GCAT 2022-NQM2 Trust ABS-15G/A
Exhibit 99.9
| Loan ID | Customer Loan ID | Seller Loan ID | Investor Loan Number | Loan Exception ID | Exception ID | Exception Date | Exception Type | Exception Category | Exception Subcategory | 15E Category | Exception | Exception Detail | Exception Information | Compensating Factors | Compensating Factor Information | Applying Party | Follow-up Comments | Cleared Date | Cured Date | Waived Date | Exception Level Grade | Exception Level Rating | Note Date | Property State | Occupancy | Purpose | Exception Remediation | Overall Initial Loan Grade |
Overall Final Loan Grade |
Credit Initial Loan Grade |
Credit Final Loan Grade |
Compliance Initial Loan Grade |
Compliance Final Loan Grade |
Property Initial Loan Grade |
Property Final Loan Grade |
Originator QM ATR Status | TPR QM ATR Status | Is Curable |
| 436293747 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender to provide acceptable completed ACH authorization form signed by borrower. | Reviewer Comment (2018-08-21): Updated guidelines provided and ACH not required |
08/21/2018 | 1 | A | NY | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293747 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Reviewer Comment (2018-08-21): Not required by [Redact] guidelines |
08/21/2018 | 1 | A | NY | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 436293747 | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Missing secondary valuation product required for securitization. | Reviewer Comment (2019-05-13): Desk review obtained supporting appraised value |
05/13/2019 | 1 | A | NY | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 436293931 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Reviewer Comment (2021-11-10): Received, clearing. Seller Comment (2021-11-10): A of O provided |
11/10/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293931 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Reviewer Comment (2021-11-04): Received, clearing. Seller Comment (2021-11-03): cert of good standing |
11/04/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293931 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Reviewer Comment (2021-11-04): Received, clearing. Seller Comment (2021-11-03): corporate resolution |
11/04/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293931 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Reviewer Comment (2021-11-04): Received, clearing. Seller Comment (2021-11-03): Operating Agreement |
11/04/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293931 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-11-22): Received, clearing. Seller Comment (2021-11-22): PCI Report |
11/22/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293931 | Credit | Missing Document | General | Missing Document | ACH was missing from file. | Reviewer Comment (2021-11-03): ACH not required |
11/03/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293931 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-04): Received, clearing. Seller Comment (2021-11-03): attestation form |
11/04/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293931 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Track Record Report not provided | Reviewer Comment (2021-11-05): NA, clearing. Buyer Comment (2021-11-04): landlord experience is NOT required on CDL loans, also confirmed with UW manager. please clear this one and the other loans, thanks! Reviewer Comment (2021-11-04): A record of the prior experience and success of past rentals. Buyer Comment (2021-11-03): Can we get further clarification on what a tracking record report is? |
11/05/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293932 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-11-19): Received, clearing. Seller Comment (2021-11-19): PCI Report |
11/19/2021 | 1 | A | NY | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | No | |||||||||||||||||||
| 436293932 | Credit | Missing Document | General | Missing Document | ACH was missing from file. | Reviewer Comment (2021-11-03): ACH not required |
11/03/2021 | 1 | A | NY | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | No | |||||||||||||||||||
| 436293932 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Reviewer Comment (2021-11-04): Received. Clearing. Seller Comment (2021-11-04): CoG |
11/04/2021 | 1 | A | NY | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | No | |||||||||||||||||||
| 436293932 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. AVM provided is invalid. The FSD is greater than 0.2.; Sec ID: 12 | Reviewer Comment (2021-12-23): Received, Clearing. Reviewer Comment (2021-12-03): Up to buyer to determine there acceptance as this is an issue when trying to securitize. Seller Comment (2021-12-02): it's rate & term refinance, AVM: $[redacted] and Appraisal value: $[redacted]; we used the lower AVM value to qualify the loan. Reviewer Comment (2021-11-30): Required for securitization. Buyer Comment (2021-11-30): We do not have any criteria for confidence score, nor is this on our guidelines. Reviewer Comment (2021-11-30): In this case the Confidence Score is greater .[redacted] as it is at .[redacted]. SO the appraised vale is not supported. Buyer Comment (2021-11-30): please further advise what do you require to clear this condition, I'm not clear on "AVM provided is invalid" here mean |
12/23/2021 | 1 | A | NY | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | No | |||||||||||||||||||
| 436293932 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Bylaws not provided | Reviewer Comment (2021-11-04): Received. Clearing. Seller Comment (2021-11-04): Bylaws |
11/04/2021 | 1 | A | NY | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | No | |||||||||||||||||||
| 436293935 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Reviewer Comment (2021-11-04): Received, clearing. Seller Comment (2021-11-04): AKA member consent |
11/04/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293935 | Credit | Missing Document | General | Missing Document | ACH was missing from file. | Reviewer Comment (2021-11-03): ACH not required |
11/03/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293945 | Credit | Credit | Credit Eligibility | Credit | Borrower has | - ___ open Tradelines which is less than the minimum required by guidelines. | Lender Guidelines reflect Borrower must have minimum of three trade lines established for at least 12 months. | Reviewer Comment (2021-11-04): Received, clearing. Seller Comment (2021-11-03): alternative tradeline-credit supplement |
11/04/2021 | 1 | A | ME | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||
| 436293945 | Credit | Missing Document | General | Missing Document | ACH was missing from file. | Reviewer Comment (2021-11-03): ACH not required |
11/03/2021 | 1 | A | ME | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293945 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-04): Received, clearing. Seller Comment (2021-11-03): attestation form |
11/04/2021 | 1 | A | ME | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293948 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-11-22): Received, clearing. Seller Comment (2021-11-22): PCI Report |
11/22/2021 | 1 | A | NY | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293948 | Credit | Missing Document | General | Missing Document | ACH was missing from file. | Reviewer Comment (2021-11-03): ACH not required |
11/03/2021 | 1 | A | NY | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293948 | Credit | Asset | Asset Documentation | Asset | Missing Document: Asset Documentation not provided | [Redacted] Acct [Redacted] is a joint account. Please provide a LOX from [Redacted], stating borrower has [Redacted] access to funds. | Reviewer Comment (2021-11-04): Received, clearing. Seller Comment (2021-11-04): LOX from bor in lieu of LOX from borrower's son |
11/04/2021 | 1 | A | NY | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293949 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-11-19): Received, clearing exception. Seller Comment (2021-11-19): PCI Report |
11/19/2021 | 1 | A | NJ | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293949 | Credit | Missing Document | General | Missing Document | ACH was missing from file. | Reviewer Comment (2021-11-03): ACH not required |
11/03/2021 | 1 | A | NJ | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293952 | Credit | Missing Document | General | Missing Document | ACH was missing from file. | Reviewer Comment (2021-11-03): ACH not required |
11/03/2021 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293952 | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. | Reviewer Comment (2021-11-04): Received, clearing. Seller Comment (2021-11-04): listed on page [redacted] of uploaded HOI docs |
11/04/2021 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293952 | Credit | Insurance | Insurance Documentation | Insurance | Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. | Policy shows there is fair rental coverage, but we are missing the page where it details the amount and actual coverage. Please provide all pages to the policy. | Reviewer Comment (2021-11-04): Received, clearing. Seller Comment (2021-11-04): email confirmation on rent loss coverage from broker |
11/04/2021 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293955 | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds/Deposit not provided | Please provide source of funds for [Redacted] deposit into [Redacted] Acct [Redacted]. There is a check copy from borrower to borrower but no statements for account funds were drawn on. | Reviewer Comment (2021-11-30): Clearing Buyer Comment (2021-11-30): per CDL guideline, it's not required to be sourced, therefore, no statement was required by underwriter |
11/30/2021 | 1 | A | FL | Investment | Purchase | D | D | C | A | D | D | No | ||||||||||||||||||
| 436293955 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Reviewer Comment (2021-11-30): Received, clearing. Seller Comment (2021-11-30): Attached. |
11/30/2021 | 1 | A | FL | Investment | Purchase | D | D | C | A | D | D | No | |||||||||||||||||||
| 436293955 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. AVM supports value. Vendor/FSD do not meet Fitch criteria.; Sec ID: 10 | Note Date: ___; Lien Position: ___ | 2 | D | FL | Investment | Purchase | D | D | C | A | D | D | No | ||||||||||||||||||||
| 436293955 | Credit | Credit | Credit Eligibility | Credit | Borrower has | - ___ open Tradelines which is less than the minimum required by guidelines. | Guidelines require minimum three trade lines established for at least 12 months. | Reviewer Comment (2021-11-30): Clearing after re-review. Buyer Comment (2021-11-30): The borrower has [redacted] tradelines within [redacted] months. The [redacted] for [redacted] months, [redacted] for [redacted] and [redacted]. please refer to CDL guideline, "they can be active, inactive, paid, or closed. As long as we have at least a [redacted], that satisfies the [redacted]." |
11/30/2021 | 1 | A | FL | Investment | Purchase | D | D | C | A | D | D | No | |||||||||||||||||
| 436293878 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Loan file did not contain a post disaster inspection | Reviewer Comment (2021-12-03): Received, clearing. Seller Comment (2021-12-03): PCI Report |
12/03/2021 | 1 | A | NJ | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293878 | Credit | Missing Document | General | Missing Document | ACH was missing from file. | Loan file did not contain the ACH authorizaation, however, the document check list page 347 reflects it was sent to the borrower | Reviewer Comment (2021-11-03): ACH not required |
11/03/2021 | 1 | A | NJ | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293879 | Credit | Missing Document | General | Missing Document | ACH was missing from file. | Loan file did not contain the ACH authorization | Reviewer Comment (2021-11-03): ACH not required |
11/03/2021 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293879 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-09): Clearing. Seller Comment (2021-11-08): attestation |
11/09/2021 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293880 | Credit | Missing Document | General | Missing Document | ACH was missing from file. | Reviewer Comment (2021-11-03): ACH not required |
11/03/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293880 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-09): Clearing. Seller Comment (2021-11-08): attestation |
11/09/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293880 | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | Reviewer Comment (2021-11-09): Clearing. Seller Comment (2021-11-08): LOE-rent: month to month |
11/09/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293880 | Credit | Missing Document | General | Missing Document | Missing Document: Cancelled Check(s) not provided | Missing proof of receipt of 4 months of rent as required per matrix. | Reviewer Comment (2021-12-08): Clearing Buyer Comment (2021-12-08): I confirmed with my UW manager, here is the response: "First, month-to-month letters ARE acceptable. We do NOT need proof of receipt of the rental income. We will always qualify the loan on the lesser of the actual rents and market rents." please clear Reviewer Comment (2021-11-30): We need proof of the receipt of [redacted] months of payments of the month to month rent. Seller Comment (2021-11-30): LOE of rent: month to month Seller Comment (2021-11-08): not checks, month to month |
12/08/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293884 | Credit | Missing Document | General | Missing Document | ACH was missing from file. | Reviewer Comment (2021-11-03): ACH not required |
11/03/2021 | 1 | A | TX | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293884 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-09): Clearing. Seller Comment (2021-11-08): attestation |
11/09/2021 | 1 | A | TX | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293888 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Loan file does not contain the closing protection letter | Reviewer Comment (2021-11-30): Received, clearing. Seller Comment (2021-11-30): CPL |
11/30/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293888 | Credit | Credit | Credit Calculation / Analysis | Credit | Missing Document: Alternative Credit Documentation not provided | Borrower is a [Redacted] living outside the [Redacted] - No Fico score | Reviewer Comment (2021-11-30): Received, clearing. Buyer Comment (2021-11-30): it's not required for Foreign Nationals program, no SSN, no credit/fico also it's non-DTI loan. |
11/30/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293888 | Credit | Missing Document | General | Missing Document | ACH was missing from file. | Loan file did not contain the ACH authorization | Reviewer Comment (2021-11-03): ACH not required |
11/03/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293892 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-11-22): Received, clearing. Seller Comment (2021-11-22): PCI Report |
11/22/2021 | 1 | A | NJ | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293892 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-09): Clearing. Seller Comment (2021-11-08): attestation |
11/09/2021 | 1 | A | NJ | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293892 | Credit | Missing Document | General | Missing Document | ACH was missing from file. | Reviewer Comment (2021-11-03): ACH not required |
11/03/2021 | 1 | A | NJ | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293933 | Credit | Insurance | Insurance Documentation | Insurance | Missing Document: Flood Insurance Policy not provided | Reviewer Comment (2021-11-10): Received, Clearing. Seller Comment (2021-11-10): flood ins. |
11/10/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | N/A | No | |||||||||||||||
| 436293933 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Reviewer Comment (2021-11-10): Received, Clearing. Seller Comment (2021-11-10): HOI |
11/10/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | N/A | No | |||||||||||||||
| 436293933 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | Reviewer Comment (2021-11-18): Received, clearing Seller Comment (2021-11-18): Attached |
11/18/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | N/A | No | |||||||||||||||
| 436293933 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | The file was missing a copy of the final title policy. | Reviewer Comment (2021-11-22): Received, clearing. Seller Comment (2021-11-22): CPL&Commitment |
11/22/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | N/A | No | ||||||||||||||
| 436293933 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. AVM provided is invalid. The FSD is greater than 0.2.; Sec ID: 12 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2021-11-30): Clearing after re-review. Buyer Comment (2021-11-30): We do not have any criteria for confidence score, nor is this on our guidelines. |
11/30/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | N/A | No | ||||||||||||||
| 436293933 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Reviewer Comment (2021-11-10): Received, Clearing. Seller Comment (2021-11-10): fraud report-Naomi |
11/10/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | N/A | No | ||||||||||||||
| 436293933 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing evidence of mortgage payment, insurance and taxes to properly assess the REO costs. | Reviewer Comment (2021-11-10): Received, Clearing. Seller Comment (2021-11-10): see uploaded REO-DTI product guideline, it's not required |
11/10/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | N/A | No | |||||||||||||
| 436293933 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | FN NA on report | Reviewer Comment (2021-11-10): Received, Clearing. Seller Comment (2021-11-10): NA, but see LP cert |
11/10/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | N/A | No | ||||||||||||||
| 436293934 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | File is Missing a copy of the Credit Report. | Reviewer Comment (2021-11-10): Clearing. Buyer Comment (2021-11-10): not applicable for Foreign National Program |
11/10/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | N/A | No | ||||||||||||||
| 436293934 | Credit | Insurance | Insurance Documentation | Insurance | Missing Document: Flood Insurance Policy not provided | File is Missing a copy of the Flood Insurance Policy. | Reviewer Comment (2021-11-10): Clearing. Seller Comment (2021-11-10): flood ins. |
11/10/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | N/A | No | ||||||||||||||
| 436293934 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Credit Report is misisng. | Reviewer Comment (2021-11-10): Clearing. Buyer Comment (2021-11-10): not applicable for Foreign National Program |
11/10/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | N/A | No | |||||||||||||
| 436293934 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. AVM provided is invalid. The FSD is greater than 0.2.; Sec ID: 12 | Loan is to be securitized. AVM provided is invalid. The FSD is greater than [Redacted].; Sec ID: 12 | Reviewer Comment (2021-11-30): Clearing after re-review. Buyer Comment (2021-11-30): We do not have any criteria for confidence score, nor is this on our guidelines. |
11/30/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | N/A | No | ||||||||||||||
| 436293934 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | Guarantor agreement not provided. | Reviewer Comment (2021-11-18): Received, Clearing. Seller Comment (2021-11-18): Guaranty of Payment |
11/18/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | N/A | N/A | No | ||||||||||||||
| 436293937 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Appraisal was completed prior to disaster declaration on [Redacted]. Disaster final required. | Reviewer Comment (2021-11-22): Received, clearing. Seller Comment (2021-11-22): PCI Report |
11/22/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | D | D | C | A | B | B | D | D | N/A | N/A | No | ||||||||||||||
| 436293937 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Right to receive disclosure provided on [Redacted] | 2 | B | FL | Investment | Refinance - Cash-out - Other | D | D | C | A | B | B | D | D | N/A | N/A | No | |||||||||||||||
| 436293937 | Credit | Insurance | Insurance Documentation | Insurance | Missing Document: Hazard Dec Page not provided | Missing condominium blanket policy. | Reviewer Comment (2021-11-10): Clearing. Seller Comment (2021-11-10): COI and HO6 |
11/10/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | D | D | C | A | B | B | D | D | N/A | N/A | No | ||||||||||||||
| 436293937 | Credit | Insurance | Insurance Documentation | Insurance | Missing Document: Flood Insurance Policy not provided | Missing Flood Insurance policy. | Reviewer Comment (2021-11-10): Clearing. Seller Comment (2021-11-10): condo flood ins. |
11/10/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | D | D | C | A | B | B | D | D | N/A | N/A | No | ||||||||||||||
| 436293937 | Credit | Insurance | Insurance Documentation | Insurance | Flood Insurance Error: Insurance premium was not provided. | Missing Flood insurance policy. | Reviewer Comment (2021-11-10): Clearing. Seller Comment (2021-11-10): flood ins. -condo master policy |
11/10/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | D | D | C | A | B | B | D | D | N/A | N/A | No | ||||||||||||||
| 436293937 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. AVM supports value. Vendor/FSD do not meet Fitch criteria.; Sec ID: 10 | Note Date: ___; Lien Position: ___ | 2 | D | FL | Investment | Refinance - Cash-out - Other | D | D | C | A | B | B | D | D | N/A | N/A | No | ||||||||||||||||
| 436293938 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-11-19): Received, clearing. Seller Comment (2021-11-19): PCI Report |
11/19/2021 | 1 | A | NY | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | N/A | No | |||||||||||||||
| 436293938 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 | Reviewer Comment (2021-12-23): Received, Clearing. Reviewer Comment (2021-11-11): Exception remains. Seller Comment (2021-11-10): A secondary valuation was ordered on the property, however report issued a fail or "No Hit" |
12/23/2021 | 1 | A | NY | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | N/A | No | |||||||||||||||
| 436293938 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing HOA, insurance and tax verification for REO property [Redacted]. | Reviewer Comment (2021-11-11): Clearing. Buyer Comment (2021-11-11): Under our CDL program, only the mortgage payments must be verified. This property is free and clear as confirmed by our internal Fraud Report and the escrows were stated and accepted on the application. |
11/11/2021 | 1 | A | NY | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | N/A | No | |||||||||||||
| 436293939 | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | VOR/VOM document is not available. | Reviewer Comment (2021-11-11): clearing. Buyer Comment (2021-11-10): VOR: When borrowers purchase a primary residence, we do not require VOR for the property they will exit. The housing expense is no longer relevant. VOM is NOT applicable for this loan, no REO. |
11/11/2021 | 1 | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293939 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | The asset verification is one month from note date so another documentation for the next month needs to be included on File. | Reviewer Comment (2021-11-11): clearing. Seller Comment (2021-11-10): refer to our master guideline-Assets: see uploaded: [redacted] requirement |
11/11/2021 | 1 | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||
| 436293939 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | 2 | B | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||||
| 436293939 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redacted]). | Calculated Financial charge exceeds disclosed Financial charge. | Reviewer Comment (2021-12-02): Clearing. Buyer Comment (2021-12-02): We are not seeing any issues with this one. We need to know how much your calculated finance charge was off from what we have in order to proceed. |
12/02/2021 | 1 | A | FL | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||||||
| 436293939 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | Secondary Valuation is not available on file. | 2 | B | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293941 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-11-22): Received, clearing. Seller Comment (2021-11-22): PCI Report |
11/22/2021 | 1 | A | NY | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293941 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) | New York Subprime Loan: Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law. | The Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law. | 2 | B | NY | Primary | Refinance - Rate/Term | Provide the following: Letter of Explanation, corrected Mortgage (with required Legend), and proof of mailing. Best Practice would be to have signed and re-recorded Mortgage. (This will overwrite the existing Exception Remediation which reads: Provide the following: Corrected Mortgage (with required Legend), Letter of Explanation, and Proof of Delivery. Best Practice would be to have signed and re-recorded Mortgage.). | C | B | C | B | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||||||||
| 436293941 | Compliance | Compliance | State Compliance | State HPML | New York Subprime Home Loan Threshold Fixed Non-Compliant | New York Subprime Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted] + [Redacted]%, or [Redacted]%. Non-Compliant SubPrime Loan. | The APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted] +[Redacted]%, or [Redacted]%. | 2 | B | NY | Primary | Refinance - Rate/Term | While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status. Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender. There is no time limit for which such restitution must be made. | C | B | C | B | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||||||||
| 436293941 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2021-12-14): Received, Clearing. |
12/14/2021 | 1 | A | NY | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293941 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is in excess of allowable threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2021-12-14): Received, Clearing. Buyer Comment (2021-12-13): N/A |
12/14/2021 | 1 | A | NY | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293941 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2021-12-14): Received, Clearing. Buyer Comment (2021-12-13): This appraisal was transferred from the Broker. |
12/14/2021 | 1 | A | NY | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293941 | Credit | Guideline | Guideline Issue | Guideline | Refi Purpose reflects Rate/Term and cash out greater than the lesser of 2% of the loan amount or $2000. | Cash to Borrower: ___; Total Cash Out: ___; Refi Purpose: ___ | The qualifying DTI on the loan is at least 10% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has worked in the same position for more than 3 years. Borrower has verified disposable income of at least $2500.00. Borrower has been employed in the same industry for more than 5 years. |
Owner Owner Owner Owner Owner |
Reviewer Comment (2021-12-06): Exception provided. Seller Comment (2021-12-06): exception approval uploaded |
12/06/2021 | 2 | B | NY | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||
| 436293942 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance Error: Subject hazard insurance premium is missing from evidence of insurance. | Missing a copy of the hazard insurance policy | Reviewer Comment (2021-11-30): Received, clearing. Buyer Comment (2021-11-30): subject property is a coop, coop doesn't require individual unit hazard insurance per guideline, please clear |
11/30/2021 | 1 | A | NY | Primary | Purchase | D | B | C | A | B | B | D | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293942 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-12-07): Received, Clearing. Seller Comment (2021-12-07): PCI Report attached. |
12/07/2021 | 1 | A | NY | Primary | Purchase | D | B | C | A | B | B | D | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293942 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. AVM provided is invalid. The FSD is greater than 0.2.; Sec ID: 12 | Valid FSD score is [Redacted]=[Redacted] |
Reviewer Comment (2021-12-23): Received, Clearing. Reviewer Comment (2021-11-30): Required for securitization. Buyer Comment (2021-11-30): We do not have any criteria for confidence score, nor is this on our guidelines. |
12/23/2021 | 1 | A | NY | Primary | Purchase | D | B | C | A | B | B | D | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293942 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Reviewer Comment (2021-11-30): Received, clearing. Buyer Comment (2021-11-30): subject property is a coop, coop doesn't require individual unit hazard insurance per guideline, please clear |
11/30/2021 | 1 | A | NY | Primary | Purchase | D | B | C | A | B | B | D | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293942 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | 2 | B | NY | Primary | Purchase | D | B | C | A | B | B | D | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||||
| 436293942 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) | New York Subprime Loan: Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law. | 2 | B | NY | Primary | Purchase | Provide the following: Letter of Explanation, corrected Mortgage (with required Legend), and proof of mailing. Best Practice would be to have signed and re-recorded Mortgage. (This will overwrite the existing Exception Remediation which reads: Provide the following: Corrected Mortgage (with required Legend), Letter of Explanation, and Proof of Delivery. Best Practice would be to have signed and re-recorded Mortgage.). | D | B | C | A | B | B | D | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||||||||
| 436293942 | Compliance | Compliance | State Compliance | State HPML | (State HPML Provision) New York Subprime Loan (Escrow Not Established) | New York Subprime Loan: Mandatory escrow account not established for the collection of property taxes and insurance. (Note: Does not apply to a subordinate lien when the taxes and insurance are escrowed through another home loan. It also does not apply if the borrower can demonstrate a record of 12 months of timely payments of taxes and insurance on a previous home loan.) | 2 | B | NY | Primary | Purchase | D | B | C | A | B | B | D | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||||
| 436293942 | Compliance | Compliance | State Compliance | State HPML | New York Subprime Home Loan Threshold Fixed Non-Compliant | New York Subprime Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is in excess of allowable threshold of [Redacted] Market Rate [Redacted] + [Redacted]%, or [Redacted]%. Non-Compliant SubPrime Loan. | 2 | B | NY | Primary | Purchase | While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status. Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender. There is no time limit for which such restitution must be made. | D | B | C | A | B | B | D | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||||||||
| 436293942 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) | New York Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan. | 2 | B | NY | Primary | Purchase | No obvious cure | D | B | C | A | B | B | D | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293942 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Reviewer Comment (2021-12-01): Received, clearing. Buyer Comment (2021-12-01): This property is a co-op. |
12/01/2021 | 1 | A | NY | Primary | Purchase | D | B | C | A | B | B | D | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293942 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) | New York Subprime Loan: Counseling Disclosure not provided to borrower. | 2 | B | NY | Primary | Purchase | No obvious cure | D | B | C | A | B | B | D | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293943 | Credit | Insurance | Insurance Analysis | Insurance | The Hazard Insurance Policy effective date is after the Transaction Date. | The homeowner's insurance declarations page in the file verified an effective date of [Redacted] which is after the consummation date of [Redacted]. Provide a revised homeowner's insurance declaration page or policy verifying coverage in effect at or prior to consummation. | Reviewer Comment (2021-11-30): Received, clearing. Seller Comment (2021-11-30): final HOI reflecting [redacted] effective date |
11/30/2021 | 1 | A | LA | Primary | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293943 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | The file was missing required asset verification. Per guidelines, assets to be used for down payment, closing costs, and reserves must be seasoned for 60 days or sourced. Lender to provide additional statement. | Reviewer Comment (2021-11-12): Clearing after re-review. Seller Comment (2021-11-12): 1. Per Final CD: $[redacted]=Total required: $[redacted] (we've verified [redacted]); 2. our CDL guideline only requires [redacted] month statement to cover at least [redacted] days transaction history. 3. EMD is not listed on our Final 1003 and not required to be sourced when we have total sufficient assets, it will only show up on the CD because it has to be there for accounting purposes. |
11/12/2021 | 1 | A | LA | Primary | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||
| 436293943 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Title - Abstract / Title Search. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | Title - Abstract / Title Search Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include [Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2021-11-24): Received, clearing. Buyer Comment (2021-11-24): According to TRID guidelines section [redacted] , these charges may change without regard to a tolerance limitation. They are services permitted to the borrower to shop for and not same service listed on our SSPL that was initially disclosed. |
11/24/2021 | 1 | A | LA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||||||
| 436293943 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | 2 | B | LA | Primary | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||||
| 436293944 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-11-19): Received, clearing. Seller Comment (2021-11-19): PCI report |
11/19/2021 | 1 | A | NY | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||||||
| 436293944 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | 2 | B | NY | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||||
| 436293944 | Compliance | Compliance | Federal Compliance | FACTA | FACTA Disclosure Missing | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. | Erroneous exception, credit report not required per guidelines. | 2 | B | NY | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||||||
| 436293944 | Credit | Credit | Credit Calculation / Analysis | Credit | Missing Document: Alternative Credit Documentation not provided | Erroneous exception, verified alternative documentation not required per guidelines. | Reviewer Comment (2021-11-24): Clearing. Buyer Comment (2021-11-24): This is a Foreign National Program. |
11/24/2021 | 1 | A | NY | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||
| 436293946 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Rider - Other not provided | Reviewer Comment (2021-12-01): Received, clearing. Buyer Comment (2021-12-01): Please specify what rider is missing. Thanks! |
12/01/2021 | 1 | A | NJ | Primary | Purchase | D | D | C | A | C | A | D | D | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293946 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-16): Received, clearing. Seller Comment (2021-11-16): Attestation |
11/16/2021 | 1 | A | NJ | Primary | Purchase | D | D | C | A | C | A | D | D | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293946 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Product Testing | TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on [Redacted] disclosed a Product that does not match the actual product for the loan. | Information matches as the product is a 5/6 mo. Adjustable Rate per final CD | Reviewer Comment (2021-11-24): Received, clearing. Buyer Comment (2021-11-24): The program on the final cd was [redacted] ARM. Please specify what you are looking for. |
11/24/2021 | 1 | A | NJ | Primary | Purchase | TRID timing exception, no remediation available. | D | D | C | A | C | A | D | D | Exempt from ATR | Exempt from ATR | No | ||||||||||||
| 436293946 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Payment Shock exceeds credit guidelines. | Payment Shock: ___ | More information needed on guidelines about the payment shock | Reviewer Comment (2021-11-16): Received, clearing. Buyer Comment (2021-11-16): once the DTI condition is accepted, the payment shock will be resolved. see our DTI calculation: issue: you didn't include positive net rental income cash flow from REO. (total debts=proposed PITIA $[redacted] plus other payments $[redacted]-credit report-liabilities=total $[redacted]; total income: borrower's 2 jobs' income $[redacted] plus positive net rental income from REO $[redacted]=total of $[redacted]; so DTI should be: $[redacted]; please also refer to our final 1008 |
11/16/2021 | 1 | A | NJ | Primary | Purchase | D | D | C | A | C | A | D | D | Exempt from ATR | Exempt from ATR | No | |||||||||||||
| 436293946 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. AVM supports value. Vendor/FSD do not meet Fitch criteria.; Sec ID: 10 | Note Date: ___; Lien Position: ___ | 2 | D | NJ | Primary | Purchase | D | D | C | A | C | A | D | D | Exempt from ATR | Exempt from ATR | No | ||||||||||||||||
| 436293946 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Following income documentation is missing 4506-C 2019 and 2020, VVOE and VVOE that includes income | Reviewer Comment (2021-11-16): Received, clearing. Seller Comment (2021-11-16): 1. 4506C forms 2. WVOE of 2 employers |
11/16/2021 | 1 | A | NJ | Primary | Purchase | D | D | C | A | C | A | D | D | Exempt from ATR | Exempt from ATR | No | |||||||||||||
| 436293946 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Following documentation is missing/not provided; Insurance verification, lease agreement and tax verification | Reviewer Comment (2021-11-16): Received, clearing. Seller Comment (2021-11-16): uploaded |
11/16/2021 | 1 | A | NJ | Primary | Purchase | D | D | C | A | C | A | D | D | Exempt from ATR | Exempt from ATR | No | |||||||||||||
| 436293946 | Credit | Data Verification | General | Data Verification | The Investor's qualifying total debt ratio is less than the QM qualifying total debt ratio. | Investor's qualifying DTI: ___ QM qualifying DTI: ___ |
More information/documentation is needed on the QM's DTI | Reviewer Comment (2021-11-16): Received, clearing. Buyer Comment (2021-11-16): issue: you didn't include positive net rental income cash flow from REO. (total debts=proposed PITIA $[redacted] plus other payments $[redacted]-credit report-liabilities=total $[redacted]; total income: borrower's 2 jobs' income $[redacted] plus positive net rental income from REO $[redacted]=total of $[redacted]; so DTI should be: $[redacted]; please also refer to our final 1008 |
11/16/2021 | 1 | A | NJ | Primary | Purchase | D | D | C | A | C | A | D | D | Exempt from ATR | Exempt from ATR | No | |||||||||||||
| 436293946 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | - | Reviewer Comment (2021-11-16): Received, clearing. Seller Comment (2021-11-16): VVOE dated on 8-3 of both jobs |
11/16/2021 | 1 | A | NJ | Primary | Purchase | D | D | C | A | C | A | D | D | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293947 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Provide additional month bank statement, only 1 month provided when 2 months are required. | Reviewer Comment (2021-12-01): Received, clearing. Buyer Comment (2021-12-01): only [redacted] months bank statement is required on CDL loans. per final CD: cash to close $[redacted] plus [redacted] months PITIA $[redacted]= total required $[redacted]; we've verified total assets $[redacted], which is sufficient for this transaction, please clear |
12/01/2021 | 1 | A | NY | Primary | Purchase | D | D | C | A | C | B | D | D | Exempt from ATR | Exempt from ATR | No | |||||||||||||
| 436293947 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most recent valuation is dated prior to most recent FEMA Disaster. Provide post disaster inspection. | Reviewer Comment (2021-12-07): Received, Clearing. Seller Comment (2021-12-07): PCI Report attached. |
12/07/2021 | 1 | A | NY | Primary | Purchase | D | D | C | A | C | B | D | D | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293947 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) | New York Subprime Loan: Counseling Disclosure not provided to borrower. | Counseling Disclosure not provided | 2 | B | NY | Primary | Purchase | No obvious cure | D | D | C | A | C | B | D | D | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293947 | Compliance | Compliance | State Compliance | State HPML | (State HPML Provision) New York Subprime Loan (Provision Increasing Rate After Default) | New York Subprime Loan: Mortgage loan contains a provision that increases interest rate after default. | Mortgage loan contains a provision that increases interest rate after default. | 2 | B | NY | Primary | Purchase | Provide the following: Letter of Explanation, modification of loan terms to remove the provision to increase the interest rate after default and proof of mailing. | D | D | C | A | C | B | D | D | Exempt from ATR | Exempt from ATR | Yes | ||||||||||||||
| 436293947 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) | New York Subprime Loan: Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law. | Mortgage does not contain a legend stating that the subprime loan is subject to Section | 2 | B | NY | Primary | Purchase | Provide the following: Letter of Explanation, corrected Mortgage (with required Legend), and proof of mailing. Best Practice would be to have signed and re-recorded Mortgage. (This will overwrite the existing Exception Remediation which reads: Provide the following: Corrected Mortgage (with required Legend), Letter of Explanation, and Proof of Delivery. Best Practice would be to have signed and re-recorded Mortgage.). | D | D | C | A | C | B | D | D | Exempt from ATR | Exempt from ATR | Yes | ||||||||||||||
| 436293947 | Compliance | Compliance | State Compliance | State HPML | New York Subprime Home Loan Threshold Fixed Non-Compliant | New York Subprime Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted] + [Redacted]%, or [Redacted]%. Non-Compliant SubPrime Loan. | PR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is in excess of allowable threshold | 2 | B | NY | Primary | Purchase | While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status. Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender. There is no time limit for which such restitution must be made. | D | D | C | A | C | B | D | D | Exempt from ATR | Exempt from ATR | Yes | ||||||||||||||
| 436293947 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) | New York Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan. | Borrower not provided with Notice of Taxes and Insurance | 2 | B | NY | Primary | Purchase | No obvious cure | D | D | C | A | C | B | D | D | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293947 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Closing Disclosure was issued on the same date of closing, [Redacted]. Borrower signed and dated disclosure on [Redacted]. | Reviewer Comment (2021-12-16): Received, Clearing. Seller Comment (2021-12-16): Initial CD attached. Reviewer Comment (2021-12-16): We need [redacted] Initial CD as we don't currently have it. Buyer Comment (2021-12-15): Final CD is dated as [redacted], the date of closing, and this was signed [redacted]. Initial CD signed, dated, and sent on [redacted]. What is the issue? |
12/16/2021 | 1 | A | NY | Primary | Purchase | No Defined Cure | D | D | C | A | C | B | D | D | Exempt from ATR | Exempt from ATR | No | ||||||||||||
| 436293947 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. AVM supports value. Vendor/FSD do not meet Fitch criteria.; Sec ID: 10 | Note Date: ___; Lien Position: ___ | 2 | D | NY | Primary | Purchase | D | D | C | A | C | B | D | D | Exempt from ATR | Exempt from ATR | No | ||||||||||||||||
| 436293947 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | Unable to determine if the borrower signed a valuation receipt acknowledgment due to missing information. | Receipt of appraisal valuation was not provided. | 2 | B | NY | Primary | Purchase | D | D | C | A | C | B | D | D | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293953 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The disaster date occurred post inspection and a PDI was not provided. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293953 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Reviewer Comment (2021-12-02): Received, clearing. Seller Comment (2021-12-02): Final 1003 attached. |
12/02/2021 | 1 | A | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293953 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | Valid per documents provided | 2 | B | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293953 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate lock documentation was not found in the file. | 2 | B | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293953 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) | New York Subprime Loan: Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law. | The required state disclosure was not found in the file. | 2 | B | NY | Primary | Purchase | Provide the following: Letter of Explanation, corrected Mortgage (with required Legend), and proof of mailing. Best Practice would be to have signed and re-recorded Mortgage. (This will overwrite the existing Exception Remediation which reads: Provide the following: Corrected Mortgage (with required Legend), Letter of Explanation, and Proof of Delivery. Best Practice would be to have signed and re-recorded Mortgage.). | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||||||||
| 436293953 | Compliance | Compliance | State Compliance | State HPML | (State HPML Provision) New York Subprime Loan (Escrow Not Established) | New York Subprime Loan: Mandatory escrow account not established for the collection of property taxes and insurance. (Note: Does not apply to a subordinate lien when the taxes and insurance are escrowed through another home loan. It also does not apply if the borrower can demonstrate a record of 12 months of timely payments of taxes and insurance on a previous home loan.) | The required state disclosure was not found in the file. | 2 | B | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293953 | Compliance | Compliance | State Compliance | State HPML | New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant | New York Subprime Loan: APR on subject loan of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant SubPrime Loan. | The required state disclosure was not found in the file. | 2 | B | NY | Primary | Purchase | While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status. Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender. There is no time limit for which such restitution must be made. | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||||||||
| 436293953 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) | New York Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan. | The required state disclosure was not found in the file. | 2 | B | NY | Primary | Purchase | No obvious cure | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293953 | Compliance | Compliance | Federal Compliance | TILA | ARM Disclosure Timing Test | TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. | Valid per final CD | Reviewer Comment (2021-12-06): Received, clearing. Seller Comment (2021-12-06): This is a copy that is always provided at the time of closing. Please see attached for the signed copy that was completed along with its associated COC. |
12/06/2021 | 1 | A | NY | Primary | Purchase | No Defined Cure | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||
| 436293953 | Compliance | Compliance | State Compliance | State HPML | (State HPML Provision) New York Subprime Loan (Provision Increasing Rate After Default) | New York Subprime Loan: Mortgage loan contains a provision that increases interest rate after default. | 2 | B | NY | Primary | Purchase | Provide the following: Letter of Explanation, modification of loan terms to remove the provision to increase the interest rate after default and proof of mailing. | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||||||||
| 436293954 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Reviewer Comment (2021-12-02): Received, clearing. Seller Comment (2021-12-02): Final 1003 attached. |
12/02/2021 | 1 | A | PA | Primary | Purchase | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293954 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: [Redacted] Disaster End Date: [Redacted] Disaster Name: [Redacted] Disaster Declaration Date: [Redacted] Lender to provide a post disaster property inspection report |
Reviewer Comment (2021-12-07): inspection provided Seller Comment (2021-12-07): PCI Report attached. |
12/07/2021 | 1 | A | PA | Primary | Purchase | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293894 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-11-19): provided with trailing documents. Seller Comment (2021-11-19): PCI Report |
11/19/2021 | 1 | A | NY | Primary | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293894 | Credit | Data Verification | General | Data Verification | The Investor's qualifying total debt ratio is less than the QM qualifying total debt ratio. | Investor's qualifying DTI: ___ QM qualifying DTI: ___ |
Missing paystubs and w-2's | Reviewer Comment (2022-02-09): Loan is exempt from QM |
02/09/2022 | 1 | A | NY | Primary | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||
| 436293894 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) | New York Subprime Loan: Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law. | 2 | B | NY | Primary | Purchase | Provide the following: Letter of Explanation, corrected Mortgage (with required Legend), and proof of mailing. Best Practice would be to have signed and re-recorded Mortgage. (This will overwrite the existing Exception Remediation which reads: Provide the following: Corrected Mortgage (with required Legend), Letter of Explanation, and Proof of Delivery. Best Practice would be to have signed and re-recorded Mortgage.). | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||||||||
| 436293894 | Compliance | Compliance | State Compliance | State HPML | New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant | New York Subprime Loan: APR on subject loan of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant SubPrime Loan. | 2 | B | NY | Primary | Purchase | While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status. Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender. There is no time limit for which such restitution must be made. | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||||||||
| 436293894 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) | New York Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan. | 2 | B | NY | Primary | Purchase | No obvious cure | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293894 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | Reviewer Comment (2021-11-18): VOE provided, exception cleared. Seller Comment (2021-11-18): For CDL w2 wage earner borrowers, we use WVOE form as income verification, paystub, W2 and 4506C are not required per CDL guideline |
11/18/2021 | 1 | A | NY | Primary | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293895 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-17): Received, clearing. Seller Comment (2021-11-17): COVID-19 Attestation |
11/17/2021 | 1 | A | TN | Primary | Purchase | D | D | C | B | B | B | D | D | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293895 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Final title is missing/not received | Reviewer Comment (2021-11-18): Received, clearing exception. Seller Comment (2021-11-18): CPL and Commitment attached |
11/18/2021 | 1 | A | TN | Primary | Purchase | D | D | C | B | B | B | D | D | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293895 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. AVM supports value. Vendor/FSD do not meet Fitch criteria.; Sec ID: 10 | Note Date: ___; Lien Position: ___ | 2 | D | TN | Primary | Purchase | D | D | C | B | B | B | D | D | Exempt from ATR | Exempt from ATR | No | ||||||||||||||||
| 436293895 | Credit | Data Verification | General | Data Verification | The Investor's qualifying total debt ratio is less than the QM qualifying total debt ratio. | Investor's qualifying DTI: ___ QM qualifying DTI: ___ |
More documentation needed on the QMs qualifying total debt | 2 | B | TN | Primary | Purchase | D | D | C | B | B | B | D | D | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293895 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate lock documentation is missing/not provided | 2 | B | TN | Primary | Purchase | D | D | C | B | B | B | D | D | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293876 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | PDI is missing from subject file. | Reviewer Comment (2021-11-19): Received, clearing. Seller Comment (2021-11-19): PCI Report |
11/19/2021 | 1 | A | NY | Primary | Purchase | D | D | C | A | C | B | D | D | Temporary SHQM (GSE/Agency Eligible) | Exempt from ATR | No | ||||||||||||||
| 436293876 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) | New York Subprime Loan: Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law. | Documentation is missing from subject file. | 2 | B | NY | Primary | Purchase | Provide the following: Letter of Explanation, corrected Mortgage (with required Legend), and proof of mailing. Best Practice would be to have signed and re-recorded Mortgage. (This will overwrite the existing Exception Remediation which reads: Provide the following: Corrected Mortgage (with required Legend), Letter of Explanation, and Proof of Delivery. Best Practice would be to have signed and re-recorded Mortgage.). | D | D | C | A | C | B | D | D | Temporary SHQM (GSE/Agency Eligible) | Exempt from ATR | Yes | ||||||||||||||
| 436293876 | Compliance | Compliance | State Compliance | State HPML | New York Subprime Home Loan Threshold Fixed Non-Compliant | New York Subprime Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted] + [Redacted]%, or [Redacted]%. Non-Compliant SubPrime Loan. | New York Subprime Loan - stated APR ([Redacted]%) and audited APR ([Redacted]%) exceeds the PMMR threshold of [Redacted]% ([Redacted]% over applicable PMMR, [Redacted]%). Loan appears to comply with repayment ability, prepayment penalty, and escrow restrictions and requirements applicable to NY Subprime Loans. | 2 | B | NY | Primary | Purchase | While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status. Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender. There is no time limit for which such restitution must be made. | D | D | C | A | C | B | D | D | Temporary SHQM (GSE/Agency Eligible) | Exempt from ATR | Yes | ||||||||||||||
| 436293876 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | Erroneous Reg ID 3060. Transfer Taxes of [Redacted] were seller paid, and are customarily paid by Seller in the State of NY. | Reviewer Comment (2021-12-23): Received, Clearing. Buyer Comment (2021-12-23): Seller paid. No cure needed |
12/23/2021 | 1 | A | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | D | C | A | C | B | D | D | Temporary SHQM (GSE/Agency Eligible) | Exempt from ATR | Yes | ||||||||||||
| 436293876 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2021-12-27): Received, Clearing. Seller Comment (2021-12-27): Initial CD was missing from the shipped file. Please review the initial cd attached here and ty. |
12/27/2021 | 1 | A | NY | Primary | Purchase | No Defined Cure | D | D | C | A | C | B | D | D | Temporary SHQM (GSE/Agency Eligible) | Exempt from ATR | No | ||||||||||||
| 436293876 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | List of Organizations was not provided in imaged file. | 2 | B | NY | Primary | Purchase | D | D | C | A | C | B | D | D | Temporary SHQM (GSE/Agency Eligible) | Exempt from ATR | No | |||||||||||||||
| 436293876 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Compliant) | New York Subprime Loan: Counseling Disclosure not compliant. | Documentation is missing from subject file. | 2 | B | NY | Primary | Purchase | No obvious cure | D | D | C | A | C | B | D | D | Temporary SHQM (GSE/Agency Eligible) | Exempt from ATR | No | ||||||||||||||
| 436293876 | Compliance | Compliance | State Compliance | State HPML | (State HPML Provision) New York Subprime Loan (Provision Increasing Rate After Default) | New York Subprime Loan: Mortgage loan contains a provision that increases interest rate after default. | Default Rate Addendum To Note and Mortgage reflects if default shall remain uncured more than 90 days the loan shall bear interest rate of [Redacted]%, but in no event more than the highest rate permitted by applicable usuary law in respect to the Borrower. | 2 | B | NY | Primary | Purchase | Provide the following: Letter of Explanation, modification of loan terms to remove the provision to increase the interest rate after default and proof of mailing. | D | D | C | A | C | B | D | D | Temporary SHQM (GSE/Agency Eligible) | Exempt from ATR | Yes | ||||||||||||||
| 436293876 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. AVM supports value. Vendor/FSD do not meet Fitch criteria.; Sec ID: 10 | Note Date: ___; Lien Position: ___ | Loan still meets guidelines; when AVM comes in higher than [Redacted]% variance, if Borrower has not contested and requested a CDA, the lower value of the AVM will be used. | 2 | D | NY | Primary | Purchase | D | D | C | A | C | B | D | D | Temporary SHQM (GSE/Agency Eligible) | Exempt from ATR | No | |||||||||||||||
| 436293877 | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Valuation Error: Neighborhood location not provided. | - | Unable to verify Valuation Report Date due to missing first page of the 1004. | 2 | B | WA | Primary | Purchase | D | D | B | B | C | B | D | D | Safe Harbor QM (APOR) | Exempt from ATR | No | |||||||||||||||
| 436293877 | Property | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Valuation Error: Neighborhood property values not provided. | - | Unable to verify Property Values due to missing first page of the 1004. | 2 | B | WA | Primary | Purchase | D | D | B | B | C | B | D | D | Safe Harbor QM (APOR) | Exempt from ATR | No | |||||||||||||||
| 436293877 | Credit | Loan Package Documentation | Application / Processing | Property - Appraisal | Valuation Error: APN Number not provided. | - | Unable to verify APN information due too missing first page of the 1004. | 2 | B | WA | Primary | Purchase | D | D | B | B | C | B | D | D | Safe Harbor QM (APOR) | Exempt from ATR | No | |||||||||||||||
| 436293877 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | 2 | B | WA | Primary | Purchase | D | D | B | B | C | B | D | D | Safe Harbor QM (APOR) | Exempt from ATR | No | ||||||||||||||||
| 436293877 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redacted]). | Reconciled and verified the information to be accurate. | Reviewer Comment (2021-12-27): Received, Clearing. Buyer Comment (2021-12-23): Not seeing anything APRed incorrectly. Please advise on the overage amount in order for us to proceed accordingly. |
12/27/2021 | 1 | A | WA | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | D | D | B | B | C | B | D | D | Safe Harbor QM (APOR) | Exempt from ATR | Yes | ||||||||||||
| 436293877 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. AVM supports value. Vendor/FSD do not meet Fitch criteria.; Sec ID: 10 | Note Date: ___; Lien Position: ___ | 2 | D | WA | Primary | Purchase | D | D | B | B | C | B | D | D | Safe Harbor QM (APOR) | Exempt from ATR | No | ||||||||||||||||
| 436293877 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | 2 | B | WA | Primary | Purchase | D | D | B | B | C | B | D | D | Safe Harbor QM (APOR) | Exempt from ATR | No | ||||||||||||||||
| 436293881 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Verified missing Covid-19 attestation | Reviewer Comment (2021-11-17): Received, clearing. Seller Comment (2021-11-17): Covid-19 attestation |
11/17/2021 | 1 | A | FL | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||
| 436293881 | Compliance | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | (Doc Error) HUD Error: Loan amount on page 3 of the final HUD was not provided. | Verified no final title on file | 2 | B | FL | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||||
| 436293881 | Compliance | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | (Doc Error) HUD Error: Loan term on page 3 of the final HUD was not provided. | Verified no final title in file | 2 | B | FL | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||||
| 436293881 | Compliance | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | (Doc Error) HUD Error: Principal, interest and MI payment on page 3 of the final HUD was not provided. | Verified Final HUD for principal, interest and MI payment | 2 | B | FL | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||||
| 436293881 | Compliance | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | (Doc Error) HUD Error: Interest rate on page 3 of the final HUD was not provided. | Verified HUD in file | 2 | B | FL | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||||
| 436293881 | Compliance | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | (Doc Error) HUD Error: Can your interest rate rise question on page 3 of the final HUD was not provided. | Verified HUD in file | 2 | B | FL | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||||
| 436293881 | Compliance | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | (Doc Error) HUD Error: Can your loan balance rise question on page 3 of the final HUD was not provided. | Verified HUD in file | 2 | B | FL | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||||
| 436293881 | Compliance | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | (Doc Error) HUD Error: Can your monthly payment amount owed rise question on page 3 of the final HUD was not provided. | Verified HUD in file | 2 | B | FL | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||||
| 436293881 | Compliance | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | (Doc Error) HUD Error: Prepayment penalty question on page 3 of the final HUD was not provided. | Verified HUD in file | 2 | B | FL | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||||
| 436293881 | Compliance | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | (Doc Error) HUD Error: Balloon term question on page 3 of the final HUD was not provided. | Verified HUD in file | 2 | B | FL | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||||
| 436293881 | Compliance | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | (Doc Error) HUD Error: Escrow question on page 3 of the final HUD was not provided. | Verified HUD in file | 2 | B | FL | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||||
| 436293881 | Credit | Property - Appraisal | Appraisal Adjustments | Property - Appraisal | Excessive site value noted on appraisal without appraiser comments to justify | - | Verified no comment | Reviewer Comment (2021-12-16): Received, Clearing. Buyer Comment (2021-12-16): The property is a condo, what excessive site value are you referring to? |
12/16/2021 | 1 | A | FL | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||||
| 436293882 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Covid 19 not required/not in file | Reviewer Comment (2021-11-17): Received, clearing. Seller Comment (2021-11-17): COVID-19 Attestation |
11/17/2021 | 1 | A | NV | Investment | Purchase | D | D | C | B | A | A | D | D | N/A | N/A | No | ||||||||||||||
| 436293882 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 | Reviewer Comment (2021-11-19): Received, clearing. Seller Comment (2021-11-19): AVM report |
11/19/2021 | 1 | A | NV | Investment | Purchase | D | D | C | B | A | A | D | D | N/A | N/A | No | |||||||||||||||
| 436293882 | Credit | Credit | Credit Documentation | Guideline | Reported liability reflects the borrower as an Authorized User. This debt has been excluded from QM qualification. | - | No informational exceptions / Balance zero/ authorized user only | 2 | B | NV | Investment | Purchase | D | D | C | B | A | A | D | D | N/A | N/A | No | |||||||||||||||
| 436293882 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. AVM supports value. Vendor/FSD do not meet Fitch criteria.; Sec ID: 10 | Note Date: ___; Lien Position: ___ | 2 | D | NV | Investment | Purchase | D | D | C | B | A | A | D | D | N/A | N/A | No | ||||||||||||||||
| 436293883 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-11-19): Received, clearing. Seller Comment (2021-11-19): PCI report |
11/19/2021 | 1 | A | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293883 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | 2 | B | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||||
| 436293883 | Compliance | Compliance | Federal Compliance | Missing Application Date | Missing Initial Loan Application Test | No evidence of application date located in file. Compliance tests were run using an application date of [Redacted] which is 1 months prior to consummation. A lookback was performed to determine this application date. | Reviewer Comment (2021-12-07): Received, Clearing. Seller Comment (2021-12-07): 1003 attached. |
12/07/2021 | 1 | A | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293883 | Compliance | Compliance | Federal Compliance | TILA | NMLS - Missing Evidence of Initial Loan Application Date | Truth in Lending Act (NMLSR Dodd- Frank 2014): Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date. | Reviewer Comment (2021-12-07): Received, Clearing. |
12/07/2021 | 1 | A | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293883 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | 2 | B | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||||
| 436293883 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) | New York Subprime Loan: Counseling Disclosure not provided to borrower. | 2 | B | NY | Primary | Purchase | No obvious cure | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293883 | Compliance | Compliance | State Compliance | State HPML | (State HPML Provision) New York Subprime Loan (Provision Increasing Rate After Default) | New York Subprime Loan: Mortgage loan contains a provision that increases interest rate after default. | 2 | B | NY | Primary | Purchase | Provide the following: Letter of Explanation, modification of loan terms to remove the provision to increase the interest rate after default and proof of mailing. | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||||||||
| 436293883 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) | New York Subprime Loan: Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law. | 2 | B | NY | Primary | Purchase | Provide the following: Letter of Explanation, corrected Mortgage (with required Legend), and proof of mailing. Best Practice would be to have signed and re-recorded Mortgage. (This will overwrite the existing Exception Remediation which reads: Provide the following: Corrected Mortgage (with required Legend), Letter of Explanation, and Proof of Delivery. Best Practice would be to have signed and re-recorded Mortgage.). | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||||||||
| 436293883 | Compliance | Compliance | State Compliance | State HPML | New York Subprime Home Loan Threshold Fixed Non-Compliant | New York Subprime Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted] + [Redacted]%, or [Redacted]%. Non-Compliant SubPrime Loan. | 2 | B | NY | Primary | Purchase | While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status. Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender. There is no time limit for which such restitution must be made. | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||||||||
| 436293883 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) | New York Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan. | 2 | B | NY | Primary | Purchase | No obvious cure | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293883 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as [Redacted] on LE but disclosed as [Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2021-12-17): Received, Clearing. Seller Comment (2021-12-17): There was a COC for the appraisal fee increase and three LEs following. Will be providing you with all 4 COCs that seem to be missing from the review. |
12/17/2021 | 1 | A | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||||||
| 436293883 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | Transfer Tax Fee was last disclosed as [Redacted] on LE but disclosed as [Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2021-11-19): provided with trailing documents. |
11/19/2021 | 1 | A | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||||||
| 436293883 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | DTI exceeds [Redacted]% guideline requirement. Credit supplement reflects new mortgage payment for departing residence which is not evident on final 1003. | Reviewer Comment (2021-12-17): recalculated with rent income Reviewer Comment (2021-12-15): This exception is around DTI not LTV. Exception remains. Seller Comment (2021-12-15): uploaded guideline snapshot, The loan was done as a delayed purchase / rate/term. The max LTV is [redacted]% Lite Doc Reviewer Comment (2021-11-19): Per QB guidelines only [redacted]% of rental income minus expenses not escrowed in mortgage payments ( taxes and insurance of $[redacted]) can be used to qualify ([redacted]). Seller Comment (2021-11-19): please find the updated final 1003 and it's included the cash flow of net income from this property now. the DTI should be consistent with our final 1008; DTI: the departing property at [redacted] Just refinanced with [redacted]-see closing statement and note; it's disclosed in our 1003; net loss from this property is [redacted]; the cash flow from total REO (2 properties) : positive [redacted]; total DTI= total debts [redacted]/total income [redacted] |
12/17/2021 | 1 | A | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293885 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Bankruptcy Documents not provided | Missing evidence of bankruptcy resolution is required per guidelines. | Reviewer Comment (2021-11-22): Received, clearing. Seller Comment (2021-11-22): it passed [redacted] years and LOX will suffice, thanks! |
11/22/2021 | 1 | A | OR | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293886 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-11-22): Received, clearing. Seller Comment (2021-11-22): PCI Report |
11/22/2021 | 1 | A | NY | Primary | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293886 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | There is a disclosure in file, however, the list is missing. | 2 | B | NY | Primary | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293886 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) | New York Subprime Loan: Counseling Disclosure not provided to borrower. | 2 | B | NY | Primary | Purchase | No obvious cure | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293886 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Subprime Legend Not on Mortgage) | New York Subprime Loan: Mortgage does not contain a legend stating that the subprime loan is subject to Section 6-m of the Banking Law. | 2 | B | NY | Primary | Purchase | Provide the following: Letter of Explanation, corrected Mortgage (with required Legend), and proof of mailing. Best Practice would be to have signed and re-recorded Mortgage. (This will overwrite the existing Exception Remediation which reads: Provide the following: Corrected Mortgage (with required Legend), Letter of Explanation, and Proof of Delivery. Best Practice would be to have signed and re-recorded Mortgage.). | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||||||||
| 436293886 | Compliance | Compliance | State Compliance | State HPML | New York Subprime Home Loan Threshold Fixed Non-Compliant | New York Subprime Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [Redacted] + [Redacted]%, or [Redacted]%. Non-Compliant SubPrime Loan. | 2 | B | NY | Primary | Purchase | While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status. Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender. There is no time limit for which such restitution must be made. | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||||||||
| 436293886 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) | New York Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan. | 2 | B | NY | Primary | Purchase | No obvious cure | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293886 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reviewer Comment (2021-11-22): Received, clearing. Seller Comment (2021-11-22): per Final CD, cash to close required $[redacted] plus [redacted] month PITIA reserves $[redacted]=Total Required assets: $[redacted]; we've verified total assets $[redacted] from Cathay Bank and Chase accounts. (reuploaded assets) |
11/22/2021 | 1 | A | NY | Primary | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293886 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Missing blanket hazard policy. | Reviewer Comment (2021-11-22): Received, clearing. Seller Comment (2021-11-22): see both HO6 and condo master insurance policy |
11/22/2021 | 1 | A | NY | Primary | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293886 | Compliance | Compliance | State Compliance | State HPML | (State HPML Provision) New York Subprime Loan (Provision Increasing Rate After Default) | New York Subprime Loan: Mortgage loan contains a provision that increases interest rate after default. | 2 | B | NY | Primary | Purchase | Provide the following: Letter of Explanation, modification of loan terms to remove the provision to increase the interest rate after default and proof of mailing. | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||||||||
| 436293887 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | Credit Report and/or 3 Credit Letters missing from the File | Reviewer Comment (2021-11-17): Received, clearing. Buyer Comment (2021-11-17): -This is a Foreign National program therefore no credit report required. |
11/17/2021 | 1 | A | TX | Investment | Purchase | D | D | D | A | D | B | D | D | N/A | N/A | No | ||||||||||||||
| 436293887 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report is missing from the file | Reviewer Comment (2021-11-23): Received, clearing. Seller Comment (2021-11-23): fraud report--this is Foreign National program, no SSN credit required to be addressed for borrower, see OFAC uploaded for borrower's search |
11/23/2021 | 1 | A | TX | Investment | Purchase | D | D | D | A | D | B | D | D | N/A | N/A | No | ||||||||||||||
