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

2137054

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

2137054

2 of 4

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

2137054

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137054

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

2175664

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2175664

2 of 4

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

2175664

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175664

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

2192015

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2192015

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2192015

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2192015

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

2191828

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2191828

2 of 4

XXXX

Credit

Income - Rental Property/Missing Lease

XXXX

The loan file is missing the lease for Unit E.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
lease agreement for unit E

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

XXXX

2191828

3 of 4

XXXX

Credit

Program Parameters - Number of Units

XXXX

The subject loan does not meet Program Parameters for number of units. The subject property is a Multi Family XXXX+ type with XXXX units.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan program is Professional Investor Advantage. Please see attached matrix allowing XXXX-XXXX Units

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

XXXX

2191828

4 of 4

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 does not contain an AVM or CDA from an approved vendor.

Resolved

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

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

XXXX

2191825

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2191825

2 of 5

XXXX

Credit

Assets - Other

XXXX

The required reserves for the subject transaction was $XXXX. A XXXX checking account # XXXX was provided to support the required funds. The account statement reflected the account owners were XXXX T XXXX and XXXX (borrower). The investor guidelines required an access letter for the funds for any person who was not a borrower on the loan. Access letter was not provided as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
access letter/loe

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

XXXX

2191825

3 of 5

XXXX

Credit

Credit Report - Adverse Credit

XXXX

The background check for the borrower reflected an IRS Tax XXXX. A copy of the origination XXXX was provided in the amount of $ XXXX. A satisfaction of IRS tax XXXX was not provided as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The document itself would have another recording stamp on it if it was refiled. Additionally, if the XXXX was in place, it would show on our title commitment. The lien has expired.

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

XXXX

2191825

4 of 5

XXXX

Credit

Program Parameters - Property Type

XXXX

The subject property is XXXX units. Properties with XXXX or more units must be approved to meet the XXXX overlay.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
processor cert allowing XXXX Unit subject property

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
email showing investor approval of multi unit property.

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

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

XXXX. XXXX% LTV. XXXX XXXX.

XXXX

2191825

5 of 5

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 investor guidelines required a Commercial Broker Price Opinion (BPO) to support the appraised value and was not provided as required.

Void

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

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
XXXX was completed XXXX. CDA was completed by XXXX with XXXX. Please have condition cleared.

Response 1 (XX/XX/XXXX XX:XXPM)
CDA cannot be completed by the sane company that performed the appraisal. (XXXX)

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

XXXX

2191829

1 of 5

XXXX

Compliance

State Regulations

XXXX

Acknowledged

XXXX

2191829

2 of 5

XXXX

Compliance

State Testing - Late Fees Test

XXXX

This loan failed the late fees test. The loan has late fees that do not conform to the requirements for the lender's license type in the state where the property is located. The state regulation of XXXX allows for a maximum XXXX% late fee, the loan has a XXXX% late fee. The loan fails the late fees test by XXXX%.

Acknowledged

XXXX

2191829

3 of 5

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 borrower was required to provide asset documentation supporting at least $XXXX, which included total cash to close in the amount of $XXXX and XXXX months reserves for the subject property in the amount of $XXXX. The loan file did not contain any asset documentation as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
cash to close and reserves coming from proceeds from another transaction. Please see attached settlement statement

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

XXXX

2191829

4 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. The loan file contained a lender exception for property type. The subject project was a non-warrantable project and did not meet the non-warrantable project guidelines due to the borrower being the builder/developer and still in control of the HOA, the single entity ownership requirement of XXXX% was exceeded as the borrower currently owns XXXX% of the completed units and XXXX% of the total proposed units, the subject project was not complete as required as only XXXX of XXXX units have been completed, and the investor concentration is currently XXXX% which exceeds the maximum of XXXX%. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Exception was already approved by investor. Please have condition cleared.

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

Compensating factors: XXXX% LTV, experienced investor, DSCR XXXX.

XXXX

2191829

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 contained a CDA dated XX/XX/XXXX which supported the appraised value.

Cleared

XXXX

2191826

1 of 3

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

2191826

2 of 3

XXXX

Credit

Program Parameters - Number of Units

XXXX

The subject loan does not meet Program Parameters for number of units. The subject property is a XXXX unit property. Investor requires approval for properties with XXXX+ units.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
email from lender showing approval of property

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

XXXX. XXXX% LTV. XXXX DSCR.

XXXX

2191826

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a Commercial Technical Review, dated XX/XX/XXXX, which supports value.

Cleared

XXXX

2191827

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 Months prepayment term, the loan has a XXXX Months prepayment term. The loan fails the prepayment test by XXXX months. Borrower is an LLC.

Acknowledged

XXXX

2191827

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)
HOI Policy

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

XXXX

2191827

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2182325

1 of 7

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Current title reflects vesting at the time of search was XXXX and IQ88. There is a quit claim deed signed at closing deeding it from these two entities to solely IQ88. However, the new mortgage is only in the name of XXXX. Schedule B requirements in the title work were requesting a deed of transfer from the two entities into XXXX as an individual. There is discrepancy between current vesting, proposed insured, the vesting on the new mortgage, and the quit claim deed that was executed.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Quit Claim deed.

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

XXXX

2182325

2 of 7

XXXX

Credit

Credit - Other

XXXX

There are additional observations that could impact the credit decision and/or quality of the loan. The HUD-XXXX from purchase within XXXX months of the note is not present in the loan file to verify that the purchase was a cash purchase with no mortgages/liens/gifts.

Waived

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

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

XXXX. XXXX% LTV. XXXX months of reserves.

XXXX

2182325

3 of 7

XXXX

Credit

DSCR - Missing Entity Documentation

XXXX

Missing required business documentation per guidelines. The operating agreement for the borrowing entity XXXX was not signed by any of it's members. Further, the certificate of good standing is missing from the loan file for the borrowing entity XXXX.

Resolved

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

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
operating agreement

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
COGS

Rebuttal 4 (XX/XX/XXXX XX:XXPM)
signed OA

Response 1 (XX/XX/XXXX XX:XXAM)
Resolution does not address defect. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The Operating Agreement is still not executed and the Certificate of Good Standing is still missing. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Operating Agreement is still not executed. (XXXX)

Response 4 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2182325

4 of 7

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. The guidelines require any owner of XXXX% or more of the borrowing entity must be a personal guarantor. Further, an application, credit report and background check is required on all personal guarantors. The borrowing entity consists of only XXXX members. XXXX with XXXX% membership and XXXX with XXXX% membership. The only guaranty in the loan file reflects XXXX with XXXX%. The signed guaranty, application, credit report and background check are missing from the loan file for XXXX. Additional conditions may apply.

Resolved

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

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

XXXX

2182325

5 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

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

XXXX

2182325

6 of 7

XXXX

Credit

Program Parameters - LTV

XXXX

The LTV does not meet the program eligibility guidelines. The maximum allowed LTV for a cash-out refinance with a loan amount of $XXXX and a qualifying FICO of XXXX is XXXX%. The subject closed with an LTV of XXXX% which exceeds the maximum allowed.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Reviewed to the XXXX NonQM and DSCR Matrices dated XXXX.XXXX.

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

XXXX

2182325

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 appraised value.

Cleared

XXXX

2182326

1 of 7

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The Entity name on the Security Instrument is inconsistent with the title. The Title reflects current vested interest is XXXX; however, the mortgage lists XXXX and XXXX and was executed only by XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
mortgage

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

XXXX

2182326

2 of 7

XXXX

Credit

Credit - Other

XXXX

The vesting per the mortgage is mis-spelled. The borrowing entity per the Note is XXXX but the mortgage vesting has is spelled XXXX, LLC.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
deed to fix vesting

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
aff

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX on the mortgage requires correction. (XXXX)

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

XXXX

2182326

3 of 7

XXXX

Credit

DSCR - Missing Entity Documentation

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
here you go

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
operating agreement

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
signed OA

Response 1 (XX/XX/XXXX XX:XXAM)
Still missing signed Operating Agreement. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Operating Agreement is not executed. (XXXX)

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

XXXX

2182326

4 of 7

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Resolved

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

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

XXXX

2182326

5 of 7

XXXX

Credit

Program Parameters - LTV

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Reviewed to the XXXXNonQM and DSCR Matrices dated XXXX.XXXX.

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

XXXX

2182326

6 of 7

XXXX

Credit

Title Commitment - Other

XXXX

There are additional findings regarding the title commitment. The title commitment reflects the subject title is currently vested in XXXX and the final closing disclosure was signed as XXXX; however, the mortgage, guaranty and note were signed with XXXX and the vesting per the mortgage is XXXX with XXXX% and XXXX with XXXX%. The title commitment in the loan file makes no indication of changing the vesting to XXXX and there is no deed present in the loan file to change the vesting. Additional conditions may apply.

Resolved

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

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
title and CD

Response 1 (XX/XX/XXXX XX:XXAM)
Resolution does not address defect. (XXXX)

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

XXXX

2182326

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 appraised value.

Cleared

XXXX

2187499

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Final Closing Disclosure and Data Proof sheet indicates that a Prepayment Penalty applies to this loan, however there is no Prepayment Addendum to the Note.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
NO PPP -XXXX does not allow corrected CD attached

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

XXXX

2187499

2 of 4

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: Borrower did not provide the execution date on the signature line located on page XXXX.

Resolved

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

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

XXXX

2187499

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187499

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

2185081

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2185081

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2185081

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2185082

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2185082

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2185082

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2187500

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187500

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187500

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2194166

1 of 3

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The borrower’s name on the Security Instrument is inconsistent with the XXXX. Title reflects that current vested interest is in the name of XXXX and XXXX, however the mortgage lists XXXX. A deed transferring ownership interest from XXXX and XXXX to XXXX is required to confirm ownership interest in the new mortgage.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
please see attached transfer deed.

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

XXXX

2194166

2 of 3

XXXX

Credit

HELOC - Closure Letter

XXXX

A portion of the loan proceeds were utilized to payoff a XXXX which was a home equity line of credit. The loan file did not contain a a HELOC Closure letter for the XXXX HELOC as required.

Resolved

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

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

XXXX

2194166

3 of 3

XXXX

Valuation

Appraisal - 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

2187164

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187164

2 of 3

XXXX

Credit

Assets - Cash to Close

XXXX

The file was $XXXX short of funds to close and $XXXX short of required reserves for a total of $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX and XXXX bank statements for &#XXXX;XXXX&#XXXX;, the parent entity of the series entity this loan closed under. XXXX statement is showing a final balance of $XXXX as of XX/XX/XXXX.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Additional bank statements and corresponding OA attached.

Response 1 (XX/XX/XXXX XX:XXAM)
This account was used at initial review. The shortage stands. (XXXX)

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

XXXX

2187164

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2187163

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

2187163

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187163

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2187166

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2187166

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187166

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 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, XX/XX/XXXX, XX/XX/XXXX and XX/XX/XXXX which support the appraised values.

Cleared

XXXX

2187165

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2187165

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)
Declaration page for the EOI outlining all covered perils on the policy.

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

XXXX

2187165

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2187491

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187491

2 of 3

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

The loan file is missing the credit report for the Borrower/Guarantor XXXX. The loan file is missing a XXXX month VOM for the Borrower's primary residence payable to XXXX for $XXXX (as reflected on XXXX fraud report). It should be noted, if the XXXX month VOM is not reflected on the credit report, additional conditions will apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
we do not request VOM&#XXXX;s on primary residences.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Please see attached reports, as stated we do not request VOM&#XXXX;s on primary residences.

Response 1 (XX/XX/XXXX XX:XXPM)
A credit report for the borrower/guarantor has not been received. (XXXX)

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

XXXX

2187491

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2188739

1 of 8

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2188739

2 of 8

XXXX

Credit

Borrower - Residency Alien Documentation

XXXX

The application reflects the borrower as a permanent resident; however, the file contains no evidence documenting status as outlined in the guidelines.

Resolved

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

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
please see attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Please provide permanent resident card. (XXXX)

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

XXXX

2188739

3 of 8

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:XXAM)
Please see attached.

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

XXXX

2188739

4 of 8

XXXX

Credit

Credit - Other

XXXX

The subject purchased XX/XX/XXXX for $XXXX as a cash transaction with the subject transaction note date of XX/XX/XXXX; therefore, delayed financing. The file contains the HUD from the purchase transaction; however, is missing the source of funds used to acquire the subject property in the amount of $XXXX and EMD of $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
budget on costs completed to date attached. this was originally sent as a FNF loan but could not turn it around in time to meet COE. Borrower took it down and renovated in cash. Seasoning and total cost spent go out the window as they completed it in cash.

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

XXXX

2188739

5 of 8

XXXX

Credit

Credit Report - Alerts

XXXX

The borrower's credit report contains a fraud victim alert for XXXX years beginning XX/XX/XXXX which was not addressed/cleared in the loan file.

Resolved

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

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

XXXX

2188739

6 of 8

XXXX

Credit

Income - Rental Property/Missing Lease

XXXX

The appraisal reflects the subject property as tenant occupancy. The pictures reflect subject occupied as well. The lease agreement is missing from the loan file. Additional conditions may apply.

Resolved

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

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

XXXX

2188739

7 of 8

XXXX

Credit

Program Parameters - Loan Amount

XXXX

The subject purchased XX/XX/XXXX for $XXXX as a cash transaction; therefore, delayed financing. Review of the purchase HUD reflects the closing costs of $XXXX plus EMD of $XXXX which equals $XXXX. The new loan amount is $XXXX. Per the guidelines, the new loan amount cannot exceed the original, documented cost basis. The appraisal reflects the current value of $XXXX used to determine the LTV, with the appraiser stating the kitchen and bathrooms updated less than a year, and that the recent updates/renovation contributed to the increase in the value. The file is missing documentation to confirm the recent updates/renovation costs. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
budget on costs completed to date attached. this was originally sent as a FNF loan, but could not turn it around in time to meet COE. Borrower took it down and renovated in cash. Seasoning and total cost spent go out the window as they completed it in cash.

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

XXXX

2188739

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

Cleared

XXXX

2194165

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2194165

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2194165

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 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 which support the appraised values.

Cleared

XXXX

2187492

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187492

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The guidelines indicate XXXX must be reviewed for approval on a case-by-case basis. The Borrowing Entity, XXXX LLC, is XXXX% owned by XXXX. The loan file does not contain documentation to support the loan transaction was reviewed at origination and received approval for a Borrowing Layered Entity.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
this is not a valid exception. loan would have not been able to close.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
please see attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Layered Entity approval is required. (XXXX)

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

XXXX. Experienced. XXXX% LTV.

XXXX

2187492

3 of 4

XXXX

Credit

Mortgage History - Missing/Incomplete

XXXX

The loan file is missing a XXXX month VOM for the subject property.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
we do not require verifications of mortgage.

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

Response 1 (XX/XX/XXXX XX:XXAM)
Mortgage history is required for the subject property per a conversation with Investor and XXXX. (XXXX)

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

XXXX

2187492

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

2188741

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2188741

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2188741

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2188740

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2188740

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2188740

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2187493

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187493

2 of 3

XXXX

Credit

DSCR - Missing background check

XXXX

Missing background check per guidelines for the entity. XXXX, including business summary, real property searches and judgments/liens.

Resolved

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

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

XXXX

2187493

3 of 3

XXXX

Valuation

Appraisal - 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

2188742

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2188742

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2188742

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2194168

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 prepayment percentage of XXXX% per year for XXXX years. This loan as a prepayment term is XXXX%, XXXX% and XXXX% for XXXX years. The loan fails the prepayment test.

Acknowledged

XXXX

2194168

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2194168

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2194167

1 of 5

XXXX

Compliance

Security Instrument - Missing Rider/Addendum

XXXX

The following referenced Rider(s) / Legal Addendum(s) is missing: XXXX. The Legal description, Title Commitment and XXXX have reference to property being part of XXXX and no XXXX was included with the Security Instrument.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Please see attached. There will be no rider as these are all one property.

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

XXXX

2194167

2 of 5

XXXX

Credit

Credit Report - Other

XXXX

The credit report for guarantor, XXXX, reflected that the EXP credit file was frozen by the consumer. The investor guidelines reflected credut must not reflect a security freeze and must be resolved prior to an underwriting decision. Updated credit to support the credit score for EXP was not provided as required.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
only applies if we are not able to generate XXXX scores - what do you need from our side to waive this?

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
please see approval.

Response 1 (XX/XX/XXXX XX:XXAM)
Section 5.2.3 does not allow a frozen bureau. (XXXX)

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

XXXX. XXXX% LTV. XXXX months of reserves.

XXXX

2194167

3 of 5

XXXX

Credit

DSCR - Missing background check

XXXX

The subject closed in the name of an entity. The operating agreement reflected XXXX entity members, each with a XXXX% ownership. The investor guidelines required a background/fraud report for each entity member with XXXX% or greater ownership interest. The background/fraud report was missing for entity member, XXXX and XXXX to include criminal and judgment searches. The required documentation was not provided.

Resolved

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

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

XXXX

2194167

4 of 5

XXXX

Credit

Program Parameters - Cash-Out Amount

XXXX

The subject was a cash out refinance with net proceeds to the borrower in the amount of $XXXX. The investor guidelines limited the maximum cash out to $XXXX. Cash out exceeds the maximum allowed.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Cash Out Max - see approved exception

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

XXXX. XXXX% LTV. XXXX months of reserves.

XXXX

2194167

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. A CDA dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2194170

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Acknowledged

XXXX

2194170

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2194170

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2194169

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2194169

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2194169

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2133339

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2133339

2 of 4

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.

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

2133339

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 XXXX public records search for the Borrower resulted in XXXX possible Criminal Arrest filings that did not specify the offense or the date of the infraction. The loan file did not contain additional documentation to verify the offense or date of the offense to ensure the Borrower meets the criminal felony lender guidelines as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
all three hits on the background are vehicle related

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

XXXX

2133339

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 contained a CDA dated XX/XX/XXXX that supported the value.

Cleared

XXXX

2184447

1 of 4

XXXX

Compliance

Security Instrument - Missing

XXXX

The Security Instrument (Mortgage/Deed of Trust) is missing.

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

2184447

2 of 4

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The Security Instrument is missing and the vesting interest on the Title Commitment does not match the name of the borrower according to the loan approval. The Title commitment XXXX, part XXXX requirement # XXXX states a recorded Warranty Deed from XXXX to borrower XXXX is needed.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached DEED document

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

XXXX

2184447

3 of 4

XXXX

Credit

Assets - Large Deposits/Unacceptable

XXXX

Recent large deposits were not adequately sourced and/or documented. The guidelines required any Large Deposits, defined as any deposit representing more than XXXX% of the monthly average deposit balance which exceeds $XXXX, must be sourced/evaluated. Any unsourced large deposits will not be counted towards the Verified Liquidity figures. The statement for account ending XXXX reflected a $XXXX large deposit dated XX/XX/XXXX and a $XXXX dated XX/XX/XXXX, which was not documented as sourced. Also, the statement for account ending XXXX reflected a $XXXX large deposit dated XX/XX/XXXX and a $XXXX dated XX/XX/XXXX, which was not documented as sourced. Without this documentation, there would be insufficient funds for the transaction.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
LOX for large deposits

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
HUDs for three properties

Response 1 (XX/XX/XXXX XX:XXAM)
Please provide the XXXX referenced cash-out HUD's. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
HUD disbursements received are not large deposit sources. The large deposits occurred in XXXX. The HUD disbursements occurred in XXXX. (XXXX)

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

XXXX

2184447

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

2137444

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2137444

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)
HOI agent confirmation

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

XXXX

2137444

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2133350

1 of 3

XXXX

Compliance

Compliance Finding - Missing Business Purpose Documentation

XXXX

There are additional XXXX. Missing the following Business purpose documentation: Evidence XXXX will not occupy the property

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Attached

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

XXXX

2133350

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2133350

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2184449

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2184449

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)
confirmation from HOI agent

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Maybe I uploaded the wrong one. Attached has subjeXXXXof XXXX XXXX. Loan XXXX, borrower last name, and LLC

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
Confirmation of address and AOP

Response 1 (XX/XX/XXXX XX:XXPM)
Email subject references incorrect property address. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The subject is XXXX. (Upheld)

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

XXXX

2184449

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2184448

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2184448

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)
Confirmation of AOP on HOI

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

XXXX

2184448

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2167962

1 of 7

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2167962

2 of 7

XXXX

Credit

Assets - Authorization

XXXX

The asset statement with XXXX #XXXX reflects the account holder of XXXX XXXX LLC. The file does not contain evidence of the borrower(s) percentage of ownership in the business for use of these assets. No further asset documentation in the file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Bank statement uploaded in error - see attached bank statement with sufficient assets and has borrower name on the account so he has access to these funds. Please clear.

