Exhibit 99.4 - Schedule 1
| ALT Loan ID | 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? |
| 2198986 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | HELOC Closure Letter Not Provided | Resolved-The Borrower Authorization to Close Out Home XXXXXXXX Line of Credit (HELOC) provided. - Due Diligence Vendor-XX/XX/XXXX Resolved-signed close letter provided. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached signed Close HELOC auth. Thank you. - Buyer-XX/XX/XXXX Open-The Borrower Authorization to Close Out Home XXXXXXXX Line of Credit (HELOC) was not provided. The HELOC Close letter in file is not signed by the borrowers. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-The Borrower Authorization to Close Out Home XXXXXXXX Line of Credit (HELOC) provided. - Due Diligence Vendor-XX/XX/XXXX Resolved-signed close letter provided. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Debt Consolidation | XXXXXXXX | N/A | N/A | |||||
| 2198986 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Disclosure | E-Consent documentation is missing for borrower(s) | Resolved-Lender provided evidence that appraisal was only delivered electronically. condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-E-Consent documentation for borrower(s) provided. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached signed LOE regarding the delivery of the Appraisal. Thank you. - Buyer-XX/XX/XXXX Counter-The letter stating that the borrowers accept documents electronically would be acceptable. condition remains the same - Due Diligence Vendor-XX/XX/XXXX Ready for Review-The Loan Officer obtained verbal consent to email the appraisal to the borrowers. Please advise if a Letter of Explanation would be acceptable to satisfy this condition. - Buyer-XX/XX/XXXX Open-E-Consent documentation is missing for borrower(s). There is evidence in file the valuation reports were sent electronically. Missing E-consent from both borrowers. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Lender provided evidence that appraisal was only delivered electronically. condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-E-Consent documentation for borrower(s) provided. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Debt Consolidation | XXXXXXXX | N/A | N/A | |||||
| 2199051 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Trade line count does not meet program requirements | Waived-Exception provided, Finding waived A policy exception was issued post-closing. Lender exception was provided with appropriate compensating factors. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX Waived-Exception provided, Finding waived. - Due Diligence Vendor-XX/XX/XXXX Acknowledged-Exception provided - cleared - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. XXXXXXXX Exception Approval - Insufficient Tradelines - Buyer-XX/XX/XXXX Open-Guidelines require 3 open and active tradelines with one tradeline seasoned for a minimum of 24 months. Exception on loan approval reflects the following compensating factors: Max LTV/CLTV/HCLTV = 20/90/90, Max DTI = 43.42 and max loan amount of $X,XXX.XX. The subject LTV = 33.46% and the DTI = 44.36% which do not meet compensating factor requirements. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Exception provided, Finding waived A policy exception was issued post-closing. Lender exception was provided with appropriate compensating factors. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX Waived-Exception provided, Finding waived. - Due Diligence Vendor-XX/XX/XXXX Acknowledged-Exception provided - cleared - Due Diligence Vendor-XX/XX/XXXX |
XXXX | LTV/CLTV/HCLTV = 20/90/90 Loan amount = $X,XXX.XX Max DTI = 43.42% 6 months reserves required. |
XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | Investor Post-Close | No | ||||
| 2199051 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | TRID Tolerance | Insufficient Change of Circumstance (XXXXXXXX) | Resolved-Documentation provided - COC dtd XX/XX/XXXX - Date of change XX/XX/XXXX - condition cleared - Due Diligence Vendor-XX/XX/XXXX Counter- - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Received processor certification for increase to points due to increase loan amount, CLTV & debt ratio increase. Change in circumstance dated XX/XX/XXXXnot valid. Increase of charges occurred XX/XX/XXXX. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. CD WITH COC XX/XX/XXXX WITH PROCESSOR CERT - Seller-XX/XX/XXXX Counter-Received a COC for the increase in points which states that points increased due to a loan amount increase. The loan amount increased from $X,XXX.XX to $X,XXX.XX, however, the points charged also increased from 1.662% to 2.78%. Provide a valid reason for the increase in the percentage of points charges. Condition remains. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-CD WITH COC XX/XX/XXXX - Seller-XX/XX/XXXX Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). The Discount Fee increased on the CD dated XX/XX/XXXX without a valid COC. No Cure. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. CD WITH COC XX/XX/XXXX WITH PROCESSOR CERT - Seller-XX/XX/XXXX Ready for Review-CD WITH COC XX/XX/XXXX - Seller-XX/XX/XXXX |
Resolved-Documentation provided - COC dtd XX/XX/XXXX - Date of change XX/XX/XXXX - condition cleared - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | ||||
| 2199051 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | TRID Tolerance | Charges That Cannot Increase Test (XXXXXXXX) | Resolved-Documentation provided - COC dtd XX/XX/XXXX - Date of change XX/XX/XXXX - condition cleared - Due Diligence Vendor-XX/XX/XXXX Counter-Received processor certification for increase to points due to increase loan amount, CLTV & debt ratio increase. Change in circumstance dated XX/XX/XXXXnot valid. Increase of charges occurred XX/XX/XXXX. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. CD WITH COC XX/XX/XXXX WITH PROCESSOR CERT - Buyer-XX/XX/XXXX Counter-Received a COC for the increase in points which states that points increased due to a loan amount increase. The loan amount increased from $X,XXX.XX to $X,XXX.XX, however, the points charged also increased from 1.662% to 2.78%. Provide a valid reason for the increase in the percentage of points charges. Condition remains. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. CD WITH COC XX/XX/XXXX - Seller-XX/XX/XXXX Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). The Loan Estimate, dated XX/XX/XXXX, reflects a Discount Fee of $X,XXX.XX. Final CD dated XX/XX/XXXX reflects a Discount Fee of $X,XXX.XX The loan file did not contain a valid COC to support the increase. No evidence of a tolerance cure was provided in file. A tolerance cure of $X,XXX.XX is required. Provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. CD WITH COC XX/XX/XXXX - Seller-XX/XX/XXXX |
Resolved-Documentation provided - COC dtd XX/XX/XXXX - Date of change XX/XX/XXXX - condition cleared - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | ||||
| 2199051 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Credit History taken into consideration does not meet requirements | Resolved-ATR Risk - Credit History taken into consideration meets requirements - Due Diligence Vendor-XX/XX/XXXX Open-ATR Risk - Credit History taken into consideration does not meet requirements - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Document Uploaded. Mortgage Loan History Update - 71 months reviewed with no lates. Date of Last Activity - XX/XX/XXXX - Buyer-XX/XX/XXXX Open-ATR Risk - Credit History taken into consideration does not meet requirements Guidelines require a satisfactory 12-month mortgage history for all mortgages. First lien mortgage for subject property reflects a satisfactory mortgage history through XX/XX/XXXX. Subject loan closed on XX/XX/XXXX. Provide evidence of XX/XX/XXXX mortgage payment. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-ATR Risk - Credit History taken into consideration meets requirements - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199051 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Mortgage Loan History Update - 71 months reviewed with no lates. Date of Last Activity - XX/XX/XXXX - Buyer-XX/XX/XXXX Open-Housing History Does Not Meet Guideline Requirements Guidelines require a satisfactory 12-month mortgage history for all mortgages. First lien mortgage for subject property reflects a satisfactory mortgage history through XX/XX/XXXX. Subject loan closed on XX/XX/XXXX. Provide evidence of XX/XX/XXXX mortgage payment. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199102 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Trade line count does not meet program requirements | Waived-Insufficient Tradelines. A minimum of 3 established open and active tradelines per the Matrix. A lender exception is present in the loan file, dated prior to consummation, providing adequate comp factors. Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX Waived-Insufficient Tradelines. A minimum of 3 established open and active tradelines per the Matrix. A lender exception is present in the loan file, dated prior to consummation, providing adequate comp factors. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached Exception Approval. Thank you. - Buyer-XX/XX/XXXX Open-Lender Exception Approval for 'Insufficient Tradelines' provided. Exception Approval notes: Max Loan Amount $X,XXX.XX (loan amt $X,XXX.XX); Max LTV/CLTV/HCLTV of 23/75/75 (1008 shows 27/80/105 & Audit determined 26.64/79.13/79.13~acknowledge LTV/CLTV 27/80 rounded & HCLTV 105 rounded using opening bal of 1st mtg); Max DTI 47% (1008 & Audit shows 49.61%/49.94%%. Lender to provide Exception Approval for Insufficient Loan Amount with 'Conditions/Comments' allowing actual Loan Amount, LTV/CLTV/HCLT, & DTI. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Insufficient Tradelines. A minimum of 3 established open and active tradelines per the Matrix. A lender exception is present in the loan file, dated prior to consummation, providing adequate comp factors. Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX Waived-Insufficient Tradelines. A minimum of 3 established open and active tradelines per the Matrix. A lender exception is present in the loan file, dated prior to consummation, providing adequate comp factors. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | Max Loan amount $X,XXX.XX vs Audit $X,XXX.XX LTV 28% vs audit 26.64% CLTV/HTLV 80% vs Audit 79.13% DTI 49.99 vs Audit 49.94% FICO 813 vs 813 |
XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | Originator Pre-Close | Yes | ||||
