Exhibit 99.14
| 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? |
| XXX XXX | XXXX | 414003 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited CLTV Exceeds Guideline CLTV | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited CLTV of 75% exceeds Guideline CLTV of 70% Proposed LTV of 75% exceeds GL policy of 70% for a purchase transaction based upon projections. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited CLTV of 75% exceeds Guideline CLTV of 70% Proposed LTV of 75% exceeds GL policy of 70% for a purchase transaction based upon projections. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
FICO Credit History Borrower industry experience |
XXXXX | Other | NA | XXXX | Originator Pre-Close | Yes | |||||
| XXX XXX | XXXX | 414003 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited LTV of 75% exceeds Guideline LTV of 70% Proposed LTV of 75% exceeds GL policy of 70% for a purchase transaction based upon projections. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited LTV of 75% exceeds Guideline LTV of 70% Proposed LTV of 75% exceeds GL policy of 70% for a purchase transaction based upon projections. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
FICO Credit History Borrower industry experience |
XXXXX | Other | NA | XXXX | Originator Pre-Close | Yes | |||||
| XXX XXX | XXXX | 898618 | Closed | XX/XX/XXXX | XX/XX/XXXX | Acknowledged | 3 - Material | Credit | Eligibility | Commercial Debt Service Coverage Ratio below guideline minimum | Acknowledged-Unable to Resolve-Audit used projections to calculate the DSCR based on the most recent P&L in file, however the lender used the wrong expenses for the borrower which resulted in a global DSCR below the minimum. - Due Diligence Vendor-XX/XX/XXXX Acknowledged-Unable to Resolve-The finding is acknowledged and will be graded a C or material. - Due Diligence Vendor-XX/XX/XXXX Counter-The difference is due to the living expenses, $X,XXX.XX was used but the borrower has a wife and three children so $X,XXX.XX should have been used. - Due Diligence Vendor-XX/XX/XXXX Ready for Review- • If you look at the business debt schedule, we did include credit cards and HELOC. That’s why the monthly payment is $X,XXX.XX, which is also on the cash flow. • FY XXXX (XX/XX/XXXX) is attached. Did you use the 1st column that has 4/XXXX-3/XXXX, not the 2nd column which is 4/XXXX-3/XXXX? Also, FY XXXX is fiscal year end XX/XX/XXXX. The 1.04x is FY XXXX (FYE XX/XX/XXXX). - Buyer-XX/XX/XXXX Counter-Looking at the calculations, it appears your FY XXXX calculations did not include the business credit card and HELOC payments. Our figures match for the most part but we ended up with a Global DSCR of 0.751 off the P&L and the same 1.04 as you of the XXXX tax returns. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Underwriting specifically states that the company's year end is XX/XX/XXXX. Therefore XX/XX/XXXX is a fiscal year for the company and since that is above the 1.15 policy there is no exception needed. 1.04 is for FYE XXXX. - Buyer-XX/XX/XXXX Open-Commercial Debt Service Converge Ratio of 1.044 is below guideline minimum of 1.15. Lender provided calculation based on FY ending XX/XX/XXXX with DSCR of 1.26 as a compensating factor but no formal exception was noted. - Due Diligence Vendor-XX/XX/XXXX |
XXX XXX feels the cash flows as presented are reasonable and supportable. Variance for revenues (less than 1%), COGS (38% vs 35%) or SG&A are either nominal or the variance explained. The loan also offers multiple mitigants even with a difference of opinion on the cash flow. The guarantor has a FICO of 804, over 7 years of continuous operations, the loan is a purchase transaction which stabilizes future occupancy costs and has substantial commitment from the guarantor with $X,XXX.XXm of injection into the Project. In addition, the property provides outside 3rd party tenant income on the space not utilized by the operating company, that substantially offsets the loan payment. - XX/XX/XXXX |
Acknowledged-Unable to Resolve-Audit used projections to calculate the DSCR based on the most recent P&L in file, however the lender used the wrong expenses for the borrower which resulted in a global DSCR below the minimum. - Due Diligence Vendor-XX/XX/XXXX Acknowledged-Unable to Resolve-The finding is acknowledged and will be graded a C or material. - Due Diligence Vendor-XX/XX/XXXX |
XXXXX | Other | Purchase | NA | XXXX | Originator Post-Close | No | ||||
| XXX XXX | XXXX | 339702 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Borrower 1 Credit Report is Incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Borrower 1 Credit Report is Partially Present. Lender Guideline requires FICO scores from all major credit bureaus (XXXXXXX, XXXXXXXXXX and XXXXXXXX). Despite this requirement FICO score from XXXXXXXX is missing on credit report. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Borrower 1 Credit Report is Partially Present. Lender Guideline requires FICO scores from all major credit bureaus (XXXXXXX, XXXXXXXXXX and XXXXXXXX). Despite this requirement FICO score from XXXXXXXX is missing on credit report. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low Collateral LTV Guarantor Support/Liquidity |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXX XXX | XXXX | 117180 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited LTV of 70% exceeds Guideline LTV of 65% . Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited LTV of 70% exceeds Guideline LTV of 65% . Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Guarantor Support/Liquidity Company Financial Strength |
XXXXX | Other | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXX XXX | XXXX | 168719 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Commercial Debt Service Coverage Ratio below guideline minimum | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Converge Ratio of 1.1 is below guideline minimum of 1.15. A lender exception dated prior to consummation was provided and all lender compensating factors have been documented and validated, the exception was approved with a calculated DCR of 0.91. and calculated DSCR is 1.1 - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Converge Ratio of 1.1 is below guideline minimum of 1.15. A lender exception dated prior to consummation was provided and all lender compensating factors have been documented and validated, the exception was approved with a calculated DCR of 0.91. and calculated DSCR is 1.1 - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Company Financial Strength |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXX XXX | XXXX | 758361 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 539 is less than Guideline FICO of 600 Lender requires a min FICO of 600 per program guidelines; despite this requirement the qualifying FICO is 539. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 539 is less than Guideline FICO of 600 Lender requires a min FICO of 600 per program guidelines; despite this requirement the qualifying FICO is 539. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
1) Adequate Fico scores two Guarantors 2) operating company's sufficient global repayment ability 3) Increasing sales trend 4) 27 years of combined industry experience 5) T/D XXX loan is fully secured at an LTV of 51.57%. |
XXXXX | Other | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXX XXX | XXXX | 758361 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited CLTV Exceeds Guideline CLTV | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited CLTV of 94.18% exceeds Guideline CLTV of 93%. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited CLTV of 94.18% exceeds Guideline CLTV of 93%. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
1) appraised valuation of $X,XXX.XXM reflects a CLTV of 92.81%, which is within XXXXX credit policy. 2) operating company's sufficient global repayment ability 3) Increasing sales trend 4) 27 years of combined industry experience 5) T/D XXX loan is fully secured at an LTV of 51.57%. |
XXXXX | Other | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXX XXX | XXXX | 412061 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Commercial Debt Service Coverage Ratio below guideline minimum | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-The credit policy states: "DSCR may be based upon reasonable projections if all other credit factors are positive." - Buyer-XX/XX/XXXX Open-Commercial Debt Service Coverage Ratio of -0.342 is below guideline minimum of 1.15. Lender approved loan based on XXXX projections - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXXX Credit Approval Memorandum.pdf | Future projections represent a qualifying DSCR Low LTV of 35.2% Longevity of the operating business |
XXXXX | Other | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXX XXX | XXXX | 724255 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Commercial Debt Service Coverage Ratio below guideline minimum | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-The calculated DSCR is -1.50x based on the appraisal's Year 1 projection ending July XXXX. The appraisal assumes occupancy improves over time, with stabilization projected at 70.0% occupancy and Year 2 NOI increasing to $X,XXX.XXM. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-The calculated DSCR is -1.50x based on the appraisal's Year 1 projection ending July XXXX. The appraisal assumes occupancy improves over time, with stabilization projected at 70.0% occupancy and Year 2 NOI increasing to $X,XXX.XXM. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low Collateral LTV Guarantor Support/Liquidity |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXX XXX | XXXX | 900540 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is greater than Guideline Maximum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is greater than the Guideline Maximum Loan Amount of $X,XXX.XX. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is greater than the Guideline Maximum Loan Amount of $X,XXX.XX. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
1) Low Collateral LTV 2) Strong DSCR 3) Guarantor Support/Liquidity |
XXXXX | Other | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXX XXX | XXXX | 900540 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing Guaranty Agreement - Borrower 1 | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Missing Guaranty Agreement for Borrower 1. Lender guideline required a personal Guaranty for all individuals owning 20% or more of the operating company or 20% or more of the subject property. Despite this requirement Guaranty Agreement is missing for the Co-Guarantors as reflected on the entity documents. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Missing Guaranty Agreement for Borrower 1. Lender guideline required a personal Guaranty for all individuals owning 20% or more of the operating company or 20% or more of the subject property. Despite this requirement Guaranty Agreement is missing for the Co-Guarantors as reflected on the entity documents. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
1) Low LTV 2) Strong DSCR 3) Guarantor Support/Liquidity |
XXXXX | Other | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXX XXX | XXXX | 228806 | Closed | XX/XX/XXXX | XX/XX/XXXX | Acknowledged | 3 - Material | Credit | Eligibility | Commercial Debt Service Coverage Ratio below guideline minimum | Acknowledged-Unable to Resolve-Audit used the same bank statements the lender did however we backed out the transfers between the two accounts while the lender left the transfers in their income calculation. - Due Diligence Vendor-XX/XX/XXXX Acknowledged-Unable to Resolve-The finding is acknowledged and will be graded a C or material. - Due Diligence Vendor-XX/XX/XXXX Open-Commercial Debt Service Converge Ratio of 0.9 is below guideline minimum of 1.15. Audit is not able to determine the source of the lender calculations however it appears that transfers between accounts were not deducted from the gross deposits. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. From the CAM: “XXXXX XXXXXX XXX's bank statement activity was reviewed utilizing both business and personal operating accounts, as management advised that approximately 75% of business revenue ($X,XXX.XXM) is deposited directly into XXXXX' personal account through XXXXX payments for services rendered and booth rental collections, while the business account primarily receives cash-based service revenue and rental-related deposits ($X,XXX.XXM). ” Attached above the 12 months of bank statements for the two accounts we took into account. This is a bank statement loan, so we utilized the bank statements combined annual credits and factored XXXXX %’s for total expenses and COGS. Unsure where the deficient DSCR is coming from as the fixed rate at the time of funding seems to have decreased from the spreads at underwriting. - Buyer-XX/XX/XXXX |
XXXXX Statement Program utilizes the company’s most recent 12 months of bank statements to derive the revenue of the operating company. The borrower has provided business bank statements for XXXXX XXXXXX XXX from August XXXX to July XXXX. The combined credits reflect $X,XXX.XX for XXXXX XXXXXX XXX. XXXXX XXXXXX XXX's bank statement activity was reviewed utilizing both business and personal operating accounts, as management advised that approximately 75% of business revenue ($X,XXX.XXM) is deposited directly into XXXXX' personal account through XXXXX payments for services rendered and booth rental collections, while the business account primarily receives cash-based service revenue and rental-related deposits ($X,XXX.XXM). When viewed on a combined basis, deposits remained recurring throughout the August XXXX through July XXXX period and exhibited fluctuations that are consistent with the nature of a beauty salon operation. Changes in monthly deposit volumes appear driven by ordinary business cycles, customer traffic, service demand, and deposit timing. Fluctuations do not appear indicative of operational instability as elevated revenue months have historically offset slower periods throughout the review period. There is also no sustained downward trend in deposits, with higher-revenue months offsetting weaker months and with monthly credits remaining generally consistent and demonstrating the company's ongoing ability to generate revenue. XXX XXX utilized bank statements to arrive at revenue and factored XXXXX %’s for total expenses and COGS. - XX/XX/XXXX |
Acknowledged-Unable to Resolve-Audit used the same bank statements the lender did however we backed out the transfers between the two accounts while the lender left the transfers in their income calculation. - Due Diligence Vendor-XX/XX/XXXX Acknowledged-Unable to Resolve-The finding is acknowledged and will be graded a C or material. - Due Diligence Vendor-XX/XX/XXXX |
12 mth bk state.pdf 12 mth bk stat 2nd.pdf |
XXXXX | Other | Purchase | NA | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 119491 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Hazard Insurance Policy is Partial | Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-Hazard Insurance Policy Partially Provided Lender guidelines require evidence of L&O coverage and a minimum deductible. Despite this requirement, no L&O coverage and no deductible information was noted. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-Hazard Insurance Policy Partially Provided Lender guidelines require evidence of L&O coverage and a minimum deductible. Despite this requirement, no L&O coverage and no deductible information was noted. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
1) Seasoned Investor | XXXXX | Other | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 119491 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Borrower 1 Credit Report is Incomplete | Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-Borrower 1 Credit Report is Partially Present. Credit report was pulled with incorrect DOB, per the documentation provided in the loan file. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-Borrower 1 Credit Report is Partially Present. Credit report was pulled with incorrect DOB, per the documentation provided in the loan file. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
1) Property Condition | XXXXX | Other | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 119491 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing VOM or VOR | Waived-This finding is non-material and will be rated a B grade - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Lender guidelines require a 12 month pay history for any mortgage held by a private lender. Despite this requirement, no pay history was provided for the subject property. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-This finding is non-material and will be rated a B grade - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Lender guidelines require a 12 month pay history for any mortgage held by a private lender. Despite this requirement, no pay history was provided for the subject property. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
1) Property Condition | XXXXX | Other | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 642850 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Assets | Insufficient asset documentation in file - assets do not cover closing costs | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. exception noted on uploaded approval - Buyer-XX/XX/XXXX Open-Insufficient asset documentation in file - assets do not cover closing costs. Verified assets of $X,XXX.XX less cash to close of $X,XXX.XX in $X,XXX.XX shortage of funds to close. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 726053 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Delinquent Credit History Does Not Meet Guideline Requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Delinquent Credit History Does Not Meet Guideline Requirement., GL allows 30*1 late payments., However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Delinquent Credit History Does Not Meet Guideline Requirement., GL allows 30*1 late payments., However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Other | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 167176 | Closed | XX/XX/XXXX | XX/XX/XXXX | Acknowledged | 3 - Material | Property | Property Issue | Property Condition Does Not Meet Requirements | Acknowledged-The finding is acknowledged and will be graded a C or material. - Due Diligence Vendor-XX/XX/XXXX Unable to Resolve-Unable to Resolve-50% LTV. Appraisal made as-is and the property condition is considered in the value/LTV.XXX completed a 90-day, $X,XXX.XX holdback to replace roof and obtain a roof cert and mold cert. The borrower provided an LOE commiting to use cash-out proceeds to complete the remaining repairs. XXX hasn't confirmed the status of repairs, but expects the roof/mold cert to be completed within the holdback period and the borrower is expected to complete the remaining repairs per their LOE. - Buyer-XX/XX/XXXX Open-Property Condition Does Not Meet Requirements. The property is in C5 condition. The subject features obvious deferred maintenance and is in need of some significant repairs. At the time of inspection evidence of water damage was noted on the ceilings and walls of all bedrooms and the bathroom. Damage and deterioration were also noted on the rear exterior of the dwelling including damaged exterior wood components and areas of exposed subsurface. The estimated costs to cure the observed conditions is $X,XXX.XX. - Due Diligence Vendor-XX/XX/XXXX |
