EX-99.3 10 ex99-3s1.htm SCHEDULE 1 - RATING AGENCY GRADES DETAIL REPORT

Exhibit 99.3 - Schedule 1

Loan ID

Redaction ID

Investor Loan ID

Overall Initial Loan Grade

Overall Final Loan Grade

Credit Initial Loan Grade

Credit Current/Final Loan Grade

Compliance Initial Loan Grade

Compliance Current/Final Loan Grade

Property Initial Loan Grade

Property Current/Final Loan Grade

Queue

Finding Code

Date Created

Date Modified

Finding Status

Event Level

Initial Finding Grade

Current/Final Finding Grade

Finding Category

Finding Sub Category

Finding Name

Finding Comments

Seller Comments

Resolution Comments

Reviewer Comp Factor

Originator Comp Factors

Finding Documents

Originator QM Status

Final Reviewed QM Status

Loan Amount

Property State

Occupancy

Loan Purpose

Refinance Purpose

Acknowledged / WaivedBy

Waiver in File?

Unique Finding ID

XXXX

279233

XXXX

Closed

FCRE1491

2024-07-23 15:15

2025-02-20 14:27

Resolved

1 - Information

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Resolved-Asset Qualification Meets Guideline Requirements, XXXX fund transfers for $62,116.99 each in file. Lender provided CPA letter that use of these funds will not negatively affect the business. - Due Diligence Vendor-02/20/2025
Open-Provide documentation to support XXXX fund transfers for $62,116.99 each in file. - Due Diligence Vendor-02/20/2025

Long term residence - Borrower has additional reserves.

Qualifying FICO score is at least 20 points above minimum for program - Borrower's FICO is > 20 points from the minimum

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2042480

XXXX

279233

XXXX

Closed

FCOM5135

2024-04-03 15:03

2024-05-09 14:41

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing -Originator waiver applied to non-material Findings - Due Diligence Vendor-05/09/2024

Long term residence - Borrower has additional reserves.

Qualifying FICO score is at least 20 points above minimum for program - Borrower's FICO is > 20 points from the minimum

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

Originator Post-Close

1547712

XXXX

279233

XXXX

Closed

FCRE1325

2024-04-05 14:01

2024-04-12 13:41

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 CPA Letter Missing

Resolved-Borrower 1 CPA Letter Provided - Due Diligence Vendor-04/12/2024

Ready for Review-Document Uploaded. See attached CPA Letter and CPA Verification. Please clear this exception. - Seller-04/10/2024

Open-Borrower 1 CPA Letter Missing CPA must provide a letter stating that they have filed borrower’s tax returns for the past 2 years and file must contain proof of CPA current state license. Letter in file does not address this and license verification not provided. Also wiith out verification unbale to confirm per who signed P&L is a CPA required per guidelines.
- Due Diligence Vendor-04/05/2024

Ready for Review-Document Uploaded. See attached CPA Letter and CPA Verification. Please clear this exception. - Seller-04/10/2024

Resolved-Borrower 1 CPA Letter Provided - Due Diligence Vendor-04/12/2024

Long term residence - Borrower has additional reserves.

Qualifying FICO score is at least 20 points above minimum for program - Borrower's FICO is > 20 points from the minimum

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

1554863

XXXX

336491

XXXX

Closed

FCRE1164

2024-07-02 12:40

2024-07-08 15:55

Resolved

1 - Information

Credit

Missing Doc

Flood Insurance Policy Missing

Resolved-Received Flood Insurance Policy. - Due Diligence Vendor-12/16/2024

Ready for Review-Document Uploaded. Please find the flood insurance policy. please review and update finding. - Seller-07/03/2024

Open-Missing Flood Insurance Policy - Due Diligence Vendor-07/02/2024

Ready for Review-Document Uploaded. Please find the flood insurance policy. please review and update finding. - Seller-07/03/2024

Resolved-Received Flood Insurance Policy. - Due Diligence Vendor-12/16/2024

Months Reserves exceed minimum required - 14 mos reserves exceed min required of 6 mos

Qualifying FICO score is at least 20 points above minimum for program - 761 > 680

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

1921813

XXXX

374301

XXXX

Closed

FCRE8013

2024-08-19 09:22

2024-08-21 11:53

Resolved

1 - Information

Credit

Eligibility

Purchase Contract Issue

Resolved-Purchase Contract is not partially provided. Purchase Contract was provided with seller's signature on contract and amendment for seller credit of $7500. - Due Diligence Vendor-08/21/2024

Ready for Review-Document Uploaded. - Seller-08/20/2024

Open-Loan Purpose is Purchase but Purchase Contract is only Partially Provided. Missing seller's signature on contract. Missing amendment for seller credit of $7500 reflected on final settlement statement. - Due Diligence Vendor-08/19/2024

Ready for Review-Document Uploaded. - Seller-08/20/2024

Resolved-Purchase Contract is not partially provided. Purchase Contract was provided with seller's signature on contract and amendment for seller credit of $7500. - Due Diligence Vendor-08/21/2024

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 757; minimum required 660

LTV is less than guideline maximum - Qualifying LTV 75%; max 80%

DSCR % greater than 1.20 - Qualifying DSCR 1.310; minimum required 1.000

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

2211139

XXXX

379027

XXXX

Closed

FCRE6618

2025-02-20 11:31

Resolved

1 - Information

Credit

Borrower

Borrower information on 1003 is incomplete

Resolved-Received complete 1003 - Due Diligence Vendor-02/20/2025
Open-The Final 1003 is Incomplete Credit Report reflect 3 mortgages and no REO address provided . Missing July payment for Mortgage with Acct#XXXX . Provide corrected 1003 to reflect address with each mortgage owned. - Due Diligence Vendor-02/20/2025

Resolved-Received complete 1003 - Due Diligence Vendor-02/20/2025

DSCR % greater than 1.20 - DSCR % greater than 1.20

LTV is less than guideline maximum - LTV is 70% and max allowed is 75%

Qualifying FICO score is at least 20 points above minimum for program - Score is 733 and minimum allowed is 660

Months Reserves exceed minimum required - Borrower has 604.26 months of reserves and only 6 months required

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

3454855

XXXX

379027

XXXX

Closed

FCRE1440

2024-08-27 10:12

2024-09-03 15:13

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Housing History Meets Guideline Requirements - Statement provided. - Due Diligence Vendor-09/03/2024
Ready for Review-Document Uploaded. - Seller-08/29/2024
Open-Housing History Does Not Meet Guideline Requirements Credit Report reflect 3 mortgages and no REO address provided . Missing July payment for Mortgage with Acct#XXXX . Provide corrected 1003 to reflect address with each mortgage owned. - Due Diligence Vendor-08/27/2024

Ready for Review-Document Uploaded. - Seller-08/29/2024

Resolved-Housing History Meets Guideline Requirements - Statement provided. - Due Diligence Vendor-09/03/2024

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

2259944

XXXX

379028

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

384862

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

409001

XXXX

Closed

FPRO0012

2024-10-17 09:42

2024-10-17 09:43

Resolved

1 - Information

Property

FEMA disaster declared PUBLIC ONLY

Resolved-A PDI was received which reports no damage - Due Diligence Vendor-10/17/2024
Open-− 8/10/2024, HURRICANE XXXX, FEMA ID: XXXX.Asst:−public - Due Diligence Vendor-10/17/2024

Resolved-A PDI was received which reports no damage - Due Diligence Vendor-10/17/2024

Qualifying FICO score is at least 20 points above minimum for program - Qualifying Credit Score _720_ ; Minimum required _680_.

LTV is less than guideline maximum - LTV _70_%; Max _75_%.

Months Reserves exceed minimum required - _26.42_ months reserves from Borrower own funds (or from loan proceeds); _0_ months reserves required

Qualifying DTI below maximum allowed - Qualifying DTI _38.39_%_; Max permitted _50_%.

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

2620592

XXXX

409001

XXXX

Closed

FPRO0011

2024-10-17 09:41

2024-10-17 09:42

Resolved

1 - Information

Property

FEMA disaster declared INDIVIDUAL

Resolved-A PDI was received which reports no damage - Due Diligence Vendor-10/17/2024
Open-10/11/2024 HURRICANE XXXX, FEMA ID: XXXX Asst:−Public and Individual
- Due Diligence Vendor-10/17/2024

Resolved-A PDI was received which reports no damage - Due Diligence Vendor-10/17/2024

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

2620583

XXXX

409001

XXXX

Closed

FCRE1764

2024-10-01 12:18

2024-10-07 09:01

Resolved

1 - Information

Credit

Missing Doc

Missing Verification of Mortgage

Resolved-Final CD provided for primary with PITI payment and property report no HOA. - Due Diligence Vendor-10/07/2024

Ready for Review-Document Uploaded. uploaded final CD. - Seller-10/04/2024

Counter-Property report provided. Please provide PITIA verification for property 3b. - Due Diligence Vendor-10/03/2024

Ready for Review-Document Uploaded. Uploaded documentation for new primary residence. - Seller-10/02/2024

Open-Missing documentation / verification terms of mortgage for new primary residence - Due Diligence Vendor-10/01/2024

Ready for Review-Document Uploaded. uploaded final CD. - Seller-10/04/2024

Ready for Review-Document Uploaded. Uploaded documentation for new primary residence. - Seller-10/02/2024

Resolved-Final CD provided for primary with PITI payment and property report no HOA. - Due Diligence Vendor-10/07/2024

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

2496019

XXXX

411182

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

412053

XXXX

Closed

FCRE5790

2024-10-08 10:30

2024-11-06 15:52

Resolved

1 - Information

Credit

Closing

Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date)

Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-10/14/2024

Ready for Review-Document Uploaded. Gap report for borrower 1 has been uploaded, please clear condition. - Seller-10/11/2024

Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). - Due Diligence Vendor-10/08/2024

Ready for Review-Document Uploaded. Gap report for borrower 1 has been uploaded, please clear condition. - Seller-10/11/2024

Resolved-Borrower 1 Gap Credit Report provided. - Due Diligence Vendor-10/14/2024

Qualifying FICO score is at least 20 points above minimum for program - 789 vs. 660 min at 80% LTV