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

XXXX

2167962

3 of 7

XXXX

Credit

Assets - Large Deposits/Unacceptable

XXXX

A recent large deposit is reflected on the asset statement with XXXX #XXXX, with the account holder as a non-borrowing entity, in the amount of $XXXX which exceeds the large deposit threshold of $XXXX and was not addressed in the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See attached bank statement and VOD in XXXX name with sufficient asset reserves for the loan. Other bank account not needed.

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

XXXX

2167962

4 of 7

XXXX

Credit

Assets - Minimum Reserves

XXXX

Loan closed as a cash-out refinance with $XXXX net proceeds reflected on the HUD. The file contains a bank statement with XXXX #XXXX as of XX/XX/XXXX with a balance of $XXXX with the account holder as XXXX and no further asset documentation provided. Total required assets $XXXX which is XXXX month's reserves on the subject property. Sufficient reserves to meet underwriting requirements and PITI were not verified in the file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See attached bank statement and VOD showing borrower name on account.

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

XXXX

2167962

5 of 7

XXXX

Credit

DSCR - Missing required STR Documents

XXXX

The subject property is a short-term rental. The subject property is not self-managed as evidenced by the rent roll provided from XXXX. Guidelines require a copy of the property management agreement, evidence of the short-term listing, and third-party market rental data, and is missing from the file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See attached appraisal that has market rent data, the website showing the listing for the STR, and the property management agreement.

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

XXXX

2167962

6 of 7

XXXX

Credit

Program Parameters - LTV

XXXX

Loan closed as a cash-out refinance with LTV of XXXX%, XXXX, and loan amount of $XXXX. Per the matrix, the max LTV is XXXX%. The LTV does not meet the program eligibility guidelines.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PPF agrees to waive as well.

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 verified reserves, XXXXx30x55 month mortgage history

Compensating Factors: XXXX qualifying credit score, DSCR of XXXX, XXXXx30x55 month mortgage history, $XXXX verified reserves

XXXX

2167962

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

Cleared

XXXX

2191770

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2191770

2 of 3

XXXX

Credit

Credit Report - Adverse Credit

XXXX

The XXXX report on the borrowing entity reflects a recent state tax XXXX filed on XX/XX/XXXX with creditor as XXXX. Explanation and evidence of satisfaction of tax lien required. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached copy of release of XXXX and email from XXXX.

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

XXXX

2191770

3 of 3

XXXX

Valuation

Appraisal - 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

2187497

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.

Acknowledged

XXXX

2187497

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187497

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2185096

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2185096

2 of 5

XXXX

Credit

Assets - Cash to Close

XXXX

Subject transaction delayed purchase. The file contains an unexecuted HUD reflecting funds in the amount of $XXXX on XX/XX/XXXX. The file is missing the source of funds used to acquire the subject property in the amount of $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached bank statement - two deposits listed to title for purchase transaction.

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

XXXX

2185096

3 of 5

XXXX

Credit

Final Application - Missing

XXXX

The application is missing from the loan file.

Resolved

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

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

XXXX

2185096

4 of 5

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The loan file only contains an insurance quote. The file is missing the current hazard insurance policy on the subject property with sufficient coverage/replacement cost, all perils, XXXX mortgagee clause, etc.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached for dec page and confirmation of all perils coverage

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

XXXX

2185096

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

2195778

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195778

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2195778

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2195779

1 of 3

XXXX

Compliance

Flood Insurance - Escrow Notice

XXXX

The loan was subject to XXXX and the Notice to Borrower in Special Flood Hazard Area Disclosure was not received XXXX days prior to closing. National Flood Insurance Act (NFIA) & Implementing Regulations XXXX USC 4012a(d) // 12 CFR 208.25(e)(2)

Acknowledged

XXXX

2195779

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2195779

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2187498

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187498

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187498

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2195780

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195780

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2195780

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2185097

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2185097

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2185097

3 of 3

XXXX

Valuation

Appraisal - 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

2191771

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2191771

2 of 3

XXXX

Credit

Program Parameters - LTV

XXXX

The LTV does not meet the program eligibility guidelines. According to guidelines the maximum LTV for a cash out refinance for a non permanent resident is XXXX%. The subject LTV is XXXX% which exceeds the maximum allowable.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached guideline exception approved by investor

Response 1 (XX/XX/XXXX XX:XXPM)
Exception received by lender. However, exception must be approved by client. (XXXX)

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

Compensating Factors: XXXX qualifying credit score, $XXXX verified reserves, substantial investor experience

XXXX

2191771

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2191772

1 of 6

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

2191772

2 of 6

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note is incomplete: The Loan Agreement is missing the Lender's signature.

Acknowledged

XXXX

2191772

3 of 6

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The first page of the Security Instrument is in the name of an Individual. The signature page is signed by authorized members of the organization.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The first page of the security instrument shows the "signatories" aka the individual name of our borrower. The second page shows the entity name. Page XXXX shows that the borrower is the only signer, there is an unofficial witness (not another member of the entity) and the notary public. Security deed attached for reference.

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

XXXX

2191772

4 of 6

XXXX

Compliance

Security Instrument - Missing Rider/Addendum

XXXX

The following referenced Riders are missing: XXXX-XXXX Family Rider, XXXX, SFR Rider, Business Loan Rider,

Resolved

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

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

XXXX

2191772

5 of 6

XXXX

Credit

Credit - Other

XXXX

The guaranty is missing from the loan file.

Resolved

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

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

XXXX

2191772

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 the appraised value.

Cleared

XXXX

2137487

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Acknowledged

XXXX

2137487

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The lender provided an exception to allow for a condotel with a unit less than 500sqft. Considered non-material based on compensating factors (waived).

Waived

Compensating factors: XXXX, XXXX mos reserves

XXXX

2137487

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2137485

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

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

2137485

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137485

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2136046

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

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

2136046

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 contains a driver's license; however, did not contain any of the other required documentation for the non-borrowing guarantor, XXXX.

Resolved

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

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

XXXX

2136046

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2136051

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

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

2136051

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file contains a lender exception to allow a borrower LOE to determine members percentage of ownership of the business. Determined non-material based on compensating factors (waived).

Waived

Compensating Factors: Primary residence free & clear XXXX yrs, XXXX+ mons PITI

XXXX

2136051

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2136050

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

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

2136050

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136050

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2133209

1 of 5

XXXX

Compliance

Federal - HPML APR/Non-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 non-compliant HPML due to the following: There is no evidence in the loan file that appraisal report was provided at least XXXX days prior to consummation.

Resolved

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

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

XXXX

2133209

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

2133209

3 of 5

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. 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

2133209

4 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2133209

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

2136056

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

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

2136056

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136056

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2137491

1 of 4

XXXX

Compliance

HUD1 - Not Final

XXXX

It could not be determined that the HUD-XXXX provided in theloan file was the FINAL binding HUD-XXXX. The HUD-XXXX was not signed, marked asFinal, and/or stamped as certified true and accurate. Real Estate SettlementProcedures Act (Regulation X) 12 CFR XXXX, XXXX

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Docs uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is not sufficient to clear the finding. The HUD provided was in the original loan file and is not signed or marked as True and Certified. (Acknowledged)

XXXX

2137491

2 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender.

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

2137491

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137491

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

2136059

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2136059

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136059

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2137499

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

Acknowledged

XXXX

2137499

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file contains a lender exception to allow a rural property which under the DSCR program is considered an unacceptable property type. Determined non-material based on compensating factors (waived).

Waived

Compensating factors: DSCR >XXXX, LTV XXXX% less than XXXX allowed

XXXX

2137499

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2137504

1 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

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

2137504

2 of 5

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2137504

3 of 5

XXXX

Credit

DSCR - Missing background check

XXXX

The loan file is missing the required background check for XXXX.

Resolved

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

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

XXXX

2137504

4 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file is missing proof of good standing for XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
cert of good standing

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

XXXX

2137504

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

2136069

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

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

2136069

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136069

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2141181

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2141181

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2141181

3 of 4

XXXX

Credit

Hazard Insurance - All Perils

XXXX

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

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
HO3 is included, HOI policy with that verbiage highlighted

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
policy verbiage highlighted that confirms policy has HO3

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

Response 2 (XX/XX/XXXX XX:XXAM)
Updated HOI received. (Resolved)

XXXX

2141181

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

2137509

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

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

2137509

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137509

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2137510

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

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

2137510

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2137510

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137510

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

2137518

1 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

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

2137518

2 of 5

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note is incomplete: The date of 'intent to be legally bound' on Exhibit B of the Loan Agreement is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached. The original has been sent to XXXX by the title.

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

XXXX

2137518

3 of 5

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2137518

4 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2137518

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

2137517

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

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

2137517

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The lender provided an exception to allow for a BK seasoned less than XXXX mos. Considered non-material based on compensating factors (waived).

Waived

Compensating factors: XXXX mos reserves, XXXX

XXXX

2137517

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. he loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value

Cleared

XXXX

2137519

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: The Loan Agreement was not executed by the lender.

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

2137519

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the guidelines guarantors are required to complete a limited application that includes their name, address, date of birth, social security number and citizenship. In addition the guarantor must provide authorization for a credit report, background report and provide identification such as a driver's license or passport. The loan file is missing the required documents for guarantor XXXX. 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

2137519

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX provided to allow guarantor with a XXXX credit score which does not meet the minimum XXXX requirement. Determined non-material based on compensating factors (waived).

Waived

Compensating Factors: LTV XXXX, DSCR greater than XXXX%

XXXX

2137519

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

2177186

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2177186

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 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 qualifying assets. The loan application reflected additional assets with a XXXX account *XXXX which is also the account that the earnest money deposit was wired from; however, the loan file did not contain any bank statements for this account to evidence the balance and the earnest money deposit clearing the account. Without the use of these funds, there is a $XXXX shortage in verified assets.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see the attached asset statements for XXXX & the XXXX truist accounts

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

XXXX

2177186

3 of 4

XXXX

Credit

Income - Insufficient Documentation

XXXX

According to the bank statement worksheet, along with the application, the borrower's qualifying income consisted of XXXX self-employed businesses utilizing XXXX months bank statements for each business. The XXXX months bank statements with XXXX **XXXX were present in the loan file and verified the income from the business "XXXX" in the amount of $XXXX. However, the XXXX months of bank statements for the XXXX account *XXXX to verify the income in the amount of $XXXX for "XXXX" were not present in the loan file. Without the use of this income, the DTI would exceed guideline maximum.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached is the Bank Statements for XXXX

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

XXXX

2177186

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

2195982

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195982

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. The loan file is missing a google search for the entity, XXXX.

Resolved

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

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

XXXX

2195982

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2180235

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2180235

2 of 5

XXXX

Credit

Mortgage History - Missing/Incomplete

XXXX

The Borrowers are First Time Homebuyers who currently live "Rent Free." The guidelines indicate Borrowers who have lived in a rent-free situation are ineligible.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX has reviewed the file and approved the rent free living situation. Attached is the email chain with approval.

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

XXXX. $XXXX per month residual income. XXXX months of reserves.

XXXX

2180235

3 of 5

XXXX

Credit

Verification Documentation - VVOE Salaried/Missing

XXXX

The loan file is missing a VVOE dated within XXXX business days from the Note date XX/XX/XXXX for Borrower XXXX.

Resolved

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

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

XXXX

2180235

4 of 5

XXXX

Credit

Verification Documentation - VVOE Salaried/Missing

XXXX

The loan file is missing a VVOE dated within XXXX business days from the Note date XX/XX/XXXX for Borrower XXXX from the following employers: XXXX, XXXX, XXXX, XXXX and XXXX

Resolved

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

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

XXXX

2180235

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

2177187

1 of 3

XXXX

Compliance

Flood Insurance - Escrow Notice

XXXX

The loan was subject to XXXX and receipt of the Notice to Borrower in Special Flood Hazard Zone Area Disclosure was not received within XXXX days of closing. Regulations XXXX USC 4012a(d) // 12 CFR 208.25(e)(2)

Acknowledged

XXXX

2177187

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2177187

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2195981

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195981

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2195981

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2195970

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195970

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2195970

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2189485

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: No evidence of Loan Agreement found in loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PLEASE REVIEW THE ATTACHED PREPAYMENT ADDENDUM TO NOTE AND LOAN AGREEMENT

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

XXXX

2189485

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2189485

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2195980

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195980

2 of 5

XXXX

Credit

Appraisal - Other

XXXX

There are additional appraisal findings. Per guidelines Acceptable Desk Review is required. Appraisal desk review deemed unacceptable at value of $XXXX. XXXX not material using current Desk Review value of $XXXX. (Waived)

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX non-material based on compensating factors. (Waived)

Compensating factors: Proceed with current Desk Review & additional review by XXXX (XXXX' Appraisal Review Mgr.) Using $XXXXk as Value

XXXX

2195980

3 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. XXXX is listed for sale. XXXX to allow borrower's primary home to be listed for sale. Loan amount exception to max $XXXX. 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: DSCR greater than XXXX, Reserves of $XXXX.

XXXX

2195980

4 of 5

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

2195980

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 value. Lender utilized lower value of $XXXX from the lender's internal desk review. Per ratings agency this is acceptable and rated as an EV2.

Cleared

XXXX

2195979

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195979

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the lender's guidelines a google search of the entity is required. The loan file did not contain a google search for the entity, XXXX.

Resolved

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

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

XXXX

2195979

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2195978

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195978

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2195978

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2195977

1 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2195977

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The lender guidelines require a Property Management Agreement between the borrower and the Property Manager when a XXXX acts as the agent for the property owner. The loan file is missing the required Property Management Agreement between the borrower and XXXX.

Resolved

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

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

XXXX

2195977

3 of 4

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing.

Resolved

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

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

XXXX

2195977

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

2195976

1 of 6

XXXX

Compliance

Appraisal Notice - Late

XXXX

Unable to determine if the appraisal notice was issued within XXXX business days from application due to the following: There was no application date. 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

2195976

2 of 6

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2195976

3 of 6

XXXX

Credit

Credit - Other

XXXX

The subject loan was delivered as a XXXX% LTV cash out refinance. Lender guidelines require an executed ACH form for cash out refinances with an LTV greater than XXXX%. The loan file did not contain an executed ACH form as required.

Resolved

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

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

XXXX

2195976

4 of 6

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

DSCR - Program Parameters - Other. The lender guidelines require a Property Management Agreement between the borrower and the Property Manager when a XXXX acts as the agent for the property owner. The loan file is missing the required Property Management Agreement between the borrower and XXXX.

Resolved

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

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

XXXX

2195976

5 of 6

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing. The loan file did not contain a flood certificate as required. Additional conditions may apply upon receipt.

Resolved

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

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

XXXX

2195976

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 the appraised value.

Cleared

XXXX

2189484

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2189484

2 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. All properties owned by the borrower must be fully documented on the schedule of real estate owned (REO) section of the loan application. The borrower has multiple cash out refinance loans in process at the same time and the properties associated with loan numbers XXXX and XXXX were not reflected on the subject final loan application.

Void

Response 1 (XX/XX/XXXX XX:XXPM)
Finding has been voided. (Void)

XXXX

2189484

3 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. The loan file is missing evidence UW performed a Google Search of the borrower, XXXX and entity, XXXX. Additional conditions may apply.

Resolved

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

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

XXXX

2189484

4 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. When a borrower has multiple loans in process at the same, the funds to close and reserves requirements for all loans must be reviewed in aggregate. Provide Final HUD-XXXX from loans XXXX and XXXX for funds to close. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
FINAL HUD FOR THE XXXX OTHER LOANS

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

XXXX

2189484

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

2189483

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2189483

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2189483

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2189482

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2189482

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2189482

3 of 3

XXXX

Valuation

Appraisal - 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

2189481

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2189481

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2189481

3 of 3

XXXX

Valuation

Appraisal - Value 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 XXXX.

Cleared

XXXX

2195984

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195984

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the lender's guidelines a google search of the borrower and entity is required. The loan file did not contain a google search for the borrower or the entity, XXXX.

Resolved

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

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

XXXX

2195984

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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.

Cleared

XXXX

2189480

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2189480

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2189480

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2195975

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following sections of the Note are incomplete: The Exhibit B to the Loan Agreement did not disclose the Entity as the Borrower and the Lender name is missing.

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

2195975

2 of 4

XXXX

Compliance

Note - Name Discrepancy

XXXX

Page one of the Note and the Loan Agreement lists the borrower as an individual in the "For Value Received" section. It should list the entity name.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
SEE ATTACHED.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
SEE ATTACHED UPDATED PAGE XXXX OF THE XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. the corrected pg. XXXX of the Note and the Cover pg. of the Loan Agreement has been provided; however, the corrected pg. XXXX of the Loan Agreement has not been provided. (XXXX)

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

XXXX

2195975

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2195975

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

2189479

1 of 4

XXXX

Compliance

Flood Insurance Required

XXXX

The Flood Notice in the loan file was signed on XX/XX/XXXX. The Flood Notice should have been received at least XXXX days prior to closing.

Acknowledged

XXXX

2189479

2 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

2189479

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2189479

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

2189478

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2189478

2 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. All properties ownedby the borrower must be fully documented on the schedule of real estate owned(REO) section of the loan application. The borrower has multiple cash outrefinance loans in process at the same time and the properties associated withloan numbers XXXX and XXXX were not reflected on the subject final loanapplication.

Void

Response 1 (XX/XX/XXXX XX:XXPM)
Finding has been voided. (Void)

XXXX

2189478

3 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. The loan file is missing evidence UW performed a Google Search of the borrower, XXXX and entity, XXXX. Additional conditions may apply.

Resolved

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

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

XXXX

2189478

4 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. Whena borrower has multiple loans in process at the same, the funds to close and reserves requirements for all loans must be reviewed in aggregate. Provide Final HUD-XXXX from loans XXXX and XXXX for funds to close. Additional conditions may apply

Resolved

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

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

XXXX

2189478

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

2196030

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2196030

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2196030

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2196029

1 of 4

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The Security instrument is missing the borrower initials for the manual edit to the signing dates.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
correction uploaded

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

XXXX

2196029

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

According to guidelines all guarantors are required to provide a limited application, authorization for a credit report and background report along with identification documentation. The loan file is missing all 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

2196029

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

According to guidelines private part VOM's are acceptable with XXXX months cancelled checks. The loan file contains a private party VOM for the subject property; however, no cancelled checks were provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
VOM 12MO uploaded

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

XXXX

2196029

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 supportive of value.

Cleared

XXXX

2196028

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2196028

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. The Guaranty Agreement in the file was signed by non-borrower XXXX, XXXX% owner of XXXX. Guidelines require all guarantors to provide a limited application which includes the name, address, date of birth, Social Security number and citizenship. Additional, an authorization for a credit report and background report as well as Identification documentation such as a driver's license or a passport are required for all guarantors. The loan file did not contain any of this documentation for the non-borrowing guarantor.

Resolved

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

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
guarantor docs

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

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

XXXX

2196028

3 of 3

XXXX

Valuation

Appraisal - 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 loan file dated XX/XX/XXXX supports the appraised value.

Cleared

XXXX

2196026

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2196026

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

According to guidelines all guarantors are required to provide a limited application, authorization for a credit report and background report along with identification documentation. The loan file contains a background report; however, no other documentation was provided for the non-borrowing guarantor, XXXX.

Resolved

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

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

XXXX

2196026

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2189477

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2189477

2 of 3

XXXX

Credit

DSCR - Missing background check

XXXX

The loan file is missing a background report to include a lien and judgment 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

2189477

3 of 3

XXXX

Valuation

Appraisal - 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

2196025

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2196025

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guidelines require a google search for borrower and entity. The loan file did not contain a search for either one.

Resolved

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

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

XXXX

2196025

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2195983

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195983

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2195983

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2196024

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2196024

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2196024

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2189476

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2189476

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2189476

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2196023

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2196023

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2196023

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2189475

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2189475

2 of 3

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing. The loan file did not contain a flood certificate as required. Additional conditions may apply upon receipt.

Resolved

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

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

XXXX

2189475

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2196022

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2196022

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

2196022

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2195969

1 of 3

XXXX

Compliance

Flood Insurance Required

XXXX

The Flood Notice in the loan file was signed on XX/XX/XXXX. The Flood Notice should have been received at least XXXX days prior to closing.

