|
Client Name:
|
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|
Client Project Name:
|
SEMT 2026-CD6
|
|||
|
Start - End Dates:
|
3/18/2026 - 8/18/2026
|
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|
Deal Loan Count:
|
253
|
|||
|
Waived Conditions Summary
|
||||
|
Review Scope
|
Category
|
Code
|
Description
|
Count
|
|
Credit
|
Terms/Guidelines
|
CRDTER110
|
Loan amount exceeds guideline maximum
|
1
|
|
Credit
|
Terms/Guidelines
|
CRDTER3122
|
Loan documents do not meet guideline requirements
|
2
|
|
Credit
|
Terms/Guidelines
|
CRDTER4631
|
Loan parameters do not meet guidelines
|
3
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH150
|
Tradelines do not meet guidelines
|
1
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH193
|
Length of mortgage/rental history in file does not meet guideline requirement
|
1
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH3000
|
# of Tradelines Does Not Meet Guideline Requirements
|
2
|
|
Credit
|
LTV/CLTV
|
CRDLTV5736
|
LTV Exceeds Guideline Requirement by less than XXX%
|
1
|
|
Credit
|
Title
|
CRDTIL100
|
Potential title issue
|
1
|
|
Credit
|
Income/Employment
|
CRDINC150
|
Income docs do not meet guidelines
|
1
|
|
Credit
|
Income/Employment
|
CRDINC2408
|
Income verification does not meet guidelines
|
1
|
|
Credit
|
Income/Employment
|
CRDINC3204
|
Income Documentation Missing
|
1
|
|
Credit
|
Income/Employment
|
CRDINC889
|
Income is Not Reasonable
|
1
|
|
Credit
|
Insurance
|
CRDINSR5351
|
Insurance Effective date is greater than the transaction date
|
4
|
|
Credit
|
Assets
|
CRDAST205
|
Insufficient Funds to Close
|
1
|
|
Credit
|
Assets
|
CRDAST2354
|
Asset Verification In File is Incomplete Per Requirements
|
1
|
|
Property Valuations
|
Property
|
PRVAPROP241
|
Property Type unacceptable under guidelines
|
1
|
|
Property Valuations
|
Property
|
PRVAPROP2556
|
Acreage exceeds property eligibility guidelines
|
1
|
|
Property Valuations
|
Appraisal
|
PRVAAPPR119
|
Appraisal documentation does not support occupancy
|
1
|
|
Property Valuations
|
Appraisal
|
PRVAAPPR275
|
Completed "Subject To" w/o Completion Cert in File
|
1
|
|
Compliance
|
Ability to Repay/Qualified Mortgage
|
CMPATRQM2900
|
TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; XXX status determination places loan in a riskier status than the
Lender's status determination.
|
1
|
|
Compliance
|
TILA/RESPA Integrated Disclosure
|
CMPTRID5806
|
TRID - At least 1 CD prior to the last CD at or prior to closing was not provided to all with rescission rights.
|
2
|
|
Compliance
|
Right of Rescission
|
CMPROR1909
|
Incorrect ROR Form Used - H8 Form Used in Refinance With Original Creditor
|
4
|
|
Compliance
|
RESPA
|
CMPRESPA863
|
RESPA: Required Affiliate Business Disclosure missing
|
4
|
|
Total
|
37
|
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|
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and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited.
|
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