Acknowledged-The finding is acknowledged and will be graded a C or material. - Due Diligence Vendor-XX/XX/XXXX |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||||
| XXXXXXXX XXXXXX | XXXX | 167176 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX . The lender provided an exception dated prior to consummation, but the compensating factor of low LTV is not valid as the loan was approved at the maximum for the documentation type. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 538783 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 521 is less than Guideline FICO of 650 . - Due Diligence Vendor-XX/XX/XXXX |
Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 521 is less than Guideline FICO of 650 . - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Property Condition |
XXXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 538783 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing VOM or VOR | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected uploaded - Seller-XX/XX/XXXX Counter-Exception was made for the late payments on the primary, but no exception was made for the missing pay history on the subject. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Lender guidelines require a 12 month pay history for any mortgage held by a private lender. Despite this requirement, no pay history was provided for the subject property. - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. Corrected uploaded - Seller-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
VOM - XXX X.pdf XXX Loan Approval Form-XXXX - XXXXX.pdf |
Low LTV | XXXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Post-Close | No | ||
| XXXXXXXX XXXXXX | XXXX | 538783 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Delinquent Credit History Does Not Meet Guideline Requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Counter-The policy exception was made for the FICO score, but the finding is for the late payments exceed the guideline maximum. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval - Seller-XX/XX/XXXX Open-Delinquent Credit History Does Not Meet Guideline Requirements Lender guidelines allow mortgage lates of no more than 1x30x3 days or 0x60x24 on any mortgage. Despite this requirement, there are more than 2 30 days lates have been reported on the credit report - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. Exception noted on uploaded approval - Seller-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Low LTV | XXXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Post-Close | No | ||
| XXXXXXXX XXXXXX | XXXX | 458842 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 614 is less than Guideline FICO of 650 Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 614 is less than Guideline FICO of 650 Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong DCR Seasoned Business |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 860020 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX Lender provided approved exception dated prior to consummation. The LTV was disclosed as a compensating factor; however, LTV is not a valid compensating factor on a Fast 50 loan. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 769378 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Debt Service Coverage Ratio below guideline minimum | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Debt Service Coverage Ratio of 0.73 is below guideline minimum of 1.20. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Debt Service Coverage Ratio of 0.73 is below guideline minimum of 1.20. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor Low LTV |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 714071 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Commercial Debt Service Coverage Ratio below guideline minimum | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Coverage Ratio of 1.048 is below guideline minimum of 1.25. A lender exception dated prior to consummation was provided and all lender compensating factors have been documented and validated but the exception was approved with a calculated DCR of 0.90, however calculated DSCR 1.048 is greater. Lender used incorrect annual taxes and insuranc in calculation. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Coverage Ratio of 1.048 is below guideline minimum of 1.25. A lender exception dated prior to consummation was provided and all lender compensating factors have been documented and validated but the exception was approved with a calculated DCR of 0.90, however calculated DSCR 1.048 is greater. Lender used incorrect annual taxes and insuranc in calculation. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Business Strong Marketing Trends |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 602103 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower currently staying in rent free verified from Pg#326. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower currently staying in rent free verified from Pg#326. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | ||||
| XXXXXXXX XXXXXX | XXXX | 602103 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Commercial Debt Service Coverage Ratio below guideline minimum | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Coverage Ratio of 1.196 is below guideline minimum of 1.2. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Coverage Ratio of 1.196 is below guideline minimum of 1.2. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong reserves | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 662999 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Trade line count does not meet program requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Trade line count does not meet program requirements. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Trade line count does not meet program requirements. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Marketing Trends Seasoned Business |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 662999 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO is less than Guideline FICO. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO is less than Guideline FICO. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Marketing Trends Seasoned Business |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 506220 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Rent Free LOE provided. Lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Rent Free LOE provided. Lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves & Seasoned Business | XXXXX | Other | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 506672 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Corrected Uploaded - Seller-XX/XX/XXXX Counter-Strong reserves were listed as a compensating factor but the finding it for reserves short of the requirement. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Audited Reserves of 2.34 month(s) are less than Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Exception noted on uploaded approval - Seller-XX/XX/XXXX Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 3 month(s) Audited Reserves of 0 months are less than Guideline Required Reserves of 3 months. Provide verification of asset balance as stated on the loan approval. - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Corrected Uploaded - Seller-XX/XX/XXXX Ready for Review-Exception noted on uploaded approval - Seller-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
High FICO | XXXXX | Investment | Purchase | NA | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 506672 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Assets | Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Correced Uploaded - Buyer-XX/XX/XXXX Counter-Strong reserves were listed as a compensating factor but the finding it for reserves short of the requirement. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Total Qualified Assets for Reserves Post-Close of $X,XXX.XX is less than Total Required Reserve Amount of $X,XXX.XX - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Exception noted on uploaded approval for no reserves FT investor - Buyer-XX/XX/XXXX Open-Total Qualified Assets for Reserves Post-Close of $X,XXX.XX is less than Total Required Reserve Amount of $X,XXX.XX Provide verification of asset balance as stated on the loan approval. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | High FICO | XXXXX | Investment | Purchase | NA | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 506672 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited LTV of 70% exceeds Guideline LTV of 65% Borrower is a first time investor, 5% LTV reduction applied. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited LTV of 70% exceeds Guideline LTV of 65% Borrower is a first time investor, 5% LTV reduction applied. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated - Due Diligence Vendor-XX/XX/XXXX |
High FICO score | XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 506672 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing VOM or VOR | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
High FICO | XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 453912 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited LTV of 75% exceeds Guideline LTV of 70% . Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited LTV of 75% exceeds Guideline LTV of 70% . Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves Seasoned business |
XXXXX | Other | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 686386 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 620 is less than Guideline FICO of 650 . However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 620 is less than Guideline FICO of 650 . However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Seasoned business |
XXXXX | Other | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 751115 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower currently staying in rent free. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower currently staying in rent free. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 509465 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 648 is less than Guideline FICO of 650 , However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 648 is less than Guideline FICO of 650 , However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned investor | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 509465 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Open Collection Account | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-There are open Collection items which have yet to be paid. Documentation in file reports collections in excess of $X,XXX.XX maximum not paid at close. Lender provided approved exception fated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-There are open Collection items which have yet to be paid. Documentation in file reports collections in excess of $X,XXX.XX maximum not paid at close. Lender provided approved exception fated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned investor | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 586389 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Commercial Debt Service Coverage Ratio below guideline minimum | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Coverage Ratio of 0.82 is below guideline minimum of 1 - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Coverage Ratio of 0.82 is below guideline minimum of 1 - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Seasoned Business |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 586389 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. For subject, no proof of pmt for XX/XX. Comp factor: Payoff demand shows next payment due on XX/XX/XXXX - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. For subject, no proof of pmt for XX/XX. Comp factor: Payoff demand shows next payment due on XX/XX/XXXX - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Seasoned Business |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 137415 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Closing | Borrower 1 Photo ID is expired | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-XX/XX/XXXX Open-Borrower photo ID expiration date is XX/XX/XXXX and note is dated XX/XX/XXXX. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 137415 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 627 is less than Guideline FICO of 650. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 627 is less than Guideline FICO of 650. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Marketing Trends Low LTV |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 980927 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Borrower 1 Credit Report is Expired | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Credit report Extension through XX/XX/XXXX However Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Credit report Extension through XX/XX/XXXX However Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 980927 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower living in rent free However Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower living in rent free However Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 980927 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Seasoning Requirements Not Met | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Property Purchased on XX/XX/XXXX which is less than 12 months. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Property Purchased on XX/XX/XXXX which is less than 12 months. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 394672 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Seasoning Requirements Not Met | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-XX/XX/XXXX Counter-Deed in file shows the property was acquired on XX/XX/XXXX along with 3 other properties. The appraisal shows the borrower paid $X,XXX.XX for all four properties, but there is nothing in file shows how much of that was for the subject property. We need either documentation to show the acquisition price of the property or an exception to use the current appraised value. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Not applicable to XXX loans - Buyer-XX/XX/XXXX Open-The subject loan was refinanced recently. Per lender's guidelines, a frequent refinance with less than 12 months seasoning is not allowed. A refinance occurred within the last 2 months. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 682717 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-materail. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 626 is less than Guideline FICO of 650. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-materail. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 626 is less than Guideline FICO of 650. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 425351 | Closed | XX/XX/XXXX | XX/XX/XXXX | Acknowledged | 3 - Material | Property | Property Issue | Property Condition Does Not Meet Requirements | Acknowledged-The finding is acknowledged and will be graded a C or material. - Due Diligence Vendor-XX/XX/XXXX Unable to Resolve-Unable to Resolve-56.17% LTV. Purchase transaction. Appraisal made as-is and the property condition is considered in the value/LTV. XXX expects the borrower to complete the necessary repairs prior to occupancy. XXX was further comforted by the low LTV and the borrower's investor experience. - Buyer-XX/XX/XXXX Open-Property Condition Does Not Meet Requirements. The property is listed in Fair condition by the appraiser who noted damaged siding, rear soffit, worn interior floor coverings, walls and ceilings, broken first floor window and a water leak in the basement. No repair escrow was noted on the final HUD-1 - Due Diligence Vendor-XX/XX/XXXX |
Acknowledged-The finding is acknowledged and will be graded a C or material. - Due Diligence Vendor-XX/XX/XXXX |
XXXXX | Investment | Purchase | NA | XXXX | Originator Post-Close | No | |||||
| XXXXXXXX XXXXXX | XXXX | 972489 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Hazard Insurance Policy is Partial | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Hazard insurance does not meet guideline requirements. Guideline requires policy premium to be paid in full at close; however, the policy premium is paid on a payment plan. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Hazard insurance does not meet guideline requirements. Guideline requires policy premium to be paid in full at close; however, the policy premium is paid on a payment plan. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor | XXXXX | Other | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 304692 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Commercial Debt Service Coverage Ratio below guideline minimum | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Commercial Debt Service Coverage Ratio of .957 is below guideline minimum of 1.0 for an owner user purchase transaction. Lender provided an approved exception citing strong reserves as the compensating factor, but updated asset documentation was not provided to support. Additional conditions may apply upon receipt of the required documentation. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | High FICO | XXXXX | Other | Purchase | NA | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 422519 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Ineligible Property Type | Waived-The subject property fails rural guideline requirements. An exception was granted prior to consummation and all compensating factors have been validated. - Due Diligence Vendor-XX/XX/XXXX Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
Waived-The subject property fails rural guideline requirements. An exception was granted prior to consummation and all compensating factors have been validated. - Due Diligence Vendor-XX/XX/XXXX Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
Strong Marketing Trends Low LTV |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 863661 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX As per G/L loan amount is not with Minimum loan amount - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX As per G/L loan amount is not with Minimum loan amount - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 940468 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 648 is less than Guideline FICO of 650 Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 648 is less than Guideline FICO of 650 Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Marketing Trends Seasoned Investor |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 753046 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Commercial Debt Service Coverage Ratio below guideline minimum | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Commercial Debt Service Coverage Ratio of .565 is below guideline minimum of 1.25. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. Lender did comment on the loan approval that the original calculated DSCR was 0.7 but it appears that the lender only used the first half of the annual property taxes. Provide an updated loan approval to clear the condition. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | High FICO Strong reserves |
XXXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 433700 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Marketing Trends | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 433700 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 640 is less than Guideline FICO of 650. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 640 is less than Guideline FICO of 650. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Marketing Trends | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 243561 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Commercial Debt Service Coverage Ratio below guideline minimum | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Coverage Ratio of .957 is below guideline minimum of 1.2. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Coverage Ratio of .957 is below guideline minimum of 1.2. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves High FICO |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 243561 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited LTV of 75% exceeds Guideline LTV of 70% Guidelines require a 5% LTV reduction for First Time Investors. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited LTV of 75% exceeds Guideline LTV of 70% Guidelines require a 5% LTV reduction for First Time Investors. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO Strong reserves |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 950407 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-XX/XX/XXXX Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing verification of the mortgage on the subject property. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX (1).pdf | Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 950407 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non=material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 604 is less than Guideline FICO of 650 , however, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non=material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 604 is less than Guideline FICO of 650 , however, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Marketing Trends. | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 608845 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX. The lender provided an exception however the compensating factor of low LTV is not valid. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 584342 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Uploaded - Buyer-XX/XX/XXXX Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing verification of Mortgage for borrower's primary residence. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | High FICO | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 171417 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Commercial Debt Service Coverage Ratio below guideline minimum | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Coverage Ratio of 0.935 is below guideline minimum of 1.00 for a Traditional 1 Owner User property. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Coverage Ratio of 0.935 is below guideline minimum of 1.00 for a Traditional 1 Owner User property. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Other | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 956350 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing VOM or VOR | Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Missing verification of housing payment history for the subject property and the primary residence. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Missing verification of housing payment history for the subject property and the primary residence. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Marketing Trends | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 137019 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing VOM or VOR | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-XX/XX/XXXX Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. VOR is missing for borrower's primary residence. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | High FICO | XXXXX | Investment | Purchase | NA | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 207694 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 620 is less than Guideline FICO of 650 However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 620 is less than Guideline FICO of 650 However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 207694 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Commercial Debt Service Coverage Ratio below guideline minimum | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Coverage Ratio of 1.15 is below guideline minimum of 1.25. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Coverage Ratio of 1.15 is below guideline minimum of 1.25. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 207694 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Hazard Insurance Policy is Partial | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Hazard Insurance Policy Partially Provided No insurance premium collected at close, confirmed subject to a payment plan. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and valideted. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Hazard Insurance Policy Partially Provided No insurance premium collected at close, confirmed subject to a payment plan. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and valideted. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned investor | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 711504 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing proof of residency status for Non-US Citizen (Borrower 1) | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Missing proof of residency status for Non-US Citizen (Borrower 1). Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Missing proof of residency status for Non-US Citizen (Borrower 1). Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 711504 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 608 is less than Guideline FICO of 650 Audited Fico of 608 is less then Guideline minimum Fico 650. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 608 is less than Guideline FICO of 650 Audited Fico of 608 is less then Guideline minimum Fico 650. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong DCR Strong Marketing Trends |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 359175 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing Lease Agreement | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Appraisal reported occupancy as tenant. However, Lease Agreement is missing. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Appraisal reported occupancy as tenant. However, Lease Agreement is missing. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO Seasoned Business. |
XXXXX | Other | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 871443 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 646 is less than Guideline FICO of 650 . Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 646 is less than Guideline FICO of 650 . Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 804460 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Excessive Seller Contributions | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Seller Credit of 6%, Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Seller Credit of 6%, Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO | XXXXX | Other | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 963364 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Trade line count does not meet program requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Minium tradeline does not meet, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Minium tradeline does not meet, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor | XXXXX | Other | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 892933 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower living in rent free. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower living in rent free. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 892933 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Seasoning Requirements Not Met | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Lender guideline requires 12 or more months on title to use appraised value for LTV calculation. Property was acquired XX/XX/XXXX for $X,XXX.XX; however, appraised value of $X,XXX.XX was used to calculate LTV. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Lender guideline requires 12 or more months on title to use appraised value for LTV calculation. Property was acquired XX/XX/XXXX for $X,XXX.XX; however, appraised value of $X,XXX.XX was used to calculate LTV. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 729649 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower Living in Rent Free, Letter of Explanation is Missing, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower Living in Rent Free, Letter of Explanation is Missing, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Property Condition Strong Reserves |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 729649 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Trade line count does not meet program requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Trade line count does not meet program requirements, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Trade line count does not meet program requirements, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Property Condition Strong Reserves |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 967580 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Trade line count does not meet program requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Property Condition | XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 967580 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Rent free LOE - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Rent free LOE - Due Diligence Vendor-XX/XX/XXXX |
Property Condition | XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 615725 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Trade line count does not meet program requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-As per our guideline in credit report the trade line count does not meet program requirements, however, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-As per our guideline in credit report the trade line count does not meet program requirements, however, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves | XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 615725 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower living in rent free property; However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower living in rent free property; However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves | XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 116984 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Seasoning Requirements Not Met | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Corrected Uploaded - Seller-XX/XX/XXXX Open-Borrower on title less than 3 months. The lender provided an approved exception dated prior to consummation, however the compensating factor of low LTV is not valid. - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Corrected Uploaded - Seller-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 116984 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing Lease Agreement | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Seller-XX/XX/XXXX Open-No residential lease provided -appraisal tenant occupied. The lender provided an approved exception dated prior to consummation, however the compensating factor of low LTV is not vali - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. Corrected Uploaded - Seller-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | ||
| XXXXXXXX XXXXXX | XXXX | 762115 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 630 is less than Guideline FICO of 650 However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 630 is less than Guideline FICO of 650 However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Other | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 746410 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Trade line count does not meet program requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Minimum Trade line does not meet guideline requirements. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Minimum Trade line does not meet guideline requirements. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Strong reserves | XXXXX | Other | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 550059 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. For primary residence, mortgage payment history not reported on the credit report and VOM is missing in the file only payment proof available in the file. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. For primary residence, mortgage payment history not reported on the credit report and VOM is missing in the file only payment proof available in the file. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO | XXXXX | Other | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 267231 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Collateral-t - Buyer-XX/XX/XXXX Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Primary address has mortgage, but mortgage statement was not provided. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Low LTV | XXXXX | Investment | Purchase | NA | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 267231 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 615 is less than Guideline FICO of 650. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 615 is less than Guideline FICO of 650. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor Strong Marketing Trends |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 431793 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing verification of housing history for the borrower's primary residence. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing verification of housing history for the borrower's primary residence. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 634268 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Corrected Uploaded - Buyer-XX/XX/XXXX Open-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX Lender provided an approved exception dated prior to consummation, but comp factors of Low LTV and Strong DCR were not validated. Loan was approved as Fast 50 with a 50% LTV. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
Excess equity | XXXXX | Investment | Purchase | NA | XXXX | Originator Post-Close | No | ||||
| XXXXXXXX XXXXXX | XXXX | 634268 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Property | Appraisal | Subject property appraisal is not on an as-is basis (Primary Value) | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Seller-XX/XX/XXXX Open-Primary Value Subject Property Appraisal is not on an As-Is Basis The Appraisal is not an AS IS However 1004d for installation of kitchen flooring was not provided. Lender provided an approved exception dated prior to consummation, but comp factors of Low LTV and Strong DCR were not validated. Loan was approved as Fast 50 with a 50% LTV. - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. Corrected Uploaded - Seller-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Purchase | NA | XXXX | Originator Post-Close | No | ||
| XXXXXXXX XXXXXX | XXXX | 240080 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX The Lender provided an approved exception dated prior to consummation and all compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX The Lender provided an approved exception dated prior to consummation and all compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 926900 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower lives rent free, no VOR available. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower lives rent free, no VOR available. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Seasoned Investor |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 926900 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 620 is less than Guideline FICO of 650 However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 620 is less than Guideline FICO of 650 However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Seasoned Investor |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 926900 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Seasoned Investor |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 551181 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is living in rent free. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is living in rent free. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
High Fico Seasoned Business |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 551181 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX . However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX . However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
High Fico Seasoned Business |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 383149 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Commercial Debt Service Coverage Ratio below guideline minimum | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Coverage Ratio of 0.809 is below guideline minimum of 1. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Coverage Ratio of 0.809 is below guideline minimum of 1. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO | XXXXX | Other | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 106051 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 649 is less than Guideline FICO of 650 - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 649 is less than Guideline FICO of 650 - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 263138 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 649 is less than Guideline FICO of 650 However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 649 is less than Guideline FICO of 650 However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves | XXXXX | Other | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 263138 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Housing History Does Not Meet Guideline Requirements Lender guidelines allow for 1x30 in the most recent 12 months with no late payments in the past 90 days. Despite this requirement, the subject payment history reflects 1x30 rolling in the past 90 days. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Housing History Does Not Meet Guideline Requirements Lender guidelines allow for 1x30 in the most recent 12 months with no late payments in the past 90 days. Despite this requirement, the subject payment history reflects 1x30 rolling in the past 90 days. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong reserves | XXXXX | Other | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 144483 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 636 is less than Guideline FICO of 650 Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 636 is less than Guideline FICO of 650 Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 773372 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX . Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX . Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Marketing Trends Property Condition |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 849592 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. correced uploaded - Buyer-XX/XX/XXXX Open-Audited FICO of 484 is less than Guideline FICO of 650 The lender provided an approved exception dated prior to consummation; however, no compensating factors are present. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 849592 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Delinquent Credit History Does Not Meet Guideline Requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Delinquent history not met. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Delinquent history not met. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Strong Marketing Trends |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 510922 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX . Lender provided approved exception dated prior to consummation however the compensating factor of low LTV is not valid. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 108590 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Seasoning Requirements Not Met | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-The subject loan was refinanced recently. Per lender's guidelines, a frequent refinance with less than 12 months seasoning is not allowed. A refinance occurred within the last 3 months. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-The subject loan was refinanced recently. Per lender's guidelines, a frequent refinance with less than 12 months seasoning is not allowed. A refinance occurred within the last 3 months. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO Strong Marketing Trends |
XXXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 108590 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Delinquent Credit History Does Not Meet Guideline Requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-The subject property has 5x30 in the last 12 months. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-The subject property has 5x30 in the last 12 months. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
High FICO Strong Marketing Trends |
XXXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 318573 | Closed | XX/XX/XXXX | XX/XX/XXXX | Acknowledged | 3 - Material | Property | Property Issue | Property Damage Present | Acknowledged-Unable to Resolve-The finding is acknowledged and will be graded a C or material. - Due Diligence Vendor-XX/XX/XXXX Unable to Resolve-Unable to Resolve-41.21% LTV. Appraisal made as-is and the property condition is considered in the value/LTV. The borrower provided an LOE commiting to use cashout proceeds to cure all of the cited damages/repairs needed. The contractor's bid for $X,XXX.XX was received as well. XXX hasn't confirmed the status of repairs, but expects the borrower to fulfill their commitment to complete them. XXX was further comforted by the low LTV. - Buyer-XX/XX/XXXX Open-Property Damage Present. Vegetation growing from gutters and soffit, facia rot and damage; cost to cure $X,XXX.XX. Repair of kitchen ceiling damaged by fallen tree, Cost to cure $X,XXX.XX. Replace damaged faucet in shower, cost to cure $X,XXX.XX. Visible roof damage due to a fallen tree - Due Diligence Vendor-XX/XX/XXXX |
Acknowledged-Unable to Resolve-The finding is acknowledged and will be graded a C or material. - Due Diligence Vendor-XX/XX/XXXX |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||||
| XXXXXXXX XXXXXX | XXXX | 825250 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower lives rent free. LOE provided on pg#190. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower lives rent free. LOE provided on pg#190. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 166303 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. 12 months of cancelled checks are required for private lender. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. 12 months of cancelled checks are required for private lender. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong reserves | XXXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 921162 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Housing History Does Not Meet Guideline Requirements Primary property profile includes Pre-Foreclosure-Notice of Lis Pendens dated 05/XXXX and property profile for an additional REO property reports open Pre-Foreclosure-Notice of Lis Pendens dated XXXX. NO evidence provided that these notices, although dated, had been cleared. Lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Housing History Does Not Meet Guideline Requirements Primary property profile includes Pre-Foreclosure-Notice of Lis Pendens dated 05/XXXX and property profile for an additional REO property reports open Pre-Foreclosure-Notice of Lis Pendens dated XXXX. NO evidence provided that these notices, although dated, had been cleared. Lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor Strong Reserves |
XXXXX | Other | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 239287 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Seasoning Requirements Not Met | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-XX/XX/XXXX Open-The borrower took ownership 12/XXXX via a Special Warranty deed. Lender guidelines limit the value estimate to the lesser of the original purchase price or the current appraised value. Despite this requirement, the lender used the appraised value to calculate the LTV. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 380102 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 626 is less than Guideline FICO of 650 Lender provided an approved exception dated prior to consummation and all compensating factors have been verified. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 626 is less than Guideline FICO of 650 Lender provided an approved exception dated prior to consummation and all compensating factors have been verified. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 639810 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Marketing Trends Property Condition |
XXXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 845506 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 626 is less than Guideline FICO of 650,However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 626 is less than Guideline FICO of 650,However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 845506 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Trade line count does not meet program requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Lender guidelines require a minimum of 2 active major tradelines. Despite this requirement the credit report only reports 1 active tradeline.Llender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Lender guidelines require a minimum of 2 active major tradelines. Despite this requirement the credit report only reports 1 active tradeline.Llender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 821158 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing VOM or VOR | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-XX/XX/XXXX Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. VOR is missing for the primary residence. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 821158 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 821158 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 626 is less than Guideline FICO of 650, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 626 is less than Guideline FICO of 650, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 750635 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 630 is less than Guideline FICO of 650 Audited Fico 630 less then Guideline Fico 650. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 630 is less than Guideline FICO of 650 Audited Fico 630 less then Guideline Fico 650. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Marketing Trends Low LTV |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 552717 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Hazard Insurance Policy is Partial | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Hazard Insurance Policy Partially Provided Don't collect premium at closing pay plan. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Hazard Insurance Policy Partially Provided Don't collect premium at closing pay plan. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 552717 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing proof of residency status for Non-US Citizen (Borrower 1) | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Missing proof of residency status for Non-US Citizen (Borrower 1) The lender provided an approved exception dated prior to consummation and all compensating factors have been validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Missing proof of residency status for Non-US Citizen (Borrower 1) The lender provided an approved exception dated prior to consummation and all compensating factors have been validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 552717 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Borrower 1 Credit Report is Incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Borrower 1 Credit Report is Partially Present. No credit scores. No major, open tradelines. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Borrower 1 Credit Report is Partially Present. No credit scores. No major, open tradelines. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 552717 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. For primary, rating < 12 months. Comp factor: Borrower purchased primary on XX/XX/XXXX. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. For primary, rating < 12 months. Comp factor: Borrower purchased primary on XX/XX/XXXX. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 718640 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Seller-XX/XX/XXXX Open-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX. The lender provided an approved exception dated prior to consummation however the compensating factor of low LTV is not valid. - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. Corrected Uploaded - Seller-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity Strong Marketing Trends |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | ||
| XXXXXXXX XXXXXX | XXXX | 163986 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. As per G/L the private Lendor VOM required cancelled cheques. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. As per G/L the private Lendor VOM required cancelled cheques. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
High Fico Seasoned Business |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 168323 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Ineligible Property Type | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected UPloaded - Buyer-XX/XX/XXXX Counter-Loan approval provided for a different loan file. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Property type is ineligible due to Property is rural.. The Lender provided an approved exception dated prior to consummation; however, the compensating factor of low LTV is not valid. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf XXX Loan Approval Form-XXXX - XXXXX.pdf |
Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 868081 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 616 is less than Guideline FICO of 650 . However, Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 616 is less than Guideline FICO of 650 . However, Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Property Condition Strong Marketing Trend |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 868081 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Housing History Does Not Meet Guideline Requirements Lender Guidelines limit late payments to 1x30 in the most recent 12 months; payment history reflects 2x30 and 1x60 in the last 12 months. The Lender provided an approved exception dated prior to consummation and all compensating factors have been verified. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Housing History Does Not Meet Guideline Requirements Lender Guidelines limit late payments to 1x30 in the most recent 12 months; payment history reflects 2x30 and 1x60 in the last 12 months. The Lender provided an approved exception dated prior to consummation and all compensating factors have been verified. - Due Diligence Vendor-XX/XX/XXXX |
Strong Marketing Trends Property Condition |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 310159 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Borrower 1 Lease Agreements Missing | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Corrected uploaded - Buyer-XX/XX/XXXX Open-Lease Commencement Date of XX/XX/XXXX is after Appraisal Date of XX/XX/XXXX. Lender provided approved exception dated prior to consummation however the compensating factor of low LTV is not valid. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
Appraisal shows tenant Occupied Excess equity |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | ||||
| XXXXXXXX XXXXXX | XXXX | 310159 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX Lender provided approved exception dated prior to consummation however the compensating factor of low LTV is not valid. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 743477 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Trade line count does not meet program requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Lender guidelines require a minimum of two major tradelines reporting on the credit report. Despite this requirement, no major tradelines were reported. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Lender guidelines require a minimum of two major tradelines reporting on the credit report. Despite this requirement, no major tradelines were reported. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong DCR Strong Marketing Trends |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 411135 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing rent comparable schedule form 1007 | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-XX/XX/XXXX Open-Missing rent comparable schedule form 1007 - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 947729 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing VOM or VOR | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-As Per the guidelines, we need the past 12 months of mortgage history for the subject property, which is currently missing the June 1st payment. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-As Per the guidelines, we need the past 12 months of mortgage history for the subject property, which is currently missing the June 1st payment. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO Strong marketing trends |
XXXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 947729 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. As Per the guidelines, we need the past 12 months of mortgage history for the subject property, which is currently missing the June 1st payment. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
High FICO Strong marketing trends |
XXXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 576357 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing rent comparable schedule form 1007 | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Counter-Strong reserves is not a valid compensating factor, the borrower had to bring $X,XXX.XX to closing so there was only 1.31 months reserves. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf XXX Loan Approval Form-XXXX - XXXXX.pdf |
Seasoned business owner | XXXXX | Investment | Purchase | NA | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 551643 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Trade line count does not meet program requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Minimum trade line doesn't meet lender GL. Lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Minimum trade line doesn't meet lender GL. Lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves Low LTV |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 551643 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is living in rent free. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is living in rent free. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves Low LTV |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 551643 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 620 is less than Guideline FICO of 650 However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 620 is less than Guideline FICO of 650 However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves Low LTV |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 275631 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing rent comparable schedule form 1007 | Waived-Exception granted, the finding will be grade a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be grade a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX (1).pdf | High FICO Seasoned investor |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 275631 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Hazard Insurance Policy is Partial | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Hazard insurance is on a payment plan. Lender provided approved exception prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Hazard insurance is on a payment plan. Lender provided approved exception prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 302829 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing Verification of Rent for borrower's primary residence. Letter of Explanation in file discloses the borrower lives rent free. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing Verification of Rent for borrower's primary residence. Letter of Explanation in file discloses the borrower lives rent free. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Property Condition Low LTV |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 603789 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Hazard Insurance Policy is Partial | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Hazard Insurance Policy Partially Provided Subject Insurance Policy reflects Liability coverage $X,XXX.XX however guideline minimum limit of liability is $X,XXX.XX per occurrence. Lender provided approved exception dated prior to consummation however the compensating factor of low LTV is not valid. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 219068 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Marketing Trends Strong DCR |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 241037 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower Living in Rent Free, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower Living in Rent Free, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned investor | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 858436 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. VOR primary rent free, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. VOR primary rent free, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves | XXXXX | Other | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 944456 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 622 is less than Guideline FICO of 650 . Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 622 is less than Guideline FICO of 650 . Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 861042 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Seasoning Requirements Not Met | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-The subject loan was refinanced recently. Per lender's guidelines, a frequent refinance with less than 12 months seasoning is not allowed. A refinance occurred within the last 7 months. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-The subject loan was refinanced recently. Per lender's guidelines, a frequent refinance with less than 12 months seasoning is not allowed. A refinance occurred within the last 7 months. - Due Diligence Vendor-XX/XX/XXXX |