Acknowledged

XXXX

2195969

2 of 3

XXXX

Credit

Credit - Other

XXXX

Approved to use new lease in place vs XXXX as appraisal is marked vacant . Rental agreement is new and showing proof of XXXXst months rent and deposit. (Waived)

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX non-material based on compensating factors. (Waived)

Compensating Factors: Borrower has lived in primary for XXXX+ years, Assets exceed required reserves by XXXX
months, Borrower has XXXX+ investment properties

XXXX

2195969

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2196021

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 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

2196021

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2196021

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2187169

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187169

2 of 4

XXXX

Credit

Credit - Other

XXXX

Guidelines required background report to include XXXX and judgment search. No background or XXXX and judgment report was provided for the borrowing entity.

Resolved

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

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

XXXX

2187169

3 of 4

XXXX

Credit

Credit - Other

XXXX

The Title Commitment reflects two mortgage liens on the subject property. HUD-XXXX reflects lien with XXXX being paid off; however, no documentation provided in the loan file to confirm seller financed note taken out XX/XX/XXXX from XXXX in the amount of $XXXX has been satisfied. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX is owned by the borrower – please see OA attached.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
attached

Response 1 (XX/XX/XXXX XX:XXPM)
LTV would still be over XXXX% and XXXX position could be affected. (XXXX)

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

XXXX

2187169

4 of 4

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)
attached

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Please see updated narrative comment provided by the appraiser at XXXX. The range of XXXX-XXXX does fall within the tolerance.

Response 1 (XX/XX/XXXX XX:XXPM)
Only a value range was provided without an exact value estimate. The lower part of the range is more than XXXX% less than the appraised value. (XXXX)

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

XXXX

2196020

1 of 8

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2196020

2 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 and/or increases: Abstract / Title Search Fee $XXXX, Closing Protection Letter Fee $XXXX, Courier / Messenger Fee $XXXX, Electronic Document Delivery Fee [XXXX Service Fee] $XXXX, XXXX Fee $XXXX, Lender's Title Insurance Policy $XXXX, XXXX Fee $XXXX, Settlement or Closing Fee $XXXX, Title Certification Fee $XXXX, Title Endorsement Fee $XXXX,Title Examination Fee $XXXX, XXXX Fee $XXXX, Recording Fee $XXXX. A 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

2196020

3 of 8

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

2196020

4 of 8

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2196020

5 of 8

XXXX

Compliance

TRID - Initial LE/Delivery Date (from application)

XXXX

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

2196020

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 and/or increases: XXXX $XXXX, Mortgage Broker Discount Fee(XXXX only) $XXXX, Appraisal Fee $XXXX, Credit Report 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

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

XXXX

2196020

7 of 8

XXXX

Credit

Program Parameters - Other

XXXX

XXXX provided to allow borrower with less than XXXX months self-employment history. Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX non-material based on compensating factors.

Compensating Factors: DTI XXXX, Residual Income greater than $XXXXK

XXXX

2196020

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. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2196019

1 of 4

XXXX

Compliance

FACTA Disclosure - Missing

XXXX

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

Acknowledged

XXXX

2196019

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2196019

3 of 4

XXXX

Credit

Program Parameters - Occupancy

XXXX

Theloan file is missing the required documentation for the departureresidence. The executed sales contract for the current residence andconfirmation that any financing contingencies have been cleared. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
property is a second home. they are not selling home.

Response 1 (XX/XX/XXXX XX:XXAM)
Including the second home mortgage will take the DTI over XXXX%. The net LTV is XXXX% with stacked fees, which is acceptable. (Resolved)

XXXX

2196019

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

2195974

1 of 3

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2195974

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2195974

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2196018

1 of 3

XXXX

Compliance

Flood Insurance Required

XXXX

The property is in a flood zone and the flood notice was not received by the borrower at least XXXX days prior to closing. The notice was signed at closing.

Acknowledged

XXXX

2196018

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2196018

3 of 3

XXXX

Valuation

Appraisal - 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

2196017

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2196017

2 of 3

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing.

Resolved

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

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

XXXX

2196017

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2189462

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2189462

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the lender's guidelines XXXX Automatic Payment Authorization (ACH) is required to be established for the borrower on all XXXX-XXXX unit loans. The subject property is XXXX units. There is no evidence automated payments were established for the borrower.

Resolved

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

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

XXXX

2189462

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Per the lender's guidelines the underwriter is required to perform a Google search of borrower and entity. The loan file did not contain evidence this was completed for the borrower or the entity.

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)
Borrower and Entity searches provide do not match the XXXX on the loan. (XXXX)

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

XXXX

2189462

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

2189474

1 of 4

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

2189474

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

2189474

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

XXXX provided to allow Borrower that does meet tradeline requirement (XXXX rated for XXXX months and XXXX tradelines rated XXXX months open or closed. 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 yrs credit history, Residual Income greater than $XXXXk

XXXX

2189474

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

2196016

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2196016

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2196016

3 of 3

XXXX

Valuation

Appraisal - Value is supported 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

2189473

1 of 3

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2189473

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2189473

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2196015

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2196015

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2196015

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2196014

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2196014

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file is missing the required background search for the entity, XXXX, to include liens and judgments search. Additional conditions may apply.

Resolved

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

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

XXXX

2196014

3 of 3

XXXX

Valuation

Appraisal - 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

2196013

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2196013

2 of 3

XXXX

Credit

DSCR - Missing background check

XXXX

Missing background check per guidelines. The loan file contains a a background but it is missing a full liens and judgements.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
SEE ATTACHED-SUB WITH ORIG UPLOAD

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Team, sent in escalation on this one- TPO search only pulled the report provided. formation of entity is XXXX/XXXX- fraud report and google search also provided

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
FraudGuard for business background search uploaded.

Response 1 (XX/XX/XXXX XX:XXAM)
Document provided is not a background search. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
No new documentation provided. (XXXX)

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

XXXX

2196013

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% 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 XXXX.

Cleared

XXXX

2196012

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2196012

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2196012

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2189472

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2189472

2 of 3

XXXX

Credit

DSCR - Missing background check

XXXX

Missing background check per guidelines. The background is missing the liens and judgements.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PLEASE REVIEW BACKGROUND CHECK

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
PLEASE SEE ATTACHED

Response 1 (XX/XX/XXXX XX:XXPM)
Please provide the No Hit results for XXXX. (XXXX)

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

XXXX

2189472

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 did not contain a CDA and the CU score is over XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please review attached CDA__COLLATERAL_DESK_ANALYSIS

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

XXXX

2195973

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195973

2 of 4

XXXX

Credit

DSCR - Missing background check

XXXX

Missing background check per guidelines. Missing background check per guidelines. The loan 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)
Please review background check

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
TEAM, PLEASE NOTE FORMATION OF ENTITY OF XXXX/XXXX- TLOxp pulled information provided.

Response 1 (XX/XX/XXXX XX:XXAM)
Please provide the No Hit results. (XXXX)

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

XXXX

2195973

3 of 4

XXXX

Credit

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 are missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please review attached google search

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

XXXX

2195973

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 in the file dated XX/XX/XXXX supports appraised value.

Cleared

XXXX

2189471

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2189471

2 of 4

XXXX

Credit

DSCR - Missing background check

XXXX

Missing background check per guidelines. The loan 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)
PLEASE REVIEW ATTACHED BACKGROUND CHECK

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
PLEASE SEE ATTACHED

Response 1 (XX/XX/XXXX XX:XXPM)
Please provided No Hit results for XXXX. (XXXX)

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

XXXX

2189471

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. Per the guidelines the underwriter is required to perform a google search of the borrower and entity. The required google searches are missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PLEASE REVIEW GOOGLE

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

XXXX

2189471

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

2189470

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The note is inaccurate. There are two executed notes with different terms. One with terms of interest only payments for XXXX months then principle and interest payments for XXXX months. One with terms of principle and interest payments for the full XXXX months.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please review attached NOTE

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

XXXX

2189470

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file is missing the required entity background search for the entity, XXXX, to include liens and judgments search. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please review the attached ldf and fraud guard

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

XXXX

2189470

3 of 3

XXXX

Valuation

Appraisal - 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

2189469

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2189469

2 of 4

XXXX

Credit

DSCR - Missing background check

XXXX

Missing background check per guidelines. The loan 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)
PLEASE SEE ATATCHED BACKGROUND CHECK

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
PLEASE SEE ATTACHED

Response 1 (XX/XX/XXXX XX:XXPM)
Please provide the No Hit results for XXXX. (XXXX)

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

XXXX

2189469

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. Program Parameters - Other. Per the guidelines the underwriter is required to perform a google search of the borrower and entity. The required google searches are missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PLEASE REVIEW GOOGLE SEARCH

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

XXXX

2189469

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

2196010

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2196010

2 of 3

XXXX

Credit

DSCR - Missing background check

XXXX

Per the lender's guidelines a background report including a search for liens and judgments on the entity must be completed. The loan file did not contain a background check for the entity.

Resolved

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

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

XXXX

2196010

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2196009

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2196009

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The loan file contains a lender exception to allow rural property on XXXX acres in agricultural zoning area with appraiser confirmation the subject property is primarily residential in use with no farming activity. XXXX guidelines state that rural properties are not allowed. 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 owned subject property for more than twenty-five years. XXXX credit history, and he will have greater than XXXX months’ reserves.

XXXX

2196009

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2196008

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2196008

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)
attached

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

XXXX

2196008

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2189468

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2189468

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2189468

3 of 3

XXXX

Valuation

Appraisal - 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

2189467

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2189467

2 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. All properties ownedby the borrower must be fully documented on the schedule of real estate owned(REO) section of the loan application. The borrower has multiple cash outrefinance loans in process at the same time and the properties associated withloan numbers XXXX and XXXX were not reflected on the final loanapplication.

Void

Response 1 (XX/XX/XXXX XX:XXPM)
Finding has been voided. (Void)

XXXX

2189467

3 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. The loan file is missing evidence UW performed a Google Search of the borrower, XXXX and entity, XXXX. Additional conditions may apply.

Resolved

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

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

XXXX

2189467

4 of 5

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. Whena borrower has multiple loans in process at the same, the funds to close andreserves requirements for all loans must be reviewed in aggregate. ProvideFinal HUD-XXXX from loans XXXX and XXXX for funds to close. Additionalconditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
FINAL HUD FOR THE XXXX OTHER LOANS

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

XXXX

2189467

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

2196007

1 of 4

XXXX

Compliance

Appraisal Notice - Late

XXXX

Acknowledged

XXXX

2196007

2 of 4

XXXX

Credit

DSCR - Missing background check

XXXX

Per the lender's guidelines a background report including a search for liens and judgments on the entity must be completed. The loan file is missing the background check for XXXX.

Resolved

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

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

XXXX

2196007

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

According to the lender's guidelines guarantors are required to provided a limited application, authorization for a credit report and a background report as well as identification documentation. The loan file contains identification documentation; however, none of the other required documentation was provided for the non-borrowing guarantor, XXXX.

Resolved

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

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

XXXX

2196007

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

2196006

1 of 6

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2196006

2 of 6

XXXX

Credit

DSCR - Missing Entity Documentation

XXXX

Missing required business documentation per guidelines. A google search was not performed on the borrowing Entity.

Resolved

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

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

XXXX

2196006

3 of 6

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. According to guidelines all guarantor are required to provided a limited application which includes the name, address, date of birth, Social Security number and citizenship. Additionally, an authorization for a credit report and background report are required for all guarantors. The file did not contain this documentation for non-borrowing guarantor, XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See the attached guarantor package

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
See the attached

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
Please check documents provided again.

Response 1 (XX/XX/XXXX XX:XXAM)
Still missing No Hit results for Christian. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
All documentation required has been provided. (Resolved).

XXXX

2196006

4 of 6

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Lender exception provided to allow credit XXXX which is below the minimum of XXXX. XXXX non-material based on compensating factors. (Waived)

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
XXXX non-material based on compensating factors (Waived).

Assets exceed required reserves by XXXX months, Borrower has lived in primary for XXXX+
years

XXXX

2196006

5 of 6

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing.

Resolved

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

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

XXXX

2196006

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 file dated XX/XX/XXXX supports the appraised value.

Cleared

XXXX

2189466

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2189466

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2189466

3 of 3

XXXX

Valuation

Appraisal - 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

2196005

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2196005

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. Per guidelines, the UW is to perform a Google search on both the borrower and Entity. A Google search was not in the file for either party.

Resolved

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

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

XXXX

2196005

3 of 4

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing.

Resolved

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

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

XXXX

2196005

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 in the file dated XX/XX/XXXX supports the appraised value.

Cleared

XXXX

2196004

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2196004

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. The Guaranty Agreement in file was signed by the borrower XXXX who was a XXXX% owner of the borrowing entity, XXXX, and by XXXX, a non-borrowing XXXX% owner of the borrowing entity. Lender guidelines require all guarantors to complete a limited application that includes their name, address, date of birth, social security number, and citizenship, provide authorization for a credit report and background report, with the guarantors credit score meeting the program minimum qualifying score, and identification documentation. The loan file did not contain any of the required documentation for the non-borrowing guarantor as required.

Resolved

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

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

XXXX

2196004

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2196003

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.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
pg XXXX of mortgage

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

XXXX

2196003

2 of 4

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Notary dated the document as being signed 'XX/XX/XXXX' while the borrower signed the Mortgage 'XX/XX/XXXX'.

Resolved

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

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

XXXX

2196003

3 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

According to guidelines a XXXX% LTV reduction for declining markets is required when the DSCR is greater than .XXXX but less than XXXX. In this case the DSCR is .XXXX. The subject closed with a XXXX% LTV; however, due to property markets declining the maximum LTV is XXXX%.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
email from appraisal team.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Please see email regarding appraiser adjusted for declining market. Therefore; no further adjustment should be required with regards to value or LTV.

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
exception

Response 1 (XX/XX/XXXX XX:XXPM)
Disagree. The fact that the property is in a declining market requires a XXXX% LTV reduction. The maximum allowed on this loan scenario is XXXX%. The XXXX% reduction results in a maximum of XXXX%. The subject closed at XXXX%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Per the Matrix as well as the guidelines, a XXXX% reduction is required when the appraiser defines the subject property market trend as a "declining market". Appraiser stated analysis of market data from the past XXXX months indicates property values are declining in the subject's area. The maximum allowed on this loan scenario is XXXX%. The XXXX% reduction results in a maximum of XXXX%. The subject closed at XXXX%. (XXXX)

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

Experienced Investor. XXXX year ownership of primary residence.

XXXX

2196003

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

2196002

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2196002

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2196002

3 of 3

XXXX

Valuation

Appraisal - 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

2189465

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

2189465

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2189465

3 of 3

XXXX

Valuation

Appraisal - Value is supported 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

2196001

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2196001

2 of 3

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The loan was missing current hazard insurance policy on the subject property with sufficient coverage/replacement cost and All Perils verified. Additonal conditions may apply.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
The property is a condo and reflects walls-in.

Response 1 (XX/XX/XXXX XX:XXAM)
The policy needs to reflect perils coverage which on the subject Master Policy it does reflect Perils Special Coverage covering all perils. Finding voided. (Void)

XXXX

2196001

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2196000

1 of 4

XXXX

Compliance

State Regulations

XXXX

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.

Acknowledged

XXXX

2196000

2 of 4

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing. XXXX requires Life of Loan Flood Certificates for all first liens. A copy of the flood certificate must be included in the closed loan submission package to 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

2196000

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The loan file contains a lender exception approved for OA change after application date. Borrower is XXXX% owner and named his spouse with no ownership as XXXX. Per the LOE that was an oversight error and now he is named XXXX alongside his spouse and he retains ownership. 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: XXXX score XXXX, Borrower has lived in primary residence for XXXX plus years.

XXXX

2196000

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

2195999

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195999

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2195999

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2189464

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 on the revised CD issued on XX/XX/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

2189464

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

XXXX provided to allow LTV to exceed XXXX% for Non-Arms Length transaction. 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: Residual Income exceed $XXXXk, Credit history greater than XXXX years

XXXX

2189464

3 of 3

XXXX

Valuation

Appraisal - Value 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

2195998

1 of 4

XXXX

Compliance

Note - Incomplete

XXXX

The following section(s) of the Note is incomplete: XXXX is missing the date of 'intent to be legally bound'.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Dated Exhibit B - intent to be legally bound

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

XXXX

2195998

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. DSCR - Program Parameters - Other. Guideline requirement has not been met. Per guidelines, UW is to perform a Google search on borrower and entity. The file did not contain a Google search on either.

Resolved

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

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

XXXX

2195998

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

2195998

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

2189463

1 of 6

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2189463

2 of 6

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 XXXX% and the calculated APR XXXX%, 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

2189463

3 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

2189463

4 of 6

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. XXXX, Credit Report 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

2189463

5 of 6

XXXX

Credit

Program Parameters - Other

XXXX

XXXX provided to allow Borrower with less than XXXX yrs of self employment history. Determined non-material based on compensating factors (waived).

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX non-material based on compensating factors.

Compensating Factors: DTI XXXX%, XXXX has been in same line of work for XXXX years.

XXXX

2189463

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 the appraised value.

Cleared

XXXX

2195997

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195997

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2195997

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2195996

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195996

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2195996

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% 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 is XXXX.

Cleared

XXXX

2195995

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195995

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2195995

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2195994

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195994

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2195994

3 of 3

XXXX

Valuation

Appraisal - Value 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 XXXX.

Cleared

XXXX

2195993

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195993

2 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The loan file is missing documentation for the HOA dues for property XXXX. Additional conditions may apply.

Resolved

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

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

XXXX

2195993

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The loan file contains a lender exception to allow rural property at XXXX% LTV, with two comps approximately XXXX miles and two are over but less than XXXX miles. XXXX guidelines state no rural properties. 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: Borrower has lived in the primary residence for XXXX plus years and fico score is greater than XXXX, assets exceed required reserves by XXXX months.

XXXX

2195993

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

2195992

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195992

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2195992

3 of 3

XXXX

Valuation

Appraisal - 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 supports the appraised value.

Cleared

XXXX

2195991

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195991

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2195991

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2195990

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195990

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

Guideline requirement has not been met. Per guidelines, UW is to perform a Google search on borrower and entity. The file did not contain a Google search on either.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached are the requested searches

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

XXXX

2195990

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

2195990

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

2195989

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195989

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2195989

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2195988

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195988

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2195988

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2195987

1 of 4

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

2195987

2 of 4

XXXX

Compliance

TRID - CD - Section B incorrect payee

XXXX

Acknowledged

XXXX

2195987

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2195987

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

2195986

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2195986

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2195986

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2188746

1 of 3

XXXX

Compliance

HUD1 - Missing (All)

XXXX

There is no evidence of a HUD-XXXX Settlement Statement provided in the loan file. As a result the following reviews could not be performed: XXXX, XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Funding Statement attached

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

XXXX

2188746

2 of 3

XXXX

Credit

Assets - Large Deposits/Unacceptable

XXXX

The XXXX account with account number ending in #XXXX had a large transfer in in the amount of $XXXX. A letter of explanation from the borrower/guarantor indicated the source of the transfer was from XXXX account ending in #XXXX. The investor guidelines required large deposits to be verified. For large transfers between borrower/guarantor's personal account documentation to support the source account of the transfer is required. Source account for the transfer was not provided as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Please find the attached XXXX statement ending with #XXXX (source account) for the month of April , May and June attached for your reference.

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

XXXX

2188746

3 of 3

XXXX

Valuation

Appraisal - 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

2158681

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2158681

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158681

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. CU with score of XXXX and LCA with score of XXXX were provided. Per investor guidelines, if both scores (CU and LCA) are provided then both must be <= to XXXX. Additional appraisal review product required to support value.

Resolved

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

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

XXXX

2177439

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2177439

2 of 3

XXXX

Credit

Assets - Minimum Reserves

XXXX

The lender is required to verify total funds of $XXXX which includes $XXXX in reserves. The loan file contained documentation verifying total assets of $XXXX. Borrower is short reserves by $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Hello, I received an updated bank statement (prior to note date). The account has sufficient assets for closing and reserves. Please clear the condition. Thank you.

