Exhibit 99.7
Clarifii Rating Agency Grades Detail Report
| Loan ID | Deal ID | Seller Loan ID | Investor Loan ID | Overall Initial Loan Grade | Overall Final Loan Grade | Credit Initial Loan Grade | Credit Current/Final Loan Grade | Compliance Initial Loan Grade | Compliance Current/Final Loan Grade | Property Initial Loan Grade | Property Current/Final Loan Grade | Queue | Finding Code | Date Created | Date Modified | Finding Status | Event Level | Initial Finding Grade | Current/Final Finding Grade | Finding Category | Finding Sub Category | Finding Name | Finding Comments | Seller Comments | Resolution Comments | Reviewer Comp Factor | Originator Comp Factors | Finding Documents | Originator QM Status | Final Reviewed QM Status | Loan Amount | Property State | Occupancy | Loan Purpose | Refinance Purpose | Acknowledged / WaivedBy | Waiver in File? | Unique Finding ID |
| XXXX | 4350123764 | XXXX | XXXX | C | A | C | A | C | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-XXXX Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-XXXX |
Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-XXXX |
Qualifying DTI below maximum allowed - Qualifying DTI 19.34% below maximum allowed Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 19.34 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |||
| XXXX | 4350123764 | XXXX | XXXX | C | A | C | A | C | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received LOE the borrower was staying at an XXXX. Payment history to XXXX was located in the file. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Housing History Does Not Meet Guideline Requirements Per the documentation in file, the home the borrower was living in sold on XXXX. Need to know where the borrower is living presently, what expense is associated, if any (must be documented). Additional conditions may apply. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Received LOE the borrower was staying at an XXXX. Payment history to XXXX was located in the file. - Due Diligence Vendor-XXXX |
Qualifying DTI below maximum allowed - Qualifying DTI 19.34% below maximum allowed Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 19.34 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 4350123764 | XXXX | XXXX | C | A | C | A | C | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-The lender confirmed the LTV finding/waiver is not required per the lender's guides. - Due Diligence Vendor-XXXX Open-Audited LTV of 80% exceeds Guideline LTV of 75% Lender states there is a mandatory 5% reduction in LTV for XXXX county, so we have capped the LTV at 75. Unable to locate this requirement in guides. Exception is uploaded. - Due Diligence Vendor-XXXX |
Resolved-The lender confirmed the LTV finding/waiver is not required per the lender's guides. - Due Diligence Vendor-XXXX |
Qualifying DTI below maximum allowed - Qualifying DTI 19.34% below maximum allowed Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 19.34 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |||
| XXXX | 4350123764 | XXXX | XXXX | C | A | C | A | C | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | Closing | Missing evidence appraisal delivered to borrower a minimum of 3 days prior to closing | Resolved-Upon further review no additional documentation required. - Due Diligence Vendor-XXXX Open-Missing evidence of appraisal being received 3 or more days prior to closing was not met. - Due Diligence Vendor-XXXX |
Resolved-Upon further review no additional documentation required. - Due Diligence Vendor-XXXX |
Qualifying DTI below maximum allowed - Qualifying DTI 19.34% below maximum allowed Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 19.34 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XXXX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |||
| XXXX | 4350123758 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received credit refresh confirming mortgage paid current - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. refresh showing updated mtg history - Seller-XXXX Open-Housing History Does Not Meet Guideline Requirements Missing Housing history payment being made for primary residence, credit report only provided XXXX and mortgage statement XXXX XXXX XXXX - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. refresh showing updated mtg history - Seller-XXXX |
Resolved-Received credit refresh confirming mortgage paid current - Due Diligence Vendor-XXXX |
On time mortgage history exceeds guideline requirement - On Time Mortgage History = 60 Months Required = 12 months Months Reserves exceed minimum required - 10.12 months PITIA reserves; 3 months reserves required. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 4350123758 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator Waiver applied to non-material finding with comp factors - Lender exception for FM exposure over 10 loans/XXXX mm and property concentration. - Due Diligence Vendor-XXXX Open-Lender exception for FM exposure over 10 loans/XXXX mm and property concentration. - Due Diligence Vendor-XXXX |
Waived-Originator Waiver applied to non-material finding with comp factors - Lender exception for FM exposure over 10 loans/XXXX mm and property concentration. - Due Diligence Vendor-XXXX |
On time mortgage history exceeds guideline requirement - On Time Mortgage History = 60 Months Required = 12 months Months Reserves exceed minimum required - 10.12 months PITIA reserves; 3 months reserves required. |
experienced investor 24+ reserves |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX | ||