Property Condition | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 920624 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Hazard Insurance Policy is Partial | Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-Hazard Insurance Policy Partially Provided An "all risk" policy is acceptable on the following forms: DP3, special/broad, Dwelling Fire Form 3, DP-3, Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-Hazard Insurance Policy Partially Provided An "all risk" policy is acceptable on the following forms: DP3, special/broad, Dwelling Fire Form 3, DP-3, Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor |
XXXXX | Other | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 862101 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Closing | Borrower 2 Photo ID is expired | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-XX/XX/XXXX Open-Borrower 2 photo ID expiration date is XX/XX/XXXX and note is dated XX/XX/XXXX. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 535618 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Commercial Debt Service Coverage Ratio below guideline minimum | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Coverage Ratio of 0.921 is below guideline minimum of 1.20 for the subject transaction. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Coverage Ratio of 0.921 is below guideline minimum of 1.20 for the subject transaction. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO Seasoned Investor |
XXXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 535618 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Verification of Mortgage is incomplete for the 2nd mortgage. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Verification of Mortgage is incomplete for the 2nd mortgage. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO Seasoned Business |
XXXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 463423 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Verification of Rent (VOR)/Verification of Mortgage (VOM) Verification of primary housing histopry missing. The Lender provided an approved exception dated prior to consummation and all compensating factors have been validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Verification of Rent (VOR)/Verification of Mortgage (VOM) Verification of primary housing histopry missing. The Lender provided an approved exception dated prior to consummation and all compensating factors have been validated. - Due Diligence Vendor-XX/XX/XXXX |
HIgh FICO Seasoned Invester. |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 383173 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing verification of housing history for the borrower's primary residence. LOX in file discloses that the borrower lives rent free. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing verification of housing history for the borrower's primary residence. LOX in file discloses that the borrower lives rent free. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 383173 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 647 is less than Guideline FICO of 650 . Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 647 is less than Guideline FICO of 650 . Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 359793 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Ineligible Property Type | Waived-Exception granted, the finding will be graded a B or non-materail. - Due Diligence Vendor-XX/XX/XXXX Waived-Property type is ineligible due to Property is defined as Rural per lender guidelines.. Lender provided an approved exception dated prior to consummation and all compensating factors have been validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV - XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-materail. - Due Diligence Vendor-XX/XX/XXXX Waived-Property type is ineligible due to Property is defined as Rural per lender guidelines.. Lender provided an approved exception dated prior to consummation and all compensating factors have been validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | |||
| XXXXXXXX XXXXXX | XXXX | 836259 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing Condo Questionnaire | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Exception noted on uploaded approval - Buyer-XX/XX/XXXX Open- The Condo Questionnaire is missing from the loan file. Additional conditions may apply. Missing Condo Questionnaire - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | ||||
| XXXXXXXX XXXXXX | XXXX | 836259 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX Loan Amount of $X,XXX.XX is less than the Guideline minimum Loan Amount $X,XXX.XX However, Lender provided approved exception dated prior to consummation however the compensating factor of low LTV is not valid. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 148926 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Housing History Does Not Meet Guideline Requirements VOM reflects current past due amount. The lender made an exception prior to closing however the compensating factor or low LTV is not valid. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess Equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 803060 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Transaction Ineligible | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Uploaded - Buyer-XX/XX/XXXX Counter-The compensating factor of strong reserves is not valid. The only account verified was the XXXX XXXXXXXX XXXX account and the funds in it were just short of what was needed for closing, so there are no verified reserves in the loan file. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-First time buyers are ineligible for investment 1-unit properties. The lender provided an approved exception dated prior to consummation however the compensating factors of low LTV and strong reserves are not valid. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf XXX Loan Approval Form-XXXX - XXXXX.pdf |
Excess Equity | XXXXX | Investment | Purchase | NA | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 638295 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Housing History Does Not Meet Guideline Requirements. Borrower is 3x30 days late on subject property in the prior 12 months. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Housing History Does Not Meet Guideline Requirements. Borrower is 3x30 days late on subject property in the prior 12 months. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Marketing Trends Property Condition |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 221751 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing verification of housing history for borrower's primary residence. LOX in file discloses borrower lives rent free. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing verification of housing history for borrower's primary residence. LOX in file discloses borrower lives rent free. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Business | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 885850 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing VOM or VOR | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. As per guideline section 5.4, If the Borrower previously rented, a 12-month rental history must be verified with: Verification of Rents (VOR) from management company; or Cancelled rent checks from the Borrower for the past 12 months. However, file is missing with 12 months rental payment history. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. As per guideline section 5.4, If the Borrower previously rented, a 12-month rental history must be verified with: Verification of Rents (VOR) from management company; or Cancelled rent checks from the Borrower for the past 12 months. However, file is missing with 12 months rental payment history. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Strong marketing trends |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 885850 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Seasoning Requirements Not Met | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Lender guidelines require a borrower to have been on title a minimum of 12 months. Despite this requirement, title was transferred to the Guarantor at close. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Lender guidelines require a borrower to have been on title a minimum of 12 months. Despite this requirement, title was transferred to the Guarantor at close. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Strong marketing Trades |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 885850 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing proof of residency status for Non-US Citizen (Borrower 1) | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Missing proof of residency status for Non-US Citizen (Borrower 1). Lender provided an approved exception dated prior to consummation and all compensating factors have been validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Missing proof of residency status for Non-US Citizen (Borrower 1). Lender provided an approved exception dated prior to consummation and all compensating factors have been validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Strong Marketing Trends |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 885850 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Trade line count does not meet program requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Tradeline count does not meet guideline minimum requirement. The Lender provided an approved exception dated prior to consummation and all compensating factors have been validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Tradeline count does not meet guideline minimum requirement. The Lender provided an approved exception dated prior to consummation and all compensating factors have been validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Strong Marketing Trends |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 800940 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Commercial Debt Service Coverage Ratio below guideline minimum | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Coverage Ratio of 0.784 is < minimum allowed of 1.2. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Coverage Ratio of 0.784 is < minimum allowed of 1.2. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO Strong reserves |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 800940 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Strong reserves High Fico |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 922777 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Lender guidelines require a VOR form a management company, or cancelled checks form the borrower for the most recent 12 months. Despite this requirement, the VOR provided appears to have been completed by a private party and no evidence of the required pay history was provided. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Lender guidelines require a VOR form a management company, or cancelled checks form the borrower for the most recent 12 months. Despite this requirement, the VOR provided appears to have been completed by a private party and no evidence of the required pay history was provided. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves | XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 922777 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Trade line count does not meet program requirements | Waived-Exception granted, the finding will be graded a B or non-material - Due Diligence Vendor-XX/XX/XXXX Waived-Lender guidelines require borrower to exhibit at least two active major consumer credit and/or mortgage accounts to be eligible for the programs. Despite this requirement only 1 major revolving account is reported in credit report. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material - Due Diligence Vendor-XX/XX/XXXX Waived-Lender guidelines require borrower to exhibit at least two active major consumer credit and/or mortgage accounts to be eligible for the programs. Despite this requirement only 1 major revolving account is reported in credit report. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves | XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 922777 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 636 is less than Guideline FICO of 650 Lender requires a min FICO of 650 per program guidelines, despite this requirement the qualifying FICO is 636. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 636 is less than Guideline FICO of 650 Lender requires a min FICO of 650 per program guidelines, despite this requirement the qualifying FICO is 636. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves | XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 366258 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing Lease Agreement | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Subject is 100% vacant. Lender compensating factors have not been validated. Lender using Low LTV as a compensating factor; however, subject LTV of 50% is the max allowed for the product chosen. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 479413 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Commercial Debt Service Coverage Ratio below guideline minimum | Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Converge Ratio of 0.87 is below guideline minimum of 1.25. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Converge Ratio of 0.87 is below guideline minimum of 1.25. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong reserves Property Condition |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 222912 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX Lender compensating factors have not been documented and validated. Lender using Low LTV as a compensating factor; however, the subject LTV is at the max allowed per program guidelines. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Exception granted, the finding will be graded a B or non-material. | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 483121 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Loan file is missing verification of housing payment history for the borrower's primary residence. LOX in file discloses the borrower lives rent free. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Loan file is missing verification of housing payment history for the borrower's primary residence. LOX in file discloses the borrower lives rent free. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Marketing Trends High FICO |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 309187 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete, Primary Address has Mortgage, However Mortgage Statement is Not Provided. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 309187 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Trade line count does not meet program requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Minimum Tradeline Does Not Met, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Minimum Tradeline Does Not Met, However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Low LV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 116016 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing verification of housing history for the borrower's primary residence. LOX in file states borrower lives rent free. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing verification of housing history for the borrower's primary residence. LOX in file states borrower lives rent free. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Business | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 393509 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Insurance | Hazard Insurance Effective Date is after the Disbursement Date | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-XX/XX/XXXX Open-Hazard Insurance Effective Date of XX/XX/XXXX is after the Disbursement Date of XX/XX/XXXX Hazard Insurance Effective Date is after the Disbursement Date - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | High FICO | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 889152 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower Living rent free. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower Living rent free. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO Strong Reserves |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 602708 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. As per guideline for subject property to verify monthly payment history required VOM or Cancelled checks from the borrower for the past 12 months However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. As per guideline for subject property to verify monthly payment history required VOM or Cancelled checks from the borrower for the past 12 months However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV High FICO |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 329350 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower living in rent free property. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower living in rent free property. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO Strong Reserves |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 822923 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Seasoning Requirements Not Met | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Lender guidelines require 12 months on title to use appraised value to calculate LTV on a cash-out refinance transaction; however, borrower acquired title XX/XX/XXXX or 7 months prior to the subject transaction. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Lender guidelines require 12 months on title to use appraised value to calculate LTV on a cash-out refinance transaction; however, borrower acquired title XX/XX/XXXX or 7 months prior to the subject transaction. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 600961 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX . Lender provided approved exception dated prior to consummation. The exception disclosed Low LTV as the compensating factor; however, Low LTV is not a valid compensating factor on a Fast 50 loan. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 749033 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 634 is less than Guideline FICO of 650 Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 634 is less than Guideline FICO of 650 Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 749033 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 223442 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Closing | Borrower 1 Non-US Document Identification is expired | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Borrower was erroneously shown as Perm resident alien. Uploaded is a corrected loan application and updated approval with an exception for LTV - Buyer-XX/XX/XXXX Open-Borrower Non-US identity document expiration date is XX/XX/XXXX and note is dated XX/XX/XXXX. Borrower Non-US identity "VISA" document expiration date is XX/XX/XXXX. Lender provided approved exception as a Visa Application was present, documentation does not appear to be for this borrower as the DOB do not match and the date on the VISA application is XXXX. Please provide updated VISA application for this borrower - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf Loan Application - XXXXX.pdf |