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

XXXX

2177439

3 of 3

XXXX

Valuation

Appraisal - 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

2192282

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2192282

2 of 3

XXXX

Credit

Property - Previously Listed for Sale

XXXX

The property was listed XX/XX/XXXX and the initial application date was XX/XX/XXXX. The investor guidelines require properties listed for sale within the XXXX months of application date will require an LOE from the borrower. In addition, will require underwriter confirmation and validation that property listing has been removed from XXXX (MLS) and must be re-validated at final approval. Required documents were not provided.

Resolved

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

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Please see the attached evidence showing that the listing was removed in February. I can confirm that the listing has been removed, and has not been listed since.

Response 1 (XX/XX/XXXX XX:XXAM)
Still missing evidence that the listing was removed prior to closing. (XXXX)

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

XXXX

2192282

3 of 3

XXXX

Valuation

Appraisal - 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

2188747

1 of 5

XXXX

Compliance

Flood Insurance Required

XXXX

XXXX Required. The Flood Notice in the loan file is not signed by the borrower. The Flood Notice should have been received at least XXXX days prior to closing.

Acknowledged

XXXX

2188747

2 of 5

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Mortgage was executed by an entity, but the entity documents for XXXX and XXXX are missing. Unable to determine if signatures on mortgage are accurate.

Resolved

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

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

XXXX

2188747

3 of 5

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 does not allow a prepayment term, and the loan has a XXXX month prepayment term. The loan fails the prepayment test by XXXX months.

Acknowledged

XXXX

2188747

4 of 5

XXXX

Credit

Final Application - Missing

XXXX

The Final application is missing as required by guides.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Signed Loan Application attached

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

XXXX

2188747

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 value.

Cleared

XXXX

2188743

1 of 4

XXXX

Compliance

Flood Insurance Required

XXXX

XXXX Required. The Flood Notice in the loan file is not signed by the borrower. The Flood Notice should have been received at least XXXX days prior to closing.

Acknowledged

XXXX

2188743

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2188743

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The subject property is located in flood zone XXXX and required flood insurance. The closing disclosure reflected a POC for flood premium and was included in the reserves amount deposited with the lender. The flood insurance policy was not provided as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Flood insurance and paid receipt from XXXX.

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

XXXX

2188743

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

2188744

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2188744

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2188744

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2188745

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2188745

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2188745

3 of 3

XXXX

Valuation

Appraisal - 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

2192285

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2192285

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2192285

3 of 3

XXXX

Valuation

Appraisal - 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

2192283

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2192283

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2192283

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2188748

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2188748

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2188748

3 of 3

XXXX

Valuation

Appraisal - 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

2192284

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2192284

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The subject is a purchase money transaction and closed with a LTV of XXXX%. The investor guidelines allowed a maximum LTV of XXXX%. Subject's LTV exceeds the maximum allowed per the guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The total purchase price is $XXXX when including the assignment fee of $XXXX referenced on line XXXX of the HUD

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Updated HUD attached reflecting the $XXXX sale price

Response 1 (XX/XX/XXXX XX:XXAM)
To achieve the desired LTV, the assignment fee must be a part of the purchase price, as opposed to a settlement charge. (XXXX)

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

XXXX

2192284

3 of 3

XXXX

Valuation

Appraisal - 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

2192289

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2192289

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2192289

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 attached

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

XXXX

2192286

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 fee or 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 or penalty at all thereafter, or prohibit prepayment at any time. This loan has a XXXX year prepayment term. This restriction does not apply to loans insured or guaranteed by the federal government or by any agency of the federal government.

Acknowledged

XXXX

2192286

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. The HOI policy provided did not reflect All Perils coverage.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The attached policy covers all perils. Confirmed by the Policy Form: Dwelling Fire Three

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

XXXX

2192286

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 required CDA was not provided.

Resolved

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

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
CDA attached

Response 1 (XX/XX/XXXX XX:XXAM)
AVM does not support value within 10%. (XXXX)

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

XXXX

2192287

1 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2192287

2 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. HOI policy does not reflect All Perils coverage.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The attached policy covers all perils. Confirmed by the Policy Form: Dwelling Fire Three

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

XXXX

2192287

3 of 4

XXXX

Credit

Title Commitment - Other

XXXX

The investor guidelines required the Title Commitment to contain a XXXX month chain of title. The commitment provided did not contain the chain of title and file did not contain other documentation to support the chain of title.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX showing Borrower has been in title since XXXX

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

XXXX

2192287

4 of 4

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. CDA was not provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Report attached, Loan amount was adjusted accordingly

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
CDA attached

Response 1 (XX/XX/XXXX XX:XXAM)
AVM received does not support value within 10%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
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

2192288

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2192288

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2192288

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 required CDA was not provide.

Resolved

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

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

XXXX

2160362

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2160362

2 of 4

XXXX

Compliance

State HPML

XXXX

Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in the Code of XXXX Regulations (COMAR). The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2160362

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2160362

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

2175522

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2175522

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

The loan file is missing the Flood Insurance Policy as required per guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Uploaded flood insurance declarations.

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

XXXX

2175522

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2170896

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2170896

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2170896

3 of 3

XXXX

Valuation

Appraisal - 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

2175521

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175521

2 of 4

XXXX

Credit

Program Parameters - LTV

XXXX

Lender exception in file as the subject loan does not meet Program Parameters for LTV. The subject transaction is the purchase of a primary property with a maximum allowable LTV/CLTV of XXXX%. The subject loan was approved at XXXX% LTV/CLTV. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please see Exception

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
see exception

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is lender's exception. Need waiver granted by investor. (XXXX)

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

Compensating Factors: FICO XXXX+ points DTI XXXX% below max; PITIA reserves above min by XXXX months

XXXX

2175521

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The subject loan does not meet Program Parameters for employment history. Per the lender's guidelines the borrower must be self-employed for at least XXXX years. The borrower's business was established on XX/XX/XXXX. Note date XX/XX/XXXX. Client to approve downgrading finding based on compensating factors.

Waived

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

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
see exception

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is lender's exception. Need waiver granted by investor. (XXXX)

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

Compensating Factors: FICO XXXX+ points DTI XXXX% below max; PITIA reserves above min by XXXX months

XXXX

2175521

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

2160363

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2160363

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2160363

3 of 3

XXXX

Valuation

Appraisal - 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

2160360

1 of 3

XXXX

Compliance

TRID - CD - Closing Information/Disbursement Date

XXXX

The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in XXXX (Regulation Z) 12 CFR 1026.38(a)(3)(iii)

Acknowledged

XXXX

2160360

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2160360

3 of 3

XXXX

Valuation

Appraisal - 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

2160365

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2160365

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2160365

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2175518

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175518

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175518

3 of 3

XXXX

Valuation

Appraisal - 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

2175519

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175519

2 of 3

XXXX

Credit

Assets - Bank Statements

XXXX

The bank statement from XXXX XXXX dated XX/XX/XXXX is missing.

Resolved

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

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

XXXX

2175519

3 of 3

XXXX

Valuation

Appraisal - 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

2175525

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2175525

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175525

3 of 3

XXXX

Valuation

Appraisal - 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

2170895

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2170895

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2170895

3 of 3

XXXX

Valuation

Appraisal - 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

2184703

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2184703

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184703

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2184706

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

2184706

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184706

3 of 3

XXXX

Valuation

Appraisal - 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

2175517

1 of 3

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, Title - Wire Fee.

Acknowledged

XXXX

2175517

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175517

3 of 3

XXXX

Valuation

Appraisal - 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

2184704

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2184704

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184704

3 of 3

XXXX

Valuation

Appraisal - 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

2182206

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2182206

2 of 3

XXXX

Credit

Final Application - Missing

XXXX

The Final application is missing from the loan file as required by guidelines. The loan file has a copy of the signed initial loan application; however, a copy of the signed final loan application is missing from the loan file.

Resolved

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

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

XXXX

2182206

3 of 3

XXXX

Valuation

Appraisal - Value 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

2184705

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2184705

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184705

3 of 3

XXXX

Valuation

Appraisal - 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

2179013

1 of 1

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i)). A valid change of circumstance was not provided in the loan file; therefore, the increase to the following fee was not accepted: Transfer Taxes on the revised CD issued on 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 consumers, 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

2179014

1 of 1

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 fee was not accepted: Credit Report 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

2179020

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2179018

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2179003

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2179027

1 of 1

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 increased on revised 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

2179021

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2179009

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2179012

1 of 1

XXXX

Compliance

TRID - Zero Tolerance Violation (Revised Disclosure Late)

XXXX

This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i)). Because the change occurred on XX/XX/XXXX and the consumers were not provided the disclosure within XXXX days of the change, the increase to the following fee was not accepted as valid: Appraisal on the revised CD issued on 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 consumers, 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

2179022

1 of 1

XXXX

Compliance

State & Local Predatory Lending

XXXX

This loan failed the total indebtedness test due to one of the following finding: (XXXX Constitution, Article 16, Section 50 (a)(6)(B), as amended XXXX). The loan is of a principal amount that when added to the total of all outstanding principal balances secured by valid liens against the homestead exceeds XXXX% of the fair market value of the homestead on the date the extension of credit is made.

Void

Response 1 (XX/XX/XXXX XX:XXAM)
finding voided due to loan being a rate and term and not a XXXX A-XXXX.

XXXX

2179030

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2179023

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2179007

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2179004

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183724

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183729

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183730

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2179015

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183725

1 of 2

XXXX

Compliance

TRID - 10% Tolerance Violation (No Valid COC)

XXXX

This loan failed the charges that in total cannot increase more than XXXX% test. (12 CFR §1026.19(e)(3)(ii)). A valid change of circumstance was not provided in the loan file; therefore, the additions of the following fees were not accepted: The XXXX fees on the revised CD issued on 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 consumers, 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

2183725

2 of 2

XXXX

Compliance

TRID - CD/Lender Credits that Cannot Decrease (Revised Disclosure Late)

XXXX

This loan failed the lender credits that cannot decrease test. (12 CFR §1026.19(e)(3)(i)). Because the change occurred on XX/XX/XXXX and the consumers were not provided the disclosure within XXXX days of the change, the decrease to lender credits was not accepted as valid on the revised CD issued on 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 consumers, 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

2183734

1 of 2

XXXX

Compliance

State Disclosure - Texas Fair Market Value of Homestead Property Acknowledgement/Missing

XXXX

The Fair Market Value of Homestead Property Acknowledgement (Affidavit of Fair Market Value) is Missing. Required to be provided in connection with a XXXX. XXXX Constitution - Home Equity Loan Provisions XXXX. Const. art. XVI, 50(a)(6)(Q)(ix); (XXXX)(h)

Void

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
see XXXX Notice Concerning Extensions of Credit doc

Response 1 (XX/XX/XXXX XX:XXAM)
Notice Concerning Extensions of Credit has been provided, however it is the Fair Market Value of Homestead Property Acknowledgement that is missing. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
finding voided.

XXXX

2183734

2 of 2

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). The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2183739

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183731

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183735

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183736

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183721

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183732

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2179024

1 of 1

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

2179028

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183737

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183733

1 of 1

XXXX

Compliance

TRID - CD - Loan Disclosures/Escrow Account

XXXX

The Escrow Account Disclosure on the PCCD issued on XX/XX/XXXX is incomplete due to the following: It was not disclosed if the borrower declined or if the lender does not offer an escrow account. Truth in XXXX (Regulation Z) 12 CFR 1026.38(l)(7). The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2183717

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183740

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183742

1 of 5

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:Added Abstract or Title Search Fee, increased Lenders Title Insurance, added Recording Service Fee, added Title Endorsement Fee, increased Settlement Fee, increased Recording 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. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2183742

2 of 5

XXXX

Compliance

TRID - CD - Closing Information/Settlement Agent info

XXXX

The PCCD 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

2183742

3 of 5

XXXX

Compliance

TRID - CD - Loan Disclosures/Escrow Account

XXXX

The Escrow Account Disclosure on the PCCD issued on XX/XX/XXXX is inaccurate due to the following: It was not disclosed if the Borrower declined it or if the Lender does not offer an escrow account. Truth in XXXX (Regulation Z) 12 CFR 1026.38(l)(7). The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2183742

4 of 5

XXXX

Compliance

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

XXXX

Resolved

XXXX

2183742

5 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 increases: 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. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2179025

1 of 3

XXXX

Compliance

TRID - CD - Lender NMLS Missing or Inaccurate

XXXX

The XXXX disclosed on the PCCD issued on XX/XX/XXXX does not match the XXXX on the Note. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2179025

2 of 3

XXXX

Compliance

TRID - CD - Transaction Information/Lender Info

XXXX

The PCCD issued on XX/XX/XXXX date not reflect the correct Lender name on page XXXX. Truth in XXXX (Regulation Z) 12 CFR 1026.38(a)(4)(iii).

Acknowledged

XXXX

2179025

3 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 fee was not accepted: XXXX (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

2183726

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183722

1 of 5

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

XXXX

2183722

2 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: Chain of Title $XXXX, CPL Fee $XXXX, eRecording Service Fee $XXXX, XXXX DFI Policy Fee $XXXX, Lender's Title Policy $XXXX, Settlement Fee $XXXX, Title Courier Fee $XXXX, XXXX Fee $XXXX, Endorsement Fee $XXXX, XXXX 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. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2183722

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. 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

2183722

4 of 5

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

2183722

5 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, 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: XXXX Fee $XXXX, Appraisal Fee $XXXX, Credit Report $XXXX, XXXX $XXXX, and Tax Service 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. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2183718

1 of 2

XXXX

Compliance

TRID - 10% Tolerance Violation (No Valid COC)

XXXX

This loan failed the charges that in total cannot increase more than XXXX% test. (12 CFR §1026.19(e)(3)(ii)). A valid change of circumstance was not provided in the loan file; therefore, the increase to the following fee was not accepted: Recording fee on the revised CD issued on 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 consumers, 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

2183718

2 of 2

XXXX

Compliance

TRID - Zero Tolerance Violation (Revised Disclosure Late)

XXXX

This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i)). Because the change occurred on XX/XX/XXXX and the consumers were not provided the disclosure within XXXX days of the change, the increase to the following fee was not accepted as valid: Loan Discount Points on the revised CD issued on 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 consumers, 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

2179029

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183728

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183723

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183738

1 of 1

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. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2179026

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2179017

1 of 2

XXXX

Compliance

TRID - 10% Tolerance Violation (No Valid COC)

XXXX

This loan failed the charges that in total cannot increase more than XXXX% test. (12 CFR §1026.19(e)(3)(ii)). A valid change of circumstance was not provided in the loan file; therefore, the increase to the following fee was not accepted: Recording on the revised CD issued on 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, 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

2179017

2 of 2

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i)). A valid change of circumstance was not provided in the loan file; therefore, the increase to the following fee was not accepted: Document Preparation on the revised CD issued on 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, 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

2179019

1 of 1

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: XXXX, Flood cert, XXXX interest, Settlement fee, Tax service fee. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: 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

2175286

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175286

2 of 3

XXXX

Credit

AUS (LP/DU) - Missing

XXXX

The LP/DU AUS is missing from the loan file. The borrower owns XXXX REO financed properties plus the subject investment purchase. As a result, AUS approval may not be issued. ***additional conditions may apply ***

Waived

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

Response 1 (XX/XX/XXXX XX:XXPM)
The loan is conforming and the purchase is ineligible. No other guidelines were provided. (XXXX)

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

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed. Loan was a manual underwrite. Noted compensating factors: XXXX% DTI, $XXXX verified reserves, XXXX years self-employed, primary residence owned XXXX years, 0x30x63 mortgage history

XXXX. XXXX% DTI. XXXX months of reserves.

XXXX

2175286

3 of 3

XXXX

Valuation

Appraisal - 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

2175246

1 of 5

XXXX

Compliance

ARM Index Rate Missing/Invalid

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)
The Note states the following:: • The index name: “The ‘Index’ is… the XXXX day Average SOFR index.” • The source: “Published by the XXXX.” • The methodology for determining the applicable index value: “Most recent index value available as of the date XXXX days before each Change Date (‘Current Index’).” • Fallback language should the Index no longer be available is stated in Section 4G of the Note: “If the Index is no longer available, it will be replaced…”

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
The SOFR rate index on XX/XX/XXXX was XXXX per https://www.newyorkfed.org/markets/reference-rates/sofr-averages-and-index. See the attached.

XXXX

2175246

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 Fee and Verification of Employment 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

2175246

3 of 5

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: 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

2175246

4 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175246

5 of 5

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. CU score XXXX. The loan file did not contain a CDA. AVM provided supports the appraised value within 10%. (Resolved)

Resolved

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

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

XXXX

2175247

1 of 3

XXXX

Compliance

ARM Index Rate Missing/Invalid

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)
The Note states the following:: • The index name: “The ‘Index’ is… the XXXX day Average SOFR index.” • The source: “Published by the XXXX.” • The methodology for determining the applicable index value: “Most recent index value available as of the date XXXX days before each Change Date (‘Current Index’).” • Fallback language should the Index no longer be available is stated in Section 4G of the Note: “If the Index is no longer available, it will be replaced…”

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Rate Lock Agreement added for additional support

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
XXXX days avg SOFR https://www.newyorkfed.org/markets/reference-rates/sofr XX/XX/XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
The information provided is not sufficient to clear the finding. The issue is not the type of index used. We need to know the actual index rate the lender used that was within the XXXX-day lookback period in order to determine if TILA Finance Charge, APR, and Total of Payments were sufficiently disclosed. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The documentation provided is not sufficient to clear the finding. The Rate Lock provided dated XX/XX/XXXX disclose the terms of the loan as a Fixed rate with N/A as the Index. Please provide Index used within a XXXX-day lookback period for accurate testing. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2175247

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175247

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 a CU Score of XXXX. AVM provided supports the appraised value within 10%. (Resolved)

Resolved

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

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

XXXX

2183708

1 of 3

XXXX

Compliance

TRID - CD - Post-consummation CD reimbursement date

XXXX

This loan failed the reimbursement date test. (12 CFR 1026.19(f)(2)(v)) The reimbursement date (XX/XX/XXXX) is more than XXXX calendar days after the consummation date (XX/XX/XXXX). The loan file contains a LOE indicating the cure for the transfer taxes was applied on a revised PCCD issued XX/XX/XXXX, however that PCCD was not included in the loan file. The cure is included on PCCD XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
see PCCD, letter and copy of reimbursement check for XX/XX/XXXX

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

XXXX

2183708

2 of 3

XXXX

Compliance

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

XXXX

Resolved

XXXX

2183708

3 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: Transfer Taxes. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: A LOE was provided in the loan file dated XX/XX/XXXX; however the PCCD, copy of the refund and proof of mailing was not provided. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2175249

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175249

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. Currently short for cash to close and reserves in the amount of $XXXX.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
File has documented Earnest Money of $XXXX.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Uploaded XXXX exchange from sale of home.

Response 1 (XX/XX/XXXX XX:XXPM)
The cleared EMD was included in the review. The shortage remains. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
XXXX exchange was previously included in assets. (XXXX)

Response 3 (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, XXXX qualifying credit score, $XXXX residual income, job stability XXXX years, Experienced Investor, XXXX% LTV

XXXX. XXXX% DTI. XXXX% LTV.

XXXX

2175249

3 of 3

XXXX

Valuation

Appraisal - 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

2178999

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175250

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: Points $XXXX, Admin $XXXX, Attorney $XXXX, CPL $XXXX, Document preparation $XXXX, EDoc $XXXX, Erecord $XXXX and Prepaid Interest $XXXX. The index used for testing is 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

2175250

2 of 4

XXXX

Compliance

TRID - CD - Total of Payments (TOP) Non-Rescindable

XXXX

Non-Rescindable. The loan failed the TRID Total of Payments tolerance test. Per Regulation Z, 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.19 , 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. A cost to cure in the amount of $XXXX is required. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2175250

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175250

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 original appraised value.

Cleared

XXXX

2179000

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175251

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: Closing Protection $XXXX, Origination $XXXX, Prepaid Interest $XXXX, Processing $XXXX, Settlement $XXXX and Underwriting $XXXX. The index used for testing is 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

2175251

2 of 4

XXXX

Compliance

TRID - CD - Total of Payments (TOP) Non-Rescindable

XXXX

Non-Rescindable. The loan failed the TRID Total of Payments tolerance test. Per Regulation Z, 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. A cost to cure in the amount of $XXXX is required. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2175251

3 of 4

XXXX

Credit

Verification Documentation - VVOE Salaried/Missing

XXXX

A VVOE is missing from the loan file. The loan file is missing a VVOE for both the borrower and co-borrower. It should be noted that the Borrower works for the XXXX, and the most recent LES Statement is dated XX/XX/XXXX, with the subject loan Note date of XX/XX/XXXX; therefore, the LES Statement is not current to be substituted to meet the XXXX day VVOE requirement.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Note date XX/XX/XXXX; see Drive Risk Evaluation Report documented dated XX/XX/XXXX. Falls within XXXX days.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
W2 income not used to qualify. UW used XXXXR & SS income. Attached income verification.