| 2199102 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Monthly HOI, Taxes, Assessment payments do not meet requirements | Resolved-ATR Risk - Monthly HOI, Taxes, Assessment payments meet requirements - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached XXX Dues, revised Final 1008 and revised Final URLA. Thank you. - Buyer-XX/XX/XXXX Open-ATR Risk - Monthly HOI, Taxes, Assessment payments do not meet requirements Lender to provide supporting documentation regarding the subject property's XXX dues. 1008/Final 1003 provided discloses $X,XXX.XX/mth however no verification provided. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-ATR Risk - Monthly HOI, Taxes, Assessment payments meet requirements - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198889 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Cured | 2 - Non-Material | Compliance | Mavent | Fees: Limited | Cured-Refund check, tracking, letter of explanation received. Lender provided letter of explanation to the borrower, copy of cure check, post-closing CD and proof of delivery. This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Resolved-Refund check, tracking, letter of explanation received. Resolved - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached XXXX -Check Image - PCCD. Thank you. - Buyer-XX/XX/XXXX Counter-Review of the Final CD and compliance, the total of all fees paid by the borrower to the lender $X,XXX.XX exceeds 2% of the loan amount $X,XXX.XX a refund of $X,XXX.XX would cure this condition. Provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Please confirm whether a refund to the borrower would be acceptable to satisfy this condition. Thank you. - Buyer-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open-The total of all fees paid by the borrower to the lender $X,XXX.XX exceeds 2% of the loan amount $X,XXX.XX. The XXXXXXXX Residential Lending, Brokerage, and Servicing Act limits the brokerage commission to 2% of the loan amount. Brokerage commissions include all fees paid to parties for services performed in the origination and placement of mortgage loans with third party lenders, whether the loans are closed directly in the name of the lender or in the name of another party with the intention to sell and transfer the loan; provided such sale or transfer is completed within one year from closing. (XXXXXXXX XXXXXXXX; TN XXXXXXXX - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Cured-Refund check, tracking, letter of explanation received. Lender provided letter of explanation to the borrower, copy of cure check, post-closing CD and proof of delivery. This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Resolved-Refund check, tracking, letter of explanation received. Resolved - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198889 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | TRID Tolerance | Insufficient Change of Circumstance (XXXXXXXX) | Resolved-Received COC. - Due Diligence Vendor-XX/XX/XXXX Resolved-. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached COC issued XX/XX/XXXX. Thank you. - Seller-XX/XX/XXXX Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). The Loan Estimate, dated XX/XX/XXXX, reflects a Loan Discount of $X,XXX.XX. Final CD dated reflects a Loan Discount Fee of $X,XXX.XX. The loan file did not contain a valid COC to support the increase. No evidence of a tolerance cure was provided in file. A tolerance cure of $X,XXX.XX is required. Provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. Please see the attached COC issued XX/XX/XXXX. Thank you. - Seller-XX/XX/XXXX |
Resolved-Received COC. - Due Diligence Vendor-XX/XX/XXXX Resolved-. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | ||||
| 2198889 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | TRID Tolerance | Charges That Cannot Increase Test (XXXXXXXX) | Resolved-Received COC. - Due Diligence Vendor-XX/XX/XXXX Resolved-. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached COC issued XX/XX/XXXX. Thank you. - Buyer-XX/XX/XXXX Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). The Loan Estimate, dated XX/XX/XXXX, reflects a Loan Discount of $X,XXX.XX. Final CD dated reflects a Loan Discount Fee of $X,XXX.XX. The loan file did not contain a valid COC to support the increase. No evidence of a tolerance cure was provided in file. A tolerance cure of $X,XXX.XX is required. Provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Received COC. - Due Diligence Vendor-XX/XX/XXXX Resolved-. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199093 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Audited Reserves of 42.11 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached 2 months bank statement for XXXXXXXX XXXXXXXX and first quarter statement for XXXXXXXX 401K and Terms of withdraw information. Also, attached are the final SASS & PCCD showing borrower brought $X,XXX.XX to closing. Thank you. - Seller-XX/XX/XXXX Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 3 month(s) Guidelines, Section 13.2, require 3 months PITIA Reserves for stand alone second liens > 80% CLTV. The subject loan was 84.76% CLTV and no verified reserves were provided. - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. Please see the attached 2 months bank statement for XXXXXXXX XXXXXXXX and first quarter statement for XXXXXXXX 401K and Terms of withdraw information. Also, attached are the final SASS & PCCD showing borrower brought $X,XXX.XX to closing. Thank you. - Seller-XX/XX/XXXX |
Resolved-Audited Reserves of 42.11 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Debt Consolidation | XXXXXXXX | N/A | N/A | ||||
| 2199093 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Assets | Insufficient asset documentation in file - assets do not cover closing costs | Resolved-Sufficient asset documentation provided. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached 2 months bank statement for XXXXXXXX XXXXXXXX and first quarter statement for XXXXXXXX 401K and Terms of withdraw information. Also, attached are the final SASS & PCCD showing borrower brought $X,XXX.XX to closing. Thank you. - Seller-XX/XX/XXXX Open-Insufficient asset documentation in file - assets do not cover closing costs. The Final CD shows borrower was required to bring $X,XXX.XX to close. No verified assets provided. - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. Please see the attached 2 months bank statement for XXXXXXXX XXXXXXXX and first quarter statement for XXXXXXXX 401K and Terms of withdraw information. Also, attached are the final SASS & PCCD showing borrower brought $X,XXX.XX to closing. Thank you. - Seller-XX/XX/XXXX |
Resolved-Sufficient asset documentation provided. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Debt Consolidation | XXXXXXXX | N/A | N/A | ||||
| 2199093 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Assets | Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount | Resolved-Total Qualified Assets for Reserves Post-Close of $X,XXX.XX is equal to or greater than Total Required Reserve Amount of $X,XXX.XX - Due Diligence Vendor-XX/XX/XXXX Resolved-Total Qualified Assets for Reserves Post-Close of $X,XXX.XX is equal to or greater than Total Required Reserve Amount of $X,XXX.XX - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached 2 months bank statement for XXXXXXXX XXXXXXXX and first quarter statement for XXXXXXXX 401K and Terms of withdraw information. Also, attached are the final SASS & PCCD showing borrower brought $X,XXX.XX to closing. Thank you. - Seller-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 Guidelines, Section 13.2, require 3 months PITIA Reserves for stand alone second liens > 80% CLTV. The subject loan was 84.76% CLTV and no verified reserves were provided. - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. Please see the attached 2 months bank statement for XXXXXXXX XXXXXXXX and first quarter statement for XXXXXXXX 401K and Terms of withdraw information. Also, attached are the final SASS & PCCD showing borrower brought $X,XXX.XX to closing. Thank you. - Seller-XX/XX/XXXX |
Resolved-Total Qualified Assets for Reserves Post-Close of $X,XXX.XX is equal to or greater than Total Required Reserve Amount of $X,XXX.XX - Due Diligence Vendor-XX/XX/XXXX Resolved-Total Qualified Assets for Reserves Post-Close of $X,XXX.XX is equal to or greater than Total Required Reserve Amount of $X,XXX.XX - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Debt Consolidation | XXXXXXXX | N/A | N/A | ||||
| 2199093 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements | Resolved-ATR Risk - Current Income or Current Assets were considered - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached 2 months bank statement for XXXXXXXX XXXXXXXX and first quarter statement for XXXXXXXX 401K and Terms of withdraw information. Also, attached are the final SASS & PCCD showing borrower brought $X,XXX.XX to closing. Thank you. - Seller-XX/XX/XXXX Open-ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements No verified assets provided to cover $X,XXX.XX funds for closing + 3 months reserves. - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. Please see the attached 2 months bank statement for XXXXXXXX XXXXXXXX and first quarter statement for XXXXXXXX 401K and Terms of withdraw information. Also, attached are the final SASS & PCCD showing borrower brought $X,XXX.XX to closing. Thank you. - Seller-XX/XX/XXXX |
Resolved-ATR Risk - Current Income or Current Assets were considered - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Debt Consolidation | XXXXXXXX | N/A | N/A | ||||
| 2198949 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Property | Missing Doc | File does not contain all required valuation documents | Cured-Received copy of refund check to borrower, letter of explanation, PCCD and proof of mailing Lender provided letter of explanation to the borrower, copy of cure check, post-closing CD and proof of delivery. This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Resolved-Received copy of refund check to borrower, letter of explanation, PCCD and proof of mailing. Resolved. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached XXXX-Check Image-PCCD. Thank you. - Buyer-XX/XX/XXXX Open-The final CD reflects a fee charged for an AVM and the loan file includes an invoice for the AVM to XXXXX. However, the supporting AVM was not included in the file. - Due Diligence Vendor-XX/XX/XXXX |
Cured-Received copy of refund check to borrower, letter of explanation, PCCD and proof of mailing Lender provided letter of explanation to the borrower, copy of cure check, post-closing CD and proof of delivery. This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Resolved-Received copy of refund check to borrower, letter of explanation, PCCD and proof of mailing. Resolved. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Debt Consolidation | XXXXXXXX | N/A | N/A | |||||
| 2199134 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Missing letter of explanation | Cured-Lender provided letter of explanation to the borrower, copy of cure check, post-closing CD and proof of delivery. This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Resolved-Received PCCD, copy of refund check, letter of explanation and proof of mailing. Resolved. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached XXXX-Check Image-PCCD. Thank you. - Buyer-XX/XX/XXXX Open-Lender to provide explanation regarding the AVM fee of $X,XXX.XX (invoice provided & shown on Final CD. AVM was not provided. Provide AVM or acceptable LOX why the AVM was not provided and charged. Additional conditions may apply. - Due Diligence Vendor-XX/XX/XXXX |