| 436293887 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. AVM supports value. Vendor/FSD do not meet Fitch criteria.; Sec ID: 10 | Note Date: ___; Lien Position: ___ | 2 | D | TX | Investment | Purchase | D | D | D | A | D | B | D | D | N/A | N/A | No | ||||||||||||||||
| 436293887 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Only 1 month of Asset Statement was provided for Verification | Reviewer Comment (2021-11-23): Received, clearing. Seller Comment (2021-11-23): only [redacted] month statement/account is required on CDL loans. final HUD-1 cash from borrower: $[redacted] plus [redacted] months PITIA $[redacted]; Total required $[redacted]; we've verified assets from XXXX XXXX account at $[redacted], which is sufficient for this transaction. |
11/23/2021 | 1 | A | TX | Investment | Purchase | D | D | D | A | D | B | D | D | N/A | N/A | No | |||||||||||||
| 436293887 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Fraud Report was not provided in the file | Reviewer Comment (2021-11-23): Received, clearing. Seller Comment (2021-11-23): fraud report & OFAC-this is Foreign National program, borrower doesn't have SSN, credit. |
11/23/2021 | 1 | A | TX | Investment | Purchase | D | D | D | A | D | B | D | D | N/A | N/A | No | |||||||||||||
| 436293887 | Compliance | Compliance | Federal Compliance | FACTA | Federal FACTA Disclosure Timing Test | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score. | FACTA was provided on [Redacted] | 2 | B | TX | Investment | Purchase | D | D | D | A | D | B | D | D | N/A | N/A | No | |||||||||||||||
| 436293887 | Compliance | Compliance | Federal Compliance | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1: HUD-1 Not Signed or Stamped Used For Fee Testing | Missing Final HUD-1: HUD-1 Not Signed or Stamped used for any applicable Federal, State or Local compliance testing. | Final HUD-1 was not signed | Reviewer Comment (2021-11-23): Received, clearing. Seller Comment (2021-11-23): see signed HUD-1 with addendum |
11/23/2021 | 1 | A | TX | Investment | Purchase | D | D | D | A | D | B | D | D | N/A | N/A | No | |||||||||||||
| 436293889 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | PDI is missing from subject file. | Reviewer Comment (2021-12-07): Received, Clearing. Seller Comment (2021-12-07): PCI Report attached. |
12/07/2021 | 1 | A | NY | Primary | Purchase | D | D | C | A | C | B | D | D | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293889 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Verified assets in the amount of [Redacted] are insufficient to meet reserves requirement of [Redacted]. Final 1008 reflects [Redacted] verified, however, the Borrower paid [Redacted] POC for appraisal and [Redacted] POC for hazard insurance premium not used in this calculation. | Reviewer Comment (2021-12-14): Received, Clearing. Buyer Comment (2021-12-14): Per final CD, cash to close required $[redacted] plus [redacted] months PITIA $[redacted]; total required $[redacted]. Verified assets from the transaction activity of [redacted] , total assets $[redacted], which is sufficient for this transaction. |
12/14/2021 | 1 | A | NY | Primary | Purchase | D | D | C | A | C | B | D | D | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293889 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | List of Organizations was not provided in imaged file. | 2 | B | NY | Primary | Purchase | D | D | C | A | C | B | D | D | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293889 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | Erroneous Reg ID 3060. Transfer Taxes of [Redacted] were seller paid, and are customarily paid by Seller in the State of [Redacted]. | Reviewer Comment (2021-12-14): Received, Clearing. |
12/14/2021 | 1 | A | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | D | C | A | C | B | D | D | Exempt from ATR | Exempt from ATR | Yes | ||||||||||||
| 436293889 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. AVM supports value. Vendor/FSD do not meet Fitch criteria.; Sec ID: 10 | Note Date: ___; Lien Position: ___ | AVM is within tolerance range of [Redacted]% of value per Lender's Guidelines. | 2 | D | NY | Primary | Purchase | D | D | C | A | C | B | D | D | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293890 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-17): Received, clearing. Seller Comment (2021-11-17): COVID-19 Attestation |
11/17/2021 | 1 | A | MA | Investment | Purchase | C | A | C | A | A | A | C | A | N/A | N/A | No | |||||||||||||||
| 436293890 | Property | Valuation | Valuation Issue | Valuation | The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal | Appraisal issued on [Redacted] with an effective date of [Redacted] and the CDA completed [Redacted] with an effective date of [Redacted] reviewed an appraisal completed was included in the file. | Reviewer Comment (2021-12-21): Received, Clearing. Buyer Comment (2021-12-21): UW: "We were originally using a transferred appraisal. A CDA was ordered as it is a requirement. We then needed to order a new report, thus the date of the appraisal is after the CDA date. " |
12/21/2021 | 1 | A | MA | Investment | Purchase | C | A | C | A | A | A | C | A | N/A | N/A | No | ||||||||||||||
| 436293890 | Credit | Missing Document | General | Missing Document | Missing Document: 1007 Rent Comparison Schedule not provided | Lender used [Redacted]/month rental income to qualify the borrower. Lender to provide documentation verifying rental income used in qualifying. | Reviewer Comment (2021-12-29): Received, Clearing. Seller Comment (2021-12-29): see uploaded appraisal with 1007 rent schedule ([redacted]) |
12/29/2021 | 1 | A | MA | Investment | Purchase | C | A | C | A | A | A | C | A | N/A | N/A | No | ||||||||||||||
| 436293891 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | Missing Homeownership Counseling disclosure has 10 Agencies listed.. | 2 | B | NH | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293891 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [Redacted] on Final Closing Disclosure provided on [Redacted] not accurate. | The final CD disclosed the Amount of Non-Escrowed Property Costs over Year 1 as [Redacted] on page 4; however the HOA dues total [Redacted] per year. Final CD reflects Estimated Taxes, Insurance & Assessments of [Redacted] monthly, correct amount is [Redacted]. Provide a post-close CD correcting the Escrow Account section on page 4 and Estimated Taxes, Insurance & Assessments on page 1; and a copy of the letter of explanation letter sent to the borrower disclosing the changes made. | Reviewer Comment (2021-12-27): PC CD Seller Comment (2021-12-27): Please see attached for the PCCD and LOE. |
12/27/2021 | 2 | B | NH | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||||||
| 436293891 | Credit | Insurance | Insurance Documentation | Insurance | Missing Document: Hazard Dec Page not provided | Missing Condominium Blanket policy with walls in coverage and mortgagee clause. | Reviewer Comment (2021-11-23): Received, clearing. Seller Comment (2021-11-23): condo master insurance |
11/23/2021 | 1 | A | NH | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||||
| 436293891 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Missing rate lock agreement. | 2 | B | NH | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| 436293891 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: [Redacted] Tolerance exceeded for Lender Credits. Final Lender Credit of [Redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [Redacted]. | Lender credit was disclosed Loan Estimate but not Final CD. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include [Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2021-11-23): Received, clearing. Buyer Comment (2021-11-23): The lender credit was for the Property Value Report. This is still reflected on the Initial/Final CD as indicated on page [redacted] of the CD as being paid by the lender. |
11/23/2021 | 1 | A | NH | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||||||
| 436293893 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | The file was missing Fraud Report | Reviewer Comment (2021-11-16): Received, clearing. Seller Comment (2021-11-16): Fraud Report |
11/16/2021 | 1 | A | OR | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||
| 436293893 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | The file was missing Covid-19 attestation | Reviewer Comment (2021-11-17): Received, clearing. Seller Comment (2021-11-17): COVID-19 Attestation |
11/17/2021 | 1 | A | OR | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||
| 436293893 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Mismatch of data related to Occupancy. | - Occupancy: ___; Declarations/Will borrower occupy: ___ | Verified the file was entered as investment property even though 1003 stated YES | Reviewer Comment (2021-12-17): Received, Clearing. Seller Comment (2021-12-17): revised 1003 |
12/17/2021 | 1 | A | OR | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||||
| 436293893 | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Primary Appraisal was completed after the final loan approval. | - | The file is showing slight difference of appraised value and estimated cost new | Reviewer Comment (2021-12-17): Received, Clearing. Seller Comment (2021-12-17): see uploaded final approval (please note that we only include initial loan approval in the package, and most of the time, the appraisal report returned after the initial approval.) |
12/17/2021 | 1 | A | OR | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||||
| 436293893 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | A recent 24 month asset documentation is required on all loans. Verified only 1 month was entered | Reviewer Comment (2021-12-15): Received, clearing. Buyer Comment (2021-12-15): only [redacted] month statements are required on CDL loans. |
12/15/2021 | 1 | A | OR | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||||
| 436293893 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Required Fraud report is missing from file. | Reviewer Comment (2021-11-16): Received, clearing. Seller Comment (2021-11-16): Fraud Report |
11/16/2021 | 1 | A | OR | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||||
| 436293893 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | The lender did provide an appraisal acknowledgement at closing in the file. | 2 | B | OR | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||||||
| 436293832 | Credit | System | General | System | Security Instrument address does not match Note address. | Different apt. # listed between the note and security instrument documents | Reviewer Comment (2022-02-17): Received, Clearing. Buyer Comment (2022-02-17): The borrowers primary address is [redacted], but he owns [redacted] and has completed a CEMA to refi [redacted]. Mortgage states his primary on first page and subject address is correct on the following pages. |
02/17/2022 | 1 | A | NY | Investment | Refinance - Limited Cash-out GSE | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||
| 436293832 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NY | Investment | Refinance - Limited Cash-out GSE | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||||||
| 436293832 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and [Redacted] (2021). FNMA Finance Charge total [Redacted] on a Original Loan Amount of [Redacted] vs. an allowable total of [Redacted] and [Redacted] (2021) (an overage of [Redacted] or [Redacted]). | 2 | B | NY | Investment | Refinance - Limited Cash-out GSE | C | B | C | A | B | B | A | A | N/A | N/A | Yes | ||||||||||||||||
| 436293843 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-02): NA for this Seller. |
11/02/2021 | 1 | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436293843 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: [Redacted] Tolerance exceeded for Lender Credits. Final Lender Credit of [Redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [Redacted]. | reviewed | Reviewer Comment (2022-01-19): Received, Clearing. Seller Comment (2022-01-19): DISAGREE - [redacted] COC LE was issued for rate locked with [redacted]% ($[redacted]) premium pricing, Lender Credit adjusted to reflect Buyer Comment (2022-01-19): DISAGREE - [redacted] COC LE was issued for rate locked with [redacted]% ($[redacted]) premium pricing, Lender Credit adjusted to reflect |
01/19/2022 | 1 | A | FL | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293843 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | reviewed | Reviewer Comment (2022-01-19): Cured on final cd Seller Comment (2022-01-19): DISAGREE - Tolerance CURE OF $[redacted] was issued on Final CD ($[redacted]). |
01/19/2022 | 2 | B | FL | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293844 | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | VOR not provide and is required per the guidelines. | Reviewer Comment (2021-12-15): provided Seller Comment (2021-12-13): Rental history |
12/15/2021 | 1 | A | TX | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293844 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total [Redacted] on a Federal Total Loan Amount of [Redacted] vs. an investor allowable total of [Redacted] (an overage of [Redacted] or [Redacted]%). | Loan documentation does not indicate this is a HPML but due to fees changed after rate was relocked on [Redacted]. | 2 | B | TX | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 437016606 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of 0.00 on Final Closing Disclosure provided on [Redacted] not accurate. | Did not included the HOA fee of [redacted] | Reviewer Comment (2022-01-25): Past 60 day cure timeframe. Seller Comment (2022-01-25): Disagree - uploaded PCCD and LOX |
2 | B | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| 437016606 | Credit | Insurance | Insurance Analysis | Insurance | The Hazard Insurance Policy effective date is after the Transaction Date. | Hazard Insurance Policy Effective Date ___, Transaction Date: ___ | Final CD reflects a funding date of [redacted] | Reviewer Comment (2021-12-16): Received, Clearing. Seller Comment (2021-12-16): Disagree - LOAN FUNDED[redacted Which is Effective date of HOI this is acceptable |
12/16/2021 | 1 | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 437016606 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Loan file did not contain the COVID attestation | Reviewer Comment (2021-11-02): NA for this Seller. |
11/02/2021 | 1 | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293846 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as [Redacted] on LE but disclosed as [Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. | Reviewer Comment (2021-10-28): Credit was provided at closing. |
10/28/2021 | 2 | B | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293846 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Missing evidence of hazard insurance on the borrower's departure residence. 1003 does not reflect an insurance premium. Recalculation of DTI is required upon receipt of documentation. | Reviewer Comment (2021-12-15): Received, Clearing. Seller Comment (2021-12-14): LOX verifying no insurance on that property |
12/15/2021 | 1 | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436293846 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Miscellaneous. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | Miscellaneous fee was not listed on the LE. No valid COC in file for this fee. | Reviewer Comment (2022-01-20): Received, Clearing. Seller Comment (2022-01-20): DISAGREE - CURE not required for Borrower shopped, title fees updated to reflect chosen title company in Section C of CD p2 |
01/20/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293847 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NY | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 436293847 | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | The address on the Insurance Dec page shows the address without the dash in between the house numbers and the city is noted as [Redacted] verses the Note address. Please have this updated to match the Note address. | Reviewer Comment (2022-01-10): dec statement provided Seller Comment (2022-01-10): updated HOI Reviewer Comment (2021-12-08): agreed Seller Comment (2021-12-08): Agree, exception request covering incorrect address on HOI dec page |
01/10/2022 | 1 | A | NY | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016608 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Lease income used to qualify but no lease was in file. | Reviewer Comment (2022-01-20): Clearing |
01/20/2022 | 1 | A | CA | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 437016608 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Due to missing lease. | Reviewer Comment (2021-12-15): Received, Clearing. Buyer Comment (2021-12-14): Disagree - previously uploaded doc covers this |
12/15/2021 | 1 | A | CA | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM status | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016608 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO 25% Method | Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income (25% Method) using reasonably reliable third-party records. | Lender to provide missing lease agreement to clear this. | Reviewer Comment (2021-12-15): Received, Clearing. Seller Comment (2021-12-14): Disagree - PLEASE NOTE THE CURRENT MORTGAGE ACCOUNT FOR THE INVESTMENT PROPERTY IS ESCROWED - so taxes were not provided as they are reflected on the mortgage statement- Even if the borrower is hit with full PITI of investment property DTI is acceptable at [redacted] |
12/15/2021 | 1 | A | CA | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 437016608 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Due to missing lease. | Reviewer Comment (2021-12-15): Received, Clearing. |
12/15/2021 | 1 | A | CA | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 437016608 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [Redacted] not accurate. | Actual HOA dues [redacted]/yr, CD shows [redacted]/yr. | Reviewer Comment (2022-01-20): Past 60 day cure timeframe. Seller Comment (2022-01-20): Disagree - PCCD and LOX uploaded |
2 | B | CA | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| 436293848 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: AUS not provided | The file was missing AUS | Reviewer Comment (2021-12-15): Received, Clearing. Seller Comment (2021-12-14): Disagree - AUS attached |
12/15/2021 | 1 | A | GA | Primary | Purchase | C | B | C | A | C | B | B | B | Non QM | Non QM | No | ||||||||||||||
| 436293848 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | The file was missing Covid-19 attestation | Reviewer Comment (2021-11-02): NA for this Seller. |
11/02/2021 | 1 | A | GA | Primary | Purchase | C | B | C | A | C | B | B | B | Non QM | Non QM | No | ||||||||||||||
| 436293848 | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | - | The appraisal was not in the name of the lender. Provide a revised appraisal correcting the client. | 2 | B | GA | Primary | Purchase | C | B | C | A | C | B | B | B | Non QM | Non QM | No | |||||||||||||||
| 436293848 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | Verified safe harbor requirements not satisfied | 2 | B | GA | Primary | Purchase | C | B | C | A | C | B | B | B | Non QM | Non QM | No | |||||||||||||||
| 436293848 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure AP Table First Change | TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Final Closing Disclosure provided on [Redacted] disclosed a First Change minimum, maximum, and payment period that does not match the actual terms for the loan. | Verified actual terms not met on disclosures | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-18): DISAGREE - It's a fixed rate loan, no AIR Payment Table to be found on final CD |
01/18/2022 | 1 | A | GA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | B | B | Non QM | Non QM | Yes | ||||||||||||
| 436293848 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure AP Table First Change Period | TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Final Closing Disclosure provided on [Redacted] incorrectly disclosed the Subsequent Changes period according to the disclosed Loan Product. | Verified changes | Reviewer Comment (2022-01-18): Received, Clearing. |
01/18/2022 | 1 | A | GA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | B | B | Non QM | Non QM | Yes | ||||||||||||
| 436293848 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure AP Table Interest Only Payment | TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Final Closing Disclosure provided on [Redacted] did not disclose whether the loan contains Interest Only Payments. | Unable to determine if loan contains interest only payments | Reviewer Comment (2022-01-18): Received, Clearing. |
01/18/2022 | 1 | A | GA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | B | B | Non QM | Non QM | Yes | ||||||||||||
| 436293848 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure AP Table Maximum Payment | TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Final Closing Disclosure provided on [Redacted] disclosed a Maximum Payment amount and period that does not match the actual terms for the loan. | Verified max payment amount | Reviewer Comment (2022-01-18): Received, Clearing. |
01/18/2022 | 1 | A | GA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | B | B | Non QM | Non QM | Yes | ||||||||||||
| 436293848 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non-Escrowed Property Costs Year 1 Incorrectly Disclosed | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] disclosed N/A as Non-Escrowed Property Costs over Year 1. | Verified disclosures | Reviewer Comment (2022-01-28): Received, Clearing. Seller Comment (2022-01-28): DISAGREE - PCCD not required for Non-Escrowed Property Costs over Year [redacted] is correct on Final CD as Appraisal indicates no HOA Dues |
01/28/2022 | 1 | A | GA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | B | B | Non QM | Non QM | Yes | ||||||||||||
| 436293848 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: [Redacted] Tolerance exceeded for Lender Credits. Final Lender Credit of [Redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [Redacted]. | Verified tolerance exceeded | Reviewer Comment (2022-01-28): Received, Clearing. Seller Comment (2022-01-28): Lender credit increased |
01/28/2022 | 1 | A | GA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | B | B | Non QM | Non QM | Yes | ||||||||||||
| 436293848 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. | Verified LE not provided in equal amount of days prior to closing | Reviewer Comment (2022-01-28): Received, Clearing. Seller Comment (2022-01-28): [redacted] LE signed same day - more than [redacted] days prior |
01/28/2022 | 1 | A | GA | Primary | Purchase | No Defined Cure | C | B | C | A | C | B | B | B | Non QM | Non QM | No | ||||||||||||
| 436293849 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total [Redacted] on a Federal Total Loan Amount of [Redacted] vs. an investor allowable total of [Redacted] (an overage of [Redacted] or [Redacted]%). | Points and Fees > [Redacted]% | 2 | B | NY | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 436293849 | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | Subject address is [Redacted] . HOI reflects [Redacted]. Lender to provide corrected HOI reflecting subject address. | Reviewer Comment (2021-12-27): Received, Clearing. Seller Comment (2021-12-27): Disagree - correct HOI uploaded |
12/27/2021 | 1 | A | NY | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293849 | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. | Subject address is [Redacted]. Flood Certificate reflects [Redacted]. Lender to provide corrected Flood Certificate reflecting subject address. | Reviewer Comment (2021-12-27): Received, Clearing. Seller Comment (2021-12-27): Disagree - corrected flood cert |
12/27/2021 | 1 | A | NY | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293850 | Property | Property - Appraisal | Appraisal Data Integrity | Property - Appraisal | Appraiser's license or certification was not active at the time of the appraisal. | - | Reviewer Comment (2021-12-15): Received, Clearing. Seller Comment (2021-12-13): Disagree - Appraiser licenses is in file and was active at time of appraisal [redacted] |
12/15/2021 | 1 | A | IL | Primary | Purchase | C | B | C | B | B | B | C | A | Non QM | Non QM | No | ||||||||||||||
| 436293850 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Updated per guidelines requirement. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Owner | Reviewer Comment (2021-12-15): Exception provided. Seller Comment (2021-12-13): Agree - exception uploaded that was approved and in file at closing |
12/15/2021 | 2 | B | IL | Primary | Purchase | C | B | C | B | B | B | C | A | Non QM | Non QM | No | |||||||||||
| 436293850 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Updated per guidelines requirement. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Owner | Reviewer Comment (2021-12-15): Exception provided. Buyer Comment (2021-12-13): Agree - previously uploaded exception covers this |
12/15/2021 | 2 | B | IL | Primary | Purchase | C | B | C | B | B | B | C | A | Non QM | Non QM | No | |||||||||||
| 436293850 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | 2 | B | IL | Primary | Purchase | C | B | C | B | B | B | C | A | Non QM | Non QM | No | ||||||||||||||||
| 436293851 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | At the time of closing the borrower's VISA was expired. Please provide updated documents that show it has been extended. Additional conditions may apply. | Reviewer Comment (2021-12-28): provided Seller Comment (2021-12-28): Disagree - VISA attached |
12/28/2021 | 1 | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293851 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | The HOI Dec page that has been provided and is still showing a shortfall of [Redacted] on the coverage needed. The HOI policy provided does not state that it is for Replacement Cost Coverage. Please have the policy updated to reflect the dwelling coverage as Replacement Cost or Guaranteed Replacement Cost. Than send same for review and note additional conditions may apply. | Reviewer Comment (2022-02-14): Received, clearing. Seller Comment (2022-02-11): We received the Updated HOI policy now with [redacted]% Replacement cost. |
02/14/2022 | 1 | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293851 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: [Redacted] Tolerance exceeded for Lender Credits. Final Lender Credit of [Redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [Redacted]. | Lender provided a cure credit to the borrower | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-18): DISAGREE - [redacted] COC CD was issued due to closing delay to [redacted], [redacted] day lock extension required at a cost ([redacted]%) to borrower per Rate Lock Cert; thus Lender Credit was adjusted to reflect |
01/18/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293851 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | Lender provided a cure credit to the borrower | Reviewer Comment (2022-01-19): SitusAMC upon further review sufficient cure provided at closing. Reviewer Comment (2022-01-18): SitusAMC upon further review as cure was provided at closing this will be cleared once we received the resolution for lender credit exception. Seller Comment (2022-01-18): DISAGREE - tolerance CURE of $[redacted] ($[redacted]) was applied to Final CD |
01/19/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293851 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total [Redacted] on a Federal Total Loan Amount of [Redacted] vs. an investor allowable total of [Redacted] (an overage of [Redacted] or [Redacted]%). | 2 | B | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||||
| 437016609 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: AUS not provided | Reviewer Comment (2021-12-15): AUS not required Seller Comment (2021-12-14): Disagree - Being 12 month Business Bank Statement program no AUS findings are needed |
12/15/2021 | 1 | A | AL | Primary | Refinance - Cash-out - Home Improvement | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016609 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-02): NA for this Seller. |
11/02/2021 | 1 | A | AL | Primary | Refinance - Cash-out - Home Improvement | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016609 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted] significantly exceeds the guideline maximum of 45.00%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | Reviewer Comment (2021-12-15): updated with recalculation of DTI. |
12/15/2021 | 1 | A | AL | Primary | Refinance - Cash-out - Home Improvement | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016609 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | [redacted]Cure was provided to borrower at closing | Reviewer Comment (2022-02-17): Final CD Seller Comment (2022-02-17): Disagree - Appraisal Fee increased from [redacted] in the Final LE dated [redacted] to [redacted] in Initial CD dated [redacted]. The Provided cure of [redacted] in CD issued on [redacted] is enough to clear the Zero tolerance violation. Commentary indicates finding has not cleared due to a remaining Lender Credit finding. However, no additional finding for lender credit in report. Rate Lock COC LE [redacted] updated lender credit to [redacted]. Adjusted for rate lock extension on ICD [redacted] with additional [redacted] tolerance cure; remained same at closing CD. Reviewer Comment (2022-01-20): [redacted]: Cure provided at closing is insufficient to cure for all the Citing(Lender Credit)Exception. Exception remains. Seller Comment (2022-01-19): DISAGREE - Tolerance CURE of [redacted] for Appraisal Fee was provide on Final CD |
02/17/2022 | 2 | B | AL | Primary | Refinance - Cash-out - Home Improvement | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016609 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted] | Data is correct per final CD | Reviewer Comment (2022-01-20): Received, Clearing. Seller Comment (2022-01-19): DISAGREE - Due to lock expired before closing/disbursement dates, lock extended at a cost of [redacted] charging borrower |
01/20/2022 | 1 | A | AL | Primary | Refinance - Cash-out - Home Improvement | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016609 | Credit | Guideline | Guideline Issue | Guideline | Refi Purpose reflects Rate/Term and cash out greater than the lesser of 2% of the loan amount or $2000. | Reviewer Comment (2021-12-15): corrected |
12/15/2021 | 1 | A | AL | Primary | Refinance - Cash-out - Home Improvement | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016609 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | More information needed on the exception of the DTI over the guidelines | Reviewer Comment (2021-12-15): updated with recalculation of DTI. Seller Comment (2021-12-14): Disagree - the debt ratio of [redacted] is accurate there are 2 duplicate Navy FCU accts [redacted] and [redacted], all debts are being paid off with loan proceeds see attached CD showing debts paid |
12/15/2021 | 1 | A | AL | Primary | Refinance - Cash-out - Home Improvement | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016609 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Provide more documentation on the ATR | Reviewer Comment (2021-12-15): ATR requirement met Seller Comment (2021-12-14): Disagree - Loan is 12 Month Business Bank Statement with accurate income of [redacted]which makes loan NQM and meets ATR requirements |
12/15/2021 | 1 | A | AL | Primary | Refinance - Cash-out - Home Improvement | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 437016609 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014[redacted] Points and Fees Test. Points and Fees on subject loan of [redacted] is in excess of the investor allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of [redacted] (an overage of [redacted] or .[redacted]). | 2 | B | AL | Primary | Refinance - Cash-out - Home Improvement | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||||
| 437016609 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2021-12-15): updated with trailing documents Seller Comment (2021-12-14): Disagree - Loan is not listed as rate/term refinance, final 1008 clearly shows as cash out loan |
12/15/2021 | 1 | A | AL | Primary | Refinance - Cash-out - Home Improvement | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| 437016609 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted] moderately exceeds the guideline maximum of [redacted]. (DTI Exception is eligible to be regraded with compensating factors.) | updated with recalculation of DTI. | Reviewer Comment (2022-03-25): Received, Clearing. Seller Comment (2022-03-25): Reviewing again - this same condition has cleared twice already. Max DTI is [redacted] per guides (12 month bank statement, 720+ FICO, non FTHB) Reviewer Comment (2022-03-23): The exception provided is for Payment Shock not for DTI over 45% allowed by the guideline. Seller Comment (2022-03-23): Reuploading exception form. Previous copy was not blank. Reviewer Comment (2022-03-21): Exception provided is unsigned. It is a blank form. Seller Comment (2022-03-21): Agree - uploaded signed approved exception Reviewer Comment (2022-02-15): Exception approval is unsigned. Exception will remain. Seller Comment (2022-02-15): reuploading - all needed information was on the first one uploaded Reviewer Comment (2022-02-14): Exception approval received is unsigned. Seller Comment (2022-02-13): Invalid Findings - DTI is actually [redacted] with an Exception Approval with Compensating Factors stated to support request that's attached to email; other compensating factors should have been provided: 1) Employed at same job for [redacted], 2) Excellent Credit History, 3) Minor increase in Total Expenses of [redacted] - no negative impact on ATR |
03/25/2022 | 1 | A | AL | Primary | Refinance - Cash-out - Home Improvement | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436293853 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NY | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 436293854 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total [Redacted] on a Federal Total Loan Amount of [Redacted] vs. an investor allowable total of [Redacted] (an overage of [Redacted] or [Redacted]%). | Points/fees are in excess of allowable amount. | 2 | B | PA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 436293854 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | No post disaster inspection was in file. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | PA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016611 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of [redacted] is in excess of the investor allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of [redacted] (an overage of [redacted] or [redacted]). | Points/fees were in excess of allowable amounts. | 2 | B | FL | Primary | Refinance - Rate/Term | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 437016611 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Building collapse would not affect subject. Please clear. | Reviewer Comment (2022-02-25): Received, Clearing. Seller Comment (2022-02-25): Disagree - post disaster inspection uploaded Reviewer Comment (2022-02-14): Exception will remain as zip code did show issue. Seller Comment (2022-02-14): Disagree - FEMA docs uploaded Reviewer Comment (2022-02-14): Post Disaster Inspection is needed to resolve this exception. Seller Comment (2022-02-11): We are adding the FEMA Report Reviewer Comment (2022-02-03): This exception is set based on zip codes of effected area and this one shows to be listed as effected. Need inspection at property level. Seller Comment (2022-02-03): Exception disapproved. Property was not showed to be located in FEMA Disaster, looks the zone is AH. |
02/25/2022 | 1 | A | FL | Primary | Refinance - Rate/Term | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016611 | Credit | Title | General | Title | Final Title Policy Coverage is less than Original Loan Amount. | Lender to provide final title with sufficient coverage. | Reviewer Comment (2021-12-06): Received, Clearing. Seller Comment (2021-12-06): Disagree, attached title policy shows correct amount |
12/06/2021 | 1 | A | FL | Primary | Refinance - Rate/Term | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016611 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Lender to provide final title. | Reviewer Comment (2021-12-06): Received, Clearing. |
12/06/2021 | 1 | A | FL | Primary | Refinance - Rate/Term | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016611 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Missing HOA documents for investment property. | Reviewer Comment (2022-01-25): Received, Clearing. Seller Comment (2022-01-25): Exception approved |
01/25/2022 | 1 | A | FL | Primary | Refinance - Rate/Term | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436293858 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The disaster date is post valuation date and a PDI was not provided. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NJ | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293858 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Lender has exception letter in file allowing 3 mths reserves | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower has worked in the same position for more than 3 years. Borrower has verified disposable income of at least $2500.00. Borrower has been employed in the same industry for more than 5 years. |
Owner Owner Owner Owner |
Reviewer Comment (2021-12-15): Exception provided. Seller Comment (2021-12-15): Agree - exception uploaded |
12/15/2021 | 2 | B | NJ | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 436293858 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total [Redacted] on a Federal Total Loan Amount of [Redacted] vs. an investor allowable total of [Redacted] (an overage of [Redacted] or [Redacted]%). | Reviewer Comment (2022-01-28): Not a required test. Reviewer Comment (2022-01-25): NA Seller Comment (2022-01-25): Disagree - file is not over [redacted]% Pts and Fees. |
01/28/2022 | 1 | A | NJ | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| 436293858 | Compliance | Compliance | State Compliance | State Defect | (State High Cost) New Jersey High-Cost Loan (Points and Fees) | New Jersey Home Ownership Security Act: Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of [Redacted]% of the Total Loan Amount. Points and Fees total [Redacted] on a Total Loan Amount of [Redacted] vs. an allowable total of [Redacted] (an overage of [Redacted] or [Redacted]%). Compliant High Cost Loan. | Missing evidence of whether seller paid fees were seller-only fees or borrower fees paid by seller. Provide evidence that seller paid fees were imposed only on the seller and were not borrower fees paid by seller in order to exclude from NJ high cost calculation. | Reviewer Comment (2022-02-17): Received, Clearing. Seller Comment (2022-02-16): Disagree - uploaded Settlement Statement with Seller Paid items. Passing NJ High Cost test |
02/17/2022 | 1 | A | NJ | Primary | Purchase | Within 45 days of closing, provide: (1) Letter of Explanation; (2) refund of amount over the high-cost threshold maximum; and (3) proof of delivery. (Narrow Defense - CHD Approval Required) Within 365 days of closing, and prior to lender receiving any notice from borrower of the compliance failure, provide: (1) Lender Attestation to AMC attesting (i) the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made and (ii) the lender has not received any notice from borrower of the failure; (2) refund of amount over the high-cost threshold maximum; and (3) proof of delivery. |
C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293858 | Compliance | Compliance | Federal Compliance | TRID | TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure | TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. | Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure. | Reviewer Comment (2022-02-17): Received, Clearing. |
02/17/2022 | 1 | A | NJ | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293859 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | 2 | B | FL | Primary | Purchase | C | B | A | A | C | B | B | B | Non QM | Non QM | No | ||||||||||||||||
| 436293859 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [Redacted] on Final Closing Disclosure provided on [Redacted] not accurate. | The final CD disclosed the Amount of Non-Escrowed Property Costs over Year 1 as [Redacted] on page 4; however the HOA dues total [Redacted] per year. Provide a post-close CD correcting the Escrow Account section on page 4 and Estimated Taxes, Insurance & Assessments on page 1; and a copy of the letter of explanation letter sent to the borrower disclosing the changes made. | Reviewer Comment (2022-01-20): PC CD Seller Comment (2022-01-20): Disagree - PCCD and LOX uploaded |
01/20/2022 | 2 | B | FL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | B | B | Non QM | Non QM | Yes | ||||||||||||
| 436293859 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Transfer Tax Fee was last disclosed as [Redacted] on LE but disclosed as [Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2021-10-29): Sufficient Cure Provided At Closing |
10/29/2021 | 1 | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | B | B | Non QM | Non QM | Yes | ||||||||||||
| 436293859 | Compliance | Compliance | Federal Compliance | Missing Disclosure | Notice of Special Flood Hazard Disclosure Not Provided Timely | FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. | Evidence of earlier borrower receipt was not found in file. | 2 | B | FL | Primary | Purchase | C | B | A | A | C | B | B | B | Non QM | Non QM | No | |||||||||||||||
| 436293859 | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | - | 2 | B | FL | Primary | Purchase | C | B | A | A | C | B | B | B | Non QM | Non QM | No | ||||||||||||||||
| 437016612 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [Redacted] not accurate. | Reviewer Comment (2022-01-19): Past 60 day cure timeframe. Seller Comment (2022-01-19): Disagree - PCCD and LOX uploaded |
2 | B | FL | Primary | Refinance - Limited Cash-out GSE | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| 437016612 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | . | Reviewer Comment (2021-12-15): Received, Clearing. Buyer Comment (2021-12-14): Disagree - previously uploaded doc covers this |
12/15/2021 | 1 | A | FL | Primary | Refinance - Limited Cash-out GSE | Lender to provide updated ATR/QM status | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016612 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Asset Depletion Income | Ability to Repay (Dodd-Frank 2014): Unable to verity asset depletion income due to, bank statement provided was dated more than [redacted] days prior to closing. | . | Reviewer Comment (2021-12-15): Received, Clearing. Buyer Comment (2021-12-14): Disagree - previously uploaded docs covers this |
12/15/2021 | 1 | A | FL | Primary | Refinance - Limited Cash-out GSE | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 437016612 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Bank Statements | Ability to Repay (Dodd-Frank 2014): Unable to verity Bank Statement income due to, bank statement provided was dated more than [redacted]days prior to closing, third party verification provided was dated more than[redacted] days prior to closing. | . | Reviewer Comment (2021-12-15): Received, Clearing. Seller Comment (2021-12-14): Disagree - Loan ATR is established using asset utilization which would be NQM. Assets utilization statements in file cover from [redacted] - [redacted] which is within 90 days of closing date [redacted] see attached asset statement. Proof of business when opened in 2003, and in flood as of [redacted] ( which is within 90 days of note date. and still in FL as of now |
12/15/2021 | 1 | A | FL | Primary | Refinance - Limited Cash-out GSE | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 437016612 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | . | Reviewer Comment (2021-12-15): Received, Clearing. |
12/15/2021 | 1 | A | FL | Primary | Refinance - Limited Cash-out GSE | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436293861 | Credit | Income / Employment | Income Eligibility | Income / Employment | The loan was qualified using Bank Statement to verify income, however the borrower is not Self-Employed. Bank Statement program is for self-employed borrowers otherwise ineligible. | - | Reviewer Comment (2021-12-10): Received, Clearing. Seller Comment (2021-12-10): Disagree - Borrower is Partner/ Self Employed in XXX XXXX SEE ATTACHED |
12/10/2021 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293861 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan will have an escrow account. | Page 1 of the Final Cd reflects no escrow account, page 4 states that there will be an escrow account. Lender to provide a corrected final CD. | Reviewer Comment (2022-01-20): revised CD provided Seller Comment (2022-01-20): Disagree - PCCD and LOX uploaded |
01/20/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293861 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan will have an escrow account. | Page 1 of the Final Cd reflects no escrow account, page 4 states that there will be an escrow account. Lender to provide a corrected final CD. | Reviewer Comment (2022-01-20): revised CD provided Seller Comment (2022-01-20): Disagree - PCCD and LOX uploaded |
01/20/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293862 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NY | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||||||
| 436293862 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ ___ ___ |
Missing verification doc's for the rental properties. Please provide the mortgage statements and tax verifications documents for the properties located on [Redacted] and also for the property located on [Redacted]. Note additional conditions may apply. | Reviewer Comment (2021-12-16): Received, Clearing. Seller Comment (2021-12-16): REO Docs |
12/16/2021 | 1 | A | NY | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||||
| 436293862 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Verification Appraisal was delivered to borrower was not provided. | 2 | B | NY | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||||||
| 436293862 | Compliance | Compliance | Federal Compliance | FACTA | FACTA Disclosure Missing | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. | The FACTA disclosure was not provided. | 2 | B | NY | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||||||
| 436293862 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and [Redacted] (2021). FNMA Finance Charge total [Redacted] on a Original Loan Amount of [Redacted] vs. an allowable total of [Redacted] and [Redacted] (2021) (an overage of [Redacted] or [Redacted]%). | 2 | B | NY | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | N/A | Yes | ||||||||||||||||
| 437016614 | Compliance | Compliance | Federal Compliance | Missing Disclosure | Notice of Special Flood Hazard Disclosure Not Provided Timely | FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. | Proof the disclosure was received at least three days before closing not provided. | 2 | B | CT | Primary | Refinance - Rate/Term | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016614 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [Redacted] not accurate. | Flood insurance was incorrectly disclosed on the final CD in the amount of[redacted]. The policy provided shows an annual premium of [redacted] | Reviewer Comment (2022-03-25): The EV2/B is the nonmaterial grade. No adjustment is needed. Buyer Comment (2022-03-25): Non-material issue per Chris - please clear Reviewer Comment (2022-01-19): Past 60 day cure timeframe. Seller Comment (2022-01-19): Disagree - PCCD and LOX uploaded |
2 | B | CT | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| 436293864 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total [Redacted] on a Federal Total Loan Amount of [Redacted] vs. an investor allowable total of [Redacted] (an overage of [Redacted] or [Redacted]%). | 2 | B | NY | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||||||||||
| 436293864 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Payment Shock exceeds credit guidelines. | Payment Shock: ___ | Payment shock exceeds [Redacted]% for first time home buyer and the [Redacted]% payment shock isn't met due to no 12 month recent payment history. | The representative FICO score exceeds the guideline minimum by at least 40 points. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has worked in the same position for more than 3 years. Borrower has verified disposable income of at least $2500.00. Borrower has been employed in the same industry for more than 5 years. |
Owner Owner Owner Owner Owner Owner Owner Owner |
Reviewer Comment (2021-12-06): Lender exception provided Seller Comment (2021-12-06): Agree, exception uploaded |
12/06/2021 | 2 | B | NY | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| 436293864 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The property is located in a FEMA disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after [Redacted] declared end date. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NY | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293865 | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. | Lender to provide HOI cert with correct mortgagee clause. | Reviewer Comment (2021-12-16): Received. Clearing. Seller Comment (2021-12-16): Disagree - policy shows correct mortgagee |
12/16/2021 | 1 | A | AZ | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293865 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Per guides 3 mos' PITI required for reserves and not verified, even including cash-out on transaction. | The representative FICO score exceeds the guideline minimum by at least 40 points. The refinance has decreased the borrower's monthly debt payments by 20% or more. Borrower's monthly mortgage payment has decreased by at least 20%. Borrower has worked in the same position for more than 3 years. Borrower has verified disposable income of at least $2500.00. Borrower has been employed in the same industry for more than 5 years. |
Owner Owner Owner Owner Owner Owner |
Reviewer Comment (2021-12-16): Exception provided. Seller Comment (2021-12-16): Agree - exception uploaded covers this |
12/16/2021 | 2 | B | AZ | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 436293868 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing 24 months canceled checks from the borrower's for their rental payments, needed to not consider them as FTHB. Please forward for review and note additional conditions may apply. | The qualifying DTI on the loan is at least 10% less than the guideline maximum. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has verified disposable income of at least $2500.00. |
Owner Owner Owner Owner |
Reviewer Comment (2022-01-20): Exception provided. Seller Comment (2022-01-20): Exception approved |
01/20/2022 | 2 | B | CA | Primary | Purchase | C | B | C | B | B | B | B | B | Non QM | Non QM | No | ||||||||||||
| 436293868 | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | - | Missing transfer letter for the Appraisal to be reassigned to current lender. | 2 | B | CA | Primary | Purchase | C | B | C | B | B | B | B | B | Non QM | Non QM | No | |||||||||||||||
| 436293868 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | 2 | B | CA | Primary | Purchase | C | B | C | B | B | B | B | B | Non QM | Non QM | No | ||||||||||||||||
| 436293821 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Not required | Reviewer Comment (2021-11-02): NA for this Seller. |
11/02/2021 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293821 | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. | - | Missing verification of previous employment | Reviewer Comment (2022-01-25): Received, Clearing. Seller Comment (2022-01-25): Disagree - VOE uploaded |
01/25/2022 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||
| 436293821 | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. | - | Missing verification of previous employment | Reviewer Comment (2022-01-25): Received, Clearing. Seller Comment (2022-01-25): Disagree - VOE uploaded |
01/25/2022 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||
| 436293821 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | - | Not required for prior employment | Reviewer Comment (2022-01-25): Received, Clearing. Seller Comment (2022-01-25): Disagree - VOE uploaded |
01/25/2022 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||
| 436293821 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | - | Not required for prior employment | Reviewer Comment (2022-01-25): Received, Clearing. Seller Comment (2022-01-25): Disagree - VOE uploaded |
01/25/2022 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||
| 436293821 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Fema Declaration date os [Redacted] is after the note date of [Redacted]. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293821 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing VOR for primary residence. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): Exception approved. |
02/14/2022 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293855 | Credit | Missing Document | General | Missing Document | Missing Document: 1007 Rent Comparison Schedule not provided | The file was missing a Rent comparison schedule | Reviewer Comment (2022-02-03): Received, Clearing. Seller Comment (2022-02-03): Exception approved. |
02/03/2022 | 1 | A | MD | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293855 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | The file was missing a Business License | Reviewer Comment (2021-12-15): Received, Clearing. Seller Comment (2021-12-13): business license |
12/15/2021 | 1 | A | MD | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||
| 436293855 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ ___ ___ ___ ___ ___ |
The file was missing REO documents for [Redacted] | Reviewer Comment (2022-01-25): Received, Clearing. Seller Comment (2022-01-25): Exception approved |
01/25/2022 | 1 | A | MD | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||
| 436293856 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The property is located in a FEMA disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after [Redacted] declared end date. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293856 | Credit | Guideline | Guideline Issue | Guideline | The Subject Property was listed for sale at the time of loan application and the file does not contain evidence the property was taken off the market on or before the loan disbursed. | - | The appraiser notes that the property was purchased on [Redacted] with a private mortgage for [Redacted] verified through tax records. | The representative FICO score is above 680. The representative FICO score exceeds the guideline minimum by at least 40 points. The qualifying DTI on the loan is less than or equal to 35%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has worked in the same position for more than 3 years. Borrower has verified disposable income of at least $2500.00. |
Owner Owner Owner Owner Owner Owner Owner |
Reviewer Comment (2021-12-17): Exception provide. Seller Comment (2021-12-17): Agree - Exception request covering missing verification property was removed from market prior to/on closing date. |
12/17/2021 | 2 | B | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||
| 436293856 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | LTV of [Redacted]% exceeds guidelines maximum of [Redacted]% for a 2-unit investment property. Lender to provide exception. | Reviewer Comment (2021-12-17): Received, Clearing. Seller Comment (2021-12-17): Disagree - attached matrix in effect at time of loan application ([redacted]) which allowed cash-out refi's up to [redacted]%LTV with minimum FICO of [redacted]. Borrower's mid score FICO is [redacted] |
12/17/2021 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293856 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | LTV of [Redacted]% exceeds guidelines maximum of [Redacted]% for a 2-unit investment property. Lender to provide exception. | Reviewer Comment (2021-12-17): Received, Clearing. Buyer Comment (2021-12-17): Disagree - previously uploaded doc covers this |
12/17/2021 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293857 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||||||
| 436293857 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | Reviewer Comment (2021-12-16): Received, Clearing. Seller Comment (2021-12-16): Original VVOE Reviewer Comment (2021-12-14): VVOE from [redacted] required to clear exception. The 3rd party internet search provided is not acceptable documentation to clear exception. Seller Comment (2021-12-13): VVOE provided with initial upload. Reattached, timing is valid |
12/16/2021 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293857 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Reviewer Comment (2021-12-14): provided with trailing documents. Seller Comment (2021-12-14): RCE - coverage is sufficient |
12/14/2021 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||||||
| 436293857 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ ___ ___ ___ ___ |
Reviewer Comment (2021-12-29): Received, Clearing. Seller Comment (2021-12-29): Disagree - All of these loans were either being purchased or refinanced at the time of application for this loan. All of the CDs were in the loan documents, CDs reflect the payment amounts including escrows |
12/29/2021 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293857 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Calculated loan to value percentage of [Redacted]% exceeds Guideline loan to value percentage of [Redacted]%. | The representative FICO score is above 680. The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has worked in the same position for more than 3 years. Borrower has verified disposable income of at least $2500.00. |
Owner Owner Owner Owner Owner |
Reviewer Comment (2021-12-16): Exception provided. Seller Comment (2021-12-16): Agree - exception uploaded covers this |
12/16/2021 | 2 | B | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||
| 436293857 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | - | Start date of current employment not verified. | Reviewer Comment (2021-12-16): Received, Clearing. Seller Comment (2021-12-16): VVOE within [redacted] days of note |
12/16/2021 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||||
| 436293874 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 | Reviewer Comment (2021-12-15): Received Clear Capital Desk Review dated [redacted] with a value of $[redacted], which gives [redacted]% variance from the Appraised value of $[redacted] dated [redacted], value supported. Exception cleared. Seller Comment (2021-12-13): CDA |
12/15/2021 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | D | B | C | A | B | B | D | A | N/A | N/A | No | |||||||||||||||
| 436293874 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Reviewer Comment (2022-02-11): provided Seller Comment (2022-02-10): Certificate of good standing for LLC showing good status since initial filing date in 2018 Reviewer Comment (2022-01-14): CPA letter can not be considered as Business License. Business License reflects the date of formation of the Business and whether the Business is active or not along with other details. Exception remains. Seller Comment (2022-01-12): Disagree - CPA letter uploaded |
02/11/2022 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | D | B | C | A | B | B | D | A | N/A | N/A | No | ||||||||||||||
| 436293874 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | D | B | C | A | B | B | D | A | N/A | N/A | No | |||||||||||||||
| 436293874 | Compliance | Compliance | Federal Compliance | FACTA | FACTA Disclosure Missing | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. | Document missing in file. | 2 | B | NJ | Investment | Refinance - Cash-out - Other | D | B | C | A | B | B | D | A | N/A | N/A | No | |||||||||||||||
| 436293874 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Reviewer Comment (2022-02-11): provided Seller Comment (2022-02-10): Existing Hazard ins showing [redacted]% guarantee replacement coverage |
02/11/2022 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | D | B | C | A | B | B | D | A | N/A | N/A | No | |||||||||||||||
| 436293875 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | The LTV per the guidelines for an investment property is [Redacted]%. | Reviewer Comment (2021-12-17): Received, Clearing. Seller Comment (2021-12-17): Disagree - NON QM allows up to [redacted]% LTV and this finding is INVALID |
12/17/2021 | 1 | A | OK | Investment | Refinance - Cash-out - Home Improvement | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293875 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | The LTV per the guidelines for an investment property is [Redacted]%. | Reviewer Comment (2021-12-17): Received, Clearing. Seller Comment (2021-12-17): Disagree - NON QM allows up to [redacted]% LTV and this finding is INVALID |
12/17/2021 | 1 | A | OK | Investment | Refinance - Cash-out - Home Improvement | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293808 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Title - Wire /Funding/ Disbursement Fee. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | No cure was provided to the borrower | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-18): DISAGREE - CURE not required for Borrower shopped, title fees updated to reflect chosen title company in Section [redacted] of CD [redacted]. |
01/18/2022 | 1 | A | NJ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293808 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Title - Notice of Settlement Fee. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | No cure was provided to the borrower | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-18): DISAGREE - CURE not required for Borrower shopped, title fees updated to reflect chosen title company in Section [redacted] of CD [redacted]. |
01/18/2022 | 1 | A | NJ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293808 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Survey Fee. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | No cure was provided to the borrower | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-18): DISAGREE - CURE not required for Borrower shopped, title fees updated to reflect chosen title company in Section [redacted] of CD [redacted]. |
01/18/2022 | 1 | A | NJ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293808 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | No cure was provided to the borrower | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-18): DISAGREE - CURE not required for Borrower shopped, title fees updated to reflect chosen title company in Section [redacted] of CD [redacted]. |
01/18/2022 | 1 | A | NJ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293808 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Title - Examination Fee. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | No cure was provided to the borrower | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-18): DISAGREE - CURE not required for Borrower shopped, title fees updated to reflect chosen title company in Section [redacted] of CD [redacted]. |
01/18/2022 | 1 | A | NJ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293808 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | No cure was provided to the borrower | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-18): DISAGREE - CURE not required. Transfer Tax was disclosed from LE to Final CD as Seller paid item |
01/18/2022 | 1 | A | NJ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293808 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total [Redacted] on a Federal Total Loan Amount of [Redacted] vs. an investor allowable total of [Redacted] (an overage of [Redacted] or [Redacted]%). | Data is correct | 2 | B | NJ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 436293808 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Appraisal was completed before the disaster. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NJ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293808 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Covid-19 documentation is missing/not received | Reviewer Comment (2021-11-02): NA for this Seller. |
11/02/2021 | 1 | A | NJ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293808 | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. | Updated hazard insurance policy needed showing the lender/servicer and its successors/assigns. | Reviewer Comment (2021-12-06): Received, clearing. Seller Comment (2021-12-06): Disagree, hoi declaration attached shows successors |
12/06/2021 | 1 | A | NJ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293809 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as [Redacted] on LE but disclosed as [Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. File does conttain LEs that have three separate appraisal fees totalling [Redacted]. Provide a post-close CD disclosing the tolerance cure to include [Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2021-12-02): Cured on CD Seller Comment (2021-12-02): $[redacted] cure was provided on CD for the appraisal increase |
12/02/2021 | 2 | B | NJ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293809 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Flood Certification (Life Of Loan). Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | Flood Certification (Life Of Loan) Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, cure provided at closing. | Reviewer Comment (2021-12-10): Cure on CD Buyer Comment (2021-12-10): The $[redacted] cure was provided as part of the $[redacted] cure on the previously uploaded CD Reviewer Comment (2021-12-02): Still part of zero tolerance fees. Buyer Comment (2021-12-02): Flood cert is only added at final cd |
12/10/2021 | 2 | B | NJ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293810 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Disaster occurred after loan closed. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NY | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||
| 436293810 | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | Initial lenders application not provided and is required. | 2 | B | NY | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||||
| 436293812 | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | 2 | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||||||||
| 436293812 | Credit | Missing Document | General | Missing Document | Missing Document: Bank Statements - Business not provided | Business bank statement missing for the month of [Redacted] | The qualifying DTI on the loan is at least 10% less than the guideline maximum. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Borrower has worked in the same position for more than 3 years. Borrower has verified disposable income of at least $2500.00. Borrower has owned the subject property for at least 5 years. Borrower has been employed in the same industry for more than 5 years. |
Owner Owner Owner Owner Owner Owner |
Reviewer Comment (2021-12-29): Exception provided. Seller Comment (2021-12-29): Agree - exception uploaded Reviewer Comment (2021-12-02): Received, clearing. Buyer Comment (2021-12-02): located on page [redacted] of loan package |
12/29/2021 | 2 | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||||
| 436293812 | Credit | Credit | Credit Documentation | Guideline | Aged document: Credit Report is more than 90 days prior to the note date. | - | Guidelines require that the credit report be no more than 90 days old at time of closing. | The qualifying DTI on the loan is at least 10% less than the guideline maximum. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Borrower has worked in the same position for more than 3 years. Borrower has verified disposable income of at least $2500.00. Borrower has owned the subject property for at least 5 years. Borrower has been employed in the same industry for more than 5 years. |
Owner Owner Owner Owner Owner Owner |
Reviewer Comment (2021-12-29): Exception provided. Seller Comment (2021-12-29): Agree - exception uploaded Reviewer Comment (2021-12-07): credit report is [redacted] days prior to closing. Exception stands. Buyer Comment (2021-12-07): Credit report dated [redacted] note date [redacted] within [redacted] days Reviewer Comment (2021-12-02): Credit Report you pointed out at page [redacted] is dated [redacted] which exceeds [redacted] days from closing. Buyer Comment (2021-12-02): located on page [redacted] of loan package |
12/29/2021 | 2 | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||
| 437016603 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | HOA project is involved in litigation. | Letter from [redacted] Condominium dated [redacted] reflects there is one unsettled Water Damage Claim in pending litigation. | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has worked in the same position for more than 3 years. Borrower has verified disposable income of at least $2500.00. |
Owner Owner Owner Owner |
Reviewer Comment (2022-02-01): Exception granted. Seller Comment (2021-12-10): Agree, exception uploaded |
02/01/2022 | 1 | A | FL | Second Home | Purchase | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||||
| 437016603 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Missing tax certificate and mortgage statement for residence [redacted]. | Reviewer Comment (2021-12-16): Received, Clearing. Seller Comment (2021-12-16): REO Docs |
12/16/2021 | 1 | A | FL | Second Home | Purchase | C | B | C | A | C | B | C | A | Non QM | Non QM | No | |||||||||||||
| 437016603 | Compliance | Compliance | Federal Compliance | Flood | Flood Insurance Escrow - Flood not Escrowed for Property in Flood Zone | Loan originated post [redacted], the subject property is in a flood zone, flood insurance is not escrowed. | Missing flood insurance policy and loan is in a designated flood zone area. Documentation of flood insurance policy in place with flood insurance escrowed. | 2 | B | FL | Second Home | Purchase | C | B | C | A | C | B | C | A | Non QM | Non QM | No | |||||||||||||||
| 437016603 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Miscellaneous. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Miscellaneous Fee of [redacted] was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include[redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-18): DISAGREE - CURE not required for Borrower shopped, title fees updated to reflect chosen title company in Section C of CD p2. |
01/18/2022 | 1 | A | FL | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||
| 437016603 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Lender changed the fee name from Transfer Tax to County Tax Stamps. | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-18): : DISAGREE - County Tax Stamps is used in default on all standard Closing Disclosure, no change was made. Transfer tax was [redacted] disclosed in the exact amount from LE [redacted] as rounded up) to Final CD |
01/18/2022 | 1 | A | FL | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||
| 437016603 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Title Closing/Escrow Fee in the amount of [redacted] exceeds tolerance of [redacted]. | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-18): DISAGREE - CURE not required for Borrower shopped and Closing/Escrow Fee was Seller paid item |
01/18/2022 | 1 | A | FL | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||
| 437016603 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [Redacted] not accurate. | Final CD [redacted] has Non-Escrowed property Costs over Year 1 of [redacted]. Flood Insurance is shown as [redacted] a month and HOA dues of [redacted] a month for non-escrowed items. [redacted] | Reviewer Comment (2022-03-24): [redacted] received sales contract HOA information which is matching according to the Final CD. Buyer Comment (2022-03-23): The CD from closing is correct - based on the last document provided, HOA dues are [redacted] per quarter (flood insurance is included in this amount) - that would make the non escrowed costs [redacted]. The appraisal appears to be rounded down Reviewer Comment (2022-03-23): [redacted] Received PCCD showing Non escrow cost as per Appraisal; however, LOE not provided. Provide LOE stating changes made on PCCD. Seller Comment (2022-03-21): Uploaded fees as listed on the Sales contact and appraisal to show that they were accurate. Reviewer Comment (2022-02-14): Condo dues are from the Appraisal, so please provide an updated appraisal and updated hoa dues. Seller Comment (2022-02-13): Invalid Findings - Subject is a Condo, Flood Policy for building coverage: [redacted] at premium of [redacted]; reason not included in PITI calculation and high condo dues. Non-Escrowed figure is correct. Flood policy attached Reviewer Comment (2022-01-18): Past the 60 day timeframe for curing and nothing provided to reflect when the exception was received. Seller Comment (2022-01-18): Disagree - PCCD provided to revise HOA/[redacted] monthly x 12 - [redacted]. Flood Insurance was removed due to master policy for the Condo Association provided |
03/24/2022 | 1 | A | FL | Second Home | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||
| 436293813 | Credit | Title | General | Title | Final Title Policy Coverage is less than Original Loan Amount. | The title commitment does not show the updated title value. | Reviewer Comment (2021-12-06): Received, Clearing. Seller Comment (2021-12-06): Disagree, title commitment endorsement shows $[redacted] loan amount |
12/06/2021 | 1 | A | NJ | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||
| 436293813 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The title commitment does not show an updated policy amount. | Reviewer Comment (2021-12-06): Received, Clearing. Buyer Comment (2021-12-06): Disagree, previously uploaded condition covers this |
12/06/2021 | 1 | A | NJ | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||
| 436293813 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The most recent disaster occurred after the valuation date and a PDI was not provided. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NJ | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||
| 436293813 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and [Redacted] (2021). FNMA Finance Charge total [Redacted] on a Original Loan Amount of [Redacted] vs. an allowable total of [Redacted] and [Redacted] (2021) (an overage of [Redacted] or [Redacted]%). | The lender shows a Lien Payoff and Other Optional fee in section H that were entered as Other. | 2 | B | NJ | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | N/A | Yes | |||||||||||||||
| 436293814 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total [Redacted] on a Federal Total Loan Amount of [Redacted] vs. an investor allowable total of [Redacted] (an overage of [Redacted] or [Redacted]%). | Points and Fees threshold exceeded by [Redacted] or [Redacted]%. Lender to issue refund of overage to borrower. Lender to provide copy of refund check and proof of delivery. Provide payment history of loan verifying loan is not 60 days delinquent. | 2 | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 436293814 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-02): [redacted] for this Seller. |