Strong Reserves Seasoned Investor |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 900414 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing VOM or VOR | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Borrower lives rent free. Lender provided approved exception dated prior to consummation however the compensating factor of low LTV is not valid. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 659445 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX Loan amount is less than the guideline minimum loan amount. Lender provided approved exception dated prior to consummation however the compensating factor of low LTV is not valid. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Strong DCR Excess equity |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 659445 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing Lease Agreement | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Subject property with no lease agreements. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Subject property with no lease agreements. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong DSCR Excess equity |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 787520 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Seasoning Requirements Not Met | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-XX/XX/XXXX Open-The subject loan was refinanced recently. Per lender guidelines, a cash out refinance with ownership seasoning requires the original purchase price to be used to calculate the LTV. Despite this requirement the lender used the appraised value. No lender exception was noted. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 787520 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX . However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX . However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Marketing Trends |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 400031 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Assets | Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Total Qualified Assets for Reserves Post-Close of $X,XXX.XX is less than Total Required Reserve Amount of $X,XXX.XX Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Total Qualified Assets for Reserves Post-Close of $X,XXX.XX is less than Total Required Reserve Amount of $X,XXX.XX Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Business | XXXXX | Other | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 400031 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 648 is less than Guideline FICO of 650 .However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 648 is less than Guideline FICO of 650 .However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned business | XXXXX | Other | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 400031 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Closing | Collections, liens or judgments not paid at closing | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Chargeoff not getting paid. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Chargeoff not getting paid. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Business | XXXXX | Other | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 562634 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX The lender provided an exception dated prior to closing however the compensating factor of low LTV is not valid. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 512760 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Borrower 1 Credit Report is Expired | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Corrected Uploaded - Buyer-XX/XX/XXXX Open-Lender provided approved exception dated prior to consummation, but Low LTV was cited as a compensating factor. The loan closed under the XXXXX document level with a 50% LTV. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | ||||
| XXXXXXXX XXXXXX | XXXX | 512760 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX Lender provided approved exception dated prior to consummation, but Low LTV was cited as a compensating factor. The loan closed under the XXXXX document level with a 50% LTV. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 254405 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Property | Property | Property has been listed for sale in the past 6 months | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-The Property profile reports the subject was listed for sale in the most recent 6 months. Borrower provided LOE stated had not been listed for sale. Lender provided approved exception dated prior to consummation and al lender compensating factors have been documented and validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-The Property profile reports the subject was listed for sale in the most recent 6 months. Borrower provided LOE stated had not been listed for sale. Lender provided approved exception dated prior to consummation and al lender compensating factors have been documented and validated - Due Diligence Vendor-XX/XX/XXXX |
Low LTV High FICO |
XXXXX | Other | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 254405 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Housing History Does Not Meet Guideline Requirements - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Housing History Does Not Meet Guideline Requirements - Due Diligence Vendor-XX/XX/XXXX |
Low LTV High FICO |
XXXXX | Other | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 254405 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. The borrower was 30 days late within the last 90 days for the XX/XX payment, and experienced rolling 30-day delinquencies for the XX/XX and XX/XX payments. There is no proof of payment for XX/XX. The lender ratings from XX/XX through XX/XX (excluding XX/XX) reflects prepaid payments. However, Lender guidelines require verification of no less than 1x30x12 or 0x30x3 on any mortgage. Despite this requirement, no Verification of Mortgage for the subject property was provided. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. The borrower was 30 days late within the last 90 days for the XX/XX payment, and experienced rolling 30-day delinquencies for the XX/XX and XX/XX payments. There is no proof of payment for XX/XX. The lender ratings from XX/XX through XX/XX (excluding XX/XX) reflects prepaid payments. However, Lender guidelines require verification of no less than 1x30x12 or 0x30x3 on any mortgage. Despite this requirement, no Verification of Mortgage for the subject property was provided. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV High FICO |
XXXXX | Other | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 266860 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited LTV of 75% exceeds Guideline LTV of 70% The borrower is a first time Investor and as per guidelines, LTV reduction of 5% required. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited LTV of 75% exceeds Guideline LTV of 70% The borrower is a first time Investor and as per guidelines, LTV reduction of 5% required. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO Strong Marketing Trends. |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 626665 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited LTV of 75% exceeds Guideline LTV of 70% LTV reduced by 5% since borrower is a first-time investor. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited LTV of 75% exceeds Guideline LTV of 70% LTV reduced by 5% since borrower is a first-time investor. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO Strong marketing trends. |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 326652 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Ineligible Property Type | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Corrected Uploaded - Buyer-XX/XX/XXXX Open-The subject is located in a rural area. The lender made an exception prior to closing however the compensating factor of low LTV is not valid. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
Excess equity Strong DSCR |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | ||||
| XXXXXXXX XXXXXX | XXXX | 326652 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing Lease Agreement | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Corrected Uploaded - Buyer-XX/XX/XXXX Open-The lender made an exception prior to closing however the compensating factor of low LTV is not valid. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
Excess equity Strong DSCR |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | ||||
| XXXXXXXX XXXXXX | XXXX | 326652 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX The lender made an exception prior to closing however the compensating factor of low LTV is not valid. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity Strong DSCR |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 776651 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Audited FICO of 622 is less than Guideline FICO of 650. Policy exception approved; however, no compensating factors provided. Comments - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 941824 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Exception granted, the finding will be graded a B or non-material - Due Diligence Vendor-XX/XX/XXXX Waived-Audited LTV of 70% exceeds Guideline LTV of 65% Borrower Is First Time Investor so as per the guidelines 5% LTV deducated.However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material - Due Diligence Vendor-XX/XX/XXXX Waived-Audited LTV of 70% exceeds Guideline LTV of 65% Borrower Is First Time Investor so as per the guidelines 5% LTV deducated.However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO Strong reserves |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 941824 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Commercial Debt Service Coverage Ratio below guideline minimum | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Open-Commercial Debt Service Coverage Ratio of 0.56 is below guideline minimum of 1.25. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
High FICO Strong reserves |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 563904 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 605 is less than Guideline FICO of 650 Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 605 is less than Guideline FICO of 650 Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 587188 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing rent comparable schedule form 1007 | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Uploaded - Buyer-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Low LTV | XXXXX | Investment | Purchase | NA | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 587188 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Trade line count does not meet program requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Trade line count does not meet program requirements. The Lender provided an approved exception dated prior to consummation and all compensating factors have been validate. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Trade line count does not meet program requirements. The Lender provided an approved exception dated prior to consummation and all compensating factors have been validate. - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserve | XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 587188 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 603 is less than Guideline FICO of 650 A lender exception is present in the loan file dated prior to consummation, providing adequate comp factors. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 603 is less than Guideline FICO of 650 A lender exception is present in the loan file dated prior to consummation, providing adequate comp factors. - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves | XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 582964 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Citizenship Documentation Not Provided | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Foreign National borrower missing proof of legal US residency. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Foreign National borrower missing proof of legal US residency. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 334736 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX The lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX The lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
High FICO Strong Reserves |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 334736 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Exception granted, the finding will be graded a B or non-material - Due Diligence Vendor-XX/XX/XXXX Waived-Audited LTV of 70% exceeds Guideline LTV of 65% Borrower is the First Time Investor. The lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material - Due Diligence Vendor-XX/XX/XXXX Waived-Audited LTV of 70% exceeds Guideline LTV of 65% Borrower is the First Time Investor. The lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
High FICO Strong Reserves |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 849886 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Assets | Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Total Qualified Assets for Reserves Post-Close of $X,XXX.XX is less than Total Required Reserve Amount of $X,XXX.XX - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Uploaded - Buyer-XX/XX/XXXX Open-Total Qualified Assets for Reserves Post-Close of $X,XXX.XX is less than Total Required Reserve Amount of $X,XXX.XX Lender provided approved exception dated prior to consummation however the compensating factor of strong reserves was not validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | High FICO | XXXXX | Investment | Purchase | NA | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 787264 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Correced Uploaded - Buyer-XX/XX/XXXX Open-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 526448 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Hazard Insurance Policy is Partial | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Hazard Insurance Policy Partially Provided An "all risk" policy is acceptable on the following forms: DP3, special/broad, Dwelling Fire Form 3, DP-3, Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Hazard Insurance Policy Partially Provided An "all risk" policy is acceptable on the following forms: DP3, special/broad, Dwelling Fire Form 3, DP-3, Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 526448 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 615 is less than Guideline FICO of 650 FICO of 615 is less than Guideline FICO of 650, Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 615 is less than Guideline FICO of 650 FICO of 615 is less than Guideline FICO of 650, Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Strong Marketing Trends |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 806136 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 614 is less than Guideline FICO of 650 Lender requires a min FICO of 650 per program guidelines, despite this requirement the qualifying FICO is 614. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 614 is less than Guideline FICO of 650 Lender requires a min FICO of 650 per program guidelines, despite this requirement the qualifying FICO is 614. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Seasoned Investor |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 806136 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Exception granted, the finding will be graded a B or non-material - Due Diligence Vendor-XX/XX/XXXX Waived-Housing History Does Not Meet Guideline Requirements Lender guidelines require verification of no less than 1x30x12 or 0x30x3 on any mortgage. Despite this requirement, there are multiple instances of mortgage lates per Credit report. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material - Due Diligence Vendor-XX/XX/XXXX Waived-Housing History Does Not Meet Guideline Requirements Lender guidelines require verification of no less than 1x30x12 or 0x30x3 on any mortgage. Despite this requirement, there are multiple instances of mortgage lates per Credit report. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Seasoned Investor |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 579517 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Trade line count does not meet program requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Borrower tradeline count does not meet gudeline requirements. The lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Borrower tradeline count does not meet gudeline requirements. The lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Property Condition Strong Reserves |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 579517 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing verification of borrower primary housing history; borrower living rent free. The lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing verification of borrower primary housing history; borrower living rent free. The lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Property Condition Strong Reserves |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 724550 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Trade line count does not meet program requirements | Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-Trade line count does not meet program requirements. The lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-Trade line count does not meet program requirements. The lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves Property Condition |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 724550 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing primary housing history; living rent free. The lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing primary housing history; living rent free. The lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves Property Condition |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 666249 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 666249 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing Condo Questionnaire | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived- The Condo Questionnaire is missing from the loan file. Additional conditions may apply. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived- The Condo Questionnaire is missing from the loan file. Additional conditions may apply. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Property Condition |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 542043 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 637 is less than Guideline FICO of 650 . However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 637 is less than Guideline FICO of 650 . However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Strong Reserves |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 959205 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Assets | Asset 1 Does Not Meet Guideline Requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-XX/XX/XXXX Open-Asset Record 1 Does Not Meet G/L Requirements Lender guidelines require assets to be verified with either a complete recent statement or a VOD. Despite this requirement, the assets were verified with a balance printout - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | High FICO | XXXXX | Investment | Purchase | NA | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 814469 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Trade line count does not meet program requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Credit Report trade line count does not meet the program requirements. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Credit Report trade line count does not meet the program requirements. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor Strong reserves |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 134363 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Insurance | HO6 Insurance Policy Effective Date is after the Note Date | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Exception noted on uploaded approval - Seller-XX/XX/XXXX Open-HO-6 Insurance Policy Effective Date of XX/XX/XXXX is after the Note Date of XX/XX/XXXX HO6 Insurance Policy Effective Date is after the Note Date - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Exception noted on uploaded approval - Seller-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