Response 1 (XX/XX/XXXX XX:XXPM)
DRIVE Report is not an acceptable VVOE. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Disagree. The borrower, XXXX, is employed with the XXXX. XXXX is not XXXX. The co-borrower, XXXX, also earns wages with XXXX. (XXXX)

Response 3 (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, $XXXX residual income, job stability XXXX years

XXXX. $XXXX per month residual income. XXXX months of reserves.

XXXX

2175251

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

2183705

1 of 1

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175252

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175252

2 of 3

XXXX

Credit

MI - Missing Documentation

XXXX

The file contains no evidence that the proper amount of mortgage insurance was obtained. Per the AUS in the loan file the loan requires standard XXXX% XXXX coverage.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX required by initial AUS, no final AUS in file, XXXX% LTV, no XXXX certificate in file.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Loan is a Preferred XXXX/XXXX ARM. XXXX did not require XXXX. Loan underwritten to XXXX-Agency Underwriting Guidelines. Uploaded guidelines.

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

Response 2 (XX/XX/XXXX XX:XXAM)
The XXXX%/XXXX% LTV/CLTV exceeds the maximum XXXX%/XXXX% LTV/CLTV guideline requirements. (XXXX)

Response 3 (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: Job stability XXXX years, XXXX qualifying credit score with perfect credit history, $XXXX residual income

XXXX. $XXXX per month residual income. XXXX years job stability.

XXXX

2175252

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:XXAM)
AVM provided.

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

XXXX

2175253

1 of 3

XXXX

Compliance

ARM Index Rate Missing/Invalid

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:XXPM)
The Note states the following:: • The index name: “The ‘Index’ is… the XXXX day Average SOFR index.” • The source: “Published by the XXXX.” • The methodology for determining the applicable index value: “Most recent index value available as of the date XXXX days before each Change Date (‘Current Index’).” • Fallback language should the Index no longer be available is stated in Section 4G of the Note: “If the Index is no longer available, it will be replaced…”

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
See the attached Rate Lock w SOFR index

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
SOFR XXXX day average Secured Overnight Financing Rate Data - FEDERAL RESERVE BANK of XXXX XX/XX/XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
The information provided is not sufficient to clear the finding. The issue is not the type of index used. We need to know the actual index rate the lender used that was within the XXXX-day lookback period in order to determine if TILA Finance Charge, APR, and Total of Payments were sufficiently disclosed. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The information provided is not sufficient to clear the finding. The Index provided XXXX% is not available within the XXXX-day lookback period from closing date of XX/XX/XXXX-XX/XX/XXXX. Please provide Index used with XXXX- day lookback period for accurate testing. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The XXXX day lookback period is from XX/XX/XXXX to XX/XX/XXXX; the Index provided are form XX/XX/XXXX, XX/XX/XXXX, and XX/XX/XXXX, they are not within the XXXX day lookback period as required. (XXXX)

Response 4 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX (XX/XX/XXXX XX:XXPM)
please see SOFR XXXX day average from XX/XX/XXXX

Buyer Comment 2 (XX/XX/XXXX XX:XXPM)
see SOFR from XX/XX/XXXX

XXXX

2175253

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175253

3 of 3

XXXX

Valuation

Appraisal - Value 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

2175254

1 of 4

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)
Including evidence of the disclosure audit report that lists the borrowers received their disclosure.

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

XXXX

2175254

2 of 4

XXXX

Compliance

ARM Index Rate Missing/Invalid

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

XXXX

2175254

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175254

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

2175255

1 of 4

XXXX

Compliance

HMDA - Government Monitoring

XXXX

The Government Monitoring Section on the application was not completed for the co-borrower. Home Mortgage Disclosure Act (Regulation C) 12 CFR 1003.4(b) Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX.

Acknowledged

XXXX

2175255

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 XX/XX/XXXX and consummation date was 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

2175255

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175255

4 of 4

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 CU score is XXXX. AVM provided supports the appraised value within 10%. (Resolved)

Resolved

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

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

XXXX

2175256

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175256

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175256

3 of 3

XXXX

Valuation

Appraisal - 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

2175257

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175257

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175257

3 of 3

XXXX

Valuation

Appraisal - 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

2175258

1 of 7

XXXX

Compliance

ARM Index Rate Missing/Invalid

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

XXXX

2175258

2 of 7

XXXX

Credit

Appraisal - Other

XXXX

There are additional appraisal findings. The subject appraisal includes pages which are illegible.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The loan was purchased and the requested document (appraisal for the subject) was not provided

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
XXXX with Rent Schedule & is legible.

Response 1 (XX/XX/XXXX XX:XXPM)
Please provide the requested documentation. (XXXX)

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

XXXX

2175258

3 of 7

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 loan application reflects proceeds from a secured loan in the amount of $XXXXk used for closing. The loan file is missing documentation evidencing the funds were secured by the borrower's real property and receipt of the disbursed HELOC proceeds. Borrower's are subsequently short funds to close by $XXXX

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The file did not contain receipt of secured loan proceeds as documented funds to close.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
No documentation of secured loan proceeds.

Response 1 (XX/XX/XXXX XX:XXPM)
Please provide the requested documentation. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Unable to clear. (XXXX)

Response 3 (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, $XXXX XXXX. residual income, 0x30x113 mortgage history, job stability XXXX years

XXXX. $XXXX per month residual income. Job stability.

XXXX

2175258

4 of 7

XXXX

Credit

Borrower - Residency Alien Documentation

XXXX

The borrower and co-borrower indicates Resident Alien status, however, the file contains no evidence documenting status as legally.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The loan was purchased and the requested documents (Green Card/I-XXXX form) was not provided

Response 1 (XX/XX/XXXX XX:XXPM)
Please provide the requested documentation. (XXXX)

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

XXXX. $XXXX per month residual income. Job stability.

XXXX

2175258

5 of 7

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 file is missing documentation showing the Educational Systems XXXX mortgage payment on XXXX, includes taxes/insurance. The file is also missing the evidence of the terms of payment for the newly established HELOC for $XXXXk.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Rent schedule is legible. Departure property was noted as pending sale, but no CD in file to support funds to close. Monthly payment $XXXX, rent schedule does offset the payment, UW did not include this payment in the DTI. The auto loan does not need to be included in DTI & is documented. Transmittal summary shows verified assets of $XXXX, however CD shows funds needed to close of $XXXX. Documentation of proceeds of loan from departure property is not documented. Verified assets do not cover funds needed to close. No terms of new loan/taxes/insurance documented.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
No documentation of debts verified & no terms on newly established HELOC are available.

Response 1 (XX/XX/XXXX XX:XXPM)
Please provide required documentation to clear. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Unable to clear. (XXXX)

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

XXXX. $XXXX per month residual income. Job stability.

XXXX

2175258

6 of 7

XXXX

Credit

Income - Rental Property Income

XXXX

The documentation supporting income from other real estate owned is not adequately supported to meet underwriting guidelines. Rental income of $XXXX from XXXX XXXX was needed to qualify. The loan file included a rent schedule; however, it was not legible.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Rent schedule was found to be legible & offsets the mortgage payment of $XXXX.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Appraisal with Rent Schedule uploaded. It is legible & offsets the payment.

Response 1 (XX/XX/XXXX XX:XXPM)
Please provide the legible rent schedule. (XXXX)

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

XXXX

2175258

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

2175262

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175262

2 of 4

XXXX

Credit

AUS - Risk Assessment

XXXX

The AUS Risk Assessment is not acceptable. LP Feedback Certificate indicates Caution/Eligible.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Prime XXXX, PMI not required, manual underwrite per XXXX Prime Jumbo Guidelines. File also contains XXXX waiver. AUS was Caution/Eligible, but manual underwrite.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Loan is a Preferred XXXX/XXXX ARM. Underwritten to OAB Non-Agency Underwriting Guidelines. Guidelines uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
This cannot be cleared until the XXXX issue is resolved. (XXXX)

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

XXXX

2175262

3 of 4

XXXX

Credit

MI - Missing Documentation

XXXX

The file contains no evidence that the proper amount of mortgage insurance was obtained. LP requires XXXX% Standard XXXX coverage. The file does not include evidence of coverage and a monthly premium was not included in the DTI.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
File contained XXXX waiver document

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
No XXXX included. Loan is a Preferred XXXX/XXXX ARM. Underwritten to XXXX-Agency Underwriting Guidelines. Guidelines uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
The loan is not jumbo and there are no product overlays. The referenced form is only a disclosure. It appears that XXXX is required. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The XXXX%/XXXX% LTV/CLTV exceeded the XXXX%/XXXX% LTV/CLTV allowed by the guidelines provided. (XXXX)

Response 3 (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, $XXXX residual income, $XXXX reserves, self-employed XXXX years

XXXX. XXXX months of reserves.

XXXX

2175262

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

2175264

1 of 7

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)

Upheld

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The borrower signed the Acknowledgement of Receipt of Disclosures, which include the ARM Disclosure. Unable to locate the ARM Disclosure at this time.

Response 1 (XX/XX/XXXX XX:XXPM)
The information provided is not sufficient to clear the finding. The Acknowledgment Disclosure stating an ARM disclosure may apply to your loan is not sufficient for the actual ARM disclosure. Please provide the ARM disclosure for review. (XXXX)

XXXX

2175264

2 of 7

XXXX

Compliance

ARM Index Rate Missing/Invalid

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

XXXX

2175264

3 of 7

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

2175264

4 of 7

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. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2175264

5 of 7

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. XXXX XXXX, Part XXXX.

Resolved

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

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

XXXX

2175264

6 of 7

XXXX

Credit

Borrower - Residency Alien Documentation

XXXX

The loan application indicates borrower and coborrower are permanent resident aliens; however, no documentation was provided to confirm legal status.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The loan was purchased and the requested documents (Green Card/I-XXXX form) was not provided

Response 1 (XX/XX/XXXX XX:XXPM)
Please provide the requested documentation. (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: XXXX% DTI, XXXX qualifying credit score, $XXXX XXXX. residual income, job stability XXXX years,

XXXX. XXXX% DTI. XXXX months of reserves.

XXXX

2175264

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

2175265

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175265

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175265

3 of 3

XXXX

Valuation

Appraisal - 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

2175266

1 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: Abstract / Title Search Fee $XXXX, Funding, Wire, orDisbursement Fee $XXXX, Lender's Title Insurance Policy $XXXX, XXXX Fee $XXXX, Settlement or Closing Fee $XXXX, Title Endorsement 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. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2175266

2 of 8

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: 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 loanreviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2175266

3 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

2175266

4 of 8

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 monthsold, outside the applicable statute of limitations.

Resolved

XXXX

2175266

5 of 8

XXXX

Compliance

TRID - LE/Revised LE Delivery Date (prior to consummation)

XXXX

The loan failed the Revised Loan Estimate 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

2175266

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: AdministrationFee $XXXX, XXXX $XXXX, XXXX Fee $XXXX, Credit Report Fee $XXXX, Flood Certification - Single Charge or Life of Loan $XXXX, Tax Service $XXXX, Verification Of Employment Fee $XXXX, Transfer Taxes $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. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2175266

7 of 8

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175266

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

2175267

1 of 3

XXXX

Compliance

Compliance Finding - Missing Business Purpose Documentation

XXXX

There are additional XXXX. Missing the following Business purpose documentation: The loan is a cash out refinance of a business purpose loan, and a cash out letter explaining the use of the funds was not provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
LOX for cash out is attached.

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

XXXX

2175267

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175267

3 of 3

XXXX

Valuation

Appraisal - 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

2175268

1 of 4

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)

Upheld

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Uploading ARM document with Docusign information

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The Rate Lock disclosure cannot be used in lieu of the ARM disclosure. The tracker provided indicates an ARM disclosure was provided to the borrower. Please provide the ARM disclosure for review. (XXXX)

XXXX

2175268

2 of 4

XXXX

Compliance

ARM Index Rate Missing/Invalid

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)
The Note states the following:: • The index name: “The ‘Index’ is… the XXXX day Average SOFR index.” • The source: “Published by the XXXX.” • The methodology for determining the applicable index value: “Most recent index value available as of the date XXXX days before each Change Date (‘Current Index’).” • Fallback language should the Index no longer be available is stated in Section 4G of the Note: “If the Index is no longer available, it will be replaced…”

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Please see page XXXX of XXXX of the attached. This was included in the initial document submission.

XXXX

2175268

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175268

4 of 4

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. CU score is XXXX. AVM provided supports the appraised value within 10%. (Resolved)

Resolved

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

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

XXXX

2175269

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175269

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175269

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% 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

2175270

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175270

2 of 3

XXXX

Credit

FEMA

XXXX

XXXX completed reflecting a declared disaster after appraisal date. FEMA Declaration declared XX/XX/XXXX for XXXX XXXX [DR-XXXX-XXXX] with an incident period of XX/XX/XXXX to XX/XX/XXXX, which is after the original appraisal date XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX - In viewing the loan notations there are no notifications showing from the customer regarding property damage.

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

XXXX (XX/XX/XXXX XX:XXPM)
Disaster Inspection Uploaded

XXXX

2175270

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 a LCA Risk Score of XXXX. AVM provided supports the appraised value within 10%. (Resolved)

Resolved

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

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

XXXX (XX/XX/XXXX XX:XXAM)
Disaster Inspection Uploaded

XXXX

2175272

1 of 6

XXXX

Compliance

ARM Index Rate Missing/Invalid

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)
The Note states the following:: • The index name: “The ‘Index’ is… the XXXX day Average SOFR index.” • The source: “Published by the XXXX.” • The methodology for determining the applicable index value: “Most recent index value available as of the date XXXX days before each Change Date (‘Current Index’).” • Fallback language should the Index no longer be available is stated in Section 4G of the Note: “If the Index is no longer available, it will be replaced…”

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Please see pages XXXX & XXXX for the rate information

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
Index rate: https://www.newyorkfed.org/markets/reference-rates/sofr

Response 1 (XX/XX/XXXX XX:XXPM)
The information provided is not sufficient to clear the finding. The issue is not the type of index used. We need to know the actual index rate the lender used that was within the XXXX-day lookback period in order to determine if TILA Finance Charge, APR, and Total of Payments were sufficiently disclosed. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The information provided is not sufficient to clear the finding. The Index provided XXXX% is not available within the XXXX-day lookback period from closing date of XX/XX/XXXX-XX/XX/XXXX. Please provide Index used with XXXX- day lookback period for accurate testing. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2175272

2 of 6

XXXX

Compliance

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

XXXX

Additional Finding: XX/XX/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, XXXX, which is less than the system calculated Finance Charge of $XXXX, XXXX. The Finance Charge on the final CD is understated by $XXXX, XXXX which is more than the allowable tolerance of $XXXX. The index used for testing is 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

2175272

3 of 6

XXXX

Compliance

TRID - CD - Revised CD Delivery Date (Waiting Period, APR)

XXXX

Additional Finding: XX/XX/XXXX. XXXX Disclosure Waiting Period Required: An APR outside of allowable tolerance required a corrected Closing Disclosure and the corrected Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2175272

4 of 6

XXXX

Compliance

TRID - CD - Total of Payments (TOP) Non-Rescindable

XXXX

Additional Documents: XX/XX/XXXX. Non-Rescindable. The loan failed the TRID Total of Payments tolerance test. Per Regulation Z, 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, XXXX, which is less than the system calculated Total of Payments of $XXXX, XXXX . The Total of Payments on the final CD is understated by $XXXX, XXXX which is more than the allowable tolerance of $XXXX. A cost to cure in the amount of $XXXX, XXXX is required. The loan reviewed contains a note dated more than XXXX months old, outside the applicable statute of limitations.

Resolved

XXXX

2175272

5 of 6

XXXX

Credit

FEMA

XXXX

XXXX completed reflecting a declared disaster after appraisal date. XXXX declared XX/XX/XXXX for XXXX Severe Storms, Straight Line Winds, and Tornadoes [DR-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. XXXX declared XX/XX/XXXX for XXXX Severe Storms, Straight Line Winds, and Tornadoes [DR-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. XXXX declared XX/XX/XXXX for XXXX Severe Storms, Straight Line Winds, and Tornadoes [DR-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)
XXXX - In viewing the loan notations there are no notifications showing from the customer regarding property damage.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Documentation uploaded.

Response 1 (XX/XX/XXXX XX:XXPM)
When disasters occur after the appraisal, a PDI is required. (XXXX)

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

XXXX

2175272

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.

Resolved

Response 1 (XX/XX/XXXX XX:XXPM)
No valuation defect. (Resolved)

XXXX (XX/XX/XXXX XX:XXPM)
Disaster Inspection Uploaded

Buyer Comment 2 (XX/XX/XXXX XX:XXPM)
Disaster Insp Uploaded

XXXX

2175273

1 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2175273

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/addition to the following fees was not accepted: Appraisal reinspection 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

2175273

3 of 4

XXXX

Credit

AUS - Invalid

XXXX

The AUS is invalid due to either missing conditions or certain items that are outside of allowable tolerances. The AUS in the loan file was ran utilizing the purchase price of $XXXX as the estimated value and not the actual appraised value of $XXXX. Utilizing the appraised value results in an LTV of XXXX%. Additional conditions could apply upon rerunning the AUS.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Used XXXX Jumbo Guidelines for manual underwrite. Guidelines required XXXX appraisals. Received appraisal for $XXXX & $ XXXX. Loan was run through AUS with purchase price, however both purchase price & appraisal value fall at or under XXXX% LTV.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Uploaded XXXX Agency Guidelines

Response 1 (XX/XX/XXXX XX:XXPM)
Please provide the guidelines. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The lower appraisal, which was conducted first, was $XXXX. The LTV is excessive at XXXX%. (XXXX)

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

XXXX (XX/XX/XXXX XX:XXPM)
Loan was approved/ineligible and manually underwritten. Client reviewed and elects to waive. Noted compensating factors: $XXXX XXXX. residual income, XXXX qualifying credit score, $XXXX verified reserves, self-employed XXXX years, 0x30x110 mortgage history

XXXX. XXXX% DTI. XXXX months of reserves.

XXXX

2175273

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 second appraisal, which supports the original appraised value.

Cleared

XXXX

2159552

1 of 8

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)

Upheld

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
This loan closed with a fixed rate mortgage.

Response 1 (XX/XX/XXXX XX:XXPM)
Documents not received. Please resubmit. (XXXX)

XXXX

2159552

2 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:XXPM)
What documentation do you require for this item?

Response 1 (XX/XX/XXXX XX:XXPM)
Please provide the Index used within the XXXX-day lookbackperiod from consummation for testing. (XXXX)

XXXX

2159552

3 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

2159552

4 of 8

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

2159552

5 of 8

XXXX

Compliance

TRID - Initial LE/Delivery Date (from application)

XXXX

There is no evidence of a loan application date provided in the loan file. Unable to determine if the initial LE issued on XX/XX/XXXX was disclosed within XXXX business days of the application date. 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

2159552

6 of 8

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing from the loan file.

Resolved

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

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

XXXX

2159552

7 of 8

XXXX

Credit

Income - Tax Return Documentation Incomplete

XXXX

Per Lender's guides, XXXX years of business tax returns including all K-1s are required to be provided. The loan file obtains the borrower's XXXX XXXXS; however, XXXX XXXXS is not contained in the loan file as required.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
My assumption is that you are looking for the XXXX XXXXS for XXXX, but note from the attached that this entity reported under Form XXXX in that year.

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX income of $XXXX for the XXXX tax year supports a XXXX month average income of $XXXX for both borrowers, which would result in a XXXX% DTI. (XXXX)

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

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: Agreed upon pay history for life of loan, current LTV is XXXX%, $XXXX residual income, $XXXX reserves

XXXX

2159552

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

2184548

1 of 5

XXXX

Compliance

Security Instrument - Missing

XXXX

The Security Instrument (Mortgage/Deed of Trust) and any applicable riders are 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

2184548

2 of 5

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)
Loan was originated as business purpose exempt.

Response 1 (XX/XX/XXXX XX:XXPM)
Loan was originated as business purpose exempt. TRID exception cleared. (Resolved)

XXXX

2184548

3 of 5

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)
Loan was originated as Business purpose exempt.