11/02/2021 | 1 | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436293814 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | Documentation needed showing if the collection debt is paid in full or showing the monthly payment. | 2 | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436293814 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after [Redacted] contains a change in APR and was not received by borrower at least three (3) business days prior to consummation | Corrected Final CD provided on dated of closing, [Redacted], the change in APR and was not received by borrower at least three (3) business days prior to consummation. | Reviewer Comment (2021-12-23): Clearing. Seller Comment (2021-12-23): APR change did not trigger a new waiting period |
12/23/2021 | 1 | A | FL | Primary | Refinance - Cash-out - Other | TRID timing exception, no remediation available. | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 436293814 | Compliance | Compliance | Federal Compliance | Missing Disclosure | Notice of Special Flood Hazard Disclosure Not Provided Timely | FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. | Evidence of earlier borrower receipt was not found in file. | 2 | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436293815 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | Transfer Tax Fee was last disclosed as [Redacted] on LE but disclosed as [Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, no cure provided at closing. | Reviewer Comment (2022-01-20): Received, Clearing. Seller Comment (2022-01-20): DISAGREE - Borrower portion of Transfer Tax was remained at $[redacted] (LE showed $[redacted] due to rounding) on Final CD, and $[redacted] was being paid by Seller |
01/20/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293815 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: [Redacted] Tolerance exceeded for Lender Credits. Final Lender Credit of [Redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [Redacted]. | Lender Credit Fee was last disclosed as [Redacted] on LE but not disclosed on Final Closing Disclosure. File does not contain a valid COC for this fee, no cure provided at closing. | Reviewer Comment (2022-01-20): Received, Clearing. Seller Comment (2022-01-20): DISAGREE - [redacted] COC CD was issued for Lender Fee buyout at a cost of [redacted]% per Borrower request; to reflect, Lender Credit of [redacted]% removed and Discount Points of [redacted]% added to offset the cost |
01/20/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293815 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Municipal Lien Certificate Fee (MLC). Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | Municipal Lien Fee was not disclosed on the LE but disclosed on Seller Closing Disclosure as a seller paid fee of [Redacted]. File does not contain a valid COC for this fee, no cure provided at closing. | Reviewer Comment (2022-01-20): Received, Clearing. Seller Comment (2022-01-20): : DISAGREE - NO specified fee was found on the Final CD. |
01/20/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293815 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-02): NA for this Seller. |
11/02/2021 | 1 | A | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 436293815 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Gift letter for [Redacted]. Missing A copy of the donor's check to the closing agent or a settlement statement showing receipt of the donor's check. Per guidelines, If funds are not transferred prior to settlement, the lender must document the donor gave the closing agent gift funds in the form of a certified check, a cashier's check or wire transfer. Documentation was not provided. | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower has worked in the same position for more than 3 years. Borrower has verified disposable income of at least $2500.00. Borrower has been employed in the same industry for more than 5 years. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
Comp Factors Provided | Owner Owner Owner Owner Owner,Originator |
Reviewer Comment (2022-01-14): Accepted by lender Reviewer Comment (2022-01-14): . Reviewer Comment (2022-01-14): Accepted as is Seller Comment (2022-01-13): Agree - exception approved |
01/14/2022 | 2 | B | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 436293816 | Credit | Insurance | Insurance Analysis | Insurance | The Hazard Insurance Policy effective date is after the Transaction Date. | Hazard Insurance Policy Effective Date ___, Transaction Date: ___ | Dry state closing- effective dates are valid. | Reviewer Comment (2021-12-16): Received, Clearing. Seller Comment (2021-12-16): Disagree - - HOI WAS EFFECTIVE THE SAME DATE THE LOAN FUNDED & THIS IS ACCEPTABLE |
12/16/2021 | 1 | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436293816 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Endorsement Fee. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | Endorsement Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, cure provided at closing. | Reviewer Comment (2022-01-20): Received, Clearing. Seller Comment (2022-01-20): DISAGREE - CURE not required for Borrower shopped, title fees updated to reflect chosen title company in Section [redacted] of CD [redacted]. |
01/20/2022 | 1 | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293816 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | Transfer Tax Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, cure provided at closing. | Reviewer Comment (2022-01-20): Received, Clearing. Seller Comment (2022-01-20): DISAGREE - N/A, no Transfer Tax was disclosed on LEs or CDs. |
01/20/2022 | 1 | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293818 | Credit | Title | General | Title | Final Title Policy Coverage is less than Original Loan Amount. | The borrower's loan amount has changed to [Redacted], please have this amount updated to reflect on the Final Title Policy. | Reviewer Comment (2021-12-10): Received, Clearing. Seller Comment (2021-12-10): Final Title |
12/10/2021 | 1 | A | CA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293818 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | CA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||||
| 436293818 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003/Declarations: D. 1. Have you or will you be applying for a mortgage loan on another property (not the property securing this loan) on or before closing this transaction that is not disclosed on this loan application? was entered Yes. Unable to determine qualification without this information. | - | Reviewer Comment (2022-01-03): Received, Clearing. Seller Comment (2022-01-03): Disagree - Verified Final Signed 1003 was marked "No" |
01/03/2022 | 1 | A | CA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293818 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003/Declarations: D. 1. Have you or will you be applying for a mortgage loan on another property (not the property securing this loan) on or before closing this transaction that is not disclosed on this loan application? was entered Yes. Unable to determine qualification without this information. | - | On the Final 1003 , the borrower's have marked in the Declaration section under D, that they applied for an additional mortgage not listed on this 1003. Please forward this new mortgage information for review. Note additional conditions may apply. | Reviewer Comment (2021-12-23): Received, Clearing. Seller Comment (2021-12-23): Disagree - corrected [redacted] uploaded |
12/23/2021 | 1 | A | CA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||
| 436293818 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing CPA letter to advise using the business funds from [Redacted] accounts ending in [Redacted] and [Redacted], submitted will not negatively impact the business in using them. Additional conditions may apply. | Reviewer Comment (2021-12-23): Received, Clearing. Buyer Comment (2021-12-23): Disagree - Borrower is [redacted]% owner of [redacted] LTV is under [redacted]% and borrower received small amount back. Do not need CPA letter. |
12/23/2021 | 1 | A | CA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293822 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded. Total amount of [Redacted] exceeds tolerance of [Redacted] plus [Redacted]% or [Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted]% tolerance was exceeded by [Redacted] due to addition of pest inspection and transfer tax fees. No valid COC provided, cure provided at closing. | Reviewer Comment (2022-01-20): Received, Clearing. Seller Comment (2022-01-20): DISAGREE - Fees in [redacted]% tolerance were lowered comparing with [redacted] LE, none was found higher |
01/20/2022 | 1 | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293822 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Pest Inspection Fee. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | Pest Inspection Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, cure provided at closing. | Reviewer Comment (2022-01-20): Received, Clearing. Seller Comment (2022-01-20): DISAGREE - NO specified fee was found on the Final CD |
01/20/2022 | 1 | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293822 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | Transfer Tax Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, cure provided at closing. | Reviewer Comment (2022-01-20): Received, Clearing. Seller Comment (2022-01-20): DISAGREE - Transfer Tax of $[redacted] was paid by Seller |
01/20/2022 | 1 | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293822 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure AP Table Subsequent Changes | TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Final Closing Disclosure provided on [Redacted] disclosed a Subsequent Changes period that does not match the actual terms for the loan. | Assistance needed. | Reviewer Comment (2022-01-20): Received, Clearing. Seller Comment (2022-01-20): Disagree - no subsequent changes in final cd |
01/20/2022 | 1 | A | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293822 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Title - Service Charges. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | no cic provided and no credit | Reviewer Comment (2022-01-20): Received, Clearing. Seller Comment (2022-01-20): DISAGREE - CURE not required for Borrower shopped, title fees updated to reflect chosen title company in Section [redacted] of CD [redacted]. |
01/20/2022 | 1 | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293823 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | validate | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293823 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Forbearance Agreement not provided | validate | Reviewer Comment (2022-02-02): Received, Clearing. Seller Comment (2022-02-02): Disagree - agreement uploaded |
02/02/2022 | 1 | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293823 | Compliance | Compliance | Federal Compliance | ATR/QM | General Ability To Repay Provision Asset Qualification Loan | Unable to test due to missing info regarding the use of assets as a qualification method. | 2 | B | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436293823 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | (Missing Data) Unable to determine if loan is a same lender refi (Third Circuit) | Original Lender was not able to be determined. Unable to determine if correct TILA rescission form was used. (H-8 Form was used and property is in the 3rd circuit) | Reviewer Comment (2021-11-29): Received, Clearing. Seller Comment (2021-11-26): Attached Final CD and both payoff letters that were in document file indicating borrower did not refi with original creditor |
11/29/2021 | 1 | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293823 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total [Redacted] on a Federal Total Loan Amount of [Redacted] vs. an investor allowable total of [Redacted] (an overage of [Redacted] or [Redacted]%). | 2 | B | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||||
| 436293826 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing signatures on the purchase contract. Please provide the fully executed contract. Note additional conditions may apply. | Reviewer Comment (2021-12-16): Received, Clearing. Seller Comment (2021-12-16): Disagree - attached purchase contract is complete and signed |
12/16/2021 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293826 | Credit | Insurance | Insurance Analysis | Insurance | The Hazard Insurance Policy effective date is after the Transaction Date. | Hazard Insurance Policy Effective Date ___, Transaction Date: ___ | The Hazard Insurance Declaration page shows the policy is not in effect until [Redacted]. The borrower closed on [Redacted] without sufficient coverage in place. | Reviewer Comment (2021-12-16): Received, Clearing. Seller Comment (2021-12-16): Disagree - this loan funded on [redacted] which is acceptable |
12/16/2021 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||
| 436293827 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded. Total amount of [Redacted] exceeds tolerance of [Redacted] plus [Redacted]% or [Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted]% tolerance was exceeded by [Redacted] due to increase of recording fee. No valid COC provided, nor evidence of cure in file. | Reviewer Comment (2022-01-25): Cure on Final CD Seller Comment (2022-01-25): DISAGREE - tolerance CURE was issued for $[redacted] ($[redacted]) on Final CD |
01/25/2022 | 2 | B | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293827 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Pest Inspection Fee. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | Pest Inspection Fee was not disclosed on the initial Loan Estimate, but disclosed as [Redacted] as a seller paid fee on the Seller Closing Disclosure. | Reviewer Comment (2022-01-25): Received, Clearing. Seller Comment (2022-01-25): DISAGREE - No specified fee found on Final CD |
01/25/2022 | 1 | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293827 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redacted] exceeds tolerance of [Redacted]. Insufficient or no cure was provided to the borrower. | Transfer Tax Fee was not disclosed on the initial Loan Estimate, but disclosed as [Redacted] as a seller paid fee on the Final Closing Disclosure. File does not contain a valid COC for this fee and no cure was provided at closing. | Reviewer Comment (2022-01-25): Received, Clearing. Seller Comment (2022-01-25): DISAGREE - Transfer taxes were paid by Seller |
01/25/2022 | 1 | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293827 | Credit | 1003 | Document Error | 1003 | Borrower(s) is not a U.S. Citizen, and the guideline required documentation was not provided. | - | Borrower is a Permanent Residence. A copy of the face of the Permanent Resident Card provided. Guidelines require a copy of the front and back of the valid green card. | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has worked in the same position for more than 3 years. Borrower has verified disposable income of at least $2500.00. Borrower has been employed in the same industry for more than 5 years. |
Owner Owner Owner Owner Owner |
Reviewer Comment (2021-12-17): Exception Provided. Seller Comment (2021-12-17): Agree - exception uploaded |
12/17/2021 | 2 | B | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 436293827 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Income worksheet covered deposits from [Redacted] to [Redacted]. Statements provided are from [Redacted] to [Redacted]. Income worksheet to be updated to match the statements provided | Reviewer Comment (2022-01-21): Received, Clearing. Buyer Comment (2022-01-21): Exception disapproved. Loan is Alt -Income all docs are in file. [redacted] month bank statements. CPA letter stating percentage of ownership, how long borrower has been in business and no affect on business. Business narrative is in file. Business license in file. Income worksheet in file |
01/21/2022 | 1 | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293827 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification CDA was delivered to borrower was not provided. | 2 | B | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436293827 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded. Total amount of [Redacted] exceeds tolerance of [Redacted] plus [Redacted]% or [Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2022-01-25): Sufficient Cure Provided At Closing |
01/25/2022 | 1 | A | CA | Primary | Purchase | Final CD evidences Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| 436293828 | Credit | Title | General | Title | Final Title Policy Coverage is less than Original Loan Amount. | validate, same as document | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293828 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Lender to provide a copy of the final title report | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293828 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | verified | Reviewer Comment (2021-12-10): Received, Clearing. Seller Comment (2021-12-10): Disagree - title policy coverage is correct, see attached |
12/10/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293828 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | reviewed | Reviewer Comment (2021-12-17): Received, Clearing. Seller Comment (2021-12-17): Statement |
12/17/2021 | 1 | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||
| 436293830 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The Closing Protection Letter is in the name of the Servicer , not the Lender. Please have this updated and send for review. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower has worked in the same position for more than 3 years. Borrower has verified disposable income of at least $2500.00. Borrower has been employed in the same industry for more than 5 years. The qualifying DTI on the loan is at least 10% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
The reserves are [redacted] months , The DTI is [redacted]. [redacted] at the same job for over [redacted] years. | Owner Owner Owner Owner Owner Owner,Originator Owner |
Reviewer Comment (2022-01-20): Exception provided. Seller Comment (2022-01-20): Exception approved |
01/20/2022 | 2 | B | CO | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 436293830 | Credit | Missing Document | General | Missing Document | Missing Document: Cancelled Check(s) not provided | Missing 24 months cancelled checks for the borrower's Rental History. | Reviewer Comment (2022-01-31): Received, Clearing. Seller Comment (2022-01-31): Agree - exception approved and VOR uploaded |
01/31/2022 | 1 | A | CO | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293830 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [Redacted] Fee Tolerance exceeded. Total amount of [Redacted] exceeds tolerance of [Redacted] plus [Redacted]% or [Redacted]. Insufficient or no cure was provided to the borrower. | [Redacted]% tolerance was exceeded by [Redacted] due to increase of closing fee which was paid by the seller. No valid COC provided, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2022-01-28): Received, Clearing. Seller Comment (2022-01-28): Borrower shopped, tittle fees updated to reflect; and Recording Fee was lower on Final CD. See attached last LE and Final CD. |
01/28/2022 | 1 | A | CO | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016604 | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | - | 2 | B | CA | Primary | Purchase | C | B | A | A | C | B | B | B | Non QM | Non QM | No | ||||||||||||||||
| 437016604 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | The lender did not disclose the seller paid Transfer taxes on the final CD. | Reviewer Comment (2022-01-31): Received, Clearing. Seller Comment (2022-01-31): ALTA statement for the seller paid transfer tax |
01/31/2022 | 1 | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | B | B | Non QM | Non QM | Yes | ||||||||||||
| 437016604 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | Non QM | 2 | B | CA | Primary | Purchase | C | B | A | A | C | B | B | B | Non QM | Non QM | No | |||||||||||||||
| 437016604 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Escrowed Property Costs Year 1 - October 2018 Test | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Escrowed Property Costs over Year 1 of[redacted] on Final Closing Disclosure provided on [Redacted] not accurate. | The lender calculated property taxes at [redacted], using the 1.25% of purchase price method for [redacted] the property tax is [redacted] | Reviewer Comment (2022-03-25): [redacted] received tax certificate that supports lender calculation. Reviewer Comment (2022-03-25): Cleared in error Reviewer Comment (2022-03-25): [redacted] received tax cert indicating lender's calculation. Reviewer Comment (2022-02-17): Taxes on a purchase in CA should use 1.25 %. Exception remains. Seller Comment (2022-02-17): Disagree - Appraisal Report indicates no HOA Dues and Final CD reflects non-escrowed property cost as ZERO Reviewer Comment (2022-02-03): Taxes on a purchase in CA should use 1.25 %. Exception remains. Buyer Comment (2022-02-03): Exception disapproved. Invalid Findings - HOI [redacted] + TAX [redacted] = [redacted]/mo x 12 = [redacted] which is accurate. Reviewer Comment (2022-01-28): This is a purchase in California, The larger of tax bill or 1.25% should be used and in this case the [redacted] was higher.. Seller Comment (2022-01-28): Final CD is correct. See CD and County Tax information |
03/25/2022 | 1 | A | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | B | B | Non QM | Non QM | Yes | ||||||||||||
| 436293834 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Missing valid form signed by the borrowers acknowledging receipt of appraisal at closing | 2 | B | AZ | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436293834 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least four (4) business days prior to closing. | Loan Estimated issued [Redacted] is e-signed by the borrower on [Redacted]. Closing date is [Redacted]. No evidence LE was received at least 4 days prior to the closing date. | Reviewer Comment (2022-01-12): Received, Clearing. Seller Comment (2022-01-12): Disagree - Per the tracker provided by the Client, the Revised LE was sent on [redacted] and Received on [redacted] which is more than [redacted] days prior to the consummation date of [redacted] |
01/12/2022 | 1 | A | AZ | Primary | Refinance - Cash-out - Other | No Defined Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 436293819 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Guidelines require the 2 most current/consecutive months asset documentation. We have a [Redacted] and [Redacted] statement in the file for B of A. | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has worked in the same position for more than 3 years. Borrower has verified disposable income of at least $2500.00. Borrower has been employed in the same industry for more than 5 years. The representative FICO score is above 680. |
exception provided | Owner Owner Owner Owner Owner Owner,Originator Pre-Close,Originator,Aggregator |
Reviewer Comment (2022-01-14): Accepted by lender Reviewer Comment (2022-01-14): . Reviewer Comment (2022-01-14): Accepted as is Seller Comment (2022-01-13): Agree - exception approved |
01/14/2022 | 2 | B | NY | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||
| 436293819 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Disaster end date was after the loan closed. | Reviewer Comment (2021-12-09): provided with trailing documents. |
12/09/2021 | 1 | A | NY | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293819 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of [Redacted]% exceeds Guideline total debt ratio of [Redacted]%. The loan approval shows a positive rental income for the subject property however supporting documentation is not provided. | Reviewer Comment (2022-01-05): Received, Clearing. Seller Comment (2022-01-05): Re-calculated income and found ratios of [redacted] using income and docs from within file. Attached updated 1008, income calculation worksheet and WVOE. The income calculated from the WVOE was not incorporating all of the borrowers income and the rental income used for the subject property was incorrect. Re-calculated borrowers W2 income (from WVOE using lowest scenario) and rental income ($[redacted] monthly based on FNMA form 216 in appraisal). See attached documents Reviewer Comment (2021-12-09): Rental calcs don't add up as first example shows expenses greater than rent yet your still showing positive income. Seller Comment (2021-12-09): Rebuttal attached |
01/05/2022 | 1 | A | NY | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293819 | Credit | Credit | Credit Documentation | Guideline | Aged document: Credit Report is more than 90 days prior to the note date. | - | Per guidelines-Credit, Asset and Income: Documentation must be no more than 90 days old at time of the closing. | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has worked in the same position for more than 3 years. Borrower has verified disposable income of at least $2500.00. Borrower has been employed in the same industry for more than 5 years. The representative FICO score is above 680. |
exception provided | Owner Owner Owner Owner Owner Owner,Originator Pre-Close,Originator,Aggregator |
Reviewer Comment (2021-12-09): Lender exception provided Seller Comment (2021-12-09): exception for expired credit report |
12/09/2021 | 2 | B | NY | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||
| 436293819 | Credit | Guideline | Guideline Issue | Guideline | Aged document: Asset Account date is more than 90 days prior to Closing. | - | Per guidelines-Credit, Asset and Income: Documentation must be no more than 90 days old at time of the closing. | Reviewer Comment (2021-12-09): Received, Clearing. Seller Comment (2021-12-09): Doc not expired as closing |
12/09/2021 | 1 | A | NY | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||||
| 436293820 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Missing | Reviewer Comment (2021-11-02): NA for this Seller. |
11/02/2021 | 1 | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293820 | Credit | Title | General | Title | Final Title Policy Coverage is less than Original Loan Amount. | title policy is [Redacted] and less than loan amount | Reviewer Comment (2021-12-09): provided with trailing documents. Seller Comment (2021-12-09): Final Title |
12/09/2021 | 1 | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293820 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | final title policy missing | Reviewer Comment (2021-12-09): provided with trailing documents. |
12/09/2021 | 1 | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436293820 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2021-12-09): provided with trailing documents. Buyer Comment (2021-12-09): duplicate condition |
12/09/2021 | 1 | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||||
| 436293820 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | verified is less than 2 months | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): Disagree - uploaded bank statement and printout attached to clear condition for 2 months bank statements. |
02/14/2022 | 1 | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||
| 436293807 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-02): NA for this seller.. |
11/02/2021 | 1 | A | NY | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293807 | Credit | Missing Document | General | Missing Document | ACH was missing from file. | Reviewer Comment (2021-11-03): ACH not required |
11/03/2021 | 1 | A | NY | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293807 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance does not name lender as mortgagee | Servicer is listed as the mortgagee. | Reviewer Comment (2021-11-29): Servicer is acceptable, exception cleared. Seller Comment (2021-11-29): mortgage clause was correct to our guidelines |
11/29/2021 | 1 | A | NY | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293811 | Property | Valuation | Valuation Issue | Valuation | The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal | The CDA from [Redacted] shows the CDA effective date was [Redacted] and the Original Appraisal Report shows this as [Redacted]. Please have the CDA updated and resend for review. Additional conditions may apply. | Reviewer Comment (2021-12-21): Received, Clearing. Seller Comment (2021-12-21): Disagree - Correct CDA attached |
12/21/2021 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | No | ||||||||||||||||||
| 436293811 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance does not name lender as mortgagee | Servicer is listed as the mortgagee | Reviewer Comment (2021-12-03): Per Client Servicer is ok for Mortgagee. |
12/03/2021 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | No | ||||||||||||||||||
| 436293811 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-02): NA for this seller.. |
11/02/2021 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | No | |||||||||||||||||||
| 436293811 | Credit | Missing Document | General | Missing Document | Missing Document: Cancelled Check(s) not provided | Missing proof of receipt of 4 months of rent as required per matrix | The representative FICO score exceeds the guideline minimum by at least 40 points. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has owned the subject property for at least 5 years. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. |
Comp Factors Provided | Owner Owner Owner Owner Owner,Originator |
Reviewer Comment (2022-01-14): Approved by lender Reviewer Comment (2022-01-14): . Reviewer Comment (2022-01-14): Accepted as is. Seller Comment (2022-01-13): Agree - exception approved |
01/14/2022 | 2 | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | No | |||||||||||||||
| 436293817 | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. | The Hazard Insurance is in the name of the lender's servicer. Please have it updated to reflect the current lenders mortgagee clause with ISAOA/ATIMA added and than send for review. | Reviewer Comment (2021-12-15): Received, Clearing. Buyer Comment (2021-12-14): Given age of loan - we are ok with leaving mortgagee clause as is given loan is with [redacted] now |
12/15/2021 | 1 | A | FL | Investment | Purchase | C | B | C | B | A | A | No | ||||||||||||||||||
| 436293817 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Reviewer Comment (2021-12-15): Received, Clearing. Buyer Comment (2021-12-14): EIN number is not needed on a DSCR loan |
12/15/2021 | 1 | A | FL | Investment | Purchase | C | B | C | B | A | A | No | |||||||||||||||||||
| 436293817 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-02): NA for this seller.. |
11/02/2021 | 1 | A | FL | Investment | Purchase | C | B | C | B | A | A | No | |||||||||||||||||||
| 436293817 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | [Redacted]% LTV exceeds [Redacted]% Max on a non-warranted condo; lender exception in file based on FICO, Reserves, Job History, and years in current home | The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's Experience/Track Record |
Excessive reserves over [redacted] [redacted]mid FICO Borrower has had same job for [redacted] |
Owner Owner Originator Pre-Close,Owner Originator Pre-Close Originator Pre-Close |
Reviewer Comment (2021-12-15): Exception provided. Seller Comment (2021-12-14): this exception was approved prior to funding - attached again |
12/15/2021 | 2 | B | FL | Investment | Purchase | C | B | C | B | A | A | No | ||||||||||||||
| 436293824 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-02): NA for this seller.. |
11/02/2021 | 1 | A | IL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293824 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance does not name lender as mortgagee | Servicer is listed as the mortgagee. | Reviewer Comment (2021-12-02): Servicer identified as acceptable. Seller Comment (2021-12-02): Disagree, hazard insurance lists the servicer and its successors |
12/02/2021 | 1 | A | IL | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293825 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
Owner Owner |
Reviewer Comment (2022-01-20): Exception provided. Seller Comment (2022-01-20): Exception approved |
01/20/2022 | 2 | B | NJ | Investment | Refinance - Rate/Term | C | B | C | B | A | A | No | |||||||||||||||||
| 436293825 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance does not name lender as mortgagee | Servicer listed as the Mortgagee. | Reviewer Comment (2021-11-30): Received, clearing. Seller Comment (2021-11-30): Disagree, HOI attached includes lender |
11/30/2021 | 1 | A | NJ | Investment | Refinance - Rate/Term | C | B | C | B | A | A | No | ||||||||||||||||||
| 436293825 | Credit | Missing Document | General | Missing Document | Missing Document: Cancelled Check(s) not provided | Missing proof of receipt of 4 months of rent as required per matrix. | Reviewer Comment (2022-01-20): Received, Clearing. Seller Comment (2022-01-20): Exception Disagree. The application date is [redacted]. Based on the matrix dated [redacted] the verification of [redacted] months' rent does not show as a requirement. |
01/20/2022 | 1 | A | NJ | Investment | Refinance - Rate/Term | C | B | C | B | A | A | No | ||||||||||||||||||
| 436293825 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-02): NA for this seller.. |
11/02/2021 | 1 | A | NJ | Investment | Refinance - Rate/Term | C | B | C | B | A | A | No | |||||||||||||||||||
| 436293831 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Note, Security Instrument and all other closing docs with the borrowing entity listed, list the borrowing entity incorrectly as [Redacted]. The ownership docs in file list the entity as [Redacted]. Please provide corrected closing docs with the borrowing entity correctly listed. | Reviewer Comment (2022-01-21): Received, Clearing. Seller Comment (2022-01-21): Exception approved |
01/21/2022 | 1 | A | MD | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | ||||||||||||||||||
| 436293831 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Missing Operating Agreement for [Redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has owned the subject property for at least 5 years. |
Owner Owner |
Reviewer Comment (2022-01-11): Exception provided. Seller Comment (2022-01-11): exception approved |
01/11/2022 | 2 | B | MD | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | ||||||||||||||||
| 436293831 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Reviewer Comment (2021-11-15): Clearing after re-review. Buyer Comment (2021-11-15): Don't need DSCR loan |
11/15/2021 | 1 | A | MD | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||||
| 436293831 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-02): NA for this seller.. |
11/02/2021 | 1 | A | MD | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||||
| 436293831 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Track Record Report not provided | Reviewer Comment (2022-02-01): Not required Reviewer Comment (2022-02-01): Reopening to clear Reviewer Comment (2021-11-08): Removing based on client direction to use the 1003. |
02/01/2022 | 1 | A | MD | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||||
| 436293831 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance does not name lender as mortgagee | Servicer is listed as the mortgagee. | Reviewer Comment (2021-11-24): cleared with additional clarification. Seller Comment (2021-11-24): Mortgagee clause is correct to our guides |
11/24/2021 | 1 | A | MD | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | ||||||||||||||||||
| 436293831 | Credit | Asset | Asset Documentation | Asset | Missing Document: Asset Documentation not provided | Please provide the 2nd page for both the [redacted] bank statements for the [redacted]accounts. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has owned the subject property for at least 5 years. |
Owner Owner |
Reviewer Comment (2022-01-11): Exception provided. Seller Comment (2022-01-11): exception approved |
01/11/2022 | 2 | B | MD | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | ||||||||||||||||
| 436293831 | Credit | Missing Document | General | Missing Document | Missing Document: Cancelled Check(s) not provided | Missing proof of receipt of [redacted] of rent as required per matrix. | Reviewer Comment (2021-12-01): agreed, exception cleared Buyer Comment (2021-12-01): This is not required on a DSCR purchase |
12/01/2021 | 1 | A | MD | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | ||||||||||||||||||
| 436293831 | Credit | Missing Document | General | Missing Document | ACH was missing from file. | Reviewer Comment (2022-02-01): Not required Reviewer Comment (2022-02-01): Reopened to clear Reviewer Comment (2021-11-30): NA |
02/01/2022 | 1 | A | MD | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||||
| 437016605 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of ___ does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) ___. | Correct calculatation of DSCR; Exception approval in file by lender based on reserves and FICO | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
Owner Owner Owner |
Reviewer Comment (2021-12-15): Exception Provided. Seller Comment (2021-12-13): Agree, exception uploaded covering |
12/15/2021 | 2 | B | NY | Investment | Purchase | C | B | C | B | A | A | No | |||||||||||||||
| 437016605 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-02): NA for this seller.. |
11/02/2021 | 1 | A | NY | Investment | Purchase | C | B | C | B | A | A | No | |||||||||||||||||||
| 437016605 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Reviewer Comment (2021-11-15): exception cleared Buyer Comment (2021-11-15): Not needed for DSCR loan |
11/15/2021 | 1 | A | NY | Investment | Purchase | C | B | C | B | A | A | No | |||||||||||||||||||
| 436293833 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Please provide the Operating Agreement for[redacted], as they are [redacted] owner of the borrowing entity,[redacted]. | Reviewer Comment (2021-12-15): Received, Clearing. Seller Comment (2021-12-13): Operating agreement |
12/15/2021 | 1 | A | FL | Investment | Purchase | C | B | C | B | C | A | No | ||||||||||||||||||
| 436293833 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance does not name lender as mortgagee | Servicer is listed as the mortgagee. | Reviewer Comment (2021-12-01): Received, clearing. Seller Comment (2021-12-01): Disagree, hoi shows Servicer and its successors and assigns |
12/01/2021 | 1 | A | FL | Investment | Purchase | C | B | C | B | C | A | No | ||||||||||||||||||
| 436293833 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-02): NA for this seller.. |
11/02/2021 | 1 | A | FL | Investment | Purchase | C | B | C | B | C | A | No | |||||||||||||||||||
| 436293833 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Secondary appraisal(s) does not support the value used to qualify. The lower value was not used to calculate LTV.; Sec ID: 3 | Reviewer Comment (2021-12-15): Received, Clearing. Seller Comment (2021-12-14): CDA value is [redacted] variance to appraisal. Purchase price was used to calc LTV |
12/15/2021 | 1 | A | FL | Investment | Purchase | C | B | C | B | C | A | No | |||||||||||||||||||
| 436293833 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Trust Agreement not provided | Asset statements in file are in the name of a trust. Please provide the trust agreement for[redacted] Revocable Trust, to ensure borrower has [redacted] access to funds. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
Owner Owner Owner |
Reviewer Comment (2021-12-01): Exception Received. Seller Comment (2021-12-01): Agree, exception covering missing trust agreement |
12/01/2021 | 2 | B | FL | Investment | Purchase | C | B | C | B | C | A | No | ||||||||||||||||
| 436293845 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | Missing the Quit Claim Deed transferring the property back to the borrower. Please forward a fully executed and notarized copy for review. Additional conditions may apply. | Reviewer Comment (2021-12-27): Received, Clearing. Seller Comment (2021-12-27): Disagree - Property was originally title in borrower's company [redacted], but borrower decided to close in just her name, see attached original title, updated title docs, and transfer deed |
12/27/2021 | 1 | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | No | ||||||||||||||||||
| 436293845 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Spousal Consent Form not provided | Not required. | Reviewer Comment (2022-01-27): Received, Clearing. Buyer Comment (2022-01-27): Disagree - property is an investment property which requires only applicant to sign the documents |
01/27/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | No | ||||||||||||||||||
| 436293845 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-02): NA for this seller.. |
11/02/2021 | 1 | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | No | |||||||||||||||||||
| 436293845 | Credit | Credit | Credit Documentation | Credit | There is no lease in place for the subject property and the absence of this document casts doubt on business purpose of loan. | Guidelines require lease agreement for refinance transactions | Reviewer Comment (2022-02-02): Received, Clearing. Seller Comment (2022-02-02): Exception disapproved. We have attached both Approved Exceptions approving the loan to close as rental. Additional to the Appraisal is marked tenant. |
02/02/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | No | ||||||||||||||||||
| 436293845 | Credit | Missing Document | General | Missing Document | Missing Document: Cancelled Check(s) not provided | Missing proof of receipt of [redacted] of rent as required per matrix | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-18): Disagree - not a valid finding as not needed for DSCR loan |
01/18/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | No | ||||||||||||||||||
| 436293845 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance does not name lender as mortgagee | Mortgagee clause listed as servicer | Reviewer Comment (2021-12-03): Per Client Servicer is ok for Mortgagee. |
12/03/2021 | 1 | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | No | ||||||||||||||||||
| 437016607 | Credit | Missing Document | General | Missing Document | ACH was missing from file. | Reviewer Comment (2021-11-03): ACH not required |
11/03/2021 | 1 | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 437016607 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Spousal Consent Form not provided | Reviewer Comment (2022-01-20): Received. Clearing. Buyer Comment (2022-01-20): Exception disapproved. Borrower is not Married, spousal consent form not required |
01/20/2022 | 1 | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 437016607 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-02): NA for this seller.. |
11/02/2021 | 1 | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 437016607 | Credit | Missing Document | General | Missing Document | Missing Document: Cancelled Check(s) not provided | Missing proof of receipt of 4 months of rent as required per matrix | Reviewer Comment (2022-02-11): Received, Clearing. Seller Comment (2022-02-11): Attached matrix showing 4 months bank statements are not required. Application is dated [redacted], the attached matrix is dated [redacted] |
02/11/2022 | 1 | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 437016607 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Flood insurance coverage amount is insufficient. | Reviewer Comment (2022-01-31): Received, Clearing. Seller Comment (2022-01-31): Disagree -flood insurance coverage sufficient |
01/31/2022 | 1 | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 437016607 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Commitment title shows proposed vesting as borrower as trustee, no other indication property will be vested in trust, please provide further clarification or corrected/final title | Reviewer Comment (2022-03-08): Received, Clearing. Seller Comment (2022-03-08): Agree - attached is the special warranty deed, changing the vesting to Jennifer Kyung Lee, recorded before the Deed of Trust |
03/08/2022 | 1 | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293852 | Credit | Insurance | Insurance Documentation | Insurance | Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. | Rent Loss coverage equal to or greater than [redacted] total gross rents required but not provided on Evidence of Insurance | Reviewer Comment (2021-12-15): Received, Clearing. Seller Comment (2021-12-13): Disagree - Guidelines do not require as of application date [redacted]. There is only one reference to rent loss coverage and it is on a purchase loam, our loan is refinance and Fannie remove requirement for rent loss |
12/15/2021 | 1 | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293852 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance does not name lender as mortgagee | Servicer is listed as the mortgagee. | Reviewer Comment (2021-12-03): Per Client Servicer is ok for Mortgagee. |
12/03/2021 | 1 | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293852 | Credit | Missing Document | General | Missing Document | Missing Document: Cancelled Check(s) not provided | Missing proof of receipt of [redacted]. | Reviewer Comment (2021-12-20): Clearing. Seller Comment (2021-12-20): Not needed at time of origination |
12/20/2021 | 1 | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293852 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-02): NA for this seller.. |
11/02/2021 | 1 | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293776 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NY | Investment | Purchase | C | B | C | B | A | A | No | |||||||||||||||||||
| 436293776 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-02): NA for this seller.. |
11/02/2021 | 1 | A | NY | Investment | Purchase | C | B | C | B | A | A | No | |||||||||||||||||||
| 436293776 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of ___ does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) ___. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. |
Owner Owner |
Reviewer Comment (2021-11-24): Approved exception. Seller Comment (2021-11-24): exception approved |
2 | B | NY | Investment | Purchase | C | B | C | B | A | A | No | |||||||||||||||||
| 436293776 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. |
Owner Owner |
Reviewer Comment (2021-11-24): Approved exception. Seller Comment (2021-11-24): exception approved |
2 | B | NY | Investment | Purchase | C | B | C | B | A | A | No | |||||||||||||||||
| 436293776 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance does not name lender as mortgagee | Servicer is listed as the Mortgagee. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. |
Owner Owner |
Reviewer Comment (2021-11-24): Approved exception. Seller Comment (2021-11-24): exception approved |
2 | B | NY | Investment | Purchase | C | B | C | B | A | A | No | |||||||||||||||||
| 436293860 | Credit | Missing Document | General | Missing Document | Missing Document: Cancelled Check(s) not provided | Missing proof of receipt of [redacted] as required per matrix. | Reviewer Comment (2022-01-12): Received, Clearing. Seller Comment (2022-01-12): Disagree - not a valid finding, Per the updated guidelines matrix for the DSCR program 4 months of rent is not required |
01/12/2022 | 1 | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293860 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-02): NA for this seller.. |
11/02/2021 | 1 | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 437016613 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Reviewer Comment (2022-01-14): Per client direction Seller Comment (2022-01-13): Disagree - not needed for [redacted]loan |
01/14/2022 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 437016613 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 437016613 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | The officer's certificate in file does not list the ownership percentage of the [redacted], nor does it state that this is a single member entity. | Reviewer Comment (2022-03-02): Received, Clearing. Seller Comment (2022-03-02): Please find attached: 1. operating agreement that confirms borrower is [redacted] owner 2. business purpose affidavit and exhibit F acknowledged by [redacted] 3. NY officers certificate declaring [redacted] as the managing member |
03/02/2022 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 437016613 | Credit | Missing Document | General | Missing Document | Missing Document: Cancelled Check(s) not provided | Missing proof of receipt of 4 months of rent as required per matrix. | Reviewer Comment (2022-02-04): Received, Clearing. Seller Comment (2022-02-04): Please see attached guidelines. Per the DSCR matrix dated [redacted] the requirement for [redacted] months of rent receipt was removed and no longer applied to any loan with an application date of [redacted] or later. Please review above guidelines and advise the DD firm that these findings are not valid based on guideline in effect and date of application. Selling guide [redacted] page [redacted] supports Dscr matrix Reviewer Comment (2022-01-14): Per Guides - - Refinance: Copy of lease agreement, four months most recent canceled checks or four months of a bank statement or other reasonable means to show a consistent, valid monthly payment of rent is being received for the subject property. Security deposits will not qualify as monthly rental payment. Seller Comment (2022-01-13): Disagree - not required for [redacted]loan |
02/04/2022 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 437016613 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance does not name lender as mortgagee | Servicer is listed as the mortgagee. | Reviewer Comment (2021-12-03): Per Client Servicer is ok for Mortgagee. |
12/03/2021 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 437016613 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-02): NA for this seller.. |
11/02/2021 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293863 | Credit | Missing Document | General | Missing Document | Missing Document: Cancelled Check(s) not provided | Missing proof of receipt of [redacted] as required per matrix. | Reviewer Comment (2022-01-14): Not required per guideline update Buyer Comment (2022-01-13): Disagree - no longer applicable on DSCR loans as of [redacted] per guideline change, subject loan funded on [redacted]. |
01/14/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293863 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance does not name lender as mortgagee | Servicer listed as mortgagee. | Reviewer Comment (2021-12-03): Per Client Servicer is ok for Mortgagee. |
12/03/2021 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293863 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Total cash-out discrepancy. | Reviewer Comment (2021-12-15): Received, Clearing. Seller Comment (2021-12-14): Disagree - This is allowed LTV is [redacted] and matrix reflects less than or equal to 70% no limit for cash out |
12/15/2021 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293863 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-02): NA for this seller.. |
11/02/2021 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293866 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance does not name lender as mortgagee | Mortgagee clause lists servicer | Reviewer Comment (2021-12-03): Per Client Servicer is ok for Mortgagee. |
12/03/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293866 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-02): NA for this seller.. |
11/02/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293866 | Credit | Missing Document | General | Missing Document | ACH was missing from file. | Reviewer Comment (2021-11-03): ACH not required |
11/03/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293870 | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | Subject property is used as a vacation rental. | Reviewer Comment (2022-02-01): Received, Clearing. Seller Comment (2022-02-01): Exception approved; Per DSCR guidelines- In lieu of a lease agreement, [redacted] will consider non-owner occupied properties rented out on a short-term basis through sites like [redacted] or [redacted]. [redacted]-[redacted] at [redacted]. |
02/01/2022 | 1 | A | WA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293870 | Credit | Missing Document | General | Missing Document | Missing Document: COVID-19 Attestation not provided | Reviewer Comment (2021-11-02): NA for this seller.. |
11/02/2021 | 1 | A | WA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293870 | Credit | Missing Document | General | Missing Document | Missing Document: Cancelled Check(s) not provided | Missing proof of receipt of [redacted] of rent as required per matrix. | Reviewer Comment (2021-11-15): Received clearing. Buyer Comment (2021-11-15): Bank Statements in loan Pages [redacted] in [redacted] file |
11/15/2021 | 1 | A | WA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293870 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance does not name lender as mortgagee | Servicer is listed as the mortgagee. | Reviewer Comment (2021-12-03): Per Client Servicer is ok for Mortgagee. |
12/03/2021 | 1 | A | WA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 437016619 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | total DTI of [redacted] exceeds Guideline total debt ratio of [redacted]. | Reviewer Comment (2022-04-05): Received updated income, clearing exception. Reviewer Comment (2022-04-05): . Reviewer Comment (2021-12-23): Exception provided. |
04/05/2022 | 1 | A | CA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016619 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Verification of Non QM Loan Designation was not provided due to total DTI discrepancy. | Reviewer Comment (2021-12-23): Loan is Non-QM. Seller Comment (2021-12-23): Agree - exception uploaded |
12/23/2021 | 1 | A | CA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016619 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted] significantly exceeds the guideline maximum of 50.00%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | DTI of [redacted] significantly exceeds the guideline maximum of [redacted]. | Reviewer Comment (2022-04-05): Received updated income, clearing exception. Seller Comment (2022-04-04): The deposits on this loans were accidently back out on this loan. We added the checks back because in the borrowers business , it was common to receive counter checks The counter checks should not have been backed out on the loan when it was originally underwritten as this was a common practice for the borrower and for his business to get counter checks. Reviewer Comment (2021-12-23): Regraded to EV2-B based on comp factors. Buyer Comment (2021-12-23): Agree - previously uploaded exception covers this |
04/05/2022 | 1 | A | CA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 437016619 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien | TRID Final Closing Disclosure [Redacted] on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) | The file is missing a copy of the seller's CD and there are no seller paid fees listed on the borrower's CD. | Reviewer Comment (2022-01-27): Received, Clearing. Seller Comment (2022-01-27): Disagree - settlement statement indicating seller credits uploaded |
01/27/2022 | 1 | A | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016619 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | General Ability To Repay not proven due to DTI above 50% guidelines. | Reviewer Comment (2022-04-05): Received updated income, clearing exception. Reviewer Comment (2022-04-05): . Reviewer Comment (2021-12-23): Cleared based on regrade of DTI exception based on comp factors. Buyer Comment (2021-12-23): Agree - previously uploaded exception covers this |
04/05/2022 | 1 | A | CA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 437016619 | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. | Lender to provide final title with a policy amount of [redacted] | 2 | B | CA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436293957 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | The property type differs between the valuation documents in file. Unable to verify the property type. Ineligible per guidelines. | The appraisal completed on [redacted] indicates the property is a PUD with [redacted]HOA dues monthly, The appraisal on[redacted] does not indicate PUD or any monthly HOA dues. The security instrument does not contain any PUD riders. | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Review: Please see attached corrective recorded deed with PUD rider that matches value |
02/15/2022 | 1 | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | C | A | Non QM | Non QM | No | ||||||||||||||
| 436293957 | Credit | Property - Appraisal | Appraisal Adjustments | Property - Appraisal | Excessive site value noted on appraisal without appraiser comments to justify | - | The excessive site value is typical for the area. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-12): Agree - updates to appraisal uploaded |
02/14/2022 | 1 | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | C | A | Non QM | Non QM | No | |||||||||||||
| 436293957 | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Valuation Error: AVM confidence score not provided. | - | The [redacted]does not list the confidence score. | Reviewer Comment (2022-02-17): Received, Clearing. |
02/17/2022 | 1 | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | C | A | Non QM | Non QM | No | |||||||||||||
| 436293957 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on[redacted]disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]. | The finance discrepancy is from Section H of the CD that shows Past Due Taxes that were entered as other. | Reviewer Comment (2022-01-12): Received, Clearing. Seller Comment (2022-01-12): Settlement Statement indicate [redacted] is penalty and supp taxes - disclosed as past due paid to collector as needed. *See attached final CD and settlement statement |
01/12/2022 | 1 | A | CA | Primary | Refinance - Rate/Term | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | A | C | A | C | A | C | A | Non QM | Non QM | Yes | ||||||||||||
| 436293957 | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | The borrower only has a 5 month history from the credit report, the borrower rented prior to the purchase, bank statements show [redacted] debits that is what the rent is stated at but there is no line item to verify for a [redacted] history. | Reviewer Comment (2022-02-17): Received, Clearing. Buyer Comment (2022-02-17): In reviewing file, [redacted] did not rent a property for [redacted]. He had no rental properties when this loan was funded |
02/17/2022 | 1 | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | C | A | Non QM | Non QM | No | ||||||||||||||
| 436293958 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Contact Information - Lender | TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on [redacted] did not disclose the required Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). | Final Closing Disclosure provided on [redacted] did not disclose the required Lender Contact NMLS ID. | Reviewer Comment (2022-01-12): Received, Clearing. Buyer Comment (2022-01-12): [redacted] contact is not NMLS licensed - covered under our company NMLS ID |
01/12/2022 | 1 | A | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293958 | Compliance | Compliance | Federal Compliance | TILA | TILA NMLSR - Originator Company NMLS information on documents does not match NMLS website | Truth in Lending Act (NMLSR [redacted]): Loan Originator Organization NMLS information on loan documents does not match NMLS. | The NMLS number for Guarantee Mortgage listed on the documents is not found in the Consumer Access database. The originator is currently authorized under [redacted], which does list Guarantee Mortgage under its other trade names. | Reviewer Comment (2022-01-12): Received, Clearing. Buyer Comment (2022-01-12): [redacted] Mortgage is licensed under [redacted] NMLS |
01/12/2022 | 1 | A | CA | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||
| 436293959 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The property is located in a FEMA disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after[redacted] declared end date. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NJ | Primary | Purchase | C | B | C | A | C | B | B | B | Non QM | Non QM | No | ||||||||||||||
| 436293959 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [redacted] Points and Fees Test. Points and Fees on subject loan of [redacted] is in excess of the investor allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of [redacted] (an overage of [redacted] or .[redacted]). | Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of [redacted] (an overage of [redacted] or [redacted]). | 2 | B | NJ | Primary | Purchase | C | B | C | A | C | B | B | B | Non QM | Non QM | Yes | |||||||||||||||
| 436293959 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after [redacted] contains a change in APR and was not received by borrower at least [redacted] business days prior to consummation | Reviewer Comment (2022-01-12): delivery receipt received Seller Comment (2022-01-12): APR change from Initial CD was viewed by the borrower on [redacted] - they signed it on [redacted] but we don't require redisclosures to be signed. No increase in APR of more than [redacted] when compared to Initial CD |
01/12/2022 | 1 | A | NJ | Primary | Purchase | TRID timing exception, no remediation available. | C | B | C | A | C | B | B | B | Non QM | Non QM | No | |||||||||||||
| 436293959 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. | Reviewer Comment (2021-11-12): Sufficient Cure Provided At Closing |
11/12/2021 | 1 | A | NJ | Primary | Purchase | Final CD evidences Cure | C | B | C | A | C | B | B | B | Non QM | Non QM | Yes | ||||||||||||
| 436293959 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Contact Information - Lender | TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on [redacted] did not disclose the required Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). | Final CD provided on [redacted] did not disclose the required Lender Contact NMLS ID. | Reviewer Comment (2022-01-12): Received, Clearing. Buyer Comment (2022-01-12): [redacted] Contact is not NMLS licensed, covered under our NMLS ID |
01/12/2022 | 1 | A | NJ | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | B | B | Non QM | Non QM | Yes | ||||||||||||
| 436293959 | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | - | The appraisal was not in the name of the lender. HPML/Safe Harbor requires correct lender to be identified. Provide a revised appraisal correcting the client. | 2 | B | NJ | Primary | Purchase | C | B | C | A | C | B | B | B | Non QM | Non QM | No | |||||||||||||||
| 436293959 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Re-Inspection Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2021-11-12): Sufficient Cure Provided At Closing |
11/12/2021 | 1 | A | NJ | Primary | Purchase | Final CD evidences Cure | C | B | C | A | C | B | B | B | Non QM | Non QM | Yes | ||||||||||||
| 436293961 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. | Reviewer Comment (2021-11-10): Sufficient Cure Provided At Closing |
11/10/2021 | 1 | A | FL | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293961 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Contact Information - Lender | TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on [redacted] did not disclose the required Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). | Final CD provided on [redacted] did not disclose the required Lender Contact NMLS ID. | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-14): Disagree - Final CD containing lender contact information attached |
01/18/2022 | 1 | A | FL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293962 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. | The final CD shows the loan as not having an escrow account, however the box on page 4 is check for "Will have a an escrow account" | Reviewer Comment (2022-01-12): pc cd Seller Comment (2022-01-12): PCCD and LOX |
01/12/2022 | 2 | B | CA | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293962 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. | The box on page 4 for "Will have an escrow account" was incorrectly checked off. | Reviewer Comment (2022-01-12): PC CD Buyer Comment (2022-01-12): needed docs uploaded to [redacted] |
01/12/2022 | 2 | B | CA | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293962 | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | We received B1, but missing B2'S 1003. | 2 | B | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436293962 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003 Error: Birth Date was not provided | - | Co-borrower 1003 is missing. | Reviewer Comment (2021-12-17): Received, Clearing. Buyer Comment (2021-12-17): Disagree - previously uploaded doc covers this |
12/17/2021 | 1 | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436293962 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003/Declarations are incomplete: D. 1. Have you or will you be applying for a mortgage loan on another property (not the property securing this loan) on or before closing this transaction that is not disclosed on this loan application? reflects neither Yes nor No. Unable to determine qualification without this information. | - | Co-borrower 1003 is missing. | Reviewer Comment (2021-12-17): Received, Clearing. Buyer Comment (2021-12-17): Disagree - previously uploaded doc covers this |
12/17/2021 | 1 | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436293962 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003/Declarations are incomplete: D. 2. Have you or will you be applying for any new credit (e.g., installment loan, credit card, etc.) on or before closing this loan that is not disclosed on this application? reflects neither Yes nor No. Unable to determine qualification without this information. | - | Co-borrower 1003 is missing. | Reviewer Comment (2021-12-17): Received, Clearing. Buyer Comment (2021-12-17): Disagree - previously uploaded doc covers this |
12/17/2021 | 1 | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436293962 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003/Declarations are incomplete: E. Will this property be subject to a lien that could take priority over the first mortgage lien, such as a clean energy lien paid through property taxes (e.g., the Property Assessed Clean Energy Program)? reflects neither Yes nor No. Unable to determine eligibility without this information. | - | Co-borrower 1003 is missing. | Reviewer Comment (2021-12-17): Received, Clearing. Buyer Comment (2021-12-17): Disagree - previously uploaded doc covers this |
12/17/2021 | 1 | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436293962 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003/Declarations are incomplete: F. Are you a co-signer or guarantor on any debt or loan that is not disclosed on this application? reflects neither Yes nor No. Unable to determine qualification without this information. | - | Co-borrower 1003 is missing. | Reviewer Comment (2021-12-17): Received, Clearing. Buyer Comment (2021-12-17): Disagree - previously uploaded doc covers this |
12/17/2021 | 1 | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436293962 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003/Declarations are incomplete: G. Are there any outstanding judgments against you? reflects neither Yes nor No. Unable to determine qualification without this information. | - | Co-borrower 1003 is missing. | Reviewer Comment (2021-12-17): Received, Clearing. Seller Comment (2021-12-17): Disagree - attached Final 1003 with all declaration questions answered. |
12/17/2021 | 1 | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436293962 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003/Declarations are incomplete: H. Are you currently delinquent or in default on a Federal debt? reflects neither Yes nor No. Unable to determine qualification without this information. | - | Co-borrower 1003 is missing. | Reviewer Comment (2021-12-17): Received, Clearing. Buyer Comment (2021-12-17): Disagree - previously uploaded doc covers this |
12/17/2021 | 1 | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436293962 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003/Declarations are incomplete: I. Are you a party to a lawsuit in which you potentially have any personal financial liability? reflects neither Yes nor No. Unable to determine qualification without this information. | - | Co-borrower 1003 is missing. | Reviewer Comment (2021-12-17): Received, Clearing. Buyer Comment (2021-12-17): Disagree - previously uploaded doc covers this |
12/17/2021 | 1 | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436293962 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Qualification Method not Matching ATR | Ability to Repay (Dodd-Frank 2014): The Qualification Method used by the lender does not match the ATR payment calculation methods under 1026.43(c)(5). | The qualifying method "Note Rate at fully amortized payment" does not match the ability to repay calculations. | 2 | B | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436293962 | Credit | Credit | Miscellaneous | Credit | Miscellaneous Credit (Non-Material): | Undisclosed address report within the last 24 months on the credit report: [redacted] | 2 | B | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436293962 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Contact Information - Lender | TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on [redacted] did not disclose the required Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). | Final CD provided on [redacted] did not disclose the required Lender Contact NMLS ID. | Reviewer Comment (2021-12-17): Received, Clearing. |
12/17/2021 | 1 | A | CA | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016620 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of 0.00 on Final Closing Disclosure provided on [Redacted] not accurate. | Final CD listed [redacted] for the amount of Non-Escrowed Property Costs over Year 1. | Reviewer Comment (2022-02-17): [redacted] day cure timeframe has past. Seller Comment (2022-02-17): Disagree - PCCD and LOX uploaded |
2 | B | CA | Primary | Refinance - Limited Cash-out GSE | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| 437016620 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of[redacted]exceeds tolerance of [redacted] plus 10% or [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | 10% tolerance was exceeded by [redacted]due to increase of recording fee. No valid COC provided, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2021-11-10): Sufficient Cure Provided At Closing |
11/10/2021 | 1 | A | CA | Primary | Refinance - Limited Cash-out GSE | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293963 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | The APR on subject loan of[redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR[redacted]+ [redacted], or[redacted]. | 2 | B | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436293963 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [redacted] Points and Fees Test. Points and Fees on subject loan of [redacted] is in excess of the investor allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of [redacted] (an overage of [redacted] or [redacted]). | The APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted] + [redacted], or [redacted]. | 2 | B | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 436293963 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Issue and Received Date > Closing Disclosure Issue and Received Date | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (The Revised Loan Estimate was received on or after the Closing Disclosure.) | The loan file contained an LE dated [redacted], after the date the Closing Disclosure was provided | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-14): DIsagree - Last [redacted] COC LE was issued and ICD was issued on[redacted]. LE and ICD attached |
01/18/2022 | 1 | A | FL | Primary | Purchase | No Defined Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 436293963 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Issue and Received Date > Closing Disclosure Issue and Received Date | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (The Revised Loan Estimate was received on or after the Closing Disclosure.) | The loan file contained an LE dated [redacted], after the date the Closing Disclosure was provided | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-14): DIsagree - last COC LE was issued [redacted] and ICD was issued [redacted]. LE and ICD attached |
01/18/2022 | 1 | A | FL | Primary | Purchase | No Defined Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 436293968 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance Error: Missing HO-6 policy, blanket hazard insurance policy provided does not contain unit interior coverage. | Walls in coverage was verified on the HOA blanket coverage and is not required. | Reviewer Comment (2022-01-07): exception cleared Buyer Comment (2022-01-07): HO6 not required. please clear |
01/07/2022 | 1 | A | CA | Primary | Refinance - Limited Cash-out GSE | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293968 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted]on Final Closing Disclosure provided on [redacted] not accurate. | The final CD shows non escrowed property costs of[redacted] and the HOA dues shown are the 1073 calculated yearly are [redacted]. | Reviewer Comment (2022-01-11): PC CD Seller Comment (2022-01-11): PCCD was provided with last comment. It was corrected - [redacted]=[redacted]. Attached again Reviewer Comment (2022-01-07): corrected CD showing correct non-escrowed property cost or corrected appraisal showing correct monthly HOA fee required. Amounts should balance. Seller Comment (2022-01-07): Appraisal indicated [redacted] Monthly, PCCD attached |
01/11/2022 | 2 | B | CA | Primary | Refinance - Limited Cash-out GSE | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293968 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Contact Information - Lender | TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on [redacted] did not disclose the required Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). | The lender contact NMLS was not provided on the final CD. | Reviewer Comment (2022-01-07): exception cleared Buyer Comment (2022-01-07): Our AEs aren't individually licensed - covered under our NMLS. CD is correct |
01/07/2022 | 1 | A | CA | Primary | Refinance - Limited Cash-out GSE | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293968 | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. | An HO6 policy is not required and only the blanket policy was provided. | Reviewer Comment (2021-12-20): provided Buyer Comment (2021-12-20): HOA blanket covers - this should not be a Grade 3 finding |