Qualifying DTI below maximum allowed - 27% vs. 50%

Months Reserves exceed minimum required - 11 months vs. 6

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2550380

XXXX

412053

XXXX

Closed

FCRE5791

2024-10-08 11:58

2024-11-06 15:52

Resolved

1 - Information

Credit

Closing

Borrower 2 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date)

Resolved-Received updated Borrower 2 Gap Credit Report. - Due Diligence Vendor-01/23/2025

Ready for Review-Document Uploaded. Gap report for borrower 2 has been uploaded, please clear condition. - Seller-10/11/2024

Open-Borrower 2 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). - Due Diligence Vendor-10/08/2024

Ready for Review-Document Uploaded. Gap report for borrower 2 has been uploaded, please clear condition. - Seller-10/11/2024

Resolved-Received updated Borrower 2 Gap Credit Report. - Due Diligence Vendor-01/23/2025

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2551599

XXXX

412053

XXXX

Closed

FCRE1347

2024-10-08 09:58

2024-10-16 17:23

Resolved

1 - Information

Credit

Missing Doc

Borrower 2 3rd Party VOE Prior to Close Missing

Resolved-Borrower 2 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-10/16/2024
Ready for Review-Document Uploaded. A copy of the XXXX website showing XXXX was established on XXXX is in the loan package, page 378-379, uploaded another copy for your reference. Please clear condition. - Seller-10/16/2024
Counter-Bank Statement program requires the a Minimum of 2 years history of self-employment. Missing third party verification of self employment. - Due Diligence Vendor-10/14/2024
Ready for Review-XXXX verified the borrowers' self-employment according to guidelines. No additional 3rd party VOE is required. Please clear finding. - Seller-10/11/2024
Counter-Borrower 2 3rd Party VOE Prior to Close Missing. Business online search for business cab be completed for VOE. - Due Diligence Vendor-10/10/2024
Ready for Review-No VOE, the borrower is self employed. Please clear condition. - Seller-10/09/2024
Open-Borrower 2 3rd Party VOE Prior to Close Missing - Due Diligence Vendor-10/08/2024

Ready for Review-Document Uploaded. A copy of the XXXX website showing XXXX was established on XXXX is in the loan package, page 378-379, uploaded another copy for your reference. Please clear condition. - Seller-10/16/2024
Ready for Review-XXXX verified the borrowers' self-employment according to guidelines. No additional 3rd party VOE is required. Please clear finding. - Seller-10/11/2024
Ready for Review-No VOE, the borrower is self employed. Please clear condition. - Seller-10/09/2024

Resolved-Borrower 2 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-10/16/2024

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2549997

XXXX

412053

XXXX

Closed

FCRE1316

2024-10-08 09:58

2024-10-16 17:23

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 3rd Party VOE Prior to Close Missing

Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-10/16/2024
Ready for Review-Document Uploaded. The borrower's appraisal license is in the loan package, page 377, uploaded another copy for your reference. Please clear condition. - Seller-10/16/2024
Counter-Bank Statement program requires the a Minimum of 2 years history of self-employment. Missing third party verification of self employment. - Due Diligence Vendor-10/14/2024
Ready for Review-XXXX verified the borrowers' self-employment according to guidelines. No additional 3rd party VOE is required. Please clear finding. - Seller-10/11/2024
Counter-Business online search for business cab be completed for VOE. - Due Diligence Vendor-10/10/2024
Ready for Review-No VOE, the borrower is self employed. Please clear condition. - Seller-10/09/2024
Open-Borrower 1 3rd Party VOE Prior to Close Missing - Due Diligence Vendor-10/08/2024

Ready for Review-Document Uploaded. The borrower's appraisal license is in the loan package, page 377, uploaded another copy for your reference. Please clear condition. - Seller-10/16/2024
Ready for Review-XXXX verified the borrowers' self-employment according to guidelines. No additional 3rd party VOE is required. Please clear finding. - Seller-10/11/2024
Ready for Review-No VOE, the borrower is self employed. Please clear condition. - Seller-10/09/2024

Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-10/16/2024

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2549996

XXXX

412053

XXXX

Closed

finding-3634

2024-10-02 16:49

2024-10-16 14:22

Cured

2 - Non-Material

Compliance

TRID

Charges That Cannot Increase Test

Cured-Received PCCD XXXX, LOE, refund check for $10.00 and proof of delivery. - Due Diligence Vendor-10/16/2024
Ready for Review-A copy of the fed-x label, LOE, check and PCCD have been uploaded, please clear condition. - Seller-10/14/2024
Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $10.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Zero (0%) tolerance fees increased by $10.00 Wire Fee without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $10.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statue of Limitations 3 years. Expiration date XXXX
- Due Diligence Vendor-10/02/2024

Ready for Review-A copy of the XXXX label, LOE, check and PCCD have been uploaded, please clear condition. - Seller-10/14/2024

Cured-Received PCCD XXXX, LOE, refund check for $10.00 and proof of delivery. - Due Diligence Vendor-10/16/2024

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2510064

XXXX

413400

XXXX

Closed

FCRE7497

2024-10-08 15:08

2024-10-14 15:01

Resolved

1 - Information

Credit

Missing Doc

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Resolved-Taxes provided. - Due Diligence Vendor-10/14/2024

Ready for Review-Document Uploaded. attached mtg stmt - Seller-10/11/2024

Ready for Review-Document Uploaded. please find the taxes for review. - Seller-10/11/2024

Counter-Provide property taxes. - Due Diligence Vendor-10/10/2024

Ready for Review-Document Uploaded. Please find the HOA, Tax and ins for non subj prop - Seller-10/09/2024

Open-REO 3B - Missing evidence of Taxes and HOA, as reflected on Final 1003. - Due Diligence Vendor-10/08/2024

Ready for Review-Document Uploaded. attached mtg stmt - Seller-10/11/2024

Ready for Review-Document Uploaded. please find the taxes for review. - Seller-10/11/2024

Ready for Review-Document Uploaded. Please find the HOA, Tax and ins for non subj prop - Seller-10/09/2024

Resolved-Taxes provided. - Due Diligence Vendor-10/14/2024

Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 740; qualifying FICO is 768.

Months Reserves exceed minimum required - Months reserves required is 6; qualifying reserves is 150.12 months.

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Purchase

N/A

2554035

XXXX

413401

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Purchase

XXXX

413409

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Purchase

XXXX

414074

XXXX

Closed

FCRE5782

2024-10-11 12:58

2024-10-16 17:03

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Gap Credit Report is Missing

Resolved-Received, Borrower 1 Gap Credit Report. - Due Diligence Vendor-12/16/2024

Ready for Review-Document Uploaded. Please find the Gap report for both borrowers are on one page. - Seller-10/14/2024

Open-Borrower 1 Gap Credit Report is Missing Missing for B1 AND B2 - Due Diligence Vendor-10/11/2024

Ready for Review-Document Uploaded. Please find the Gap report for both borrowers are on one page. - Seller-10/14/2024

Resolved-Received, Borrower 1 Gap Credit Report. - Due Diligence Vendor-12/16/2024

LTV is less than guideline maximum - 60% vs. 80%

Qualifying FICO score is at least 20 points above minimum for program - 786 vs. 600 min

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

2579459

XXXX

414074

XXXX

Closed

FCRE5790

2024-10-16 16:51

2024-10-16 17:03

Resolved

1 - Information

Credit

Closing

Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date)

Resolved-Received updated, Borrower 1 Gap Credit Report. - Due Diligence Vendor-12/16/2024

Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). - Due Diligence Vendor-10/16/2024

Resolved-Received updated, Borrower 1 Gap Credit Report. - Due Diligence Vendor-12/16/2024

LTV is less than guideline maximum - 60% vs. 80%

Qualifying FICO score is at least 20 points above minimum for program - 786 vs. 600 min

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

2616427

XXXX

414074

XXXX

Closed

FCRE5791

2024-10-16 16:51

2024-10-16 17:03

Resolved

1 - Information

Credit

Closing

Borrower 2 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date)

Resolved-Received updated, Borrower 2 Gap Credit Report. - Due Diligence Vendor-12/16/2024

Open-Borrower 2 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). - Due Diligence Vendor-10/16/2024

Resolved-Received updated, Borrower 2 Gap Credit Report. - Due Diligence Vendor-12/16/2024

LTV is less than guideline maximum - 60% vs. 80%

Qualifying FICO score is at least 20 points above minimum for program - 786 vs. 600 min

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

2616428

XXXX

414080

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

XXXX

416223

XXXX

Closed

FCRE1198

2024-10-16 13:14

2024-12-15 03:05

Resolved

1 - Information

Credit

Eligibility

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Resolved-Received additional documentation, Audited Reserves of 22.7 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-12/15/2024

Ready for Review-Document Uploaded. Using cash out proceeds for reserves, see uploaded final settlement statement. Please clear condition. - Seller-10/21/2024

Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-10/16/2024

Ready for Review-Document Uploaded. Using cash out proceeds for reserves, see uploaded final settlement statement. Please clear condition. - Seller-10/21/2024

Resolved-Received additional documentation, Audited Reserves of 22.7 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-12/15/2024

On time mortgage history exceeds guideline requirement - 0x30x12 On time mortgage history exceeds guideline requirement

Qualifying FICO score is at least 20 points above minimum for program - 755 Qualifying FICO score is at least 20 points above minimum for program of 700

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

2613332

XXXX

416223

XXXX

Closed

FCRE1492

2024-10-22 15:14

2024-10-24 15:46

Resolved

1 - Information

Credit

Assets

Cash Out Does Not Meet Guideline Requirements

Resolved-Scope of work for the subjects improvements provided. - Due Diligence Vendor-10/24/2024

Ready for Review-Document Uploaded. Scope of work completed on the subject property, please clear condition. - Seller-10/23/2024

Open-*New*. Re-reviewed to cash out guidelines. - Subject was purchase 5 months prior. Guidelines state the increase is over 20%, capital improvements to the property or an acceptable explanation must be provided to support the increase. Additional conditions may apply. - Due Diligence Vendor-10/22/2024

Ready for Review-Document Uploaded. Scope of work completed on the subject property, please clear condition. - Seller-10/23/2024

Resolved-Scope of work for the subjects improvements provided. - Due Diligence Vendor-10/24/2024