| XXXX | 4350123754 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Assets | Cash Out Does Not Meet Guideline Requirements | Waived-Client exception granted to allow cash-out on property owned less than 6 months. Waiver applied to non-material finding with comp factors. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. exception from XXXX (investor) - Seller-XXXX Open-Per guidelines - A minimum borrower seasoning requirement of six (6) months is required for a transaction to be eligible for cash-out. Borrower has had ownership < 6 months per title - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. exception from XXXX (investor) - Seller-XXXX |
Waived-Client exception granted to allow cash-out on property owned less than 6 months. Waiver applied to non-material finding with comp factors. - Due Diligence Vendor-XXXX |
On time mortgage history exceeds guideline requirement - On time mortgage history >24 months exceeds guideline requirement. Months Reserves exceed minimum required - 11.87 months PITIA reserves; 3 months reserves required. |
Reserves are 4 months over the guideline requirement Housing payment history 0x30x24 Experienced investor |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX |
| XXXX | 4350123754 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received credit refresh reflecting mortgage paid current. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Housing History Does Not Meet Guideline Requirements Missing proof primary residence is paid up to date, credit report only provided XXXX and mortgage statement XXXX XXXX XXXX - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Received credit refresh reflecting mortgage paid current. - Due Diligence Vendor-XXXX |
On time mortgage history exceeds guideline requirement - On time mortgage history >24 months exceeds guideline requirement. Months Reserves exceed minimum required - 11.87 months PITIA reserves; 3 months reserves required. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 4350123754 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator waiver applied to non-material finding with comp factors - Due Diligence Vendor-XXXX Open-Lender Exception for FM exposure over 10 loans /XXXX mm and property concentration. - Due Diligence Vendor-XXXX |
Waived-Originator waiver applied to non-material finding with comp factors - Due Diligence Vendor-XXXX |
On time mortgage history exceeds guideline requirement - On time mortgage history >24 months exceeds guideline requirement. Months Reserves exceed minimum required - 11.87 months PITIA reserves; 3 months reserves required. |
experienced investor 24+ mos reserves |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX | ||
| XXXX | 4350123756 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Assets | Cash Out Does Not Meet Guideline Requirements | Waived--Client exception granted to allow cash-out on property owned less than 6 months. Waiver applied to non-material finding with comp factors. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. exception from XXXX (investor) - Seller-XXXX Open-Per guidelines - A minimum borrower seasoning requirement of six (6) months is required for a transaction to be eligible for cash-out. Borrower has had ownership < 6 months per title - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. exception from XXXX (investor) - Seller-XXXX |
Waived--Client exception granted to allow cash-out on property owned less than 6 months. Waiver applied to non-material finding with comp factors. - Due Diligence Vendor-XXXX |
Months Reserves exceed minimum required - 13 months PITIA reserves; 3 months reserves required. Credit history exceeds minimum required - credit history exceeds minimum required. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | XXXX | |
| XXXX | 4350123756 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Calculated DSCR does not meet the Minimum DSCR allowed | Resolved--Actual rents used in DSCR ratio by originator. - Due Diligence Vendor-XXXX Counter-Received 1008 reflecting DSCR calculation of 0.983. Minimum DSCR 1.00 for cash out > 70% LTV. Finding remains. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. please see our DSCR calculation on the enclosed 1008 - Seller-XXXX Open-The Calculated DSCR of '0.983' is less than the minimum DSCR per lender guidelines of '1'. Minimum DSCR 1.00 for cash out > 70% LTV - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. please see our DSCR calculation on the enclosed 1008 - Seller-XXXX |
Resolved--Actual rents used in DSCR ratio by originator. - Due Diligence Vendor-XXXX |
Months Reserves exceed minimum required - 13 months PITIA reserves; 3 months reserves required. Credit history exceeds minimum required - credit history exceeds minimum required. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 4350123756 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received credit refresh reflecting mortgage payment paid current. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. updated mtg history - Seller-XXXX Open-Housing History Does Not Meet Guideline Requirements Missing proof primary residence is paid up to date, (XXXX and XXXX); the credit report for only thru XXXX XXXX XXXX. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. updated mtg history - Seller-XXXX |
Resolved-Received credit refresh reflecting mortgage payment paid current. - Due Diligence Vendor-XXXX |