12/20/2021 | 1 | A | CA | Primary | Refinance - Limited Cash-out GSE | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016621 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | 2 | B | IL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 437016621 | Compliance | Compliance | State Compliance | State Defect | Illinois SB 1894 | IL Predatory Lending Database Program (SB 1894) - Certificate of Compliance or Exemption not attached to mortgage for recording. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): IL cert Reviewer Comment (2022-01-12): IL Predatory Lending Database Program Certificate of Compliance or Exemption is a state required compliance document. Seller Comment (2022-01-12): Per DocMagic, it's not a required disclosure |
02/14/2022 | 1 | A | IL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016621 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. | Reviewer Comment (2021-11-11): Sufficient Cure Provided At Closing |
11/11/2021 | 1 | A | IL | Primary | Purchase | Final CD evidences Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016621 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Verification of Non QM Loan Designation was not provided due to missing income documentation. | Reviewer Comment (2022-03-18): Received, Clearing. |
03/18/2022 | 1 | A | IL | Primary | Purchase | Lender to provide updated ATR/QM status | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016621 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO 25% Method | Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income (25% Method) using reasonably reliable third-party records. | General Ability To Repay not proven due to missing lease to document rental income. | Reviewer Comment (2022-03-18): Received, Clearing. Seller Comment (2022-03-18): Exception approved. Reviewer Comment (2022-03-14): Received lease agreement for 1st floor unit of rental in the amount of [redacted]. 1003 reflects monthly rental of [redacted]. Provide additional lease agreement if second floor is rented. Seller Comment (2022-03-14): Exception approved. Reviewer Comment (2022-03-08): Without this rental income the property DTI is over [redacted]. Buyer Comment (2022-03-08): There is no exception request, we're stating that we're treating the property as if it is not occupied Reviewer Comment (2022-02-14): This has to do with Ability to Repay and exception cannot be made. Seller Comment (2022-02-14): States General Ability To Repay not proven due to missing lease to document rental income. Borrower provided no lease, but - occ rate @ zero - hit with full pmt/escrows - 45% DTI-50% MAX ALLOWED: DTI conforming. Ability to repay evident. |
03/18/2022 | 1 | A | IL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 437016621 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | General Ability To Repay not proven due to missing lease to document rental income. | Reviewer Comment (2022-03-18): Received, Clearing. |
03/18/2022 | 1 | A | IL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 437016621 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Lender to provide a copy of the lease to support rentas received for Kentucky Ave investment property. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): See attached lease to clear audit |
02/14/2022 | 1 | A | IL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016621 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2022-03-25): Received, Clearing. |
03/25/2022 | 1 | A | IL | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| 437016621 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted] moderately exceeds the guideline maximum of [redacted]. (DTI Exception is eligible to be regraded with compensating factors.) | Reviewer Comment (2022-03-25): Received, Clearing. Seller Comment (2022-03-25): Subject Primary [redacted]. PITI [redacted]. Revolving/installment debt [redacted]. Borrower qualified with negative rental income [redacted] on [redacted] in DTI. Departing departing residence [redacted] with PITI [redacted] in DTI as no lease was provided to offset payment. - lease received with monthly rent [redacted] minus PITI [redacted] along with ATL Doc guides for DTI allowed[redacted] to cure findings. DTI now [redacted] |
03/25/2022 | 1 | A | IL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293969 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Appraisal provided electronically on [redacted], Appraisal report was signed and dated on [redacted]. | 2 | B | CA | Primary | Refinance - Rate/Term | D | D | A | A | C | B | D | D | Non QM | Non QM | No | |||||||||||||||
| 436293969 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. | The final CD disclosed the Amount of Total Property Costs over Year 1 as [redacted] on page 4; however the annual taxes[redacted] and homeowners insurance [redacted] and HOA dues [redacted] total are [redacted] per year. Final CD reflects Estimated Taxes, Insurance & Assessments of [redacted] monthly, correct amount is [redacted]. Provide a post-close CD correcting on page 4 and Estimated Taxes, Insurance & Assessments on page 1; and a copy of the letter of explanation letter sent to the borrower disclosing the changes made. | Reviewer Comment (2022-01-07): Received, Clearing. Seller Comment (2022-01-07): Appraisal indicates annual HOA [redacted]. File was accurately disclosed as such. Finding indicates annual HOA [redacted] - no evidence found to support this figure. *Attached Appraisal first few pages indicating annual HOA [redacted] and Final CD indicating such. |
01/07/2022 | 1 | A | CA | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure | D | D | A | A | C | B | D | D | Non QM | Non QM | Yes | ||||||||||||
| 436293969 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. AVM supports value. Vendor/FSD do not meet Fitch criteria.; Sec ID: 10 | Note Date: ___; Lien Position: ___ | The file is missing a copy of the secondary valuation required for securitization purposes. | 2 | D | CA | Primary | Refinance - Rate/Term | D | D | A | A | C | B | D | D | Non QM | Non QM | No | |||||||||||||||
| 437016622 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [Redacted] not accurate. | The 1004 shows the HOA dues as [redacted] and the final CD shows non escrowed property costs of [redacted] | Reviewer Comment (2022-02-11): Past the [redacted] day cure timeframe. Seller Comment (2022-02-10): Agree - attached is the Post Consummation CD correcting the Non Escrowed Property Costs over Year 1 to [redacted] to match the amount on the appraisal and the letter of explanation to the borrower(s) |
2 | B | IN | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| 436293975 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account Statement Missing | RESPA: Initial escrow account statement was not provided to the borrower. | The file is missing a copy of the initial escrow account disclosure. | 2 | B | CA | Primary | Refinance - Limited Cash-out GSE | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 436293975 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Escrowed Property Costs Year 1 - October 2018 Test | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. | The final CD disclosed the Amount of Escrowed Property Costs over Year 1 as [redacted] on page 4; however the Property Taxes [redacted], Special Taxes and Assessments [redacted], Insurance [redacted] and HOA [redacted] total [redacted] per year. Provide a post-close CD correcting the Escrow Account section and a copy of the letter of explanation letter sent to the borrower disclosing the changes made. | Reviewer Comment (2022-01-11): PC CD Seller Comment (2022-01-11): HOA fees removed, not associated with subject property. Property Taxes and HOI are accurate in Final CD. *See attached PCCD for HOA non-escrow total, HOI final invoice and Property Taxes documentation. |
01/11/2022 | 2 | B | CA | Primary | Refinance - Limited Cash-out GSE | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293975 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Estimated Escrow Payment Under Disclosed | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on[redacted] disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan. | The final CD disclosed the Amount of Escrowed Property Costs over Year 1 as [redacted] on page 4; however the Property Taxes [redacted], Special Taxes and Assessments [redacted], Insurance [redacted] total [redacted] per year. Final CD reflects Estimated Taxes, Insurance & Assessments of [redacted] monthly, correct amount is [redacted]. Provide a post-close CD correcting on page 4 and Estimated Taxes, Insurance & Assessments on page 1; and a copy of the letter of explanation letter sent to the borrower disclosing the changes made. | Reviewer Comment (2022-01-11): PC CD Buyer Comment (2022-01-11): rebuttal uploaded to [redacted] |
01/11/2022 | 2 | B | CA | Primary | Refinance - Limited Cash-out GSE | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293976 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Originator Compensation. Fee Amount of[redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Loan Originator Compensation was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. | Reviewer Comment (2021-11-12): Sufficient Cure Provided At Closing |
11/12/2021 | 1 | A | OR | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293976 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Tax Certificate Fee. Fee Amount of [redacted] exceeds tolerance of[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Title - Tax Certificate Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2021-11-12): Sufficient Cure Provided At Closing |
11/12/2021 | 1 | A | OR | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293976 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | The file is missing documentation to verify taxes and insurance or any additional financing for the property on [redacted]. | Reviewer Comment (2022-01-14): Received REO Documents. Associated and verified the amount. Exception Cleared. Seller Comment (2022-01-13): Disagree - REO doc was in file, uploaded again |
01/14/2022 | 1 | A | OR | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293976 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | The file is missing documentation to verify taxes and insurance or any additional financing for the property on [redacted]. | Reviewer Comment (2022-01-14): Received REO Documents. Associated and verified the amount. Exception Cleared. Seller Comment (2022-01-13): Disagree - REO doc was in file, uploaded again |
01/14/2022 | 1 | A | OR | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293976 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | The file is missing documentation to verify taxes and insurance or any additional financing for the property on [redacted]. | Reviewer Comment (2022-01-14): Received REO Documents. Associated and verified the amount. Exception Cleared. Seller Comment (2022-01-13): Disagree - REO doc was in file, uploaded again |
01/14/2022 | 1 | A | OR | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436293976 | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. | Lender to provide final title with a policy amount of [redacted]. | 2 | B | OR | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||||||
| 437016623 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The property is located in a FEMA disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after [redacted] declared end date. The appraisal in the file has an effective date of [redacted] and a report date of [redacted]. | Reviewer Comment (2022-02-28): Received, Clearing. Seller Comment (2022-02-28): Disagree - report from [redacted] which shows no damage |
02/28/2022 | 1 | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | B | B | Non QM | Non QM | No | ||||||||||||||
| 437016623 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of [redacted] is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total[redacted]on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of [redacted] (an overage of [redacted] or .[redacted]). | Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of [redacted] | 2 | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | B | B | Non QM | Non QM | Yes | |||||||||||||||
| 437016623 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - S-Corp Test | Ability-to-Repay (Dodd-Frank 2014): Unable to verify current [redacted] status due to most recent Tax Return end date is older than [redacted] before Closing Date, and one of these docs is required yet missing: Audited/Third Party P&L, CPA Letter, or other Third Party Verification. | The file is missing the signature and date on the [redacted] and does not contain the[redacted] or a filing extension for it. The third party verification of the business in the file is not dated as well, therefor third party validation timing cannot be tested. | Reviewer Comment (2022-02-11): Received, Clearing. Seller Comment (2022-02-11): Please find attached the CPA documentation that the finding indicated is not dated. It is dated [redacted] which is within [redacted] days of closing date [redacted]. |
02/11/2022 | 1 | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | B | B | Non QM | Non QM | No | |||||||||||||
| 437016623 | Compliance | Compliance | Federal Compliance | Missing Disclosure | Notice of Special Flood Hazard Disclosure Not Provided Timely | FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. | The initial Notice of Special Flood Hazard Disclosure in the file does not list a date provided and is not signed or dated by the borrower and cannot be tested. | 2 | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | B | B | Non QM | Non QM | No | |||||||||||||||
| 437016623 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Verification of Non QM Loan Designation was not provided due to missing income documentation. | Reviewer Comment (2022-02-11): Received, Clearing. |
02/11/2022 | 1 | A | FL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | A | C | B | B | B | Non QM | Non QM | Yes | ||||||||||||
| 437016623 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Ability to RePay was not providen due to missing income documentation. | Reviewer Comment (2022-02-11): Received, Clearing. |
02/11/2022 | 1 | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | B | B | Non QM | Non QM | No | |||||||||||||
| 437016623 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Contact Information - Lender | TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on [Redacted] did not disclose the required Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). | Final CD provided on [redacted] did not disclose the required Lender Contact NMLS ID. | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-18): Disagree - lender information accurate on final cd |
01/18/2022 | 1 | A | FL | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | B | B | Non QM | Non QM | Yes | ||||||||||||
| 437016623 | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | - | The appraisal was not in the name of the lender. HPML/Safe Harbor requires correct lender to be identified. Provide a revised appraisal correcting the client. | 2 | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | B | B | Non QM | Non QM | No | |||||||||||||||
| 436293981 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | 2 | B | TX | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436293981 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [redacted] exceeds tolerance of[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing. | Reviewer Comment (2021-11-15): Sufficient Cure Provided At Closing |
11/15/2021 | 1 | A | TX | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293982 | Credit | Property - Appraisal | Appraisal Adjustments | Property - Appraisal | Excessive site value noted on appraisal without appraiser comments to justify | - | Appraiser commented on site value is justified. | Reviewer Comment (2021-12-17): Received, Clearing. Seller Comment (2021-12-17): Disagree - CDA SUPPORTS VALUE there is a [redacted] variance and the appraiser does comment on Site Value extraction and adjustments to site size for comps |
12/17/2021 | 1 | A | GA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436293982 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [redacted] Points and Fees Test. Points and Fees on subject loan of [redacted] is in excess of the investor allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of [redacted] (an overage of[redacted] or .[redacted]). | 2 | B | GA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||||||||
| 436293985 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Contact Information - Lender | TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on [redacted] did not disclose the required Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). | Final CD provided on [redacted] did not disclose the required Lender Contact NMLS ID. | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-18): Disagree - final cd contains accurate lender info |
01/18/2022 | 1 | A | CA | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293986 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. | The final CD shows taxes and insurance are not in escrow on [redacted] states there will be an escrow account. | Reviewer Comment (2022-01-28): PC CD Seller Comment (2022-01-28): PCCD and LOX from [redacted] |
01/28/2022 | 2 | B | CA | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293986 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. | The final CD shows taxes and insurance are not in escrow on [redacted] states there will be an escrow account. | Reviewer Comment (2022-01-28): PC CD Buyer Comment (2022-01-28): PCCD and LOX were provided for another condition |
01/28/2022 | 2 | B | CA | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293990 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NJ | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 436293990 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Lender provided [redacted] cure at close. | Reviewer Comment (2021-11-12): Sufficient Cure Provided At Closing |
11/12/2021 | 1 | A | NJ | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016625 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Reviewer Comment (2022-02-22): Received, Clearing. Seller Comment (2022-02-18): This doc type is [redacted] months of bank statements. The borrower used their own personal funds for closing separate from the business accounts used for income qualification. Attached find evidence of borrower's active business license and Articles of Incorporation Reviewer Comment (2022-01-14): We require CPA Letter for Verification of Self Employment issued by CPA who affirms that he/she has prepared or reviewed the applicant's tax returns and that the applicant is self-employed. Exception remains. Seller Comment (2022-01-13): Disagree - operating agreement uploaded |
02/22/2022 | 1 | A | CA | Investment | Purchase | D | A | D | A | B | A | A | A | N/A | N/A | No | ||||||||||||||
| 437016625 | Compliance | Compliance | State Compliance | State Defect | California Prepayment Penalty | California Prepayment Penalty: Maximum prepay allowed is 6 months interest calculated on 80% of the original balance [redacted]. Loan contracts for maximum calculated prepay of [redacted], which exceeds max allowable. Prepay may be impermissible depending on the lender's license type. Prepay language states prepay will not exceed maximum permitted by applicable law. | Reviewer Comment (2022-01-31): Clearing. Buyer Comment (2022-01-28): Exception disapproved; This findings are invalid. This is file is an investment purchase on the IO Non-Agency Alternative Income - [redacted] Prepayment Penalty. The program allows for the borrower to use bank statements for income. The file has at least [redacted] months of bank statements that have been used for income. |
01/31/2022 | 1 | A | CA | Investment | Purchase | D | A | D | A | B | A | A | A | N/A | N/A | No | ||||||||||||||
| 437016625 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | The file does not contain any mortgage statement or verification of taxes and insurance for the property located on XXXXXXXX. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): Attached are the mortgage statement for property at [redacted]. |
02/14/2022 | 1 | A | CA | Investment | Purchase | D | A | D | A | B | A | A | A | N/A | N/A | No | ||||||||||||||
| 437016625 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | Reviewer Comment (2022-03-23): Received, Clearing. Seller Comment (2022-03-23): XXXXXXXXX XXXXXXX XXX is a multi-member LLC, Attached is the signed Unanimous Consent Form that was approved plus the communication accepted to approve the vesting |
03/23/2022 | 1 | A | CA | Investment | Purchase | D | A | D | A | B | A | A | A | N/A | N/A | No | |||||||||||||||
| 436293994 | Compliance | Compliance | State Compliance | State Defect | California Prepayment Penalty | California Prepayment Penalty: Maximum prepay allowed is 6 months interest calculated on 80% of the original balance [redacted]. Loan contracts for maximum calculated prepay of[redacted], which exceeds max allowable. Prepay may be impermissible depending on the lender's license type. Prepay language states prepay will not exceed maximum permitted by applicable law. | The prepayment penalty exceeds the state allowable pre-payment penalty amount. | 2 | B | CA | Investment | Refinance - Rate/Term | B | B | A | A | B | B | A | A | N/A | N/A | No | |||||||||||||||
| 436293997 | Compliance | Compliance | State Compliance | State Defect | California Prepayment Penalty | California Prepayment Penalty: Maximum prepay allowed is 6 months interest calculated on [redacted]of the original balance [redacted]. Loan contracts for maximum calculated prepay of [redacted], which exceeds max allowable. Prepay may be impermissible depending on the lender's license type. Prepay language states prepay will not exceed maximum permitted by applicable law. | The CA prepayment penalty thresholds have been exceeding based on the prepayment rider. | 2 | B | CA | Investment | Refinance - Rate/Term | B | B | A | A | B | B | A | A | N/A | N/A | No | |||||||||||||||
| 436293998 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | The loan discount fee increased on both CDs provided and a change in circumstance/lender credit was not provided. | Reviewer Comment (2022-01-12): Received, Clearing. Seller Comment (2022-01-12): There was an exception approved late in the process - borrower chose to keep the same rate and pay the additional discount. COC was provided |
01/12/2022 | 1 | A | CA | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||
| 436293998 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | The property type differs between the valuation documents in file. Unable to verify the property type. Ineligible per guidelines. | Loan file contained 3 appraisals. The appraisal used reflected the subject property as signle family with accessory unit and the two othe appraisals reflect 2 family | Reviewer Comment (2021-12-27): Newest appraisal reflects 2 units Seller Comment (2021-12-27): Disagree - The appraisal used reflected the subject property as single family with accessory unit and the two other appraisals reflect 2 family, appraisal used to qualify shows as 2 unit property |
12/27/2021 | 1 | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | C | A | Non QM | Non QM | No | ||||||||||||||
| 436293998 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Loan file does not contain proof of the annual taxes for the borrower's rental property | Reviewer Comment (2022-01-19): Received, Clearing. Seller Comment (2022-01-19): Needed docs were in file |
01/19/2022 | 1 | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | C | A | Non QM | Non QM | No | |||||||||||||
| 436293998 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Maximum Loan Amount discrepancy. | Note loan amount of ___ is greater than Guideline maximum loan amount of ___. | The 1025s provided state the property is a 2 unit property according to the guidelines the max loan limit for a [redacted]. | The qualifying DTI on the loan is at least 10% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has worked in the same position for more than 3 years. Borrower has verified disposable income of at least $2500.00. Borrower has been employed in the same industry for more than 5 years. Borrower's monthly mortgage payment has decreased by at least 20%. |
investment property | Owner Owner Owner Owner Owner Owner,Originator Pre-Close,Originator,Aggregator |
Reviewer Comment (2021-12-27): lender exception provided Seller Comment (2021-12-27): Agree - exception uploaded |
12/27/2021 | 2 | B | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | C | A | Non QM | Non QM | No | ||||||||||
| 436293998 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on[redacted] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]. | The finance charge variance is valid, the initial CD shows Past Due taxes in section H, these were removed on the final CD and this is the cause of the variance. | Reviewer Comment (2022-01-12): F CD Seller Comment (2022-01-12): Due to Closing Date moved up to [redacted] and Disbursement Date of [redacted], Section F - Prepaids (interest and property taxes) and Section G - Initial Escrow Payment with Aggregate Adjustment were adjusted to reflect which is the cause of the variance; see attached ICD and Final CD. |
01/12/2022 | 2 | B | CA | Primary | Refinance - Rate/Term | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | C | B | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||
| 436293999 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Borrower did not receive a COC | Reviewer Comment (2021-11-11): Sufficient Cure Provided At Closing |
11/11/2021 | 1 | A | CA | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293999 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien | TRID Final Closing Disclosure [redacted] on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) | Seller's closing disclosure is missing from the file and there are no seller's fees on the buyer's CD. | Reviewer Comment (2022-02-17): Received, Clearing. Seller Comment (2022-02-17): Disagree - uploaded seller paid stmt Reviewer Comment (2022-02-03): Sellers CD is needed for this exception. Buyer Comment (2022-02-03): Disagree - Title Company provides separately to seller all seller paid items. Not Required Wholesale |
02/17/2022 | 1 | A | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293999 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | 2 | B | CA | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436294003 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | 2 | B | NV | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436294003 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. | Closing disclosure was not provided at least 3 days prior to closing | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Disagree - attached is the Initial CD dated [redacted] and signed by the Borrower [redacted]. The loan closed on [redacted], 3 days after the initial CD was provided to and signed by the Borrower. Reviewer Comment (2022-02-11): The rebuttal provided doesn't have anything to do with receiving losing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. Seller Comment (2022-02-11): Disagree - attached is the Client's rebuttal from the SVP of Compliance. |
02/15/2022 | 1 | A | NV | Primary | Purchase | No Defined Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 436294003 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and [redacted](c)(5) of [redacted] moderately exceeds the guideline maximum of[redacted]. (DTI Exception is eligible to be regraded with compensating factors.) | DTI of [redacted] exceeds Guideline total debt ratio of[redacted]. | Reviewer Comment (2021-12-23): Received, Clearing. Buyer Comment (2021-12-23): DTI within guides |
12/23/2021 | 1 | A | NV | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294003 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Verification of Non QM Loan Designation was not provided. | Reviewer Comment (2021-12-23): Received, Clearing. Buyer Comment (2021-12-23): DTI met guidelines |
12/23/2021 | 1 | A | NV | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294003 | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. | Lender to provide final title with a policy amount of [redacted]. | 2 | B | NV | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436294003 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | DTI of [redacted] exceeds Guideline total debt ratio of [redacted]. | Reviewer Comment (2021-12-22): Received, Clearing. Seller Comment (2021-12-22): Disagree - DTI still within guidelines |
12/22/2021 | 1 | A | NV | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294003 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Ability to RePay not proven. | Reviewer Comment (2021-12-23): Received, Clearing. Buyer Comment (2021-12-23): DTI within guides |
12/23/2021 | 1 | A | NV | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436293988 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | Copy of flood certificate is missing/not provided | Reviewer Comment (2022-01-25): Received, Clearing. Seller Comment (2022-01-25): Exception approved |
01/25/2022 | 1 | A | NC | Primary | Purchase | D | B | C | A | C | B | D | A | Non QM | Non QM | No | ||||||||||||||
| 436293988 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee. Fee Amount of [redacted] exceeds tolerance of[redacted]. Insufficient or no cure was provided to the borrower. | Title - Settlement / Closing / Escrow Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2022-01-31): Received, Clearing. Seller Comment (2022-01-31): This is a no tolerance fee - borrower chose his own Attorney |
01/31/2022 | 1 | A | NC | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | C | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||||||
| 436293988 | Compliance | Compliance | State Compliance | State HPML | North Carolina Rate Spread Threshold Test Compliant | North Carolina Rate Spread Home Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted] + [redacted], or [redacted]. Compliant Rate Spread Home Loan. | 2 | B | NC | Primary | Purchase | Within 90 days of closing and prior to institution of any action against the lender, (1) notify the borrower, and (2) make appropriate restitution at the option of the borrower to either (a) make the loan comply with prohibited acts and practices or (b) change the terms of the loan in a manner beneficial to the borrower so the loan is no longer rate spread. (Narrow Defense - Requires CHD Approval) Within 120 days of discovery , which compliance failure was not intentional and resulted from a bona fide error, creditor must: (1) provide Lender Attestation to AMC attesting the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how rate spread home loan was made despite procredures to prevent); (2) notify the borrower, and make appropriate restitution at the option of the borrower to either (a) make the loan comply with prohibited acts and practices or (b) change the terms of the loan in a manner beneficial to the borrower so the loan is no longer rate spread. |
D | B | C | A | C | B | D | A | Non QM | Non QM | Yes | |||||||||||||||
| 436293988 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. AVM provided is invalid. The FSD is greater than 0.2.; Sec ID: 12 | Reviewer Comment (2021-12-17): Received, Clearing. Seller Comment (2021-12-17): CDA |
12/17/2021 | 1 | A | NC | Primary | Purchase | D | B | C | A | C | B | D | A | Non QM | Non QM | No | |||||||||||||||
| 436294004 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien | TRID Final Closing Disclosure [redacted] on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) | The final CD does not list any seller paid fees and a seller CD was not provided. | Reviewer Comment (2022-02-17): Received, Clearing. Seller Comment (2022-02-17): Disagree - seller paid stmt uploaded Reviewer Comment (2022-02-03): Sellers CD is needed for this exception. Buyer Comment (2022-02-03): Disagree - Title Company provides separately to seller all seller paid items. Not Required Wholesale |
02/17/2022 | 1 | A | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294004 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of [redacted] exceeds tolerance of[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | The lender provided a[redacted] cure for the increase above legal limit. | Reviewer Comment (2021-11-19): Sufficient Cure Provided At Closing |
11/19/2021 | 1 | A | CA | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294005 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294005 | Credit | Insurance | Insurance Documentation | Insurance | Missing Document: Mortgage Insurance Certificate (MIC) not provided | Reviewer Comment (2021-12-20): Received. Clearing. Buyer Comment (2021-12-20): Loan wasn't originated with MI |
12/20/2021 | 1 | A | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294005 | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. | Reviewer Comment (2021-12-20): Received. Clearing. Buyer Comment (2021-12-20): Clause is acceptable |
12/20/2021 | 1 | A | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294005 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Document is missing. | Reviewer Comment (2022-01-14): CPA Letter provided Seller Comment (2022-01-13): CPA Letter |
01/14/2022 | 1 | A | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294005 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [redacted] Points and Fees Test. Points and Fees on subject loan of [redacted] is in excess of the investor allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of [redacted] (an overage of[redacted] or[redacted]). | 2 | B | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||||
| 436294005 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Check Loan Designation Match - ATR | Reviewer Comment (2022-01-14): CPA Letter provided Buyer Comment (2022-01-13): needed docs uploaded to [redacted] |
01/14/2022 | 1 | A | NY | Primary | Purchase | Lender to provide updated ATR/QM status | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294005 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Bank Statements | Ability-to-Repay (Dodd-Frank 2014): Unable to verify current employment status using reasonably reliable third-party records. | General Ability To Repay Provision Employment - Bank Statements | Reviewer Comment (2022-01-14): CPA Letter provided Buyer Comment (2022-01-13): needed docs uploaded to [redacted] |
01/14/2022 | 1 | A | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294005 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | NonQM ATR | Reviewer Comment (2022-01-14): CPA Letter provided |
01/14/2022 | 1 | A | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294005 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | Reviewer Comment (2022-02-10): [redacted] received attestation comment from lender that survey was not required by lender. Survey fee was paid to borrower selected provider. Reviewer Comment (2022-01-13): [redacted] is unable to determine from the file whether the lender or title company requried the survey. If the lender required the survey fee then a cure is due to the borrower. If the borrower-chosen service provider further outsourced the Survey Fee, an attestation on exception from the seller is needed. The attestation/letter should confirm that the service was outsourced by the borrower-chosen provider. This attestation would allow us to test the fee under the no tolerance category with the understanding that the new fee added on the CD was imposed by a provider through which the borrower indirectly selected. Seller Comment (2022-01-12): Borrower shopped Title (see final CD). Survey was not required by us, elected by the borrower |
02/10/2022 | 1 | A | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294006 | Credit | Title | General | Title | Final Title Policy Coverage is less than Original Loan Amount. | Loan file did not contain the final title policy | Reviewer Comment (2022-01-05): Received, Clearing. Seller Comment (2022-01-05): Final Title |
01/05/2022 | 1 | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294006 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Loan file did not contain the final title policy | Reviewer Comment (2022-01-05): Received, Clearing. |
01/05/2022 | 1 | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294006 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on[redacted]disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated[redacted]). | Section H of the [redacted] CD contains a fee titled Other (Optional) and this is the cause of the [redacted] finance charge variance. | Reviewer Comment (2022-02-10): Received, Clearing. Seller Comment (2022-02-10): Invoice for the [redacted] fee, HOI Certificate Reviewer Comment (2022-01-13): Finance charge disclosed is [redacted] under calculated charge from [redacted] fees. Pease provide post close CD with corrected finance charge. Seller Comment (2022-01-12): Due to Closing Date moved back, Section F - Prepaids (interest and property taxes) were adjusted to reflect title revision which is the cause of the variance; see attached ICD and Final CD. |
02/10/2022 | 1 | A | CA | Primary | Refinance - Rate/Term | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294007 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of[redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Loan Discount Points Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2022-01-13): [redacted] Received valid COC dated [redacted] therefore no cure required. Seller Comment (2022-01-12): [redacted] COC CD was issued to reflect discount points charge added; see attached CDs |
01/13/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294007 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Originator Compensation. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Loan Originator Compensation Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2022-01-13): [redacted] Received COC dated [redacted] also rate lock present in the file suffice exception. Seller Comment (2022-01-12): Per borrower request, multiple revisions were made in the process including loan program changed and extension cost; finally relocked in lower rate at [redacted] with premium pricing (later removed for lock extension cost of [redacted] added); see attached COC CDs |
01/13/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294012 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. (Final/[redacted]) | Reviewer Comment (2022-01-18): PC CD Seller Comment (2022-01-18): Disagree - uploaded PCCD and LOX |
01/18/2022 | 2 | B | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294012 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. (Final/[redacted]) | Reviewer Comment (2022-01-28): PC CD Buyer Comment (2022-01-28): PCCD and LOX were provided for the other condition - this should clear also |
01/28/2022 | 2 | B | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294092 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Lender to provide third party verification of existence of Live A Lot Incorporated. | Reviewer Comment (2021-12-27): Received, Clearing. Seller Comment (2021-12-27): Disagree - processor's cert uploaded |
12/27/2021 | 1 | A | NJ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294092 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations not provided to applicant within [redacted] business days of application. | Homeownership Counseling Organizations was provided on [redacted]. | 2 | B | NJ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294092 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Lender to provide third party verification of existence of Live A Lot Incorporated. | Reviewer Comment (2021-12-27): Received, Clearing. |
12/27/2021 | 1 | A | NJ | Primary | Purchase | Lender to provide updated ATR/QM status | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294092 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Contact Information - Lender | TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on [redacted] did not disclose the required Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). | Lender to provide copy of CD to borrower with contact info for lender. | Reviewer Comment (2021-12-27): Received, Clearing. |
12/27/2021 | 1 | A | NJ | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294092 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Lender to provide third party verification of existence of Live A Lot Incorporated. | Reviewer Comment (2021-12-27): Received, Clearing. |
12/27/2021 | 1 | A | NJ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294092 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Bank Statements | Ability-to-Repay (Dodd-Frank 2014): Unable to verify current employment status using reasonably reliable third-party records. | Third Party Verification of employment is missing on file. | Reviewer Comment (2021-12-27): Received, Clearing. |
12/27/2021 | 1 | A | NJ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294092 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Lender to provide post disaster inspection for subject. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NJ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294093 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [redacted] Points and Fees Test. Points and Fees on subject loan of [redacted] is in excess of the investor allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of [redacted] (an overage of [redacted] or .[redacted]). | 2 | B | PA | Second Home | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||||
| 436294093 | Credit | Insurance | Insurance Analysis | Insurance | Hazard Insurance Policy expires within 90 days of the Note Date. | Hazard Insurance Policy Expiration Date ___, Note Date ___ | 2 | B | PA | Second Home | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436294093 | Credit | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Status of property as second home is in question due to distance from primary residence. | - | Reviewer Comment (2021-12-22): Received, Clearing. Seller Comment (2021-12-22): Disagree - SUBJECT PROPERTY IS OVER [redacted] FROM PRIMARY RESIDENCE AND IS DEEMED ACCEPTABLE |
12/22/2021 | 1 | A | PA | Second Home | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294093 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Missing copy of insurance verification and tax verification | Reviewer Comment (2022-02-17): Received, Clearing. Seller Comment (2022-02-17): Attached is the HOA statement for [redacted] and verification it is a COOP. By definition of a COOP the HOA fees include taxes and HOI |
02/17/2022 | 1 | A | PA | Second Home | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294093 | Compliance | Compliance | Federal Compliance | TRID | TRID Appraisal Disclosure - ECOA Timing | ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. | Received date is the date from the E sign Consent agreement, which is [redacted] | 2 | B | PA | Second Home | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 436294093 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Loan Estimate Timing | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within [redacted] business days of application. | Received date is the date from the E sign Consent agreement, which is [redacted] | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-14): Disagree - Action Log from DocMagic |
01/18/2022 | 1 | A | PA | Second Home | Refinance - Cash-out - Other | No Defined Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 436294093 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Miscellaneous Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Credit in the amount of [redacted] was given to borrower at closing | Reviewer Comment (2021-11-23): Sufficient Cure Provided At Closing |
11/23/2021 | 1 | A | PA | Second Home | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294093 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee. Fee Amount of [redacted] exceeds tolerance of[redacted] Sufficient or excess cure was provided to the borrower at Closing. | Credit in the amount of [redacted] was given to borrower at closing | Reviewer Comment (2021-11-23): Sufficient Cure Provided At Closing |
11/23/2021 | 1 | A | PA | Second Home | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294093 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Tax Certificate Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Credit in the amount of [redacted] was given to borrower at closing | Reviewer Comment (2021-11-23): Sufficient Cure Provided At Closing |
11/23/2021 | 1 | A | PA | Second Home | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294093 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Credit in the amount of [redacted] was given to borrower at closing | Reviewer Comment (2021-11-23): Sufficient Cure Provided At Closing |
11/23/2021 | 1 | A | PA | Second Home | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294093 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Insurance Binder Fee. Fee Amount of[redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Credit in the amount of [redacted] was given to borrower at closing | Reviewer Comment (2021-11-23): Sufficient Cure Provided At Closing |
11/23/2021 | 1 | A | PA | Second Home | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294093 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations not provided to applicant within [redacted] business days of application. | not provided to applicant within three (3) business days of application. | 2 | B | PA | Second Home | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294093 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Contact Information - Broker | TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on [redacted] did not disclose the required Broker Contact Information (Broker Name, Broker NMLS ID, Contact Name, Contact NMLS ID). | Final Closing Disclosure provided on [redacted] did not disclose the required Broker Contact Information (Broker Name, Broker NMLS ID, Contact Name, Contact NMLS ID). (Final/[redacted]) | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-14): Disagree - Final CD has all contact info |
01/18/2022 | 1 | A | PA | Second Home | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293964 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-12): Disagree - Texas changed from a certificate of good standing to a certificate of account status which is attached |
02/14/2022 | 1 | A | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | No | |||||||||||||||||||
| 436293964 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of ___ does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) ___. | [redacted], per documentation. Does not meet required guidelines of .75. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. | Owner | Reviewer Comment (2021-12-23): Exception provided. Seller Comment (2021-12-23): exception approved |
12/23/2021 | 2 | B | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | No | |||||||||||||||
| 436293965 | Credit | Credit | Credit Eligibility | Credit | Borrower has | - ___ open Tradelines which is less than the minimum required by guidelines. | The Borrower has 2 open and active Tradelines reporting for over 24 mo each. FQC to clear | Reviewer Comment (2021-12-20): Received. Clearing. Buyer Comment (2021-12-20): This finding should be downgraded per the condition |
12/20/2021 | 1 | A | NY | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||
| 436293965 | Credit | Credit | Credit Calculation / Analysis | Credit | Missing Document: Alternative Credit Documentation not provided | There was no evidence of Alternate Credit Documentation for the Borrower. FQC to clear NA | Reviewer Comment (2021-12-20): Received. Clearing. Buyer Comment (2021-12-20): this finding should be downgraded per the condition |
12/20/2021 | 1 | A | NY | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293974 | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. | Reviewer Comment (2021-12-20): Received. Clearing. Buyer Comment (2021-12-20): given age of loan we'll accept as is |
12/20/2021 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293977 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Spousal Consent Form not provided | FQC to review. Interspousal deed [redacted], in lieu? | Reviewer Comment (2022-02-01): No required Reviewer Comment (2022-02-01): Reopened to clear Reviewer Comment (2021-11-24): NA |
02/01/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | No | ||||||||||||||||||
| 436293977 | Credit | Insurance | Insurance Documentation | Insurance | Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. | Rent Loss Coverage not indicated on Hazard policy. FQC to clear, leases in file, no rent loss required. | Reviewer Comment (2022-01-12): Received, Clearing. Seller Comment (2022-01-12): Disagree - Cash out refi we only require rent loss on purchases and/or vacant properties |
01/12/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | No | ||||||||||||||||||
| 436293977 | Credit | Missing Document | General | Missing Document | ACH was missing from file. | No ACH provided | Reviewer Comment (2022-02-01): Not required Reviewer Comment (2022-02-01): Reopened to clear Reviewer Comment (2021-11-22): NA |
02/01/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | No | ||||||||||||||||||
| 436293977 | Property | Valuation | Valuation Issue | Valuation | The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal | Appraiser completed their report on [redacted] - but effective date does show [redacted] | The representative FICO score exceeds the guideline minimum by at least 40 points. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
Owner Owner Owner |
Reviewer Comment (2022-02-01): Exception Provided. Seller Comment (2021-12-27): Agree - exception uploaded |
02/01/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | No | ||||||||||||||||
| 436293979 | Credit | Loan Package Documentation | Closing / Title | Collateral | Security Instrument is not signed by borrower(s). | Reviewer Comment (2021-12-08): Received, Clearing. Seller Comment (2021-12-08): SECI |
12/08/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293979 | Credit | Missing Document | General | Missing Document | Missing Document: Bank Statements - Personal not provided | The closing disclosure shows a gift of[redacted] with a wire confirmation showing the receipt of those funds, however, a bank statement showing the source of those funds has not been provided. | Reviewer Comment (2022-01-26): Received, Clearing. Seller Comment (2022-01-26): Exception approved |
01/26/2022 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293971 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Assets are in the name of XXXXXXX XXXXXXX, XXX. Please provide the Operating Agreement for this entity to determine Co-Borrower's percentage of ownership in this business. Cash to close and reserves are subject to change. NOTE: CPA LOE [redacted], Letter does not state % of ownership for Borrower/Co-Borrower |
Reviewer Comment (2021-12-22): Received, Clearing. Seller Comment (2021-12-22): LLC docs to support sole member |
12/22/2021 | 1 | A | NJ | Investment | Refinance - Rate/Term | C | B | C | B | A | A | No | ||||||||||||||||||
| 436293971 | Credit | Insurance | Insurance Analysis | Insurance | Hazard Insurance Policy expires within 90 days of the Note Date. | Hazard Insurance Policy Expiration Date ___, Note Date ___ | The hazard insurance policy must be effective for at least 60 days after the date of funding | 2 | B | NJ | Investment | Refinance - Rate/Term | C | B | C | B | A | A | No | |||||||||||||||||||
| 436293972 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Assets are in the name of [redacted] Please provide a copy of the operating agreement for this entity to determine Co-Borrower's percentage of ownership. Cash to close and reserves are subject to change. Note: [redacted]. Listed the entity as[redacted]and does not state Co Borrowers percentage of ownership |
Reviewer Comment (2022-01-20): Received. Clearing. Seller Comment (2022-01-20): Exception approved |
01/20/2022 | 1 | A | NJ | Investment | Refinance - Rate/Term | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293980 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Each financed property in addition to the subject property will increase the applicable reserve requirement by two (2) months of PITIA on the subject property, | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. |
Owner Owner |
Reviewer Comment (2021-12-22): Exception Provided. Seller Comment (2021-12-22): Agree - exception uploaded |
12/22/2021 | 2 | B | NJ | Investment | Purchase | C | B | C | B | A | A | No | |||||||||||||||
| 436293983 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NJ | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293989 | Compliance | Compliance | State Compliance | State Late Charge | Note Error: Note late charge percentage exceeds maximum per state | The Note reflects a late pay of [redacted]; however, the maximum for the state of[redacted] is 2%. | 2 | B | NY | Investment | Purchase | A | A | A | A | A | A | No | ||||||||||||||||||||
| 436293992 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Reviewer Comment (2022-01-05): Received, Clearing. Seller Comment (2022-01-05): Alert cleared and re-run - attached |
01/05/2022 | 1 | A | WA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||||
| 436293992 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Loan Transmittal 1008 - [redacted] indicates there was a Lender approved exception for Reserve requirement not being met, | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. Borrower has owned the subject property for at least 5 years. |
Owner Owner Owner |
Reviewer Comment (2021-12-20): Exception provided. Buyer Comment (2021-12-20): exception approved PTF, should have been a grade 2 finding |
12/20/2021 | 2 | B | WA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||
| 436293992 | Credit | Title | General | Title | Final Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2022-01-06): Received, Clearing. Seller Comment (2022-01-06): Final TPOL |
01/06/2022 | 1 | A | WA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||||
| 436293992 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2022-01-06): Received, Clearing. |
01/06/2022 | 1 | A | WA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||||
| 436293992 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2022-01-06): Received, Clearing. |
01/06/2022 | 1 | A | WA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||||
| 436293992 | Credit | Fix and Flip | General | Fix and Flip | Insufficient funds for Reserves. | Guidelines require ___ of reserves, and verified reserves are ___. | Lender approved exception for reserve requirement not being met. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. Borrower has owned the subject property for at least 5 years. |
Owner Owner Owner |
Reviewer Comment (2021-12-20): Exception provided. Buyer Comment (2021-12-20): exception approved PTF, should have been a grade 2 finding |
12/20/2021 | 2 | B | WA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||
| 436293993 | Credit | Guideline | Guideline Issue | Guideline | The subject property is located in a state in which the Lender is not extending Credit. | Reviewer Comment (2022-01-19): Received, Clearing. Buyer Comment (2022-01-19): DSCR file, permitted to lend in MT by LO and [redacted] |
01/19/2022 | 1 | A | MT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293996 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Coverage is insufficient by [redacted] lender to provide replacement cost estimator or other documentation of sufficient coverage. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Borrower has owned the subject property for at least 5 years. |
Owner Owner |
Reviewer Comment (2021-12-22): Exception provided. Seller Comment (2021-12-22): exception approved |
12/22/2021 | 2 | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | ||||||||||||||||
| 436293996 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Borrower credit score is below guideline for loan type.. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Borrower has owned the subject property for at least 5 years. |
Owner Owner |
Reviewer Comment (2021-12-22): Exception provided. Seller Comment (2021-12-22): exception approved |
12/22/2021 | 2 | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||
| 436294001 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Reviewer Comment (2021-12-16): Received, Clearing. Seller Comment (2021-12-16): CPL |
12/16/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294002 | Credit | Credit | Credit Eligibility | Credit | Borrower has | - ___ open Tradelines which is less than the minimum required by guidelines. | Reviewer Comment (2021-12-22): Received, Clearing. Seller Comment (2021-12-22): Guidelines in effect on application dated [redacted] allow for option of [redacted] tradelines including one mortgage with at least [redacted] years of credit history. See guidelines attached. Borrower's credit report meets this standard. |
12/22/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294002 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | A gift cannot be provided by a person with any affiliation with the builder, the developer, the real estate agent or any other interested party to the transaction. Note: Donor (interested party) joined in and signed the Security Agreement (along with his/her spouse) and was added to title per the deed [redacted]. Also per Donors bank stmt [redacted] he paid for the home inspection and septic inspection. (seller ended up giving a $3K septic concession). Appears to be a straw buyer. No Lender exception in file. |
Reviewer Comment (2021-12-23): Received, Clearing. Seller Comment (2021-12-23): Gift Donor is [redacted] - not the seller |
12/23/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294002 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Evidence of receipt of gift funds not located in file. Per guidelines, When the funds are not transferred prior to settlement, the lender must document that the donor gave the closing agent the gift funds in the form of a certified check, a cashier's check or wire transfer. |
Reviewer Comment (2021-12-22): Received, Clearing. Seller Comment (2021-12-22): proof of transfer |
12/22/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294010 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Missing documentation to support EIN number for the business. | Reviewer Comment (2021-12-22): Received, Clearing. Buyer Comment (2021-12-22): Disagree - not a valid finding, EIN Number is not needed. |
12/22/2021 | 1 | A | NJ | Investment | Refinance - Rate/Term | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294094 | Credit | Guideline | Guideline Issue | Guideline | Experience level does not meet the guideline requirements for an experienced investor. | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. | Owner | Reviewer Comment (2021-12-23): Exception provided. Seller Comment (2021-12-23): Agree, exception uploaded |
12/23/2021 | 2 | B | FL | Investment | Purchase | C | B | C | B | A | A | No | |||||||||||||||||
| 436294009 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. | - | Lender to provide completion cert for subject. | Reviewer Comment (2021-12-22): Received, Clearing. Seller Comment (2021-12-22): Final inspection |
12/22/2021 | 1 | A | PA | Primary | Purchase | C | B | A | A | C | B | C | A | Non QM | Non QM | No | |||||||||||||
| 436294009 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | Lender needs to provide completion cert for appraisal to clear this. | 2 | B | PA | Primary | Purchase | C | B | A | A | C | B | C | A | Non QM | Non QM | No | |||||||||||||||
| 436294009 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [redacted] Points and Fees Test. Points and Fees on subject loan of[redacted] is in excess of the investor allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of [redacted] (an overage of [redacted] or[redacted]. | Points/fees were in excess of allowable amount. | 2 | B | PA | Primary | Purchase | C | B | A | A | C | B | C | A | Non QM | Non QM | Yes | |||||||||||||||
| 436294009 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of[redacted] exceeds tolerance of [redacted] Insufficient or no cure was provided to the borrower. | Lender to provide proof of undiscounted rate to evaluate this. | Reviewer Comment (2022-01-12): Received, Clearing. Seller Comment (2022-01-12): [redacted] COC LE was issued for interest rate locked with [redacted] ([redacted]) discount points charged; see attached [redacted] COC LE. |
01/12/2022 | 1 | A | PA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||
| 436294009 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | There was no valid change in circumstance for this fee increase. | Reviewer Comment (2022-01-12): F cd Seller Comment (2022-01-12): a tolerance CURE was issued for [redacted] on Final CD; see attached Final CD. |
01/12/2022 | 2 | B | PA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||
| 437016626 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | The appraisal was not in the name of the lender. HPML/Safe Harbor requires correct lender to be identified. Provide a revised appraisal correcting the client or appraisal transfer letter. | 2 | B | IL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016626 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of [redacted] is in excess of the investor allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of [redacted] (an overage of [redacted] or .[redacted]). | Points and Fees exceed [redacted] exceed the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. | Reviewer Comment (2022-02-22): Not an agency loan |
02/22/2022 | 1 | A | IL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| 437016626 | Compliance | Compliance | Federal Compliance | TILA | TILA NMLSR - Originator Company NMLS information on documents does not match NMLS website | Truth in Lending Act (NMLSR Dodd- Frank 2014): Loan Originator Organization NMLS information on loan documents does not match NMLS. | The Loan Organization NMLS information for the Bank of England cannot be found on the NMLS consumer access website for the state of Illinois. | Reviewer Comment (2022-01-19): Received, Clearing. Buyer Comment (2022-01-19): Bank of England is licensed as a Bank under NMLS ID [redacted] |
01/19/2022 | 1 | A | IL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| 437016626 | Compliance | Compliance | State Compliance | State Defect | Illinois SB 1894 | IL Predatory Lending Database Program (SB 1894) - Certificate of Compliance or Exemption not attached to mortgage for recording. | IL Predatory Lending Database Program (SB 1894) is not in the file. | Reviewer Comment (2022-02-18): Received, Clearing. Seller Comment (2022-02-18): Disagree - IL cert uploaded Reviewer Comment (2022-01-19): Is attached to the mortgage at recording. Seller Comment (2022-01-19): Disagree - per DM attached reply, not IL required disclosure |
02/18/2022 | 1 | A | IL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 437016626 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien | TRID Final Closing Disclosure [Redacted] on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) | No Seller CD in the file and no Seller paid fee shown on the borrower's final CD. Lender to provide seller CD if it exists. | Reviewer Comment (2022-02-22): [redacted] received seller's final settlement statement. Seller Comment (2022-02-18): Disagree - seller paid stmt uploaded Reviewer Comment (2022-02-03): Sellers CD needed to clear this exception. Buyer Comment (2022-02-03): Disagree - Title Company provides separately to seller all seller paid items. Not Required Wholesale |
02/22/2022 | 1 | A | IL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016626 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | The sales price being used for the LTV calculation is causing the LTV to exceed credit guidelines for 12-Month Bank Statement, 660+ FICO, Purchase 90% LTV max. | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower has worked in the same position for more than 3 years. Borrower has verified disposable income of at least $2500.00. Borrower has been employed in the same industry for more than 5 years. |
Owner Owner Owner Owner |
Reviewer Comment (2021-12-22): Exception Provided. Seller Comment (2021-12-22): exception approved for the small overage on LTV |
12/22/2021 | 2 | B | IL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 437016626 | Compliance | Compliance | Federal Compliance | TILA | TILA NMLSR - Originator Company License Status Not Approved | Truth in Lending Act (NMLSR Dodd- Frank 2014): Loan Originator Organization not licensed to conduct loan origination activities. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-11): Please see attached NMLS proof showing originator had an active license during loan origination. [redacted]- [redacted] FDIC license was active during this entire loan and NMLS does not currently have a way to show the active history of FDIC status. |
02/14/2022 | 1 | A | IL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294077 | Credit | Insurance | Insurance Documentation | Insurance | Missing Document: Mortgage Insurance Certificate (MIC) not provided | Final CD, 1008 and approval do not reflect PMI | Reviewer Comment (2021-12-20): Received. Clearing. Buyer Comment (2021-12-20): Loan was not originated with PMI |
12/20/2021 | 1 | A | TX | Primary | Purchase | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||||||
| 436294077 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus[redacted] or [redacted]. Insufficient or no cure was provided to the borrower. | [redacted] tolerance was exceeded by [redacted] due to increase of recording fee. No valid COC provided, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $64, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2022-01-12): F CD Seller Comment (2022-01-12): a tolerance CURE of [redacted] was issued on Final CD; see attached Final CD. |
01/12/2022 | 2 | B | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||
| 436294077 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2022-01-31): PC CD Buyer Comment (2022-01-31): Refund docs provided to [redacted] covers this increase |
01/31/2022 | 2 | B | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||
| 436294077 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Second Appraisal Fee. was last disclosed as[redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2022-01-31): pc cd Seller Comment (2022-01-31): PCCD with the credit - wrong copy provided with original upload Reviewer Comment (2022-01-18): [redacted] received PCCD .Upon further review cure provided at closing was [redacted] and refund check received [redacted] with PCCD but not cure amount is mentioned on PCCD. Please provide corrected PCCD. Seller Comment (2022-01-14): [redacted] of the cure provided at closing was for the second appraisal fee change ([redacted] to [redacted]). With the other cures being tested under no tolerance, it would cover. We refunded [redacted] out of good faith - [redacted]+[redacted] accounts for the change in appraisal cost Reviewer Comment (2022-01-13): [redacted]: Cure provided at closing is insufficient to cure for all the citing [redacted] exception. We will clear this exception once we received resolution on the citing [redacted] tolerance. Exception remains. Seller Comment (2022-01-12): CURE of [redacted] was issued on Final CD (CURE: [redacted] + [redacted] + [redacted] = [redacted]); see attached Final CD. See attached Final CD. |
01/31/2022 | 2 | B | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||
| 436294077 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Copy Or Fax Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Title - Copy Or Fax Fee. Fee. was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2022-01-31): PC CD Seller Comment (2022-01-31): LOX that wasn't uploaded and the Settlement statement from closing Reviewer Comment (2022-01-18): [redacted] received PCCD for corrected payee name.Upon further review please provide LOE with true and certified final settlement statement. Seller Comment (2022-01-14): PCCD with corrected payee Reviewer Comment (2022-01-13): [redacted] agreed that Title - Copy Or Fax fee was disclosed under section C borrower shopped section. However, fee payee name reflected as "Other". Hence, we are unable to validate the fee borrower chosen own service or selected from SSPL. Please provide corrected CD and LOE with correct payee name in order to reevaluate or Cure is required to clear this exception. Seller Comment (2022-01-12): CURE not required for Borrower shopped, title fees updated to reflect chosen title company on Section C of CD p2; See attached Final CD. |
01/31/2022 | 2 | B | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||
| 436294077 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Tax Certificate Fee. Fee Amount of[redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Title - Tax Certificate Fee. . Fee. was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2022-01-31): PC CD Buyer Comment (2022-01-31): requested docs uploaded to [redacted] Reviewer Comment (2022-01-18): [redacted] received PCCD for corrected payee name..Upon further review please provide LOE with true and certified final settlement statement. Seller Comment (2022-01-14): PCCD with corrected payee Reviewer Comment (2022-01-13): [redacted] agreed that Title - Tax Certification fee was disclosed under section C borrower shopped section. However, fee payee name reflected as "Other". Hence, we are unable to validate the fee borrower chosen own service or selected from SSPL. Please provide corrected CD and LOE with correct payee name in order to reevaluate or Cure is required to clear this exception. Seller Comment (2022-01-12): CURE not required for Borrower shopped, title fees updated to reflect chosen title company on Section C of CD p2; See attached Final CD. |
01/31/2022 | 2 | B | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||
| 436294077 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | Primary Appraisal wasn't analyzed by the Appraiser. | 2 | B | TX | Primary | Purchase | C | B | C | A | C | B | C | A | Non QM | Non QM | No | |||||||||||||||
| 436294077 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [redacted] Points and Fees Test. Points and Fees on subject loan of [redacted] is in excess of the investor allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of [redacted] (an overage of[redacted]or[redacted]). | QM3Fees of[redacted] is greater than the Maximum allowable Threshold QM of [redacted]. | 2 | B | TX | Primary | Purchase | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | |||||||||||||||
| 436294077 | Property | Valuation | Valuation Issue | Valuation | The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal | 1004 shows [redacted]and desktop shows [redacted] | Reviewer Comment (2022-01-31): Received, Clearing. Seller Comment (2022-01-31): Exception disapproved; Findings are Invalid: The desk review effective date is the same as the original appraisals effective date of [redacted]. Attached is page 6 of the original appraisal to show the effective date along with a copy of the desk review.-[redacted]-[redacted]. |
01/31/2022 | 1 | A | TX | Primary | Purchase | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||||||
| 436294078 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [redacted] Points and Fees Test. Points and Fees on subject loan of [redacted] is in excess of the investor allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of [redacted] (an overage of [redacted] or .[redacted]). | 2 | B | CA | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||||||||||
| 436294078 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Insufficient to meet reserves requirement of 6 months PITIA. | Reviewer Comment (2021-12-23): Received, Clearing. Buyer Comment (2021-12-23): Disagree - Finding Not Valid Verified Assets: [redacted] PITI [redacted] months= [redacted] Closing Cost: [redacted] |
12/23/2021 | 1 | A | CA | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294078 | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. | Lender to provide final title with a loan policy amount of [redacted]. | 2 | B | CA | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436294078 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The property is located in a FEMA disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after [redacted] declared end date. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | CA | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294079 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has been affected by the disaster. | The property is located in a Fema disaster area. Provide a post-disaster inspection verifying there was no damage from enter disaster info here. The inspection must include exterior photos and the property must be re-inspected on or after [redacted] declared end date. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): REVIEW: appraisal was completed on [redacted] which is after the disaster being referenced- from [redacted]. |
02/14/2022 | 1 | A | FL | Second Home | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | Non QM | Non QM | No | ||||||||||||||
| 436294079 | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | - | The appraisal was not in the name of the lender. Provide a revised appraisal correcting the client. | 2 | B | FL | Second Home | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | Non QM | Non QM | No | |||||||||||||||
| 437016627 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of[redacted] on Final Closing Disclosure provided on [Redacted] not accurate. | Page four (4) of final CD shows property taxes not escrowed however page one (1) states HOI and taxes escrowed. | Reviewer Comment (2022-02-18): Past the [redacted] day cure timeframe. Seller Comment (2022-02-18): Disagree - PCCD to correct final CD prepaid property tax figure to [redacted] months prepaid property taxes which correlates to the total in page 4 to indicate the additional non-escrowed property costs. Reviewer Comment (2022-01-18): You have both escrowed and non-escrowed amounts listed but yet everything is escrowed please explain how you got to page escrow numbers. Seller Comment (2022-01-18): Disagree - Final CD reflects accurately |
2 | B | CA | Primary | Refinance - Cash-out - Home Improvement | Letter of Explanation & Corrected Closing Disclosure | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| 437016627 | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. | 2 | B | CA | Primary | Refinance - Cash-out - Home Improvement | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||||
| 436294082 | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. | The file was missing a copy of the final title policy. | 2 | B | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436294082 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of ___ is less than Cash From Borrower ___. | Assets entered as per source documents in file | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-12): Disagree - CD that reflects the amount wired to the closing agent for [redacted]. This confirms the source of the wire |
02/14/2022 | 1 | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294082 | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. | The title policy in file does not have title amount | 2 | B | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436294082 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | The file was missing a a CPA letter | Reviewer Comment (2022-01-26): Received, Clearing. Seller Comment (2022-01-26): Disagree - CPA letter uploaded |
