Exhibit 99.10 - Schedule 1
| ALT Loan ID | Seller | Loan ID | Seller Loan ID | Investor Loan ID | Queue | Created Date | Last Modified Date | Finding Status | Event Level | Finding Category | Finding Sub Category | Finding Name | Reviewer Comments | Seller Comments | Finding Resolution | Finding Document | Reviewer Comp Factors | Originator Comp Factors | State | Occupancy | Loan Purpose | Refinance Purpose | Unique Finding ID | Acknowledged / Waived By | Waiver in File? | |
| 2137563 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-Housing History Does Not Meet Guideline Requirements In accordance with lender guidelines (Section 3.4.2), DSCR loans for borrowers residing rent-free require a management review and exception. Currently, the audit team is unable to locate the documented approval for this exception in the loan file. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX |
XXXXX.pdf | FICO 744, 84>660 min Subject Mortgage 0x30x12 vs 1x30x12 LTV 67.72%, 7.28 < 75% max LTV |
GA | Investment | Refinance | Cash Out - Other | XXXXXXXXX | Originator Pre-Close | Yes | ||||
| 2199421 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Documentation received, finding resolved - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Please refer title of the landlord, She is a property manager from CCCCC and also find attached information about property manager. - Due Diligence Vendor-XX/XX/XXXX Counter-VOR provided prepared by private individual, lender GL require leases to cover the most recent 12 months period, along with verification of timely payments made, (either canceled checks front and back or bank statements showing account ownership and payments debited by landlord. Only VOR was provided. Finding remains - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Please find attached. - Due Diligence Vendor-XX/XX/XXXX Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing verification of rent for primary residence. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-XX/XX/XXXX |
XXXXX_XXXXX XXXXX XXXXX_XXXXX_XXXXX.pdf XXXXX_XXXXX XXXXX XXXXX_XXXXX_XXXXX.pdf XXXXX_XXXXX XXXXX XXXXX_XXXXX_XXXXX.pdf |
KY | Investment | Refinance | Delayed Financing | XXXXXXXXX | N/A | N/A | |||||
| 2199378 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | The Final 1003 is Missing | Resolved-Documentation received, finding resolved - Due Diligence Vendor-XX/XX/XXXX Ready for Review-please see attached signature page. - Due Diligence Vendor-XX/XX/XXXX Open-Final loan application is missing ., However the file reflects the Signed application without date - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Documentation received, finding resolved - Due Diligence Vendor-XX/XX/XXXX |
XXXXX_1003 - XXXXX_XXXXX_XXXXX.pdf | FL | Investment | Purchase | NA | XXXXXXXXX | N/A | N/A | |||||
| 2199441 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Final HUD/Settlement Statement Not Provided | Resolved-Final Settlement Statement received, finding resolved. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-please see attached - Due Diligence Vendor-XX/XX/XXXX Open-The final HUD/Settlement Statement is missing. The closing statement in file is marked "estimated". - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Final Settlement Statement received, finding resolved. - Due Diligence Vendor-XX/XX/XXXX |
XXXXX_Final XXXXX_XXXXX_XXXXX.pdf | CA | Investment | Refinance | Cash Out - Other | XXXXXXXXX | N/A | N/A | |||||
| 2199437 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Final HUD/Settlement Statement Not Provided | Resolved-Documentation received, finding resolved - Due Diligence Vendor-XX/XX/XXXX Ready for Review-PFA Final SS - Due Diligence Vendor-XX/XX/XXXX Ready for Review-PFA Final SS - Due Diligence Vendor-XX/XX/XXXX Open-The final HUD/Settlement Statement is missing. Settlement Statement in file is marked "estimated". - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Documentation received, finding resolved - Due Diligence Vendor-XX/XX/XXXX |
XXXXX_Final XXXXX_XXXXX_XXXXX.pdf XXXXX_Final XXXXX_XXXXX_XXXXX.pdf |
CA | Investment | Purchase | NA | XXXXXXXXX | N/A | N/A | |||||