High FICO | XXXXX | Investment | Purchase | NA | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 134363 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-XX/XX/XXXX Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing 12-month primary housing history. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | High FICO | XXXXX | Investment | Purchase | NA | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 134363 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Ineligible Borrower (Borrower 1) | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived- First time buyers are ineligible for investment 1-unit properties. Lender Provided an approved exception dated prior to consummation and all compensating factors have been verified. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived- First time buyers are ineligible for investment 1-unit properties. Lender Provided an approved exception dated prior to consummation and all compensating factors have been verified. - Due Diligence Vendor-XX/XX/XXXX |
Strong DCR Strong Reserves |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 426844 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. XXX XXXXXXXX DOB as per ID proof is XX/XX/XXXX but in credit report wrongly mentioned as XX/XX/XXXX. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. XXX XXXXXXXX DOB as per ID proof is XX/XX/XXXX but in credit report wrongly mentioned as XX/XX/XXXX. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves, Strong Marketing Trends | XXXXX | Other | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 426844 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Borrower 1 Credit Report is Incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Borrower 1 Credit Report is Partially Present. The credit report for B1 shows the wrong date of birth. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Borrower 1 Credit Report is Partially Present. The credit report for B1 shows the wrong date of birth. - Due Diligence Vendor-XX/XX/XXXX |
Strong reserves Strong marketing trends |
XXXXX | Other | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 504423 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing Lease Agreement | Waived-Exception granted, the finding will be graded a B or non-material. - 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. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - 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. - Due Diligence Vendor-XX/XX/XXXX |
Strong marketing trends Property condition |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 919320 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 502 is less than Guideline FICO of 650 Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 502 is less than Guideline FICO of 650 Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Strong marketing trends |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 919320 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing Lease Agreement | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Subject property is vacant. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Subject property is vacant. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Seasoned business |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 919320 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is living in rent free. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is living in rent free. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Seasoned Business |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 781207 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower lives rent free. The lender provided an approved exception dated prior to consummation and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower lives rent free. The lender provided an approved exception dated prior to consummation and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Property condition Seasoned business |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 771758 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. The borrower lives rent free therefore no VOR was available. Lender provided approved exception dated prior to consummation and all compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. The borrower lives rent free therefore no VOR was available. Lender provided approved exception dated prior to consummation and all compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 459372 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Trade line count does not meet program requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Trade line count does not meet guideline requirements. The lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Trade line count does not meet guideline requirements. The lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves | XXXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 459372 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Primary housing history missing; living rent free. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Primary housing history missing; living rent free. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves | XXXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 202936 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower lives rent-free at primary residence. No LOE provided. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower lives rent-free at primary residence. No LOE provided. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 202936 | Closed | XX/XX/XXXX | XX/XX/XXXX | Acknowledged | 3 - Material | Property | Property Issue | Property Condition Does Not Meet Requirements | Acknowledged-Unable to Resolve-The finding is acknowledged and will be graded a C or material. - Due Diligence Vendor-XX/XX/XXXX Unable to Resolve-Unable to Resolve-63% LTV. Appraisal made as-is and the property condition is considered in the value/LTV. The vacant apartment is in need of cosmetic upgrades, but the borrower is expected to complete any necessary repairs prior to occupancy. XXX was further comforted by the low LTV and the borrower's high FICO. - Buyer-XX/XX/XXXX Counter-You cannot make an exception for the property condition findings, it is a requirement for the securitizations. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-XX/XX/XXXX Open-Property Condition Does Not Meet Requirements. Property condition is Fair per the Appraisal. The appraiser did not explain what led to the fair condition, but the pictures show damage to the flooring and kitchen cabinets plus a general worn appearance to the upstairs unit. - Due Diligence Vendor-XX/XX/XXXX |
Acknowledged-Unable to Resolve-The finding is acknowledged and will be graded a C or material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | ||||
| XXXXXXXX XXXXXX | XXXX | 845425 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Seller Contribution Exceeds Program Maximum | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Guideline Provided Seller Contribution is 3% And the application exceeds the guideline. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Guideline Provided Seller Contribution is 3% And the application exceeds the guideline. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO | XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 845425 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Assets | Asset 2 Does Not Meet Guideline Requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-XX/XX/XXXX Open-Asset Record 2 Does Not Meet G/L Requirements A copy of the cashier's check for closing funds was provided but the file is missing the source of the funds as required by the lender GL. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | High FICO | XXXXX | Investment | Purchase | NA | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 839959 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Seasoning Requirements Not Met | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Lender guideline requires 12 months on title to use appraised value for LTV calculation. Borrower acquired title < 3 months prior to subject transaction. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Lender guideline requires 12 months on title to use appraised value for LTV calculation. Borrower acquired title < 3 months prior to subject transaction. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Strong Marketing Trends |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 696939 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Credit history does not meet guidelines | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Guidelines require at least 2 active major consumer and/or mortgage accounts. Credit report does not reflect any active tradelines. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Guidelines require at least 2 active major consumer and/or mortgage accounts. Credit report does not reflect any active tradelines. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 928396 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing VOM or VOR | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected uploaded - Buyer-XX/XX/XXXX Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Per guidelines, a 12-month rental history must be verified with a Verification of Rents (VOR) from a management company; or Cancelled rent checks from the Borrower for the past 12 months. Lender exception provided in file; however, all lender compensating factors have not been documented and validated. Lender using low LTV as a compensating factor, but the subject LTV is max LTV for product chosen. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity Strong DCR |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 207786 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 633 is less than Guideline FICO of 650 Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 633 is less than Guideline FICO of 650 Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Property Condition |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 207786 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Borrower has 1x90 mortgage payment history in the prior 12 months on the primary residence. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Borrower has 1x90 mortgage payment history in the prior 12 months on the primary residence. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Property Condition |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 577625 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Subject property VOM states that all payments are deferred until Maturity. As per guidelines, deferred payments required 12 months history to verify. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Subject property VOM states that all payments are deferred until Maturity. As per guidelines, deferred payments required 12 months history to verify. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor | XXXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 236072 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower lives rent free. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower lives rent free. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Property Condition Strong Marketing Trends |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 236072 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Ineligible Property Type | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-23 miles to XXXXX, 786,386. The distance to XXXXX is within the 25-mile radius XXX rural guidelines. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-23 miles to XXXXX, 786,386. The distance to XXXXX is within the 25-mile radius XXX rural guidelines. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Strong Marketing Trends Property Condition |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 236072 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 592 is less than Guideline FICO of 650 , However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 592 is less than Guideline FICO of 650 , However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Strong Marketing Trends Property Condition |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 830533 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Borrower 1 Lease Agreements Missing | Waived-Exception granted, the finding will be graded a B or non-materail. - Due Diligence Vendor-XX/XX/XXXX Waived-The subject property was used as a short-term rental. However, Form 1007 indicates that the owner did not provide any rental data to the appraiser at the time of the inspection. The borrower provided a Letter of Explanation regarding the short-term rental usage. Since no lease agreement was available for the short-term rental, the lender provided an approved exception dated prior to consummation, and all compensating factors have been thoroughly documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-materail. - Due Diligence Vendor-XX/XX/XXXX Waived-The subject property was used as a short-term rental. However, Form 1007 indicates that the owner did not provide any rental data to the appraiser at the time of the inspection. The borrower provided a Letter of Explanation regarding the short-term rental usage. Since no lease agreement was available for the short-term rental, the lender provided an approved exception dated prior to consummation, and all compensating factors have been thoroughly documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO. | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 920014 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 604 is less than Guideline FICO of 650 The lender provided an approved exception dated prior to consummation and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 604 is less than Guideline FICO of 650 The lender provided an approved exception dated prior to consummation and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Property Condition | XXXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 920014 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Ineligible Property Type | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-SP location is deemed rural per program guidelines (population is under25K). The subject is located 80 miles from XXX XXXXXXX, TX with population over 100k. The lender provided an approved exception dated prior to consummation and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-SP location is deemed rural per program guidelines (population is under25K). The subject is located 80 miles from XXX XXXXXXX, TX with population over 100k. The lender provided an approved exception dated prior to consummation and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Property Condition | XXXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 511790 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 606 is less than Guideline FICO of 650. However, Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 606 is less than Guideline FICO of 650. However, Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Marketing Trends | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 511790 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Trade line count does not meet program requirements | Waived-Exception granted, the finding will be graded a B or non-material - Due Diligence Vendor-XX/XX/XXXX Waived-Lender guidelines require borrower to exhibit at least two active major consumer credit and/or mortgage accounts to be eligible for the programs. Despite this requirement only 1 major account is reported in credit report. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material - Due Diligence Vendor-XX/XX/XXXX Waived-Lender guidelines require borrower to exhibit at least two active major consumer credit and/or mortgage accounts to be eligible for the programs. Despite this requirement only 1 major account is reported in credit report. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Marketing Trends | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 884630 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing VOM or VOR | Waived-Exception granted, the finding will be graded a B or non-material - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Verification of Mortgage (VOM) Document is Missing for subject property; however, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Verification of Mortgage (VOM) Document is Missing for subject property; however, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Property Condition Strong Marketing Trends. |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 276475 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Seasoning Requirements Not Met | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Subject acquired less than 12 months ago, and the current value was used to calculate the LTV. Lender provided an approved exception dated prior to consummation and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Subject acquired less than 12 months ago, and the current value was used to calculate the LTV. Lender provided an approved exception dated prior to consummation and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor High FICO |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 738804 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-XX/XX/XXXX Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. 12-month housing history missing for subject property. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Seasoned business | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 738804 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 632 is less than Guideline FICO of 650 . Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 632 is less than Guideline FICO of 650 . Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Business | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 907468 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Seasoning Requirements Not Met | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-The subject loan was purchased in the most recent 12 months. Per lender's guidelines, a recent purchase with less then 12 months seasoning requires the value estimate to be based on the lessor of the original purchase price or the current appraised value. Despite this requirement, the loan was approved based on the current appraised value. the lender provided an approved exception dated prior to consummation, but no compensating factors were provided. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Strong reserves | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 560436 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. B1 lives rent free. However, Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. B1 lives rent free. However, Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor. | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 383767 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Seasoning Requirements Not Met | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-XX/XX/XXXX Open-The subject property was purchased less than 12 months ago but the current appraised value was used for the LTV calculation. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | High FICO | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 383767 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Mortgage payment histories must be verified for the past 12 months. The lender provided an approved exception dated prior to consummation and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Mortgage payment histories must be verified for the past 12 months. The lender provided an approved exception dated prior to consummation and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO Strong DCR |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 383767 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX . However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX . However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO Strong DCR |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 293369 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Seasoning Requirements Not Met | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-XX/XX/XXXX Open-The subject property was purchased less than 12 months ago however the current appraised value was used to calculate the LTV. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Property condition | XXXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 662508 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Open-Audited LTV of 75% exceeds Guideline LTV of 70% The lender provided an exception dated prior to consummation and all compensating factors have been validated. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Sufficient reserves have been provided. - Buyer-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