01/26/2022 | 1 | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294082 | Credit | Income / Employment | Income Eligibility | Income / Employment | The loan was qualified using Bank Statement to verify income, however the borrower is not Self-Employed. Bank Statement program is for self-employed borrowers otherwise ineligible. | - | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-12): The findings are invalid. File is a primary purchase on the Non-Agency Alternative Income Program. Attached you will find the Operating Agreement from the CPA confirming borrower is sole owner of the business and is currently operating and has been in operation since [redacted] |
02/14/2022 | 1 | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294082 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Bank Statements | Ability-to-Repay (Dodd-Frank 2014): Unable to verify current employment status using reasonably reliable third-party records. | Missing CPA letter/third party verification. | Reviewer Comment (2022-01-26): Received, Clearing. |
01/26/2022 | 1 | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294082 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Verified ATR requirements not met | Reviewer Comment (2022-01-26): Received, Clearing. |
01/26/2022 | 1 | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294082 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - Affiliated Business Arrangement Disclosure Missing | Unable to test Affiliated Business Disclosure due to missing information. | Affiliated business disclosure missing dates | 2 | B | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294082 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - Missing Signature on Affiliated Business Arrangement Disclosure | RESPA Disclosure Rule: Creditor did not obtain signature on Affiliated Business Arrangement Disclosure. | Affiliated business disclosure in file but no signature/s | 2 | B | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294082 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within three (3) business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | Verified Loan estimate delivery | Reviewer Comment (2022-01-18): [redacted] Received Earliest E-Consent Seller Comment (2022-01-14): Disagree - Borrower accepted consent to receive electronic disclosures on [redacted] |
01/18/2022 | 1 | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294082 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of [redacted] is in excess of the investor allowable maximum of [redacted]of the Federal Total Loan Amount. Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of [redacted] (an overage of [redacted] or [redacted]). | 2 | B | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||||
| 436294082 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Reviewer Comment (2022-01-26): Received, Clearing. |
01/26/2022 | 1 | A | CA | Primary | Purchase | Lender to provide updated ATR/QM status | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294083 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | The file was missing a copy of the final title policy. | Reviewer Comment (2021-12-16): provided Seller Comment (2021-12-16): Final Title |
12/16/2021 | 1 | A | FL | Investment | Purchase | C | B | C | A | B | B | A | A | Non QM | N/A | No | ||||||||||||||
| 436294083 | Credit | Guideline | Guideline Issue | Guideline | Aged document: Asset Account date is more than 90 days prior to Closing. | - | Guidelines state that documentation to be no more than 90 days old at the time of the closing. | Reviewer Comment (2022-01-05): Received, Clearing. Seller Comment (2022-01-05): Agree on age - attached again along with two other accounts that weren't originally used - funds to close are still covered |
01/05/2022 | 1 | A | FL | Investment | Purchase | C | B | C | A | B | B | A | A | Non QM | N/A | No | |||||||||||||
| 436294083 | Credit | Guideline | Guideline Issue | Guideline | Borrower has been on current job less than 2 years, and prior employment history was not documented as required. | - | prior employment captured | Reviewer Comment (2021-12-16): provided Buyer Comment (2021-12-16): prior employment was documented |
12/16/2021 | 1 | A | FL | Investment | Purchase | C | B | C | A | B | B | A | A | Non QM | N/A | No | |||||||||||||
| 436294083 | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. | - | this employment was captured to show a two history current employment VOE requirements met | Reviewer Comment (2021-12-16): provided Seller Comment (2021-12-16): VOE was provided per description - requirements were met. VOE uploaded again |
12/16/2021 | 1 | A | FL | Investment | Purchase | C | B | C | A | B | B | A | A | Non QM | N/A | No | |||||||||||||
| 436294083 | Compliance | Compliance | Federal Compliance | ATR/QM | Investment Property submitted as Non-QM / Exempt from ATR | Ability to Repay (Dodd-Frank 2014): Improper Originator Loan Designation. Investment property not subject to Ability to Repay requirements. | Loan is exempt from ATR | 2 | B | FL | Investment | Purchase | C | B | C | A | B | B | A | A | Non QM | N/A | No | |||||||||||||||
| 436294085 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Lender to provide proof of undiscounted interest rate to evaluate this change. | Reviewer Comment (2022-01-18): [redacted] received clarification, cure provided at closing. Seller Comment (2022-01-14): Disagree - Tolerance CURE of [redacted] was applied on Final CD |
01/18/2022 | 1 | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294085 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2022-01-18): Sufficient Cure Provided At Closing |
01/18/2022 | 1 | A | CA | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||
| 436294086 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | 2 | B | MA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436294086 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Principal and Interest | TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [redacted] disclosed a Principal and Interest Payment that does not match the actual payment for the loan. | Information matches the CD and the 1008 | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-14): DISAGREE - Exact P&I proposed payment was disclosed on [redacted] COC LE at rate locked and Final CD |
01/18/2022 | 1 | A | MA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294086 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. | Updated final CD needed as the one we have has the the loan will be escrowed check (pg4) but page 1 has it as there will not be an escrow account | Reviewer Comment (2022-01-18): PC CD Seller Comment (2022-01-14): Disagree - PCCD and LOX uploaded |
01/18/2022 | 2 | B | MA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294086 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. | Updated final CD needed as the one we have has the the loan will be escrowed check (pg4) but page 1 has it as there will not be an escrow account | Reviewer Comment (2022-01-18): PC CD Buyer Comment (2022-01-14): Disagree - docs uploaded to id [redacted] covers this |
01/18/2022 | 2 | B | MA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294086 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Copy of final 1003 is missing/not provided | Reviewer Comment (2021-12-17): provided Seller Comment (2021-12-17): Final 1003 |
12/17/2021 | 1 | A | MA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294086 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Transaction Error: Outstanding liens were not paid at closing. | - | Reviewer Comment (2021-12-23): Clearing. Buyer Comment (2021-12-23): No mortgages on title and found no condition or notification of any other accounts to be paid at closing. |
12/23/2021 | 1 | A | MA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294086 | Credit | Guideline | Guideline Issue | Guideline | Aged document: Asset Account date is more than 90 days prior to Closing. | - | Reviewer Comment (2021-12-23): Received, Clearing. Buyer Comment (2021-12-23): statement in file but not used for reserves or income |
12/23/2021 | 1 | A | MA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294086 | Credit | Guideline | Guideline Issue | Guideline | This loan closed during the COVID-19 affected timeframe. Asset Account date is more than 60 days prior to the Note date or notary date. | - Note Date: ___; Notary Date: ___ | Reviewer Comment (2021-12-23): Received, Clearing. Buyer Comment (2021-12-23): statement in file but not used for reserves or income |
12/23/2021 | 1 | A | MA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294086 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [redacted]Points and Fees Test. Points and Fees on subject loan of [redacted] is in excess of the investor allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees total [redacted]on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of [redacted] (an overage of [redacted] or .[redacted]). | 2 | B | MA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||||
| 436294088 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [redacted] Points and Fees Test. Points and Fees on subject loan of [redacted] is in excess of the investor allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of [redacted](an overage of [redacted] or [redacted]). | Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of[redacted]. | 2 | B | OK | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 436294088 | Compliance | Compliance | State Compliance | State HPML | (State HPML) Oklahoma Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) | Oklahoma Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted] + [redacted], or [redacted]. Compliant Higher Priced Loan. | The APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted] + [redacted], or[redacted]. | 2 | B | OK | Primary | Purchase | No obvious cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294088 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien | TRID Final Closing Disclosure [redacted] on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) | The borrower and seller CD's did not reflect any seller costs. | Reviewer Comment (2022-02-17): Received, Clearing. Seller Comment (2022-02-17): Disagree - uploaded seller paid stmt Reviewer Comment (2022-02-03): Sellers cd is needed to resolve the issue. Buyer Comment (2022-02-03): Disagree - Title Company provides separately to seller all seller paid items. Not Required Wholesale |
02/17/2022 | 1 | A | OK | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294089 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Lender to provide third party verification of existence of business - not in file. | Reviewer Comment (2022-01-14): Received Business license along with internet search result. Exception cleared. Seller Comment (2022-01-13): Verifications |
01/14/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294089 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [redacted] Points and Fees Test. Points and Fees on subject loan of [redacted] is in excess of the investor allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of [redacted] (an overage of [redacted] or .[redacted]). | Allowable maximum points and fees threshold has been exceeded. | 2 | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 436294089 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Due to missing third party verification of employment. | Reviewer Comment (2022-01-14): Received Business license along with internet search result. Exception cleared. Buyer Comment (2022-01-13): income docs uploaded to [redacted] |
01/14/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294089 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Bank Statements | Ability-to-Repay (Dodd-Frank 2014): Unable to verify current employment status using reasonably reliable third-party records. | Due to missing third party verification of employment. | Reviewer Comment (2022-01-14): Received Business license along with internet search result. Exception cleared. Buyer Comment (2022-01-13): income docs uploaded to [redacted] |
01/14/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294089 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Due to missing third party verification of employment. | Reviewer Comment (2022-01-14): Received Business license along with internet search result. Exception cleared. |
01/14/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294089 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Issue is[redacted] charge listed in Sect H for HOI - this is throwing the finance charge off. Lender to provide corrected CD with finance charge issue corrected. | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-14): DISAGREE - Due to Closing Date delay moved to [redacted] and Disbursement Date of [redacted], Section F - Prepaids (interest and property taxes) and Section G - Initial Escrow Payment were adjusted to reflect which is the cause of the variance |
01/18/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294089 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of[redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted]. | Lender to provide proof of undiscounted rate to evaluate this fee. | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-14): DISAGREE - [redacted] COC LE was issued for interest rate locked with [redacted] discount points charged (removed lender credit) |
01/18/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294090 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The property is located in a FEMA disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after [redacted] declared end date. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NJ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294090 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow - Monthly Escrow Payment | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan. | Captured as shown the final CD. "Estimated Escrow" = [redacted] and "Estimated Taxes, Insurance & Assessments" = [redacted] | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Agree - The underwriter incorrectly listed [redacted] water/sewer on the final 1008/1003. The Client included that same amount on the Closing Disclosure Projected Payments on page 1. Attached is the corrected final 1008/1003, post consummation CD, and letter of explanation to the borrower. |
02/15/2022 | 1 | A | NJ | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294090 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Attorney's Fee (Closing Agent Only). Fee Amount of[redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Attorney's Fee was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Agree - Attached is the Change of Circumstance stating that the attorney fee increase was due to adding a borrower to the transaction. |
02/15/2022 | 1 | A | NJ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016628 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [Redacted] not accurate. | Annual Taxes and HOA does not total to [redacted] | Reviewer Comment (2022-01-19): Received, Clearing. Seller Comment (2022-01-19): Disagree - Appraisal and CDA indicate [redacted] monthly, [redacted]annually. Final CD indicates accurate amounts |
01/19/2022 | 1 | A | FL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016628 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien | TRID Final Closing Disclosure [Redacted] on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) | Verified Final Closing Disclosure [redacted] on a first lien purchase transaction did not disclose any Seller paid fees/charges. | Reviewer Comment (2022-02-22): [redacted] received seller's CD. Seller Comment (2022-02-18): Disagree - seller paid stmt uploaded Reviewer Comment (2022-02-03): Sellers cd is needed to resolve the issue. Buyer Comment (2022-02-03): Disagree - Title Company provides separately to seller all seller paid items. Not Required Wholesale |
02/22/2022 | 1 | A | FL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016628 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | The appraisal was provided electronically on [redacted], prior to the report being signed on [redacted] | 2 | B | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294095 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of [redacted] is in excess of the investor allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of[redacted] (an overage of [redacted] or .[redacted]). | Points/fees were outside allowable amounts. | 2 | B | TX | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 436294096 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Reviewer Comment (2022-01-31): Received, Clearing. Seller Comment (2022-01-31): Disagree - verified assets were [redacted] and funds needed for closing and reserves was only [redacted] |
01/31/2022 | 1 | A | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294096 | Credit | 1003 | Document Error | 1003 | Borrower(s) is not a U.S. Citizen, and the guideline required documentation was not provided. | - | Missing document. | Reviewer Comment (2022-01-26): Received, Clearing. |
01/26/2022 | 1 | A | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294096 | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US Citizen Status not provided | Reviewer Comment (2022-01-26): Received, Clearing. Seller Comment (2022-01-26): Disagree - the Naturalization document as the client would have to be a permanent resident with legal status at time of closing in order to become a US citizen. |
01/26/2022 | 1 | A | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294096 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003 Error: Citizenship Source Documentation was not provided | - | Missing document | Reviewer Comment (2022-01-26): Received, Clearing. |
01/26/2022 | 1 | A | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294096 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Verified assets in the amount of [redacted] are insufficient to meet reserves requirement of [redacted]. Final 1008 reflects [redacted]. | The qualifying DTI on the loan is at least 10% less than the guideline maximum. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower has worked in the same position for more than 3 years. Borrower has verified disposable income of at least $2500.00. |
Owner Owner Owner Owner Owner |
Reviewer Comment (2022-01-19): Exception provided. Seller Comment (2022-01-19): Exception approved |
01/19/2022 | 2 | B | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 436294097 | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. | - | The verification of employment is required and was not found in file. | Reviewer Comment (2022-02-17): Received, Clearing. Seller Comment (2022-02-17): Attached bank statement and pay stub from [redacted] |
02/17/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294097 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | - | A verification of employment is required per the guidelines and was not found in the file. | Reviewer Comment (2022-02-17): Received, Clearing. |
02/17/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294098 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | Reviewer Comment (2021-12-17): provided Seller Comment (2021-12-17): Flood Cert |
12/17/2021 | 1 | A | FL | Primary | Purchase | D | B | D | A | B | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294098 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / Sales Contract not provided | Reviewer Comment (2021-12-17): provided Seller Comment (2021-12-17): Purchase Contract |
12/17/2021 | 1 | A | FL | Primary | Purchase | D | B | D | A | B | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294098 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of [redacted] is in excess of the investor allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of[redacted](an overage of[redacted] or .[redacted]). | 2 | B | FL | Primary | Purchase | D | B | D | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||||||||
| 436294098 | Credit | Income | Income Error | Income | The # of Bank Statements Required is less than total of Statement Period Months. | Bank statements for 12 months business bank statement income are missing for statement periods ending dates of[redacted], [redacted], [redacted] and [redacted]. | Reviewer Comment (2022-01-19): Received, Clearing. Seller Comment (2022-01-19): SEE ATTACHED - Correct bank statements are already in file. Do not need the [redacted] bank stmnts as that is NOT in the 12 months calculation for income. |
01/19/2022 | 1 | A | FL | Primary | Purchase | D | B | D | A | B | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294099 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | 2 | B | NC | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436294099 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of [redacted] is in excess of the investor allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of [redacted] (an overage of[redacted] or .[redacted]). | 2 | B | NC | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||||||||||
| 436294099 | Credit | Missing Document | General | Missing Document | Missing Document: Bank Statements - Personal not provided | Reviewer Comment (2021-12-17): Received, Clearing. Seller Comment (2021-12-17): Bank statement |
12/17/2021 | 1 | A | NC | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294099 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | Missing copy of personal bank statement | Reviewer Comment (2021-12-17): Received, Clearing. Seller Comment (2021-12-17): Bank statement |
12/17/2021 | 1 | A | NC | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294099 | Credit | Credit | Credit Documentation | Guideline | Aged document: Credit Report is more than 90 days prior to the note date. | - | Reviewer Comment (2021-12-22): Received, Clearing. Seller Comment (2021-12-22): Disagree - Credit report was pulled within 90 days of the Note |
12/22/2021 | 1 | A | NC | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294099 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | Need proof of payment plan if customer is on one | 2 | B | NC | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294099 | Credit | Guideline | Guideline Issue | Guideline | Borrower has been on current job less than 2 years, and prior employment history was not documented as required. | - | Reviewer Comment (2022-01-12): Received, Clearing. Buyer Comment (2022-01-12): Disagree - Removed income from second job due to lack of history USING SELF EMPLOYMENT ONLY |
01/12/2022 | 1 | A | NC | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294099 | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. | - | Reviewer Comment (2022-01-12): Received, Clearing. Seller Comment (2022-01-12): Disagree - VOE for self-employment uploaded |
01/12/2022 | 1 | A | NC | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294100 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of [redacted] is in excess of the investor allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of [redacted] (an overage of[redacted] or [redacted]). | 2 | B | NY | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||||
| 436294100 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [redacted] business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | Reviewer Comment (2022-01-20): Received, Clearing. Seller Comment (2022-01-19): Application date [redacted] - initial disclosure issued and signed by borrower same day [redacted]. |
01/20/2022 | 1 | A | NY | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294100 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted] or [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2021-11-15): Sufficient Cure Provided At Closing |
11/15/2021 | 1 | A | NY | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| 436294100 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of[redacted] Suffici[redacted]ent or excess cure was provided to the borrower at Closing. | Reviewer Comment (2021-11-15): Sufficient Cure Provided At Closing |
11/15/2021 | 1 | A | NY | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| 436294103 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ ___ ___ |
Reviewer Comment (2022-02-16): Received, Clearing. Seller Comment (2022-02-16): Please see attached docs to clear finding. |
02/16/2022 | 1 | A | FL | Primary | Refinance - Rate/Term | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294103 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of[redacted] is in excess of the investor allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of [redacted] (an overage of [redacted] or [redacted]). | 2 | B | FL | Primary | Refinance - Rate/Term | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||||||||
| 436294103 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2021-11-24): Sufficient Cure Provided At Closing |
11/24/2021 | 1 | A | FL | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| 436294104 | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | - | 2 | B | OR | Primary | Purchase | C | B | A | A | C | A | B | B | Non QM | Non QM | No | ||||||||||||||||
| 436294104 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of[redacted] exceeds tolerance of[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2021-11-16): Sufficient Cure Provided At Closing |
11/16/2021 | 1 | A | OR | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | A | B | B | Non QM | Non QM | Yes | |||||||||||||
| 436294104 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Contact Information - Lender | TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on [redacted] did not disclose the required Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). | True | Reviewer Comment (2022-01-18): NMLS info provided Seller Comment (2022-01-14): Disagree - final cd has contact info |
01/18/2022 | 1 | A | OR | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | A | B | B | Non QM | Non QM | Yes | ||||||||||||
| 436294105 | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. | Lender to provide final title with a policy amount of [redacted]. | 2 | B | CA | Primary | Purchase | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436294105 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted]. | Final Lender Credit of[redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted]. There file did not contain a valid changed of circumstance for the decrease. | Reviewer Comment (2022-02-17): Received, Clearing. Seller Comment (2022-02-17): Disagree - ICD includes Lender Credit total [redacted], including [redacted] tolerance cure for increase of Appraisal Fee and remaining general lender credit of [redacted]. Lender Credit initially issued on Loan Estimates as [redacted] - all Loan Estimate figures rounded. ICD indicates exact amount to decimal Reviewer Comment (2022-01-18): CoC states a credit of [redacted]. CD has a cure for [redacted] included in the credit amount. Total credit of [redacted] required, CD only has [redacted] Seller Comment (2022-01-14): Disagree - [redacted] COC LE stated the Lender Credit of [redacted]. Attached LE and Final CD |
02/17/2022 | 1 | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294106 | Credit | Guideline | Guideline Issue | Guideline | Aged document: Asset Account date is more than 90 days prior to Closing. | - | Per guides asset documentation is to be no more than 90 days old. Lender to provide updated bank statements used to qualify. | Reviewer Comment (2021-12-23): Received, Clearing. Buyer Comment (2021-12-23): last statement is from [redacted] - within 90 days of closing |
12/23/2021 | 1 | A | CT | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294106 | Credit | Missing Document | General | Missing Document | Missing Document: Official Check not provided | Earnest money check was drawn after closing date of most recent personal statement in file. Lender to verify source and clearance of funds. | Reviewer Comment (2021-12-23): Received, Clearing. Buyer Comment (2021-12-23): Check was drawn on [redacted], last statement closed [redacted] |
12/23/2021 | 1 | A | CT | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294107 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM - Bank Statement Income | General QM: Unable to verify bank statement income using reasonably reliable third-party records. | Missing bank statements for business for[redacted] and [redacted]. As a result we have 22 months statements when 24 are required. Lender to provide the missing statements. | Reviewer Comment (2021-12-01): Loan incorrectly run as QM |
12/01/2021 | 1 | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294107 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Due to missing income documents | Reviewer Comment (2021-12-01): Loan incorrectly run as QM |
12/01/2021 | 1 | A | CA | Primary | Purchase | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294107 | Credit | Income | Income Error | Income | The # of Bank Statements Required is less than total of Statement Period Months. | - | Missing bank statements for business for [redacted] and [redacted]. As a result we have 22 months statements when 24 are required. Lender to provide the missing statements. | Reviewer Comment (2022-02-14): provided Seller Comment (2022-02-12): Bank statements attached |
02/14/2022 | 1 | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294108 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | CPA letter is not in the file. | Reviewer Comment (2022-02-03): Received, Clearing. Seller Comment (2022-02-03): Exception approved. Please see attached CPA letter stating the borrower has been self employed more that 2 years |
02/03/2022 | 1 | A | NY | Primary | Purchase | C | B | C | A | C | B | C | A | Non QM | Non QM | No | |||||||||||||
| 436294108 | Property | Property - Appraisal | Appraisal Data Integrity | Property - Appraisal | Appraiser's license or certification was not active at the time of the appraisal. | - | Appraiser provided license attached to the appraisal report showing her license was active during the inspection, however the appraisal look-up is not showing the previous licensing period, and the data entry to complete the appraiser certification data is not available. Therefore Clarity is only giving me the option to add an exception. | Reviewer Comment (2021-12-22): Received, Clearing. Buyer Comment (2021-12-22): License was active at time of inspection - expiration [redacted] |
12/22/2021 | 1 | A | NY | Primary | Purchase | C | B | C | A | C | B | C | A | Non QM | Non QM | No | |||||||||||||
| 436294108 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | CPA letter is not in the file. This required per [redacted] guidelines. | Reviewer Comment (2022-02-03): Received, Clearing. Reviewer Comment (2022-01-24): No CPA letter as requested was provided. Seller Comment (2022-01-24): Disagree - ATR in file |
02/03/2022 | 1 | A | NY | Primary | Purchase | Lender to provide updated ATR/QM status | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||
| 436294108 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Schedule C Test | Ability-to-Repay (Dodd-Frank 2014): Unable to verify current Sole Proprietorship status using reasonably reliable third-party records. | CPA letter is not in the file. This required per [redacted] guidelines. | Reviewer Comment (2022-02-03): Received, Clearing. Reviewer Comment (2022-01-24): No CPA letter as requested was provided. Seller Comment (2022-01-24): Disagree - income docs uploaded |
02/03/2022 | 1 | A | NY | Primary | Purchase | C | B | C | A | C | B | C | A | Non QM | Non QM | No | |||||||||||||
| 436294108 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | CPA letter is not in the file. This required per [redacted] guidelines. | Reviewer Comment (2022-02-03): Received, Clearing. |
02/03/2022 | 1 | A | NY | Primary | Purchase | C | B | C | A | C | B | C | A | Non QM | Non QM | No | |||||||||||||
| 436294108 | Compliance | Compliance | State Compliance | State HPML | (State HPML Provision) New York Subprime Loan (Ability to Repay not Verified) | New York Subprime Loan: Borrower's ability to repay not verified with reliable documentation. | CPA letter is not in the file. This required per [redacted] guidelines. | 2 | B | NY | Primary | Purchase | No obvious cure | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||||||
| 436294108 | Compliance | Compliance | State Compliance | State HPML | New York Subprime Home Loan Threshold Fixed Non-Compliant | New York Subprime Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of Prime Mortgage Market Rate[redacted] +[redacted], or[redacted]. Non-Compliant SubPrime Loan. | APR Threshold exceeded for [redacted] Subprime Loan. | 2 | B | NY | Primary | Purchase | While considered narrow in its defense, the cure provisions under the NY Subprime law allows lenders, when acting in good faith, to make appropriate restitution to the borrower to satisfy the subprime home loan requirements and remove the loan from subprime status. Cure may be made through refund if (1) there is bona fide evidence of good faith (i.e, lender has controls and policies in place to avoid making subprime loans); and (2) the borrower has not yet brought any action against lender. There is no time limit for which such restitution must be made. | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||||
| 436294108 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) | New York Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan. | Notice of Taxes and Insurance is not in the file. | 2 | B | NY | Primary | Purchase | No obvious cure | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||||||
| 436294108 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Contact Information - Lender | TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on [redacted] did not disclose the required Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). | The Lender Contact NMLS ID is missing on the Final CD. | Reviewer Comment (2022-01-18): NMLS info provided Seller Comment (2022-01-14): Disagree - final CD shows contact info |
01/18/2022 | 1 | A | NY | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||
| 436294108 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided at Application but within Three Days) | New York Subprime Loan: Counseling Disclosure not provided to borrower at the time of application, but within three days of application. | Counseling Disclosure provided to borrower on [redacted]. | 2 | B | NY | Primary | Purchase | No obvious cure | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||||||
| 436294108 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after [redacted] contains a change in APR and was not received by borrower at least three (3) business days prior to consummation | No change of circumstance provided to the borrower on or after [redacted] for a change in APR. | Reviewer Comment (2022-01-19): Received, Clearing. Buyer Comment (2022-01-19): Decrease in APR. [redacted] CD issued APR [redacted], final CD issued APR [redacted]. |
01/19/2022 | 1 | A | NY | Primary | Purchase | TRID timing exception, no remediation available. | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||||
| 436294108 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Issue and Received Date > Closing Disclosure Issue and Received Date | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (The Revised Loan Estimate was received on or after the Closing Disclosure.) | Revised Loan Estimate provided after the date the initial Closing Disclosure was provided. | Reviewer Comment (2022-01-18): CD dated [redacted] not delivered to borrower Seller Comment (2022-01-14): DISAGREE - ICD was issued on [redacted] and last LE was issued on [redacted]. |
01/18/2022 | 1 | A | NY | Primary | Purchase | No Defined Cure | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||||
| 436294108 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Loan Discount Points was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include[redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2022-02-14): [redacted] - Received missing CD dated [redacted] & corresponding rate lock is available. Seller Comment (2022-02-13): Disagree - Loan Discount Points of [redacted] reflecting in the LE dated [redacted] it got decreased to [redacted] in LE dated [redacted], reflecting valid COC for change on same date due to rate lock. Then the Discount Points of [redacted] added in CD dated [redacted], reflecting COC on same date for the fee added in CD due to rate change. Therefore Cure not required, all COC found for the increase and decrease in Lender credit. |
02/14/2022 | 1 | A | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||
| 436294108 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as $600 on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. | Reviewer Comment (2022-01-28): Cured on the Final CD Buyer Comment (2022-01-28): Other fees tested correctly under no tolerance - cure provided at closing was sufficient Reviewer Comment (2022-01-18): [redacted]: Cure provided at closing is insufficient to cure for all the citing (additional exception) exception. Exception remains. Seller Comment (2022-01-14): DISAGREE - Tolerance CURE of [redacted] was issued on Final CD |
01/28/2022 | 2 | B | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||
| 436294108 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | calculated finance charge of [redacted] is more than disclosed finance charge of[redacted]. | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Disagree - Due to interest rate lowered from [redacted] to [redacted], APR and Finance Charge adjusted to reflect |
02/15/2022 | 1 | A | NY | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||
| 436294108 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2022-02-14): Sufficient Cure Provided At Closing |
02/14/2022 | 1 | A | NY | Primary | Purchase | Final CD evidences Cure | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | |||||||||||||
| 436294109 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | The file was missing a copy of the final title Policy | Reviewer Comment (2022-01-18): provided |
01/18/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | N/A | No | ||||||||||||||
| 436294109 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | 2 | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | N/A | No | |||||||||||||||||
| 436294109 | Credit | Title | General | Title | Final Title Policy Coverage is less than Original Loan Amount. | The preliminary title report in file disclosed [redacted] of title insurance coverage; however this is less than the loan amount of [redacted]. Provide a copy of the final title policy or a supplemental title report verifying title insurance of at least the loan amount. | Reviewer Comment (2022-01-18): provided Seller Comment (2022-01-14): Disagree - title policy uploaded |
01/18/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | N/A | No | ||||||||||||||
| 436294109 | Compliance | Compliance | Federal Compliance | ATR/QM | Investment Property submitted as Non-QM / Exempt from ATR | Ability to Repay (Dodd-Frank 2014): Improper Originator Loan Designation. Investment property not subject to Ability to Repay requirements. | Loan is for investment | 2 | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | N/A | No | |||||||||||||||
| 436294110 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus 10% or [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | The lender provided a [redacted] credit that covers the increase above tolerance. | Reviewer Comment (2021-11-24): Sufficient Cure Provided At Closing |
11/24/2021 | 1 | A | MA | Second Home | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294110 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | The lender provided a [redacted] credit that covers the increase above tolerance. | Reviewer Comment (2021-11-24): Sufficient Cure Provided At Closing |
11/24/2021 | 1 | A | MA | Second Home | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294112 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus[redacted]or [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Lender to provide cure to borrower for out of tolerance fee. | Reviewer Comment (2021-11-24): Sufficient Cure Provided At Closing |
11/24/2021 | 1 | A | CA | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436293966 | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | Reviewer Comment (2022-01-05): Received, Clearing. Seller Comment (2022-01-05): corrected appraisal |
01/05/2022 | 1 | A | IL | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293966 | Credit | Credit | Credit Eligibility | Credit | Borrower has | - ___ open Tradelines which is less than the minimum required by guidelines. | Reviewer Comment (2022-02-01): Received, Clearing. Seller Comment (2022-02-01): Disagree- Borrower Liabilities reflect 2 mortgage tradelines. Borrower closed on Property [redacted], Verification of REO Provided. [redacted]. |
02/01/2022 | 1 | A | IL | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293966 | Credit | Guideline | General | Guideline | Tax Return' missing as borrower 'Income Documentation'. | - | Reviewer Comment (2022-01-12): Received, Clearing. Seller Comment (2022-01-12): Disagree - not a valid finding, This is a [redacted]YR Fixed Non-Agency DSCR, tax returns are not required |
01/12/2022 | 1 | A | IL | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436293966 | Credit | Insurance | Insurance Documentation | Insurance | Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. | Reviewer Comment (2022-01-05): Received, Clearing. Seller Comment (2022-01-05): HOI policy - covered for rental value |
01/05/2022 | 1 | A | IL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293966 | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | Reviewer Comment (2022-01-05): Received, Clearing. Seller Comment (2022-01-05): updated insurance policy |
01/05/2022 | 1 | A | IL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293966 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Reviewer Comment (2022-01-05): Received, Clearing. Seller Comment (2022-01-05): Asset Docs |
01/05/2022 | 1 | A | IL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293966 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reviewer Comment (2022-01-05): Received, Clearing. Buyer Comment (2022-01-05): Asset docs uploaded to [redacted] |
01/05/2022 | 1 | A | IL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436293966 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | A 2nd month statement required. Also name on bank account is NOT in the Borrowers name, this account is joint with spouse who is on SP title and another person. There is a joint access LOE in file [redacted] giving full access to 2nd title holder but not to Borrower. A Lender exception may be required. | Reviewer Comment (2022-01-18): Received, Clearing. Seller Comment (2022-01-18): Disagree - account removed, updated 1003 and 1008 attached |
01/18/2022 | 1 | A | IL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||
| 436294011 | Credit | Guideline | Guideline Issue | Guideline | Experience level does not meet the guideline requirements for an experienced investor. | Reviewer Comment (2021-12-23): Clearing. Buyer Comment (2021-12-23): Not sure we understand what the issue is on this one. Borrower is purchasing an investment property. The borrower provided verification in file that he is a home owner in [redacted]so not a first time homebuyer. The guidelines reflect that the ability to repay loan is based [redacted]on the income and debts associated with the subject property. Did not see anything on experience on rental required. Below is what I found. |
12/23/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294013 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Assignment of Leases/Rents not provided | Reviewer Comment (2022-02-01): Received, Clearing. Seller Comment (2022-02-01): Exception approved |
02/01/2022 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294081 | Compliance | Compliance | State Compliance | State Late Charge | Note Error: Note late charge percentage exceeds maximum per state | 2 | B | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||||||
| 436294081 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2021-12-10): Received, Clearing. |
12/10/2021 | 1 | A | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||||
| 436294081 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Reviewer Comment (2022-02-01): Not provided in NY Reviewer Comment (2022-02-01): reopened to clear Reviewer Comment (2021-12-23): NA in NY |
02/01/2022 | 1 | A | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||||
| 436294081 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The appraisal does not show the property is Tenant Occupied or Vacant and thus casts doubt on the business purpose of the loan. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
Owner Owner Owner |
Reviewer Comment (2021-12-23): Exception provided. Seller Comment (2021-12-23): exception approved |
12/23/2021 | 2 | B | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||
| 436294081 | Credit | Missing Document | General | Missing Document | ACH was missing from file. | Reviewer Comment (2022-02-01): Not required Reviewer Comment (2022-02-01): reopened to clear Reviewer Comment (2021-11-23): NA |
02/01/2022 | 1 | A | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||||
| 436294081 | Credit | Credit | Credit Documentation | Credit | There is no lease in place for the subject property and the absence of this document casts doubt on business purpose of loan. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
Owner Owner Owner |
Reviewer Comment (2021-12-23): Exception provided. Seller Comment (2021-12-23): exception approved |
12/23/2021 | 2 | B | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||
| 436294081 | Credit | Credit | Credit Documentation | Credit | Borrower does not own current residence and thus casts doubt on business purpose of loan. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
Owner Owner Owner |
Reviewer Comment (2021-12-23): Exception provided. Seller Comment (2021-12-23): exception approved |
12/23/2021 | 2 | B | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||
| 436294084 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Assignment of Leases/Rents not provided | Reviewer Comment (2022-01-28): Received, Clearing. Seller Comment (2022-01-28): Disagree - Loan is a purchase and leases are not required with rent loss coverage as stated in guidelines, uploaded the appraisal that includes 1007 on page 46 showing market rent and HOI with rent loss coverage |
01/28/2022 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294087 | Credit | Insurance | Insurance Analysis | Insurance | Hazard Insurance Policy expires within 90 days of the Note Date. | Hazard Insurance Policy Expiration Date ___, Note Date ___ | Reviewer Comment (2021-11-24): The next annual premium was collected at closing. |
11/24/2021 | 2 | B | CA | Investment | Refinance - Limited Cash-out GSE | B | B | B | B | A | A | No | ||||||||||||||||||
| 436294091 | Credit | Guideline | Guideline Issue | Guideline | Ineligible Property Type per the guidelines. | - | Reviewer Comment (2021-12-22): Received, Clearing. Seller Comment (2021-12-22): Disagree - condo cert and AUS shows correct property type |
12/22/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294091 | Credit | Credit | Credit Documentation | Guideline | Aged document: Credit Report is more than 90 days prior to the note date. | - | Reviewer Comment (2021-12-22): Received, Clearing. Seller Comment (2021-12-22): Disagree - credit report pulled within [redacted] days of note |
12/22/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294091 | Credit | Insurance | Insurance Documentation | Insurance | Insurance Policy Expiration Date is less than 30 days of the Note Date and does not have automatic renewal. | Reviewer Comment (2021-12-22): Received, Clearing. Buyer Comment (2021-12-22): Disagree - previously uploaded doc covers this |
12/22/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294091 | Credit | Fix and Flip | General | Fix and Flip | Insurance Policy Expiration Date is less than 30 days from the Note Date and does not have automatic renewal. | Reviewer Comment (2021-12-22): Received, Clearing. Seller Comment (2021-12-22): Disagree - documentation of coverage along with approved exception was in file |
12/22/2021 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294111 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation does not support the value used to qualify.; Sec ID: 7 | Reviewer Comment (2021-12-17): Received, Clearing. Buyer Comment (2021-12-17): Field review doesn't need a value if reviewer agrees with appraised value - question 10 is checked yes Reviewer Comment (2021-12-15): Field Review has no value provided. Seller Comment (2021-12-14): A field review was done prior to funding |
12/17/2021 | 1 | A | CO | Investment | Purchase | C | B | A | A | C | B | No | |||||||||||||||||||
| 436294111 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value.; Sec ID: 22 | Note Date: ___; Lien Position: ___ | 2 | B | CO | Investment | Purchase | C | B | A | A | C | B | No | ||||||||||||||||||||
| 436294139 | Compliance | Compliance | Federal Compliance | ATR/QM | Investment Property submitted as Non-QM / Exempt from ATR | Ability to Repay (Dodd-Frank 2014): Improper Originator Loan Designation. Investment property not subject to Ability to Repay requirements. | Entered designation Non QM as per tape data | 2 | B | CA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | N/A | No | |||||||||||||||
| 436294140 | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. | Lender to provide final title with a policy amount of [redacted]. | 2 | B | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436294142 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | 2 | B | NJ | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436294142 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of[redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Loan Discount Points increased [redacted] to [redacted] without a cure. | Reviewer Comment (2022-02-14): [redacted] received PCCD, LOE, proof of mailing & copy of refund check. Seller Comment (2022-02-12): See attached PCCD, letter to borrower, and a copy of the reimbursement check Reviewer Comment (2022-02-09): [redacted] has received Corrected PCCD, Proof of mailing & LOE to borrower. However, we still haven't received the Copy of Refund check & the tracking ID shows that the label has been just created. Kindly provide the proof of mailing once the package is out for delivery or shipped to the borrower & Copy of Refund check in order to cure this exception. Seller Comment (2022-02-09): Cure docs Reviewer Comment (2022-02-03): Compliance issue wholesale loan doesn't matter to the issue. Buyer Comment (2022-02-03): Disagree - not a wholesale loan |
02/14/2022 | 2 | B | NJ | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294142 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Examination Fee. Fee Amount of[redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Title - Examination Fee increased [redacted] to [redacted] without a cure. | Reviewer Comment (2022-02-03): Received, Clearing. Seller Comment (2022-02-03): Disagree - COC/Cure not required. Borrower shopped, Title Examination Charge of [redacted] was listed in Section C of CD p2 to reflect |
02/03/2022 | 1 | A | NJ | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294142 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The property is located in Bergen County. Provide a post-disaster inspection verifying there was no damage from enter disaster info here. The inspection must include exterior photos and the property must be re-inspected on or after xx/xx/xxxx declared end date. | Reviewer Comment (2022-02-02): Received, Clearing. Seller Comment (2022-02-02): Exception approved. File is a primary rate & term refinance on the Non-Agency Alternative Income program. Attached is the [redacted] Area Report. |
02/02/2022 | 1 | A | NJ | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294143 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within three (3) business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | Reviewer Comment (2022-02-03): Received, Clearing. Seller Comment (2022-02-02): Disagree - Initial Disclosures issued[redacted] and signed by borrower same day - application date provided [redacted] |
02/03/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294143 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. | The final CD shows page 1 there is nothing in escrow, page 4 states there will be an escrow account. | Reviewer Comment (2022-02-03): PC CD Seller Comment (2022-02-02): Disagree - PCCD and LOX uploaded |
02/03/2022 | 2 | B | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294143 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. | The final CD shows page 1 there is nothing in escrow, page 4 states there will be an escrow account. | Reviewer Comment (2022-02-03): PC CD Seller Comment (2022-02-02): Disagree - PCCD and LOX uploaded |
02/03/2022 | 2 | B | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294143 | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. | The preliminary title policy did not show the title policy amount. | 2 | B | CA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436294145 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Fee was out of tolerance with sufficient cure provided. | Reviewer Comment (2021-12-10): Sufficient Cure Provided At Closing |
12/10/2021 | 1 | A | TX | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294146 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-12): AVM report attached |
02/14/2022 | 1 | A | NY | Primary | Refinance - Limited Cash-out GSE | D | B | C | A | C | B | D | A | Non QM | Non QM | No | |||||||||||||||
| 436294146 | Credit | Income | Income Error | Income | The # of Bank Statements Required is less than total of Statement Period Months. | - | Missing copy August 2020 bank statement | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): Attached [redacted] bank statement [redacted] |
02/14/2022 | 1 | A | NY | Primary | Refinance - Limited Cash-out GSE | D | B | C | A | C | B | D | A | Non QM | Non QM | No | |||||||||||||
| 436294146 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Borrower was not provided with a COC | Reviewer Comment (2021-12-10): Cured on Final CD |
12/10/2021 | 2 | B | NY | Primary | Refinance - Limited Cash-out GSE | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | C | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||||||
| 436294148 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Other Includes Insurance Costs | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed whether Homeowners insurance is included in escrow in incorrect section. Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table. Disclosure requirement met, non-material exception for incorrect format/placement. | Fee disclosed correctly. | 2 | B | CT | Primary | Purchase | Good Faith Redisclosure | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| 436294148 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Reviewer Comment (2022-02-07): Guidelines allow for use of Primary Income Earners credit score. Seller Comment (2022-02-07): Exception disapproved. "Guideline Requirement: Representative FICO score discrepancy… Representative FICO score of [redacted] is less than Guideline representative FICO score of[redacted]." Per Arc ACCESS Guidelines, for Representative Credit Score we use the credit score of the primary income earner (>[redacted] of qualifying income) which is [redacted]. Monthly Income using Base only is [redacted] of total qualifying income[redacted]. B1 Monthly income is retirement of [redacted]. Per guidelines, • If the primary income earner has [redacted], use the middle score which in the case of PWE B2 is [redacted] > Program Guideline Minimum Score [redacted]. Credit Report unexpired and income docs in file at time of closing [redacted]- No Action Needed. Reviewer Comment (2022-02-01): Score is the mid of the lowest borrower.[redacted] stands and is below the [redacted]. Seller Comment (2022-02-01): Disagree - If the primary income earner has [redacted], use the middle score which in the case of [redacted] B2 is [redacted] > Program Guideline Minimum Score [redacted]. Credit Report unexpired and income docs in file at time of closing [redacted] |
02/07/2022 | 1 | A | CT | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294149 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | except and added valuation inspection date | Reviewer Comment (2022-02-02): Received, Clearing. Seller Comment (2022-02-02): Exception approved. |
02/02/2022 | 1 | A | NY | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436294149 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | set exception has documents not required | Reviewer Comment (2022-02-02): Received, Clearing. Seller Comment (2022-02-02): Exception disapproved. Per Rental income guidelines - lease is not required for subject property |
02/02/2022 | 1 | A | NY | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||
| 436294149 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | except Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Reviewer Comment (2022-02-02): Received, Clearing. Seller Comment (2022-02-02): Exception approved. The income calculation worksheet in the file supports[redacted]per month. UW only used [redacted] month conservatively at [redacted] DTI. Unable to determine the income calcs utilized by the auditor. |
02/02/2022 | 1 | A | NY | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436294149 | Credit | Missing Document | General | Missing Document | Missing Document: 1007 Rent Comparison Schedule not provided | except comparison schedule | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): See attached 1007 for this one |
02/15/2022 | 1 | A | NY | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436294151 | Credit | Income | Income Error | Income | The # of Bank Statements Required is less than total of Statement Period Months. | - | The bank statement for the month of[redacted] was shown on the lenders income worksheet but was not found in the file to review. | Reviewer Comment (2022-02-14): provided Seller Comment (2022-02-14): Exception approved. |
02/14/2022 | 1 | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294151 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Payment Shock exceeds credit guidelines. | Payment Shock: ___ | The guidelines allow up to [redacted]payment shock. | Reviewer Comment (2022-02-02): Received, Clearing. Buyer Comment (2022-02-02): Disagree - payment shock is well within guidelines. Loan isn't subject to [redacted]guidelines and allows max [redacted] |
02/02/2022 | 1 | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294151 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien | TRID Final Closing Disclosure [redacted]on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) | Unable to determine missing supporting documentation. | Reviewer Comment (2022-02-03): Received, Clearing. Seller Comment (2022-02-03): Disagree - Title Prelim CD provided none of Seller paid items Reviewer Comment (2022-02-03): Sellers CD is needed to resolve this exception. Buyer Comment (2022-02-02): Disagree - Title Company provides separately to seller all seller paid items. Not Required Wholesale |
02/03/2022 | 1 | A | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294113 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Fee was out of tolerance, sufficient cure made. | Reviewer Comment (2021-12-07): Sufficient Cure Provided At Closing |
12/07/2021 | 1 | A | NJ | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294113 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Lender to provide acceptable third party verification of business to clear this exception. | Reviewer Comment (2022-02-07): Received. Clearing. |
02/07/2022 | 1 | A | NJ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294113 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Bank Statements | Ability-to-Repay (Dodd-Frank 2014): Unable to verify current employment status using reasonably reliable third-party records. | Lender to provide acceptable third party verification of business to clear this exception. | Reviewer Comment (2022-02-07): Received. Clearing. Seller Comment (2022-02-07): Exception approved. |
02/07/2022 | 1 | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294113 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Lender to provide acceptable third party verification of business to clear this exception. | Reviewer Comment (2022-02-07): Received. Clearing. |
02/07/2022 | 1 | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294113 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | Flood cert not found in file. Per appraisal property is not in flood zone. Lender to provide flood cert. | Reviewer Comment (2022-01-25): Received, Clearing. Seller Comment (2022-01-25): Exception approved |
01/25/2022 | 1 | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294114 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | The lender provided a [redacted] credit that covered the appraisal increase. | Reviewer Comment (2021-12-07): Sufficient Cure Provided At Closing |
12/07/2021 | 1 | A | PA | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294115 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Only valid CD in file was issued date of closing. | Reviewer Comment (2022-02-02): Received, Clearing. Seller Comment (2022-02-02): Disagree - uploaded [redacted] signed ICD. |
02/02/2022 | 1 | A | FL | Primary | Refinance - Cash-out - Other | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 436294116 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Property appears to be mobile home so there would be no tax/HOI payment but the stated cost is [redacted], which is probably lot rent. Lender to provide satisfactory proof of the [redacted]/mo rent payment. | Reviewer Comment (2022-02-02): Received, Clearing. Seller Comment (2022-02-02): Exception approved. Please find PITIA docs attached. |
02/02/2022 | 1 | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294116 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Fee was incorrectly disclosed but cure was made. | Reviewer Comment (2021-12-08): Sufficient Cure Provided At Closing |
12/08/2021 | 1 | A | TX | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294116 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of[redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Fee was incorrectly disclosed but cure was made. | Reviewer Comment (2021-12-08): Sufficient Cure Provided At Closing |
12/08/2021 | 1 | A | TX | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294121 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Fees increased from [redacted] to [redacted] without a valid change of circumstance. [redacted] cure was made but is insufficient. Change of Circumstance for appraisal increase to [redacted] is not dated. Lender to make additional cure of[redacted] to borrower. | Reviewer Comment (2021-12-07): Cured on Final CD |
12/07/2021 | 2 | B | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294122 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | Higher priced loan. | 2 | B | TX | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294123 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. | Page 4 of the final CD shows there will be an escrow account page 1 does not show anything is escrowed. | Reviewer Comment (2022-02-02): PC CD Seller Comment (2022-02-02): Disagree - PCCD and LOX uploaded |
02/02/2022 | 2 | B | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294123 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on[redacted] incorrectly disclosed whether the loan will have an escrow account. | Page 4 of the final CD shows there will be an escrow account page 1 does not show anything is escrowed. | Reviewer Comment (2022-02-02): PC CD Seller Comment (2022-02-02): Disagree - PCCD and LOX uploaded |
02/02/2022 | 2 | B | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294123 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus 10% or[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Borrower was not provided a COC | Reviewer Comment (2021-12-08): Sufficient Cure Provided At Closing |
12/08/2021 | 1 | A | CA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294123 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Borrower was not provided a COC | Reviewer Comment (2021-12-08): Sufficient Cure Provided At Closing |
12/08/2021 | 1 | A | CA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294123 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [redacted]exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Borrower was not provided a COC | Reviewer Comment (2021-12-08): Sufficient Cure Provided At Closing |
12/08/2021 | 1 | A | CA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294123 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. | The calculated property costs including HOI, taxes, and HOA dues are [redacted], the lender is showing [redacted] on the final CD. | Reviewer Comment (2022-02-02): PC CD Seller Comment (2022-02-02): Disagree - HOA corrected to [redacted] per Appraisal - all other costs (HOI and property taxes) are accurate - PCCD and LOX uploaded |
02/02/2022 | 2 | B | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294123 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2022-02-14): Received, Clearing. |
02/14/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294123 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The preliminary title provided shows the policy amount as [redacted] and not the updated [redacted] | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): Disagree - uploaded title policy with coverage amount |
02/14/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294123 | Credit | Title | General | Title | Final Title Policy Coverage is less than Original Loan Amount. | The preliminary title provided shows the policy amount as [redacted] and not the updated [redacted]. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): Disagree - uploaded title policy with coverage amount |
02/14/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294124 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. | Page 4 of final CD shows there will be an escrow account but this was in error. Lender to provide corrected CD. | Reviewer Comment (2022-02-02): PC CD Seller Comment (2022-02-02): Disagree - PCCD and LOX uploaded |
02/02/2022 | 2 | B | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294124 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Contact Information - Lender | TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on[redacted] did not disclose the required Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). | Lender to provide corrected CD with NMLS of lender contact. | Reviewer Comment (2022-02-02): Received, Clearing. Seller Comment (2022-02-02): Disagree - NMLS lender info is on final cd |
02/02/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294124 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow - Monthly Escrow Payment Underdisclosed | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] did not disclose the Monthly Escrow Payment. | Page 4 of final CD shows there will be an escrow account but this was in error. Lender to provide corrected CD. | Reviewer Comment (2022-02-02): Received, Clearing. Buyer Comment (2022-02-02): DISAGREE - no escrow account established |
02/02/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294124 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. | Page 4 of final CD shows there will be an escrow account but this was in error. Lender to provide corrected CD. | Reviewer Comment (2022-02-02): PC CD Seller Comment (2022-02-02): Disagree - LOX and PCCD uploaded |
02/02/2022 | 2 | B | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294124 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. | Page 4 of final CD shows there will be an escrow account but this was in error. Lender to provide corrected CD. | Reviewer Comment (2022-02-02): PC CD Seller Comment (2022-02-02): Disagree - LOX and PCCD uploaded |
02/02/2022 | 2 | B | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294124 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted] | Lender to provide proof of undiscounted rate. | Reviewer Comment (2022-02-02): Received, Clearing. Seller Comment (2022-02-02): DISAGREE - Lock extended for 8 days at a cost of [redacted] on closing date of [redacted] |
02/02/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294126 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - Missing Signature on Affiliated Business Arrangement Disclosure | RESPA Disclosure Rule: Creditor did not obtain signature on Affiliated Business Arrangement Disclosure. | 2 | B | NV | Primary | Purchase | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||||||||
| 436294126 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | 2 | B | NV | Primary | Purchase | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||||||
| 436294126 | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | Reviewer Comment (2022-02-02): Received, Clearing. Seller Comment (2022-02-02): Finding = Missing VOM - Credit report reflects over 12 months satisfactory history |
02/02/2022 | 1 | A | NV | Primary | Purchase | C | B | C | A | C | B | C | A | Non QM | Non QM | No | |||||||||||||||
| 436294126 | Property | Property - Appraisal | Appraisal Data Integrity | Property - Appraisal | Appraiser's license or certification was not active at the time of the appraisal. | - | Reviewer Comment (2022-02-02): Received, Clearing. Seller Comment (2022-02-02): Finding = Appraisers License invalid - Search of ASC shows appraiser's license was never expired and was renewed without any delay. |
02/02/2022 | 1 | A | NV | Primary | Purchase | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||||||
| 436294126 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted] ). | Calculated Finance Charge exceeds disclosed Finance Charge by more than [redacted] | Reviewer Comment (2022-02-04): Final CD Seller Comment (2022-02-04): The difference was caused by closing being moved, per diem changed which moved the finance charge vs the CD prior. Finance charge is correct on Final CD (attached) |
02/04/2022 | 2 | B | NV | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||
| 436294126 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2021-12-13): Sufficient Cure Provided At Closing |
12/13/2021 | 1 | A | NV | Primary | Purchase | Final CD evidences Cure | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | |||||||||||||
| 436294129 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Miscellaneous. Fee Amount of [redacted] exceeds tolerance of [redacted] . Insufficient or no cure was provided to the borrower. | Miscellaneous Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, cure provided at closing. | Reviewer Comment (2022-02-03): Received, Clearing. Seller Comment (2022-02-02): Disagree - Borrower shopped title as accurately indicated on CD - listed fees in section C including [redacted] Miscellaneous reflect as Prelim CD provided by Title Company |
02/03/2022 | 1 | A | CA | Primary | Refinance - Limited Cash-out GSE | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294130 | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | - | The appraisal was not in the name of the lender. HPML/[redacted] requires correct lender to be identified. Provide a revised appraisal correcting the client. | 2 | B | CO | Primary | Purchase | B | B | A | A | B | B | B | B | Non QM | Non QM | No | |||||||||||||||
| 436294130 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): [redacted] requirements not satisfied. | 2 | B | CO | Primary | Purchase | B | B | A | A | B | B | B | B | Non QM | Non QM | No | ||||||||||||||||
| 436294131 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Appraisal provided electronically on [redacted] , after the initial report dated [redacted] but before the updated appraisal dated [redacted] . | 2 | B | ID | Investment | Refinance - Rate/Term | B | B | B | B | B | B | A | A | N/A | N/A | No | |||||||||||||||
| 436294131 | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. | 2 | B | ID | Investment | Refinance - Rate/Term | B | B | B | B | B | B | A | A | N/A | N/A | No | |||||||||||||||||
| 436294133 | Compliance | Compliance | Federal Compliance | Missing Disclosure | Notice of Special Flood Hazard Disclosure Not Provided Timely | FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. | Flood cert was determined within 3 days of application.SFHD was not provided until closing. | 2 | B | FL | Second Home | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294133 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted] . | change circumstance for decrease in credit not provided. | Reviewer Comment (2022-02-03): Received, Clearing. Seller Comment (2022-02-03): Disagree - Due to Exceptional Approval at a cost of [redacted] to borrower, removed Lender Credit and Discount Points added to reflect |
02/03/2022 | 1 | A | FL | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294133 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [redacted] exceeds tolerance of [redacted] . Insufficient or no cure was provided to the borrower. | Change circumstance not provided. Cure insufficient to cover increase in fees. | Reviewer Comment (2022-02-03): Received, Clearing. Seller Comment (2022-02-03): Disagree - Due to Exceptional Approval at a cost of [redacted] to borrower, removed Lender Credit and Discount Points added to reflect. See attached COC CD and Exceptional Approval. |
02/03/2022 | 1 | A | FL | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294133 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] . Insufficient or no cure was provided to the borrower. | Cure insufficient to cover increase in fees. | Reviewer Comment (2022-02-03): Final CD Seller Comment (2022-02-03): Disagree - Tolerance Cure of [redacted] was issued on Final CD attached |
02/03/2022 | 2 | B | FL | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294135 | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | The initial loan application was missing from the loan file. | 2 | B | CA | Primary | Refinance - Cash-out - Home Improvement | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436294135 | Compliance | Compliance | Federal Compliance | TRID | TRID Appraisal Disclosure - ECOA Timing | ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. | The file does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. | 2 | B | CA | Primary | Refinance - Cash-out - Home Improvement | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 436294135 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | The creditor did not provide List of Homeownership Counseling Organizations to borrower. | 2 | B | CA | Primary | Refinance - Cash-out - Home Improvement | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294135 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. | The Loan Estimate was not delivered or placed in the mail to Borrower(s) within three (3) business days of application. | Reviewer Comment (2022-02-03): Received, Clearing. Seller Comment (2022-02-02): Disagree - Initial Disclosures issued [redacted] and signed by borrower same day - application date provided on applications [redacted]. |
02/03/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Home Improvement | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294136 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Lender to provide post disaster inspection. | Reviewer Comment (2022-02-02): Received, Clearing. Seller Comment (2022-02-02): Exception approved. Finding stated missing inspection after FEMA disaster. Inspection provided. |