Response 1 (XX/XX/XXXX XX:XXPM)
Loan was originated as business purpose exempt. TRID findings cleared. (Resolved)

XXXX

2184548

4 of 5

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. The Lender's guidelines also require a Guaranty Agreement. Despite this requirement, the loan file is missing the Guaranty agreement.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached to clear XXXX-XXXX-XXXX

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
See attached to clear

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
See attached to clear XXXX-XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX does not address defect. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Still missing COGS. (XXXX)

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

XXXX

2184548

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 value.

Cleared

XXXX

2182101

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2182101

2 of 3

XXXX

Credit

Appraisal - Appraisal Missing

XXXX

The loan file is missing the original appraisal. Additional conditions may apply.

Resolved

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

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

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
See attached to clear

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

Response 2 (XX/XX/XXXX XX:XXAM)
XXXX not received. (XXXX)

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

XXXX

2182101

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2184549

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.

Acknowledged

XXXX

2184549

2 of 4

XXXX

Compliance

TRID - Zero Tolerance Violation (No COC - Date Undeterminable)

XXXX

The loan failed the charges that cannot increase test. Although the addition/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)
Please see attached XXXX-XXXX-XXXX

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

XXXX

2184549

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 closed in an LLC; however the loan file did not contain an executed guaranty as required per the guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached XXXX-XXXX-XXXX

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

XXXX

2184549

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

2182102

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 Lender Credit decrease. 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)
CIC ATTACHED

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

XXXX

2182102

2 of 5

XXXX

Compliance

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

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See attached to clear

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

XXXX

2182102

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 additions/increases: Mortgage Broker Fee 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.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
ICD ATTACHED

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
see attached to clear XXXX-XXXX-XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The Initial CD has been provided and updated testing still results in a XXXX% tolerance finding. Please provided a valid COC for the increase to the Mortgage Broker fee and XXXX taxes. A cost to cure in the amount of $XXXX. XXXX remains. (XXXX)

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

XXXX

2182102

4 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182102

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 value.

Cleared

XXXX

2182103

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2182103

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182103

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2185090

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2185090

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2185090

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2127056

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2127056

2 of 3

XXXX

Credit

Income - Rental Property/Missing Lease

XXXX

The rental income was not properly documented. The loan application reflects the departure residence isbeing retained and converted to an investment property. Per the lender’s guidelines rental income may be considered on the property being converted, provided the following documentation is obtained: A copy of the current lease or rental agreement and one of the below: Form XXXX supporting the income reflected on the lease, or documentation supporting XXXX months of receipt of rental income or XXXX month’s rental income and security deposit from the tenant with evidence of deposit into borrower’s bank account. The loan file only contained the XXXX which reflected the market rent was $XXXX (XXXX reflected rental income of $XXXX). A lease agreement was not in the loan file. Omitting the rental income results in a DTI of XXXX% which exceeds the maximum allowable DTI of XXXX%.

Resolved

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

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

XXXX

2127056

3 of 3

XXXX

Valuation

Appraisal - 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

2127944

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2127944

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2127944

3 of 3

XXXX

Valuation

Appraisal - Value 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

2129580

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2129580

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2129580

3 of 3

XXXX

Valuation

Appraisal - Value is supported 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

2129573

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)
AOL

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

XXXX

2129573

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2129573

3 of 3

XXXX

Valuation

Appraisal - 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

2187250

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187250

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187250

3 of 3

XXXX

Valuation

Appraisal - 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

2133455

1 of 5

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2133455

2 of 5

XXXX

Compliance

State HPML

XXXX

his 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.

Acknowledged

XXXX

2133455

3 of 5

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Collateral desktop analysis. The loan fails the prohibited fees test by $XXXX. The loan charged more than one appraisal fee. (XXXX Fin. Code §XXXX)

Acknowledged

XXXX

2133455

4 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2133455

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

2163440

1 of 3

XXXX

Compliance

ROR - Timing

XXXX

The funding date, XX/XX/XXXX is before the third business day following consummation, XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
actual funding date XXXX/XXXX per final CD

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
pccd, lox, mail

Response 1 (XX/XX/XXXX XX:XXAM)
The documents provided are not sufficient to clear the finding. The CD provided was issued on XX/XX/XXXX. However, there was a revised CD issued later on XX/XX/XXXX. This is the last revised CD and reflects a disbursement date of XX/XX/XXXX. If the funding date was XX/XX/XXXX, a revised PCCD, LOE to borrower, and proof of delivery reflecting the correct information is required. (XXXX)

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

XXXX

2163440

2 of 3

XXXX

Credit

Program Parameters - Property Type

XXXX

XXXX provided for Manufactured Home on Subject property - pool will be addressed and not a health and safety issue (filled with dirt, fence etc). 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: LTV XXXX%, DTI XXXX%

XXXX

2163440

3 of 3

XXXX

Valuation

Appraisal - 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

2142448

1 of 4

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The Assignment of Leases and XXXX have the individuals listed as the borrowers on Pg XXXX rather 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

2142448

2 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2142448

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2142448

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 dated XX/XX/XXXX with a score of XXXX was provided and supported the appraised value.

Cleared

XXXX

2175212

1 of 4

XXXX

Compliance

TRID - CD/Lender Credits that Cannot Decrease (No Valid COC)

XXXX

Resolved

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

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

XXXX

2175212

2 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.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Updated bank statement, see balance summary for balance as of XX/XX/XXXX XXXX.

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

XXXX

2175212

3 of 4

XXXX

Credit

Income - Rental Property Income

XXXX

The loan application reflects the borrower has two investment properties. At origination, the borrower was given positive cash flow of $XXXX. However, the mortgage payment for these properties was omitted due to the mortgage being in the name of the borrower’s spouse only. Per the lender’s guidelines if the mortgage is owned by another individual (not our borrower) and we are using rental income to qualify; the borrower must also qualify with the mortgage payments regardless of if they are on the note or not. Including the PITI for each investment property results in positive cash flow of $XXXX. As a result, the DTI increased from XXXX% to XXXX% which exceeds guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX. income calc.

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

XXXX

2175212

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

2136015

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2136015

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136015

3 of 3

XXXX

Valuation

Appraisal - 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

2142410

1 of 3

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The Assignment of Leases and XXXX have the individuals listed as the borrowers on Pg XXXX rather than being the Entity as signed on Pg XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Correction

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

XXXX

2142410

2 of 3

XXXX

Credit

Assets - Source

XXXX

The funds required to close were not properly sourced and/or seasoned. The subject loan is a purchase of an investment property under the DSCR lending program. The loan file contained documentation reflecting the borrower obtained a line of credit advance of $XXXX for funds to close; however the loan file did not contain evidence of the collateral used to secure the line of credit to ensure it meets lending program guidelines for acceptable source of funds. ***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

2142410

3 of 3

XXXX

Valuation

Appraisal - Value is supported 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 2nd Appraisal dated XX/XX/XXXX that supported the value.

Cleared

XXXX

2173164

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2173164

2 of 3

XXXX

Credit

Liabilities - Excluded Debts

XXXX

Lender calculated DTI of XXXX% but audit UW calculated DTI is at XXXX% and outside the guideline maximum of XXXX%. Per the VOR located within the loan file reflects a leasehold payment for $XXXX at XXXX XXXX XXXX (which appears to be a manufactured home). Guidelines require all housing payments to be included in the DTI. Income calculated at $XXXX a month/Debts $XXXX a month = DTI of XXXX%.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The XXXX% DTI is made up of the following: Debt =XXXX (XXXX + XXXX which includes the $XXXX & liabilities $XXXX offset by $XXXX rental income on investment REO). Income = XXXX per income calcuation.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Please provide debt calculation

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
Escalated.

Response 1 (XX/XX/XXXX XX:XXPM)
Total debts are $XXXX. Income is $XXXX. DTI is XXXX%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Income of $XXXX matches. Debts: $XXXX PITI subject + $XXXX negative cash flow + $XXXX other debts = $XXXX total. (XXXX)

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

XXXX

2173164

3 of 3

XXXX

Valuation

Appraisal - Value 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

2136035

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2136035

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2136035

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2175236

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175236

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175236

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2176950

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2176950

2 of 3

XXXX

Credit

Contract - Concessions

XXXX

The contract contained excessive seller concessions of $XXXX. Per guidelines, the allowed concessions is XXXX% or $XXXX, leaving an overage of $XXXX.

Resolved

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

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

XXXX

2176950

3 of 3

XXXX

Valuation

Appraisal - 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

2172724

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2172724

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2172724

3 of 3

XXXX

Valuation

Appraisal - 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

2173166

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2173166

2 of 3

XXXX

Credit

Assets - Minimum Reserves

XXXX

Per Lender's guides, the borrower is required to verify XXXX months reserves. The borrower required to verify $XXXX, which consist of $XXXX CTC and $XXXX XXXX months reserves. However, the borrower verified $XXXX. The borrower's 2nd deposit of $XXXX, was not taken into consideration when calculating the borrower's deposits. Therefore, the borrower is short -$XXXX in verified reserves.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
ATTACHED

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
excption provided

Response 1 (XX/XX/XXXX XX:XXAM)
Cashiers checks provided are not sourced and seasoned funds. (XXXX)

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

XXXX. XXXX% LTV.

XXXX

2173166

3 of 3

XXXX

Valuation

Appraisal - 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

2175215

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175215

2 of 5

XXXX

Credit

Assets - Large Deposits/Unacceptable

XXXX

Recent large deposits were not adequately sourced and/or documented. A large deposit wire of $XXXX was noted on XXXX #XXXX statement on XX/XX/XXXX. The file is missing documentation to source this deposit. Omitting this deposit results in an asset shortage of $XXXX.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX# XXXX - $XXXX XXXX# XXXX - $XXXX backed out 30K large deposit. XXXX# XXXX - XXXX Total in accounts: $XXXX Gift $XXXX Total XXXX+ XXXX = XXXX Cash to close after gift funds: $XXXX + EMD EMD : $XXXX Funds from account amounting $XXXX are enough to meet the required cash to close.

Response 1 (XX/XX/XXXX XX:XXPM)
There is also $XXXX in required reserves. (XXXX)

Response 2 (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, $XXXX monthly residual income, Self-employed XXXX+years

XXXX qualifying credit score, $XXXX monthly residual income, Self-employed XXXX+years

XXXX

2175215

3 of 5

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

Not all required credit reports are within the file. The most recent credit report 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 provided

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

XXXX

2175215

4 of 5

XXXX

Credit

Program Parameters - Other

XXXX

The subject loan does not meet Program Parameters. The borrower was qualified with rental income of $XXXX from the departure residence. The file contained the lease and proof of XXXXst month's rent and security deposit; however, the file is missing proof that the departure residence is not currently listed for sale as required by guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Proof it is not for sale

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

XXXX

2175215

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

2173167

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2173167

2 of 4

XXXX

Credit

Assets - Minimum Reserves

XXXX

The loan file is short required XXXX months reserves ($XXXX) by $XXXX.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
exception provided

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

Compensating Factors: Borrower has worked in same job more than XXXX years, Borrower has worked in same industry more than XXXX years, Borrower has verified residual Income (disposable income) of at least $XXXX per month

XXXX

2173167

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

XXXX provided for reserves being short of the XXXX months required. 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)

XXXX

2173167

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

2175550

1 of 6

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175550

2 of 6

XXXX

Credit

Assets - Minimum Reserves

XXXX

Total required assets $XXXX (funds to close $XXXX plus XXXX month's subject reserves $XXXX).Total verified assets $XXXX results in a reserve shortage of $XXXX. Sufficient reserves to meet underwriting requirements and PITI were not verified in the file.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Funds to close is XXXX per closing CD dated XX/XX/XXXX and settlement statement.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
gift fund XXXX were sent at closing, please re-calculate your totals.

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
Donor statement provided, therefore they should not count toward the total cash to close amount.

Rebuttal 4 (XX/XX/XXXX XX:XXAM)
Escalated.

Rebuttal 5 (XX/XX/XXXX XX:XXAM)
exception approved

Response 1 (XX/XX/XXXX XX:XXPM)
Assets required: $XXXX POC + $XXXX EMD + $XXXX Gift + $XXXX cash to close = $XXXX. Available $XXXX. $XXXX shortage. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
XXXX funds of $XXXX sent to closing were accounted for. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
Disagree. The $XXXX gift is listed out as a separate line item deposit on the HUD. (XXXX)

Response 4 (XX/XX/XXXX XX:XXAM)
Assets required: $XXXX POC + $XXXX EMD + $XXXX Gift + $XXXX cash to close + $XXXX reserves = $XXXX. Available $XXXX. $XXXX shortage. (XXXX)

Response 5 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

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

XXXX

2175550

3 of 6

XXXX

Credit

Assets - Other

XXXX

A portion of the funds to close from the business asset XXXX XXXX with account holder as XXXX. Per the CPA letter, the borrower is XXXX% owner. Guidelines require an access letter from the other members allowing use of the business funds and is missing from the file. In addition, verification that the use of funds will not have a negative impact on the business/operations from either CPA, a cash flow completed by the underwriter, or other underwriter justification documented in file and is missing from the file.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Joint owner of account #XXXX is non-borrowing spouse on title. Non-borrowing spouse who will reside in the property (primary residence only) and is contributing funds is not considered a gift, therefore a gift letter is not required. See end of section XXXX of guide.

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

XXXX

2175550

4 of 6

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

The credit report is dated XX/XX/XXXX and the loan closed XX/XX/XXXX. Guidelines require a gap credit report or Debt Monitoring report no more than XXXX days prior to closing 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:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2175550

5 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.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
this is not required, please waive

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

XXXX

2175550

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

2180035

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2180035

2 of 3

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The hazard insurance policy provided does not include coverages provided for the subject; Please provide the hazard insurance policy for the subject. Additional conditions may apply.

Resolved

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

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

XXXX (XX/XX/XXXX XX:XXAM)
please rereview HOI policy in file. Location XXXX: Dwelling 13 (page XXXX-XXXX of HOI). Page XXXX-XXXX of indexed file. See Mortgagee Clause references loan # for subject

XXXX

2180035

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2179868

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2179868

2 of 4

XXXX

Credit

Credit Report - Alerts

XXXX

The credit report dated XX/XX/XXXX reflects an Experian fraud alert listed for the Borrower XXXX. Guidelines state if the borrower has an alert present on his/her credit report, then the underwriter must complete the FACTA (Fraud Alert Verification form) independently to verify the borrowers identity before issuing a clear to close. But the completed FACTA form could not be located within the loan file. Additional conditions may apply.

Resolved

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

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

XXXX

2179868

3 of 4

XXXX

Credit

Program Parameters - Loan Amount

XXXX

Lender exception in file to allow a loan amount of $XXXX on a DSCR cash-out refinance, guidelines require a minimum loan amount of $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:XXAM)
Waiver granted by Investor. (Waived)

Compensating factors: B1 owns XXXX investment properties free/clear, Experienced investor XXXX+ years

XXXX

2179868

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

2169617

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2169617

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169617

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2175551

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175551

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175551

3 of 3

XXXX

Valuation

Appraisal - 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

2167122

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2167122

2 of 4

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:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2167122

3 of 4

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. Also the mortgage with XXXX last paid XX/XX/XXXX and not paid though XXXX/XXXX.

Resolved

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

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
See pg XXXX of printout #XXXX that shows XXXX/XXXX payment to XXXX for XXXX. Full printout already in file. Borrower paid additional $XXXX, same as done for March payment (see XXX statement in file).

Response 1 (XX/XX/XXXX XX:XXPM)
Still missing XXXX update. (XXXX)

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

XXXX

2167122

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

2176973

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 fee 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

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

XXXX

2176973

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2176973

3 of 3

XXXX

Valuation

Appraisal - 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

2169594

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2169594

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169594

3 of 3

XXXX

Valuation

Appraisal - 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

2177311

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2177311

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2177311

3 of 3

XXXX

Valuation

Appraisal - 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

2175553

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175553

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175553

3 of 3

XXXX

Valuation

Appraisal - 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

2169596

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2169596

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169596

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2169600

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2169600

2 of 4

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

2169600

3 of 4

XXXX

Credit

Program Parameters - LTV

XXXX

XXXX in file as the subject loan does not meet Program Parameters for LTV. The LTV must be reduced by XXXX% for declining markets noted by the appraiser. The maximum LTV allowed for this scenario is XXXX%; however, the approved LTV is 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: DTI XXXX% when XXXX% is XXXX; residual income of $XXXX when $XXXX minimum for exception; borrower in same industry XXXX years when minimum XXXX years required for exception.

XXXX

2169600

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

2179871

1 of 5

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2179871

2 of 5

XXXX

Credit

Assets - Minimum Reserves

XXXX

Total required assets $XXXX (funds to close $XXXX plus XXXX month's reserves on the subject $XXXX). Total verified assets in the file $XXXX results in a reserve shortage of $XXXX. Sufficient reserves to meet underwriting requirements and PITI were not verified in the file.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
As per CD the required assets to close is only $XXXX+XXXX= $XXXX We have verified liquid assets of $XXXX this covers the reserves and funds to close

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
exception provided

Response 1 (XX/XX/XXXX XX:XXAM)
Assets available: XXXX $XXXX + XXXX MM $XXXX + XXXX Checking $XXXX + Cleared EMD $XXXX = $XXXX total available. Assets required: POC $XXXX + EMD $XXXX + Cash to Close $XXXX + Reserves $XXXX = $XXXX total required. Total shortage $XXXX. (XXXX)

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

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

XXXX

2179871

3 of 5

XXXX

Credit

Credit - Red Flags/Potential Fraud

XXXX

The application reflects both the borrower's current rental residence and business address are one in the same at XXXX, XXXX, PA XXXX. A VOR and XXXX month's checks provided for a monthly rental payment of $XXXX. All documents in the file with a personal address reflect the same address. The XXXX picture of the address reflects this to be commercial property that is the borrower's business. XXXX pictures at that address confirm does not appear to be any structures of residential nature at this address (pictures in support file). Reviewer wanted to make client aware.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
What is needed to clear?

Response 1 (XX/XX/XXXX XX:XXAM)
This was information only. (Void)

XXXX

2179871

4 of 5

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 an Undisclosed Debt Monitoring report or gap credit no more than XXXX days prior to the loan closing or anytime after and is missing from the file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
UDM provided

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

XXXX

2179871

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

2169599

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2169599

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169599

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2172726

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2172726

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2172726

3 of 3

XXXX

Valuation

Appraisal - 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

2167128

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2167128

2 of 3

XXXX

Credit

Debts - Not Verified

XXXX

The application lists significant debts that were not independently verified. The loan application reflects an investment property at XXXX. Per the lender’s guidelines the existing property PITIA (principal, interest, taxes, insurance, and HOA dues) payment must be counted as part of the borrower’s recurring monthly debt obligations. The loan file contains a mortgage statement from UWM with a monthly payment of $XXXX and a statement from XXXX (HELOC) with a monthly payment of $XXXX. Only the HELOC monthly payment was included in the DTI. Property taxes and homeowner’s insurance were not included. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Per docs in loan file, borrower is not obligated on the 1ist XXXX mortgage which also included taxes and insurance.

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

XXXX

2167128

3 of 3

XXXX

Valuation

Appraisal - 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

2182215

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2182215

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182215

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% 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

2173177

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2173177

2 of 4

XXXX

Credit

Mortgage History - Missing/Incomplete

XXXX

The mortgage history in the loan file was incomplete or missing. The borrower wrote a letter about monthly HOA's on properties that the borrower owns and there is a property that is not included in the borrowers real estate and no supporting documents as to why this would not be included in the borrowers properties and debts. The property address is XXXX XXXX. Provide supporting documents and clarification as to why the borrower states they own this property and why it is not included.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX XXXX is owned by XXXX

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

XXXX

2173177

3 of 4

XXXX

Credit

Program Parameters - Loan Purpose

XXXX

The subject loan does not meet Program Parameters for Loan Purpose - Per the guides on page XXXX of XXXX the borrower does not meet the requirements for a cash out refinance. The property is currently in the name of an LLC however to be able to complete a cash out refinance the borrower has to be majority owner of the LLC and at this time the borrower does not have majority ownership; each owner is XXXX% owner. the borrower does not meet the seasoning requirement of XXXX months.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
The SUBJECT property was acquired on XX/XX/XXXX as a Quit Claim deed

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
cert provided

Response 1 (XX/XX/XXXX XX:XXAM)
Property has been owned by LLC since XX/XX/XXXX. (XXXX)

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

XXXX

2173177

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

2177312

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2177312

2 of 3

XXXX

Credit

Credit - Other

XXXX

The loan file is missing verification of PITIA for XXXXpring XXXX XXXX.