Months Reserves exceed minimum required - 13 months PITIA reserves; 3 months reserves required. Credit history exceeds minimum required - credit history exceeds minimum required. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 4350123756 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator waiver applied to non-material finding with comp factors - Due Diligence Vendor-XXXX Open-Lender exception for FM exposure over 10 loans/XXXXmm and property concentration. - Due Diligence Vendor-XXXX |
Waived-Originator waiver applied to non-material finding with comp factors - Due Diligence Vendor-XXXX |
Months Reserves exceed minimum required - 13 months PITIA reserves; 3 months reserves required. Credit history exceeds minimum required - credit history exceeds minimum required. |
experienced investor 24+mos reserves |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX | ||
| XXXX | 4350123755 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Assets | Cash Out Does Not Meet Guideline Requirements | Waived-Investor waiver applied to non-material finding with compensating factors. To allow for cash out seasoning less than 6 months. - Due Diligence Vendor-XXXX Open-Per guidelines - A minimum borrower seasoning requirement of six (6) months is required for a transaction to be eligible for cash-out. Borrower has had ownership < 6 months per title - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. exception from XXXX (investor) - Seller-XXXX |
Ready for Review-Document Uploaded. exception from XXXX (investor) - Seller-XXXX |
Waived-Investor waiver applied to non-material finding with compensating factors. To allow for cash out seasoning less than 6 months. - Due Diligence Vendor-XXXX |
Months Reserves exceed minimum required - 11.87 months PITIA reserves; 3 months reserves required. DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.09 min DSCR 1.00 |
Reserves are 4 months or more than guideline requirement housing payment history 0x30x24 Experienced investor |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | XXXX |
| XXXX | 4350123755 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received credit refresh confirming mortgage paid current. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. updated mtg history - Seller-XXXX Open-Housing History Does Not Meet Guideline Requirements Missing proof primary residence is paid up to date, (XXXX and XXXX); the credit report for only thru XXXX XXXX XXXX. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. updated mtg history - Seller-XXXX |
Resolved-Received credit refresh confirming mortgage paid current. - Due Diligence Vendor-XXXX |
Months Reserves exceed minimum required - 11.87 months PITIA reserves; 3 months reserves required. DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.09 min DSCR 1.00 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 4350123755 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator waiver applied to non-material finding with comp factors - Due Diligence Vendor-XXXX Open-Exception for exposure over 10 loans/XXXXmm and property concentration - Due Diligence Vendor-XXXX |
Waived-Originator waiver applied to non-material finding with comp factors - Due Diligence Vendor-XXXX |
Months Reserves exceed minimum required - 11.87 months PITIA reserves; 3 months reserves required. DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.09 min DSCR 1.00 |
experienced investor 24+ mos reserves |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX | ||
| XXXX | 4350123757 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Assets | Cash Out Does Not Meet Guideline Requirements | Waived-Investor waiver applied to non-material finding with compensating factors. To allow for cash out seasoning under 6 months and to use current value. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. exception from XXXX (investor) - Seller-XXXX Open-Per guidelines - A minimum borrower seasoning requirement of six (6) months is required for a transaction to be eligible for cash-out. Borrower has had ownership < 6 months per title - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. exception from XXXX (investor) - Seller-XXXX |
Waived-Investor waiver applied to non-material finding with compensating factors. To allow for cash out seasoning under 6 months and to use current value. - Due Diligence Vendor-XXXX |
Months Reserves exceed minimum required - 11.1 months PITIA reserves; 3months reserves required. Credit history exceeds minimum required - Credit history exceeds minimum required |
Reserves are more than 4 months more than guidelines require Housing history 0x30x24 Seasoned investor having more than 2 properties |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | XXXX |
| XXXX | 4350123757 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received credit refresh reflecting mortgage dla XXXX and current. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. updated mtg history - Seller-XXXX Open-Housing History Does Not Meet Guideline Requirements Missing proof primary residence is paid up to date, (XXXX and XXXX); the credit report for only thru XXXX XXXX XXXX. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. updated mtg history - Seller-XXXX |
Resolved-Received credit refresh reflecting mortgage dla XXXX and current. - Due Diligence Vendor-XXXX |
Months Reserves exceed minimum required - 11.1 months PITIA reserves; 3months reserves required. Credit history exceeds minimum required - Credit history exceeds minimum required |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 4350123757 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator waiver applied to non-material finding with comp factors - Due Diligence Vendor-XXXX Open-Lender exception for FM exposure over 10 loans /XXXX mm and property concentration. - Due Diligence Vendor-XXXX |