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

2659172

XXXX

416223

XXXX

Closed

FCRE1455

2024-10-16 13:07

2024-10-22 15:03

Resolved

1 - Information

Credit

Assets

Asset 1 Less Than 2 Months Verified

Resolved-HUD received. Excluded Assets - Due Diligence Vendor-12/14/2024

Ready for Review-Document Uploaded. Using cash out proceeds for reserves, see uploaded final settlement statement. Please clear condition. - Seller-10/21/2024

Open-Asset 1 Less Than 2 Months Verified Less than 60 days of asset statements. - Due Diligence Vendor-10/16/2024

Ready for Review-Document Uploaded. Using cash out proceeds for reserves, see uploaded final settlement statement. Please clear condition. - Seller-10/21/2024

Resolved-HUD received. Excluded Assets - Due Diligence Vendor-12/14/2024

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

2613216

XXXX

416223

XXXX

Closed

FCRE1479

2024-10-16 13:07

2024-10-22 15:03

Resolved

1 - Information

Credit

Assets

Asset 1 Does Not Meet Guideline Requirements

Resolved-Receive additional assets and Asset Record 1 excluded. - Due Diligence Vendor-01/23/2025

Ready for Review-Using cash out proceeds for reserves, see uploaded final settlement statement. Please clear condition. - Seller-10/21/2024

Open-Asset Record 1 Does Not Meet G/L Requirements. Less than 60 days of asset statements. - Due Diligence Vendor-10/16/2024

Ready for Review-Using cash out proceeds for reserves, see uploaded final settlement statement. Please clear condition. - Seller-10/21/2024

Resolved-Receive additional assets and Asset Record 1 excluded. - Due Diligence Vendor-01/23/2025

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

2613215

XXXX

416223

XXXX

Closed

FCRE9501

2024-10-16 13:07

2024-10-22 15:02

Resolved

1 - Information

Credit

Assets

Total Qualified Assets Post-Close is Less than $0

Resolved-Received documentation of cash out proceeds being used. - Due Diligence Vendor-01/23/2025

Ready for Review-Document Uploaded. Using cash out proceeds for reserves, see uploaded final settlement statement. Please clear condition. - Seller-10/21/2024

Open-Total Qualified Assets Post-Close amount is '$-38700.69'. Assets are Insufficient. - Due Diligence Vendor-10/16/2024

Ready for Review-Document Uploaded. Using cash out proceeds for reserves, see uploaded final settlement statement. Please clear condition. - Seller-10/21/2024

Resolved-Received documentation of cash out proceeds being used. - Due Diligence Vendor-01/23/2025

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

2613217

XXXX

416223

XXXX

Closed

FCRE1145

2024-10-16 12:49

2024-10-18 16:23

Resolved

1 - Information

Credit

Missing Doc

Title Document Missing

Resolved-Title Document provided. - Due Diligence Vendor-10/18/2024

Ready for Review-Document Uploaded. Commitment has been uploaded, please clear condition. - Seller-10/17/2024

Open-Title Document is missing - Due Diligence Vendor-10/16/2024

Ready for Review-Document Uploaded. Commitment has been uploaded, please clear condition. - Seller-10/17/2024

Resolved-Title Document provided. - Due Diligence Vendor-10/18/2024

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

2612962

XXXX

416223

XXXX

Closed

FCRE1151

2024-10-18 16:22

2024-10-18 16:23

Resolved

1 - Information

Credit

Title

Satisfactory Chain of Title not Provided

Resolved-Satisfactory Chain of Title has been provided - Due Diligence Vendor-10/18/2024

Open-Unsatisfactory Chain of Title provided. - Due Diligence Vendor-10/18/2024

Resolved-Satisfactory Chain of Title has been provided - Due Diligence Vendor-10/18/2024

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

2636163

XXXX

416862

XXXX

Closed

FCRE1198

2024-10-16 17:30

2024-10-21 16:55

Resolved

1 - Information

Credit

Eligibility

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Resolved-Audited Reserves of 8.15 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Gift Funds provided. - Due Diligence Vendor-10/21/2024

Ready for Review-Document Uploaded. Uploaded a copy of the gift letter and receipt of funds, please clear condition. - Seller-10/18/2024

Open-Audited Reserves of 1.14 month(s) are less than Guideline Required Reserves of 6 month(s) Short based on assets provided. - Due Diligence Vendor-10/16/2024

Ready for Review-Document Uploaded. Uploaded a copy of the gift letter and receipt of funds, please clear condition. - Seller-10/18/2024

Resolved-Audited Reserves of 8.15 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Gift Funds provided. - Due Diligence Vendor-10/21/2024

On time mortgage history exceeds guideline requirement - 0x30x24 Mortgage pay history; min required 12 months.

Long term residence - Long term residence borrower in current primary 4 years.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2616791

XXXX

416862

XXXX

Closed

FCOM1301

2024-10-14 14:04

Waived

2 - Non-Material

Compliance

Missing Doc

Home Loan Toolkit is Missing

Waived-The Home Loan Toolkit disclosure is missing. Originator waiver applied to non-material findings - Due Diligence Vendor-10/14/2024

On time mortgage history exceeds guideline requirement - 0x30x24 Mortgage pay history; min required 12 months.

Long term residence - Long term residence borrower in current primary 4 years.

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

Originator Post-Close

2592701

XXXX

416863

XXXX

Closed

FCRE6019

2024-10-13 15:39

2024-10-29 17:17

Resolved

1 - Information

Credit

Missing Doc

Citizenship Documentation Not Provided

Resolved-Received, Borrower Citizenship Documentation. - Due Diligence Vendor-12/16/2024

Ready for Review-Document Uploaded. The LO confirmed the Country of Origin for both borrowers, please clear condition.
- Seller-10/25/2024

Counter-ITIN's provided. Please provide documentation to support the country of origin. - Due Diligence Vendor-10/24/2024

Ready for Review-Document Uploaded. Copy of the ID and ITIN letter for these borrowers are the required documents needed, please clear condition. - Seller-10/21/2024

Open-Borrower Citizenship Documentation Is Missing 1003's reflect both borrowers are Non-Permanent Resident Aliens. The guides require Non-Permanent Resident Aliens to provide a visa indicating that they are legally allowed to reside in the United States. Visas for both borrowers are missing. - Due Diligence Vendor-10/18/2024

Ready for Review-Document Uploaded. The LO confirmed the Country of Origin for both borrowers, please clear condition.
- Seller-10/25/2024

Ready for Review-Document Uploaded. Copy of the ID and ITIN letter for these borrowers are the required documents needed, please clear condition. - Seller-10/21/2024

Resolved-Received, Borrower Citizenship Documentation. - Due Diligence Vendor-12/16/2024

Months Reserves exceed minimum required - 21.29 mos reserves, 6 mos required

Qualifying DTI below maximum allowed - DTI 31.19%, 50% max

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Purchase

N/A

2587088

XXXX

417486

XXXX

Closed

finding-3652

2024-10-15 11:18

2024-10-23 07:07

Resolved

1 - Information

Compliance

TRID

Lender Credits That Cannot Decrease Test

Resolved-Received COC. - Due Diligence Vendor-10/23/2024

Ready for Review-Document Uploaded. Please find the COC that was provided. - Seller-10/21/2024

Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($524.88) does not exceed or equal the comparable sum of specific and non-specific lender credits ($547.19). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Lender credit decreased from $547.19 to $524.88 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $22.31, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. SOL - 3 years 10/4/2027
- Due Diligence Vendor-10/15/2024

Ready for Review-Document Uploaded. Please find the COC that was provided. - Seller-10/21/2024

Resolved-Received COC. - Due Diligence Vendor-10/23/2024

Qualifying DTI below maximum allowed - Max 50%, actual 35.50%

Months Reserves exceed minimum required - Required 6 months, actual 13.74 months

Qualifying FICO score is at least 20 points above minimum for program - Required 680, actual 777

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2600499

XXXX

417486

XXXX

Closed

FCRE0068

2024-10-18 09:00

2024-10-22 15:25

Waived

2 - Non-Material

Credit

Closing

Remaining Equity is less than $40,000 which does not meet guideline requirement

Waived-Originator provided a waiver, applied to non material finding with comp factors - Due Diligence Vendor-10/22/2024

Ready for Review-Document Uploaded. Please find the credit exception for review. - Seller-10/21/2024

Open-Remaining equity is less than $40,000 which does not meet guideline requirement. Only $37,050 equity. - Due Diligence Vendor-10/18/2024

Ready for Review-Document Uploaded. Please find the credit exception for review. - Seller-10/21/2024

Waived-Originator provided a waiver, applied to non material finding with comp factors - Due Diligence Vendor-10/22/2024

85% LTV < 90% maximum allowed
777 FICO > 680 minimum required.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

Originator Post-Close

2630303

XXXX

417490

XXXX

Closed

FCRE8611

2024-11-15 14:29

Waived

2 - Non-Material

Credit

Income/Employment

Income/Employment General

Waived--Lender approved using 25% expense factor; not an option per guidelines. Originator waiver applied to non-material finding. - Due Diligence Vendor-11/15/2024

Months Reserves exceed minimum required - Per guides no reserves required, borrower has 34 documented

LTV is less than guideline maximum - LTV max 90%, subject is at 60%

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

2822689

XXXX

417490

XXXX

Closed

FPRO0008

2024-10-18 12:42

2024-10-22 15:33

Resolved

1 - Information

Property

Condo Project Warrantable is Unable to Determine

Resolved-HOA certification provided. - Due Diligence Vendor-10/22/2024

Ready for Review-Document Uploaded. HOA questionnaire is uploaded for review. - Seller-10/21/2024

Open-The Condo Project Warrantability is Unable to Determined. Unable to determine - Due Diligence Vendor-10/18/2024

Ready for Review-Document Uploaded. HOA questionnaire is uploaded for review. - Seller-10/21/2024

Resolved-HOA certification provided. - Due Diligence Vendor-10/22/2024

Months Reserves exceed minimum required - Per guides no reserves required, borrower has 34 documented