Resolved

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

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

XXXX

2177312

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2176947

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: Credit Report, 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)
Final SS reflects the $XXXX was applied and reimbrsed to the borrower for a curw

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
PCCD provided

Response 1 (XX/XX/XXXX XX:XXPM)
Please provide referenced CD with cure. The CD issued on XX/XX/XXXX in the original loan file doe snot disclose cure to borrower. A cost to cure in the amount of $XXXX remains. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2176947

2 of 3

XXXX

Credit

Assets - Minimum Reserves

XXXX

Sufficient reserves to meet underwriting requirements and PITI were not verified in the file. Per program guidelines, the borrower is required to show evidence of XXXX months of reserves in addition to the cash to close. The borrower is required to bring $XXXX in cash to closing and EMD and provide XXXX months reserves in the amount of $XXXX, for a total of $XXXX. The loan file documented available funds (including EMD) coming from three XXXX Accounts with a total available balance of $XXXX, thus the borrower is short reserves in the amount of $XXXX. The borrower removed $XXXX from their XXXX Acct #XXXX/XXXX on XX/XX/XXXX and deposited it into the XXXX Checking Acct #XXXX/XXXX, as reflected in the transaction history in the loan file. However no updated Money Market Account balance was in the loan file. Manually deducted the $XXXX from most recent statement available dated XX/XX/XXXX.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
eccepton provided

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

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

XXXX

2176947

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% 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

2173180

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2173180

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173180

3 of 3

XXXX

Valuation

Appraisal - 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

2169616

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2169616

2 of 4

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

2169616

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169616

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 is XXXX.

Cleared

XXXX

2180040

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2180040

2 of 4

XXXX

Credit

Credit Report - Other

XXXX

The letter of explanation regarding the cash out reason is missing.

Resolved

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

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

XXXX

2180040

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

XXXX provided for XXXX overdrafts when the XXXX is XXXX within XXXX months ( (XXXX) XXXX in Nov. and (XXXX) XXXX in Oct.) 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: DTI XXXX, same industry more than XXXX years, same job more than XXXX years

XXXX

2180040

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 is XXXX.

Cleared

XXXX

2169635

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2169635

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169635

3 of 3

XXXX

Valuation

Appraisal - 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

2172730

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2172730

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2172730

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2186195

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2186195

2 of 3

XXXX

Credit

Income - Other

XXXX

There are additional employment/income findings. This file is a bank statement program however no bank statements have been provided to verify self-employed income. Need XXXX months business or personal bank statements to confirm income being used to qualify the borrower. We have contracts however this is not acceptable for income verification.

Resolved

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

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
stmts provided

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

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

XXXX

2186195

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

Appraisal - 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 that supports the appraised value.

Cleared

XXXX

2172743

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2172743

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. There is a new Purchase for XXXX however there is no supporting documents to support the monthly payment along with if the taxes and insurance are escrowed. Please provide supporting documents to confirm monthly debt is calculated correctly.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
First pmt letter, note, ins, taxes

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

XXXX

2172743

3 of 4

XXXX

Credit

Income - Tax Return Documentation Incomplete

XXXX

Income - Tax Return Documentation Incomplete. Tax returns where used to determine the borrowers income at initial underwrite however no tax returns personal or business have been provided to correctly calculate self-employed income in the amount of $XXXX from XXXX along with calculating the rental income from the borrowers rental properties. The income worksheet provided at time of review reflects the calculation of how the income was derived however nothing to support that. Provide tax returns for both personal and business to correctly calculate the income.

Resolved

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

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

XXXX

2172743

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

2169624

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2169624

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 and co-borrower as required per the guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
UDM

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

XXXX

2169624

3 of 3

XXXX

Valuation

Appraisal - 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

2172732

1 of 10

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The vesting interest on the security instrument cannot be verified as accurate due to the Title Commitment missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Title

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

XXXX

2172732

2 of 10

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 enter test failed 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 . 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)
ICD

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
ICD XXXX/XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The borrower is required to receive a CD at least XXXX days prior to closing. The CD provided was issued and received om XX/XX/XXXX; closing was XX/XX/XXXX. Please provide a CD received by the borrower at least XXXX days prior to closing. A cost to cure in the amount of $XXXX remains. (XXXX)

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

XXXX

2172732

3 of 10

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: 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 XX/XX/XXXX. the Consummation date was 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)
Attached

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
ICD XXXX/XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The borrower is required to receive a CD at least XXXX days prior to closing. The CD provided was issued and received om XX/XX/XXXX; closing was XX/XX/XXXX. Please provide a CD received by the borrower at least XXXX days prior to closing. (XXXX)

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

XXXX

2172732

4 of 10

XXXX

Credit

Assets - Bank Statements

XXXX

The XXXX/XXXX XXXX asset statement, reflecting $XXXX, is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Assets

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

XXXX

2172732

5 of 10

XXXX

Credit

Assets - Bank Statements

XXXX

The XXXX/XXXX XXXX asset statement, reflecting $XXXX, is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Assets

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

XXXX

2172732

6 of 10

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:XXPM)
Documentation received. (Resolved)

XXXX

2172732

7 of 10

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:XXAM)
HOI

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

XXXX

2172732

8 of 10

XXXX

Credit

Income - Other

XXXX

Documentation for the Retirement Account Distribution income (IRA) was not provided. The most recent quarterly or XXXX month’s retirement account statement(s) to evidence sufficient assets to support continuance for XXXX years of the qualifying income; and the most recent XXXX month’s bank statements to evidence current receipt (as applicable) is required.

Resolved

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

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

XXXX

2172732

9 of 10

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. (Resolved)

XXXX

2172732

10 of 10

XXXX

Valuation

Appraisal - 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

2169637

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: Credit report 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)
CURE

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

XXXX

2169637

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2169637

3 of 3

XXXX

Valuation

Appraisal - 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

2175579

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175579

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175579

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2183885

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183885

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183885

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2177341

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2177341

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 and reserves. The final XXXX submitted has the borrowers business account XXXX/XXXX with a balance of $XXXX, however, the most recent bank statement provided XX/XX/XXXX does not have sufficient assets - XXXX/XXXX has a balance of $XXXX. There is a wire confirmation on XX/XX/XXXX from the same chase account in the amount of $XXXX. Need statement to reflect sufficient funds for closing costs and reserves.

Resolved

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

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

XXXX

2177341

3 of 3

XXXX

Valuation

Appraisal - 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

2179875

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2179875

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179875

3 of 3

XXXX

Valuation

Appraisal - 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

2169633

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)
lender cure, PR applied

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

XXXX

2169633

2 of 3

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

2169633

3 of 3

XXXX

Valuation

Appraisal - Value is supported 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

2173187

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2173187

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173187

3 of 3

XXXX

Valuation

Appraisal - 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

2187209

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

2187209

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187209

3 of 3

XXXX

Valuation

Appraisal - 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

2180039

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: Loan Discount points. 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)
DTI increased, property type changed

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

XXXX

2180039

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180039

3 of 3

XXXX

Valuation

Appraisal - 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

2176952

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2176952

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 fee 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:XXAM)
Attached

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

XXXX

2176952

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

XXXX provided for the allowance of XXXX months reserves as opposed to XXXX months, as required per guidelines. 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: same job more than XXXX years, Residual Income $XXXX

XXXX

2176952

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 is XXXX.

Cleared

XXXX

2175222

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175222

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175222

3 of 3

XXXX

Valuation

Appraisal - 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

2175241

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175241

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175241

3 of 3

XXXX

Valuation

Appraisal - 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

2179895

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2179895

2 of 3

XXXX

Credit

Credit Report - Other

XXXX

The Note was dated XX/XX/XXXX. The lenderguidelines and underwriting conditional approval required a gap credit orundisclosed debt monitoring report no more than XXXX days prior to the loanclosing or any time after closing. The undisclosed debt monitoring report wasnot 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

2179895

3 of 3

XXXX

Valuation

Appraisal - 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

2173189

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

2173189

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173189

3 of 3

XXXX

Valuation

Appraisal - 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

2169636

1 of 6

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The Vested Interest on the Security Instrument cannot be verified as accurate due to the Title Commitment missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Title provided for other condition

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

XXXX

2169636

2 of 6

XXXX

Credit

Assets - Bank Statements

XXXX

The required XXXX months bank statements for validation of bank statement income is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
stmts provided

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
provided

Response 1 (XX/XX/XXXX XX:XXAM)
Only XXXX month was provided. (XXXX)

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

XXXX

2169636

3 of 6

XXXX

Credit

Contract - Missing

XXXX

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

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
agreement

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

XXXX

2169636

4 of 6

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:XXAM)
HOI/RCE

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

XXXX

2169636

5 of 6

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:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2169636

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 is XXXX.

Cleared

XXXX

2182040

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2182040

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182040

3 of 3

XXXX

Valuation

Appraisal - 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

2169647

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2169647

2 of 4

XXXX

Compliance

Security Instrument - Missing

XXXX

The Security Instrument (Mortgage/Deed of Trust) is missing.

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

2169647

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 loan file did not contain a UDM/ Undisclosed Debt Monitoring report for the borrower 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

2169647

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

2172744

1 of 3

XXXX

Compliance

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

XXXX

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

2172744

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2172744

3 of 3

XXXX

Valuation

Appraisal - 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

2175224

1 of 3

XXXX

Compliance

TRID - CD/Lender Credits that Cannot Decrease (Revised Disclosure Late)

XXXX

The loan failed the Lender Credits that Cannot Decrease Test. Because the change occurred on XX/XX/XXXX, and consumer was not provided the disclosure within XXXX days of the change, the decrease to lender credits was not accepted as valid. 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

2175224

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

XXXX provided for XXXX% LTV with borrower being considered as living rent free. Guidelines state a maximum LTV of XXXX% for a borrower living rent free at an point in the las XXXX months. 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 year same-job history, Residual Income $XXXX Borrower sold home and mover just over XXXX months ago.

XXXX

2175224

3 of 3

XXXX

Valuation

Appraisal - 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

2175225

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175225

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175225

3 of 3

XXXX

Valuation

Appraisal - 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

2176955

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 issued XX/XX/XXXX

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

XXXX

2176955

2 of 4

XXXX

Credit

Credit Report - Other

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
UDM, see CR in file dated XXXX/XXXX

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

XXXX

2176955

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/PTIN. Required documentation was not provided.

Resolved

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

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

XXXX

2176955

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 dated XX/XX/XXXX with a score of XXXX was provided and supported the appraised value.

Cleared

XXXX

2177317

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2177317

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2177317

3 of 3

XXXX

Valuation

Appraisal - 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

2179905

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2179905

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179905

3 of 3

XXXX

Valuation

Appraisal - 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

2175573

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175573

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175573

3 of 3

XXXX

Valuation

Appraisal - 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

2175574

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175574

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175574

3 of 3

XXXX

Valuation

Appraisal - 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

2173197

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2173197

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173197

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2176957

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2176957

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2176957

3 of 3

XXXX

Valuation

Appraisal - 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

2182019

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2182019

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182019

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2176965

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

2176965

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2176965

3 of 3

XXXX

Valuation

Appraisal - 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

2173191

1 of 5

XXXX

Compliance

TRID - CD/Lender Credits that Cannot Decrease (Revised Disclosure Late)

XXXX

Resolved

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

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

XXXX

2173191

2 of 5

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:XXAM)
ICD

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

XXXX

2173191

3 of 5

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

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

2173191

4 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173191

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

2173192

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2173192

2 of 4

XXXX

Compliance

State HPML

XXXX

This loan failed the XXXX XXXX CMR XXXX higher-priced mortgage loan test. (XXXX XXXX CMR 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. While the Code of XXXX Regulations provisions specify that lenders may lawfully make this type of loan subject to certain disclosure requirements and additional limitations, some lenders and secondary market investors may prefer not to fund or buy higher priced mortgage loans even if the additional conditions are met.

Acknowledged

XXXX

2173192

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173192

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

2169644

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2169644

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

The subject loan does not meet Program Parameters. INCOME - currently using XXXX income for the borrower however per the guidelines page XXXX of XXXX the XXXX that is being used for income has to be in the borrowers name and cannot be in the of an LLC. The XXXX that is being used to qualify from XXXX in the amount of $XXXX is in the name of the borrowers business - Rome XXXX hour Residential LLC. Also currently reflecting current YTD income as $XXXX however nothing supporting receipt of this income as required per the same guidelines mentioned above. Please provide a current XXXX from the borrowers business to the borrower along with YTD income to be able to use the income to qualify.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Per guideline page XXXX, borrower paid a XXXX through an LLC in which they are XXXX% owner is permitted. See docs in file page XXXX of XXXX for CPA letter, see pg XXXX-XXXX for YTD printout from XXXX state.

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

XXXX

2169644

3 of 3

XXXX

Valuation

Appraisal - 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

2177336

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2177336

2 of 4

XXXX

Credit

Credit Report - Inquiries

XXXX

The guidelines indicate all recent credit inquiries made within XXXX days of the credit report date must be accompanied by a signed letterfrom the borrower explaining the inquiries and whether additional credit was obtained. The credit Inquiry letter provided by XXXX was not executed.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Credit inquiries for all XXXX borrowers was the mortgage company the loan officer previously worked for. Documentation uploaded.

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

XXXX

2177336

3 of 4

XXXX

Credit

Credit Report - Minimum Trade Lines

XXXX

The guidelines indicate if the primary borrower has three (XXXX) credit scores and at least XXXX tradeline currently reporting that is not an authorized user account, then the minimum tradeline requirement is waived. Borrower 3 (XXXX) has XXXX credit scores; however, all trades currently reporting are authorized user accounts. The Borrower does not meet the minimum tradelines requirements, (XXXX) tradelines reporting for a minimum of XXXX months, with activity in the last XXXX months.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see guideline (page XXXX, version XX/XX/XXXX). Borrower has closed tradeline with XXXX that meets requirements below. To qualify as a valid tradeline, the following requirements apply: • The credit line must be reflected on the borrower’s credit report • The account must have activity in the past XXXX months and may be open or closed • Tradelines used to qualify may not exceed 0x60 in the most recent XXXX months

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

XXXX

2177336

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

2173196

1 of 4

XXXX

Compliance

TRID - CD/Lender Credits that Cannot Decrease (No Valid COC)

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
DTI increased to XXXX%

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

XXXX

2173196

2 of 4

XXXX

Credit

Assets - Minimum Reserves

XXXX

Sufficient reserves to meet underwriting requirements and PITI were not verified in the file. Assets provide are not sufficient for cash to close and for reserves required. Using ICCU/XXXX, XXXX and XXXX along with XXXX XXXX and XXXX; using those accounts still $XXXX. Provide sufficient assets to cover cash to close and reserves.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Assets attached to evidence balance ICCU XXXX $XXXX as of XXXX/XXXX, ICCU XXXX $XXXX as of XXXX/XXXX. EMD cleared XXXX/XXXX from ICCU act#XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
Sufficient assets were verified at origination. (Void)

XXXX

2173196

3 of 4

XXXX

Credit

DTI - Exceeds Guidelines

XXXX

The DTI exceeds Originator Guidelines. Calculated DTI is XXXX% which is over guidelines of XXXX%. Calculated DTI at time of underwriting was XXXX%. The difference is the other property that appears to be the borrowers - XXXX Nampa XXXX. There is a purchase contract in the file from XX/XX/XXXX along with a VOM that is in the file that has mortgage payment history along with rental history. The final XXXX in the file has the above property listed as rental and retained which would be inline with audit DTI calculation. Provide supporting documents that the borrower is not buying this property or that the borrower is receiving rental income for this property with a lease and proof of rental income being received.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
UW included $XXXX for departure and $XXXX for subject = XXXX DTI. XXXX CENTRAL was excluded due to installment less than XXXX payments. Please advise

Response 1 (XX/XX/XXXX XX:XXAM)
Agree. Installment debt with less than XXXX payments was not excluded. (Void)

XXXX

2173196

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

2175571

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175571

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175571

3 of 3

XXXX

Valuation

Appraisal - 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

2177332

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2177332

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2177332

3 of 3

XXXX

Valuation

Appraisal - 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

2187204

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187204

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187204

3 of 3

XXXX

Valuation

Appraisal - 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

2179880

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2179880

2 of 4

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, lox

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

XXXX

2179880

3 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 XXXX included a debt with XXXX/Cardless/Feb with a payment of $XXXX and a balance of $XXXX. The file is missing documentation to confirm the terms of this debt. Additional conditions may apply.

Resolved

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

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

XXXX

2179880

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

2179882

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2179882

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179882

3 of 3

XXXX

Valuation

Appraisal - 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

2175570

1 of 3

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The name of the non-borrower spouse is missing from page one of the security instrument.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Spouse is non-borrowing AND non-titled and signed documents per state homestead rights rules.

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

XXXX

2175570

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175570

3 of 3

XXXX

Valuation

Appraisal - 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

2176958

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2176958

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2176958

3 of 3

XXXX

Valuation

Appraisal - 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

2177319

1 of 4

XXXX

Compliance

Flood Insurance - Escrow Notice

XXXX

The loan was subject to XXXX and the Notice of Requirement to Escrow Flood Insurance Premiums is missing. National Flood Insurance Act (NFIA) & Implementing Regulations XXXX USC 4012a(d) // 12 CFR 208.25(e)(2) Although the flood notice was located in the file, there is insufficient evidence that it was provided to the borrower at least XXXX calendar days prior to closing.

Acknowledged

XXXX

2177319

2 of 4

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section of the Security Instrument (Mortgage/Deed of Trust). The bottom of the security instrument is cut off.

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

2177319

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2177319

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

2187202

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187202

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187202

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2179884

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2179884

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179884

3 of 3

XXXX

Valuation

Appraisal - 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

2175233

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175233

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175233

3 of 3

XXXX

Valuation

Appraisal - 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

2180041

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2180041

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180041

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2175240

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. Reimbursement in the amount of $XXXX was provided at closing to cure Credit Report increase. Remaining 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)
Recording fee increase to $XXXX was disclosed on XXXX/XXXX CD. Cure of XXXX applied to recording fee over XXXX% tolerance at closing (XXXX to XXXX).

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
See PCCD and final statement to confirm actual recording fees. Note this is dry state.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to cure the finding. The COC provided on XX/XX/XXXX does not provide a valid reason for the increase of the Recording fee without more details. The COC does not state the reason for the addition. Provide information as to why the Recording Fee increased. 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

2175240

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175240

3 of 3

XXXX

Valuation

Appraisal - 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

2182221

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2182221

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182221

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2182242

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2182242

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182242

3 of 3

XXXX

Valuation

Appraisal - 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

2175235

1 of 5

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 provided

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

XXXX

2175235

2 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 increases: Points and Mortgage Broker Fee. 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

2175235

3 of 5

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 borrower is currently short cash to close in the amount of $XXXX. The final XXXX has several XXXX accounts listed however only 3WL1 is provided. Provide sufficient funds for cash to close and reserves.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
stmts provided

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
stmts provided

Response 1 (XX/XX/XXXX XX:XXPM)
The shortage was $XXXX. Only an IRA account with a balance of $XXXX prior to the haircut was provided. (XXXX)

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

XXXX

2175235

4 of 5

XXXX

Credit

Verification Documentation - VOR

XXXX

Verification of XXXX months rental payments is required. Borrowers currently rent however there is no VOR in the file and it is not reported on the credit report. Provide VOR per guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
vor provided

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

XXXX

2175235

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

2175242

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175242

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175242

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2175575

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: Points, 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)
CD and lock confirmation, pricing exception disclosed.

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

XXXX

2175575

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175575

3 of 3

XXXX

Valuation

Appraisal - 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

2177323

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2177323

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2177323

3 of 3

XXXX

Valuation

Appraisal - 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

2177333

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2177333

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2177333

3 of 3

XXXX

Valuation

Appraisal - 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

2180048

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2180048

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180048

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2177325

1 of 5

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2177325

2 of 5

XXXX

Compliance

State HPML

XXXX

Acknowledged

XXXX

2177325

3 of 5

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 . 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

2177325

4 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2177325

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 is XXXX.