Cured-Lender provided letter of explanation to the borrower, copy of cure check, post-closing CD and proof of delivery. This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Resolved-Received PCCD, copy of refund check, letter of explanation and proof of mailing. Resolved. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2206917 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | HELOC Closure Letter Not Provided | Resolved-Lender provided HELOC closure letter signed and dated by borrower. condition resolved - Due Diligence Vendor-XX/XX/XXXX Resolved-The Borrower Authorization to Close Out Home XXXXXXXX Line of Credit (HELOC) provided. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. HELOC AUTHORIZATION TO CLOSE - Buyer-XX/XX/XXXX Open-The Borrower Authorization to Close Out Home XXXXXXXX Line of Credit (HELOC) was not provided. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Lender provided HELOC closure letter signed and dated by borrower. condition resolved - Due Diligence Vendor-XX/XX/XXXX Resolved-The Borrower Authorization to Close Out Home XXXXXXXX Line of Credit (HELOC) provided. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198958 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Eligibility | Valuation Product Does Not Meet Guidelines | Resolved-Exterior PCI dated XX/XX/XXXX received. Resolved. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Counter-Per Guidelines, when two AVM reports are used for value, an AVM through XXXXX XXXXXXX with an Exterior Property Condition Report is required. The Property Condition Report (PCI) was not in file - PCI not provided - condition retained. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-Per Guidelines, when two AVM reports are used for value, an AVM through XXXXX XXXXXXX with an Exterior Property Condition Report is required. The Property Condition Report (PCI) was not in file. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Exterior PCI dated XX/XX/XXXX received. Resolved. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199082 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Missing VOM or VOR | Resolved-Lender provided payment history for 12 months to fulfill VOM requirements. Condition resolved - Due Diligence Vendor-XX/XX/XXXX Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached Pay History for XXXXXXXX HELOC. Thank you. - Buyer-XX/XX/XXXX Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Lender guidelines require a payment history reporting a minimum of 0x30x24 for all open mortgages. The current HELOC being paid with the subject transaction is not reported on the credit bureau and only 1 statement was provided. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Lender provided payment history for 12 months to fulfill VOM requirements. Condition resolved - Due Diligence Vendor-XX/XX/XXXX Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXXXXXX | N/A | N/A | |||||
| 2199082 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | HELOC Closure Letter Not Provided | Resolved-Lender provided HELOC closure letter signed and dated by borrower. Condition resolved - Due Diligence Vendor-XX/XX/XXXX Resolved-The Borrower Authorization to Close Out Home XXXXXXXX Line of Credit (HELOC) provided. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached signed HELOC payoff and close letter. Thank you. - Buyer-XX/XX/XXXX Open-The Borrower Authorization to Close Out Home XXXXXXXX Line of Credit (HELOC) was not provided. The Borrower Authorization to Close Out from XXXXXXXX XXXXXXXX Line of Credit (HELOC) was not provided. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Lender provided HELOC closure letter signed and dated by borrower. Condition resolved - Due Diligence Vendor-XX/XX/XXXX Resolved-The Borrower Authorization to Close Out Home XXXXXXXX Line of Credit (HELOC) provided. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXXXXXX | N/A | N/A | |||||
| 2199114 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements | Resolved-Received award letter providing $X,XXX.XX/month payable for lifetime. Resolved. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached Pension Award Letter. Thank you. - Buyer-XX/XX/XXXX Open-ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements Lender to provide verification of continuance (3 years) for B1's pension/retirement income supporting $XXXX.XX/mth. XXXX 1099's provided however B is not of retirement age and continuance of 3 years is required. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Received award letter providing $X,XXX.XX/month payable for lifetime. Resolved. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199114 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Missing Proof of Other Income - Pension, Retirement, Disability (Borrower) | Resolved-Received award letter providing $X,XXX.XX/month payable for lifetime. Resolved. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached Pension Award Letter. Thank you. - Buyer-XX/XX/XXXX Open-There is no verification of the other income used to qualify. There should be an award letter/pension letter or current 1099 for Borrower1's other retirement, pension, disability type of income in file. Lender failed to provide verification of continuance (3 years) for B1's pension/retirement income supporting $XXXX.XX/mth. XXXX 1099's provided however B is not of retirement age and continuance of 3 years is required. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Received award letter providing $X,XXX.XX/month payable for lifetime. Resolved. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198885 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Required Documentation is Missing | Resolved-The lender provided the required documentation. Condition is resolved. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached XXXX - Check Image - PCCD. Thank you. - Buyer-XX/XX/XXXX Open-AVM was ordered with invoice in file. The borrower was charged for AVM on final CD. Please provide the missing the AVM or an LOX for why it was not provided. Additional conditions may apply. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-The lender provided the required documentation. Condition is resolved. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Investment | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198925 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Monthly HOI, Taxes, Assessment payments do not meet requirements | Resolved-ATR Risk - Monthly HOI, Taxes, Assessment payments meet requirements - Due Diligence Vendor-XX/XX/XXXX Resolved-Received processor cert verify XXX dues of $X,XXX.XX monthly. Resolved. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-ATR Risk - Monthly HOI, Taxes, Assessment payments do not meet requirements Missing document to verify XXX dues of $X,XXX.XX from proposed monthly payment. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-ATR Risk - Monthly HOI, Taxes, Assessment payments meet requirements - Due Diligence Vendor-XX/XX/XXXX Resolved-Received processor cert verify XXX dues of $X,XXX.XX monthly. Resolved. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198925 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Required Documentation is Missing | Resolved-Received processor cert verify XXX dues of $X,XXX.XX monthly. Resolved. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-Missing document to verify XXX dues of $X,XXX.XX from proposed monthly payment. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Received processor cert verify XXX dues of $X,XXX.XX monthly. Resolved. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198907 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Cured | 2 - Non-Material | Compliance | TRID Tolerance | Charges That Cannot Increase Test (XXXXXXXX) | Cured-Lender provided letter of explanation to the borrower, copy of cure check, post-closing CD and proof of delivery. This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Cured-The lender cured the charges that cannot increase. Condition cured. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached XXXX -Check IMAGE- PCCD. Thank you. - Seller-XX/XX/XXXX Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Appraisal Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). The Loan Estimate, dated XX/XX/XXXX, does not reflect a Automated Value Fee of $X,XXX.XX. Final CD dated XX/XX/XXXX reflects an Automated Value Fee of $X,XXX.XX. No evidence of a tolerance cure was provided in file. A tolerance cure of $X,XXX.XX is required. Provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. Please see the attached XXXX -Check IMAGE- PCCD. Thank you. - Seller-XX/XX/XXXX |
Cured-Lender provided letter of explanation to the borrower, copy of cure check, post-closing CD and proof of delivery. This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Cured-The lender cured the charges that cannot increase. Condition cured. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | ||||
| 2198907 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Cured | 2 - Non-Material | Compliance | TRID Tolerance | Insufficient Change of Circumstance (XXXXXXXX) | Cured-Lender provided letter of explanation to the borrower, copy of cure check, post-closing CD and proof of delivery. This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Cured-The lender cured the charges that cannot increase. Condition cured. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached XXXX -Check IMAGE- PCCD. Thank you. - Buyer-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Appraisal Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). The Automated Value Fee increased on the CD dated XX/XX/XXXX without a valid COC. No Cure. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Cured-Lender provided letter of explanation to the borrower, copy of cure check, post-closing CD and proof of delivery. This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Cured-The lender cured the charges that cannot increase. Condition cured. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198907 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Monthly HOI, Taxes, Assessment payments do not meet requirements | Resolved-ATR Risk - Monthly HOI, Taxes, Assessment payments meet requirements - Due Diligence Vendor-XX/XX/XXXX Resolved-Received confirmed of XXX from settlement agent/processor in the amount of $X,XXX.XX/year. Resolved. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the confirmation of XXX Dues. Thank you. - Buyer-XX/XX/XXXX Open-ATR Risk - Monthly HOI, Taxes, Assessment payments do not meet requirements Missing XXX documentation - Due Diligence Vendor-XX/XX/XXXX |
Resolved-ATR Risk - Monthly HOI, Taxes, Assessment payments meet requirements - Due Diligence Vendor-XX/XX/XXXX Resolved-Received confirmed of XXX from settlement agent/processor in the amount of $X,XXX.XX/year. Resolved. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198907 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Required Documentation is Missing | Resolved-Received confirmed of XXX from settlement agent/processor in the amount of $X,XXX.XX/year. Resolved. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the confirmation of XXX Dues. Thank you. - Buyer-XX/XX/XXXX Open-Required Documentation Missing XXX document for subject property. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Received confirmed of XXX from settlement agent/processor in the amount of $X,XXX.XX/year. Resolved. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198883 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Rescission:Disbursement | Federal - Right of Rescission (Loan Disbursement Violation) (TILA) | Resolved-PCCD received. Resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved- - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open-The loan disbursement date (XX/XX/XXXX) is earlier than, or the same day as, the calculated "Right to Cancel Expire Date" (XX/XX/XXXX). Under Regulation Z, funds may not be disbursed to the borrower until after the expiration of the rescission period. (Reg Z, 12 CFR 1026.23(c) and Official Staff Commentary) The loan disbursement date (XX/XX/XXXX) is earlier than, or the same day as, the calculated "Right to Cancel Expire Date" (XX/XX/XXXX). Under Regulation Z, funds may not be disbursed to the borrower until after the expiration of the rescission period. (Reg Z, 12 CFR 1026.23(c) and Official Staff Commentary). - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Resolved-PCCD received. Resolved. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199107 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Acknowledged | 2 - Non-Material | Compliance | Payment:1stPayment | XXXXXXXX - Days to First Payment | Acknowledged-This loan includes a first payment date of (XX/XX/XXXX) and consummation date of (XX/XX/XXXX). The XXXXXXXX Second Mortgage Loan Interest Provisions prohibit the days until first payment from exceeding 45 days. (XXXXXXXX Rev. Stat. 408.232.2) This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Acknowledged-This loan includes a first payment date of (XX/XX/XXXX) and consummation date of (XX/XX/XXXX). The XXXXXXXX Second Mortgage Loan Interest Provisions prohibit the days until first payment from exceeding 45 days. (XXXXXXXX Rev. Stat. 408.232.2) This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | Investor Post-Close | No | |||||