| 2199437 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Eligibility | Debt Service Coverage Ratio below guideline minimum | Resolved-Documentation received, finding resolved - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Please review attached documents - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Please review attached documents - Due Diligence Vendor-XX/XX/XXXX Open-Audited DSCR of 0.640 is below guideline minimum of 0.75 Debt Service Coverage Ratio of 0.64% is below guideline minimum of 0.75%. Documentation in the loan file indicates the DSCR was calculated using the lease agreement along with proof of security deposit and 1st month's rent; however, this documentation was not found in file. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Documentation received, finding resolved - Due Diligence Vendor-XX/XX/XXXX |
XXXXX_XXXXX_XXXXX_XXXXX.pdf XXXXX_XXXXX_XXXXX_XXXXX.pdf |
CA | Investment | Purchase | NA | XXXXXXXXX | N/A | N/A | |||||
| 2199434 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Borrower 1 Credit Report is Expired | Waived-Lender provided approved exception dated post consummation and all lender compensating factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-PFA Exception - Due Diligence Vendor-XX/XX/XXXX Ready for Review-PFA Updated Credit Report - Due Diligence Vendor-XX/XX/XXXX Open-Borrower 1 Credit Report is Expired (Greater than 120 days from the Closing Date). - Due Diligence Vendor-XX/XX/XXXX |
Waived-Lender provided approved exception dated post consummation and all lender compensating factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX |
XXXXX_Credit - Credit Report_XXXXX_XXXXX.pdf XXXXX_XXXXX_XXXXX_XXXXX.pdf XXXXX_XXXXX_XXXXX_XXXXX.pdf |
FICO 740 Excess Reserves Excess DSCR |
SC | Investment | Purchase | NA | XXXXXXXXX | Originator Post-Close | No | ||||
| 2194141 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Eligibility | Appraisal Transfer Does Not Meet Guideline Requirements | Resolved-Appraisal Transfer Meets Guideline Requirements - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-Appraisal Transfer Does Not Meet Guideline Requirements. Appraisal invoice was not provided. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Appraisal Transfer Meets Guideline Requirements - Due Diligence Vendor-XX/XX/XXXX |
XXXXX.pdf | FL | Primary Residence | Purchase | NA | XXXXXXXXX | N/A | N/A | |||||
| 2194141 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Missing Doc | HPML: Most Recent Primary Appraisal Not Provided to Applicant | Resolved-HPML Compliant: Evidence provided of delivery of most recent primary appraisal to applicant. Lender provided documentation of when the updated appraisal was viewed. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Seller-XX/XX/XXXX Open-HPML Non-Compliant: Most Recent Primary Appraisal Not Provided to Applicant. HPML: Most Recent Primary Appraisal Date of XX/XX/XXXX is after the Primary Appraisal Delivery Date of XX/XX/XXXX. - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. - Seller-XX/XX/XXXX |
Resolved-HPML Compliant: Evidence provided of delivery of most recent primary appraisal to applicant. Lender provided documentation of when the updated appraisal was viewed. - Due Diligence Vendor-XX/XX/XXXX |
XXXXX appraisal.pdf | FL | Primary Residence | Purchase | NA | XXXXXXXXX | N/A | N/A | ||||
| 2194141 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Missing Doc | ECOA: Most Recent Primary Appraisal Not Provided to Applicant | Resolved-ECOA Compliant: Evidence provided of delivery of most recent primary appraisal to applicant. Lender provided documentation of when the updated appraisal was viewed. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-ECOA Non-Compliant: Most Recent Primary Appraisal Not Provided to Applicant. ECOA: Most Recent Primary Appraisal Date of XX/XX/XXXX is after the Primary Appraisal Delivery Date of XX/XX/XXXX. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-ECOA Compliant: Evidence provided of delivery of most recent primary appraisal to applicant. Lender provided documentation of when the updated appraisal was viewed. - Due Diligence Vendor-XX/XX/XXXX |
XXXXX appraisal.pdf | FL | Primary Residence | Purchase | NA | XXXXXXXXX | N/A | N/A | |||||
| 2199435 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Missing Doc | Final HUD-1 Document is Missing | Resolved-Documentation received, finding resolved - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Please see Attached Final HUD - Due Diligence Vendor-XX/XX/XXXX Open-Final HUD-1 Document is Missing Settlement Statement in file is marked "estimated". - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Documentation received, finding resolved - Due Diligence Vendor-XX/XX/XXXX |
XXXXX_Final XXXXX_XXXXX_XXXXX.pdf | CA | Investment | Refinance | Cash Out - Other | XXXXXXXXX | N/A | N/A | |||||
| 2194147 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-XX/XX/XXXX Open-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-XX/XX/XXXX |
Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-XX/XX/XXXX |
CA | Primary Residence | Purchase | NA | XXXXXXXXX | Investor Post-Close | No | ||||||
| 2194147 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Tolerance:Disclosure | Federal - Closing Disclosure and Consummation Date | Resolved-Lender provided initial CD and COC and proof of receipt. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-The Initial Closing Disclosure Received Date of (XX/XX/XXXX) is not three business days before the consummation date of (XX/XX/XXXX). Three business days before the consummation date is (XX/XX/XXXX). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction no later than three business days before consummation. (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii)) Missing initial Closing Disclosure. Compliance will be re-reviewed upon receipt of the initial LCD. Additional conditions may apply. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Lender provided initial CD and COC and proof of receipt. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX |
XXXXX XXXXX XXXXX.pdf XXXXX XXXXX.pdf XXXXX XXXXX CD.pdf |
CA | Primary Residence | Purchase | NA | XXXXXXXXX | N/A | N/A | |||||
| 2194147 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | TRID Tolerance | Insufficient Change of Circumstance (50001252) | Resolved-Lender provided initial CD and COC and proof of receipt. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Seller-XX/XX/XXXX Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). - Due Diligence Vendor-XX/XX/XXXX Open-The Loan Estimate, dated XX/XX/XXXX, reflects a 0.01% of Loan Amount (Points) of $X,XXX.XX. Final CD dated XX/XX/XXXX reflects a 0.01% of Loan Amount (Points) of $X,XXX.XX. The loan file did not contain a valid COC to support the increase. No evidence of a tolerance cure was provided in file. A tolerance cure of $X,XXX.XX is required. Provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. - Seller-XX/XX/XXXX |
Resolved-Lender provided initial CD and COC and proof of receipt. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX |
XXXXX XXXXX XXXXX.pdf XXXXX XXXXX.pdf XXXXX XXXXX CD.pdf |
CA | Primary Residence | Purchase | NA | XXXXXXXXX | N/A | N/A | ||||
| 2194147 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | TRID Tolerance | Charges That Cannot Increase Test (50001251) | Resolved-Lender provided initial CD and COC and proof of receipt. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Seller-XX/XX/XXXX Open-The Loan Estimate, dated XX/XX/XXXX, reflects a 0.01% of Loan Amount (Points) of $X,XXX.XX. Final CD dated XX/XX/XXXX reflects a 0.01% of Loan Amount (Points) of $X,XXX.XX. The loan file did not contain a valid COC to support the increase. No evidence of a tolerance cure was provided in file. A tolerance cure of $X,XXX.XX is required. Provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. - Due Diligence Vendor-XX/XX/XXXX Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. - Seller-XX/XX/XXXX |
Resolved-Lender provided initial CD and COC and proof of receipt. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX |
XXXXX XXXXX.pdf XXXXX XXXXX XXXXX.pdf XXXXX XXXXX CD.pdf |
CA | Primary Residence | Purchase | NA | XXXXXXXXX | N/A | N/A | ||||
| 2196775 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Final HUD/Settlement Statement Not Provided | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-The final HUD/Settlement Statement is missing. Please note that only the estimated refinance statement is currently in the file. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-XX/XX/XXXX |
Final XXXXX Statement (39).pdf | FL | Investment | Refinance | Cash Out - Other | XXXXXXXXX | N/A | N/A | |||||
| 2194155 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is greater than Guideline Maximum Loan Amount | Waived-Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Audited Loan Amount of $X,XXX.XX is greater than the Guideline Maximum Loan Amount of $XXXXXX - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-Audited Loan Amount of $X,XXX.XX is greater than the Guideline Maximum Loan Amount of $3000000 - Due Diligence Vendor-XX/XX/XXXX |
Waived-Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX |
XXXXX.pdf | FICO of 753 less than min 680 LTV of 32% lower than max 65% DTI of 13% is lower than max 55% 60 months of reserves greater than 12 months required Self employed 11 years vs 2 yr min. |
FL | Primary Residence | Refinance | Cash Out - Other | XXXXXXXXX | Originator Pre-Close | Yes | ||||
