|
Client Name:
|
||||
|
Client Project Name:
|
SEMT 2026-14
|
|||
|
Start - End Dates:
|
5/19/2026 - 10/22/2026
|
|||
|
Deal Loan Count:
|
234
|
|||
|
Waived Conditions Summary
|
||||
|
Review Scope
|
Category
|
Code
|
Description
|
Count
|
|
Credit
|
Terms/Guidelines
|
CRDTER110
|
Loan amount exceeds guideline maximum
|
1
|
|
Credit
|
Terms/Guidelines
|
CRDTER3122
|
Loan documents do not meet guideline requirements
|
3
|
|
Credit
|
Terms/Guidelines
|
CRDTER4631
|
Loan parameters do not meet guidelines
|
1
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH193
|
Length of mortgage/rental history in file does not meet guideline requirement
|
2
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH3000
|
# of Tradelines Does Not Meet Guideline Requirements
|
1
|
|
Credit
|
LTV/CLTV
|
CRDLTV5736
|
LTV Exceeds Guideline Requirement by less than XXX%
|
1
|
|
Credit
|
Income/Employment
|
CRDINC2408
|
Income verification does not meet guidelines
|
1
|
|
Credit
|
Income/Employment
|
CRDINC2488
|
Verbal verification of employment missing
|
1
|
|
Credit
|
Income/Employment
|
CRDINC2496
|
Verbal verification of employment completed outside the stated requirements and/or after closing/funding
|
3
|
|
Credit
|
Income/Employment
|
CRDINC3204
|
Income Documentation Missing
|
1
|
|
Credit
|
Income/Employment
|
CRDINC3258
|
Missing Profit and Loss statement for one or more XXX borrowers
|
2
|
|
Credit
|
Income/Employment
|
CRDINC888
|
Income Amount is Unsupported by Documentation in File
|
2
|
|
Credit
|
Insurance
|
CRDINSR5351
|
Insurance Effective date is greater than the transaction date
|
4
|
|
Credit
|
Insurance
|
CRDINSR5352
|
Flood Effective date is greater than the transaction date
|
1
|
|
Property Valuations
|
Property
|
PRVAPROP177
|
Property Issues Indicated
|
1
|
|
Compliance
|
Right of Rescission
|
CMPROR1909
|
Incorrect ROR Form Used - XXX Form Used in Refinance With Original Creditor
|
3
|
|
Compliance
|
RESPA
|
CMPRESPA2700
|
RESPA - List of homeowners counseling organizations not provided w/in XXX days of application
|
4
|
|
Compliance
|
RESPA
|
CMPRESPA863
|
RESPA: Required Affiliate Business Disclosure missing
|
4
|
|
Total
|
36
|
|||
|
©2026 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which
it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited.
|
||||