| 2198940 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Missing Doc | Homeownership Counseling Organizations Disclosure Missing or Incomplete | Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached Homeownership Counseling Disclosure. Thank you. - Buyer-XX/XX/XXXX Open-Homeownership Counseling Organizations Disclosure Missing or Incomplete Homeownership Counseling Organizations Disclosure Missing - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198913 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Citizenship Documentation Not Provided | Resolved-Borrower 1 Citizenship Documentation Provided or Not Required - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached permanent resident card. Thank you. - Buyer-XX/XX/XXXX Open-Borrower 1 Citizenship Documentation Is Missing The loan application shows Borrower as Permanent Resident Alien. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Borrower 1 Citizenship Documentation Provided or Not Required - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198982 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Audited Reserves of 4.61 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. ASSETS - BANK STATEMENT - Seller-XX/XX/XXXX Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. ASSETS - BANK STATEMENT - Seller-XX/XX/XXXX |
Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Audited Reserves of 4.61 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | ||||
| 2198982 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Assets | Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Total Qualified Assets for Reserves Post-Close of $X,XXX.XX is equal to or greater than Total Required Reserve Amount of $X,XXX.XX - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. ASSETS - BANK STATEMENT - Seller-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 3 months reserves required per lender guidelines for CLTV > 80%. Cash proceeds from a cash-out refinance transaction on the subject property are unacceptable source of reserves per XXXX guidelines. - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. ASSETS - BANK STATEMENT - Seller-XX/XX/XXXX |
Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Total Qualified Assets for Reserves Post-Close of $X,XXX.XX is equal to or greater than Total Required Reserve Amount of $X,XXX.XX - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | ||||
| 2198982 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-ATR Risk - Current Income or Current Assets were considered - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. ASSETS - BANK STATEMENT - Seller-XX/XX/XXXX Open-ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements Missing reserves - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. ASSETS - BANK STATEMENT - Seller-XX/XX/XXXX |
Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-ATR Risk - Current Income or Current Assets were considered - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | ||||
| 2199131 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Monthly HOI, Taxes, Assessment payments do not meet requirements | Resolved-ATR Risk - Monthly HOI, Taxes, Assessment payments meet requirements - Due Diligence Vendor-XX/XX/XXXX Resolved-Documentation provided - cleared - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-ATR Risk - Monthly HOI, Taxes, Assessment payments do not meet requirements Missing XXX documentation - Due Diligence Vendor-XX/XX/XXXX |
Resolved-ATR Risk - Monthly HOI, Taxes, Assessment payments meet requirements - Due Diligence Vendor-XX/XX/XXXX Resolved-Documentation provided - cleared - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Debt Consolidation | XXXXXXXX | N/A | N/A | |||||
| 2199131 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Missing Evidence of XXX Dues for Primary Residence | Resolved-Documentation provided - cleared - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Documentation provided - cleared - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-Missing Evidence of XXX Dues for Primary Residence Missing Evidence of XXX Dues $X,XXX.XX/Month) for Primary Residence - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Documentation provided - cleared - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Debt Consolidation | XXXXXXXX | N/A | N/A | |||||
| 2199019 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Missing Borrower Identification - Borrower 1 | Resolved-Condition resolved. provided the required documents. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Borrower Identification - Borrower 1 provided. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. See uploaded patriot act forms - Buyer-XX/XX/XXXX Open-Missing Borrower Identification - Borrower 1. Missing Patriot Act Form or borrowers ID - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Condition resolved. provided the required documents. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Borrower Identification - Borrower 1 provided. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199019 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Missing Borrower Identification - Borrower 2 | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Borrower Identification - Borrower 2 provided. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. See uploaded patriot act forms - Buyer-XX/XX/XXXX Open-Missing Borrower Identification - Borrower 2. Missing Patriot Act Form or borrowers ID - Due Diligence Vendor-XX/XX/XXXX |
Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Borrower Identification - Borrower 2 provided. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199130 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-Borrower 1 3rd Party VOE Prior to Close Missing - Due Diligence Vendor-XX/XX/XXXX |
Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198955 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Acknowledged | 2 - Non-Material | Compliance | Payment:1stPayment | XXXXXXXX - Days to First Payment | Acknowledged-This loan includes a first payment date of (XX/XX/XXXX) and consummation date of (XX/XX/XXXX). The XXXXXXXX Second Mortgage Loan Interest Provisions prohibit the days until first payment from exceeding 45 days. (XXXXXXXX Rev. Stat. 408.232.2) This finding is non-material and will be graded B - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Acknowledged-This loan includes a first payment date of (XX/XX/XXXX) and consummation date of (XX/XX/XXXX). The XXXXXXXX Second Mortgage Loan Interest Provisions prohibit the days until first payment from exceeding 45 days. (XXXXXXXX Rev. Stat. 408.232.2) This finding is non-material and will be graded B - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | Investor Post-Close | No | |||||
| 2198989 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | TRID Tolerance | Charges That Cannot Increase Test (XXXXXXXX) | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. CD - Initial with COC - Buyer-XX/XX/XXXX Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Wire Transfer Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). The Loan Estimate dated XX/XX/XXXX did not reflect a Title-Wire Transfer fee. Final CD dated XX/XX/XXXX reflects a Title Wire Transfer fee of $X,XXX.XX. Choose one. The loan file did not contain a valid COC to support the increase. No evidence of a tolerance cure was provided in file. A tolerance cure of $X,XXX.XX is required. Provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198989 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | TRID Tolerance | Insufficient Change of Circumstance (XXXXXXXX) | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. CD - Initial with COC - Seller-XX/XX/XXXX Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Wire Transfer Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). The Title-Wire Transfer Fee increased on the CD dated XX/XX/XXXX without a valid COC. No Cure. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. CD - Initial with COC - Seller-XX/XX/XXXX |
Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | ||||
| 2199075 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Closing | Borrower 3 Photo ID is expired | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Borrower 3 photo ID expiration date is XX/XX/XXXX and note is dated XX/XX/XXXX. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-Borrower 3 photo ID expiration date is XX/XX/XXXX and note is dated XX/XX/XXXX. Borrower 3 Photo ID is expired. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Borrower 3 photo ID expiration date is XX/XX/XXXX and note is dated XX/XX/XXXX. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Limited Cash Out - <1% of Loan Amount or $2000 | XXXXXXXX | N/A | N/A | |||||
| 2199068 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | HELOC Closure Letter Not Provided | Resolved-The Borrower Authorization to Close Out Home XXXXXXXX Line of Credit (HELOC) provided. - Due Diligence Vendor-XX/XX/XXXX Resolved-Signed HELOC closure letter received. Resolved. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-The Borrower Authorization to Close Out Home XXXXXXXX Line of Credit (HELOC) was not provided. Provide completed, fully executed XXXXXXXX Account Request for Termination. Document in file is not completed/signed. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-The Borrower Authorization to Close Out Home XXXXXXXX Line of Credit (HELOC) provided. - Due Diligence Vendor-XX/XX/XXXX Resolved-Signed HELOC closure letter received. Resolved. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198898 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Property | Value | Missing Valuation Review Product - 1 | Resolved-A valid secondary valuation supporting the origination appraisal value was provided. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. CDA - Buyer-XX/XX/XXXX Open-A valid secondary valuation supporting the origination appraisal value is not present. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-A valid secondary valuation supporting the origination appraisal value was provided. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198891 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Resolved-Lender provided the Initial Closing Disclosure dated XX/XX/XXXX. condition resolved. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Lender provided the Initial Closing Disclosure dated XX/XX/XXXX. condition resolved. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. CD - INITIAL XX/XX/XXXX - Seller-XX/XX/XXXX Open-Initial Closing disclosure is missing; compliance will be re-reviewed upon receipt of the initial CD. Additional conditions may apply. - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. CD - INITIAL XX/XX/XXXX - Seller-XX/XX/XXXX |
Resolved-Lender provided the Initial Closing Disclosure dated XX/XX/XXXX. condition resolved. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | ||||