Waived-Originator waiver applied to non-material finding with comp factors - Due Diligence Vendor-XXXX |
Months Reserves exceed minimum required - 11.1 months PITIA reserves; 3months reserves required. Credit history exceeds minimum required - Credit history exceeds minimum required |
experienced investor 24+ reserves |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | Originator Post-Close | N/A | XXXX | ||
| XXXX | 4350123759 | XXXX | XXXX | A | A | A | A | A | A | A | A | XXXX | XXXX | XXXX | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Purchase | NA | XXXX | ||||||||||||||
| XXXX | 4350123763 | XXXX | XXXX | D | A | D | A | A | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received clarification and CD showing judgements and parking violations paid. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Counter-Review did not receive noted document upload-please re upload - Due Diligence Vendor-XXXX Ready for Review-pls see attached cd from consecutive closing showing judgments paid. Same principals and guarantors so it was only reflected on one of the CD's. Section H on Page 2 of the CD - LOAN ID # XXXX - Seller-XXXX Open-Property Title Issue schedule B item#8 judgements and parking tickets not cleared. parking violations and judgements files. additional conditions may apply. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX Ready for Review-pls see attached cd from consecutive closing showing judgments paid. Same principals and guarantors so it was only reflected on one of the CD's. Section H on Page 2 of the CD - XXXX - Seller-XXXX |
Resolved-Received clarification and CD showing judgements and parking violations paid. - Due Diligence Vendor-XXXX |
Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 74.63 Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 773 Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 40.06 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 4350123763 | XXXX | XXXX | D | A | D | A | A | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-The PITIA documents were provided and verified the borrower would not have a first payment until XXXX, after the subject closing. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. reo docs attached - Seller-XXXX Open-Housing History Does Not Meet Guideline Requirements per REO REO XXXX is new FMH missing CD, payment letter and note to verify when first payment is due, provided prior VOM from XXXX. Additional findings may apply. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. reo docs attached - Seller-XXXX |
Resolved-The PITIA documents were provided and verified the borrower would not have a first payment until XXXX, after the subject closing. - Due Diligence Vendor-XXXX |
Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 74.63 Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 773 Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 40.06 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 4350123763 | XXXX | XXXX | D | A | D | A | A | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-The PITIA for property XXXX was provided. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Missing for REO XXXX new FMH loan payment letter, Note and CD; per final 1003 new lender is FMH. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-The PITIA for property XXXX was provided. - Due Diligence Vendor-XXXX |
Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 74.63 Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 773 Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 40.06 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 4350123761 | XXXX | XXXX | D | A | D | A | A | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Received payment letter, CD and note on REO XXXX confirming payment on 1003 is accurate. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Missing for REO XXXX new FMH loan payment letter, Note and CD; per final 1003 new lender is FMH. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Received payment letter, CD and note on REO XXXX confirming payment on 1003 is accurate. - Due Diligence Vendor-XXXX |
Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 69.02 Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 773 Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 40.06 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 4350123761 | XXXX | XXXX | D | A | D | A | A | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received CD, payment letter and note verifying first payment was not due prior to closing. Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. - Seller-XXXX Open-Housing History Does Not Meet Guideline Requirements Requirements per REO REO XXXX is new FMH missing CD, payment letter and note to verify when first payment is due, provided prior VOM from XXXX. Additional findings may apply. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. - Seller-XXXX |
Resolved-Received CD, payment letter and note verifying first payment was not due prior to closing. Housing History Meets Guideline Requirements - Due Diligence Vendor-XXXX |
Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 69.02 Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 773 Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 40.06 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 4350123760 | XXXX | XXXX | D | A | D | A | C | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard insurance dwelling coverage is not sufficient | Resolved-Received RCE. Insurance has sufficient coverage for dwelling A. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. RCE from insurance showing we have sufficient coverage - Seller-XXXX Open-Insufficient Coverage Amount for Insured Subject Property. Missing evidence of hazard insurance coverage equal to the lesser of Replacement Cost Estimator, Estimated cost to replace the dwelling from a recent appraisal, the unpaid principal balance of the mortgage. or 100% Replacement Cost Coverage as stated on the policy declaration page. Coverage noted on policy is less than the replacement cost estimate for Coverage A and B. Additional findings may apply. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. RCE from insurance showing we have sufficient coverage - Seller-XXXX |
Resolved-Received RCE. Insurance has sufficient coverage for dwelling A. - Due Diligence Vendor-XXXX |
Credit history exceeds minimum required - 24 months credit history exceeds minimum required Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 703 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 4350123760 | XXXX | XXXX | D | A | D | A | C | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Income - Bank Statements | Resolved-Received clarification regarding deposits. Nothing further required. - Due Diligence Vendor-XXXX Ready for Review-The deposits for the months referenced are not lower than the other six months. If anything, they were steadily inclining - Seller-XXXX Open-Missing satisfactory explanation for large fluctuations in B1's deposits. The deposits for XXXX, and September through XXXX XXXX were lower than the other six months. Additional findings may apply. - Due Diligence Vendor-XXXX |
Ready for Review-The deposits for the months referenced are not lower than the other six months. If anything, they were steadily inclining - Seller-XXXX |
Resolved-Received clarification regarding deposits. Nothing further required. - Due Diligence Vendor-XXXX |
Credit history exceeds minimum required - 24 months credit history exceeds minimum required Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 703 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | 4350123760 | XXXX | XXXX | D | A | D | A | C | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Letter of Explanation (Income) | Resolved-Received clarification explaining income. No further documentation needed. - Due Diligence Vendor-XXXX Ready for Review-There wasn't a significant decline from XXXX to YTD for B2. YTD is XXXX and XXXX is XXXX. Regardless, we qualified the borrower with the hourly income which is XXXX - Seller-XXXX Open-Missing satisfactory explanation for approximate 9.72% decline in B2's income from XXXX to YTD. Additional findings may apply. - Due Diligence Vendor-XXXX |
Ready for Review-There wasn't a significant decline from XXXX to YTD for B2. YTD is XXXX and XXXX is XXXX. Regardless, we qualified the borrower with the hourly income which is XXXX - Seller-XXXX |
Resolved-Received clarification explaining income. No further documentation needed. - Due Diligence Vendor-XXXX |
Credit history exceeds minimum required - 24 months credit history exceeds minimum required Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 703 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | 4350123760 | XXXX | XXXX | D | A | D | A | C | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | D | A | Credit | Missing Doc | Evidence of Property Tax Missing | Resolved-Received tax search showing tax amount and that taxes are current. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. tax search - Seller-XXXX Open-Missing Evidence of Property Tax 1. No documentation provided regarding taxes. Audit used the monthly amount disclosed on closing disclosure. Additional findings may apply. 2. Title to address if taxes are current. Title doc does not address and the Tax Record Information Sheet was not completed. Additional findings may apply. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. tax search - Seller-XXXX |
Resolved-Received tax search showing tax amount and that taxes are current. - Due Diligence Vendor-XXXX |
Credit history exceeds minimum required - 24 months credit history exceeds minimum required Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 703 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 4350123760 | XXXX | XXXX | D | A | D | A | C | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Upon further review of the judgement details, the last name which appears is different than the B2's last name. - Due Diligence Vendor-XXXX Ready for Review-The judgement on the title is clearly not the borrower's. It is a different name with a different spelling - Seller-XXXX Open-Property Title Issue Missing evidence that Item 9, a judgment against B2, was removed from title. Additional findings may apply. - Due Diligence Vendor-XXXX |
Ready for Review-The judgement on the title is clearly not the borrower's. It is a different name with a different spelling - Seller-XXXX |
Resolved-Upon further review of the judgement details, the last name which appears is different than the B2's last name. - Due Diligence Vendor-XXXX |