LTV is less than guideline maximum - LTV max 90%, subject is at 60%

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

2633178

XXXX

417490

XXXX

Closed

FPRO1255

2024-10-18 12:42

2024-10-22 15:32

Resolved

1 - Information

Credit

Missing Doc - Credit

HOA Questionnaire Document is Missing

Resolved-The HOA Questionnaire Document provided. - Due Diligence Vendor-10/22/2024

Ready for Review-Document Uploaded. please find the HOA questionnaire for review. - Seller-10/21/2024

Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. Unable to locate questionnaire in uploaded documents - Due Diligence Vendor-10/18/2024

Ready for Review-Document Uploaded. please find the HOA questionnaire for review. - Seller-10/21/2024

Resolved-The HOA Questionnaire Document provided. - Due Diligence Vendor-10/22/2024

Months Reserves exceed minimum required - Per guides no reserves required, borrower has 34 documented

LTV is less than guideline maximum - LTV max 90%, subject is at 60%

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

2633177

XXXX

417490

XXXX

Closed

FCOM1301

2024-10-15 17:07

2024-10-15 17:08

Waived

2 - Non-Material

Compliance

Missing Doc

Home Loan Toolkit is Missing

Waived-The Home Loan Toolkit disclosure is missing. ----- Originator waiver applied to non-material finding. - Due Diligence Vendor-10/15/2024

Months Reserves exceed minimum required - Per guides no reserves required, borrower has 34 documented

LTV is less than guideline maximum - LTV max 90%, subject is at 60%

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

2605462

XXXX

418289

XXXX

Closed

FCRE1316

2024-10-21 15:00

2024-11-04 15:32

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 3rd Party VOE Prior to Close Missing

Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Corrected 1003 and LOE from the borrower provided. - Due Diligence Vendor-11/04/2024

Ready for Review-Document Uploaded. please find the corrected 1003 and the LOE from bwr - Seller-10/31/2024

Counter-A corrected 1003 from the borrower and an LOE from the borrower will be required to clear this condition. - Due Diligence Vendor-10/28/2024

Ready for Review-what is needed to update? do you want the phone number changed on the 1003? Can we clear this as the borrower clearly is owner and is verified  - Seller-10/24/2024

Counter-Internet listing print out provided, however the phone number does not match the work phone on the 1003.  It appears the borrower listed the Cell Phone number. - Due Diligence Vendor-10/23/2024

Ready for Review-Document Uploaded. bwr is self employed search uploaded  - Seller-10/22/2024

Open-Borrower 1 3rd Party VOE Prior to Close Missing Borrower 1 3rd Party VOE (w/in 10 days of Note) Prior to Close Missing - Due Diligence Vendor-10/21/2024

Ready for Review-Document Uploaded. please find the corrected 1003 and the LOE from bwr - Seller-10/31/2024

Ready for Review-what is needed to update? do you want the phone number changed on the 1003? Can we clear this as the borrower clearly is owner and is verified - Seller-10/24/2024

Ready for Review-Document Uploaded. bwr is self employed search uploaded - Seller-10/22/2024

Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Corrected 1003 and LOE from the borrower provided. - Due Diligence Vendor-11/04/2024

Qualifying DTI below maximum allowed - Per guidelines DTI allowed to 50%, clients DTI is <20%

Qualifying FICO score is at least 20 points above minimum for program - Per guidelines minimum Fico 700; Loan FICO is 750

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

2650064

XXXX

418289

XXXX

Closed

FCRE1325

2024-10-21 15:00

2024-11-04 15:30

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 CPA Letter Missing

Resolved-Borrower 1 CPA Letter Provided - Due Diligence Vendor-10/23/2024

Ready for Review-Document Uploaded. Per underwriting guidelines, the Highest business expense factor we would ever utilize on an Alt Doc loan file is 90%. Since this borrower’s income easily qualified with the highest 90% expense factor, there was no need to ask for a CPA Letter to confirm that the business expenses were less than 90%. Please update and clear. - Seller-10/22/2024

Open-Borrower 1 CPA Letter Missing confirming expense factor - Due Diligence Vendor-10/21/2024

Ready for Review-Document Uploaded. Per underwriting guidelines, the Highest business expense factor we would ever utilize on an Alt Doc loan file is 90%. Since this borrower’s income easily qualified with the highest 90% expense factor, there was no need to ask for a CPA Letter to confirm that the business expenses were less than 90%. Please update and clear. - Seller-10/22/2024

Resolved-Borrower 1 CPA Letter Provided - Due Diligence Vendor-10/23/2024

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

2650065

XXXX

418290

XXXX

Closed

FPRO0011

2024-10-18 09:44

2024-10-28 16:46

Resolved

1 - Information

Property

FEMA disaster declared INDIVIDUAL

Resolved-Resolve-PDI with an inspection date of XXXX provided. No damage - Due Diligence Vendor-01/23/2025
Ready for Review-Document Uploaded. The Property Disaster Inspection has been uploaded, please clear condition. - Seller-10/25/2024
Open-Florida Hurricane XXXX; DR-XXXX-FL; Incident Period: Oct 5, 2024 and continuing. - Due Diligence Vendor-10/18/2024

Ready for Review-Document Uploaded. The Property Disaster Inspection has been uploaded, please clear condition. - Seller-10/25/2024

Resolved-Resolve-PDI with an inspection date of 10/24/2024 provided. No damage - Due Diligence Vendor-01/23/2025

Qualifying FICO score is at least 20 points above minimum for program - minimum qualifying score 660; borrower's qualifying score 760

LTV is less than guideline maximum - Max LTV 90%; subject LTV 80%

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Purchase

N/A

2630794

XXXX

418290

XXXX

Closed

FCOM5135

2024-10-15 13:26

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material Findings. - Due Diligence Vendor-10/15/2024

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Purchase

Originator Post-Close

2602268

XXXX

421585

XXXX

Closed

FCOM5135

2024-10-16 15:48

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-10/16/2024

Months Reserves exceed minimum required - 8 mos reserves; 6 mos required

Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score is 815; minimum required credit score per guidelines is 680

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

2615720

XXXX

421587

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

XXXX

421589

XXXX

Closed

FCRE1316

2024-10-22 07:26

2024-10-28 16:25

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 3rd Party VOE Prior to Close Missing

Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-10/24/2024

Ready for Review-Document Uploaded. Please find the voe for bwr 1 - Seller-10/23/2024

Open-Borrower 1 3rd Party VOE Prior to Close Missing The file did not contain a verbal VOE for the borrower. - Due Diligence Vendor-10/22/2024

Ready for Review-Document Uploaded. Please find the voe for bwr 1 - Seller-10/23/2024

Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-10/24/2024

Months Reserves exceed minimum required - 6 months reserves required. 33.23 verified.

Qualifying FICO score is at least 20 points above minimum for program - qualifying score 780, minimum qualifying score 700.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2653473

XXXX

421589

XXXX

Closed

FCRE1347

2024-10-22 07:26

2024-10-28 16:25

Resolved

1 - Information

Credit

Missing Doc

Borrower 2 3rd Party VOE Prior to Close Missing

Resolved-Received Borrower 2 3rd Party VOE Prior to Close - Due Diligence Vendor-01/23/2025
Ready for Review-Document Uploaded. Please see attachment both VOE are attached. Bwr2 firs job is XXXX and 2nd job is XXXX. - Seller-10/25/2024
Counter-VVOE provided for B2's second job. Please provide the VVOE for the borrowers primary job. - Due Diligence Vendor-10/24/2024
Ready for Review-Document Uploaded. please find the VOE for b2 - Seller-10/23/2024
Open-Borrower 2 3rd Party VOE Prior to Close Missing The file did not contain a VOE for either in the co-borrower's jobs. - Due Diligence Vendor-10/22/2024

Ready for Review-Document Uploaded. Please see attachment both VOE are attached. Bwr2 firs job is XXXX and 2nd job is XXXX. - Seller-10/25/2024
Ready for Review-Document Uploaded. please find the VOE for b2 - Seller-10/23/2024

Resolved-Received Borrower 2 3rd Party VOE Prior to Close - Due Diligence Vendor-01/23/2025

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2653474

XXXX

421589

XXXX

Closed

FCOM5135

2024-10-17 10:43

2024-10-28 11:19

Resolved

1 - Information

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Resolved-Received confirmation from client that XXXX does not have affiliates. - Due Diligence Vendor-10/28/2024
Ready for Review-XXXX does not have any affiliate businesses so there is no affiliated business disclosure. please clear findings. - Seller-10/25/2024
Counter-Received Disclosure Regarding Real Estate Agency Relationship. Please provide Affiliated Business Disclosure. Finding remains. - Due Diligence Vendor-10/24/2024
Ready for Review-Document Uploaded. updated disclosure - Seller-10/23/2024
Open-Required Affiliated Business Disclosure Missing ----- Missing Affiliated Business disclosure, unable to test fee tolerance properly. Additional Findings may apply upon receipt. - Due Diligence Vendor-10/17/2024

Ready for Review-XXXX does not have any affiliate businesses so there is no affiliated business disclosure. please clear findings. - Seller-10/25/2024
Ready for Review-Document Uploaded. updated disclosure - Seller-10/23/2024

Resolved-Received confirmation from client that Homexpress does not have affiliates. - Due Diligence Vendor-10/28/2024

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2621368

XXXX

421589

XXXX

Closed

FCRE1159

2024-10-22 09:13

2024-10-24 15:42

Resolved

1 - Information

Credit

Insurance

Hazard Insurance Effective Date is after the Note Date

Resolved-Hazard Insurance Effective Date of XXXX is prior to or equal to the Note Date of XXXX Or Hazard Insurance Effective Date Is Not Provided - Updated policy provided. - Due Diligence Vendor-10/24/2024
Ready for Review-Document Uploaded. Updated haz ins uploaded for review. - Seller-10/23/2024
Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX loan close date was XXXX, disbursement date XXXX. - Due Diligence Vendor-10/22/2024

Ready for Review-Document Uploaded. Updated haz ins uploaded for review. - Seller-10/23/2024

Resolved-Hazard Insurance Effective Date of 10-08-2024 is prior to or equal to the Note Date of XXXX Or Hazard Insurance Effective Date Is Not Provided - Updated policy provided. - Due Diligence Vendor-10/24/2024