02/02/2022 | 1 | A | NY | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294136 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Financed Points and Fees) | Truth in Lending Act (HOEPA): Mortgage loan financed Points and Fees. | Mortgage loan financed Points and Fees. | Reviewer Comment (2022-02-09): HOEPA Cure documentation provided. Loan is no longer high-cost. |
02/09/2022 | 1 | A | NY | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294136 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (2015 Counseling Requirement) | Truth in Lending Act (HOEPA): Pre-loan counseling requirements not met. | Lender to provide proof of when this disclosure was given to the borrowers. | Reviewer Comment (2022-02-09): HOEPA Cure documentation provided. Loan is no longer high-cost. |
02/09/2022 | 1 | A | NY | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294136 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted] ). | Issue is "sales tax" in sect C of CD for [redacted] . Lender to provide corrected fee showing this as a title fee. | Reviewer Comment (2022-02-09): PC CD Seller Comment (2022-02-04): Fee refunded in the attached |
02/09/2022 | 2 | B | NY | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294136 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Loan Discount Points. Fee Amount of [redacted] exceeds tolerance of [redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Fee was out of tolerance with sufficient cure. | Reviewer Comment (2021-12-09): Sufficient Cure Provided At Closing |
12/09/2021 | 1 | A | NY | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294136 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Title - Service Charges. Fee Amount of [redacted] exceeds tolerance of [redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Fee was out of tolerance with sufficient cure. | Reviewer Comment (2021-12-09): Sufficient Cure Provided At Closing |
12/09/2021 | 1 | A | NY | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294136 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Title - Services Sales Tax. Fee Amount of [redacted] exceeds tolerance of [redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Fee was out of tolerance with sufficient cure. | Reviewer Comment (2021-12-09): Sufficient Cure Provided At Closing |
12/09/2021 | 1 | A | NY | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294136 | Compliance | Compliance | Federal Compliance | Federal Defect | (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) | Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of [redacted] is in excess of the allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees of [redacted] on a Federal Total Loan Amount of [redacted] vs. an allowable total of [redacted] (an overage of [redacted] or .[redacted] ). Non-Compliant High Cost Loan. | Points and Fees on subject loan of [redacted] is in excess of the allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees of [redacted] on a Federal Total Loan Amount of [redacted] vs. an allowable total of [redacted] | Reviewer Comment (2022-02-09): Cure documentation provided within [redacted] days of discovery. Seller Comment (2022-02-09): Choice letter signed by borrowers Reviewer Comment (2022-02-07): In terms of[redacted], TILA specifically outlines how these loans may be cured under[redacted]). The two choices for the consumer are to either (1) accept a refund which will remove the loan from high-cost status or (2) keep the loan as high-cost (with no refund) and have the lender cure each of the prohibited practice violations so that in the end, the loan will be a compliant HOEPA loan. While most consumers will likely opt to choose the refund route for curing, that decision cannot be made unilaterally by lender - the consumer must be given the choice under the regulation. We've seen this done I the past through a "Borrower Choice Letter" (this is not promulgated by the rule so each lender would make their own) which provides for two checkboxes and asking the consumer to choose which option they wish to proceed with. While the lender cannot choose or steer the consumer into one option or the other, there is nothing that prevents the lender from explaining the benefits of either option. If lender is concerned about the consumer not responding back, they could provide a certain amount of time for consumer to respond and advise consumer if they do not hear from them by x date, they will proceed with the refund option. You will note from the regulation below that the cure window is only available 60 days from discovery. Given the discovery date is [redacted], [redacted]days would end today. Given the cure has been started, I would be willing to accept the "choice letter" referred to above past today although it should be obtained from borrower as soon as reasonably possible. The lender will need to decide how to word the letter in terms of the choice seeing how they already provided the refund. In the unlikely event the borrower chooses to keep the loan as high-cost and have the lender cure each of the prohibited practice violations, the refund made will have no bearing on the cure. Seller Comment (2022-02-04): Refund issued to clear the High Cost overage |
02/09/2022 | 2 | B | NY | Primary | Refinance - Cash-out - Other | (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294136 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (HOEPA Disclosure Not Provided) | Truth in Lending Act (HOEPA): HOEPA disclosure was not provided to the Borrower | Lender to provide proof of when this was provided to the borrower. | Reviewer Comment (2022-02-09): HOEPA Cure documentation provided. Loan is no longer high-cost. |
02/09/2022 | 1 | A | NY | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294137 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-12): Highlighted line item on matrix showing the loan meets guidelines with FICO [redacted]+/Max LTV [redacted] for purchase or rate/term refi loans/Max LTV [redacted] for Cash Out refi loans/Max loan amount of [redacted] Reviewer Comment (2022-02-02): Where are you seeing[redacted] allowed for less than a [redacted] credit score? Seller Comment (2022-02-02): Disagree - Per guidelines the loan can go up to [redacted] with [redacted] score, less than [redacted] DTI for a [redacted] loan amount - Meets guidelines |
02/14/2022 | 1 | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016629 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Reviewer Comment (2022-03-03): Received, Clearing. Seller Comment (2022-03-03): Please see the attached to clear audit |
03/03/2022 | 1 | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||||||
| 437016629 | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): Finding is for verification of rent (VOR) Verification is needed and not found in file - see attached [redacted] month statements |
02/14/2022 | 1 | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||||||
| 437016629 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity in Occupancy - Not High Cost and Not Higher Priced | The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). | 2 | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||||
| 436294138 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted] . | The lender credit decreased from [redacted] on the [redacted] LE to [redacted] on the final [redacted] CD. | Reviewer Comment (2021-12-07): Cured on the final CD. |
12/07/2021 | 2 | B | CA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294198 | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | The initial 1003 was not found in the file. | Reviewer Comment (2022-02-04): Received, Clearing. Seller Comment (2022-02-04): Exception approved. |
02/04/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294198 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | [redacted] Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted] , or [redacted] . Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted] , or [redacted] . Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2022-02-03): Received, Clearing. Reviewer Comment (2022-02-03): Non- compliant due to file does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [redacted] days of the loan application date. Buyer Comment (2022-02-03): Disagree - NonQM not required to pass HPML testing |
02/03/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294198 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Loan Estimate Timing | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. | The initial application was not found in the file and the assumed application date was set to [redacted] , the initial Loan Estimate was issued on [redacted] . | Reviewer Comment (2022-02-03): Received, Clearing. Seller Comment (2022-02-03): Disagree - Borrower received/signed Appraisal Disclosure on same day as application dated of [redacted] |
02/03/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 436294198 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Title - Loan Tie-In Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] . Sufficient or excess cure was provided to the borrower at Closing. | The Title Loan Tie in fee was added to the final CD and a SSPL was not provided. The final CD contains a [redacted] lender credit that covered the cost of the increase. | Reviewer Comment (2021-12-09): Sufficient Cure Provided At Closing |
12/09/2021 | 1 | A | CA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294198 | Compliance | Compliance | Federal Compliance | TRID | TRID Appraisal Disclosure - ECOA Timing | ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. | The initial application was not provided and the assumed application date is [redacted] . The initial Loan Estimate was issued on [redacted] . | Reviewer Comment (2022-02-03): Received, Clearing. |
02/03/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||
| 436294198 | Compliance | Compliance | Federal Compliance | TRID | TRID Appraisal Disclosure - HPML Timing | HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. | The initial application was not provided and the assumed application date is [redacted] . The initial Loan Estimate was issued on [redacted] . | Reviewer Comment (2022-02-03): Received, Clearing. Seller Comment (2022-02-03): Disagree - Borrower received/signed Appraisal Disclosure on same day as application dated of [redacted] |
02/03/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294198 | Compliance | Compliance | Federal Compliance | Missing Application Date | Missing Initial Loan Application Test | No evidence of application date located in file. Compliance tests were run using an application date of [redacted] which is 1 months prior to consummation. A lookback was performed to determine this application date. | Reviewer Comment (2022-02-04): Received, Clearing. |
02/04/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294198 | Compliance | Compliance | Federal Compliance | TILA | NMLS - Missing Evidence of Initial Loan Application Date | Truth in Lending Act (NMLSR Dodd- Frank 2014): Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date. | Reviewer Comment (2022-02-03): Received, Clearing. Seller Comment (2022-02-03): Disagree - Borrower received/signed Appraisal Disclosure on same day as application dated of [redacted] |
02/03/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294198 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application | Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. | The initial application was not provided. | Reviewer Comment (2022-02-04): Received, Clearing. |
02/04/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294200 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Divorce Decree / Child Support not provided | Lender to provide copy of child support decree. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): See attached, liability was assessed at time of underwriting |
02/14/2022 | 1 | A | CT | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294200 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Fee was out of tolerance with sufficient cure. | Reviewer Comment (2021-12-13): Sufficient Cure Provided At Closing |
12/13/2021 | 1 | A | CT | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294206 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Fee was out of tolerance with sufficient cure. | Reviewer Comment (2021-12-13): Sufficient Cure Provided At Closing |
12/13/2021 | 1 | A | CA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294199 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Title Error: Title vesting does not concur with deed | Preliminary title only references the borrower as sole ownership, lender to provide final title with correct vesting with non-borrowing spouse. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): See attached corrective endorsement |
02/14/2022 | 1 | A | FL | Primary | Purchase | C | B | C | A | B | B | B | B | Non QM | Non QM | No | ||||||||||||||
| 436294199 | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | - | The appraisal was not in the name of the lender. HPML/[redacted] requires correct lender to be identified. Provide a revised appraisal correcting the client. | 2 | B | FL | Primary | Purchase | C | B | C | A | B | B | B | B | Non QM | Non QM | No | |||||||||||||||
| 436294199 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): [redacted] requirements not satisfied. | 2 | B | FL | Primary | Purchase | C | B | C | A | B | B | B | B | Non QM | Non QM | No | ||||||||||||||||
| 436294205 | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | Reviewer Comment (2022-02-04): Received, Clearing. Buyer Comment (2022-02-04): Initial 1003 in the disclosure package uploaded to [redacted] |
02/04/2022 | 1 | A | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294205 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. | The final CD shows non escrowed property costs of [redacted] , the 1004 shows the yearly HOA dues as [redacted] . | Reviewer Comment (2022-02-04): PC CD Seller Comment (2022-02-04): PCCD and LOX for the Non Escrowed Property Costs over[redacted] |
02/04/2022 | 2 | B | TX | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294205 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Loan Estimate Seven Day Waiting Period | TILA-RESPA Integrated Disclosure: Loan Estimate was not delivered or placed in the mail to the borrower at least seven (7) business days prior to closing. | The application date shown on the final CD is [redacted] and a Loan Estimate was not issued until [redacted] . There is CIC dated [redacted] and it appears the initial LE is missing. | Reviewer Comment (2022-02-04): Received, Clearing. Buyer Comment (2022-02-04): Initial disclosures uploaded to condition [redacted] |
02/04/2022 | 1 | A | TX | Primary | Purchase | No Defined Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 436294205 | Compliance | Compliance | Federal Compliance | TRID | TRID Appraisal Disclosure - ECOA Timing | ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. | The initial application was missing however, the approval and finale 1003 reflect the application date of [redacted] . | Reviewer Comment (2022-02-04): Received, Clearing. |
02/04/2022 | 1 | A | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| 436294205 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | [redacted] Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted] or [redacted] Non-Compliant Higher Priced Mortgage Loan. | The APR on the subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted] , or [redacted] . | Reviewer Comment (2022-02-04): Received, Clearing. Buyer Comment (2022-02-04): All docs were provided in initial upload. Uploaded to condition [redacted] again Reviewer Comment (2022-02-03): Non- compliant due to file does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [redacted] days of the loan application date. Buyer Comment (2022-02-03): Disagree - NonQM not required to pass HPML testing |
02/04/2022 | 1 | A | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294205 | Compliance | Compliance | Federal Compliance | TRID | TRID Appraisal Disclosure - HPML Timing | HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. | The initial application was missing however, the approval and finale 1003 reflect the application date of [redacted] . | Reviewer Comment (2022-02-04): Received, Clearing. Seller Comment (2022-02-04): Initial disclosure package |
02/04/2022 | 1 | A | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294205 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. | The application date shown on the final CD is [redacted] and a Loan Estimate was not issued until [redacted] . There is CIC dated [redacted] and it appears the initial LE is missing. | Reviewer Comment (2022-02-04): Received, Clearing. Seller Comment (2022-02-04): Initial disclosure package was included in original upload. Attached again |
02/04/2022 | 1 | A | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294205 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | The Homeownership Counseling list was not provided. | Reviewer Comment (2022-02-04): Received, Clearing. Seller Comment (2022-02-04): Initial disclosures were provided with original upload. Attached again |
02/04/2022 | 1 | A | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294205 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Title - Insurance Binder Fee. Fee Amount of [redacted] exceeds tolerance of[redacted] Insufficient or no cure was provided to the borrower. | The title insurance binder fee was added to the final CD and a change in circumstance or lender credit was not provided for the increase. | Reviewer Comment (2022-02-04): Received, Clearing. Seller Comment (2022-02-04): Borrower shopped fee, no tolerance testing |
02/04/2022 | 1 | A | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294207 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Unable to verify full amount of reserves due to blurry second page. Will need October 2021 statement (all pages) for acct. ending in [redacted] . | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): Transaction history showed a pending deposit - attached statement shows[redacted]deposit applied available balance of[redacted] is[redacted]- wire of[redacted] - closing statement to match. Available balance [redacted] in same cHase account Retirement account [redacted] Four months reserves required: [redacted] |
02/14/2022 | 1 | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294207 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Reviewer Comment (2022-02-14): Received, Clearing. |
02/14/2022 | 1 | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294118 | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | - | Lender to provide appraisal with correct lender name or appraisal assignment letter. | 2 | B | GA | Primary | Purchase | C | B | C | A | C | A | B | B | Non QM | Non QM | No | |||||||||||||||
| 436294118 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Contact Information - Lender | TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on [redacted] did not disclose the required Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). | Unable to verify due to missing supporting documentation | Reviewer Comment (2022-02-02): Received, Clearing. Seller Comment (2022-02-02): Disagree - NMLS was disclosed on final cd, |
02/02/2022 | 1 | A | GA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | A | B | B | Non QM | Non QM | Yes | ||||||||||||
| 436294118 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Minimum credit score for FTHB is [redacted] . | Reviewer Comment (2022-02-02): Received, Clearing. Seller Comment (2022-02-02): Invalid: "Borrower's who have [redacted] months rental history documented with cancelled or bank statement activity are NOT subject to FTHB restrictions. Therefore the minimum credit score allowed for this primary purchase at [redacted] LTV is [redacted]. The file contains [redacted]s canceled checks and/or bank statements to support rental income. |
02/02/2022 | 1 | A | GA | Primary | Purchase | C | B | C | A | C | A | B | B | Non QM | Non QM | No | ||||||||||||||
| 436294210 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted] . | Valid exception, Final Lender Credit of [redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted] | Reviewer Comment (2021-12-14): Cured on Final CD |
12/14/2021 | 2 | B | OR | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294210 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] . Insufficient or no cure was provided to the borrower. | Valid exception, the is no cure nor a valid change of circumstance for the increase in the Appraisal fee. | Reviewer Comment (2021-12-14): Cured on Final CD |
12/14/2021 | 2 | B | OR | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016630 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [Redacted] not accurate. | Annual HOA dues are [redacted], disclosed incorrectly on CD. Lender to provide corrected CD. | Reviewer Comment (2022-02-04): PC CD Seller Comment (2022-02-04): LOX and PCCD |
02/04/2022 | 2 | B | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016630 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [Redacted], prior to three (3) business days from transaction date of [Redacted]. | Closing date [redacted] per CD, signed [redacted], RTC signed [redacted]. Corrected CD required to clear exception. | Reviewer Comment (2022-02-09): Received, Clearing. Seller Comment (2022-02-09): Disagree - PCCD from [redacted] indicates updated closing and disbursement dates, RTC docs with adjustments made during signing and confirmation of disbursement date |
02/09/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016630 | Credit | Title | General | Title | Final Title Policy Coverage is less than Original Loan Amount. | Lender to provide final title showing sufficient coverage. | Reviewer Comment (2022-02-07): provided with TDs Seller Comment (2022-02-07): Disagree - final title policy uploaded |
02/07/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016630 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Lender to provide final title showing sufficient coverage. | Reviewer Comment (2022-02-07): provided with tds |
02/07/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016630 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Lender to provide final title showing sufficient coverage. | Reviewer Comment (2022-02-07): Provided with TDs |
02/07/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016630 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Originator Compensation. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Originator compensation was not originally disclosed on loan. | Reviewer Comment (2022-03-28): [redacted] received LOE/COC for [redacted]. Seller Comment (2022-03-25): Curable, should be no cost to Arc. The rate lock on [redacted] flips to loan to BPC. Appraised value comes in higher and other revision to price (lender credit) was effected on [redacted]. On [redacted] however, the loan amount was increased to [redacted] from [redacted], thereby increasing the broker comp. A COC CD was issued on [redacted] reflecting the loan amount increase and the corresponding increase to the BPC. Copy of the revised CD is included and screenshots reflected below to evidence notes on increase and delivery of revised CD on [redacted] Reviewer Comment (2022-02-28): [redacted] received COC dated [redacted]; however, Loan Originator Compensation increased on CD dated [redacted]. The provided COC is not within 3 business days from the CD. Hence, please provide a valid COC or cure documents with corrected CD, LOE, copy of refund check and proof of mailing. Seller Comment (2022-02-25): Disagree - COC docs uploaded Reviewer Comment (2022-02-09): [redacted]- COC showing loan amount increased is missing the date of change. Please provide a valid COC with change of date. Exception remains. Seller Comment (2022-02-08): Disagree - Loan amount increase caused increase to compensation. Originally lender paid compensation, updated to borrower paid with decrease in percentage. |
03/28/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294132 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Contact Information - Lender | TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on [redacted] did not disclose the required Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). | Contact Information: Final Closing Disclosure provided on [redacted] did not disclose the required Lender Contact NMLS ID | Reviewer Comment (2022-02-02): Received, Clearing. Seller Comment (2022-02-02): Disagree - Lender Contact info on CD is accurately issued |
02/02/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294141 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Background Check not provided | Reviewer Comment (2022-01-31): Received, Clearing. Seller Comment (2022-01-31): Exception approved; Please find attached the credit report for B2 [redacted] |
01/31/2022 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294141 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Reviewer Comment (2022-01-31): Received, Clearing. Seller Comment (2022-01-31): Exception approved; Please find attached Data Verify report with OFAC reporting. |
01/31/2022 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294147 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): See attached disaster relief report dated after[redacted] |
02/14/2022 | 1 | A | NY | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294147 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Background Check not provided | Reviewer Comment (2022-02-14): Received, Clearing. Buyer Comment (2022-02-13): "Background Check not provided." Is not a condition for any [redacted]products, Per XXX ACCESS Guidelines. Please remove, or obtain more clarification on finding. |
02/14/2022 | 1 | A | NY | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294147 | Credit | Missing Document | General | Missing Document | Missing Document: 1007 Rent Comparison Schedule not provided | Reviewer Comment (2022-01-26): Received, Clearing. Seller Comment (2022-01-26): Exception approved |
01/26/2022 | 1 | A | NY | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294150 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): See attached disaster relief report dated after[redacted] |
02/14/2022 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294154 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The property is located in [redacted] County. Provide a post-disaster inspection verifying there was no damage from XXXXXXXXX XXX. The inspection must include exterior photos and the property must be re-inspected on or after [redacted] . | Reviewer Comment (2022-02-04): Received, Clearing. |
02/04/2022 | 1 | A | NY | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294154 | Credit | Guideline | Guideline Issue | Guideline | Aged document: Primary Valuation is older than guidelines permit | - | A new appraisal or updated value is required. Cert of completion provided doesn't indicate an update in the value. | Reviewer Comment (2022-02-04): Received, Clearing. Seller Comment (2022-02-04): Exception disapproved. For Subject Property [redacted] per FEMA Disaster List, regarding Remnants of [redacted] Loans will fund with inspection dated after September 2. Property was re-inspected by Appraiser[redacted], doc uploaded[redacted], at which time findings were marked "SUBJECT TO" : "…the removal of air bubbles, dampness, and mold along the basement walls...appeared to have sustained damage from [redacted]." This would require a re-inspection to certify that repairs had been completed . The 1004-D Completion Report certifying required improvements were completed was inspected/signed [redacted], and uploaded to eDocs [redacted], prior to closing. |
02/04/2022 | 1 | A | NY | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||
| 436294117 | Credit | Guideline | Guideline Issue | Guideline | Funds From Business Account used, and borrower owns less than 100% of business. | Missing documentation to support the borrower as the majority owner (at least [redacted] owner) or the controlling manager/administrator of the business account as evidence by the firm's operating agreement, CPA letter, or equivalent. | Reviewer Comment (2022-02-02): Received, Clearing. Seller Comment (2022-02-02): Disagree - Documents including, CPA letter stating funds can be used from[redacted], 3 months statements reflecting sufficient funds to close and the Operating Agreement showing [redacted] ownership can be located in the file. |
02/02/2022 | 1 | A | NY | Investment | Refinance - Rate/Term | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294119 | Credit | Guideline | Guideline Issue | Guideline | Verification of housing pay history is required. | Lender exception provided for housing payment history as could not locate [redacted] rent checks. Lender approved exception on [redacted] with the following comp factors: Stated borrower owns other properties vesting in a LLC. |
Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
Owner Owner |
Reviewer Comment (2022-01-31): Exception provided. Seller Comment (2022-01-31): Exception approved; Attached exception for pay history;[redacted] |
01/31/2022 | 2 | B | NJ | Investment | Purchase | C | B | C | B | A | A | No | ||||||||||||||||
| 436294119 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | EIN Missing for Key [redacted] . | Reviewer Comment (2022-02-07): Received, Clearing. Seller Comment (2022-02-07): Exception approved. |
02/07/2022 | 1 | A | NJ | Investment | Purchase | C | B | C | B | A | A | No | ||||||||||||||||||
| 436294128 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The property is located in [redacted] County. Provide a post-disaster inspection verifying there was no damage from Wildfires. The inspection must include exterior photos and the property must be re-inspected on or after [redacted] . | Reviewer Comment (2021-12-22): Received, Clearing. |
12/22/2021 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294201 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Assignment of Leases/Rents not provided | Reviewer Comment (2022-01-27): Received, Clearing. Seller Comment (2022-01-27): Exception approved, [redacted]-Rent Schedule and Rental Lease provided on[redacted] |
01/27/2022 | 1 | A | SC | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294201 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Background Check not provided | Reviewer Comment (2022-01-27): Received, Clearing. Buyer Comment (2022-01-27): Exception disagree, [redacted] The background check, fraud report and credit report are present in the file. |
01/27/2022 | 1 | A | SC | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294201 | Credit | Investment Product | General Exception | Investment Product | Security Instrument Error: Assignment of Leases/Rents is not in the file and required by guidelines | - | Reviewer Comment (2022-01-27): Received, Clearing. Seller Comment (2022-01-27): Exception approved, [redacted]-Rent Schedule and Rental Lease provided on [redacted] |
01/27/2022 | 1 | A | SC | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294201 | Credit | Insurance | Insurance Documentation | Insurance | Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. | Reviewer Comment (2022-01-27): Received, Clearing. Seller Comment (2022-01-27): Exception approved,[redacted] -Rental Loss Insurance provided on [redacted] |
01/27/2022 | 1 | A | SC | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294202 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Investor guidelines allow the use of business funds if the loan file contained a CPA letter, loan file did not contain this document | Reviewer Comment (2022-01-27): Received, Clearing. Seller Comment (2022-01-27): Exception approved, [redacted]-CPA Letter provided on [redacted] |
01/27/2022 | 1 | A | NY | Investment | Purchase | D | A | D | A | A | A | No | ||||||||||||||||||
| 437016632 | Credit | Credit | Credit Eligibility | Credit | Unacceptable credit - late payments 1X30 or greater within the last 12 months. | Lender exception approval provided for mortgage late March 2021. Stated it was due to auto pay error. Comp factors: 12 months reserves Prior to mortgage late has 0x30 from 2013 up to March 2021 |
The representative FICO score exceeds the guideline minimum by at least 40 points. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
Owner Owner Owner |
Reviewer Comment (2022-02-22): Exception from [redacted] provided. Seller Comment (2022-02-22): internal exception approval process which now goes through a database showing the approved status Reviewer Comment (2022-02-17): Exception provided isn't signed or approved. Seller Comment (2022-02-16): Hello, please review the attached for clearance. Updated exception attached to remove finding. |
02/22/2022 | 2 | B | CT | Investment | Purchase | C | B | C | B | A | A | No | ||||||||||||||||
| 436294127 | Credit | Insurance | Insurance Documentation | Insurance | Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. | Reviewer Comment (2022-02-02): Received, Clearing. Seller Comment (2022-02-02): Disagree - file contained HOI with Loss of Use Rent loss coverage for all investment properties, including the subject |
02/02/2022 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294127 | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Rent schedule is missing on lease property | - | Reviewer Comment (2022-01-27): Received, Clearing. Seller Comment (2022-01-27): Exception approved, [redacted]-Rent Schedule provided on [redacted] |
01/27/2022 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294153 | Credit | Credit | Credit Documentation | Credit | The appraisal does not contain rental analysis and thus casts doubt on the business purpose of the loan. | Reviewer Comment (2022-02-14): Received, Clearing. |
02/14/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||||
| 436294153 | Credit | Insurance | Insurance Documentation | Insurance | Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. | Reviewer Comment (2022-02-01): Received, Clearing. Seller Comment (2022-02-01): Disagree - a Refi Transaction and Current lease in file, complies with guidelines as stated. Rent Loss Coverage not clearly expressed in guidelines as needed for Refinance with current lease in file. |
02/01/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||||
| 436294153 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | 2 | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | ||||||||||||||||||||
| 436294153 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reviewer Comment (2022-02-01): Received, Clearing. Seller Comment (2022-02-01): Disagree - Assets from Mutual Funds available, documented, and not required to be liquidated to be used for reserves |
02/01/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||||
| 436294153 | Credit | Missing Document | General | Missing Document | Missing Document: 1007 Rent Comparison Schedule not provided | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): Please see page[redacted] for market rent. Will this satisfy |
02/14/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||||
| 436294153 | Credit | Missing Document | General | Missing Document | Missing Document: Cash-Out Utilization not provided | Reviewer Comment (2022-02-01): Received, Clearing. Seller Comment (2022-02-01): Disagree - CASH OUT LETTER S&D by B1[redacted] uploaded to file [redacted], unexpired and in file at time of PDQC and closing |
02/01/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||||
| 436294153 | Credit | Credit | Credit Documentation | Credit | There is no lease in place for the subject property and the absence of this document casts doubt on business purpose of loan. | Reviewer Comment (2022-02-01): Received, Clearing. Seller Comment (2022-02-01): Disagree -[redacted] Mkt Rent[redacted] listed on Appraisal p3, Details of Income Approach uploaded and sufficient per guidelines |
02/01/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||||
| 437016637 | Credit | Missing Document | General | Missing Document | Missing Document: Official Check not provided | Reviewer Comment (2022-02-14): Received, clearing. Seller Comment (2022-02-12): Attached is a copy of the borrower's bank statements showing a balance of [redacted]. Also attached is a copy of the final CD. The cash to close is [redacted]. If you add back in the [redacted] EMD the cash to close is [redacted]. The borrower still has plenty of funds to cover the EMD |
02/14/2022 | 1 | A | AL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016637 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | Reviewer Comment (2022-02-14): Received, clearing. Seller Comment (2022-02-11): Attached is the approval |
02/14/2022 | 1 | A | AL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016637 | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Incorrect Appraisal Form type: Appraisal Form 1073/465 used for incorrect Subject property type. | - ___ | 2 | B | AL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 437016637 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien | TRID Final Closing Disclosure [Redacted] on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) | No seller paid fees are listed on the final CD | Reviewer Comment (2022-03-11): [redacted] received Seller CD Seller Comment (2022-03-09): Seller CD Reviewer Comment (2022-02-14): Sellers CD is required to resolve this exception. Seller Comment (2022-02-14): Review: Please see attached final CD for both buyer & seller. Note, Arc's Retail Purchase CDs are only for our buyer, they will not have seller-paid fees. Sellers have their own CDs. The only time seller paid closing costs would appear is if sellers are paying fees on the borrowers' behalf. For purchases, we do not disclosed seller-paid items. |
03/11/2022 | 1 | A | AL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016637 | Compliance | Compliance | Federal Compliance | Missing Disclosure | Notice of Special Flood Hazard Disclosure Not Provided Timely | FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. | Updated documentation needed | 2 | B | AL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016637 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | Reviewer Comment (2022-01-25): provided Seller Comment (2022-01-25): Exception approved |
01/25/2022 | 1 | A | AL | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016641 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | Flood certificate is not in the file | Reviewer Comment (2022-02-02): Received, Clearing. Seller Comment (2022-02-02): Exception approved. Flood certificate was in the file. Attached is a copy |
02/02/2022 | 1 | A | TX | Primary | Refinance - Cash-out - Other | D | B | C | B | D | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016641 | Credit | Insurance | Insurance Analysis | Insurance | Hazard Insurance Policy expires within 90 days of the Note Date. | Hazard Insurance Policy Expiration Date ___, Note Date ___ | The hazard insurance policy must be effective for at least 60 days after the date of funding. | 2 | B | TX | Primary | Refinance - Cash-out - Other | D | B | C | B | D | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016641 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Business Narrative is missing page 2 with signature and date; [redacted] is missing in the file. | Reviewer Comment (2022-01-25): Received, Clearing. Seller Comment (2022-01-25): Exception approved |
01/25/2022 | 1 | A | TX | Primary | Refinance - Cash-out - Other | D | B | C | B | D | A | A | A | Non QM | Non QM | No | |||||||||||||
| 437016641 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | CPA letter, Third Party Verification, and [redacted] with signature and date are missing in the file. | Reviewer Comment (2022-02-14): Received, Clearing. |
02/14/2022 | 1 | A | TX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | B | C | B | D | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016641 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Bank Statements | Ability-to-Repay (Dodd-Frank 2014): Unable to verify current employment status using reasonably reliable third-party records. | CPA letter, Third Party Verification, and [redacted] with signature and date are missing in the file. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-12): Per guidelines, we do not need a CPA letter. The following are acceptable to verify the existence of the borrower's current employment status: Verification that the borrower's business is operational should be obtained within 10 days prior to closing. Acceptable documents are: Existence of the business from a regulatory agency Existence of the business from an applicable licensing bureau Verifying a phone listing and address for the borrower's business using a telephone book, the internet, or directory assistance. This must document the source of the information obtained and the name of the title of the employee who obtained the information. CPA letter" The business narrative with page 2 signed is attached |
02/14/2022 | 1 | A | TX | Primary | Refinance - Cash-out - Other | D | B | C | B | D | A | A | A | Non QM | Non QM | No | |||||||||||||
| 437016641 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | CPA letter, Third Party Verification, and [redacted]with signature and date are missing in the file. | Reviewer Comment (2022-02-14): Received, Clearing. |
02/14/2022 | 1 | A | TX | Primary | Refinance - Cash-out - Other | D | B | C | B | D | A | A | A | Non QM | Non QM | No | |||||||||||||
| 437016641 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) | Texas Constitution Section 50(a)(6): Acknowledgment of the Fair Market Value not properly executed by the Lender. | Acknowledgment of the Fair Market Value is not signed and dated by the lender. | Reviewer Comment (2022-03-16): Received, Clearing. Seller Comment (2022-03-16): Disagree - uploaded TX fair market doc |
03/16/2022 | 1 | A | TX | Primary | Refinance - Cash-out - Other | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents, (AFMV signed by the lender), and obtain an executed copy; OR (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | D | B | C | B | D | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016641 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Itemization of Points and Fees Not Provided) | Texas Constitution Section 50(a)(6): Final Itemized disclosure of fees, points, costs and charges not provided to borrower at least one (1) business day prior to closing. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): REVIEW: please see attached CD dated [redacted]. Loan closed [redacted] |
02/14/2022 | 1 | A | TX | Primary | Refinance - Cash-out - Other | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | D | B | C | B | D | A | A | A | Non QM | Non QM | Yes | |||||||||||||
| 436294208 | Compliance | Compliance | Federal Compliance | ATR/QM | Investment Property submitted as Non-QM / Exempt from ATR | Ability to Repay (Dodd-Frank 2014): Improper Originator Loan Designation. Investment property not subject to Ability to Repay requirements. | Ability to Repay (Dodd-Frank 2014): Improper Originator Loan Designation. Investment property not subject to Ability to Repay requirements. | 2 | B | FL | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | N/A | No | |||||||||||||||
| 437016631 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [Redacted] not accurate. | Reviewer Comment (2022-03-01): Property costs disclosed to borrower based on amounts from approval. Seller Comment (2022-02-25): PCCD and LOX, upload failed previously |
03/01/2022 | 1 | A | TX | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| 437016631 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Mortgage Broker Fee. Fee Amount of[redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | There is no valid change in circumstance for this fee change. | Reviewer Comment (2022-02-01): Final CD cure Reviewer Comment (2022-01-10): Initial Le reflected [redacted], several valid change of circumstance final CD reflected [redacted] |
02/01/2022 | 2 | B | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016631 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | There is no valid change in circumstance for this fee change. | Reviewer Comment (2022-02-01): Final CD Reviewer Comment (2022-01-10): Final CD reflected a cure of [redacted] |
02/01/2022 | 2 | B | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016631 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted]exceeds tolerance of[redacted] Sufficient or excess cure was provided to the borrower at Closing. | Final CD reflected a cure of [redacted] | Reviewer Comment (2022-01-10): Sufficient Cure Provided At Closing |
01/10/2022 | 1 | A | TX | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016631 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Policy Guarantee Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Loan file did not contain a valid change of circumstance | Reviewer Comment (2022-01-10): Sufficient Cure Provided At Closing |
01/10/2022 | 1 | A | TX | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016631 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] Sufficient or excess cure was provided to the borrower at Closing. | Loan file did not contain a valid change of circumstance | Reviewer Comment (2022-01-10): Sufficient Cure Provided At Closing |
01/10/2022 | 1 | A | TX | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294249 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Lender to provide final title cert. | Reviewer Comment (2022-01-26): Received, Clearing. Seller Comment (2022-01-26): Disagree - title report uploaded |
01/26/2022 | 1 | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294249 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. | Actual non escrowed costs are [redacted] ; lender to provide corrected CD. | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Disagree - attached HOA letter validates property owners pay an annual maintenance fee of [redacted] |
02/15/2022 | 1 | A | FL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016633 | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | The file was missing a VOM/VOR | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): REVIEW: Per UW " Findings are invalid. Mr Cooper payment history for the mortgage being paid off is provided in the file."- see attached |
02/14/2022 | 1 | A | CO | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016633 | Compliance | Compliance | State Compliance | Misc. State Level | Colorado Consumer Credit Code (First Lien Refinance Notice Not Provided) | Colorado Consumer Credit Code: Borrower not provided First Lien Refinance Notice. | The file was missing a First Lien Refinance Notice | 2 | B | CO | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016633 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Originator Compensation. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Fee tolerance exceeded for the Loan Originator compensation on CD | Reviewer Comment (2022-02-04): Received, Clearing. Seller Comment (2022-02-04): Disagree- COC was done on [redacted] properly disclosing the cure to the borrower due to the loan amount change |
02/04/2022 | 1 | A | CO | Primary | Refinance - Cash-out - Debt Consolidation | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294254 | Credit | Credit | Credit Documentation | Credit | No Housing History or Less Than 12 Months Verified. 6 Months reserves required per guidelines. Review data and set applicable exception. | Rent free and has no housing history as required for guidelines and provided lender exception approval with comp factor(s): Reserves of [redacted] months [redacted] years on the job FICO Residual Income |
The representative FICO score exceeds the guideline minimum by at least 40 points. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has worked in the same position for more than 3 years. Borrower has verified disposable income of at least $2500.00. Borrower has been employed in the same industry for more than 5 years. |
Owner Owner Owner Owner Owner Owner |
Reviewer Comment (2022-01-10): Exception provided. |
01/10/2022 | 2 | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 436294256 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted] . | Lender to provide evidence of undiscounted rate to clear this. | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Disagree - Final CD has the same Lender Credit of [redacted] as previously disclosed |
02/15/2022 | 1 | A | NY | Primary | Refinance - Limited Cash-out GSE | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294256 | Compliance | Compliance | Federal Compliance | Compliance | High Cost Indicator Test | Loan does not exceed any high cost thresholds, however, documentation indicating loan was originated as a high cost loan found in file. | [redacted] High Cost Home Loan Disclosures in file. | 2 | B | NY | Primary | Refinance - Limited Cash-out GSE | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016635 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Reviewer Comment (2022-02-02): Received, Clearing. Seller Comment (2022-02-02): Exception approved. |
02/02/2022 | 1 | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016635 | Credit | Credit | Miscellaneous | Credit | A copy of Income Verification Report is not on file. | Missing full [redacted] for Bank Statement Income. Lender exception approval provided for lack of documentation history. Stated borrowers old prior business doing with exact same line of work and have over [redacted] of experience. Received [redacted] bank statement and average income over over 12 months. Comp factors: Paid as agreed Payment shock -[redacted] Reserves [redacted] months FICO Low LTV |
Reviewer Comment (2022-02-01): Received, Clearing. Seller Comment (2022-02-01): Agree - exception was approved with averaging [redacted] months of income earned over a [redacted] months |
02/01/2022 | 1 | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016635 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2022-03-04): Received, Clearing. |
03/04/2022 | 1 | A | CA | Primary | Purchase | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016635 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2022-03-04): Received, Clearing. |
03/04/2022 | 1 | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 437016635 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO 25% Method | Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income (25% Method) using reasonably reliable third-party records. | missing verification of rental income | Reviewer Comment (2022-03-04): Received, Clearing. Seller Comment (2022-03-04): Exception approved. |
03/04/2022 | 1 | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 437016635 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The monthly statement confirms there were no escrows and the tax and insurance verification were missing from the loan file. | Reviewer Comment (2022-02-01): Received, Clearing. Seller Comment (2022-02-01): Disagree - statement with escrow included |
02/01/2022 | 1 | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294261 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Attorney Review Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] . Insufficient or no cure was provided to the borrower. | Attorney Appraisal Fee was disclosed on Final Closing Disclosure with no Loan Estimate. File does not contain a valid COC for this fee, cure provided at closing. | Reviewer Comment (2022-02-09): Received, Clearing. Seller Comment (2022-02-09): Disagree - Accurate Redisclosed COC CD issued [redacted] with details indicating Attorney Fee Required with additional[redacted] |
02/09/2022 | 1 | A | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294261 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Loan Discount Points. Fee Amount of [redacted] exceeds tolerance of [redacted] . Insufficient or no cure was provided to the borrower. | Loan Discount Point Fee was last disclosed on Final Closing Disclosure as [redacted] with no prior Loan Estimates disclosing points. File does not contain a valid COC for this fee, cure provided at closing. | Reviewer Comment (2022-02-09): Received, Clearing. |
02/09/2022 | 1 | A | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294261 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after [redacted] contains a change in APR and was not received by borrower at least three (3) business days prior to consummation | Reviewer Comment (2022-02-11): Received, Clearing. Seller Comment (2022-02-11): Disagree - Last disclosed CD and final CD have the same APR. APR never went up on any CD by more than [redacted] |
02/11/2022 | 1 | A | TX | Primary | Purchase | TRID timing exception, no remediation available. | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294261 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted] . | The Final Lender Credit of [redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted] and a VCOC or an itemized lender credit was not provided. | Reviewer Comment (2022-02-09): Received, Clearing. Seller Comment (2022-02-09): Disagree - uploaded COC CD showing lender credits |
02/09/2022 | 1 | A | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016636 | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US Citizen Status not provided | Reviewer Comment (2022-03-23): Received, Clearing. Seller Comment (2022-03-23): Please see attached document. |
03/23/2022 | 1 | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016636 | Credit | 1003 | Document Error | 1003 | Borrower(s) is not a U.S. Citizen, and the guideline required documentation was not provided. | - | Reviewer Comment (2022-03-23): Received, Clearing. Seller Comment (2022-03-23): Please see attached document. |
03/23/2022 | 1 | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016636 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Unable to determine missing supporting documentation. | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Disagree - [redacted] COC CD was issued for Lock Extension at a cost of [redacted] to borrower, points adjusted to reflect |
02/15/2022 | 1 | A | AZ | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016636 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Unable to determine missing supporting documentation. | Reviewer Comment (2022-02-16): Received, Clearing. Seller Comment (2022-02-16): Disagree - Disagree with finding - there was a [redacted] lender credit issued for tolerance cure for the appraisal on the Initial CD with COC dated [redacted]. There is no additional cure due. All disclosures/docs are executed from LE to Final CD. Final CD with cure COC uploaded |
02/16/2022 | 1 | A | AZ | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016638 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow - Reason | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan will have an escrow account. | The final Closing Disclosure did not provide a reason for declining escrow to Borrower. | Reviewer Comment (2022-02-09): [redacted] received Corrected CD and LOX. Seller Comment (2022-02-08): Disagree - PCCD and LOX uploaded |
02/09/2022 | 2 | B | CA | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016638 | Credit | Guideline | Guideline Issue | Guideline | Refi Purpose reflects Rate/Term and cash out greater than the lesser of 2% of the loan amount or $2000. | Reviewer Comment (2022-02-02): Received, Clearing. Seller Comment (2022-02-02): Disagree - borrower received [redacted] back at closing per the final settlement statement |
02/02/2022 | 1 | A | CA | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294264 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2022-02-07): Received, Clearing. |
02/07/2022 | 1 | A | NY | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||
| 436294264 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Qualification Method not Matching ATR | Ability to Repay (Dodd-Frank 2014): The Qualification Method used by the lender does not match the ATR payment calculation methods under 1026.43(c)(5). | Reviewer Comment (2022-02-07): Received, Clearing. |
02/07/2022 | 1 | A | NY | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294264 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Non QM DTI significantly exceeds Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the 1026.43(c)(5) of [redacted] significantly exceeds the guideline maximum of [redacted] . (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | Reviewer Comment (2022-02-07): Received, Clearing. Seller Comment (2022-02-07): Exception disapproved. Invalid Findings - Even with the 1008 Form at fully Amortization P&I [redacted]the DTI is [redacted]; Per FINAL CD using for I/O only product, the PI is [redacted] with a DTI of[redacted] |
02/07/2022 | 1 | A | NY | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294264 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] . Sufficient or excess cure was provided to the borrower at Closing. | A valid change of circumstance was not provided for the increase un the appraisal fee from [redacted] to [redacted] . A lender credit was provided however, a breakdown was not present. | Reviewer Comment (2022-01-11): Sufficient Cure Provided At Closing |
01/11/2022 | 1 | A | NY | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294264 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] . Sufficient or excess cure was provided to the borrower at Closing. | A valid change of circumstance was not provided for the increase un there-inspection fee from [redacted] to [redacted] . A lender credit was provided however, a breakdown was not present. | Reviewer Comment (2022-01-11): Sufficient Cure Provided At Closing |
01/11/2022 | 1 | A | NY | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294264 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Transfer Tax. Fee Amount of [redacted] exceeds tolerance of [redacted] . Sufficient or excess cure was provided to the borrower at Closing. | A valid change of circumstance was not provided for the increase un the transfer tax from [redacted] to [redacted] . A lender credit was provided however, a breakdown was not present. | Reviewer Comment (2022-01-11): Sufficient Cure Provided At Closing |
01/11/2022 | 1 | A | NY | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016639 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR 3.04% + 1.5%, or 4.54000%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2022-02-07): Received, Clearing. Reviewer Comment (2022-02-03): Non- compliant due to file does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. Buyer Comment (2022-02-03): Disagree - NonQM not required to pass HPML testing |
02/07/2022 | 1 | A | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016639 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | 2 | B | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 437016639 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. | Loan file did not contain the initial LE dated [redacted] | Reviewer Comment (2022-03-10): [redacted] received proof of receipt. Exception is cleared. Seller Comment (2022-03-08): Disagree - Application submitted on [redacted] and Initial Disclosure Package was issued on same day, borrowers have completed on [redacted] Reviewer Comment (2022-02-25): Please provide documentation of mailing date or proof of electronic receipt of [redacted] LE for testing. Seller Comment (2022-02-23): Disagree - COC not required for Borrower shopped Title, fees were updated in Section C of CD p2 to reflect |
03/10/2022 | 1 | A | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 437016639 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | No valid change in circumstance for this fee amount change. | Reviewer Comment (2022-03-14): [redacted] has received LOE/Attestation regarding Survey Fee Seller Comment (2022-03-11): Attestation regarding the Survey Fee Reviewer Comment (2022-03-10): [redacted] is unable to determine from the file whether the lender or title company required the survey. If the lender required, that survey fee, then a cure is due to borrower. If the borrower - chosen service provider further outsourced the Survey fee, an attestation comment on exception from the seller is needed. The attestation/letter should confirm that the service was outsourced by the borrower-chosen provider. This attestation would allow us to test the fee under the no tolerance category with the understanding that the new fee added on the CD was imposed by a provider through which the borrower indirectly selected. Seller Comment (2022-03-08): Disagree - Survey Fee in Section C of CD p2 borrower shopped no Cure required. Reviewer Comment (2022-02-23): [redacted] Survey fee charged on Final CD and was not disclosed on previous CD and LE's. Fee is also not "Title" designated. Provide Valid COC or provide Cure docs. Seller Comment (2022-02-23): Disagree - COC not required for Borrower shopped Title, fees were updated in Section C of CD p2 to reflect |
03/14/2022 | 1 | A | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016639 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of [redacted] exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | No valid change in circumstance for this fee amount change. | Reviewer Comment (2022-03-10): [redacted] received updated SSPL and Borrower didn't shop from the given service provider list. Fee is not bound by a tolerance. Seller Comment (2022-03-08): Disagree - Title Endorsement Fee of [redacted] in Section C of CD p2 borrower shopped no Cure required Reviewer Comment (2022-02-23): [redacted] Unable to verify borrower shopped for Title fees as SSPL missing from file. Exception will be re-evaluated once SSPL received in file. Seller Comment (2022-02-23): Disagree - COC not required for Borrower shopped Title, fees were updated in Section C of CD p2 to reflect |
03/10/2022 | 1 | A | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016639 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Insurance Binder Fee. Fee Amount of $20.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | No valid change in circumstance for this fee amount change. | Reviewer Comment (2022-03-10): [redacted] received updated SSPL and Borrower didn't shop from the given service provider list. Fee is not bound by a tolerance. Seller Comment (2022-03-08): Disagree - Title Binder Fee of [redacted] in Section C of CD p2 borrower shopped no Cure required Reviewer Comment (2022-02-23): [redacted] Unable to verify borrower shopped for Title fees as SSPL missing from file. Exception will be re-evaluated once SSPL received in file. Seller Comment (2022-02-23): Disagree - COC not required for Borrower shopped Title, fees were updated in Section C of CD p2 to reflect |
03/10/2022 | 1 | A | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016639 | Compliance | Compliance | Federal Compliance | TRID | TRID Appraisal Disclosure - ECOA Timing | ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. | No evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan | Reviewer Comment (2022-02-07): Received, Clearing. Seller Comment (2022-02-07): Appraisal Disclosure was in the file in Initial Broker's package upload page [redacted]. Thanks |
02/07/2022 | 1 | A | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| 437016639 | Compliance | Compliance | Federal Compliance | TRID | TRID Appraisal Disclosure - HPML Timing | HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. | Borrower was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan | Reviewer Comment (2022-02-07): Received, Clearing. Seller Comment (2022-02-07): Appraisal Disclosure was in the file in Initial Broker's package upload page [redacted]. Thanks |
02/07/2022 | 1 | A | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 437016639 | Compliance | Compliance | Federal Compliance | TRID | TRID Settlement Service Provider Status | TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. | Borrower not provided with a list of service providers. | Reviewer Comment (2022-03-10): [redacted] received SSPL |
03/10/2022 | 1 | A | TX | Primary | Purchase | No Defined Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 437016639 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Policy Guarantee Fee. Fee Amount of [redacted] exceeds tolerance of[redacted]. Insufficient or no cure was provided to the borrower. | Loan file did not contain a valid change of circumstance | Reviewer Comment (2022-03-10): [redacted] received updated SSPL and Borrower didn't shop from the given service provider list. Fee is not bound by a tolerance. Seller Comment (2022-03-08): Disagree - Title Guaranty Assessment Fee of [redacted] in Section C of CD p2 borrower shopped no Cure required. Reviewer Comment (2022-02-23): [redacted] Unable to verify borrower shopped for Title fees as SSPL missing from file. Exception will be re-evaluated once SSPL received in file. Seller Comment (2022-02-23): Disagree - COC not required for Borrower shopped Title, fees were updated in Section C of CD p2 to reflect |
03/10/2022 | 1 | A | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294266 | Compliance | Compliance | State Compliance | Misc. State Level | Colorado Consumer Credit Code (First Lien Refinance Notice Not Provided) | Colorado Consumer Credit Code: Borrower not provided First Lien Refinance Notice. | Lender to provide copy of this state required notice. | 2 | B | CO | Primary | Refinance - Rate/Term | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294266 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] . Insufficient or no cure was provided to the borrower. | Fee was out of tolerance. Lender to provide cure to borrower. . | Reviewer Comment (2022-02-09): Received, Clearing. Seller Comment (2022-02-09): Disagree- No Cure needed, appraisal was redisclosed at [redacted] per the latest LE |
02/09/2022 | 1 | A | CO | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294268 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Tax Certification Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] . Insufficient or no cure was provided to the borrower. | "Sales tax" fee was paid to title but not identified as title fee - lender to provide a corrected CD showing this as a title fee so it can be marked as same provider and removed. | Reviewer Comment (2022-02-09): Received, Clearing. Seller Comment (2022-02-09): Disagree - Borrower shopped, Sales Tax fee of[redacted] was listed in Section C of CD p2 to reflect, COC not required |
02/09/2022 | 1 | A | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016640 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003/Declarations: D. 1. Have you or will you be applying for a mortgage loan on another property (not the property securing this loan) on or before closing this transaction that is not disclosed on this loan application? was entered Yes. Unable to determine qualification without this information. | - | Borrower receiving [redacted] cash out on transaction and indicated on signed app that there other purchases in process - Lender to provide further info/documentation and add the new properties to SREO as appropriate. | Reviewer Comment (2022-03-25): Received, Clearing. Seller Comment (2022-03-25): Disagree - LOX uploaded Reviewer Comment (2022-02-16): Declaration is "applying for a mortgage loan on another property". Declaration includes refinancing as well as purchase. Exception stands. Seller Comment (2022-02-16): Please see attached email from broker to cure the finding as no new property was purchased for LQB Ln #[redacted] |
03/25/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||||
| 437016640 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three [redacted] of application or determination of first lien status. | App date [redacted], disclosure dated [redacted]. Lender to provide proof if this disclosure was provided earlier; otherwise, this would be a valid exception. | 2 | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||||||
| 436294270 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | Missing the executed CPA Letter to support ownership interest in the company. | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Please see last amendment per Secretary of State in CA, shows our bwr as only member, please use to cure findings |
02/15/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||
| 436294270 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ ___ |
Missing insurance as the mortgage statement does not include taxes and insurance in the payment. | Reviewer Comment (2022-02-02): Received, Clearing. Seller Comment (2022-02-02): Exception approved. |
02/02/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||
| 436294271 | Compliance | Compliance | Federal Compliance | TILA | TILA NMLSR - Individual Originator License Status Not Approved | Truth in Lending Act (NMLSR Dodd- Frank 2014): Individual Loan Originator not in approved license status to conduct loan origination activities. | The final CD did not reflect a NMLS number for the Originator. | Reviewer Comment (2022-02-04): Received, Clearing. Seller Comment (2022-02-04): Exception disapproved. [redacted] was licensed from[redacted] and the license is now currently active State License ID [redacted] |
02/04/2022 | 1 | A | CA | Primary | Refinance - Rate/Term | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294274 | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. | The file is missing a final title policy | 2 | B | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436294274 | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | 2 | B | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436294274 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Fee tolerance in excess for appraisal fee | Reviewer Comment (2022-01-11): Sufficient Cure Provided At Closing |
01/11/2022 | 1 | A | CA | Primary | Purchase | Final CD evidences Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294274 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. | No escrow fees located on final CD | Reviewer Comment (2022-02-04): PC CD Seller Comment (2022-02-04): PCCD and LOX |
02/04/2022 | 2 | B | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294274 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. | No escrow fees located on final CD | Reviewer Comment (2022-02-04): PC CD Seller Comment (2022-02-04): PCCD and LOX |
02/04/2022 | 2 | B | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294274 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Reserves entered as per guidelines but does not match calculated reserves | Reviewer Comment (2022-02-18): assets verified Buyer Comment (2022-02-17): We had[redacted] months of reserves per the 1008 snip it below, please use this to cure the findings as we only need [redacted] months of reserves. Reviewer Comment (2022-02-14): CD indicates borrower is not receiving cash out. Insufficient assets documented for reserves. Seller Comment (2022-02-14): See GL below, we can use [redacted]months of the "cash-out" funds for the reserves as well as the monies we have in the assets for the remaining [redacted]months to total the [redacted]months of reserves: Reviewer Comment (2022-02-02): 1008 provided doesn't resolve this exception. Seller Comment (2022-02-02): Exception approved. |
02/18/2022 | 1 | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294277 | Compliance | Compliance | Federal Compliance | TILA | TILA NMLSR - Individual Originator License Status Not Approved | Truth in Lending Act (NMLSR Dodd- Frank 2014): Individual Loan Originator not in approved license status to conduct loan origination activities. | Reviewer Comment (2022-02-04): Received, Clearing. Seller Comment (2022-02-04): Exception disapproved.[redacted]- [redacted] has been licensed since[redacted]-current/ State License ID [redacted]. |
02/04/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294277 | Compliance | Compliance | Federal Compliance | TILA | TILA NMLSR - Originator Company License Status Not Approved | Truth in Lending Act (NMLSR Dodd- Frank 2014): Loan Originator Organization not in approved license status to conduct loan origination activities. | Reviewer Comment (2022-02-04): Received, Clearing. Seller Comment (2022-02-04): Exception disapproved. [redacted] NMLS- [redacted] Funding has been licensed since [redacted]- current/ State License ID [redacted]. |
02/04/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294279 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | Flood Certification is not in the file. | Reviewer Comment (2022-01-27): Received, Clearing. Seller Comment (2022-01-27): Exception Approved; [redacted] Flood Certification Form provided by[redacted] |
01/27/2022 | 1 | A | IL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294279 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Hazard Insurance policy is not in the file. | Reviewer Comment (2022-02-03): Received, Clearing. Seller Comment (2022-02-03): Exception approved. |
02/03/2022 | 1 | A | IL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294279 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance Error: Subject hazard insurance premium is missing from evidence of insurance. | Hazard Insurance is not in the file. | Reviewer Comment (2022-02-03): Received, Clearing. Seller Comment (2022-02-03): Exception approved. |
02/03/2022 | 1 | A | IL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294279 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report is not in the file. | Reviewer Comment (2022-01-27): Received, Clearing. Seller Comment (2022-01-27): Disagree - fraud report uploaded |
01/27/2022 | 1 | A | IL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294279 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Fraud report is not in the file. | Reviewer Comment (2022-02-03): Received, Clearing. Seller Comment (2022-02-03): Exception approved. |
02/03/2022 | 1 | A | IL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294279 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted] . | Final Lender Credit of [redacted] is less than the previously disclosed lender credit [redacted] . | Reviewer Comment (2022-02-10): Received, Clearing. Seller Comment (2022-02-10): Disagree - Lender Credit as per Initial LE dated [redacted] was [redacted] whereas the same got decreased to [redacted] in the Redisclosed LE dated on [redacted]. COC document dated [redacted] for the decrease in the Lender Credits due to rate lock. Hence Final CD reflects Lender credit as [redacted] |
02/10/2022 | 1 | A | IL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294279 | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. | Reviewer Comment (2022-03-16): Loan amount on prelim title |
03/16/2022 | 1 | A | IL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294280 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Verifies data correct | 2 | B | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 436294280 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Credit Report Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] . Sufficient or excess cure was provided to the borrower at Closing. | The loan file did not contain a VCOC for the increase in the credit report fee from [redacted] to [redacted] | Reviewer Comment (2022-01-12): Sufficient Cure Provided At Closing |
01/12/2022 | 1 | A | TX | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294280 | Compliance | Compliance | Federal Compliance | TILA | TILA NMLSR - Missing NMLS Information on 1003 | Truth in Lending Act (NMLSR Dodd- Frank 2014): NMLSR information not present on loan application. | data field not available | Reviewer Comment (2022-01-26): Received, Clearing. Seller Comment (2022-01-26): Disagree - final 1003 uploaded w. NMLS information |