Cleared

XXXX

2179906

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2179906

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179906

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2175566

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2175566

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175566

3 of 3

XXXX

Valuation

Appraisal - 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

2180042

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2180042

2 of 4

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

2180042

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180042

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

2173203

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2173203

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173203

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2176961

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2176961

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2176961

3 of 3

XXXX

Valuation

Appraisal - 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

2182047

1 of 3

XXXX

Compliance

Note - Incomplete

XXXX

The following section of the Note is incomplete: Missing page XXXX of XXXX.

Resolved

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

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

XXXX

2182047

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182047

3 of 3

XXXX

Valuation

Appraisal - 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

2183878

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183878

2 of 3

XXXX

Credit

Assets - Minimum Reserves

XXXX

Sufficient reserves to meet underwriting requirements and PITI were not verified in the file. There was a $XXXX shortage.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please update XXXX #XXXX balance to XXXX per XX/XX/XXXX printout (see pages XXXX-XXXX of XXXX pages upload). The $XXXX appraisal fee cleared this account on XX/XX/XXXX. Please update BA #XXXX to XXXX per XX/XX/XXXX printout (see pages XXXX-XXXX of XXXX pages uploaded). Per the PCCD, funds to close required was XXXX (borrower received XXXX back after closing). Final statement/ PCCD attached.

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

XXXX

2183878

3 of 3

XXXX

Valuation

Appraisal - 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

2179893

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. 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

2179893

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179893

3 of 3

XXXX

Valuation

Appraisal - 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

2175568

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: Credit Report, 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)
CURE

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

XXXX

2175568

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2175568

3 of 3

XXXX

Valuation

Appraisal - 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

2183879

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183879

2 of 5

XXXX

Credit

Program Parameters - Other

XXXX

XXXX provided for DTI over 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:XXAM)
Waiver granted by Investor. (Waived)

Compensating Factors: XXXX, Housing payment history is 0x30x24

XXXX

2183879

3 of 5

XXXX

Credit

Program Parameters - Other

XXXX

XXXX provided for rent free housing history for a portion of the last XXXX months. The max LTV is XXXX% for rent free housing. The borrower was rent free for XXXX months - rent started Sept 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:XXAM)
Waiver granted by Investor. (Waived)

Compensating Factors: XXXX, Housing payment history is 0x30x24

XXXX

2183879

4 of 5

XXXX

Credit

Verification Documentation - VVOE Salaried/Missing

XXXX

The loan file is missing a VVOE for the borrower.

Resolved

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

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

XXXX

2183879

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 is XXXX.

Cleared

XXXX

2187215

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187215

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187215

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% 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

2180047

1 of 4

XXXX

Compliance

State Regulations

XXXX

This loan failed the prohibited fees test. The loan charges a prohibited fee based on one or more the following findings: The loan charged more than one automated valuation model fee or both an appraisal fee and an automated valuation model fee. (XXXX Fin. Code §XXXX).

Acknowledged

XXXX

2180047

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. 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

2180047

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180047

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

2187203

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187203

2 of 4

XXXX

Credit

Income - Rental Property Income

XXXX

The documentation supporting income from other real estate owned is not adequately supported to meet underwriting guidelines. Rental income is being used for XXXXorthwest and XXXX however no tax returns have been provided to support using the rental income. The back end DTI increases from XXXX% to XXXX% which would make the loan not eligible. Provide tax returns so rental income can be calculated.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX tax ret and transcript

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

XXXX

2187203

3 of 4

XXXX

Credit

Liabilities - Mortgage Payment History

XXXX

There is a new loan on XXXX with TLS however no supporting documents to support the current payment of XXXX. Provide CD or first payment letter to support payment being used to qualify the borrower.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
loan not closed yet, latest CD

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

XXXX

2187203

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

2173199

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2173199

2 of 4

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

2173199

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173199

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

2182023

1 of 3

XXXX

Compliance

Flood Insurance - Escrow Notice

XXXX

The loan was subject to XXXX and the Notice of Requirement to Escrow Flood Insurance Premiums is missing. Although a flood notice was located in the file. The notice was signed on the closing date. There is insufficient evidence that it was provided to the borrower at least XXXX calendar days prior to closing. National Flood Insurance Act (NFIA) & Implementing Regulations XXXX USC 4012a(d) // 12 CFR 208.25(e)(2)

Acknowledged

XXXX

2182023

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182023

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2182022

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2182022

2 of 3

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

Credit report dated XX/XX/XXXX and the loan closed on XX/XX/XXXX. Guidelines require a gap credit or an Undisclosed Debt Monitoring report within XXXX days of the loan closing or anytime after closing and is missing from the file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
udm, lox

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

XXXX

2182022

3 of 3

XXXX

Valuation

Appraisal - 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

2176969

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. 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

2176969

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2176969

3 of 3

XXXX

Valuation

Appraisal - 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

2179891

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2179891

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179891

3 of 3

XXXX

Valuation

Appraisal - 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

2180056

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2180056

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180056

3 of 3

XXXX

Valuation

Appraisal - 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

2187229

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187229

2 of 3

XXXX

Credit

Program Parameters - Occupancy

XXXX

Lender exception in file as the borrower cannot provide verification of XXXX months rental income paid to them, but need to utilize the rental income to qualify. Client to approve downgrading finding based on compensating factors.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Exception was cancelled because XXXX months were verified

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

Compensating Factors: FICO Higher XXXX ant XXXX pts higher than min required, Borrower at same job XXXX+ years

XXXX

2187229

3 of 3

XXXX

Valuation

Appraisal - 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

2177328

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2177328

2 of 4

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

Resolved

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

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

XXXX

2177328

3 of 4

XXXX

Credit

Program Parameters - Other

XXXX

The subject loan does not meet Program Parameters. Guidelines require the PTIN Verification for the tax preparer, XXXX, who verified the borrower's business existence/ownership. This documentation is missing from the file. Additional conditions may apply.

Resolved

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

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

XXXX

2177328

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

2177330

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2177330

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2177330

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2177338

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2177338

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:XXAM)
UDM

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

XXXX

2177338

3 of 3

XXXX

Valuation

Appraisal - 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

2176966

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2176966

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2176966

3 of 3

XXXX

Valuation

Appraisal - 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

2182025

1 of 6

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2182025

2 of 6

XXXX

Compliance

TRID - CD - Revised CD Delivery Date (Waiting Period, APR)

XXXX

XXXX Required: An APR outside of allowable tolerance required a corrected Closing Disclosure and the corrected Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The baseline APR was set at XXXX% with CD issued on XX/XX/XXXX. The APR increased more than XXXX% with CD issued on XX/XX/XXXX, therefore a new XXXX-day waiting period was required. Please note, the tracker reflects a CD issued on XX/XX/XXXX that is not present in the loan file, potentially having caused this issue.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
CD

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

XXXX

2182025

3 of 6

XXXX

Compliance

TRID - CD/Lender Credits that Cannot Decrease (Revised Disclosure Late)

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
CD

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

XXXX

2182025

4 of 6

XXXX

Credit

Credit - Other

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
UDM

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
This is for the updated credit that was pulled

Response 1 (XX/XX/XXXX XX:XXAM)
Inquiries occurred after the credit report and prior to the XXXX date. (XXXX)

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

XXXX

2182025

5 of 6

XXXX

Credit

Credit - Other

XXXX

There are additional observations that could impact the credit decision and/or quality of the loan. The subject loan is a self employed bank statement loan, and the loan file did not contain a Business Narrative Form completed by the borrower as required per the guidelines.

Resolved

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

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

XXXX

2182025

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

2183888

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2183888

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183888

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2180061

1 of 4

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: XXXX. The loan fails the prohibited fees test by $XXXX.

Acknowledged

XXXX

2180061

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 to the following fees was not accepted: Recording Fee, 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)
FSS attached

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

XXXX

2180061

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180061

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

2177331

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 fee was not accepted: Credit Report. 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)
refund sent USPS, PCCD, LOX

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

XXXX

2177331

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

2177331

3 of 3

XXXX

Valuation

Appraisal - 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

2177342

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2177342

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2177342

3 of 3

XXXX

Valuation

Appraisal - Value 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

2187207

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187207

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187207

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2179904

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2179904

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179904

3 of 3

XXXX

Valuation

Appraisal - 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

2183880

1 of 4

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 Escrow Account Disclosure indicates the borrower will not have an Escrow Account, however one of the two boxes were not checked stating the reason they will not have an escrow account. Truth in XXXX (Regulation Z) 12 CFR 1026.38(l)(7)

Acknowledged

XXXX

2183880

2 of 4

XXXX

Credit

Credit Report - 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:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2183880

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.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
this is not required

Response 1 (XX/XX/XXXX XX:XXAM)
Agreed. (Void)

XXXX

2183880

4 of 4

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. CU score of XXXX.

Resolved

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

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

XXXX

2187225

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187225

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187225

3 of 3

XXXX

Valuation

Appraisal - 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

2179902

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2179902

2 of 3

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 invoice for the insurance was provided however no breakdown of coverage and deductible is present in the loan file. Provide proof of insurance to confirm coverage and deductible meet guidelines.

Resolved

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

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

XXXX

2179902

3 of 3

XXXX

Valuation

Appraisal - 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

2187244

1 of 4

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2187244

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 loan file does not contain documentation on whether or not the borrower's primary residence, located at XXXX, is subject to any Homeowner Association Dues.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
HOA annual dues XXXX per XXXX

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

XXXX

2187244

3 of 4

XXXX

Credit

Income - Tax Return Documentation Incomplete

XXXX

The borrower is using rental income to qualify, the loan file contains rental income calculation worksheet for both the subject property and an additional investment property that use the borrower's SCH E, however the loan file does not contain a copy of the borrower's SCH E income to verify the income used.

Resolved

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

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

XXXX

2187244

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 original appraised value.

Cleared

XXXX

2187227

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187227

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187227

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2179903

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2179903

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179903

3 of 3

XXXX

Valuation

Appraisal - 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

2187256

1 of 3

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

2187256

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187256

3 of 3

XXXX

Valuation

Appraisal - 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

2180063

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2180063

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180063

3 of 3

XXXX

Valuation

Appraisal - 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

2187212

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187212

2 of 3

XXXX

Credit

Credit - Other

XXXX

The loan file is missing the the documentation of PITIA for the property tied to the mortgage reflected on the credit report from XXXX, balance $XXXX, Payment $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
this is a timeshare. XXXX updated to show as installment loan instead along w/supporting documentation.

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

XXXX

2187212

3 of 3

XXXX

Valuation

Appraisal - 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

2184710

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2184710

2 of 3

XXXX

Credit

Program Parameters - Other

XXXX

The loan file is missing verification of full PITIA for XXXX XXXX XXXX or proof of sale.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
This REO is owned free and clear as the mortgage was paid off in XXXX. See loan documents (page XXXX of XXXX) for cancellation of security deed.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
These are in the initial uploaded XXXX pages, see page XXXX for insurance and XXXX for taxes.

Response 1 (XX/XX/XXXX XX:XXPM)
Please provide documentation of taxes and insurance. (XXXX)

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

XXXX

2184710

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2182049

1 of 3

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 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)
CD XXXX-XXXX

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

XXXX

2182049

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182049

3 of 3

XXXX

Valuation

Appraisal - 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

2180053

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2180053

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

2180053

3 of 3

XXXX

Valuation

Appraisal - 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

2182227

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2182227

2 of 3

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

2182227

3 of 3

XXXX

Valuation

Appraisal - 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

2183882

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183882

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183882

3 of 3

XXXX

Valuation

Appraisal - 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

2187260

1 of 4

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. XXXX.

Acknowledged

XXXX

2187260

2 of 4

XXXX

Compliance

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

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ICD, econsent, audit trail

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

XXXX

2187260

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187260

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

2184712

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2184712

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184712

3 of 3

XXXX

Valuation

Appraisal - 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

2186198

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2186198

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2186198

3 of 3

XXXX

Valuation

Appraisal - 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

2187254

1 of 3

XXXX

Compliance

State Testing - Prepayment Penalty

XXXX

Acknowledged

XXXX

2187254

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187254

3 of 3

XXXX

Valuation

Appraisal - 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

2187216

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187216

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187216

3 of 3

XXXX

Valuation

Appraisal - 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

2187213

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187213

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187213

3 of 3

XXXX

Valuation

Appraisal - 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

2180054

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2180054

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180054

3 of 3

XXXX

Valuation

Appraisal - Value 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

2187234

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187234

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187234

3 of 3

XXXX

Valuation

Appraisal - 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

2187248

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

2187248

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187248

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2187247

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187247

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187247

3 of 3

XXXX

Valuation

Appraisal - 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

2184714

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2184714

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184714

3 of 3

XXXX

Valuation

Appraisal - 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

2187218

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187218

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187218

3 of 3

XXXX

Valuation

Appraisal - 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

2182228

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2182228

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

2182228

3 of 3

XXXX

Valuation

Appraisal - 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

2183890

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183890

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183890

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2187219

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187219

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187219

3 of 3

XXXX

Valuation

Appraisal - Value 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

2182051

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2182051

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182051

3 of 3

XXXX

Valuation

Appraisal - 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

2182233

1 of 3

XXXX

Compliance

Security Instrument - Missing Rider/Addendum

XXXX

The following referenced Rider is missing: Page one of the PUD Rider is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
MTG

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

XXXX

2182233

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182233

3 of 3

XXXX

Valuation

Appraisal - 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

2187220

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187220

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187220

3 of 3

XXXX

Valuation

Appraisal - Value 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

2183886

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2183886

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183886

3 of 3

XXXX

Valuation

Appraisal - Value 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

2187222

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2187222

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187222

3 of 3

XXXX

Valuation

Appraisal - 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

2182042

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2182042

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182042

3 of 3

XXXX

Valuation

Appraisal - 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

2187257

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187257

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187257

3 of 3

XXXX

Valuation

Appraisal - 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

2187253

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187253

2 of 3

XXXX

Credit

Income - Other/Missing

XXXX

Per Lender's guides, when a letter from CPA,EA,CTEC or a tax preparer with a PTIN is obtain to verify employment for the borrower, validation of the license is required to be obtained. The borrower provided a letter from a CPA dated XX/XX/XXXX; however, the loan file does not contain validation of the CPA's license as required.

Resolved

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

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

XXXX

2187253

3 of 3

XXXX

Valuation

Appraisal - 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

2182054

1 of 3

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:XXAM)
ICD XXXX/XXXX

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

XXXX

2182054

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182054

3 of 3

XXXX

Valuation

Appraisal - 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

2182247

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2182247

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182247

3 of 3

XXXX

Valuation

Appraisal - 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

2187249

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187249

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187249

3 of 3

XXXX

Valuation

Appraisal - 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

2187239

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187239

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187239

3 of 3

XXXX

Valuation

Appraisal - 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

2184715

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The borrower sign date, XX/XX/XXXX, for the Assignment of Leases and XXXX, and Prepayment Rider does not match the notary date of the security instrument, XX/XX/XXXX.

Resolved

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

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

XXXX

2184715

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2184715

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2187228

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187228

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187228

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2187226

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187226

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187226

3 of 3

XXXX

Valuation

Appraisal - 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

2182237

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2182237

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182237

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2184719

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2184719

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX in file as the subject loan does not meet Program Parameters for Minimum DSCR. The subject loan closed with a DSCR of .XXXX. Lender guides require a minimum DSCR of XXXX. DSCR XXXX - XXXX requires an exception. 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)

Comp Factors - XXXX and XXXX months reserves

XXXX

2184719

3 of 4

XXXX

Credit

Program Parameters - LTV

XXXX

The LTV does not meet the program eligibility guidelines. The maximum allowed LTV for a purchase transaction with a qualifying credit XXXX and a DSCR of .XXXX is XXXX%. The subject loan closed with an LTV of XXXX% which exceeds the maximum allowed.

Waived

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

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

Comp Factors - XXXX and XXXX months reserves

XXXX

2184719

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

2187265

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187265

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187265

3 of 3

XXXX

Valuation

Appraisal - 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

2182243

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2182243

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2182243

3 of 3

XXXX

Valuation

Appraisal - 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

2187230

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187230

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187230

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% 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

2180066

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2180066

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2180066

3 of 3

XXXX

Valuation

Appraisal - 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

2187232

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187232

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187232

3 of 3

XXXX

Valuation

Appraisal - Value 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

2187231

1 of 3

XXXX

Compliance

Flood Insurance - Escrow Notice

XXXX

The loan was subject to XXXX and the Notice of Requirement to Escrow Flood Insurance Premiums. Although a flood notice was located in the file, there is insufficient evidence that it was provided to the borrower at least XXXX calendar days prior to closing. National Flood Insurance Act (NFIA) & Implementing Regulations XXXX USC 4012a(d) // 12 CFR 208.25(e)(2)

Acknowledged

XXXX

2187231

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187231

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2187255

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187255

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187255

3 of 3

XXXX

Valuation

Appraisal - 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

2187233

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187233

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187233

3 of 3

XXXX

Valuation

Appraisal - 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

2187236

1 of 3

XXXX

Compliance

TRID - CD - Revised CD Delivery Date (No Waiting Period)

XXXX

This loan failed the revised Closing Disclosure delivery date test (no waiting period required) 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 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. Truth in XXXX (Regulation Z) 12 CFR 1026.19(f)(2)(i)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ICD issued XXXX/XXXX, revised CD issued XXXX/XXXX. CD signed at closing was dated XX/XX/XXXX. Note, that the funding date is actually XXXX/XXXX. PCCD and final statement attached.

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. Based on the time stamps. it can be determined the second CD issued on XX/XX/XXXX can be considered a PCCD. (Resolved)

XXXX

2187236

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

2187236

3 of 3

XXXX

Valuation

Appraisal - 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

2183893

1 of 3

XXXX

Compliance

Flood Insurance Required

XXXX

The Flood Notice in the loan file was signed on XX/XX/XXXX. The Flood Notice should have been received at least XXXX days prior to closing.

Acknowledged

XXXX

2183893

2 of 3

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

XXXX in file as the subject loan does not meet Program Parameters for being a First Time Investor and the loan being an Interest Only Loan. 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: Monthly reserves verified and at least XXXX months more than guideline minimum. Housing Payment history is 0x30x24 or better.

XXXX

2183893

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of 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

2187246

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187246

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187246

3 of 3

XXXX

Valuation

Appraisal - 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

2187266

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187266

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187266

3 of 3

XXXX

Valuation

Appraisal - Value 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

2187251

1 of 4

XXXX

Compliance

Flood Insurance - Escrow Notice

XXXX

Acknowledged

XXXX

2187251

2 of 4

XXXX

Compliance

ROR- Incorrect Form/New creditor (H8) version required

XXXX

The consumer(s) was provided the incorrect RTC version. The consumer is refinancing with a new creditor; however, the version provided is for a refinance with the same creditor. Version H-XXXX was provided; Version H-XXXX was required. Truth in XXXX (Regulation Z) 12 CFR 1026.23(b)(1)(v), (a). Additionally, rescission needs to be re-opened.

Resolved

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

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Please review

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to cure the finding. The Updated ROR for the loan transaction was issued and the borrower has until midnight on XX/XX/XXXX to rescind. The exception can not be resolved until the recession period ends. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The re-opened rescission expired at midnight on XX/XX/XXXX clearing the exception. (Resolved)

XXXX

2187251

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187251

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

2187261

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2187261

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2187261

3 of 3

XXXX

Valuation

Appraisal - 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

2135987

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

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

Cleared

XXXX

2135987

2 of 4

XXXX

Credit

DSCR - Program Parameters - Other

XXXX

The borrowing entity is owned by XXXX (XXXX%) and the natural person borrower XXXX (XXXX%). Investor guidelines require any member with ownership in the borrowing entity not being used to qualify for the loan act as a non-qualifying guarantor and sign a guaranty for the loan as well as including a clear OFAC.

Resolved

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

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
uploaded

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
Guaranty disclosures attached

Rebuttal 4 (XX/XX/XXXX XX:XXPM)
Correct disclosures attached

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

Response 2 (XX/XX/XXXX XX:XXAM)
Still missing signed guaranty agreement. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
XXXX does not belong to the subject transaction. (XXXX)

Response 4 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2135987

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)
attached is the full dec page

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
The agent confirmed the policy only excludes flood and earthquake coverage. What else is needed to satisfy this condition?

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
Attached email from Ins rep

Rebuttal 4 (XX/XX/XXXX XX:XXPM)
XXXX here

Response 1 (XX/XX/XXXX XX:XXAM)
All perils not reflected. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Please provide email from agent that policy includes all perils. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
XXXX reflects full policy provided, which was not received. (XXXX)

Response 4 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2135987

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