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2654310

XXXX

421589

XXXX

Closed

FCRE1160

2024-10-24 15:41

Resolved

1 - Information

Credit

Insurance

Hazard Insurance Expiration Date is before the Note Date

Resolved-Hazard Insurance Expiration Date of XXXX is after the Note Date of XXXX. Updated policy provided. - Due Diligence Vendor-01/23/2025
Open-Hazard Insurance Expiration Date of XXXX is prior to or equal to the Note Date of XXXX - Due Diligence Vendor-10/24/2024

Resolved-Hazard Insurance Expiration Date of 10-08-2025 is after the Note Date of XXXX. Updated policy provided. - Due Diligence Vendor-01/23/2025

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2676625

XXXX

422376

XXXX

Closed

FCRE7805

2024-10-22 11:46

2024-10-29 16:34

Resolved

1 - Information

Credit

Missing Doc

Missing Income - Bank Statements

Resolved-Upon further review, Bank Statement in the loan file meets the lender guidelines. - Due Diligence Vendor-01/23/2025

Ready for Review-Document Uploaded. Guidelines allow for the bank stmts to be calculated with deposits used in July documented within the 14 day stmt, see attached guideline as long as we have 10 month minimun. - Seller-10/28/2024

Open-July 2024 business bank statement used in income calculation is missing 2 weeks. - Due Diligence Vendor-10/22/2024

Ready for Review-Document Uploaded. Guidelines allow for the bank stmts to be calculated with deposits used in July documented within the 14 day stmt, see attached guideline as long as we have 10 month minimun. - Seller-10/28/2024

Resolved-Upon further review, Bank Statement in the loan file meets the lender guidelines. - Due Diligence Vendor-01/23/2025

LTV is less than guideline maximum - LTV of 25.38 far less than the guideline max of 90.

Qualifying DTI below maximum allowed - Qualifying DTI is lower than the guideline max of 50.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO of 810 exceeds the guideline minimum of 600 by more than 20 points.

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Purchase

N/A

2656666

XXXX

422376

XXXX

Closed

finding-3430

2024-10-18 13:59

2024-10-28 11:47

Resolved

1 - Information

Compliance

QM-ATR

Qualified Mortgage Safe Harbor Threshold

Resolved-Upon further review, no further documentation is needed or required. - Due Diligence Vendor-10/28/2024
Ready for Review-XXXX agrees with this assessment please clear - Seller-10/24/2024
Open-This loan does not qualify for a safe harbor level of compliance with the qualified mortgage rule. ( 12 CFR §1026.43(b)(4), (e)(1) )This loan does not qualify for a safe harbor. The loan has an APR of 7.544%. The APR threshold to qualify for a safe harbor is 7.540%.A creditor or assignee of a qualified mortgage, that is not a higher-priced covered transaction, complies with the repayment ability requirements of paragraph (c) of this section. A creditor or assignee of a qualified mortgage, that is a higher-priced covered transaction, is presumed to comply with the repayment ability requirements of paragraph (c) of this section.Higher-priced covered transaction means a covered transaction with an annual percentage rate that exceeds the average prime offer rate for a comparable transaction as of the date the interest rate is set by 1.5 or more percentage points for a first-lien covered transaction, or by 3.5 or more percentage points for a subordinate-lien covered transaction. - Due Diligence Vendor-10/18/2024

Ready for Review-XXXX agrees with this assessment please clear - Seller-10/24/2024

Resolved-Upon further review, no further documentation is needed or required. - Due Diligence Vendor-10/28/2024

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Purchase

N/A

2634307

XXXX

422376

XXXX

Closed

FCOM5814

2024-10-17 15:04

2024-10-28 11:38

Resolved

1 - Information

Compliance

TRID

TRID: Closing Disclosure Deficiency

Resolved-Received final complete CD XXXX. - Due Diligence Vendor-10/28/2024
Ready for Review-Document Uploaded. Please find the corrected CD - Seller-10/24/2024
Open------Assumption is missing designation along with the Partial payments Section. - Due Diligence Vendor-10/17/2024

Ready for Review-Document Uploaded. Please find the corrected CD - Seller-10/24/2024

Resolved-Received final complete CD XXXX. - Due Diligence Vendor-10/28/2024

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Purchase

N/A

2625402

XXXX

422380

XXXX

Closed

FCRE1195

2024-10-22 11:46

2024-10-25 16:31

Waived

2 - Non-Material

Credit

Eligibility

Audited CLTV Exceeds Guideline CLTV

Waived-Received exception for CLTV. Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-01/23/2025

Ready for Review-Exception in file, please clear condition. - Seller-10/24/2024

Open-Audited CLTV of 95% exceeds Guideline CLTV of 90% Lender approved exception in file for CLTV of 95%. - Due Diligence Vendor-10/22/2024

Ready for Review-Exception in file, please clear condition. - Seller-10/24/2024

Waived-Received exception for CLTV. Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-01/23/2025

Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 660 / Borrower FICO is 756.

Qualifying DTI below maximum allowed - Max DTI is 50% / Borrower DTI is <35%

-Reserves exceed 6 months.
-DTI < 30%
-Score is 756 vs program min required of 660
-18 years on job
-5 years at present address
-0x30 mortgage payments for 240 months

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

Originator Post-Close

Yes

2656676

XXXX

424686

XXXX

Closed

finding-3634

2024-10-17 14:48

2024-12-14 13:35

Resolved

1 - Information

Compliance

TRID

Charges That Cannot Increase Test

Resolved-Zero (0%) tolerance fees increased by $65.00 (Appraisal Fee) without a valid COC in file. Lender credit of $65.00 for closing cost above legal limit is on final CD. Finding resolved. - Due Diligence Vendor-01/23/2025

Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $65.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Zero (0%) tolerance fees increased by $65.00 (Appraisal Fee) without a valid COC in file. Lender credit of $65.00 for closing cost above legal limit is on final CD. Finding resolved. - Due Diligence Vendor-10/17/2024

Months Reserves exceed minimum required - Minimum Req 6, Borrower has 95

LTV is less than guideline maximum - Max LTV 80%, loan is 52%

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

2625156

XXXX

424686

XXXX

Closed

FCRE1193

2024-10-23 12:43

2024-10-29 16:40

Waived

2 - Non-Material

Credit

Eligibility

Audited DTI Exceeds Guideline DTI

Waived-Originator provided a waiver, applied to non material finding with comp factors - Due Diligence Vendor-10/29/2024

Ready for Review-Document Uploaded. Please find exception for review. - Seller-10/28/2024

Open-Audited DTI of 50.39% exceeds Guideline DTI of 50% DTI exceeds Max guidelines, audit income and debts in line with lender final 1003. - Due Diligence Vendor-10/23/2024

Ready for Review-Document Uploaded. Please find exception for review. - Seller-10/28/2024

Waived-Originator provided a waiver, applied to non material finding with comp factors - Due Diligence Vendor-10/29/2024

Months Reserves exceed minimum required - Minimum Req 6, Borrower has 95

LTV is less than guideline maximum - Max LTV 80%, loan is 52%

58.28% LTV < 80% maximum allowed
817 FICO > 660 minimum required.

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Refinance

Cash Out - Other

Originator Post-Close

2666312

XXXX

424686

XXXX

Closed

FCRE8201

2024-10-23 15:11

2024-10-25 16:15

Resolved

1 - Information

Credit

Eligibility

Loan does not conform to program guidelines

Resolved-Upon further review, guidelines allow to use CPA expense factor. CPA letter supports expense factor of 5%. - Due Diligence Vendor-01/23/2025

Ready for Review-Document Uploaded. per CPA the client expense factor has been 5-7% the last three years attached. please clear findings. - Seller-10/24/2024

Open-5% expense factor used, per guides minimum of 15% must be considered. If using 15% DTI would increase dramatically. - Due Diligence Vendor-10/23/2024

Ready for Review-Document Uploaded. per CPA the client expense factor has been 5-7% the last three years attached. please clear findings. - Seller-10/24/2024

Resolved-Upon further review, guidelines allow to use CPA expense factor. CPA letter supports expense factor of 5%. - Due Diligence Vendor-01/23/2025

Months Reserves exceed minimum required - Minimum Req 6, Borrower has 95

LTV is less than guideline maximum - Max LTV 80%, loan is 52%

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

2668041

XXXX

424686

XXXX

Closed

finding-3532

2024-10-17 14:48

2024-10-25 07:13

Resolved

1 - Information

Compliance

TRID

Initial Closing Disclosure Delivery Date Test

Resolved-Received CD acknowledged by borrower. - Due Diligence Vendor-10/25/2024
Ready for Review-Document Uploaded. please find the initial CD signed - Seller-10/24/2024
Open-This loan failed the initial closing disclosure delivery date test due to one of the following findings:( 12 CFR §1026.19(f)(1)(ii) )The initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"USPS First Class Mail" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the initial closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transactionThe creditor shall ensure that the consumer receives the disclosures required under paragraph §1026.19(f)(1)(i) no later than three business days before consummation. -----Provide evidence of borrower receipt of Initial CD dated XXXX. - Due Diligence Vendor-10/17/2024

Ready for Review-Document Uploaded. please find the initial CD signed - Seller-10/24/2024

Resolved-Received CD acknowledged by borrower. - Due Diligence Vendor-10/25/2024

Months Reserves exceed minimum required - Minimum Req 6, Borrower has 95

LTV is less than guideline maximum - Max LTV 80%, loan is 52%

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

2625154

XXXX

424686

XXXX

Closed

finding-47

2024-10-17 14:48

2024-10-25 07:13

Resolved

1 - Information

Compliance

Right to Rescind

TILA Right of Rescission Test

Resolved-Received PCCD. - Due Diligence Vendor-10/25/2024

Ready for Review-Document Uploaded. please find the PCCD for review - Seller-10/24/2024

Open-This loan failed the TILA right of rescission test.

Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) )The funding date is before the third business day following consummation.