01/26/2022 | 1 | A | TX | Primary | Purchase | Need evidence that lender provided consumer with accurate NMLS information post close (updated 1003) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294281 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / Sales Contract not provided | Lender to provide purchase agreement - not found in file. | Reviewer Comment (2022-01-27): Received, Clearing. Seller Comment (2022-01-27): Exception Approved, [redacted]-Purchase Contract provided on[redacted] |
01/27/2022 | 1 | A | FL | Primary | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294281 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. | Lender to provide CD showing correct annual HOA dues. | Reviewer Comment (2022-02-15): PC CD Seller Comment (2022-02-15): Disagree - PCCD and LOX uploaded |
02/15/2022 | 2 | B | FL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | D | B | D | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294281 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted] . | Lender to provide proof of undiscounted rate to clear this. | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Disagree - [redacted] was issued for Rate locked with[redacted] discount points charged, lender credit removed to reflect |
02/15/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | D | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294281 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Loan Discount Points. Fee Amount of [redacted] exceeds tolerance of [redacted] . Insufficient or no cure was provided to the borrower. | Lender to provide valid change circumstance form for points. | Reviewer Comment (2022-02-16): Received, Clearing. Seller Comment (2022-02-16): Disagree- COC with Final LE dated [redacted] - rate locked, discount points added & lender credit removed. COC was fully executed. There were no additional fee changes for points and no tolerance cure found in the file. Initial LE, Final LE with COC, Initial CD & Final CD uploaded |
02/16/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | D | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294281 | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | Insurance, flood cert, CDA and appraisal show subject city as [redacted] , note/security instrument shows as [redacted] . | Reviewer Comment (2022-02-18): Received, Clearing. Seller Comment (2022-02-18): Scrivener's for the city name correction Reviewer Comment (2022-02-16): This exception is for Valuation not the Flood Cert. Seller Comment (2022-02-16): Exception approved. |
02/18/2022 | 1 | A | FL | Primary | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294281 | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. | Insurance, flood cert, CDA and appraisal show subject city as [redacted] , note/security instrument shows as [redacted] . | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Please see corrected flood cert attached. Please clear condition. |
02/15/2022 | 1 | A | FL | Primary | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294281 | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | Insurance, flood cert, CDA and appraisal show subject city as [redacted] , note/security instrument shows as [redacted] . | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Please see corrected flood cert attached. Please clear condition. |
02/15/2022 | 1 | A | FL | Primary | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294278 | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | Missing lender's initial 1003 | 2 | B | VA | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436294278 | Compliance | Compliance | Federal Compliance | TRID | TRID Appraisal Disclosure - ECOA Timing | ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [redacted] of the loan application date. | Missing a right to receive a copy of appraisal | Reviewer Comment (2022-02-07): Received, Clearing. Seller Comment (2022-02-07): Appraisal Disclosure was in the file in Initial Broker's package upload page [redacted]. Thanks |
02/07/2022 | 1 | A | VA | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| 436294278 | Compliance | Compliance | Federal Compliance | FACTA | FACTA Disclosure Missing | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. | Missing a FACTA disclosure | 2 | B | VA | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294278 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | [redacted] Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted] , or [redacted] . Non-Compliant Higher Priced Mortgage Loan. | Missing HPML documentation | Reviewer Comment (2022-02-07): Received, Clearing. Reviewer Comment (2022-02-03): Non- compliant due to file does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. Buyer Comment (2022-02-03): Disagree - NonQM not required to pass HPML testing |
02/07/2022 | 1 | A | VA | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294278 | Compliance | Compliance | Federal Compliance | TRID | TRID Appraisal Disclosure - HPML Timing | HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. | Missing a right to receive a copy of appraisal or not provided to borrower | Reviewer Comment (2022-02-07): Received, Clearing. Seller Comment (2022-02-07): Appraisal Disclosure was in the file in Initial Broker's package upload page [redacted]. Thanks |
02/07/2022 | 1 | A | VA | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294278 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | 2 | B | VA | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436294278 | Compliance | Compliance | State Compliance | Misc. State Level | Virginia Mortgage Lender and Broker Act (Dual Agency Compensation Without Notice) | [redacted] Mortgage Lender and Broker Act: Mortgage broker also acting as agent has received compensation from the borrower without providing a written agreement to the borrower. | Missing broker notice | 2 | B | VA | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294278 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Disagree - see attached Disclosure Center screen Application Date on [redacted]; Initial LE was issued on [redacted] and borrower received/signed on time |
02/15/2022 | 1 | A | VA | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294284 | Credit | Insurance | Insurance Analysis | Insurance | The Hazard Insurance Policy effective date is after the Transaction Date. | Hazard Insurance Policy Effective Date ___, Transaction Date: ___ | Provide copy of insurance policy dated before the transaction date | Reviewer Comment (2022-02-11): Received, Clearing. Seller Comment (2022-02-11): Insurance policy attached |
02/11/2022 | 1 | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294284 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Loan Originator Compensation. Fee Amount of [redacted] exceeds tolerance of [redacted] . Insufficient or no cure was provided to the borrower. | The change of circumstance form did not address this fee increase and a sufficient cure was not provided/applied. | Reviewer Comment (2022-02-03): Received, Clearing. Seller Comment (2022-02-03): Disagree - Cure for [redacted] was disclosed on the COC LE dated [redacted] after compensation changed from lender to borrower paid |
02/03/2022 | 1 | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294284 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. | Page 1 of the Final CD states no escrows and section G confirms no escrows were collected, however page 4 had the box checked "will have an escrow account" without a correction being included with the file. | Reviewer Comment (2022-02-03): PC CD Seller Comment (2022-02-03): Disagree - PCCD and LOX uploaded |
02/03/2022 | 2 | B | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294284 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. | Page 1 of the Final CD states no escrows and section G confirms no escrows were collected, however page 4 had the box checked "will have an escrow account" without a correction being included with the file. | Reviewer Comment (2022-02-03): PC CD Seller Comment (2022-02-03): Disagree - PCCD and LOX uploaded |
02/03/2022 | 2 | B | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294284 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Per application, the borrower has been renting their current residence for over 1 year, however a VOR/Payment history was not included with the file. | Reviewer Comment (2022-02-01): Received, Clearing. Seller Comment (2022-02-01): Exception disapproved-[redacted]months rental payment history was already in file. |
02/01/2022 | 1 | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294288 | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. | The current lenders mortgagee clause has not been updated to reflect on the Hazard Insurance dec page. Please have this updated and send same for review. | Reviewer Comment (2022-02-17): Received, Clearing. Seller Comment (2022-02-17): Attached is the HOI with correct mortgagee clause. |
02/17/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294288 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Final CD reflects a cure of [redacted] | Reviewer Comment (2022-01-12): Sufficient Cure Provided At Closing |
01/12/2022 | 1 | A | CA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016643 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2022-01-31): Received, Clearing. Seller Comment (2022-01-31): Exception approved |
01/31/2022 | 1 | A | NJ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016643 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2022-02-24): provided with TD |
02/24/2022 | 1 | A | NJ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016643 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of[redacted] is in excess of allowable threshold of APOR 2.91% + 1.5%, or 4.41000%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2022-02-24): updated to compliant with trailing documents. Buyer Comment (2022-02-24): Disagree - this is a NQM loan and is not required to pass the Federal HPML test. The loan does have an escrow account as required. |
02/24/2022 | 1 | A | NJ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016643 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2022-02-24): provided with TD Seller Comment (2022-02-24): Agree - evidence the appraisal was provided to the applicant at least 3 business days prior to consummation was not in the file. See attached. |
02/24/2022 | 1 | A | NJ | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016643 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of $750.00 exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Survey Fee was last disclosed as [redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2022-03-11): [redacted] received PCCD & LOE showing fees as seller paid & corrected seller credit. Seller Comment (2022-03-10): Disagree - The Final CD is attached which reflects a lump sum seller credit on [redacted]. The post consummation CD was provided to show which fees part of the seller credit was applied to and the remaining lump sum credit on [redacted] Reviewer Comment (2022-03-04): [redacted] Received PCCD and LOE showing fees paid by Seller. Need True and Certified Final SS in order to verify loan closed as per provided PCCD. Seller Comment (2022-03-02): Agree - attached is the post consummation CD showing the seller paying the survey fee and letter of explanation to the borrower. |
03/11/2022 | 1 | A | NJ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016643 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted] or [redacted]. Insufficient or no cure was provided to the borrower. | 10% tolerance was exceeded by [redacted] plus 10% or [redacted] due to increase of title fees. No valid COC provided, nor evidence of cure in file. | Reviewer Comment (2022-03-11): [redacted] received PCCD & LOE showing fees as seller paid & corrected seller credit. Seller Comment (2022-03-10): Disagree - The Final CD is attached which reflects a lump sum seller credit on[redacted]. The post consummation CD was provided to show which fees part of the seller credit was applied to and the remaining lump sum credit on page 3. Reviewer Comment (2022-03-04): [redacted] Received PCCD and LOE showing fees paid by Seller. Need True and Certified Final SS in order to verify loan closed as per provided PCCD. Seller Comment (2022-03-02): Agree - attached is the post consummation CD showing the seller paying the [redacted] recording fee and letter of explanation to the borrower. |
03/11/2022 | 1 | A | NJ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294289 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | 2 | B | NY | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||||||||
| 437016642 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Mortgage Broker Fee. Fee Amount of [redacted] exceeds tolerance of[redacted]. Insufficient or no cure was provided to the borrower. | Mortgage Broker fees increased from [redacted] to [redacted]without a valid change of circumstance. Initial CD disclosed Lender paying broker fee, not borrower. | Reviewer Comment (2022-02-24): [redacted] received valid COC dated [redacted] with reason why the Fee was increased on the CD dated [redacted] hence after review the exception was cleared. Seller Comment (2022-02-23): Disagree - Accurate revised COC and CD issued on [redacted] with details indicating Originator Compensation added [redacted] |
02/24/2022 | 1 | A | VA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016642 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003/Declarations: F. Are you a co-signer or guarantor on any debt or loan that is not disclosed on this application? reflects Yes. Missing documented and/or does not meet guideline requirements. | - | Reviewer Comment (2022-03-03): Received, Clearing. Seller Comment (2022-03-03): Attached corrected 1003 to clear finding. |
03/03/2022 | 1 | A | VA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294290 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted] or [redacted] . Sufficient or excess cure was provided to the borrower at Closing. | A sufficient lender cure was applied for the increase | Reviewer Comment (2022-01-12): Sufficient Cure Provided At Closing |
01/12/2022 | 1 | A | CA | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294290 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] . Sufficient or excess cure was provided to the borrower at Closing. | A sufficient lender cure was applied for the increase | Reviewer Comment (2022-01-12): Sufficient Cure Provided At Closing |
01/12/2022 | 1 | A | CA | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294290 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Date of signature of primary valuation is [redacted] and evidence Appraisal issued to the borrower is [redacted] | 2 | B | CA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016644 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien | TRID Final Closing Disclosure [Redacted] on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) | Seller's CD was not in file. | Reviewer Comment (2022-03-11): [redacted] received Seller CD Seller Comment (2022-03-09): Seller CD Reviewer Comment (2022-02-11): Seller CD is needed to resolve this exception. Buyer Comment (2022-02-11): Disagree - Title Company provides separately to seller all seller paid items. |
03/11/2022 | 1 | A | CT | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016644 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of[redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted] | Lender to provide proof of undiscounted rate to possibly clear this. | Reviewer Comment (2022-03-11): [redacted] received additional information on changed circumstance for valid reason Seller Comment (2022-03-09): Further explanation in the attached document. Change in credit is the result of a guideline exception Reviewer Comment (2022-02-24): [redacted] received changed circumstance. However, it does not give information on why the lender credit was decreased. Reason states Rate, however, the rate, sales price, expiration date or terms noted on the LE's did not change and unable to determine reason for decrease in lender credit pricing. Provide additional information to support a valid reason or cure would be due borrower. Seller Comment (2022-02-23): Disagree - Accurate Revised COC issued on [redacted] and LE issued on [redacted] with details indicating Lender Credit reduced to -[redacted] |
03/11/2022 | 1 | A | CT | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016644 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Issue Date > Closing Disclosure Issue Date | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. | Final LE and first CD were both dated [redacted] - valid finding. | Reviewer Comment (2022-03-11): [redacted] received lender attestation and disclosure tracking confirming [redacted] CD not disclosed to borrower and draft copy for funding balance. Seller Comment (2022-03-09): See attached Attestation and DocMagic tracking showing all packages sent to the borrower. The [redacted] CD was sent to Title for the purpose of balancing Reviewer Comment (2022-02-24): [redacted] received mTrade User rebuttal that 11-15 CD was a preliminary CD. Please provide an lender executed attestation letter that specifies which CD was preliminary CD and attest that it was never disclosed to borrower. Once received can remove from testing. Seller Comment (2022-02-23): Disagree - CD issued on [redacted] was a Preliminary CD, However the Provided LE issued on [redacted] was a valid one, Initial CD issued on [redacted] and Final CD issued on [redacted] |
03/11/2022 | 1 | A | CT | Primary | Purchase | No Defined cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 437016645 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Contact Information - Lender | TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on [Redacted] did not disclose the required Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). | Verified Final Closing Disclosure provided on [redacted] did not disclose the required Lender Contact NMLS ID. | Reviewer Comment (2022-02-11): Received, Clearing. Seller Comment (2022-02-11): Disagree - contact info included on final cd uploaded |
02/11/2022 | 1 | A | MD | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016645 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | verified Loan discount points was not disclosed on LE and was only disclosed from final CD. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2022-02-24): [redacted] upon further review received a revised LE dated [redacted] and a valid COC dated [redacted] for Loan Discount Points added. Seller Comment (2022-02-23): Disagree - Accurate revised COC issued on [redacted] and LE issued on [redacted] with details indicating Loan discount point added [redacted]. In CD issued on [redacted] its reduced to [redacted] |
02/24/2022 | 1 | A | MD | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016645 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted]. exceeds tolerance of[redacted]. Insufficient or no cure was provided to the borrower. | verified Appraisal Fee was disclosed on the LE as [redacted] and disclosed on final CD as [redacted] Insufficient or no cure was provided to the borrower. | Reviewer Comment (2022-02-24): [redacted] upon further review sufficient Cure provided at closing. Seller Comment (2022-02-23): Disagree - Appraisal Fee was disclosed on the LE issued on [redacted] is [redacted]and in CD issued on [redacted] is [redacted]. The difference amount of [redacted] given in cure in 2nd page of CD issued on [redacted] |
02/24/2022 | 1 | A | MD | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016645 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of 0.00 on Final Closing Disclosure provided on [redacted] not accurate. | The HOA fees were not included on the non-escrowed portion of the final CD. | Reviewer Comment (2022-02-16): PC CD Seller Comment (2022-02-16): Disagree - PCCD and LOX uploaded |
02/16/2022 | 2 | B | MD | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016645 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of[redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2022-02-24): Sufficient Cure Provided At Closing |
02/24/2022 | 1 | A | MD | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| 436294291 | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | Address variation the note verifies Spring, [redacted] the Desk Review reports [redacted] | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-12): Agree - corrected appraisal reflecting the corrected city to match all closing documents along with [redacted] city verification |
02/14/2022 | 1 | A | TX | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||||
| 436294291 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reserves are less than guideline requirement | Reviewer Comment (2022-02-11): Received, Clearing. Seller Comment (2022-02-11): Findings are invalid. This is a purchase of a primary property on the 30 YR. Fixed Access Agency Plus. Guidelines indicate the borrower is required to have [redacted]months reserves for loans that have LTVs that are less than or equal to[redacted]. Three months reserves total [redacted]. After closing borrower will have over [redacted] after closing. This should be enough to meet the reserve requirement. Attached is the program matrix that reflects the required reserves. |
02/11/2022 | 1 | A | TX | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294291 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | 2 | B | TX | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436294293 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - Affiliated Business Arrangement Disclosure Missing | RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to borrower. | Lender to provide affiliated business arrangement disclosure - the disclosures in file were not for the lender. | 2 | B | CA | Primary | Refinance - Rate/Term | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294294 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Title - Copy Or Fax Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] . Insufficient or no cure was provided to the borrower. | Fee of [redacted] exceeds zero tolerance of [redacted] doisclosed/ no cure provided | Reviewer Comment (2022-02-16): Received, Clearing. Seller Comment (2022-02-16): Disagree with both exceptions - Settlement Service Provider shows Provider as [redacted] Title Company. Title Company and payee on the attached CD shows[redacted]. The Borrower Did Shop for the service, so there should be no tolerance applied. |
02/16/2022 | 1 | A | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||||
| 436294294 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Title - Wire /Funding/ Disbursement Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] . Insufficient or no cure was provided to the borrower. | Disbursement fee [redacted] exceeds zero tolerance of [redacted] disclosed/ no cure provided | Reviewer Comment (2022-02-16): Received, Clearing. Seller Comment (2022-02-16): Disagree with both exceptions - Settlement Service Provider shows Provider as Alamo Title Company. Title Company and payee on the attached CD shows Guaranty Abstract Company. The Borrower Did Shop for the service, so there should be no tolerance applied. |
02/16/2022 | 1 | A | TX | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||||
| 436294294 | Credit | Missing Document | General | Missing Document | Missing Document: Bank Statements - Personal not provided | Bank statements are in file | Reviewer Comment (2022-02-17): Received, Clearing. Seller Comment (2022-02-17): Invalid, no personal accounts were utilized by the borrower. Only proceeds from the sale of the residence and retirement assets were utilized. Attaching business Checking account and retirement account statements |
02/17/2022 | 1 | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||
| 436294294 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | Reviewer Comment (2022-02-17): Received, Clearing. Seller Comment (2022-02-17): Invalid, attached is the P&L for[redacted], which is the only self-employed business utilized by the borrower(s) and balance sheet is not required by the AUS findings. |
02/17/2022 | 1 | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||
| 436294295 | Compliance | Compliance | Federal Compliance | ATR/QM | Investment Property submitted as Non-QM / Exempt from ATR | Ability to Repay (Dodd-Frank 2014): Improper Originator Loan Designation. Investment property not subject to Ability to Repay requirements. | The loan was submitted as Non-QM. | 2 | B | IL | Investment | Purchase | B | B | A | A | B | B | A | A | Non QM | N/A | No | |||||||||||||||
| 436294298 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Please override - Appraisal effective date [redacted] prior to Email confirming borrower receipt of appraisal [redacted] , however Report date is [redacted] . | 2 | B | IL | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016646 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | File is missing full 24 month bank statements as required per approval. Only [redacted] in the loan file. | Reviewer Comment (2022-04-05): Received, full [redacted] months. Clearing exception. Seller Comment (2022-04-05): [redacted] months statements - split into 3 files by year Reviewer Comment (2022-04-05): Missing the following statements to completed [redacted] full months: [redacted] [redacted] [redacted] [redacted] [redacted] [redacted] [redacted] [redacted] Seller Comment (2022-04-04): Business statements Seller Comment (2022-02-09): Disagree - SSA award letter and evidence of receipt of payment uploaded |
04/05/2022 | 1 | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| 437016646 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | Not provided, Flood zone information only gathered from appraisal. | Reviewer Comment (2022-02-10): Received, Clearing. Seller Comment (2022-02-10): The findings are invalid. This is a primary refinance cash out on the [redacted] year fixed access alternative income program. Attached is the Flood Certificate reflecting the Flood Zone |
02/10/2022 | 1 | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016646 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Older Than 30 days When Provided to Borrower | RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations was older than 30 days when provided to borrower. | 2 | B | FL | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 437016646 | Compliance | Compliance | Federal Compliance | TRID | TRID Appraisal Disclosure - ECOA Status | ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. | The file was missing evidence of the consumer receiving Right to receive copy of the Appraisal Disclosure with three (3) business days of application. | Reviewer Comment (2022-02-18): Received, Clearing. |
02/18/2022 | 1 | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | Good faith redisclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016646 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations not provided to applicant within three (3) business days of application. | The file was missing a copy of the Homeownership Counseling disclosure or proof of the borrower's receipt within 3 days of originator application date. | 2 | B | FL | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016646 | Compliance | Compliance | Federal Compliance | TRID Defect | TILA-RESPA Integrated Disclosure: application date on or after 10/3/2015, no Loan Estimates in the Loan File | TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s). The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing. Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to [redacted] may be required. | The file was missing evidence of Loan Estimate(s) within 3 days of initial application. Loan Estimate not provided within loan images to evidence delivery to the Borrower(s). The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing. Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to [redacted] may be required. |
Reviewer Comment (2022-02-18): Received, Clearing. Seller Comment (2022-02-18): Disagree - : Initial Loan Estimate provided within required 3 day period on [redacted]. Application interview date [redacted], uploaded LE |
02/18/2022 | 1 | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | No Defined Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 437016646 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | COC not provided for the change in the Lender Credit and insufficient cure provided for fee exceeding tolerance. Tolerance exceeded for Title - Endorsement Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2022-02-18): Received, Clearing. Reviewer Comment (2022-02-14): [redacted]: Settlement Service provider list is missing in file. We will re-evaluate tolerance exception once provider list is received Seller Comment (2022-02-13): Disagree - Borrower shopped, Title-Endorsement Fee of [redacted]was listed in Section C of CD p2 to reflect, COC not required. |
02/18/2022 | 1 | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016646 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | RCE or Estimated Cost New not provided. | Reviewer Comment (2022-02-10): Received, Clearing. Seller Comment (2022-02-10): Findings are invalid. This is a primary refinance cash out refinance on the [redacted] year fixed access alternative loan program. The Hazard Insurance policy reflects an additional dwelling coverage of [redacted]reflecting under the "Other Coverages" section of the policy. With the additional [redacted] coverages this gives the borrower sufficient coverages for this property ([redacted] + [redacted] ([redacted]) = [redacted]). Attached is the HOI policy reflecting the additional coverage |
02/10/2022 | 1 | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016646 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within three (3) business days of application. Initial Loan Estimate dated [Redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | Reviewer Comment (2022-03-07): [redacted] Received Earliest E-Consent Seller Comment (2022-03-04): Disagree - Prior consent to receive disclosures electronically not required, as long as the borrower has accepted and e-signed within 3 days of application date is satisfied. Application submitted on [redacted], Initial Disclosure Package was issued on [redacted], Borrower has accepted and e-signed on [redacted] which is within 3 business days of application date, uploaded Disclosure Center verified RESPA Six Information, signed Initial LE and refer to 1003 p6, and E-Sign Act specific to Other Rights |
03/07/2022 | 1 | A | FL | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294303 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Loan is short reserves required for program - lender to provide evidence that an exception was made on this. | The qualifying DTI on the loan is at least 10% less than the guideline maximum. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower has verified disposable income of at least $2500.00. |
Owner Owner Owner |
Reviewer Comment (2022-02-14): Exception provided. Seller Comment (2022-02-14): Attached is the exception made for this file. Reviewer Comment (2022-02-10): Need a signed exception approval. Seller Comment (2022-02-10): Reserves are less than guideline requirements. The borrower has PITIA reserves of [redacted], guidelines require PITIA reserves for at least [redacted] months. Guidelines and Exception request is attached |
02/14/2022 | 2 | B | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 436294303 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted] . | Lender to provide proof of undiscounted rate to clear this. | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Disagree - Due to decrease in credit score, pricing changed by [redacted] at a cost to borrower; lender credit adjusted to reflect. |
02/15/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294303 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] . Insufficient or no cure was provided to the borrower. | Fee was out of tolerance with cure given. | Reviewer Comment (2022-02-15): Received, Clearing. Reviewer Comment (2022-02-14): [redacted]agrees that the cure for appraisal fee in the amount of [redacted] was already provided at closing, however, cure reflected on Final CD is insufficient to cure the remaining citings that is of lender credit cure which is still pending. We will clear this exception once we receive resolution on the other citing. Exception remains as of now. Seller Comment (2022-02-13): Disagree - Appraisal Fee has been increased from[redacted] in Final LE dated[redacted] in Initial CD dated [redacted]. However a difference of [redacted] was provided as a cure in the CD dated[redacted] to clear the Zero tolerance violation. |
02/15/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294304 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted] ). | . | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Disagree - Borrower wished to go with a higher rate at [redacted] and lowered discount points of [redacted]; COC CD was issued on[redacted] to reflect, thus finance charge adjusted accordingly |
02/15/2022 | 1 | A | CO | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294304 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] . Sufficient or excess cure was provided to the borrower at Closing. | A valid change of circumstance or itemized lender credit was not provided for the fee amount of [redacted] which exceeds the tolerance of [redacted] . Sufficient or excess cure was provided to the borrower at Closing | Reviewer Comment (2022-01-13): Sufficient Cure Provided At Closing |
01/13/2022 | 1 | A | CO | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294305 | Property | Property - Appraisal | Appraisal Data Integrity | Property - Appraisal | Appraiser's license or certification was not active at the time of the appraisal. | - | The file was missing the appraiser's certification to verify the license was active at the time of the appraisal. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-12): Invalid Finding: Appraisal is dated [redacted] and appraiser license expires [redacted] as shown on page [redacted] of the appraisal and page [redacted] of the package |
02/14/2022 | 1 | A | NC | Primary | Purchase | C | B | C | A | C | B | C | A | Non QM | Non QM | No | |||||||||||||
| 436294305 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. | Reviewer Comment (2022-02-16): PCCD received Seller Comment (2022-02-16): Agree- Provide the Post CD correcting the HOA value per month as[redacted] under the 'Estimated Taxes, Insurance & Assessments' and in Page-4 under the 'Non-Escrowed property Costs over year 1' should reflect [redacted] as per the appraisal document along[redacted] |
02/16/2022 | 1 | A | NC | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | |||||||||||||
| 436294305 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Appraisal fee increased from [redacted] to [redacted] without a valid change of circumstance. A cure of [redacted] was provided on the final Closing Disclosure. | Reviewer Comment (2022-01-14): Sufficient Cure Provided At Closing |
01/14/2022 | 1 | A | NC | Primary | Purchase | Final CD evidences Cure | C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||
| 436294305 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - PUD not provided | The PUD Rider is missing from the file. | Reviewer Comment (2022-02-16): Received, Clearing. Seller Comment (2022-02-16): Attached is The Signed PUD Rider and Amendment. |
02/16/2022 | 1 | A | NC | Primary | Purchase | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||||||
| 436294305 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | [redacted] Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted] , or [redacted] . Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2022-02-14): Received, Clearing. |
02/14/2022 | 1 | A | NC | Primary | Purchase | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||||||
| 436294305 | Compliance | Compliance | State Compliance | State HPML | North Carolina Rate Spread Threshold Test Compliant | North Carolina Rate Spread Home Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted] or [redacted] . Compliant Rate Spread Home Loan. | 2 | B | NC | Primary | Purchase | Within 90 days of closing and prior to institution of any action against the lender, (1) notify the borrower, and (2) make appropriate restitution at the option of the borrower to either (a) make the loan comply with prohibited acts and practices or (b) change the terms of the loan in a manner beneficial to the borrower so the loan is no longer rate spread. (Narrow Defense - Requires CHD Approval) Within 120 days of discovery , which compliance failure was not intentional and resulted from a bona fide error, creditor must: (1) provide Lender Attestation to AMC attesting the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how rate spread home loan was made despite procredures to prevent); (2) notify the borrower, and make appropriate restitution at the option of the borrower to either (a) make the loan comply with prohibited acts and practices or (b) change the terms of the loan in a manner beneficial to the borrower so the loan is no longer rate spread. |
C | B | C | A | C | B | C | A | Non QM | Non QM | Yes | |||||||||||||||
| 436294305 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | No evidence of appraisal being provided to borrower, right to receive 3 days prior to closing was not waived. | Reviewer Comment (2022-02-14): Received, Clearing. |
02/14/2022 | 1 | A | NC | Primary | Purchase | C | B | C | A | C | B | C | A | Non QM | Non QM | No | |||||||||||||
| 436294305 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | No evidence of appraisal being provided to borrower, right to receive 3 days prior to closing was not waived. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-11): Exception approved. |
02/14/2022 | 1 | A | NC | Primary | Purchase | C | B | C | A | C | B | C | A | Non QM | Non QM | No | |||||||||||||
| 436294305 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): [redacted] requirements not satisfied. | 2 | B | NC | Primary | Purchase | C | B | C | A | C | B | C | A | Non QM | Non QM | No | ||||||||||||||||
| 436294306 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Payment Shock exceeds credit guidelines. | Payment Shock: ___ | Payment shock is limited to [redacted] on primary residences. | Reviewer Comment (2022-02-14): Received, clearing. Seller Comment (2022-02-11): The findings are invalid. Attached is the lease that reflects the borrowers total rent requirement [redacted]. Each borrower pays their half of the rent [redacted]. Also attached are the asset statements from each borrower displaying their half being paid to the landlord [redacted] for [redacted] months. |
02/14/2022 | 1 | A | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294306 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The borrower's Asset Utilization was calculated with business assets which is not allowed per the guidelines. | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has verified disposable income of at least $2500.00. |
Owner Owner Owner |
Reviewer Comment (2022-02-16): Exception provided date [redacted] Seller Comment (2022-02-16): Agree - exception approved |
02/16/2022 | 2 | B | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 437016647 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted]. | Lender to provide proof of the undiscounted rate to possibly clear this. | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Disagree - [redacted] COC CD was issued to capture Loan Amount decreased and Lock extended at a cost; thus the lender credit adjusted to reflect |
02/15/2022 | 1 | A | TX | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016647 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $253.32 exceeds tolerance of[redacted] plus 10% or [redacted]. Insufficient or no cure was provided to the borrower. | Cure was made but was insufficient given the lender credit violation. Lender to provide proof of the undiscounted rate to possibly clear this. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-13): Disagree - no [redacted] tolerance value increased to [redacted] in any LE's and CD's. All the disclosures provided were reflecting [redacted] as a recording fee([redacted] tolerance fee). Therefore no COC or Cure were required. |
02/14/2022 | 1 | A | TX | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016647 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Cure was made but was insufficient given the lender credit violation. Lender to provide proof of the undiscounted rate to possibly clear this. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-13): Disagree - Appraisal Fee has been increased from [redacted] in Final LE dated [redacted] to [redacted] in Initial CD dated [redacted]. However a difference of [redacted] was added in the provided cure amount [redacted](Cure for Increase in Appraisal Fee is [redacted] and Second Appraisal fee is [redacted], Total=[redacted]) in the CD dated [redacted] to clear the Zero tolerance violation |
02/14/2022 | 1 | A | TX | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016647 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as [redacted] on LE but disclosed as [redacted]on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2022-03-09): Sufficient cure provided Seller Comment (2022-03-08): Disagree - Second Appraisal Fee has been increased from [redacted] in Final LE dated [redacted] to [redacted] in Initial CD dated [redacted]. However a difference of [redacted] was added in the provided cure amount [redacted] (Cure for Increase in Appraisal Fee [redacted] and Second Appraisal fee [redacted], Total=[redacted]) in the CD dated [redacted] to clear the Zero tolerance violation |
03/09/2022 | 1 | A | TX | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016647 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus 10% or [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2022-03-09): Sufficient Cure Provided At Closing |
03/09/2022 | 1 | A | TX | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||
| 437016647 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2022-03-09): Sufficient Cure Provided At Closing |
03/09/2022 | 1 | A | TX | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||
| 437016647 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2022-03-09): Sufficient Cure Provided At Closing |
03/09/2022 | 1 | A | TX | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||
| 436294307 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Transfer Tax. Fee Amount of [redacted] exceeds tolerance of [redacted] . Insufficient or no cure was provided to the borrower. | Initial Loan Estimate reflects transfer tax of [redacted] . Final Closing Disclosure amount is [redacted] . Final Closing Disclosure does have tolerance cure of [redacted] , which leaves remaining cure of [redacted] . Please provide a copy of the letter of explanation letter sent to the borrower disclosing the changes made. | Reviewer Comment (2022-02-16): Received, Clearing. Seller Comment (2022-02-16): Disagree - transfer taxes were disclosed on the Final LE as[redacted], Initial CD[redacted] - this appears to be rounding from LE to CD. Increased to [redacted] on Final CD, Lender Credit of [redacted] for increase in Closing Costs. There is no additional cure due of [redacted]. Final CD delivery method is e-mail, executed via DocMagic eSign. |
02/16/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294310 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | Reviewer Comment (2022-02-11): Received, Clearing. Seller Comment (2022-02-10): Exception approved. |
02/11/2022 | 1 | A | WA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||||
| 436294310 | Credit | Missing Document | General | Missing Document | Missing Document: 1007 Rent Comparison Schedule not provided | Reviewer Comment (2022-02-11): Received, Clearing. Buyer Comment (2022-02-10): Disagree with finding as 1007 is not required if not using rental income for the subject property to qualify. We are not using rental income, we are hitting for full PITIA on subject to qualify. Per FNMA guidelines: "If borrower is not using any rental income from the subject property to qualify, the gross monthly rent must still be documented for lender reporting purposes. If the borrower is not using any rental income from the subject property to qualify, gross monthly rent must be documented only for lender reporting purposes." |
02/11/2022 | 1 | A | WA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||||
| 436294310 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | Reviewer Comment (2022-02-17): Received, Clearing. Seller Comment (2022-02-17): Letter from state filing attached indicating borrower is owner of business |
02/17/2022 | 1 | A | WA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436294310 | Credit | Income / Employment | Income Eligibility | Income / Employment | The loan was qualified using Bank Statement to verify income, however the borrower is not Self-Employed. Bank Statement program is for self-employed borrowers otherwise ineligible. | - | Reviewer Comment (2022-02-11): Received, Clearing. Buyer Comment (2022-02-10): Borrower signed the business narrative stating self-employed as well as the manager |
02/11/2022 | 1 | A | WA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436294311 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing the access letter from the person Niki showing on some of the bank statements that are being used for income on bank account ending [redacted] . Please forward for review. Additional conditions may apply. | Reviewer Comment (2022-02-11): Received, Clearing. Seller Comment (2022-02-11): The findings are invalid. This a cash-out refinance of an investment property on the Non-Agency Alternative Income program. Attached is the full access letter from the joint account holder indicating our borrower has [redacted] access to the funds in each account. |
02/11/2022 | 1 | A | WA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||
| 436294311 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | 2 | B | WA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||||
| 436294312 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted] or [redacted] . Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2022-01-19): Sufficient Cure Provided At Closing |
01/19/2022 | 1 | A | CA | Primary | Purchase | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||
| 436294312 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Investor guidelines - Borrower business Narrative reflected [redacted] employees and a service business - guidelines state [redacted] expense ration. Lender just used a 12 month average | Reviewer Comment (2022-02-07): Received, Clearing. Seller Comment (2022-02-07): Disagree - Loan used personal bank statements to qualify and the expense ratio is only used when business bank statements are used |
02/07/2022 | 1 | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294312 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | DTI [redacted] , max DTI due to exception [redacted] . Investor guidelines - Borrower business Narrative reflected [redacted] employees and a service business - guidelines state [redacted] expense ration. Lender just used a 12 month average | Reviewer Comment (2022-02-07): Received, Clearing. |
02/07/2022 | 1 | A | CA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294312 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | DTI [redacted] , max DTI due to exception [redacted] . Investor guidelines - Borrower business Narrative reflected [redacted] employees and a service business - guidelines state [redacted] expense ration. Lende | Reviewer Comment (2022-02-07): Received, Clearing. |
02/07/2022 | 1 | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294312 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted] moderately exceeds the guideline maximum of [redacted] . (DTI Exception is eligible to be regraded with compensating factors.) | DTI [redacted] , max DTI due to exception [redacted] . Investor guidelines - Borrower business Narrative reflected [redacted] employees and a service business - guidelines state [redacted] expense ration. Lende | Reviewer Comment (2022-02-07): Received, Clearing. |
02/07/2022 | 1 | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294315 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien | TRID Final Closing Disclosure [redacted] on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) | Sellers closing disclosure not in file. | Reviewer Comment (2022-02-17): Received, Clearing. Seller Comment (2022-02-17): Disagree - uploaded seller paid stmt |
02/17/2022 | 1 | A | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016649 | Property | Property - Appraisal | Appraisal Data Integrity | Property - Appraisal | Appraiser's license or certification was not active at the time of the appraisal. | - | There is no listing for the appraiser in the natioinal registry list. | Reviewer Comment (2022-02-15): Appraiser is in registry list |
02/15/2022 | 1 | A | FL | Primary | Purchase | D | B | C | A | C | B | D | A | Non QM | Non QM | No | |||||||||||||
| 437016649 | Credit | TRID | Document Error | TRID | Gift Funds reflected on the CD, however supporting documentation was not found in file. | - | There are no gift funds entered on the integrated disclosure or the asset section and are not needed to close this loan. Assets listed are sufficient to close & reserves. | Reviewer Comment (2022-02-22): Received, Clearing. |
02/22/2022 | 1 | A | FL | Primary | Purchase | D | B | C | A | C | B | D | A | Non QM | Non QM | No | |||||||||||||
| 437016649 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] did not disclose whether the loan will have an escrow account. | Closing CD reflects escrow accounts | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Disagree - Final CD shows Initial Escrow Payment at Closing in Section G to reflect Escrow Account selected on CD p4. |
02/15/2022 | 1 | A | FL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | D | B | C | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||||||
| 437016649 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Negative Amortization | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan contains Negative Amortization. | Final notice incorrectly disclosed negative amortization | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Disagree - Final CD indicates loan 'do not have a negative amortization feature' accurately on CD p4 |
02/15/2022 | 1 | A | FL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | D | B | C | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||||||
| 437016649 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien | TRID Final Closing Disclosure [Redacted] on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) | Seller CD not provided | Reviewer Comment (2022-02-17): Received, Clearing. Seller Comment (2022-02-17): Disagree - seller paid stmt uploaded |
02/17/2022 | 1 | A | FL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | D | B | C | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||||||
| 437016649 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Contact Information - Lender | TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on [Redacted] did not disclose the required Lender Contact Information (Lender Name, Lender NMLS ID, Contact Name, Contact NMLS ID). | Final CD did not provide NMLS for Lender Contact. | Reviewer Comment (2022-02-11): Received, Clearing. Seller Comment (2022-02-11): Disagree - uploaded final CD w. contact info along with NMLS |
02/11/2022 | 1 | A | FL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | D | B | C | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||||||
| 437016649 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Other Includes Insurance Costs | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed whether Homeowners insurance is included in escrow in incorrect section. Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table. Disclosure requirement met, non-material exception for incorrect format/placement. | Page 4 of final closing disclosure [redacted] not provided. | Reviewer Comment (2022-02-22): Received, Clearing. |
02/22/2022 | 1 | A | FL | Primary | Purchase | Good Faith Redisclosure | D | B | C | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||||||
| 437016649 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Partial Payments | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan allows for Partial Payments. | Page 4 of final closing disclosure [redacted] not provided. | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Disagree - Final CD indicates loan 'does not accept any partial payments' accurately on CD p4 |
02/15/2022 | 1 | A | FL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | D | B | C | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||||||
| 437016649 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] did not disclose Estimated Property Costs over Year 1. | Page 4 of final closing disclosure [redacted] not provided. | Reviewer Comment (2022-02-15): Received, Clearing. |
02/15/2022 | 1 | A | FL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | D | B | C | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||||||
| 437016649 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redacted] incorrectly disclosed whether the loan will have an escrow account. | Page 4 of final closing disclosure [redacted] not provided. | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Disagree - Final CD shows Initial Escrow Payment at Closing in Section G to reflect Escrow Account selected on CD p4. |
02/15/2022 | 1 | A | FL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | D | B | C | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||||||
| 437016649 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Miscellaneous. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | COC not provided for the change in fees and insufficient cure provided for fee exceeding tolerance. | Reviewer Comment (2022-02-22): Received, Clearing. Reviewer Comment (2022-02-15): [redacted] upon further review if the borrower-chosen service provider further outsourced the Miscellaneous Fee, an attestation from the seller is needed. The attestation/letter should confirm that the service was outsourced by the borrower-chosen provider. This attestation would allow us to test the fee under the no tolerance category with the understanding that the new fee added on the CD was imposed by a provider through which the borrower indirectly selected. Seller Comment (2022-02-15): Disagree - Borrower shopped title which required Miscellaneous fee of [redacted] was listed in Section C of CD p2 to reflect, COC not required |
02/22/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | C | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||||||
| 437016649 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | COC not provided for the change in fees and insufficient cure provided for fee exceeding tolerance. | Reviewer Comment (2022-03-18): [redacted] has received attestation confirming Survey fee under no tolerance. Seller Comment (2022-03-16): Disagree - uploaded survey attestation Reviewer Comment (2022-02-15): [redacted] upon further review if the borrower-chosen service provider further outsourced the Survey Fee, an attestation from the seller is needed. The attestation/letter should confirm that the service was outsourced by the borrower-chosen provider. This attestation would allow us to test the fee under the no tolerance category with the understanding that the new fee added on the CD was imposed by a provider through which the borrower indirectly selected. Seller Comment (2022-02-15): Disagree - Borrower shopped Title, which required Survey fee of [redacted] was listed in Section C of CD p2 to reflect, COC not required. See attached Final CD, Settlement Statement and Schedule B #9. ARC does not require Survey to be obtained |
03/18/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | C | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||||||
| 437016649 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | No proof of appraisal delivery in file | Reviewer Comment (2022-03-21): provided with trailing documents. |
03/21/2022 | 1 | A | FL | Primary | Purchase | D | B | C | A | C | B | D | A | Non QM | Non QM | No | |||||||||||||
| 437016649 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR 3.14% + 1.5%, or 4.64000%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2022-03-21): updated with receipt of trailing documents Reviewer Comment (2022-02-16): This is non-compliant due to TIL HPML Receipt of Appraisal exception. Seller Comment (2022-02-16): Disagree - NonQM requires passing Sect 32 - uploaded test passing |
03/21/2022 | 1 | A | FL | Primary | Purchase | D | B | C | A | C | B | D | A | Non QM | Non QM | No | ||||||||||||||
| 437016649 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | No proof of appraisal delivery in file | Reviewer Comment (2022-03-21): provided with trailing documents. Seller Comment (2022-03-21): Please see below email showing appraisal was sent to borrower on the same day management company sent it to broker. |
03/21/2022 | 1 | A | FL | Primary | Purchase | D | B | C | A | C | B | D | A | Non QM | Non QM | No | |||||||||||||
| 437016649 | Compliance | Compliance | Federal Compliance | Missing Disclosure | Notice of Special Flood Hazard Disclosure Not Provided Timely | FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. | Not provided | 2 | B | FL | Primary | Purchase | D | B | C | A | C | B | D | A | Non QM | Non QM | No | |||||||||||||||
| 437016649 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 | Secondary valuation not provided | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-12): Invalid Finding: Secondary valuation not required, SSRs show [redacted] or less |
02/14/2022 | 1 | A | FL | Primary | Purchase | D | B | C | A | C | B | D | A | Non QM | Non QM | No | ||||||||||||||
| 437016649 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted]on Final Closing Disclosure provided on [Redacted] not accurate. | Reviewer Comment (2022-02-22): PC CD Seller Comment (2022-02-21): Disagree - PCCD and LOX uploaded |
02/22/2022 | 2 | B | FL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | D | B | C | A | C | B | D | A | Non QM | Non QM | Yes | |||||||||||||
| 436294316 | Compliance | Compliance | Federal Compliance | ATR/QM | Investment Property submitted as Non-QM / Exempt from ATR | Ability to Repay (Dodd-Frank 2014): Improper Originator Loan Designation. Investment property not subject to Ability to Repay requirements. | Investment property not subject to Ability to Repay requirements. | 2 | B | FL | Investment | Purchase | C | B | C | A | B | B | A | A | Non QM | N/A | No | |||||||||||||||
| 436294316 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | Loan file did not contain a Letter of Explanation for the following: NSF [redacted] NSF IRS [redacted] NSF IRS [redacted] | Reviewer Comment (2022-02-11): Received, Clearing. Seller Comment (2022-02-10): Exception approved. |
02/11/2022 | 1 | A | FL | Investment | Purchase | C | B | C | A | B | B | A | A | Non QM | N/A | No | |||||||||||||
| 437016650 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Lender to provide SSPL so the title fees can be brought into tolerance. | Reviewer Comment (2022-03-18): [redacted] received the attestation confirming that the service was outsourced by the borrower-chosen provider hence after review exception has been cleared. Seller Comment (2022-03-16): Disagree - uploaded survey attestation Reviewer Comment (2022-03-09): [redacted]: Agreed Survey Fee was listed in Section C - borrower shopped. However as Survey fee was not disclosed in LE's unable to determine from the file whether the lender or title company requried the survey. If the lender required the survey fee then a cure is due to the borrower. If the borrower-chosen service provider further outsourced the Survey Fee, an attestation on exception from the seller is needed. The attestation/letter should confirm that the service was outsourced by the borrower-chosen provider. This attestation would allow us to test the fee under the no tolerance category with the understanding that the new fee added on the CD was imposed by a provider through which the borrower indirectly selected. In case if the fee was not required by Lender or Title and it was opted by the borrower provide corrected PCCD moving the fee to Section H with LOE. Seller Comment (2022-03-08): Disagree - Borrower shopped, Survey fee of [redacted] was listed in Section C of CD p2 to reflect, COC not required, uploaded final CD and SSPL Reviewer Comment (2022-02-24): Please provide SSPL dcoument because we are unable to determine allocation of fees to providers and determine if the fee addition is acceptable or requires cure. Seller Comment (2022-02-24): Disagree - Borrower shopped title, which required Survey to be obtained with fee of [redacted]. Fee accurately listed in Section C of CD p2 to reflect, COC not required |
03/18/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016650 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Examination Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Lender to provide SSPL so the title fees can be brought into tolerance. | Reviewer Comment (2022-03-07): [redacted] Received Settlement service Provider List therefore no cure required. Reviewer Comment (2022-02-24): Please provide SSPL dcoument because we are unable to determine allocation of fees to providers and determine if the fee addition is acceptable or requires cure. Seller Comment (2022-02-24): : Disagree . Borrower shopped Title, which required Title-Title Exam/Abstract fee of [redacted] was listed in Section C of CD p2 to reflect, COC not required |
03/07/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016650 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [redacted] exceeds tolerance of[redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. Fee was not disclosed on LE it was only disclosed on Final CD. | Reviewer Comment (2022-03-09): [redacted]: Suffcient cure provided at closing. Seller Comment (2022-03-08): Disagree - Transfer Taxes was increased from [redacted] to [redacted] between the Initial LE dated [redacted] to the CD dated [redacted]. However the cure amount of [redacted] provided in Cd dated [redacted] to resolve the zero tolerance violation, uploaded Final CD and SSPL Reviewer Comment (2022-02-24): Please provide SSPL dcoument because we are unable to determine allocation of fees to providers and determine if the fee addition is acceptable or requires cure. Seller Comment (2022-02-24): Disagree. Transfer Taxes was increased from [redacted] to [redacted] between the Initial LE dated [redacted] to the CD dated [redacted]. However the cure amount of [redacted] provided in Cd dated [redacted] to resolve the zero tolerance violation. |
03/09/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016650 | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | Lender to provide copy of initial 1003 - not in file. | 2 | B | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 437016650 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Abstract / Title Search. Fee Amount of[redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Lender to provide SSPL so the title fees can be brought into tolerance. | Reviewer Comment (2022-03-07): [redacted] Received Settlement service Provider List therefore no cure required. Reviewer Comment (2022-02-24): Please provide SSPL document because we are unable to determine allocation of fees to providers and determine if the fee addition is acceptable or requires cure Seller Comment (2022-02-24): Disagree . Borrower shopped title, which required Title-Title Exam/Abstract fee of [redacted] was listed in Section C of CD p2 to reflect, COC not required |
03/07/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016650 | Compliance | Compliance | Federal Compliance | TRID | TRID Settlement Service Provider Status | TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. | Lender to provide SSPL list. | Reviewer Comment (2022-03-07): [redacted] Received Settlement Service provider List. |
03/07/2022 | 1 | A | FL | Primary | Purchase | No Defined Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 437016650 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus 10% or [redacted]. Insufficient or no cure was provided to the borrower. | Total fees were disclosed on LE of [redacted] as [redacted] fees was disclosed as [redacted]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2022-03-07): [redacted] Received Settlement service Provider List therefore no cure required. Seller Comment (2022-03-04): Disagree - SSPL uploaded Reviewer Comment (2022-02-24): Please provide SSPL document because we are unable to determine allocation of fees to providers and determine if the fee addition is acceptable or requires cure Seller Comment (2022-02-24): Disagree - Under the [redacted] tolerance the recording fee in Section-E was not increased from the Initial LE to Final CD, and the Title fees were listed in Section-C (Borrower did shop for). Therefore no cure required |
03/07/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016650 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations not provided to applicant within three (3) business days of application. | Lender to provide proof of when the counseling organizations list was provided to the borrower - only document in file is from day of closing. | 2 | B | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016650 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [redacted] exceeds tolerance of[redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2022-03-18): Sufficient Cure Provided At Closing |
03/18/2022 | 1 | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| 437016651 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The title and the appraisal show that the subject property is not in a PUD. No HOA doc's have been provided. Yet , the lender shows a monthly fee for HOA dues of $ [redacted] as well as the CD's provided to the borrower. Please send the borrower a letter of explanation and a PCCD. Also send same for review and note that once received additional conditions may apply. | Reviewer Comment (2022-03-01): Received, Clearing. Seller Comment (2022-03-01): Attached is signed Initial CD and Final CD showing no HOA disclosed or collected. PCCD is not required. |
03/01/2022 | 1 | A | GA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016651 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. | The lender has a monthly fee for HOA and subject property is not located in a [redacted]. Please send the borrower a letter of explanation and a PCCD. Also send same for review and note that once received additional conditions may apply. |
Reviewer Comment (2022-02-11): PC CD Seller Comment (2022-02-11): Disagree - PCCD and LOX uploaded |
02/11/2022 | 2 | B | GA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016651 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted] is less than amount of binding Lender Credit previously disclosed in the amount of[redacted] | There have been COC's provided . However , the reason for the change does not have a valid reason on the COC and therefore can not be used. Without a valid reason cures are due to the borrower for the lender credit due and the increase in fee's. There was a cure already given of [redacted] but with all the cures due there is no way to determine what it is for. | Reviewer Comment (2022-03-18): [redacted] received valid changed circumstance and additional information Seller Comment (2022-03-17): Disagree - Lender Credit - [redacted] to [redacted] - COC CD dated [redacted] - lock update,[redacted] pts, [redacted] lender credit - due to exception approval creating a pricing change to rate lock, uploaded Exception Approval, Rate Lock Update and COC CD. Reviewer Comment (2022-02-24): [redacted] received [redacted] changed circumstance. However, it does not specify the reasons for the lender credit decrease. The transfer tax and recording fee increases and tolerance cure are separate lender credit than the [redacted] lender credit disclosed on previous disclosure and is a cure to other tolerance violations. Provide additional information to support a valid changed circumstance for the lender credit decrease from [redacted] to [redacted] (not cure credit) otherwise cure would be due to borrower. Seller Comment (2022-02-23): Disagree - COC issued on [redacted] reflecting the lender credit as [redacted] and the cure amount of [redacted] provided in CD issued on [redacted]. Recording fee and Transfer Taxes was increased in CD issued on [redacted] while comparing with the CD issued on [redacted]. Recording Fee increased from [redacted] to [redacted] ([redacted]tolerance applicable) therefore the cure for this is [redacted] and Transfer Fee increased from [redacted] to $1008 (zero tolerance applicable) therefore the cure for this is [redacted]. Overall cure for zero percent and [redacted] is [redacted]. |
03/18/2022 | 1 | A | GA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016651 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | There have been COC's provided . However , the reason for the change does not have a valid reason on the COC and therefore can not be used. Without a valid reason cures are due to the borrower for the lender credit due and the increase in fee's. There was a cure already given of [redacted] but with all the cures due there is no way to determine what it is for. | Reviewer Comment (2022-03-18): [redacted] received valid changed circumstance and additional information Seller Comment (2022-03-17): Disagree - Discount Points - [redacted]to [redacted]- COC CD dated [redacted] - lock update, [redacted] pts, [redacted] lender credit - due to exception approval creating a pricing change to rate lock, uploaded rate lock change, COC CD and exception approval Reviewer Comment (2022-02-24): [redacted] received COC dated [redacted] but the reason for change is not mentioned on the document, please provide updated COC stating reason for change in pricing or cure documents are required. Seller Comment (2022-02-23): Disagree - Accurate revised COC issued on [redacted] and CD issued on [redacted] with details indicating Loan discount point added [redacted] uploaded COC CD |
03/18/2022 | 1 | A | GA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016651 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $60.00 exceeds tolerance of [redacted] plus 10% or [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure at closing | Reviewer Comment (2022-03-18): Sufficient Cure Provided At Closing |
03/18/2022 | 1 | A | GA | Primary | Purchase | Final CD evidences Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016651 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure at closing | Reviewer Comment (2022-03-18): Sufficient Cure Provided At Closing |
03/18/2022 | 1 | A | GA | Primary | Purchase | Final CD evidences Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016652 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 | A secondary valuation was not provided for securitization. | Reviewer Comment (2022-02-22): Received, Clearing. Seller Comment (2022-02-22): Disagree - Appraisal Value [redacted]. VeroValue (AVM) is [redacted]. This is within [redacted] of value ([redacted]) and the confidence score is [redacted] |
02/22/2022 | 1 | A | FL | Primary | Purchase | D | B | C | A | A | A | D | B | Non QM | Non QM | No | ||||||||||||||
| 437016652 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has been affected by the disaster. | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Disagree - attached appraisal was completed [redacted] as-is |
02/15/2022 | 1 | A | FL | Primary | Purchase | D | B | C | A | A | A | D | B | Non QM | Non QM | No | |||||||||||||||
| 437016652 | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | - | The lender listed on the Appraisal is [redacted]. | 2 | B | FL | Primary | Purchase | D | B | C | A | A | A | D | B | Non QM | Non QM | No | |||||||||||||||
| 436294320 | Credit | Asset | Asset Calculation / Analysis | Asset | Guideline Requirement: Available for Reserves discrepancy. | Calculated Available for Reserves of ___ is less than Guideline Available for Reserves of ___. | Reviewer Comment (2022-02-07): Received, Clearing. Seller Comment (2022-02-07): Disagree - not a valid finding , - XXX[redacted] + XXXXXX[redacted]; Cash Back to borrower. Total Assets used for Reserves is sufficient for Guideline requirement of [redacted] |
02/07/2022 | 1 | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016653 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI does not cover the loan amount and there was no extended coverage noted. Lender to provide RCE as there was no value for this on the appraisal. | Reviewer Comment (2022-02-14): Received, clearing. Seller Comment (2022-02-11): RCE is illegal in state of Florida see email to clear finding |
02/14/2022 | 1 | A | FL | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016653 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Lender to provide proof of undiscounted rate to clear this. | Reviewer Comment (2022-03-02): [redacted] received updated CD along with valid COC on [redacted] for the Loan discount point increased due to Loan amount changed. Seller Comment (2022-03-01): there was a lock extension done on [redacted], discount change reflected in the attached Reviewer Comment (2022-02-25): "[redacted] loan discount point was increased on [redacted] and file does not contain a valid COC please provide valid COC for [redacted] or required cure in order to clear this exception. Seller Comment (2022-02-24): Disagree- Discount points in LE dated [redacted] and [redacted] was [redacted]. The same got decreased to [redacted] ([redacted] as per COC) on the LE dated [redacted]. We have a valid COC dated [redacted] was provided for the same. Initial CD dated [redacted] was also shows discount points as [redacted]. But the same got increased to [redacted] in the Redisclosed CD dated [redacted] and we are provided with a valid COC dated [redacted] for the increase in the Discount points. Discount points was increased from [redacted] in Redisclosded CD dated [redacted] to [redacted]in the Redisclosed CD dated [redacted]. Also we have a Valid COC dated [redacted] for the Increase in the Discount points. Hence we are provided with valid COC's for all the changes in the Discount points |
03/02/2022 | 1 | A | FL | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016653 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Originator Compensation. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Lender provided a [redacted] cure but this was insufficient with the lender credit violation. Provide proof of undiscounted rate. | Reviewer Comment (2022-03-02): [redacted] received updated CD along with valid COC on [redacted] for the Loan Originator compensation fee increased due to Loan amount changed. Seller Comment (2022-03-01): Comp increase is tied to the change in loan amount on [redacted], that's a valid change Reviewer Comment (2022-02-25): "[redacted] Loan Originator Compensation was increased on [redacted] and file does not contain a valid COC please provide valid COC for [redacted] or required cure in order to clear this exception. Seller Comment (2022-02-24): Disagree - Loan Originator Compensation fee was increased from [redacted] on Initial CD dated [redacted] to [redacted] on Redisclosed CD dated [redacted]. We have a valid COC dated [redacted] for the increase in the Loan Originator Compensation fee due to loan amount increase. Again it was increased from [redacted] on redisclosed CD dated [redacted] to [redacted] on Final CD dated [redacted]. A COC dated [redacted] was provided for the increase in Loan Originator Compensation fee from [redacted] to [redacted] |
