet one or more guideline components which could impact the borrower's ability to repay.
|
General Ability to Repay Provision: Loan does not meet XXX or more guideline components which could impact the borrower's ability to repay.
|
Per guides, a verbal verification of self-employment is required within XXX calendar days prior to the Note Date. This is missing.
|
Reviewer Comment (XXX): Received XXX & associated. Exception cleared.
Buyer Comment (XXX): See Exception: XXX
|
XXX
|
No
|
1
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
XXX
|
XXX
|
XXX
|
XXX
|
C
|
B
|
C
|
B
|
C
|
A
|
A
|
A
|
Non QM
|
Non QM
|
No
|