The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. -----Provide PCCD with disbursement date after the ROR expiration date of 10/10/24. - Due Diligence Vendor-10/17/2024

Ready for Review-Document Uploaded. please find the PCCD for review - Seller-10/24/2024

Resolved-Received PCCD. - Due Diligence Vendor-10/25/2024

Months Reserves exceed minimum required - Minimum Req 6, Borrower has 95

LTV is less than guideline maximum - Max LTV 80%, loan is 52%

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

2625157

XXXX

424688

XXXX

Closed

FCRE1440

2024-10-24 11:53

2024-10-29 17:11

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Upon further review, Housing History Meets Guideline Requirements - Housing history was located in the loan file. - Due Diligence Vendor-01/23/2025
Ready for Review-Document Uploaded. The rental payments are found as a debit on each business bank statement XXXX, 2k per month. - Seller-10/25/2024
Open-Housing History Does Not Meet Guideline Requirements Provide the most recent 12 month housing history verified with the landlord. - Due Diligence Vendor-10/24/2024

Ready for Review-Document Uploaded. The rental payments are found as a debit on each business bank statement XXXX #XXXX, 2k per month. - Seller-10/25/2024

Resolved-Upon further review, Housing History Meets Guideline Requirements - Housing history was located in the loan file. - Due Diligence Vendor-01/23/2025

Qualifying FICO score is at least 20 points above minimum for program - Guidelines minimum 660- Borrower has 738

Qualifying DTI below maximum allowed - Guidelines require max 50%- Borrower has <25%

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2674198

XXXX

424688

XXXX

Closed

FCOM1233

2024-10-17 15:17

2024-10-28 16:52

Resolved

1 - Information

Compliance

Missing Doc

The Final 1003 is Incomplete

Resolved-The Final 1003 is Present - All pages of the 1003 provided. - Due Diligence Vendor-10/28/2024

Ready for Review-Document Uploaded. Please find the final 1003 - Seller-10/25/2024

Open-The Final 1003 is Incomplete Final 1003 missing Page 2. - Due Diligence Vendor-10/17/2024

Ready for Review-Document Uploaded. Please find the final 1003 - Seller-10/25/2024

Resolved-The Final 1003 is Present - All pages of the 1003 provided. - Due Diligence Vendor-10/28/2024

Qualifying FICO score is at least 20 points above minimum for program - Guidelines minimum 660- Borrower has 738

Qualifying DTI below maximum allowed - Guidelines require max 50%- Borrower has <25%

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2625576

XXXX

424689

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

XXXX

424691

XXXX

Closed

FCRE7497

2024-10-24 12:27

2024-11-06 10:47

Resolved

1 - Information

Credit

Missing Doc

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Resolved-Client provided mortgage statement showing escrows- condition resolved - Due Diligence Vendor-11/06/2024
Ready for Review-A copy of the mortgage statement showing escrow, please clear condition. - Seller-11/04/2024
Open-Provide the mortgage statement for XXXX for REO 2B to confirm the entire PITIA payment. - Due Diligence Vendor-10/24/2024

Ready for Review-A copy of the mortgage statement showing escrow, please clear condition. - Seller-11/04/2024

Resolved-Client provided mortgage statement showing escrows- condition resolved - Due Diligence Vendor-11/06/2024

LTV is less than guideline maximum - Guidelines allow up to 80% - Borrowers are at 73.31% LTV

Months Reserves exceed minimum required - Guidelines require 6 mths reserves- Borrowers have 45.32 months

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

2674540

XXXX

424691

XXXX

Closed

FCRE5783

2024-10-24 08:57

2024-11-06 10:46

Resolved

1 - Information

Credit

Missing Doc

Borrower 2 Gap Credit Report is Missing

Resolved-Client provided Gap report-condition resolved - Due Diligence Vendor-11/06/2024
Ready for Review-Document Uploaded. The gap report for borrower 2 has been uploaded, please clear condition. - Seller-11/05/2024
Open-Borrower 2 Gap Credit Report is Missing Provide XXXX Gap Credit Report. - Due Diligence Vendor-10/24/2024

Ready for Review-Document Uploaded. The gap report for borrower 2 has been uploaded, please clear condition. - Seller-11/05/2024

Resolved-Client provided Gap report-condition resolved - Due Diligence Vendor-11/06/2024

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

2672106

XXXX

424691

XXXX

Closed

FCOM1223

2024-10-18 10:09

2024-10-28 16:13

Resolved

1 - Information

Credit

Closing

The Deed of Trust is Not Executed

Resolved-Executed Deed of Trust provided. - Due Diligence Vendor-10/28/2024

Ready for Review-Document Uploaded. A copy of the executed Deed of Trust has been uploaded, please clear condition. - Seller-10/25/2024

Open-The Deed of Trust is Not Executed Provide the executed Deed of Trust. There is what appears to be a portion of another DOT in file however the page numbers do not coincide. - Due Diligence Vendor-10/24/2024

Ready for Review-Document Uploaded. A copy of the executed Deed of Trust has been uploaded, please clear condition. - Seller-10/25/2024

Resolved-Executed Deed of Trust provided. - Due Diligence Vendor-10/28/2024

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

2631080

XXXX

424691

XXXX

Closed

FCOM1290

2024-10-18 10:44

2024-10-28 11:29

Resolved

1 - Information

Compliance

Missing Doc

Undiscounted Rate is Missing

Resolved-Received Undiscounted Rate. - Due Diligence Vendor-10/28/2024

Ready for Review-Document Uploaded. Undiscounted rate information has been uploaded, please clear condition. - Seller-10/25/2024

Open-Undiscounted Rate is Missing -----Missing value of undiscounted rate or starting adjusted rate, unable to test QM Points and Fees properly - Due Diligence Vendor-10/18/2024

Ready for Review-Document Uploaded. Undiscounted rate information has been uploaded, please clear condition. - Seller-10/25/2024

Resolved-Received Undiscounted Rate. - Due Diligence Vendor-10/28/2024

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

2631478

XXXX

424691

XXXX

Closed

finding-3532

2024-10-18 11:07

2024-10-28 11:28

Resolved

1 - Information

Compliance

TRID

Initial Closing Disclosure Delivery Date Test

Resolved-Received CD XXXX signed by borrowers same day. - Due Diligence Vendor-10/28/2024
Ready for Review-Document Uploaded. Proof of receipt and e-signed CD has been uploaded, please clear condition. - Seller-10/25/2024
Open-This loan failed the initial closing disclosure delivery date test due to one of the following findings:( 12 CFR §1026.19(f)(1)(ii) )The initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"XXXX" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the initial closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transactionThe creditor shall ensure that the consumer receives the disclosures required under paragraph §1026.19(f)(1)(i) no later than three business days before consummation. -----Missing evidence of borrower receipt and acknowledgement of a CD a minimum of 3 days prior to consummation
- Due Diligence Vendor-10/18/2024

Ready for Review-Document Uploaded. Proof of receipt and e-signed CD has been uploaded, please clear condition. - Seller-10/25/2024

Resolved-Received CD XXXX signed by borrowers same day. - Due Diligence Vendor-10/28/2024

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

2631827

XXXX

426309

XXXX

Closed

FCRE1506

2024-10-25 12:35

2024-10-29 16:37

Resolved

1 - Information

Credit

QM-ATR

Invalid Final QM Status - ATR/QM: Status Pending

Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Initial CD provided. - Due Diligence Vendor-10/29/2024

Ready for Review-Document Uploaded. Proof of receipt of the initial CD has been uploaded, please clear condition. - Seller-10/28/2024

Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing initial CD, compliance not yet run cannot determine QM status. - Due Diligence Vendor-10/25/2024

Ready for Review-Document Uploaded. Proof of receipt of the initial CD has been uploaded, please clear condition. - Seller-10/28/2024

Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Initial CD provided. - Due Diligence Vendor-10/29/2024

Months Reserves exceed minimum required - 32 months vs. 0

Qualifying DTI below maximum allowed - 42% vs 50%

LTV is less than guideline maximum - 70% < 80%

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

2683844

XXXX

426309

XXXX

Closed

FCOM9175

2024-10-20 20:17

2024-10-29 07:23

Resolved

1 - Information

Compliance

TRID

TRID: Closing Disclosure not received by the borrower 3 days prior to consummation

Resolved-Received Initial CD. - Due Diligence Vendor-10/29/2024

Ready for Review-Document Uploaded. Proof of receipt of the initial CD has been uploaded, please clear condition. - Seller-10/28/2024

Open------Missing initial CD and evidence of borrower receipt a minimum of 3 days prior to consummation. Additional Findings may apply upon receipt. - Due Diligence Vendor-10/21/2024

Ready for Review-Document Uploaded. Proof of receipt of the initial CD has been uploaded, please clear condition. - Seller-10/28/2024

Resolved-Received Initial CD. - Due Diligence Vendor-10/29/2024

Months Reserves exceed minimum required - 32 months vs. 0

Qualifying DTI below maximum allowed - 42% vs 50%

LTV is less than guideline maximum - 70% < 80%

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

2642887

XXXX

440367

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

445393

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

XXXX

446887

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

446889

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

449705

XXXX

Closed

FCRE1198

2024-11-25 11:15

2024-12-09 12:01

Resolved

1 - Information

Credit

Eligibility

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Resolved-New tape uploaded 12.5.2024- max reserves needed are 6 months- updated system to reflect- condition resolved. - Due Diligence Vendor-12/09/2024
Ready for Review-Data tape reuploaded 12/5 changing program to plus allowing for only 6 months reserves. Please clear condition - Seller-12/06/2024
Counter-10.41 months reserves < 12 months minimum required. Total assets including Gift funds is $81,702.18. Funds available for reserves are $40,892.69 ad $47,222.52 is required. - Due Diligence Vendor-12/02/2024
Ready for Review-Total assets verified $44,383, not including gift of $20,500 that was wired to escrow to cover cash to close. Docs already included in original upload - Seller-11/27/2024
Ready for Review-Document Uploaded. - Seller-11/27/2024
Open-Audited Reserves of 0.07 month(s) are less than Guideline Required Reserves of 12 month(s) Account ending # XXXX available balance shows less than what the lender used. - Due Diligence Vendor-11/25/2024

Ready for Review-Data tape reuploaded 12/5 changing program to plus allowing for only 6 months reserves. Please clear condition - Seller-12/06/2024

Ready for Review-Total assets verified $44,383, not including gift of $20,500 that was wired to escrow to cover cash to close. Docs already included in original upload - Seller-11/27/2024

Ready for Review-Document Uploaded. - Seller-11/27/2024

Resolved-New tape uploaded 12.5.2024- max reserves needed are 6 months- updated system to reflect- condition resolved. - Due Diligence Vendor-12/09/2024