| 2198891 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | TRID Tolerance | Charges That In Total Cannot Increase More Than 10% Test (XXXXXXXX) | Resolved-Lender provided the revised Closing Disclosure dated XX/XX/XXXX with change of circumstance. condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. CD-INITIAL DATED XX/XX/XXXX WITH COC - Buyer-XX/XX/XXXX Open-The total amount of the 10% category fees $X,XXX.XX has increased by more than 10% over the current baseline value of $X,XXX.XX. The total amount of fees in the 10% category cannot exceed $X,XXX.XX. The following fee(s) have either increased from their baseline disclosure or have been recently added: (Recording Fees – Mortgage/Deed of Trust). Any increase to an existing fee and/or the addition of a new fee that causes the 10% category threshold to be exceeded cannot occur unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee(s) or new fee(s). (12 CFR 1026.19(e)(3)(ii); 12 CFR 1026.19(e)(3)(iv)). The Loan Estimate, dated XX/XX/XXXX, reflects the baseline 10% fees at 110% as $X,XXX.XX. The 10% fees reflected on the Final CD dated XX/XX/XXXX total $X,XXX.XX. The loan file did not contain a valid COC to support the increase. No evidence of a tolerance cure was provided in file. A tolerance cure of $X,XXX.XX is required. Provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Lender provided the revised Closing Disclosure dated XX/XX/XXXX with change of circumstance. condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198891 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | TRID Tolerance | Charges That In Total Cannot Increase More Than 10% Test (XXXXXXXX) | Resolved-Lender provided the revised Closing Disclosure dated XX/XX/XXXX with change of circumstance. condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. CD-INITIAL DATED XX/XX/XXXX WITH COC - Seller-XX/XX/XXXX Open-The total amount of the 10% category fees on the last Closing Disclosure $X,XXX.XX has increased by more than 10% over the current baseline value of $X,XXX.XX. The total amount of fees in the 10% category cannot exceed $X,XXX.XX. The following fee(s) have either increased from their baseline disclosure or have been recently added: (Recording Fees – Mortgage/Deed of Trust). Any increase to an existing fee and/or the addition of a new fee that causes the 10% category threshold to be exceeded cannot occur unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee(s) or new fee(s). (12 CFR 1026.19(e)(3)(ii); 12 CFR 1026.19(e)(3)(iv)). The Loan Estimate, dated XX/XX/XXXX, reflects the baseline 10% fees at 110% as $X,XXX.XX. The 10% fees reflected on the Final CD dated XX/XX/XXXX total $X,XXX.XX. The loan file did not contain a valid COC to support the increase. No evidence of a tolerance cure was provided in file. A tolerance cure of $X,XXX.XX is required. Provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. CD-INITIAL DATED XX/XX/XXXX WITH COC - Seller-XX/XX/XXXX |
Resolved-Lender provided the revised Closing Disclosure dated XX/XX/XXXX with change of circumstance. condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | ||||
| 2198891 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Tolerance:Disclosure | Federal - Closing Disclosure and Consummation Date | Resolved-Lender provided the Initial Closing Disclosure dated XX/XX/XXXX. condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved- - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. CD - INITIAL XX/XX/XXXX - Seller-XX/XX/XXXX Open-The Initial Closing Disclosure Received Date of (XX/XX/XXXX) is not three business days before the consummation date of (XX/XX/XXXX). Three business days before the consummation date is (XX/XX/XXXX). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction no later than three business days before consummation. (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii)) Initial Closing disclosure is missing; compliance will be re-reviewed upon receipt of the initial CD. Additional conditions may apply. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. CD - INITIAL XX/XX/XXXX - Seller-XX/XX/XXXX |
Resolved-Lender provided the Initial Closing Disclosure dated XX/XX/XXXX. condition resolved. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | ||||
| 2198915 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Waived | 2 - Non-Material | Credit | Eligibility | Trade line count does not meet program requirements | Waived-Lender provided approved exception dated post consummation and all lender compensating factors have been documented and validated. A policy exception was issued post-closing. Lender exception was provided with appropriate compensating factors. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached Exception Approval. Thank you. - Buyer-XX/XX/XXXX Open-As per GL section 12.7, a minimum of 3 established open and active tradelines are required; however, credit report reflects only 2 open and active accounts, both seasoned for more than 24 months of which one of the tradelines is a mortgage account. - Due Diligence Vendor-XX/XX/XXXX |
Waived-Lender provided approved exception dated post consummation and all lender compensating factors have been documented and validated. A policy exception was issued post-closing. Lender exception was provided with appropriate compensating factors. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | Low DTI Low LTV/CLTV |
XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | Investor Post-Close | No | ||||
| 2198915 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Credit History taken into consideration does not meet requirements | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-ATR Risk - Credit History taken into consideration meets requirements - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached Exception Approval. Thank you. - Buyer-XX/XX/XXXX Open-ATR Risk - Credit History taken into consideration does not meet requirements As per GL section 12.7, a minimum of 3 established open and active tradelines are required; however, credit report reflects only 2 open and active accounts, both seasoned for more than 24 months of which one of the tradelines is a mortgage account. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-ATR Risk - Credit History taken into consideration meets requirements - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199120 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Monthly HOI, Taxes, Assessment payments do not meet requirements | Resolved-The lender provided the required documentation. Condition is resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-ATR Risk - Monthly HOI, Taxes, Assessment payments meet requirements - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Upon requesting clarification from the underwriter, it was explained that this $X,XXX.XX represents the shortage needed to balance the PITIA payment on the first lien. Please advise on how we can proceed. - Seller-XX/XX/XXXX Open-ATR Risk - Monthly HOI, Taxes, Assessment payments do not meet requirements Document is missing to verify other monthly payment of $X,XXX.XX as reflected on the 1008 - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Upon requesting clarification from the underwriter, it was explained that this $X,XXX.XX represents the shortage needed to balance the PITIA payment on the first lien. Please advise on how we can proceed. - Seller-XX/XX/XXXX |
Resolved-The lender provided the required documentation. Condition is resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-ATR Risk - Monthly HOI, Taxes, Assessment payments meet requirements - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | ||||
| 2199120 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Insurance | Hazard Insurance Effective Date is after the Disbursement Date | Resolved-Hazard Insurance Effective Date of XX/XX/XXXX is prior to or equal to the Disbursement Date of XX/XX/XXXX Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached hazard policy for XXXX. Thank you. - Buyer-XX/XX/XXXX Counter-The file would require either the prior hazard insurance policy or a statement of no claims from the current insurer. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Please advise whether a statement of no claims would satisfy this condition. Thank you. - 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 |
Resolved-Hazard Insurance Effective Date of XX/XX/XXXX is prior to or equal to the Disbursement Date of XX/XX/XXXX Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199120 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Required Documentation is Missing | Resolved-The lender provided the required documentation. Condition is resolved. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Upon requesting clarification from the underwriter, it was explained that this $X,XXX.XX represents the shortage needed to balance the PITIA payment on the first lien. Please advise on how we can proceed. - Buyer-XX/XX/XXXX Open-Document is missing to verify other monthly payment of $X,XXX.XX as reflected on the 1008 - Due Diligence Vendor-XX/XX/XXXX |
Resolved-The lender provided the required documentation. Condition is resolved. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198957 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Monthly HOI, Taxes, Assessment payments do not meet requirements | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-ATR Risk - Monthly HOI, Taxes, Assessment payments meet requirements - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Borrower quoted a higher amount of $X,XXX.XX, it is actually $X,XXX.XX - Buyer-XX/XX/XXXX Open-ATR Risk - Monthly HOI, Taxes, Assessment payments do not meet requirements Document is missing to verify subject property monthly XXX in the amount of $X,XXX.XX - Due Diligence Vendor-XX/XX/XXXX |
Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-ATR Risk - Monthly HOI, Taxes, Assessment payments meet requirements - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198957 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Required Documentation is Missing | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please disregard prior upload, we got the XXX figures now supporting the $X,XXX.XX mo. - Buyer-XX/XX/XXXX Ready for Review-Document Uploaded. The borrower stated a higher monthly amount of $X,XXX.XX, it is actually $X,XXX.XX/12 = $X,XXX.XX - Buyer-XX/XX/XXXX Open-Document is missing to verify subject property monthly XXX in the amount of $X,XXX.XX - Due Diligence Vendor-XX/XX/XXXX |
Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198882 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Cured | 2 - Non-Material | Compliance | Enterprise:FeeLimits | ER - XXXXXXXX Maximum Lender Fees | Cured-Received LOX, copy of refund check, PCCD, and proof of delivery. Lender provided letter of explanation to the borrower, copy of cure check, post-closing CD and proof of delivery. This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Cured-Received LOX, copy of refund check, PCCD, and proof of delivery. Lender provided letter of explanation to the borrower, copy of cure check, post-closing CD and proof of delivery. This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached XXXX - Check Image - PCCD. Thank you. - Buyer-XX/XX/XXXX Counter-A refund to bring total lender fee's to at or under 5% would cure violation. Condition remains open. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Please advise whether issuing a refund to the borrower would be an acceptable method to cure. If so, please confirm the appropriate refund amount. - Buyer-XX/XX/XXXX Open-The XXXXXXXX Mini-Code limits the total of all fees paid to the Lender and Broker to 5% of the loan amount. (XXXXXXXX XXXXXXXX; XXXXXXXX v. XXXXXXXX, XXXXXXXX (XXXX); XXXXXXXX State Bureau of Loans FAQ) - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Cured-Received LOX, copy of refund check, PCCD, and proof of delivery. Lender provided letter of explanation to the borrower, copy of cure check, post-closing CD and proof of delivery. This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Cured-Received LOX, copy of refund check, PCCD, and proof of delivery. Lender provided letter of explanation to the borrower, copy of cure check, post-closing CD and proof of delivery. This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198882 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Cured | 2 - Non-Material | Compliance | Fees:Limited | XXXXXXXX - Maximum Lender Points | Cured-Received LOX, copy of refund check, PCCD, and proof of delivery. Lender provided letter of explanation to the borrower, copy of cure check, post-closing CD and proof of delivery. This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Cured-Received LOX, copy of refund check, PCCD, and proof of delivery. Lender provided letter of explanation to the borrower, copy of cure check, post-closing CD and proof of delivery. This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached XXXX - Check Image - PCCD. Thank you. - Buyer-XX/XX/XXXX Open-The total of all fees paid to the Lender and Broker $X,XXX.XX exceeds the XXXXXXXX Mini-Code limit of 5% of the loan amount $X,XXX.XX. (XXXXXXXX XXXXXXXX; XXXXXXXX v. XXXXXXXX, XXXXXXXX (XXXX); XXXXXXXX State Bureau of Loans FAQ) - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Cured-Received LOX, copy of refund check, PCCD, and proof of delivery. Lender provided letter of explanation to the borrower, copy of cure check, post-closing CD and proof of delivery. This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Cured-Received LOX, copy of refund check, PCCD, and proof of delivery. Lender provided letter of explanation to the borrower, copy of cure check, post-closing CD and proof of delivery. This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199042 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Rescission:Disbursement | Federal - Right of Rescission (Loan Disbursement Violation) (TILA) | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached Final SASS and PCCD, both reflecting the disbursement date XX/XX/XXXX. Thank you. - Buyer-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open-The loan disbursement date (XX/XX/XXXX) is earlier than, or the same day as, the calculated "Right to Cancel Expire Date" (XX/XX/XXXX). Under Regulation Z, funds may not be disbursed to the borrower until after the expiration of the rescission period. (Reg Z, 12 CFR 1026.23(c) and Official Staff Commentary) Valid Finding. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199083 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | State Reg | XXXXXXXX 50(a)(6) Violation: Acknowledgment of Fair Market Value disclosure not signed by both Borrower(s) and Lender | Resolved-Evidence Acknowledgment of Fair Market Value disclosure signed by both Borrower(s) and Lender provided. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the fully executed XXXXXXXX Fair Market Value of Homestead Property Acknowledgement. Thank you. - Buyer-XX/XX/XXXX Open-XXXXXXXX 50(a)(6) Violation: Acknowledgment of Fair Market Value disclosure not signed by both Borrower(s) and Lender. The lender did not sign document. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Evidence Acknowledgment of Fair Market Value disclosure signed by both Borrower(s) and Lender provided. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199096 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Property | Value | Missing Valuation Review Product - 1 | Resolved-A valid secondary valuation supporting the origination appraisal value was provided. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Uploaded CDA - Buyer-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open-A valid secondary valuation supporting the origination appraisal value is not present. File contains a full appraisal report on form 1004. The XXXX CU and FHLCM LCA scores are both over 2.5. Loan file is missing a Collateral Desktop Analysis (CDA) as is required by Lender guidelines. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-A valid secondary valuation supporting the origination appraisal value was provided. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198926 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | TRID Tolerance | Charges That In Total Cannot Increase More Than 10% Test (XXXXXXXX) | Resolved-Tracking reflects 51// LE was sent XX/XX/XXXX. The XX/XX/XXXX CD was signed XX/XX/XXXX and is within 3 days of the XX/XX/XXXX COC. The fees were acknowledged timely. Condition cleared. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Loan Estimates (LE Issued) XX/XX/XXXX XX/XX/XXXX XX/XX/XXXX (latest LE) Closing Disclosures (CD Issued) XX/XX/XXXX (initial CD receipt) XX/XX/XXXX (Final CD) Loan Closed Date XX/XX/XXXX There is no required waiting period after issuing or acknowledging a revised LE (even with a COC). Please advise. - Buyer-XX/XX/XXXX Counter-Lender provided copy of LE dated XX/XX/XXXX that shows borrower received LE on XX/XX/XXXX. Please provide verification such as a Disclosure Tracker verifying Borrower reviewed the LE dated XX/XX/XXXX greater than 3 days prior to consummation. Condition retained. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Borrower signed LE dated XX/XX/XXXX - Buyer-XX/XX/XXXX Counter-Please provide evidence that the borrower viewed the LE on XX/XX/XXXX. If documented, this date will supersede the LE eSignature date of XX/XX/XXXX. Condition maintained. - Due Diligence Vendor-XX/XX/XXXX Escalated-. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-The borrower received a Loan Estimate on XX/XX/XXXX and a CD on XX/XX/XXXX. Borrower was aware of the Loan Estimate dated XX/XX/XXXX however, they signed the CD dated XX/XX/XXXX that reflected the current fees thinking the XX/XX/XXXX LE didn't need to be signed. Once the borrower was notified, they signed that LE dated XX/XX/XXXX on XX/XX/XXXX. - Buyer-XX/XX/XXXX Counter-The XX/XX/XXXX LE and COC were originally in file, but the LE was not signed by the borrower until XX/XX/XXXX, which is less than 3 days prior to consummation. Condition remains open. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Loan Estimate DATED XX/XX/XXXX WITH COC - SETTLEMENT FEE INCREASE - Buyer-XX/XX/XXXX Open-The total amount of the 10% category fees on the last Closing Disclosure $X,XXX.XX has increased by more than 10% over the current baseline value of $X,XXX.XX. The total amount of fees in the 10% category cannot exceed $X,XXX.XX. The following fee(s) have either increased from their baseline disclosure or have been recently added: (Settlement or Closing Fee). Any increase to an existing fee and/or the addition of a new fee that causes the 10% category threshold to be exceeded cannot occur unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee(s) or new fee(s). (12 CFR 1026.19(e)(3)(ii); 12 CFR 1026.19(e)(3)(iv)). The Initial Loan Estimate reflects the baseline 10% fees at 110% as $X,XXX.XX. The 10% fees reflected on the Final CD total is $X,XXX.XX. The loan file contained a valid COC to support the increase but was not acknowledged by the borrower 3 or more days prior to close. A tolerance cure of $X,XXX.XX is required. Provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Tracking reflects 51// LE was sent XX/XX/XXXX. The XX/XX/XXXX CD was signed XX/XX/XXXX and is within 3 days of the XX/XX/XXXX COC. The fees were acknowledged timely. Condition cleared. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198926 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | TRID Tolerance | Charges That In Total Cannot Increase More Than 10% Test (XXXXXXXX) | Resolved-Tracking reflects 51// LE was sent XX/XX/XXXX. The XX/XX/XXXX CD was signed XX/XX/XXXX and is within 3 days of the XX/XX/XXXX COC. The fees were acknowledged timely. Condition cleared. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Ready for Review- - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Request to have this escalated. TRID requires that it be issued within 3 business days of learning of the change and at least four business days prior to consummation. The borrower has already consented to electronic deliver prior to the COC LE being issued. A Valid eConsent was obtained on XX/XX/XXXX, the LE issued on XX/XX/XXXX is considered both delivered and received on that same date, regardless of when the borrower actually opened or signed it. The borrower has also acknowledged the fees on the CD issued a day later on XX/XX/XXXX. Please advise. - Buyer-XX/XX/XXXX Counter-Lender provided copy of LE dated XX/XX/XXXX that shows borrower received LE on XX/XX/XXXX. Please provide verification such as a Disclosure Tracker verifying Borrower reviewed the LE dated XX/XX/XXXX greater than 3 days prior to consummation. Condition retained. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Borrower signed LE dated XX/XX/XXXX - Seller-XX/XX/XXXX Counter-Please provide evidence that the borrower viewed the LE on XX/XX/XXXX. If documented, this date will supersede the LE eSignature date of XX/XX/XXXX. Condition maintained. - Due Diligence Vendor-XX/XX/XXXX Escalated-. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. The borrower received a Loan Estimate on XX/XX/XXXX and a CD on XX/XX/XXXX. Borrower was aware of the Loan Estimate dated XX/XX/XXXX however, they signed the CD dated XX/XX/XXXX that reflected the current fees thinking the XX/XX/XXXX LE didn't need to be signed. Once the borrower was notified, they signed that LE dated XX/XX/XXXX on XX/XX/XXXX. - Buyer-XX/XX/XXXX Counter-The XX/XX/XXXX LE and COC were originally in file, but the LE was not signed by the borrower until XX/XX/XXXX, which is less than 3 days prior to consummation. Condition remains open. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Loan Estimate DATED XX/XX/XXXX WITH COC - SETTLEMENT FEE INCREASE - Buyer-XX/XX/XXXX Open-The total amount of the 10% category fees $X,XXX.XX has increased by more than 10% over the current baseline value of $X,XXX.XX. The total amount of fees in the 10% category cannot exceed $X,XXX.XX. The following fee(s) have either increased from their baseline disclosure or have been recently added: (Settlement or Closing Fee). Any increase to an existing fee and/or the addition of a new fee that causes the 10% category threshold to be exceeded cannot occur unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee(s) or new fee(s). (12 CFR 1026.19(e)(3)(ii); 12 CFR 1026.19(e)(3)(iv)). The Initial Loan Estimate reflects the baseline 10% fees at 110% as $X,XXX.XX. The 10% fees reflected on the Final CD total is $X,XXX.XX. The loan file contained a valid COC to support the increase but was not acknowledged by the borrower 3 or more days prior to close. A tolerance cure of $X,XXX.XX is required. Provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. Borrower signed LE dated XX/XX/XXXX - Seller-XX/XX/XXXX |
Resolved-Tracking reflects 51// LE was sent XX/XX/XXXX. The XX/XX/XXXX CD was signed XX/XX/XXXX and is within 3 days of the XX/XX/XXXX COC. The fees were acknowledged timely. Condition cleared. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | ||||
