|
Client Name:
|
||||
|
Client Project Name:
|
SEMT 2026-13
|
|||
|
Start - End Dates:
|
5/19/2026 - 9/23/2026
|
|||
|
Deal Loan Count:
|
380
|
|||
|
Waived Conditions Summary
|
||||
|
Review Scope
|
Category
|
Code
|
Description
|
Count
|
|
Credit
|
Terms/Guidelines
|
CRDTER111
|
Ownership seasoning does not meet minimum per guidelines
|
1
|
|
Credit
|
Terms/Guidelines
|
CRDTER2548
|
Missing AUS or AUS errors present
|
1
|
|
Credit
|
Terms/Guidelines
|
CRDTER3122
|
Loan documents do not meet guideline requirements
|
2
|
|
Credit
|
Terms/Guidelines
|
CRDTER3490
|
Missing Patriot Act form
|
1
|
|
Credit
|
Terms/Guidelines
|
CRDTER4238
|
Business entity does not meet guidelines
|
1
|
|
Credit
|
Terms/Guidelines
|
CRDTER4631
|
Loan parameters do not meet guidelines
|
2
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH193
|
Length of mortgage/rental history in file does not meet guideline requirement
|
2
|
|
Credit
|
Income/Employment
|
CRDINC150
|
Income docs do not meet guidelines
|
1
|
|
Credit
|
Income/Employment
|
CRDINC2488
|
Verbal verification of employment missing
|
3
|
|
Credit
|
Income/Employment
|
CRDINC2496
|
Verbal verification of employment completed outside the stated requirements and/or after closing/funding
|
2
|
|
Credit
|
Income/Employment
|
CRDINC3204
|
Income Documentation Missing
|
1
|
|
Credit
|
Income/Employment
|
CRDINC3258
|
Missing Profit and Loss statement for one or more XXX borrowers
|
1
|
|
Credit
|
Re-Verifications
|
CRDRVRFC1821
|
Undisclosed non-arm's length transaction revealed through independent re-verification
|
1
|
|
Credit
|
Insurance
|
CRDINSR5351
|
Insurance Effective date is greater than the transaction date
|
3
|
|
Credit
|
Application
|
CRDAPP130
|
Application is incomplete
|
1
|
|
Credit
|
Assets
|
CRDAST205
|
Insufficient Funds to Close
|
1
|
|
Credit
|
Assets
|
CRDAST2670
|
Asset documentation is insufficient per guideline requirements
|
1
|
|
Credit
|
Assets
|
CRDAST3078
|
Insufficient # of months cash reserves for PITI per guideline requirements
|
1
|
|
Property Valuations
|
Property
|
PRVAPROP177
|
Property Issues Indicated
|
2
|
|
Property Valuations
|
Appraisal
|
PRVAAPPR275
|
Completed "Subject To" w/o Completion Cert in File
|
1
|
|
Compliance
|
Right of Rescission
|
CMPROR1909
|
Incorrect ROR Form Used - XXX Form Used in Refinance With Original Creditor
|
3
|
|
Compliance
|
RESPA
|
CMPRESPA2700
|
RESPA - List of homeowners counseling organizations not provided w/in XXX days of application
|
2
|
|
Compliance
|
RESPA
|
CMPRESPA863
|
RESPA: Required Affiliate Business Disclosure missing
|
5
|
|
Compliance
|
Compliance Manual
|
CMPMAN2990
|
1003 - Final Application is not Accurate
|
1
|
|
Total
|
40
|
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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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