Months Reserves exceed minimum required - Months Reserves 10.4 months exceed minimum required

Qualifying DTI below maximum allowed - Borrower's DTI 34.96 / Maximum 43

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2876838

XXXX

449705

XXXX

Closed

FCRE6737

2024-11-25 14:30

2024-12-05 11:16

Resolved

1 - Information

Credit

Missing Doc

Missing Letter of Explanation (Income)

Resolved-LOE has been provided. - Due Diligence Vendor-12/05/2024

Ready for Review-Document Uploaded. LOE bank account - Seller-12/04/2024

Open-Missing LOE for borrower changing bank accounts as of July 2024. - Due Diligence Vendor-11/25/2024

Ready for Review-Document Uploaded. LOE bank account - Seller-12/04/2024

Resolved-LOE has been provided. - Due Diligence Vendor-12/05/2024

Months Reserves exceed minimum required - Months Reserves 10.4 months exceed minimum required

Qualifying DTI below maximum allowed - Borrower's DTI 34.96 / Maximum 43

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2879861

XXXX

449705

XXXX

Closed

FCOM5135

2024-11-22 13:05

2024-11-22 14:09

Waived

2 - Non-Material

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non material findings. - Due Diligence Vendor-11/22/2024

Months Reserves exceed minimum required - Months Reserves 10.4 months exceed minimum required

Qualifying DTI below maximum allowed - Borrower's DTI 34.96 / Maximum 43

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

Originator Post-Close

2868047

XXXX

449706

XXXX

Closed

FCRE1510

2024-11-26 08:32

2024-12-19 09:25

Resolved

1 - Information

Credit

Closing

Issues exist on the Mortgage Document (Deed of Trust)

Resolved-There are no issues present on the Mortgage Document (Deed of Trust). The PPP language is contained in the Note, rider not required - Due Diligence Vendor-11/27/2024

Ready for Review-This is a Noni loan, therefore the pre-payment penalty rider is not required as the verbiage is already included on the note. - Seller-11/27/2024

Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing PPP Rider - Due Diligence Vendor-11/26/2024

Ready for Review-This is a Noni loan, therefore the pre-payment penalty rider is not required as the verbiage is already included on the note. - Seller-11/27/2024

Resolved-There are no issues present on the Mortgage Document (Deed of Trust). The PPP language is contained in the Note, rider not required - Due Diligence Vendor-11/27/2024

Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 802; minimum required 680.

Months Reserves exceed minimum required - 8.09 months PITIA reserves; 0 months reserves required.

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

2884348

XXXX

454504

XXXX

Closed

FCOM1978

2024-12-04 10:24

2024-12-09 07:17

Resolved

1 - Information

Compliance

TRID

Missing Intent to Proceed

Resolved-Rec'd ITP. - Due Diligence Vendor-12/09/2024

Ready for Review-Document Uploaded. Uploaded intent to proceed. - Seller-12/06/2024

Open-The intent to proceed is missing from file. - Due Diligence Vendor-12/04/2024

Ready for Review-Document Uploaded. Uploaded intent to proceed. - Seller-12/06/2024

Resolved-Rec'd ITP. - Due Diligence Vendor-12/09/2024

LTV is less than guideline maximum - Max LTV is 85%; qualifying LTV is 75%.

Months Reserves exceed minimum required - Months reserves required is 0; qualifying reserves is 20.95 months.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

2927422

XXXX

454505

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

XXXX

457826

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

XXXX

457828

XXXX

Closed

FCRE1506

2024-12-10 11:15

2025-02-20 11:58

Resolved

1 - Information

Credit

QM-ATR

Invalid Final QM Status - ATR/QM: Status Pending

Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Bank Statement provided. - Due Diligence Vendor-12/12/2024

Ready for Review-See uploaded september 2023 bank statement - Seller-12/11/2024

Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing September 2023 bank statement for income analysis. - Due Diligence Vendor-12/10/2024

Ready for Review-See uploaded september 2023 bank statement - Seller-12/11/2024

Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Bank Statement provided. - Due Diligence Vendor-12/12/2024

Qualifying DTI below maximum allowed - Qualifying DTI 2.135 is lower than guideline max of 50.

Months Reserves exceed minimum required - Guides require 12 months reserves and the borrower has 19.

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2971721

XXXX

457828

XXXX

Closed

FCRE7805

2024-12-09 17:06

2024-12-12 12:05

Resolved

1 - Information

Credit

Missing Doc

Missing Income - Bank Statements

Resolved-Bank Statement provided. - Due Diligence Vendor-12/12/2024

Ready for Review-Document Uploaded.  - Seller-12/11/2024

Counter-Sept 2024 provided.  Please provide Sept 2023. - Due Diligence Vendor-12/11/2024

Ready for Review-Document Uploaded.  - Seller-12/10/2024

Open-Missing September 2023 bank statement for income analysis.  - Due Diligence Vendor-12/09/2024

Ready for Review-Document Uploaded. - Seller-12/11/2024

Ready for Review-Document Uploaded. - Seller-12/10/2024

Resolved-Bank Statement provided. - Due Diligence Vendor-12/12/2024

Qualifying DTI below maximum allowed - Qualifying DTI 2.135 is lower than guideline max of 50.

Months Reserves exceed minimum required - Guides require 12 months reserves and the borrower has 19.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2966609

XXXX

458806

XXXX

Closed

FCRE1506

2024-12-11 16:29

2024-12-17 16:39

Resolved

1 - Information

Credit

QM-ATR

Invalid Final QM Status - ATR/QM: Status Pending

Resolved-After further review CPA letter states 15% expense factor- condition resolved. The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-02/20/2025

Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Clarification needed for income calculation. - Due Diligence Vendor-12/11/2024

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 742 is more than 20 points higher than the guideline minimum of 680.

Months Reserves exceed minimum required - Guides require 6 months reserves and the borrower has 8 months.

LTV is less than guideline maximum - Qualifying LTV 85 is lower than guideline max 90.

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2986894

XXXX

458806

XXXX

Closed

FCRE8611

2024-12-11 16:30

2024-12-17 12:17

Resolved

1 - Information

Credit

Income/Employment

Income/Employment General

Resolved-After further review CPA letter states 15% expense factor- condition resolved. - Due Diligence Vendor-12/17/2024

Counter-Personal Bank Statement worksheet with a 15% expense factor provided. Please provide documentation to support the 15% expense factor. - Due Diligence Vendor-12/13/2024

Ready for Review-Document Uploaded. Uploaded expensive factor. - Seller-12/12/2024

Open-Per tax preparer letter borrower files Schedule C and owns a landscaping business, however, does not provided clarification on expense factor; the borrower may have additional employees. Lender appears to have used 40% expense factor in income calculation, clarification needed. Additional audit review and additional findings may apply. - Due Diligence Vendor-12/11/2024

Ready for Review-Document Uploaded. Uploaded expensive factor. - Seller-12/12/2024

Resolved-After further review CPA letter states 15% expense factor- condition resolved. - Due Diligence Vendor-12/17/2024

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2986912

XXXX

458806

XXXX

Closed

FCOM1978

2024-12-10 11:17

2024-12-13 07:58

Resolved

1 - Information

Compliance

TRID

Missing Intent to Proceed

Resolved-Rec'd ITP. - Due Diligence Vendor-12/13/2024

Ready for Review-Document Uploaded. - Seller-12/12/2024

Open-Missing the borrower's intent to proceed. - Due Diligence Vendor-12/10/2024

Ready for Review-Document Uploaded. - Seller-12/12/2024

Resolved-Rec'd ITP. - Due Diligence Vendor-12/13/2024

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2971762

XXXX

458807

XXXX

Closed

FCOM1978

2024-12-09 15:47

2024-12-13 07:56

Resolved

1 - Information

Compliance

TRID

Missing Intent to Proceed

Resolved-Rec'd ITP. - Due Diligence Vendor-12/13/2024

Ready for Review-Document Uploaded. Uploaded Intent to proceed. - Seller-12/12/2024

Open------Missing Intent to Proceed - Due Diligence Vendor-12/09/2024

Ready for Review-Document Uploaded. Uploaded Intent to proceed. - Seller-12/12/2024

Resolved-Rec'd ITP. - Due Diligence Vendor-12/13/2024

Qualifying DTI below maximum allowed - 39.9% < 50%

Qualifying FICO score is at least 20 points above minimum for program - 762 vs. 700

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2965598

XXXX

458809

XXXX

Closed

FCRE1198

2024-12-10 11:39

2025-02-20 09:21

Resolved

1 - Information

Credit

Eligibility

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Resolved-Client emailed asking to change the guidelines/matrix review to XXXX - 6 months reserves required. Condition resolved - Due Diligence Vendor-12/12/2024
Open-Audited Reserves of 7.83 month(s) are less than Guideline Required Reserves of 12 month(s) - Due Diligence Vendor-12/10/2024

Resolved-Client emailed asking to change the guidelines/matrix review to XXXX - 6 months reserves required. Condition resolved - Due Diligence Vendor-12/12/2024

Qualifying DTI below maximum allowed - DTI 18.13%, max 43%

Qualifying FICO score is at least 20 points above minimum for program - qualifying score 785; min score 720

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

2972087

XXXX

459731

XXXX

Closed

FCRE1202

2024-12-12 09:30

2024-12-13 13:42

Resolved

1 - Information

Credit

Missing Doc

Third Party Fraud Report Partially Provided

Resolved-After further review, fraud reports provided do not see issues- condition resolved. - Due Diligence Vendor-12/13/2024

Ready for Review-Document Uploaded. Both complete Fraud Participants and FraudPlus reports were already included in credit file (see attached) - Seller-12/13/2024

Open-Third Party Fraud Report Partially Provided Missing full Third Party Fraud report. - Due Diligence Vendor-12/12/2024

Ready for Review-Document Uploaded. Both complete Fraud Participants and FraudPlus reports were already included in credit file (see attached) - Seller-12/13/2024

Resolved-After further review, fraud reports provided do not see issues- condition resolved. - Due Diligence Vendor-12/13/2024

Months Reserves exceed minimum required - 12 months reserves > 0 required.

