|
Client Name:
|
||||
|
Client Project Name:
|
SEMT 2026-CD8
|
|||
|
Start - End Dates:
|
4/21/2026 - 10/1/2026
|
|||
|
Deal Loan Count:
|
496
|
|||
|
Waived Conditions Summary
|
||||
|
Review Scope
|
Category
|
Code
|
Description
|
Count
|
|
Credit
|
Terms/Guidelines
|
CRDTER110
|
Loan amount exceeds guideline maximum
|
1
|
|
Credit
|
Terms/Guidelines
|
CRDTER113
|
Loan amount is below guideline minimum
|
2
|
|
Credit
|
Terms/Guidelines
|
CRDTER4631
|
Loan parameters do not meet guidelines
|
4
|
|
Credit
|
Terms/Guidelines
|
CRDTER4643
|
Borrower does not meet guideline requirements
|
1
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH104
|
Credit score below guidelines
|
1
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH149
|
Missing support docs for VOM/VOR (e.g. cancelled checks)
|
1
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH1805
|
Debts/obligations not disclosed/accounted for at origination
|
1
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH193
|
Length of mortgage/rental history in file does not meet guideline requirement
|
7
|
|
Credit
|
DTI
|
CRDDTI105
|
Debt Ratio Exception XXX% or Less
|
7
|
|
Credit
|
LTV/CLTV
|
CRDLTV107
|
LTV Exception XXX% or Less
|
1
|
|
Credit
|
Income/Employment
|
CRDINC126
|
Length of employment/XXX does not meet guidelines
|
1
|
|
Credit
|
Income/Employment
|
CRDINC150
|
Income docs do not meet guidelines
|
1
|
|
Credit
|
Income/Employment
|
CRDINC2340
|
Employment verification does not meet guidelines
|
3
|
|
Credit
|
Income/Employment
|
CRDINC2408
|
Income verification does not meet guidelines
|
1
|
|
Credit
|
Income/Employment
|
CRDINC3204
|
Income Documentation Missing
|
1
|
|
Credit
|
Income/Employment
|
CRDINC888
|
Income Amount is Unsupported by Documentation in File
|
2
|
|
Credit
|
Insurance
|
CRDINSR289
|
Insufficient Hazard Insurance Coverage
|
1
|
|
Credit
|
Insurance
|
CRDINSR5351
|
Insurance Effective date is greater than the transaction date
|
3
|
|
Credit
|
Assets
|
CRDAST2670
|
Asset documentation is insufficient per guideline requirements
|
1
|
|
Credit
|
Assets
|
CRDAST3078
|
Insufficient # of months cash reserves for PITI per guideline requirements
|
5
|
|
Property Valuations
|
Property
|
PRVAPROP177
|
Property Issues Indicated
|
1
|
|
Property Valuations
|
Appraisal
|
PRVAAPPR3116
|
Missing updated valuation
|
1
|
|
Property Valuations
|
Appraisal
|
PRVAAPPR4789
|
Appraisal Deficiency
|
1
|
|
Compliance
|
Federal Consumer Protection
|
CMPFDCP847
|
TILA - ARM Loan Program Disclosure after XXX days from application
|
18
|
|
Compliance
|
Federal Consumer Protection
|
CMPFDCP849
|
TILA - Required ARM Loan Program Disclosure missing
|
6
|
|
Compliance
|
Federal Consumer Protection
|
CMPFDCP851
|
TILA - ARM Loan Program Disclosure does not contain minimum info
|
1
|
|
Compliance
|
Federal Higher-Priced
|
CMPFDHP1759
|
Federal higher-priced mortgage loan.
|
3
|
|
Compliance
|
RESPA
|
CMPRESPA2698
|
RESPA - List of homeowners counseling organizations not in file
|
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
|
23
|
|
Total
|
101
|
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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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