|
Client Name:
|
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|
Client Project Name:
|
SEMT 2026-CD7
|
|||
|
Start - End Dates:
|
4/14/2026 - 9/18/2026
|
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|
Deal Loan Count:
|
126
|
|||
|
Waived Conditions Summary
|
||||
|
Review Scope
|
Category
|
Code
|
Description
|
Count
|
|
Credit
|
Terms/Guidelines
|
CRDTER4631
|
Loan parameters do not meet guidelines
|
1
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH193
|
Length of mortgage/rental history in file does not meet guideline requirement
|
1
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH3000
|
# of Tradelines Does Not Meet Guideline Requirements
|
1
|
|
Credit
|
DTI
|
CRDDTI2540
|
Missing verification of some or all components of non-subject PITI
|
1
|
|
Credit
|
Income/Employment
|
CRDINC3204
|
Income Documentation Missing
|
1
|
|
Credit
|
Insurance
|
CRDINSR5351
|
Insurance Effective date is greater than the transaction date
|
1
|
|
Credit
|
Application
|
CRDAPP1813
|
Undisclosed non-arm's length transaction
|
1
|
|
Compliance
|
TILA/RESPA Integrated Disclosure
|
CMPTRID5806
|
TRID - At least XXX CD prior to the last CD at or prior to closing was not provided to all with rescission rights.
|
1
|
|
Compliance
|
Right of Rescission
|
CMPROR1909
|
Incorrect ROR Form Used - XXX Form Used in Refinance With Original Creditor
|
1
|
|
Compliance
|
Finance Charge Tolerance
|
CMPFINT106
|
Finance charge understated by more than $XXX (Pmt Stream)
|
1
|
|
Compliance
|
Finance Charge Tolerance
|
CMPFINT4372
|
TILA/TRID-Disclosed Amount Financed is higher than Clayton's calculated Amount Financed
|
1
|
|
Compliance
|
Documentation
|
CMPDOC2500
|
Some funds escrowed based on written agreement for completion of improvements to property
|
1
|
|
Compliance
|
RESPA
|
CMPRESPA2700
|
RESPA - List of homeowners counseling organizations not provided w/in XXX days of application
|
1
|
|
Compliance
|
RESPA
|
CMPRESPA863
|
RESPA: Required Affiliate Business Disclosure missing
|
3
|
|
Total
|
16
|
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|
©2026 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and
the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited.
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