| 2196778 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Hazard Insurance Policy is Missing | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-Annual premium not to exceed $X,XXX.XX - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-XX/XX/XXXX |
XXXXX.pdf | NJ | Investment | Refinance | Cash Out - Other | XXXXXXXXX | N/A | N/A | |||||
| 2196779 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Audited Reserves of 19.54 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-XX/XX/XXXX Resolved-Lender provided documentation for required reserves - Due Diligence Vendor-XX/XX/XXXX Counter-Total verified assets $XXXXX minus funds to close $XXXXXX minus required reserves $XXXXX = $XXXXX - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Audited Reserves of 19.54 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-XX/XX/XXXX Resolved-Lender provided documentation for required reserves - Due Diligence Vendor-XX/XX/XXXX |
Assets.pdf | CA | Primary Residence | Refinance | Cash Out - Other | XXXXXXXXX | N/A | N/A | |||||
| 2196779 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Assets | Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount | Resolved-Lender provided required documentation for reserves. - Due Diligence Vendor-XX/XX/XXXX Counter-Total verified assets $XXXXX minus funds to close $XXXXX minus required reserves $XXXXX = $XXXX - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-Total Qualified Assets for Reserves Post-Close of $0 is less than Total Required Reserve Amount of $XXXXX - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Lender provided required documentation for reserves. - Due Diligence Vendor-XX/XX/XXXX |
Assets.pdf | CA | Primary Residence | Refinance | Cash Out - Other | XXXXXXXXX | N/A | N/A | |||||
| 2196779 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Property | Appraisal | Appraisal is Expired | Resolved-Primary Value Appraisal is Not Expired Or Primary Valuation Does Not Exist - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-Primary Value Appraisal is Expired - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Primary Value Appraisal is Not Expired Or Primary Valuation Does Not Exist - Due Diligence Vendor-XX/XX/XXXX |
XXXXX #2.pdf XXXXX #1.pdf |
CA | Primary Residence | Refinance | Cash Out - Other | XXXXXXXXX | N/A | N/A | |||||
| 2196774 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-Housing History Does Not Meet Guideline Requirements In accordance with lender guidelines (Section 3.4.2), DSCR loans for borrowers residing rent-free require management review and exception. Currently, the audit team is unable to locate the documented approval for this exception in the loan file. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX |
XXXXX.pdf | FICO 723, 43 points>680 Min Reserves 20 mo, 17>6 mo req LTV 75, 5<80 max allowed |
TX | Investment | Purchase | NA | XXXXXXXXX | Originator Pre-Close | Yes | ||||
| 2196771 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Missing Doc | Invoice - Missing or Incomplete | Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-Invoice - Missing or Incomplete. Audit could not verify appraisal fee totaling $830 due to missing invoice. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Documentation provided. Finding Resolved. - Due Diligence Vendor-XX/XX/XXXX |
XXXXX.pdf | SC | Investment | Purchase | NA | XXXXXXXXX | N/A | N/A | |||||
| 2196776 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-Housing History Does Not Meet Guideline Requirements In accordance with lender guidelines (Section 3.4.2), DSCR loans for borrowers residing rent-free require management review and exception. Currently, the audit team is unable to locate the documented approval for this exception in the loan file. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX |
XXXXX.pdf | DSCR 1.0216>1 req Reserves 227 mo, 221>6 mo req FICO 708, 8>700 min |
PA | Investment | Purchase | NA | XXXXXXXXX | Originator Pre-Close | Yes | ||||
| 2196777 | XXXXX | XXXXXXXXX | XXXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-Housing History Does Not Meet Guideline Requirements Per lender guidelines section 5.6.1.5, a private party verification of rent (VOR) requires 12 months of canceled checks. Because the provided VOR indicates the borrowers pay rent in cash, this guideline is not met. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX |
XXXXX.pdf | FICO 710>10>700 min DSCR 0.87, .12>0.75 min Res 26 mo, 14 mo>12 mo min |
NV | Investment | Refinance | Cash Out - Other | XXXXXXXXX | Originator Pre-Close | Yes | ||||