03/02/2022 | 1 | A | FL | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016653 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Lender provided a [redacted]cure but this was insufficient with the lender credit violation. Provide proof of undiscounted rate. | Reviewer Comment (2022-03-02): [redacted] received sufficient cure at closing for the Transfer tax increased. Reviewer Comment (2022-02-28): [redacted] after further review, Digital Access/Storage is updated in Section C, it's not a Title Fee and it was not disclosed on LE. If the borrower choose this fee, the fee belongs in Section H. As the fee is updated in Section C it's tested as Lender required fee. Please provide a PCCD with the fees moved to Section H along with a LOE or provide Cure documents. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Seller Comment (2022-02-25): Disagree - Borrower shopped title which required that addition [redacted] - uploaded initial CD and title prelim CD for title fees Reviewer Comment (2022-02-18): Digital access/storage (miscellaneous) fee increased without disclosure to borrower. Total cure required [redacted]. Cure provided of [redacted] insufficient to clear exception. Seller Comment (2022-02-18): Disagree - Total Cure provided on final CD = [redacted] to cover intangible tax amount of [redacted]. Total tax stamps included [redacted] County Tax Stamps and [redacted] Intangible Tax. Accurate cure provided |
03/02/2022 | 1 | A | FL | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016653 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of[redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2022-03-02): Sufficient Cure Provided At Closing |
03/02/2022 | 1 | A | FL | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||
| 437016653 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Service Charges. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | [redacted] received Corrected CD issued[redacted] which is 60 days after closing. Fees must be compared to Final Settlement Statement to confirm matching fees. [redacted] executed ALTA Borrower's Settlement Statement in file does not match up to being a Title fee and shows under Loan Charges as Digital Access/Storage to [redacted]t but Corrected CD revised to name as Title-Elec Document Delivery fee (Miscellaneous fee name on Final CD). As fee was not originally shown as title fee and does not match to Final Settlement Statement as a title fee, would need attestation from title company on letterhead that fee was outsourced by the borrower-chosen provider to test at no tolerance. | Reviewer Comment (2022-03-18): Sufficient Cure Provided At Closing |
03/18/2022 | 1 | A | FL | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294322 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted] prior to three (3) business days from transaction date of [redacted] . | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Disagree - Note was signed on [redacted] with Disbursement Date of [redacted] accurately. |
02/15/2022 | 1 | A | FL | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||
| 436294322 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Disagree - Notice of Right to Cancel was signed on[redacted] with expiration of [redacted] correctly stated |
02/15/2022 | 1 | A | FL | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||
| 436294323 | Compliance | Compliance | State Compliance | State HPML | North Carolina Rate Spread Threshold Test Compliant | North Carolina Rate Spread Home Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted] , or [redacted] . Compliant Rate Spread Home Loan. | Higher priced loan. | 2 | B | NC | Primary | Purchase | Within 90 days of closing and prior to institution of any action against the lender, (1) notify the borrower, and (2) make appropriate restitution at the option of the borrower to either (a) make the loan comply with prohibited acts and practices or (b) change the terms of the loan in a manner beneficial to the borrower so the loan is no longer rate spread. (Narrow Defense - Requires CHD Approval) Within 120 days of discovery , which compliance failure was not intentional and resulted from a bona fide error, creditor must: (1) provide Lender Attestation to AMC attesting the failure was not intentional and was a bona fide error notwithstanding procedures in place to prevent such loans from being made (specific details on how rate spread home loan was made despite procredures to prevent); (2) notify the borrower, and make appropriate restitution at the option of the borrower to either (a) make the loan comply with prohibited acts and practices or (b) change the terms of the loan in a manner beneficial to the borrower so the loan is no longer rate spread. |
C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| 436294323 | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. | - | The qualifying DTI on the loan is at least 10% less than the guideline maximum. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has worked in the same position for more than 3 years. Borrower has verified disposable income of at least $2500.00. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. |
comp factors | Owner Owner Owner Owner Owner Owner,Originator Pre-Close,Originator,Aggregator |
Reviewer Comment (2022-02-01): comp factors Reviewer Comment (2022-01-14): NA, waived |
02/01/2022 | 1 | A | NC | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| 437016655 | Property | Property - Appraisal | Appraisal Data Integrity | Property - Appraisal | Appraiser's license or certification was not active at the time of the appraisal. | - | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-12): Invalid finding: Appraisal is dated [redacted] and appraiser license expires [redacted]as shown on page 6 of the appraisal and page 36 of the package |
02/14/2022 | 1 | A | TX | Primary | Purchase | C | B | A | A | C | B | C | A | Non QM | Non QM | No | ||||||||||||||
| 437016655 | Compliance | Compliance | Federal Compliance | TRID | TRID Appraisal Disclosure - ECOA Timing | ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. | ECOA using initial Loan Estimate for consumer right to receive copy of the appraisal was provided [redacted], and initial application date was [redacted]. | 2 | B | TX | Primary | Purchase | C | B | A | A | C | B | C | A | Non QM | Non QM | Yes | |||||||||||||||
| 437016655 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. | Initial Loan Estimate is required to be received by borrower at three business days from date of application. Based on documentation in file, the LE was received by borrower on [redacted]. Evidence of earlier receipt of LE was not located in file. | Reviewer Comment (2022-03-11): [redacted] Received Initial LE. Seller Comment (2022-03-09): Please see attached details for above exception. Reviewer Comment (2022-02-24): [redacted] Application date is [redacted] and earliest LE in file is dated [redacted] which is not within [redacted] days of the application. Provide LE within[redacted]days of the application. Seller Comment (2022-02-24): Disagree - Initial disclosure package issued same day as application interview date [redacted] |
03/11/2022 | 1 | A | TX | Primary | Purchase | C | B | A | A | C | B | C | A | Non QM | Non QM | No | |||||||||||||
| 437016655 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as[redacted] on LE but disclosed as [redacted] on Final Closing Disclosure. Cure of [redacted]was provided on final CD but insufficient cure amount of .[redacted]. Provide a post-close CD disclosing the tolerance cure of .[redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2022-01-18): Sufficient Cure Provided At Closing |
01/18/2022 | 1 | A | TX | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | C | A | Non QM | Non QM | Yes | ||||||||||||
| 437016655 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Older Than 30 days When Provided to Borrower | RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations was older than 30 days when provided to borrower. | 2 | B | TX | Primary | Purchase | C | B | A | A | C | B | C | A | Non QM | Non QM | No | ||||||||||||||||
| 437016655 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations not provided to applicant within three (3) business days of application. | The file was missing evidence of the Homeownership Counseling Organizations provided to borrower within 3 days of initial application. | 2 | B | TX | Primary | Purchase | C | B | A | A | C | B | C | A | Non QM | Non QM | No | |||||||||||||||
| 436294327 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of ___ is less than Cash From Borrower ___. | Borrower needed [redacted] to close; [redacted] verified in file. Lender to provide proof of sufficient funds for closing. | Reviewer Comment (2022-02-07): Received, Clearing. Seller Comment (2022-02-07): Exception disapproved. Invalid finding: required funds for closing was[redacted] which is less then [redacted] in file. Printed updated 1008 to show correct funds for closing. |
02/07/2022 | 1 | A | WA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||
| 436294327 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ ___ ___ |
Lender to provide missing REO documents: 1) for [redacted] , proof of PITI for[redacted] Loan disclosed on final 1003; 2) for [redacted] , lease agreement (rental income was used to qualify, no lease in file); 3) for [redacted] , proof of PITI for [redacted] Loan disclosed on final 1003; 4) for [redacted] , lease agreement (rental income was used to qualify, no lease in file); 5) for [redacted] , legible HOI cert (can't read premium on document in file). 6) for [redacted] , proof of PITI for [redacted] Loan disclosed on final 1003; 7) for [redacted] , proof of PITI for [redacted] Loan disclosed on final 1003; 8) for [redacted] , copy of note or VOM for property verifying P/I (D0408 doesn't identify the property); 9) for [redacted] , proof of PITI for [redacted] Loan disclosed on final 1003; 10) for [redacted] , proof of PITI for [redacted] Loan disclosed on final 1003; 11) for [redacted] , proof of PITI for [redacted] Loan disclosed on final 1003 | Reviewer Comment (2022-02-07): Received, Clearing. Seller Comment (2022-02-07): No rental income was used in qualifying. It was listed on the 1003, but not used in actual calculations. Updated 1003 with correct information. Find attached final CDs for other properties that closed simultaneously. |
02/07/2022 | 1 | A | WA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||
| 437016657 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | The file is missing [redacted]. | Reviewer Comment (2022-02-11): Received, Clearing. Seller Comment (2022-02-11): [redacted] W2 attached |
02/11/2022 | 1 | A | NJ | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||
| 437016657 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Reviewer Comment (2022-03-23): Received, Clearing. Seller Comment (2022-03-23): Per management the (HVE) amount [redacted] of can be used to cover the replacement cost verse dwelling [redacted] or total [redacted]. We have attached. Reviewer Comment (2022-02-10): Need updated coverage amount or RCE showing replacement cost less as appraisal reflects much higher replacement cost. Seller Comment (2022-02-10): HOI policy covers [redacted] replacement cost/value. "RCV" provided at closing |
03/23/2022 | 1 | A | NJ | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||||
| 436294328 | Credit | Guideline | Guideline Issue | Guideline | Aged document: Asset Account date is more than 90 days prior to Closing. | - | Asset documentation for [redacted] was expired. Lender to provide updated document or proof that exception was made. | Reviewer Comment (2022-02-10): Received. Clearing. Seller Comment (2022-02-10): IRA account statement was expired at closing funds not needed for reserves "Removed" Uploaded 1003 & 1008 |
02/10/2022 | 1 | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294328 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan originated with PITI from exit property not being counted in ratios. Per loan documentation the borrower appears to still own it. No documentation in file found to exclude debt. Lender to provide documentation to verify why the debt was excluded. | Reviewer Comment (2022-02-14): Received, Clearing. |
02/14/2022 | 1 | A | TX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294328 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [redacted] moderately exceeds the guideline maximum of [redacted] . (DTI Exception is eligible to be regraded with compensating factors.) | Loan originated with PITI from exit property not being counted in ratios. Per loan documentation the borrower appears to still own it. No documentation in file found to exclude debt. Lender to provide documentation to verify why the debt was excluded. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-12): Disagree - uploaded 1008, 1003 and income calc wksht showing within guidelines |
02/14/2022 | 1 | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294328 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Loan originated with PITI from exit property not being counted in ratios. Per loan documentation the borrower appears to still own it. No documentation in file found to exclude debt. Lender to provide documentation to verify why the debt was excluded. | Reviewer Comment (2022-02-14): Received, Clearing. Reviewer Comment (2022-02-10): Cannot back into your DTI. Please advise where your calculations came from. Buyer Comment (2022-02-10): Rebut: Calculated DTI: [redacted] |
02/14/2022 | 1 | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294328 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Loan originated with PITI from exit property not being counted in ratios. Per loan documentation the borrower appears to still own it. No documentation in file found to exclude debt. Lender to provide documentation to verify why the debt was excluded. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-12): Disagree - income docs uploaded showing not at ATR risk |
02/14/2022 | 1 | A | TX | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294329 | Credit | Missing Document | General | Missing Document | Missing Document: Explanation Letter not provided | The deposit into the borrower's XXXXX XXXXX account [redacted] for [redacted] on [redacted] was not sourced. | Reviewer Comment (2022-02-10): Received. Clearing. Seller Comment (2022-02-10): Rebut the Source of the [redacted] Deposit is uploaded on [redacted] Prior to the CTC Date of [redacted] |
02/10/2022 | 1 | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294331 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Payment Shock exceeds credit guidelines. | Reviewer Comment (2022-02-15): meets guideline [redacted] Seller Comment (2022-02-15): Rebut: Per 1003 & Credit Report, borrower is not 1st time home owner Payment less than [redacted] |
02/15/2022 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||||||
| 437016660 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within three (3) business days of application. Initial Loan Estimate dated[Redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | E-Sign consent was date [redacted] for the borrower. | Reviewer Comment (2022-03-10): [redacted] received proof initial package sent by other method within 3 business days of application. Seller Comment (2022-03-10): Loan App taken on [redacted] (Sat); LE and Loan Package manually fulfilled on [redacted] (Wed), which is within [redacted] business days of the application date. Documents mailed when activity log indicates 'eSign event Expired' |
03/10/2022 | 1 | A | CT | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 437016660 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | There is no valid change of circumstance on file for the Appraisal Re-Inspection Fee. Fee Increased, no cure. Fee Amount of [redacted] |
Reviewer Comment (2022-03-16): [redacted] Receive duplicate LE dated [redacted] and COC dated 10/18 therefore no cure required. Seller Comment (2022-03-15): Disagree- Appraisal Re-Inspection Fee was added to [redacted]in the Redisclosed LE dated [redacted] from LE dated [redacted], valid COC dated [redacted] for the increase in the Appraisal Re-Inspection Fee Reviewer Comment (2022-03-10): [redacted] upon further review received COC and LE dated [redacted] however we require additional information as the provided information on COC is not sufficient. Please provide valid COC or cure documents. Seller Comment (2022-03-08): Disagree - [redacted] COC LE was issued for adding Appraisal re-inspection fee required |
03/16/2022 | 1 | A | CT | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016662 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Borrower was not provided with a COC | Reviewer Comment (2022-03-18): [redacted] upon further review, received Attestation for Survey fee. Seller Comment (2022-03-16): Disagree - Attestation uploaded confirming the Survey was required and outsourced by the borrower-chosen title provider. Reviewer Comment (2022-03-10): [redacted] received final CD and SSPL, as per your comment the Survey fee is borrower shopped and not lender required for this, provide attestation from seller which confirm hat the service was outsourced by the borrower-chosen provider. This attestation would allow us to test the Survey fee under the no tolerance category. Seller Comment (2022-03-08): Disagree - Borrower shopped, Survey fee of [redacted] was listed in Section C of CD p2 to reflect, COC not required, uploaded Final CD and SSPL |
03/18/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016662 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after [Redacted] contains a change in APR and was not received by borrower at least three (3) business days prior to consummation | Reviewer Comment (2022-02-18): Received, Clearing. Buyer Comment (2022-02-18): Disagree - Final CD at closing dated [redacted] contains APR [redacted]is not considered inaccurate based on previously issued COC CD dated [redacted] with APR [redacted] |
02/18/2022 | 1 | A | FL | Primary | Purchase | TRID timing exception, no remediation available. | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 437016664 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | Reviewer Comment (2022-02-22): provided Seller Comment (2022-02-21): Disagree - uploaded flood cert |
02/22/2022 | 1 | A | FL | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294334 | Credit | Missing Document | General | Missing Document | Missing Document: Bank Statements - Business not provided | Reviewer Comment (2022-02-11): Received, Clearing. Seller Comment (2022-02-11): Rebut: Business Bank Statements were in the file |
02/11/2022 | 1 | A | NY | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294334 | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. | 2 | B | NY | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||||||||
| 436294336 | Compliance | Compliance | State Compliance | State Defect | South Carolina Home Loan (Acknowledgement of Receipt of Complaint Agency Disclosure Not In File) | [redacted] Home Loan: Borrower did not acknowledge receipt of document specifying the agency designated to receive complaints or inquiries about the origination and making of the loan. | Reviewer Comment (2022-02-16): Received, Clearing. Seller Comment (2022-02-16): Disagree - uploaded SC Application Notice along with 1003 provided as part of initial disclosure package and signed by borrower |
02/16/2022 | 1 | A | SC | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294336 | Compliance | Compliance | State Compliance | State Defect | South Carolina CHL Complaint Agency Disclosure Timing Test | [redacted] Home Loan: Borrower not provided with a document, at time of application, specifying the agency designated to receive complaints or inquiries about the origination and making of the loan. | Reviewer Comment (2022-02-16): Received, Clearing. Seller Comment (2022-02-16): Disagree - uploaded SC Application Notice along with 1003 provided as part of initial disclosure package and signed by borrower |
02/16/2022 | 1 | A | SC | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 436294336 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | 2 | B | SC | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436294336 | Compliance | Compliance | Federal Compliance | FACTA | FACTA Disclosure Missing | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. | 2 | B | SC | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 437016668 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Amendment Fee. Fee Amount of [redacted] exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | COC not provided for the change of fee and no cure provided for fee exceeding tolerance. | Reviewer Comment (2022-03-21): [redacted] received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund Check. Seller Comment (2022-03-18): PCCD misprinted, Miscellaneous fee was intended to be for State Withholding Assistance, on the update it moved into the Sub Escrow line. Refund for [redacted] was issued today, docs attached Reviewer Comment (2022-03-18): [redacted] received Corrected CD issued [redacted]which exceeds [redacted] days fro closing. The final Settlement statement must be viewed to match up with fees. However, the fees that were updated in Section C of title fees do not match to the Final Settlement Statement which reflects State Witholding Assistance of [redacted] (not disclosed on PCCD) and Title-SubEscrow fee of [redacted] (disclosed as [redacted] on PCCD). Provide updated Final Settlement Statement to match fees. Seller Comment (2022-03-17): Disagree - uploaded clerical PCCD and LOX to adjust title fee name Reviewer Comment (2022-02-24): [redacted] as per the comment the borrower shopped for the Miscellaneous fee. However, the fee is not a Title fee. Please provide Post CD along with LOX to reflect the fee name as Title fee in order to clear the exception. Seller Comment (2022-02-23): DISAGREE - Borrower shopped, Miscellaneous fee of [redacted] was listed in Section C of CD p2 to reflect, COC not required |
03/21/2022 | 2 | B | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016668 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | No evidence of appraisal being provided | 2 | B | CA | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016669 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) | Texas Constitution Section 50(a)(6): Acknowledgment of the Fair Market Value not properly executed by the Lender. | Texas Constitution Section 50(a)(6): Acknowledgment of the Fair Market Value is not signed by the lender. | Reviewer Comment (2022-02-14): provided Seller Comment (2022-02-13): Disagree - TX fair market value doc signed uploaded |
02/14/2022 | 1 | A | TX | Primary | Refinance - Cash-out - Other | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents, (AFMV signed by the lender), and obtain an executed copy; OR (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | D | B | C | B | D | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016669 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | The loan LTV is higher than what the guidelines allow for Bankruptcies >= 12 < 24 months. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has worked in the same position for more than 3 years. Borrower has verified disposable income of at least $2500.00. Borrower has owned the subject property for at least 5 years. Borrower has been employed in the same industry for more than 5 years. |
Owner Owner Owner Owner Owner Owner |
Reviewer Comment (2022-03-24): Exception provided. Seller Comment (2022-03-22): Exception approved. Reviewer Comment (2022-03-22): Exception provided doesn't belong to this loan. Seller Comment (2022-03-22): The Exception has been approved for this loan. |
03/24/2022 | 2 | B | TX | Primary | Refinance - Cash-out - Other | D | B | C | B | D | A | A | A | Non QM | Non QM | No | |||||||||||
| 436294339 | Compliance | Compliance | State Compliance | Misc. State Level | Colorado Consumer Credit Code (First Lien Refinance Notice Not Provided) | Colorado Consumer Credit Code: Borrower not provided First Lien Refinance Notice. | 2 | B | CO | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436294341 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Mismatch in escrow statement on CD | 2 | B | CA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 436294343 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | - | Reviewer Comment (2022-02-17): Received, Clearing. Seller Comment (2022-02-17): see attached documents dated within [redacted] days of note date. |
02/17/2022 | 1 | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| 436294346 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. | CD did not state escrow fees or account | Reviewer Comment (2022-02-18): PC CD Seller Comment (2022-02-18): Disagree - PCCD and LOX uploaded |
02/18/2022 | 2 | B | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294346 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] incorrectly disclosed whether the loan will have an escrow account. | CD did not state escrow fees or account | Reviewer Comment (2022-02-18): PC CD Seller Comment (2022-02-18): Disagree - PCCD and LOX uploaded |
02/18/2022 | 2 | B | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016670 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | No valid change in circumstance for this fee change. | Reviewer Comment (2022-02-14): [redacted] upon further review as survey fee was title requirement no further action required Seller Comment (2022-02-13): Disagree - Borrower shopped title. Title required Survey as part of Schedule B and disclosed Fee of [redacted] was listed in Section C of CD p2 to reflect, COC not required |
02/14/2022 | 1 | A | NJ | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294351 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | In compliance | 2 | B | CA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294352 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Issue and Received Date > Closing Disclosure Issue and Received Date | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (The Revised Loan Estimate was received on or after the Closing Disclosure.) | Reviewer Comment (2022-02-16): Received, Clearing. Seller Comment (2022-02-16): Disagree - Initial Disclosure package issued[redacted]; Revised Loan Estimate issued[redacted] for rate lock and initial CD issued [redacted]. |
02/16/2022 | 1 | A | CO | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294355 | Credit | Insurance | Insurance Analysis | Insurance | Hazard Insurance Policy expires within 90 days of the Note Date. | Hazard Insurance Policy Expiration Date ___, Note Date ___ | 2 | B | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||||||
| 436294356 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien | TRID Final Closing Disclosure [redacted] on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. (Points and Fees testing limited to Borrower paid fees.) | Lender to provide seller CD - not in file. | Reviewer Comment (2022-02-17): Received, Clearing. Seller Comment (2022-02-17): Disagree - uploaded seller paid stmt |
02/17/2022 | 1 | A | OK | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294356 | Compliance | Compliance | State Compliance | State HPML | (State HPML) Oklahoma Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) | Oklahoma Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted] , or [redacted] . Compliant Higher Priced Loan. | Higher priced loan | 2 | B | OK | Primary | Purchase | No obvious cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016671 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. | The Initial Loan Estimate is missing from the file, however, there is evidence that the Mortgage Loan Application Package was delivered and signed by Borrower on [redacted]. | Reviewer Comment (2022-02-18): Received, Clearing. Seller Comment (2022-02-18): Disagree - Initial Disclosure Package issued [redacted] same day as application interview date and signed by borrower [redacted] |
02/18/2022 | 1 | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 437016671 | Compliance | Compliance | Federal Compliance | TRID | TRID Settlement Service Provider Status | TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. | The file is missing evidence of delivery of the Settlement Service Providers List. | Reviewer Comment (2022-03-11): [redacted] received SSPL |
03/11/2022 | 1 | A | FL | Primary | Purchase | No Defined Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 437016671 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of[redacted]exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Appraisal fee increased from [redacted] to [redacted] without a valid change of circumstance. | Reviewer Comment (2022-03-10): [redacted]upon further review sufficient cure provided at closing. Seller Comment (2022-03-09): Disagree - Appraisal Fee increased [redacted]from Final LE dated [redacted] to [redacted] in ICD dated [redacted]. The Difference of [redacted] provided as a cure in a CD dated [redacted]. Therefore the zero tolerance violation cured with the provided cure amount |
03/10/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016671 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Examination Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Title - Examination fee increased from [redacted] to [redacted] without a valid change of circumstance. | Reviewer Comment (2022-03-11): [redacted]received updated SSPL and Borrower didn't shop from the given service provider list. Fee is not bound by a tolerance. Seller Comment (2022-03-09): Disagree - Borrower shopped, Title - Title Exam/Abstract Fee of [redacted] was listed in Section C of CD p2 to reflect, COC not required, uploaded Final CD and SSPL. |
03/11/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016671 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reviewer Comment (2022-02-11): Received, Clearing. Buyer Comment (2022-02-11): closing cost of [redacted]+ reserve requirements of [redacted]=[redacted] required to be verified. Assets verified are [redacted] |
02/11/2022 | 1 | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016671 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing. | [redacted] received sufficient cure at closing | Reviewer Comment (2022-03-11): Sufficient Cure Provided At Closing |
03/11/2022 | 1 | A | FL | Primary | Purchase | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016671 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reviewer Comment (2022-03-11): Received, Clearing. |
03/11/2022 | 1 | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 436294359 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Survey Fee. Fee Amount of [redacted] exceeds tolerance of [redacted] . Insufficient or no cure was provided to the borrower. | Survey fee was not disclosed on the LE but is a title fee. Lender to provide revised final title showing this as a title fee to clear the exception. | Reviewer Comment (2022-02-18): Received, Clearing. Seller Comment (2022-02-18): Disagree - Borrower [redacted], which required Survey per Schedule B [redacted]- survey fee appropriately disclosed as shopped service. ARC does not require Survey on transaction. See attached Final CD, Settlement Statement and Title Schedule B. |
02/18/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016672 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee. Fee Amount of [redacted] exceeds tolerance of [redacted]. Insufficient or no cure was provided to the borrower. | Tolerance exceeded for origination fee | Reviewer Comment (2022-02-18): Received, Clearing. Seller Comment (2022-02-18): Disagree - Initial LE [redacted] borrower paid compensation with [redacted] loan amount. COC LE increased loan amount to [redacted] with subsequent increase of compensation to [redacted] = [redacted]. |
02/18/2022 | 1 | A | CA | Second Home | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 437016672 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reserves entered per guidelines but do not match calculated reserves | Reviewer Comment (2022-03-21): Received, Clearing. Seller Comment (2022-03-21): Rebut: The LTV is [redacted] No Reserves are required. Attached Matrix |
03/21/2022 | 1 | A | CA | Second Home | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016672 | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. | Reviewer Comment (2022-03-16): Supplement in file with sufficient insured amount |
03/16/2022 | 1 | A | CA | Second Home | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||||
| 437016673 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2022-02-23): Received, Clearing. |
02/23/2022 | 1 | A | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016673 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR 3.14% + 1.5%, or 4.64000%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2022-02-23): Received, Clearing. Buyer Comment (2022-02-23): Disagree - this is a NQM loan and is not required to pass the Federal HPML test. The loan does have an escrow account as required. |
02/23/2022 | 1 | A | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016673 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2022-02-23): Received, Clearing. Seller Comment (2022-02-23): Agree - evidence the appraisal was provided to the applicant at least [redacted] business days prior to consummation was not in the file. See attached. |
02/23/2022 | 1 | A | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| 437016673 | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has worked in the same position for more than 3 years. Borrower has verified disposable income of at least $2500.00. |
Owner Owner Owner Owner |
Reviewer Comment (2022-02-16): Exception in file from origination. Seller Comment (2022-02-16): Disagree - not a valid finding as exception uploaded was already in file |
02/16/2022 | 2 | B | FL | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294368 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [redacted] on Final Closing Disclosure provided on [redacted] not accurate. | The subject property does not appear to have HOA dues per the loan file with the exception of the final 1008 showing [redacted] monthly for the proposed monthly expenses, and the Final is showing [redacted] : HOA Dues as non escrow. | Reviewer Comment (2022-02-15): PC CD Seller Comment (2022-02-15): Disagree - PCCD and LOX uploaded |
02/15/2022 | 2 | B | KS | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294368 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted] . | Final Lender Credit of [redacted] is less than amount of binding Lender Credit previously disclosed on the LE in the amount of [redacted] . | Reviewer Comment (2022-02-11): Received, Clearing. Seller Comment (2022-02-11): Disagree - uploaded COC CD removing the lender credit of [redacted] due to rate lock |
02/11/2022 | 1 | A | KS | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294369 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: [redacted] Tolerance exceeded for Lender Credits. Final Lender Credit of [redacted] is less than amount of binding Lender Credit previously disclosed in the amount of [redacted] . | Lender to provide proof of undiscounted rate to clear this. | Reviewer Comment (2022-02-16): Received, Clearing. Seller Comment (2022-02-16): Disagree - undiscounted rate is not needed to clear finding as system indicates [redacted] |
02/16/2022 | 1 | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||
| 436294378 | Compliance | Compliance | State Compliance | State Defect | Illinois SB 1894 | IL Predatory Lending Database Program (SB 1894) - Certificate of Compliance or Exemption not attached to mortgage for recording. | Lender to provide proof this disclosure was provided to the borrower. | Reviewer Comment (2022-02-18): provided Seller Comment (2022-02-18): Disagree - updated doc uploaded |
02/18/2022 | 1 | A | IL | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||
| 436294209 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Lender to provide most recent two months' statements for acct [redacted]. Required per guides. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): XXXXX #[redacted] XXXXX XXXXX # [redacted] XXXXX XXXX #[redacted] Earnest Money Deposit and verified [redacted] Required funds to close [redacted] and verified assets are [redacted] |
02/14/2022 | 1 | A | TX | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||
| 436294250 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): REVIEW: please see final inspection attached dated [redacted] |
02/14/2022 | 1 | A | NJ | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294255 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Reviewer Comment (2022-02-01): Received, Clearing. Buyer Comment (2022-02-01): SM-Exception disapproved; This is a DSCR loan, Corporate Resolution not needed. |
02/01/2022 | 1 | A | NY | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294255 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Reviewer Comment (2022-02-01): Received, Clearing. Buyer Comment (2022-02-01): SM-Exception disapproved; This is a DSCR loan, Operating Agreement not needed. |
02/01/2022 | 1 | A | NY | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294258 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | EMD verified with a deposit receipt and wire confirmation. Missing verification of source of funds. Per guidelines down payment funds must be documented for sixty (60) days. | Reviewer Comment (2022-02-01): Received, Clearing. Buyer Comment (2022-02-01): Exception disapproved; Funds from EMD came from borrowers retirement account [redacted] deposited to SAM II [redacted] |
02/01/2022 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294259 | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. | Flood Cert does not include the unit number of the condo via [redacted]. | Reviewer Comment (2022-02-11): Received, Clearing. Seller Comment (2022-02-11): Disagree - flood cert uploaded |
02/11/2022 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294262 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Reviewer Comment (2022-01-26): Received, Clearing. Seller Comment (2022-01-26): Exception approved |
01/26/2022 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294265 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2022-02-03): PDI provided Seller Comment (2022-02-03): Exception approved. Please see attached inspection dated[redacted] |
02/03/2022 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294272 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Spousal Consent Form not provided | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-12): Interspousal transfer deed executed at closing in closing package Reviewer Comment (2022-02-02): Large bunch of documents provided none of which are the Spousal Consent Form Seller Comment (2022-02-02): Exception approved. |
02/14/2022 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294272 | Credit | Asset | Asset Documentation | Asset | Missing Document: Asset Documentation not provided | The bank letter provided does not have 2 months of transaction history for the accounts listed. The letter is for the borrower's business accounts and verification of the borrower's ownership percentage was not provided. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): Disagree - bank statements uploaded |
02/14/2022 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294273 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The borrower used business funds for closing and reserves from account ending in [redacted] per the wire confirmation; however, the file does not contain the required CPA letter to indicate the withdrawal will not negatively impact the business and confirm the borrower's ownership percentage. The funds must be verified for 2 months. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-12): CPA letter attached confirming the funds deposited into escrow came directly from the sale of the property held by [redacted] on [redacted]is owned [redacted] by[redacted] and [redacted] by [redacted] |
02/14/2022 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294283 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | Required per guidelines; not found in file | Reviewer Comment (2022-02-07): Received, Clearing. Seller Comment (2022-02-07): Disagree - flood cert was already in file, uploaded again |
02/07/2022 | 1 | A | CT | Investment | Refinance - Rate/Term | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294283 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Power of Attorney (POA) not provided | Documents signed by POA; not found in file | Reviewer Comment (2022-02-07): Received, Clearing. Seller Comment (2022-02-07): Disagree - POA documentation was already in file, uploaded again |
02/07/2022 | 1 | A | CT | Investment | Refinance - Rate/Term | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294283 | Credit | Loan Package Documentation | Closing / Title | Title | Title: Evidence of title is missing | Reviewer Comment (2022-02-07): Received, Clearing. Seller Comment (2022-02-07): Disagree - title uploaded again, was already in file |
02/07/2022 | 1 | A | CT | Investment | Refinance - Rate/Term | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294283 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | DSCR Calc: [redacted]/ [redacted] = [redacted] | Reviewer Comment (2022-02-17): Received, Clearing. Seller Comment (2022-02-17): Please see attached appraisal and doc labeled correct and incorrect. It appears that the incorrect DSCR was used for this one.. on the doc labeled correct the rent is [redacted] |
02/17/2022 | 1 | A | CT | Investment | Refinance - Rate/Term | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294283 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Reviewer Comment (2022-02-07): Received, Clearing. Seller Comment (2022-02-07): Disagree - uploaded CPL which was already in file |
02/07/2022 | 1 | A | CT | Investment | Refinance - Rate/Term | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294296 | Credit | Credit | Credit Documentation | Credit | A summary review of all the documentation in the loan file casts doubt on the business purpose of the loan. | The file contains a letter of explanation from the borrowers that state the cash out will be used for home improvement and vacation which would not be consistent with business purpose use. | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Borrower states per LOX the Business loan is for updates to subject property and business travels. (See Attached) Reviewer Comment (2022-02-11): Not sure what this commentary has to do with the issue of this exception. Buyer Comment (2022-02-11): Borrower is not a first time homebuyer. Payment less than [redacted] shock |
02/15/2022 | 1 | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294297 | Credit | Missing Document | General | Missing Document | Missing Document: Cash-Out Utilization not provided | Seasoned Borrower/Investor whose experience exceeds 10 completed projects. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
FICO score | Owner Owner Owner,Originator Pre-Close,Originator,Aggregator |
Reviewer Comment (2022-02-01): comp factors |
02/01/2022 | 1 | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||
| 436294297 | Credit | Insurance | Insurance Documentation | Insurance | Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. | Lender to provide proof of rent loss insurance. | Reviewer Comment (2022-02-07): Received, Clearing, Seller Comment (2022-02-07): Disagree -Loan is a refi, Rent loss coverage is not required when leases are in file per section [redacted].d.i |
02/07/2022 | 1 | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294297 | Credit | Credit | Credit Eligibility | Credit | Borrower has | - ___ open Tradelines which is less than the minimum required by guidelines. | NA per deal notes | Seasoned Borrower/Investor whose experience exceeds 10 completed projects. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
FICO score | Owner Owner Owner,Originator Pre-Close,Originator,Aggregator |
Reviewer Comment (2022-02-01): N/A Reviewer Comment (2022-02-01): comp factors |
02/01/2022 | 1 | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||
| 436294299 | Credit | Missing Document | General | Missing Document | Missing Document: Cash-Out Utilization not provided | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-13): Letter attached explaining the properties and purpose of cash out refinance |
02/14/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294300 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | Doc [redacted] States Flood Insurance is subject to change. Document is signed and dated by Borrower on [redacted] | Reviewer Comment (2022-02-07): Received, Clearing. Seller Comment (2022-02-07): Exception approved. |
02/07/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294300 | Credit | Missing Document | General | Missing Document | Missing Document: Cash-Out Utilization not provided | Reviewer Comment (2022-02-07): Received, Clearing. Seller Comment (2022-02-07): Exception approved. |
02/07/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294300 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Reviewer Comment (2022-02-07): Received, Clearing. Seller Comment (2022-02-07): Exception approved. |
02/07/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294300 | Credit | Credit | Credit Eligibility | Credit | Borrower has | - ___ open Tradelines which is less than the minimum required by guidelines. | Reviewer Comment (2022-02-07): Received, Clearing. Seller Comment (2022-02-07): Exception approved. B2 has 2 tradelines over 24 months that meets guidelines[redacted], [redacted], also shows B2 has 45 tradelines total with oldest tradeline of 2006. |
02/07/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294302 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Reviewer Comment (2022-02-07): Received, Clearing. Seller Comment (2022-02-07): Exception disapproved. Invalid Finding: EIN not included. Per guidelines 1.E.1, EIN is not required, see snip it below. |
02/07/2022 | 1 | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | No | |||||||||||||||||||
| 436294302 | Credit | Guideline | General | Guideline | Tax Return' missing as borrower 'Income Documentation'. | - | Reviewer Comment (2022-02-07): Received, Clearing. Seller Comment (2022-02-07): Exception disapproved. Invalid finding: Tax returns are not needed for product, per guidelines 10 DSCR description. |
02/07/2022 | 1 | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | No | ||||||||||||||||||
| 436294302 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | Reviewer Comment (2022-02-07): Received, Clearing. Seller Comment (2022-02-07): Exception disapproved. Invalid finding: no grantor agreement needed, [redacted] subject property from Warranty Deed dated[redacted], see attached title and warranty deed. |
02/07/2022 | 1 | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | No | |||||||||||||||||||
| 436294313 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Guidelines require assets to be seasoned for at least sixty (60) days. |
Reviewer Comment (2022-02-10): Received, Clearing. Seller Comment (2022-02-10): Removed account assets not needed for reserves |
02/10/2022 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||
| 437016648 | Compliance | Compliance | State Compliance | State Late Charge | Note Error: Note late charge percentage exceeds maximum per state | The note stipulates a late fee is charged if the payment is not received within 5 days of the payment due date. | 2 | B | NY | Investment | Refinance - Limited Cash-out GSE | C | B | C | B | A | A | No | ||||||||||||||||||||
| 437016648 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of ___ does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) ___. | DSCR of [redacted]does not meet the minimum guideline requirement of [redacted]. This was due to a variance between the rental income from the actual leases and the more conservative rental income listed on the appraisal's rent schedule. | The representative FICO score exceeds the guideline minimum by at least 40 points. | Owner | Reviewer Comment (2022-03-25): Pre funding exception. Seller Comment (2022-03-25): We are attaching the approved Exception with the DSCR Calc Reviewer Comment (2022-03-24): Exception is for [redacted] dscr and the current dscr is [redacted]. Seller Comment (2022-03-24): Exception approved. Reviewer Comment (2022-02-11): The DSCR is based on the lessor of lease in place or market rent. Lessor in this case is the current leases in place. Buyer Comment (2022-02-10): PITIA is [redacted]; rent [redacted]. The DSCR would be [redacted] |
03/25/2022 | 2 | B | NY | Investment | Refinance - Limited Cash-out GSE | C | B | C | B | A | A | No | |||||||||||||||
| 437016648 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Verified assets in the amount of [redacted] months PITIA are insufficient to meet reserves requirement of 6 months PITIA set forth in the guidelines. | Reviewer Comment (2022-02-11): Received, Clearing. Buyer Comment (2022-02-10): PITIA is [redacted]; [redacted] x [redacted] = [redacted]. Assets verified are [redacted], which is [redacted] months |
02/11/2022 | 1 | A | NY | Investment | Refinance - Limited Cash-out GSE | C | B | C | B | A | A | No | ||||||||||||||||||
| 436294314 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The appraisal does not show the property is Tenant Occupied or Vacant and thus casts doubt on the business purpose of the loan. | The appraisal shows owner occupied. | Reviewer Comment (2022-02-07): Received, Clearing. Buyer Comment (2022-02-07): Exception disapproved. Invalid finding: Loan is a purchase and does not matter the current status of the occupancy of the property. The current owner can occupy and sell to the new owner that turns it into a rental. |
02/07/2022 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294314 | Credit | Credit | Credit Eligibility | Credit | Borrower has | - ___ open Tradelines which is less than the minimum required by guidelines. | The borrower only has 2 active tradelines and one tradeline is a [redacted]. | Reviewer Comment (2022-02-07): Received, Clearing. Seller Comment (2022-02-07): Exception disapproved. Invalid finding: Credit report shows [redacted] open and active tradelines within 12 months, see attached. |
02/07/2022 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||
| 437016654 | Credit | Missing Document | General | Missing Document | Missing Document: Cash-Out Utilization not provided | Reviewer Comment (2022-03-22): Received, Clearing. Seller Comment (2022-03-22): No exception needed - comment added to the wrong loan. Document was correct though - Reviewer Comment (2022-03-21): Please provide approved lenders exception. Seller Comment (2022-03-21): Exception approved. |
03/22/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 437016654 | Credit | Credit | Credit Eligibility | Credit | Borrower has | - | Reviewer Comment (2022-03-21): Received, Clearing. Seller Comment (2022-03-21): The borrower's credit report meets Tradeline Requirements (borrower's meet either one of all 3) A minimum of three (3) active and current tradelines for at least [redacted], OR • Two (2) tradelines showing [redacted] activity- may include closed accounts with activity reporting within the last [redacted]. OR • A minimum of eight [redacted]tradelines reporting, one of which must be a mortgage or rental history |
03/21/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 437016654 | Credit | Credit | Credit Eligibility | Credit | Borrower has | - | Reviewer Comment (2022-03-21): credit report reviewed Seller Comment (2022-03-21): The borrower's credit report meets Tradeline Requirements (borrower's meet either one of all 3) A minimum of three (3) active and current tradelines for at least [redacted]months, OR • Two (2) tradelines showing [redacted] months activity- may include closed accounts with activity reporting within the last [redacted] months. OR • A minimum of eight (8) tradelines reporting, one of which must be a mortgage or rental history |
03/21/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294324 | Credit | Compliance | Miscellaneous Compliance | Compliance | Transaction Error: Total Cash-out on a purchase transaction. | Borrower is receiving total cash-out of ___ on a purchase transaction. | Reviewer Comment (2022-02-11): Received, Clearing. Buyer Comment (2022-02-10): Borrower just regained some of the EMD. Borrower put[redacted] EMD into the transaction and received [redacted] back |
02/11/2022 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294324 | Credit | Credit | Credit Eligibility | Credit | Active Tradeline requirement not met. | - | Reviewer Comment (2022-02-11): Received, Clearing. Buyer Comment (2022-02-10): Borrower meets the required tradelines [redacted] |
02/11/2022 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294325 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2022-02-07): provided with TDs Seller Comment (2022-02-07): Exception disapproved. Invalid Finding. The Disaster Inspection was in the file. Thanks |
02/07/2022 | 1 | A | NY | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 437016656 | Credit | Insurance | Insurance Documentation | Insurance | Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. | Reviewer Comment (2022-02-23): Received, Clearing. Seller Comment (2022-02-23): The Insurance shows evidence of rental loss insurance for the property. Please advice what do we need to clear this exception. Reviewer Comment (2022-02-11): Nothing provided has to do with rent loss. Seller Comment (2022-02-10): Exception approved. |
02/23/2022 | 1 | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | |||||||||||||||||||
| 437016658 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Verified Borrowers FICO of [redacted] which does not meet lender guidelines | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Owner | Reviewer Comment (2022-03-21): Pre-close exception provided. Seller Comment (2022-03-21): Approved Exception for Fico [redacted] need [redacted] for DSCR TO CURE FINDINGS |
03/21/2022 | 2 | B | CT | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||
| 437016661 | Credit | Credit | Credit Eligibility | Credit | Borrower has | - ___ open Tradelines which is less than the minimum required by guidelines. | Reviewer Comment (2022-03-10): Received, Clearing. Seller Comment (2022-03-10): Please see the attached credit report and the following guidelines. Reviewer Comment (2022-02-17): Documents loaded don't belong to the subject property or borrower. Seller Comment (2022-02-17): Exception approved. |
03/10/2022 | 1 | A | VT | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 437016661 | Credit | Credit | Credit Eligibility | Credit | Active Tradeline requirement not met. | - Borrower has ___ Active Tradelines which is less than the minimum required by guidelines. | Reviewer Comment (2022-03-10): Received, Clearing. Seller Comment (2022-03-10): Please see the attached credit report and the following guidelines. Reviewer Comment (2022-02-17): Documents loaded don't belong to the subject property or borrower. Seller Comment (2022-02-17): Exception approved. |
03/10/2022 | 1 | A | VT | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 437016661 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The appraisal does not show the property is Tenant Occupied or Vacant and thus casts doubt on the business purpose of the loan. | Reviewer Comment (2022-03-10): Received, Clearing. Seller Comment (2022-03-10): This is an investment purchase property. Appraisal shows occupant (owner) which was the seller of the property [redacted] at the time of the loan. Please advise what do we need to clear this exception. Attached copy of appraisal report with Single Family Comparable Rent Schedule. Reviewer Comment (2022-02-17): Documents loaded don't belong to the subject property or borrower. Seller Comment (2022-02-17): Exception approved. |
03/10/2022 | 1 | A | VT | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 437016661 | Credit | Credit | Credit Documentation | Credit | The appraisal does not contain rental analysis and thus casts doubt on the business purpose of the loan. | Reviewer Comment (2022-03-10): Received, Clearing. Reviewer Comment (2022-02-17): Documents loaded don't belong to the subject property or borrower. Seller Comment (2022-02-17): Exception approved. |
03/10/2022 | 1 | A | VT | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 437016661 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Reviewer Comment (2022-03-14): utilized comparable rent schedule provided Seller Comment (2022-03-14): Attached underwriter's worksheet to clear exception. Reviewer Comment (2022-02-17): Documents loaded don't belong to the subject property or borrower. Seller Comment (2022-02-17): Exception approved. |
03/14/2022 | 1 | A | VT | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 437016663 | Property | Valuation | Valuation Issue | Valuation | The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal | Reviewer Comment (2022-02-22): Received, Clearing. Seller Comment (2022-02-22): DIsagree - appraisal came in at [redacted]. AVM came back at [redacted] with [redacted] confidence and is within [redacted] |
02/22/2022 | 1 | A | NY | Investment | Purchase | C | A | A | A | C | A | No | |||||||||||||||||||
| 437016665 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The ID documentation (license, passport, Visa) does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. | Borrower's license lists the subject property while the 1003 provides a diffrent address for the primary residence. Bank statements in the file are sent to the primary residence. | Reviewer Comment (2022-03-09): Received, Clearing. Seller Comment (2022-03-09): Attached documents to explain and clear this exception. • Subject property appraisal shows occupant [redacted]. • Subject property [redacted] shows rental coverage; also, policy holder mailing address shows his primary residence[redacted] • Borrower's driver license is from [redacted]. The subject loan closed [redacted]; borrower have not have time to change the address. There is no benefit for borrower to use the subject property of the loan as his primary residence. In addition, there is a signed rental lease in file for the subject property's loan. |
03/09/2022 | 1 | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 437016666 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Reviewer Comment (2022-03-09): Received, Clearing. Seller Comment (2022-03-09): Attached business purpose certificate to clear exception. |
03/09/2022 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 437016666 | Credit | Insurance | Insurance Analysis | Insurance | The Hazard Insurance Policy effective date is after the Note Date. | Hazard Insurance Policy Effective Date ___, Note Date ___ | Reviewer Comment (2022-03-14): Policy effective prior to disbursement. CA is dry state. Seller Comment (2022-03-14): Here is the final statement. Showing funding on the [redacted] with a settlement and disbursement date of [redacted] as California is a dry funding state. Reviewer Comment (2022-03-14): Exception from AG will be needed for this to lower the grade finding. Seller Comment (2022-03-14): Please see insurance agent's reply . They did not receive a request with effective [redacted] and they are not able to change the effective date. Borrower was not able to have insurance agent to change the effective date to [redacted]. Insurance agent received request for effective date [redacted] . Please advise what other option we have to clear this exception. Reviewer Comment (2022-02-23): Exception from AG will be needed for this to lower the grade finding. Seller Comment (2022-02-23): Please see insurance agent's reply . They did not receive a request to effective [redacted] and they are not able to change the date. |
03/14/2022 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 437016666 | Credit | Credit | Credit Eligibility | Credit | Borrower has | - ___ open Tradelines which is less than the minimum required by guidelines. ___ open Tradelines which is less than the minimum required by guidelines. |
Reviewer Comment (2022-03-16): Received, Clearing. Seller Comment (2022-03-16): Borrower and Co-Borrower have [redacted] tradelines between the [redacted] of them. • Both borrowers have a minimum of [redacted] tradelines reporting on credit history with an active joint mortgage. • The Borrower has an open/active [redacted] opened [redacted] reporting [redacted]. The CoBorrower has an open/active [redacted] opened [redacted] reporting [redacted]. • Borrower's oldest account is from [redacted] and Co-Borrower's oldest tradeline is from [redacted]. |
03/16/2022 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 437016666 | Credit | Fix and Flip | General | Fix and Flip | Open Tradeline requirement not met. | - Borrower has ___ Open Tradelines which is less than the minimum required by guidelines. | Reviewer Comment (2022-03-16): Received, Clearing. |
03/16/2022 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 437016666 | Credit | Credit | Credit Eligibility | Credit | Active Tradeline requirement not met. | - Borrower has ___ Active Tradelines which is less than the minimum required by guidelines. | Reviewer Comment (2022-03-16): Received, Clearing. |
03/16/2022 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 437016666 | Credit | Credit | Credit Eligibility | Credit | Borrower has | - ___ open Tradelines which is less than the minimum required by guidelines. | Reviewer Comment (2022-03-16): Received, Clearing. Reviewer Comment (2022-02-16): Please provide signed approved lender exception. Seller Comment (2022-02-16): Exception approved. |
03/16/2022 | 1 | A | CA | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 437016667 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
Owner Owner |
Reviewer Comment (2022-02-11): Exception desk exception granted [redacted]. Seller Comment (2022-02-10): Invalid Findings - UW received an Exception Desk Approval "See Attached" for [redacted] LTV at DSCR less than [redacted]. Exception desk approval to be corrected to reflect the correct Loan Amount and Appraised value |
02/11/2022 | 2 | B | FL | Investment | Purchase | C | B | C | B | C | A | No | ||||||||||||||||
| 437016667 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | ACH information was not provided and borrower is Foreign National | ACD documentation is required for a Foreign National. | Reviewer Comment (2022-02-11): Received, Clearing. Seller Comment (2022-02-10): Invalid Findings - Assets are in US Currency |
02/11/2022 | 1 | A | FL | Investment | Purchase | C | B | C | B | C | A | No | ||||||||||||||||||
| 437016667 | Property | Valuation | Valuation Issue | Valuation | The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal | The desk review effective date matches the earliest appraisal report effective date. | Reviewer Comment (2022-02-22): Received, Clearing. Seller Comment (2022-02-22): Disagree - The CDA effective date and Appraisal date match |
02/22/2022 | 1 | A | FL | Investment | Purchase | C | B | C | B | C | A | No | ||||||||||||||||||
| 437016667 | Credit | Asset | Asset Documentation | Asset | Insufficient funds for Reserves. Guidelines require | ___, and verified reserves are ___. | Verified assets in the amount of [redacted]. are insufficient to meet reserves requirement of [redacted]. | Reviewer Comment (2022-02-11): Received, Clearing. Seller Comment (2022-02-10): DM - Invalid Findings - Verified Assets "See XXX statement attached" [redacted] - [redacted] CC = [redacted] Reserves / [redacted] (PITI) = [redacted]months (exceeds the [redacted] months required) |
02/11/2022 | 1 | A | FL | Investment | Purchase | C | B | C | B | C | A | No | |||||||||||||||||
| 437016667 | Credit | Fix and Flip | General | Fix and Flip | Insufficient funds for Reserves. | Guidelines require ___ of reserves, and verified reserves are ___. | Verified assets in the amount of [redacted]. are insufficient to meet reserves requirement of [redacted]. | Reviewer Comment (2022-02-11): Received, Clearing. Seller Comment (2022-02-10): Invalid Findings - Verified Assets "See XXX statement attached" [redacted]-[redacted] CC = [redacted] Reserves / [redacted](PITI) = [redacted] months (exceeds the [redacted]months required) |
02/11/2022 | 1 | A | FL | Investment | Purchase | C | B | C | B | C | A | No | |||||||||||||||||
| 436294340 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Reviewer Comment (2022-02-11): Received, Clearing. Seller Comment (2022-02-10): Invalid - [redacted] Resolution documentation satisfied by Resolutions of Unanimous Consent and Incumbency Certificate of the Members of [redacted]. Accomplishes the same purpose of a [redacted] provides a written record of a member vote authorizing a specific business action, e.g. this real estate purchase transaction |
02/11/2022 | 1 | A | CT | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294340 | Credit | Credit | Credit Documentation | Credit | A credit report was not pulled for all members of the borrowing entity as required by guidelines. | - | Reviewer Comment (2022-02-11): Received, Clearing. Seller Comment (2022-02-11): INVALID - Credit reports in file for [redacted]- ALL THE MEMBERS OF borrowing entity [redacted]. Who were signers on the note. [redacted] is a regular member and was not a borrower on the file. We have the Borrower's Cert and Authorization for all the signers on the note. We do not have the Borrower's Cert and Authorization for [redacted], and are not authorized to pull credit for the member who is not listed as a borrower on the file. |
02/11/2022 | 1 | A | CT | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294347 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | The borrowing entity is an [redacted] and the guarantor agreement was not found in the file. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): The attached document we had with the LLC [redacted] approval from Legal should clear the finding |
02/14/2022 | 1 | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | No | ||||||||||||||||||
| 436294347 | Credit | Fix and Flip | General | Fix and Flip | Personal Guarantor is required per Investor Guidelines | The guarantor agreement was not found in the file. | Reviewer Comment (2022-02-14): Received, Clearing. Seller Comment (2022-02-14): The attached document we had with the[redacted] approval from Legal should clear the finding Reviewer Comment (2022-02-14): Seller could not find. Buyer Comment (2022-02-12): Valid findings - could not find the Personal Guarantor form in the file |
02/14/2022 | 1 | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | No | ||||||||||||||||||
| 436294348 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | The file is missing a document stating the EIN for the Borrower. | Reviewer Comment (2022-02-18): Received, Clearing. Seller Comment (2022-02-17): Resending my initial dispute. This is a DSCR loan - the[redacted] in the file should have never been submitted - it was an error. We do not need the EIN#. The EIN is not needed per the guidelines. |
02/18/2022 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294349 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Lender to provide closing protection letter. | Reviewer Comment (2022-02-11): provided Seller Comment (2022-02-10): INVALID - FOR CLOSING [redacted], CLOSING PROTECTION LETTER WAS PROVIDED BY XXXXX XXXXXXXX XXXXX, XXXXXXXXX XXXXXXXX XXXXXXXXX ISAOA ATIMA PO Box [redacted] indemnified against loss when written notice of a claim is received by the Company within one year from the date of the transmittal of Funds. |
02/11/2022 | 1 | A | PA | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294349 | Credit | Insurance | Insurance Documentation | Insurance | Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. | Lender to provide HOI cert evidencing rent loss insurance. | Reviewer Comment (2022-02-11): provided Seller Comment (2022-02-10): INVALID - HOI PROVIDED EFFECTIVE[redacted]; RENT LOSS 12MOS ACTUAL LOSS SUSTAINED |
02/11/2022 | 1 | A | PA | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294353 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Reviewer Comment (2022-02-16): Received, Clearing. Seller Comment (2022-02-16): Review: Please see attached affidavit Reviewer Comment (2022-02-14): attached document was an operating agreement. Certification of use is business purpose required ( example found in exhibit C of guidelines) Seller Comment (2022-02-12): Business purpose certification was in the file and is attached |
02/16/2022 | 1 | A | PA | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 436294357 | Credit | Fix and Flip | General | Fix and Flip | Insufficient funds for Reserves. | Guidelines require ___ of reserves, and verified reserves are ___. | Verified assets in the amount of [redacted] are insufficient to meet reserves requirement of [redacted]. Final 1008 reflects [redacted] verified, however the documentation in the file does not meet this amount and the gift funds are unable to be used as reserves. | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Disagree - not a valid finding - Down payment and closing costs are [redacted] and reserves are [redacted]. The borrower has[redacted] is liquid assets verified. |
02/15/2022 | 1 | A | CT | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||
| 436294357 | Credit | Asset | Asset Documentation | Asset | Insufficient funds for Reserves. Guidelines require | ___, and verified reserves are ___. | Verified assets in the amount of [redacted] are insufficient to meet reserves requirement of [redacted]. Final 1008 reflects [redacted] verified, however the documentation in the file does not meet this amount and the gift funds are unable to be used as reserves. | Reviewer Comment (2022-02-15): Received, Clearing. Seller Comment (2022-02-15): Disagree - not a valid finding - Down payment and closing costs are[redacted] and reserves are [redacted]totaling[redacted]. The borrower has [redacted] is liquid assets verified. |
02/15/2022 | 1 | A | CT | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||
| 436294365 | Compliance | Compliance | State Compliance | State Late Charge | Note Error: Note late charge percentage exceeds maximum per state | 2 | B | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||||||
| 436294365 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | Lender to provide final title with a policy amount of [redacted]. | 2 | B | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | |||||||||||||||||||
| 436294365 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. | Owner | Reviewer Comment (2022-02-14): Exception provided dated [redacted] Seller Comment (2022-02-14): Please see attached internal exception for months reserves. Please advise. |
02/14/2022 | 2 | B | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | No | ||||||||||||||||
| 437016674 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The asset/income documentation does not show the borrower(s) at an address different than the subject property and thus casts doubt on the business purpose of the loan. | Verified address on file shows subject address with a Letter of explanation in file [redacted] | Reviewer Comment (2022-02-11): Received, Clearing. Seller Comment (2022-02-10): Invalid Findings - Borrower's Driver's License, Cable Bill and Other Tax bill reflect current residence with a LOX for using subject address for personal documentation is provided. |
02/11/2022 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 437016674 | Credit | Credit | Credit Documentation | Credit | Addresses on credit report casts doubt on business purpose of loan. | Verified address on file shows subject address with a Letter of explanation in file [redacted] | Reviewer Comment (2022-03-02): Received, Clearing. Seller Comment (2022-03-02): Disagree - [redacted] is the investment property and this transaction was performed as a REFI cash out. Borrower's current address is [redacted]. , uploaded LOX showing address in header and affidavit |
03/02/2022 | 1 | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294366 | Compliance | Compliance | State Compliance | State Late Charge | Note Error: Note late charge percentage exceeds maximum per state | The late charge percentage on the note exceeds the maximum allowed for the state of [redacted]. | 2 | B | NY | Investment | Purchase | C | B | C | B | A | A | No | ||||||||||||||||||||
| 436294366 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Lender exception approval for lower FICO is in the file. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
Owner Owner Owner Owner |
Reviewer Comment (2022-02-17): Exception provided dated[redacted] Seller Comment (2022-02-17): Review: Please see exception that was approved on [redacted] |
02/17/2022 | 2 | B | NY | Investment | Purchase | C | B | C | B | A | A | No | |||||||||||||||
| 436294370 | Compliance | Compliance | State Compliance | State Late Charge | Note Error: Note late charge percentage exceeds maximum per state | The late charge percentage of [redacted] exceeds the amount allowed by the state of [redacted]. | 2 | B | NY | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||||
| 436294370 | Credit | Insurance | Insurance Documentation | Insurance | Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. | There is no evidence of the amount of rent loss coverage on the insurance declarations page, only a letter of explanation lists that there is coverage. | Reviewer Comment (2022-02-11): Received, Clearing. Seller Comment (2022-02-11): Hazard Insurance Dec page showing rent loss coverage attached |
02/11/2022 | 1 | A | NY | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 436294371 | Credit | Insurance | Insurance Documentation | Insurance | Insurance Policy Expiration Date is less than 30 days of the Note Date and does not have automatic renewal. | Master policy held by the condominium association, the file does not contain a declarations page for 2022. The master policy has automatic renewal or direction to submit cancellation request verbiage listed. | Reviewer Comment (2022-02-18): Received, Clearing. Seller Comment (2022-02-18): Updated master condo policy |
02/18/2022 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | ||||||||||||||||||
| 437016675 | Credit | Insurance | Insurance Documentation | Insurance | Insurance Policy Expiration Date is less than 30 days of the Note Date and does not have automatic renewal. | Reviewer Comment (2022-02-24): Received, Clearing. Seller Comment (2022-02-24): Agree - see updated flood insurance noted on page 4 of the attached. |
02/24/2022 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No | |||||||||||||||||||
| 437016675 | Credit | Fix and Flip | General | Fix and Flip | Insurance Policy Expiration Date is less than 30 days from the Note Date and does not have automatic renewal. | Master policy paid by the condominium association, there is no confirmation of automatic renewal and the file does not contain the next policy year documentation. | Reviewer Comment (2022-02-24): Received, Clearing. Seller Comment (2022-02-24): Agree - see updated flood insurance noted on page 4 of the attached. Reviewer Comment (2022-02-16): This is Property Insurance not a flood issue. Seller Comment (2022-02-16): Disagree - Life of Loan flood policy uploaded |
02/24/2022 | 1 | A | FL | Investment | Purchase | C | A | C | A | A | A | No |