Credit history exceeds minimum required - 24 months credit history exceeds minimum required Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 703 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | 4350123760 | XXXX | XXXX | D | A | D | A | C | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Assets | Asset 6 Does Not Meet Guideline Requirements | Resolved-The gift documentation was provided. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. wire shows gift funds sent to Attorney, Attorney provided escrow letter, pls see attached. - Seller-XXXX Open-Asset 6 Does Not Meet Guideline Requirements Missing verification of donor availability of funds and transfer of gift funds meeting guideline requirements (a copy of the donor’s check and the borrower’s deposit slip, a copy of the donor’s withdrawal slip and the borrower’s deposit slip, a copy of the donor’s check to the closing agent, or a settlement statement showing receipt of the donor’s check. File included a gift letter only, and funds are required for closing. Additional findings may apply since Audit included the gift funds as available assets. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. wire shows gift funds sent to Attorney, Attorney provided escrow letter, pls see attached. - Seller-XXXX |
Resolved-The gift documentation was provided. - Due Diligence Vendor-XXXX |
Credit history exceeds minimum required - 24 months credit history exceeds minimum required Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 703 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 4350123760 | XXXX | XXXX | D | A | D | A | C | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | TRID | Revised Loan Estimate Delivery Date Test (prior to consummation) | Resolved-Received Doc tracking showing borrowers receipt. Finding Resolved. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. pls see attached detailed tracking, revised LE was delivered and received by borrower on XXXX. - Seller-XXXX Open------ Please provide evidence of borrower acknowledgement for Revised LE dated XXXX. Additional findings may apply upon receipt. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. pls see attached detailed tracking, revised LE was delivered and received by borrower on XXXX. - Seller-XXXX |
Resolved-Received Doc tracking showing borrowers receipt. Finding Resolved. - Due Diligence Vendor-XXXX |
Credit history exceeds minimum required - 24 months credit history exceeds minimum required Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 703 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 4350123760 | XXXX | XXXX | D | A | D | A | C | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received Doc tracking showing borrowers receipt. Finding Resolved. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. disclosure tracking along with e-consent - Seller-XXXX Open------ Please provide evidence of borrower acknowledgement for Revised LE dated XXXX. Additional findings may apply upon receipt. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. disclosure tracking along with e-consent - Seller-XXXX |
Resolved-Received Doc tracking showing borrowers receipt. Finding Resolved. - Due Diligence Vendor-XXXX |
Credit history exceeds minimum required - 24 months credit history exceeds minimum required Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 703 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XXXX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 4350123762 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. fraud report showing seller - Seller-XXXX Open-All Interested Parties Not Checked with Exclusionary Lists Missing Seller on the list - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. fraud report showing seller - Seller-XXXX |
Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-XXXX |
DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.8 Borrower has 1.354 Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 762 Required is 700 Borrower has 762 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 4350123762 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Incomplete | Resolved-Received certificate of good standing. - Due Diligence Vendor-XXXX Ready for Review-Document Uploaded. pls see attached showing as active - Seller-XXXX Open-The Business Entity Formation Document is incomplete Certificate of good standing is missing. Additional findings may apply. - Due Diligence Vendor-XXXX |
Ready for Review-Document Uploaded. pls see attached showing as active - Seller-XXXX |
Resolved-Received certificate of good standing. - Due Diligence Vendor-XXXX |
DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.8 Borrower has 1.354 Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 762 Required is 700 Borrower has 762 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 4350123762 | XXXX | XXXX | C | B | C | B | A | A | A | A | Closed | XXXX | XXXX | XXXX | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator exception granted to allow exceeding max concentration, Non-material waiver applied with comp factors. - Due Diligence Vendor-XXXX Open-FM aggregate exposure to a single borrower and/or household shall not exceed XXXX in current unpaid principal balance (UPB) or ten (XXXX) loans.. Exception for max concentration. Closed XXXX loans so far for loan volume XXXX. - Due Diligence Vendor-XXXX |
Waived-Originator exception granted to allow exceeding max concentration, Non-material waiver applied with comp factors. - Due Diligence Vendor-XXXX |
DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.8 Borrower has 1.354 Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 762 Required is 700 Borrower has 762 |
FICO 20 points or more above requirement Long Term Homeownership (> 5years) Minimal Consumer Debt |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XXXX | Investment | Purchase | NA | Originator Post-Close | Yes | XXXX |