| 2199136 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Missing Mortgage/Deed of Trust | Resolved-The Deed of Trust is Present - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. DEED OF TRUST - Seller-XX/XX/XXXX Counter-The 2nd deed provided is from a XXXX loan. Provide the subject Deed with borrower and notary signatures. Condition remains. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. RECORDED DEED OF TRUST - Buyer-XX/XX/XXXX Counter-The Deed of Trust is Missing The mortgage provided by the lender is missing borrower and Notary signatures. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. DEED OF TRUST - Seller-XX/XX/XXXX Open-The Deed of Trust is Missing - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. DEED OF TRUST - Seller-XX/XX/XXXX Ready for Review-Document Uploaded. DEED OF TRUST - Seller-XX/XX/XXXX |
Resolved-The Deed of Trust is Present - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | ||||
| 2199136 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Employment validation/verification standards do not meet requirements | Resolved-ATR Risk - Employment validation/verification standards meet requirements - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. VOE FOR B2 - LES PROVIDED B2 is active-duty military borrowers, “a Leave and Earnings Statement (LES) is required instead of a VOE.” The LES must generally be dated no more than 120 days before closing - Seller-XX/XX/XXXX Open-ATR Risk - Employment validation/verification standards do not meet requirements Missing VOE B2 - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. VOE FOR B2 - LES PROVIDED B2 is active-duty military borrowers, “a Leave and Earnings Statement (LES) is required instead of a VOE.” The LES must generally be dated no more than 120 days before closing - Seller-XX/XX/XXXX |
Resolved-ATR Risk - Employment validation/verification standards meet requirements - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | ||||
| 2199136 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Borrower 2 3rd Party VOE Prior to Close Missing | Resolved-Borrower 2 3rd Party VOE Prior to Close Was Provided or Not Applicable (Number of Borrowers equals 2) - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. VVOE FOR B2 - LES PROVIDED B2 is active-duty military borrowers, “a Leave and Earnings Statement (LES) is required instead of a VVOE.” The LES must generally be dated no more than 120 days before closing For an active military employee, a traditional verbal or written VOE is generally not required for VA qualification when a current LES is obtained and meets age requirements. - Buyer-XX/XX/XXXX Open-Borrower 2 3rd Party VOE Prior to Close Missing - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Borrower 2 3rd Party VOE Prior to Close Was Provided or Not Applicable (Number of Borrowers equals 2) - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198934 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Tolerance:Disclosure | Federal - Loan Estimate Received At Least Four Business Days Before Consummation | Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. LOAN ESTIMATE DATED XX/XX/XXXX - E CONSENT SHOWS BORROWER VIEWED XX/XX/XXXX ALTHOUGH IT WAS SIGNED XX/XX/XXXX. PLEASE ADVISE - Buyer-XX/XX/XXXX Open-The last Loan Estimate Received Date of (XX/XX/XXXX) is not 4 business days before the consummation date of (XX/XX/XXXX). Four business days before consummation is (XX/XX/XXXX). Under Regulation Z, a consumer must receive a revised Loan Estimate no later than 4 business days before consummation. (12 CFR 1026.19(e)(4)(ii)) Re-disclosed LE reflects Date Issued of XX/XX/XXXX. Borrower acknowledged receipt of re-disclosed LE on XX/XX/XXXX which is less than 4 business days prior to consummation. No Cure. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Resolved-The lender provided the required documentation. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX Resolved-Resolved - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199085 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Acknowledged | 2 - Non-Material | Compliance | Late:Grace | XXXXXXXX - Minimum Grace Period (Interest & Usury) | Acknowledged-The late fee grace period is (10.0). The XXXXXXXX Interest and Usury Act prohibits a late charge being imposed before the delinquency has continued for at least 15 days. (MD XXXXXXXX This finding is deemed non-material and will be rated B for all agencies. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Acknowledged-The late fee grace period is (10.0). The XXXXXXXX Interest and Usury Act prohibits a late charge being imposed before the delinquency has continued for at least 15 days. (MD XXXXXXXX This finding is deemed non-material and will be rated B for all agencies. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | Originator Post-Close | No | |||||
| 2198979 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Required Documentation is Missing | Resolved-Received an updated 1008. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. UPDATED 1008 - Transmittal Summary - Seller-XX/XX/XXXX Counter-Received corrected 1003, LOX, and 1008 for REO 3b. Provide an updated 1008 for the subject property removing REO 3b debt and updated the other income to $X,XXX.XX. Condition remains. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. UW CERT REGARDING MONTHLY DEBT FOR REO 3B AND CORRECT URLA AND 1008 FOR REO 3B - Seller-XX/XX/XXXX Open-Missing verification of housing payment (PITIA) for REO 3b on the final loan application. - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. UPDATED 1008 - Transmittal Summary - Seller-XX/XX/XXXX Ready for Review-Document Uploaded. UW CERT REGARDING MONTHLY DEBT FOR REO 3B AND CORRECT URLA AND 1008 FOR REO 3B - Seller-XX/XX/XXXX |
Resolved-Received an updated 1008. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | ||||
| 2198979 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Monthly Debt Obligations taken into consideration do not meet requirements | Resolved-ATR Risk - Monthly Debt Obligations taken into consideration meet requirements - Due Diligence Vendor-XX/XX/XXXX Open-ATR Risk - Monthly Debt Obligations taken into consideration do not meet requirements . - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. UW CERT REGARDING MONTHLY DEBT FOR REO 3B AND CORRECT URLA AND 1008 FOR REO 3B - Seller-XX/XX/XXXX Open-ATR Risk - Monthly Debt Obligations taken into consideration do not meet requirements Missing verification of housing payment (PITIA) for REO 3b on the final loan application. - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. UW CERT REGARDING MONTHLY DEBT FOR REO 3B AND CORRECT URLA AND 1008 FOR REO 3B - Seller-XX/XX/XXXX |
Resolved-ATR Risk - Monthly Debt Obligations taken into consideration meet requirements - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | ||||
| 2198979 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements | Resolved-ATR Risk - Current Income or Current Assets were considered - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. UW CERT REGARDING MONTHLY DEBT - Seller-XX/XX/XXXX Open-ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements Bonus income calculated incorrectly resulting in a DTI of 50.03% which exceeds guidelines. - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. UW CERT REGARDING MONTHLY DEBT - Seller-XX/XX/XXXX |
Resolved-ATR Risk - Current Income or Current Assets were considered - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | ||||
| 2198979 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-Audited DTI of 21.17% is less than or equal to Guideline DTI of 50% - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. UW CERT REGARDING MONTHLY DEBT EXPENSES - Seller-XX/XX/XXXX Open-Audited DTI of 50.03% exceeds Guideline DTI of 50% The loan was qualified using monthly bonus income of $X,XXX.XX which was derived using a 28.03-month average (XXXX, XXXX and YTD XXXX). However, per the paystubs in file, the XXXX bonus income of $X,XXX.XX is an "Annual Incentive Plan". Audit calculated bonus income of $X,XXX.XX $X,XXX.XX + $X,XXX.XX = $X,XXX.XX /24 = $X,XXX.XX. Using a 24-month average bonus income of $X,XXX.XX resulted in a DTI of 50.03% which exceeds max DTI of 50% allowed per Guidelines. - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. UW CERT REGARDING MONTHLY DEBT EXPENSES - Seller-XX/XX/XXXX |
Resolved-Audited DTI of 21.17% is less than or equal to Guideline DTI of 50% - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | ||||
| 2198979 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Missing Mortgage/Deed of Trust | Resolved-The Deed of Trust is Present - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. DEED OF TRUST - Seller-XX/XX/XXXX Open-The Deed of Trust is Missing - Due Diligence Vendor-XX/XX/XXXX |
Ready for Review-Document Uploaded. DEED OF TRUST - Seller-XX/XX/XXXX |
Resolved-The Deed of Trust is Present - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | ||||
| 2199062 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Missing Evidence of XXX Dues for Primary Residence | Resolved-Received verification of XXX for the Primary. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. XXX Dues for Primary Residence - Buyer-XX/XX/XXXX Open-Missing Evidence of XXX Dues for Primary Residence - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Received verification of XXX for the Primary. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Investment | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199123 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Title Document Missing | Resolved-Title Document is not Missing - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Preliminary Title XXXXXXXX - Buyer-XX/XX/XXXX Open-Title Document is missing Title Document Missing - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Title Document is not Missing - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199123 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Borrower 1 Balance Sheet Missing | Resolved-Borrower 1 Balance Sheet Provided - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. BALANCE SHEET - Buyer-XX/XX/XXXX Open-Borrower 1 Balance Sheet Missing The lender guideline 14.3 requires a P&L and Balance Sheet if closing is more than 90 days from the end of the last fiscal year. The file is missing a borrower prepared Balance sheet. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Borrower 1 Balance Sheet Provided - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199115 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Insurance | Hazard Insurance Effective Date is after the Disbursement Date | Resolved-Hazard Insurance Effective Date of XX/XX/XXXX is prior to or equal to the Disbursement Date of XX/XX/XXXX Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. This is a refinance and I have provided (prior policy XX/XX/XXXX to XX/XX/XXXX) and (current XX/XX/XXXX - XX/XX/XXXX) polices. - Buyer-XX/XX/XXXX Open-Hazard Insurance Effective Date of XX/XX/XXXX is after the Disbursement Date of XX/XX/XXXX A copy of the hazard insurance policy that was in effect at the time of the subject transaction is required. The loan file only contains a copy of the renewal policy with an effective date which is after the subject loan disbursement date. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Hazard Insurance Effective Date of XX/XX/XXXX is prior to or equal to the Disbursement Date of XX/XX/XXXX Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198896 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Missing Doc | Homeownership Counseling Organizations Disclosure Missing or Incomplete | Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable. This finding is non-material and will be rate a B for all agencies. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. HOMEOWNERSHIP COUNSELING DISCLOSURE - Buyer-XX/XX/XXXX Open-Homeownership Counseling Organizations Disclosure Missing or Incomplete The loan file is missing the Homeownership Counseling Organizations Disclosure. This finding is non-material and will be rate a B for all agencies. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable. This finding is non-material and will be rate a B for all agencies. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199098 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Disclosure | RESPA: AfBA Disclosure not provided timely | Resolved-Received ABD dated XX/XX/XXXX and verification sent to borrower. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached Initial Disclosure Packet, dated XX/XX/XXXX, loan comments stating the disclosures were sent via XXXX on XX/XX/XXXX and the XXXX Proof of Delivery. Thank you. - Buyer-XX/XX/XXXX Open-RESPA: The Affiliated Business Disclosure Date XX/XX/XXXX is not within three business days of Application Date XX/XX/XXXX. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Received ABD dated XX/XX/XXXX and verification sent to borrower. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199098 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Tolerance:Disclosure | Federal - Homeownership Counseling Disclosure Delivery | Resolved-Resolved - Initial Disclosure Packet, dated XX/XX/XXXX document uploaded. This finding is non-material and will be rate a B for all agencies. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached Initial Disclosure Packet, dated XX/XX/XXXX, loan comments stating the disclosures were sent via XXXX on XX/XX/XXXX and the XXXX Proof of Delivery. Thank you. - Buyer-XX/XX/XXXX Open-The Homeownership Counseling Organization Disclosure Sent Date (XX/XX/XXXX) is more than 3 business days from the Application Date (XX/XX/XXXX). Three business days from the Application Date is (XX/XX/XXXX). Under 12 CFR 1024.20, not later than three business days after receipt of an application, or information sufficient to complete an application, the lender must provide the applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant's location. (12 CFR 1024.20) This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Resolved - Initial Disclosure Packet, dated XX/XX/XXXX document uploaded. This finding is non-material and will be rate a B for all agencies. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199098 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Tolerance:Disclosure | Federal - Loan Estimate Mailed/Delivered Within Three Business Days of Application | Resolved-Resolved - Initial Disclosure Packet, dated XX/XX/XXXX document uploaded. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached Initial Disclosure Packet, dated XX/XX/XXXX, loan comments stating the disclosures were sent via XXXX on XX/XX/XXXX and the XXXX Proof of Delivery. Thank you. - Buyer-XX/XX/XXXX Open-The Initial Disclosure Date (XX/XX/XXXX) is more than 3 business days from the Application Date (XX/XX/XXXX). Three business days from the Application Date is (XX/XX/XXXX). Under Regulation Z, a Loan Estimate must be delivered or placed in the mail not later than the third business day after receiving a consumer's application.(12 CFR 1026.19(e)(1)(iii)) No cure. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Resolved - Initial Disclosure Packet, dated XX/XX/XXXX document uploaded. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199069 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Missing Borrower Identification - Borrower 1 | Resolved-Borrower Identification - Borrower 1 provided. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Uploaded borro ID - Buyer-XX/XX/XXXX Open-Missing Borrower Identification - Borrower 1. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Borrower Identification - Borrower 1 provided. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199069 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Credit | Missing Doc | Missing Borrower Identification - Borrower 2 | Resolved-Borrower Identification - Borrower 2 provided. - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Uploaded borro ID - Buyer-XX/XX/XXXX Open-Missing Borrower Identification - Borrower 2. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Borrower Identification - Borrower 2 provided. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2199113 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Rescission:Disbursement | Federal - Right of Rescission (Loan Disbursement Violation) (TILA) | Resolved-PCCD received - cleared - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-The loan disbursement date (XX/XX/XXXX) is earlier than, or the same day as, the calculated "Right to Cancel Expire Date" (XX/XX/XXXX). Under Regulation Z, funds may not be disbursed to the borrower until after the expiration of the rescission period. (Reg Z, 12 CFR 1026.23(c) and Official Staff Commentary) . Right to Cancel provided in the loan file reflects a transaction date of XX/XX/XXXX with an expiration date of XX/XX/XXXX. The loan disbursed on XX/XX/XXXX per the final CD, which did not give the Borrower a full 3 days rescission. Provide Letter of Explanation, Re-Disclose Correct Information, Proof of Borrower Receipt, and Re-open Rescission. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Resolved-PCCD received - cleared - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198931 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Tolerance:Disclosure | Federal - Closing Disclosure and Consummation Date | Resolved-Initial CD Document provided. Finding resolved - Due Diligence Vendor-XX/XX/XXXX Resolved-Initial CD Document provided. Finding resolved - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-The Initial Closing Disclosure Received Date of (XX/XX/XXXX) is not three business days before the consummation date of (XX/XX/XXXX). Three business days before the consummation date is (XX/XX/XXXX). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction no later than three business days before consummation. (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii)) The initial CD is missing from the loan file. Additional conditions may apply. No Cure. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Initial CD Document provided. Finding resolved - Due Diligence Vendor-XX/XX/XXXX Resolved-Initial CD Document provided. Finding resolved - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198931 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Missing Doc | Homeownership Counseling Organizations Disclosure Missing or Incomplete | Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-Homeownership Counseling Organizations Disclosure Missing or Incomplete. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198931 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Disclosure | E-Consent documentation is missing for borrower(s) | Resolved-E-Consent documentation for borrower(s) provided. - Due Diligence Vendor-XX/XX/XXXX Open-E-Consent documentation is missing for borrower(s). - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX Open-E-Consent documentation is missing for borrower(s). - Due Diligence Vendor-XX/XX/XXXX |
Resolved-E-Consent documentation for borrower(s) provided. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198901 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Missing Doc | Homeownership Counseling Organizations Disclosure Missing or Incomplete | Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see attached Homeowner disclosure - Buyer-XX/XX/XXXX Open-Homeownership Counseling Organizations Disclosure Missing or Incomplete Homeownership Counseling Organizations Disclosure is missing from the loan file. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Homeownership Counseling Disclosure Is Present or Not Applicable - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198908 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Rescission:Disbursement | Federal - Right of Rescission (Loan Disbursement Violation) (TILA) | Resolved-PCCD received - cleared - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached Final SASS and PCCD, both reflecting disbursement date XX/XX/XXXX. Thank you. - Buyer-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open-The loan disbursement date (XX/XX/XXXX) is earlier than, or the same day as, the calculated "Right to Cancel Expire Date" (XX/XX/XXXX). Under Regulation Z, funds may not be disbursed to the borrower until after the expiration of the rescission period. (Reg Z, 12 CFR 1026.23(c) and Official Staff Commentary) Right to Cancel provided in the loan file reflects a transaction date of XX/XX/XXXX with an expiration date of XX/XX/XXXX. The loan disbursed on XX/XX/XXXX per the final CD, which did not give the Borrower a full 3 days rescission. Provide Letter of Explanation, Re-Disclose Correct Information, Proof of Borrower Receipt, and Re-open Rescission. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Resolved-PCCD received - cleared - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198924 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Mavent | XXXXXXXX Fee Not Allowed- Wire Transfer Fee (Fee ID: 171) | Resolved-Received Letter of explanation, delivery confirmation and PCCD with refund of wire transfer fee. Resolved. Lender provided letter of explanation to the borrower, copy of cure check, post-closing CD and proof of delivery. This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. See refund check, pccd and XXXX to borrower - Buyer-XX/XX/XXXX Counter-Received lender rebuttal via email. The wire transfer fee is not one of the third-party fees listed in the regulation as an allowable charge. Additionally, the fee is paid to the lender in Section A. Condition remains. - Due Diligence Vendor-XX/XX/XXXX Open-Wire Transfer Fee (Fee ID: 171) is not allowed to be charged to the Borrower and paid to the Lender or Affiliate in XXXXXXXX under the XXXXXXXX XXXXXXXX Residential Mortgage Lending Act. The Act permits certain fees in a secondary mortgage loan only if the fees are paid to an unaffiliated third party provider. (XXXXXXXX XXXXXXXX; XXXXXXXX XXXXXXXX - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Received Letter of explanation, delivery confirmation and PCCD with refund of wire transfer fee. Resolved. Lender provided letter of explanation to the borrower, copy of cure check, post-closing CD and proof of delivery. This finding is non-material and will be rated a B grade. - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A | |||||
| 2198992 | XXXXXXXX | XXXXXXXX | Closed | XX/XX/XXXX | XX/XX/XXXX | Resolved | 1 - Information | Compliance | Rescission:Disbursement | Federal - Right of Rescission (Loan Disbursement Violation) (TILA) | Resolved-PCCD provided - cleared - Due Diligence Vendor-XX/XX/XXXX Ready for Review-Document Uploaded. Please see the attached Final SASS and PCCD, both reflecting disbursement date XX/XX/XXXX. Thank you. - Buyer-XX/XX/XXXX Open-The loan disbursement date (XX/XX/XXXX) is earlier than, or the same day as, the calculated "Right to Cancel Expire Date" (XX/XX/XXXX). Under Regulation Z, funds may not be disbursed to the borrower until after the expiration of the rescission period. (Reg Z, 12 CFR 1026.23(c) and Official Staff Commentary) The loan disbursement date reflected on the Closing Disclosure signed at closing is the same day at the calculated Right to Cancel Expire Date. The loan file does not document the loan disbursing on a later date. - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX Open- - Due Diligence Vendor-XX/XX/XXXX |
Resolved-PCCD provided - cleared - Due Diligence Vendor-XX/XX/XXXX |
XXXX | XXXXXXXX | Primary Residence | Refinance | Cash Out - Other | XXXXXXXX | N/A | N/A |