High FICO Strong reserves |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 662508 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Hazard Insurance Policy is Partial | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Hazard Insurance Policy Partially Provided Wind and Hail Insurance unavailable. The lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Hazard Insurance Policy Partially Provided Wind and Hail Insurance unavailable. The lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO | XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 606008 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing VOM or VOR | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-XX/XX/XXXX Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Missing VOR for primary residence. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX (1).pdf | High FICO | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 799270 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 614 is less than Guideline FICO of 650 Audited Fico of 614 is less then Guideline Fico of 650 However, lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 614 is less than Guideline FICO of 650 Audited Fico of 614 is less then Guideline Fico of 650 However, lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor Low LTV |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 766441 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Subject property is vacant and loan purpose is refinance | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Uploaded - Buyer-XX/XX/XXXX Open-Subject property is vacant and loan purpose is refinance. Lender provided approved exception dated prior to consummation; however, loan is a Fast 50 and Low LTV is not a valid compensating factor. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 950117 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 637 is less than Guideline FICO of 650 Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 637 is less than Guideline FICO of 650 Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 873956 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX The lender made an exception prior to consummation however the compensating factor of low LTV is not valid and 'other' was not defined. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 584295 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing Lease Agreement | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Subject property is vacant with no lease agreements. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Subject property is vacant with no lease agreements. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 628642 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Payoff statement reflects due for XX/XX payment to current. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Payoff statement reflects due for XX/XX payment to current. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Property Condition |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 628642 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Ineligible Property Type | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Subject Property Located in Rural Area. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Subject Property Located in Rural Area. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Property Condition |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 591476 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is Living Rent. However, rent history is not provided. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is Living Rent. However, rent history is not provided. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor High FICO |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 591476 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Seasoning Requirements Not Met | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-The subject loan was refinanced recently. Per lender's guidelines, a frequent refinance with less than 12 months seasoning is not allowed. A refinance occurred within the last 1 month. Lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-The subject loan was refinanced recently. Per lender's guidelines, a frequent refinance with less than 12 months seasoning is not allowed. A refinance occurred within the last 1 month. Lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor High FICO |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 909647 | Closed | XX/XX/XXXX | XX/XX/XXXX | Acknowledged | 3 - Material | Property | Appraisal | Subject property appraisal is not on an as-is basis (Primary Value) | Acknowledged-Unable to Resolve-The finding is acknowledged and will be graded a C or material. - Due Diligence Vendor-XX/XX/XXXX Unable to Resolve-Unable to Resolve-Appraisal made as-is and the property condition is considered in the value/LTV. The value was subject to utilities turning on. XXX felt comfortable proceeding as the property was vacant at the time of origination and the borrower (an experieinced real estate investment group) is actively seeking tenants and completing minor touch-ups to the property to prepare for occupancy. Utilities are expected to be turned on prior to occupancy. - Buyer-XX/XX/XXXX Open-Primary Value Subject Property Appraisal is not on an As-Is Basis - Due Diligence Vendor-XX/XX/XXXX |
Acknowledged-Unable to Resolve-The finding is acknowledged and will be graded a C or material. - Due Diligence Vendor-XX/XX/XXXX |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||||
| XXXXXXXX XXXXXX | XXXX | 909647 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is living rent free and 12 months verification of rent not provided. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is living rent free and 12 months verification of rent not provided. - Due Diligence Vendor-XX/XX/XXXX |
High FICO | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 909647 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Seasoning Requirements Not Met | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-The subject loan was refinanced recently. Per lender's guidelines, a frequent refinance with less than 12 months seasoning is not allowed. A refinance occurred within the last 1 month. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-The subject loan was refinanced recently. Per lender's guidelines, a frequent refinance with less than 12 months seasoning is not allowed. A refinance occurred within the last 1 month. - Due Diligence Vendor-XX/XX/XXXX |
High FICO | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 824511 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is Living Rent. However, rent history is not provided. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is Living Rent. However, rent history is not provided. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 824511 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Seasoning Requirements Not Met | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-The subject loan was refinanced recently. Per lender's guidelines, a frequent refinance with less than 12 months seasoning is not allowed. A refinance occurred within the last 1 month. Lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-The subject loan was refinanced recently. Per lender's guidelines, a frequent refinance with less than 12 months seasoning is not allowed. A refinance occurred within the last 1 month. Lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 400474 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Seasoning Requirements Not Met | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Acknowledged-The subject loan was refinanced recently. Per lender's guidelines, a frequent refinance with less than 12 months seasoning is not allowed. A refinance occurred within the last 1 month. Lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Acknowledged-The subject loan was refinanced recently. Per lender's guidelines, a frequent refinance with less than 12 months seasoning is not allowed. A refinance occurred within the last 1 month. Lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 400474 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is Living Rent. However, rent history is not provided. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is Living Rent. However, rent history is not provided. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 183204 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Missing VOM or VOR | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. The loan file is missing a VOR for the borrower's primary residence. A rent-free letter was provided. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. The loan file is missing a VOR for the borrower's primary residence. A rent-free letter was provided. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor High Fico |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 998820 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited LTV of 75% exceeds Guideline LTV of 70% Borrower is a first-time investor. Max LTV reduced by 5% per guidelines. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited LTV of 75% exceeds Guideline LTV of 70% Borrower is a first-time investor. Max LTV reduced by 5% per guidelines. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO Strong Reserves |
XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 319214 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 440 is less than Guideline FICO of 650 Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 440 is less than Guideline FICO of 650 Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 300178 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Hazard Insurance Policy is Partial | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-As per GL wind/hail deductible up to the lesser of 5% or $X,XXX.XX is acceptable. In Hazard insurance pg#370 Wind/ Hail is $X,XXX.XX however, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-As per GL wind/hail deductible up to the lesser of 5% or $X,XXX.XX is acceptable. In Hazard insurance pg#370 Wind/ Hail is $X,XXX.XX however, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Strong Reserves | XXXXX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 878905 | Closed | XX/XX/XXXX | XX/XX/XXXX | Acknowledged | 3 - Material | Property | Value | Missing Post Close Valuation - 2 | Acknowledged-The finding is acknowledged and will be graded a C or material. - Due Diligence Vendor-XX/XX/XXXX Open-A valid secondary valuation supporting the origination appraisal value is not present. The CDA was out of tolerance so the file should be progressed to the next step in the valuation waterfall, BPO. - Due Diligence Vendor-XX/XX/XXXX |
Acknowledged-The finding is acknowledged and will be graded a C or material. - Due Diligence Vendor-XX/XX/XXXX |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||||
| XXXXXXXX XXXXXX | XXXX | 878905 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Seasoning Requirements Not Met | Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-The subject loan was refinanced recently. Per lender's guidelines, a frequent refinance with less than 12 months seasoning is not allowed. A refinance occurred within the last 1 month. Lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Waived-The subject loan was refinanced recently. Per lender's guidelines, a frequent refinance with less than 12 months seasoning is not allowed. A refinance occurred within the last 1 month. Lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 878905 | Closed | XX/XX/XXXX | XX/XX/XXXX | Acknowledged | 2 - Non-Material | Property | Property | S&P value equals C, 1st lien and secondary product not within tolerance | Acknowledged-The loan will be graded a C for S&P only. - Due Diligence Vendor-XX/XX/XXXX Open-S&P RA Only - 1st lien and secondary product not within tolerance. This finding will be rated a C for S&P. The CDA was returned out of tolerance, the loan will be graded a C for S&P only (pending results of a BPO or field review). - Due Diligence Vendor-XX/XX/XXXX |
Acknowledged-The loan will be graded a C for S&P only. - Due Diligence Vendor-XX/XX/XXXX |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||||
| XXXXXXXX XXXXXX | XXXX | 152010 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX The lender provided an exception dated prior to consummation however the compensating factor of low LTV is not valid. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 378689 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 645 is less than Guideline FICO of 650 Audited Fico 608 less then Guideline minimum Fico 650. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Audited FICO of 645 is less than Guideline FICO of 650 Audited Fico 608 less then Guideline minimum Fico 650. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Low LTV Strong marketing trends |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 548748 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Trade line count does not meet program requirements | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Trade line count does not meet program requirements. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Trade line count does not meet program requirements. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated - Due Diligence Vendor-XX/XX/XXXX |
Property Condition Strong Marketing Trends |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 281609 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Commercial Debt Service Coverage Ratio below guideline minimum | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Converge Ratio of 1.079 is below guideline minimum of 1.20. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Commercial Debt Service Converge Ratio of 1.079 is below guideline minimum of 1.20. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 578408 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Insurance | Hazard Insurance Effective Date is after the Disbursement Date | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval - Buyer-XX/XX/XXXX Counter-The settlement statement provided is for a different loan file. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Uploaded - Buyer-XX/XX/XXXX Open-Hazard Insurance Effective Date of XX/XX/XXXX is after the Disbursement Date of XX/XX/XXXX - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
Final HUD of Final Settlement Statement (6).pdf XXX Loan Approval Form-XXXX - XXXXX.pdf |
High FICO | XXXXX | Other | Purchase | NA | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 641231 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected Uploaded - Buyer-XX/XX/XXXX Open-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX A lender exception was provided prior to consummation but was approved as unmitigated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | Excess equity | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 976274 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is living Rent free pg#169. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower is living Rent free pg#169. However, the lender provided an approved exception dated prior to consummation, and all compensating factors were validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned investor High FICO |
XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 948073 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Hazard Insurance Policy is Partial | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Guideline requires Hazard Insurance policy carrier to have a rating of A or better. Subject hazard carrier has a rating of B. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Guideline requires Hazard Insurance policy carrier to have a rating of A or better. Subject hazard carrier has a rating of B. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Seasoned Investor | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 948073 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Loan file is missing verification of rent for the primary residence. Letter in file discloses the borrower is living rent free. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Loan file is missing verification of rent for the primary residence. Letter in file discloses the borrower is living rent free. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 198679 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Missing Doc | Hazard Insurance Policy is Missing | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Exception noted on uploaded approval for missing master HOA policy - Buyer-XX/XX/XXXX Open-Hazard Insurance Policy is Missing - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX.pdf | High FICO | XXXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Post-Close | No | |||
| XXXXXXXX XXXXXX | XXXX | 198679 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. For the VOM, the subject property history is less than 12 months, and the primary property history is missing. however. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Waived-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. For the VOM, the subject property history is less than 12 months, and the primary property history is missing. however. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-XX/XX/XXXX |
High FICO Seasoned Investor |
XXXXX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | ||||
| XXXXXXXX XXXXXX | XXXX | 867055 | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Corrected uploaded - Buyer-XX/XX/XXXX Open-Audited FICO of 632 is less than Guideline FICO of 650 . Lender provided approved exception dated prior to consummation however the compensating factor of low LTV is not valid. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception granted, the finding will be graded a B or non-material. - Due Diligence Vendor-XX/XX/XXXX |
XXX Loan Approval Form-XXXX - XXXXX (1).pdf | Seasoned business | XXXXX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No |