Qualifying DTI below maximum allowed - 45.03% < 50% max

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

2990385

XXXX

459732

XXXX

Closed

FCRE1156

2024-12-11 15:33

2024-12-31 10:10

Resolved

1 - Information

Credit

Insurance

Named Insured on Hazard Insurance does not match Borrower(s) Name(s)

Resolved-Received new HOI policy - Due Diligence Vendor-12/31/2024

Ready for Review-Document Uploaded. - Seller-12/30/2024

Open-Named Insured does not match Borrower(s) Name(s) Insurance policy still lists the insured as the borrowers business, and the vesting is changing to him individually with this transaction. Did not locate any updated policy documents. - Due Diligence Vendor-12/11/2024

Ready for Review-Document Uploaded. - Seller-12/30/2024

Resolved-Received new HOI policy - Due Diligence Vendor-12/31/2024

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 741 is more than 20 points higher than the guideline minimum 680.

LTV is less than guideline maximum - Qualifying LTV 75 is lower than guideline max 80.

Qualifying DTI below maximum allowed - Qualifying DTI 27.13 is below the guideline max of 43.

Months Reserves exceed minimum required - Guides require 6 months reserves and the borrower has 36 months.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

2986129

XXXX

460697

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

XXXX

460698

XXXX

Closed

finding-3652

2024-12-10 16:41

2024-12-16 10:14

Resolved

1 - Information

Compliance

TRID

Lender Credits That Cannot Decrease Test

Resolved-Received disclosure tracking for CDs XXXX and XXXX. - Due Diligence Vendor-12/16/2024
Ready for Review-Document Uploaded. - Seller-12/12/2024
Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($170.74) does not exceed or equal the comparable sum of specific and non-specific lender credits ($218.00). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Lender credit decreased from $218 to $170.74. COC is in file however, CD XXXX and CD XXXX are missing the borrower's receipt. Provide disclosure tracking for CDs OR evidence of refund to borrower or principal reduction in the amount of $47.26, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-12/10/2024

Ready for Review-Document Uploaded. - Seller-12/12/2024

Resolved-Received disclosure tracking for CDs XXXX and XXXX. - Due Diligence Vendor-12/16/2024

LTV is less than guideline maximum - Qualifying LTV 75 is lower than guideline max 80.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 722 is more than 20 points higher than the guideline minimum of 660.

Months Reserves exceed minimum required - Guides require 0 months reserves and borrower has 27.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

2976677

XXXX

460698

XXXX

Closed

finding-3542

2024-12-10 16:41

2024-12-16 10:11

Resolved

1 - Information

Compliance

TRID

Revised Closing Disclosure Delivery Date Test (Waiting Period Required) Test

Resolved-Received disclosure tracking for CDs XXXX and XXXX. - Due Diligence Vendor-12/16/2024
Ready for Review-See uploaded POD for CD dated XXXX & XXXX - Seller-12/12/2024
Open-This loan failed the revised closing disclosure delivery date test (waiting period required).( 12 CFR §1026.19(f)(2)(ii) )The revised closing disclosure delivery requires a new waiting period andThe revised closing disclosure delivery date is provided and the revised closing disclosure method of delivery is marked as either:"XXXX" or "Electronic Delivery" or blank, and the revised closing disclosure delivery date is less than six business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised closing disclosure receipt date is provided and the revised closing disclosure receipt date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation requiring a new waiting period. If one of the following disclosures provided under §1026.19(f)(1)(i) becomes inaccurate in the following manner before consummation, the creditor shall ensure that the consumer receives corrected disclosures containing all changed terms in accordance with the requirements of §1026.19(f)(1)(ii)(A):(A) The annual percentage rate disclosed under §1026.38(o)(4) becomes inaccurate, as defined in §1026.22.(B) The loan product is changed, causing the information disclosed under §1026.38(a)(5)(iii) to become inaccurate.(C) A prepayment penalty is added, causing the statement regarding a prepayment penalty required under §1026.38(b) to become inaccurate.The creditor shall ensure that the consumer receives the disclosures required under §1026.19(f)(1)(i) no later than three business days before consummation. -----CD XXXX and XXXX are not signed and there is no documentation in file to determine when the borrower received them. - Due Diligence Vendor-12/10/2024

Ready for Review-See uploaded POD for CD dated XXXX & XXXX - Seller-12/12/2024

Resolved-Received disclosure tracking for CDs XXXX and XXXX. - Due Diligence Vendor-12/16/2024

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

2976678

XXXX

460698

XXXX

Closed

finding-3634

2024-12-10 16:41

2024-12-16 10:11

Resolved

1 - Information

Compliance

TRID

Charges That Cannot Increase Test

Resolved-Received disclosure tracking for CDs XXXX and XXXX. - Due Diligence Vendor-12/16/2024
Ready for Review-See uploaded proof of delivery for CD dated XXXX - Seller-12/12/2024
Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $2,372.74.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Zero (0%) tolerance fees increased by $2,372.74 (Loan Amount Points) on CD 11/22/2024. The COC is in file for this CD however, the CD is not signed and there is no evidence to determine when the borrower received it. Provide a signed CD or disclosure tracking for CD XXXX OR evidence of refund to borrower or principal reduction in the amount of $2,372.74, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-12/10/2024

Ready for Review-See uploaded proof of delivery for CD dated XXXX - Seller-12/12/2024

Resolved-Received disclosure tracking for CDs XXXX and XXXX. - Due Diligence Vendor-12/16/2024

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

2976679

XXXX

466810

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

466811

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

XXXX

466812

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

XXXX

467849

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

XXXX

470340

XXXX

Closed

finding-956

2024-12-16 16:53

2024-12-19 09:08

Resolved

1 - Information

Compliance

Points & Fees

SC HCCHLA High Cost Home Loan DTI Presumption Test

Resolved-Upon further review, no further documentation is needed or required. - Due Diligence Vendor-12/19/2024

Open-This loan failed the high-cost home loan DTI presumption test due to one of the following findings:
(SC SB 438, §37-23-40(2))

The debt-to-income (DTI) ratio of the borrower exceeds 50%; or
The DTI ratio of the borrower was not provided.

The DTI ratio is one of several factors that should be considered when making any high cost home loan.

PLEASE NOTE: This result is not a determination that the lender reasonably believes at the time the loan is made that the borrower will be able to make the scheduled payments associated with the high cost home loan.

The lender of a high-cost home loan may not make a high-cost home loan unless the lender reasonably believes at the time the loan is consummated that one or more of the obligors is able to make the scheduled payments to repay the obligation. An obligor is presumed to be able to make the scheduled payments to repay the obligation if, at the time the loan is consummated, the obligor's total monthly debts, including amounts owed pursuant to the loan, do not exceed 50% of the obligor's monthly gross income.

See High Cost Home Loan Additional Documentation and Disclosure Requirements Legislative Summary Alert (below) for full repayment ability requirements. - Due Diligence Vendor-12/16/2024

Resolved-Upon further review, no further documentation is needed or required. - Due Diligence Vendor-12/19/2024

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 732 is more than 20 points higher than the guideline minimum 680.

Qualifying DTI below maximum allowed - Qualifying DTI 41.87%

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

3017507

XXXX

470340

XXXX

Closed

finding-952

2024-12-16 16:53

2024-12-19 09:08

Resolved

1 - Information

Compliance

Points & Fees

SC HCCHLA High Cost Home Loan Points and Fees Threshold Test

Resolved-Upon further review, no further documentation is needed or required. - Due Diligence Vendor-12/19/2024
Open-This loan failed the high-cost home loan points and fees threshold test due to one or more of the following findings: (SC SB 438, §37-23-20(15)(B))The total points and fees of this loan, which are $15,096.11, exceed one of the following thresholds based on the total loan amount, which is XXXX:Either the total points and fees exceed 5% of the total loan amount if the total loan amount is $20,000 or more; or The total points and fees exceed the lesser of 8% of the total loan amount or $1000 if the total loan amount is less than $20,000. The loan fees amount of $15,096.11 exceed the allowable amount of $14,667.82 by $428.29. Loan is High-Cost and the overage is not curable. - Due Diligence Vendor-12/16/2024

Resolved-Upon further review, no further documentation is needed or required. - Due Diligence Vendor-12/19/2024

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

3017506

XXXX

470341

XXXX

Closed

finding-3652

2024-12-16 15:37

2024-12-26 08:49

Resolved

1 - Information

Compliance

TRID

Lender Credits That Cannot Decrease Test

Resolved-Rec'd PCCD. - Due Diligence Vendor-12/26/2024
Ready for Review-Document Uploaded. Uploaded PCCD and LOE. - Seller-12/23/2024
Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($74.46) does not exceed or equal the comparable sum of specific and non-specific lender credits ($158.46). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Lender credit decreased from $84.00 to $0.00 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $84.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Statute of Limitations 3 years- Expiration date is XXXX
- Due Diligence Vendor-12/16/2024

Ready for Review-Document Uploaded. Uploaded PCCD and LOE. - Seller-12/23/2024

Resolved-Rec'd PCCD. - Due Diligence Vendor-12/26/2024

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 759 is more than 20 points higher than the guideline minimum of 720.

Qualifying DTI below maximum allowed - Qualifying DTI of 8.664 is lower than the guideline max of 50.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3016724

XXXX

470342

XXXX

Closed

FCRE5790

2024-12-18 13:29

2024-12-24 11:53

Resolved

1 - Information

Credit

Closing

Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date)

Resolved-Received Gap Report. - Due Diligence Vendor-12/24/2024

Ready for Review-Document Uploaded. Uploaded updated UDN. - Seller-12/23/2024

Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). - Due Diligence Vendor-12/18/2024

Ready for Review-Document Uploaded. Uploaded updated UDN. - Seller-12/23/2024

Resolved-Received Gap Report. - Due Diligence Vendor-12/24/2024

LTV is less than guideline maximum - Qualifying LTV 75 is lower than guideline max 85.

Qualifying DTI below maximum allowed - Qualifying DTI 32.6 is lower than the guideline max 45.

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 685 is more than 20 points higher than the guideline minimum 620.

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Purchase

N/A

3035048

XXXX

470343

XXXX

Closed

FCRE1506

2024-12-18 16:58

2024-12-23 13:43

Resolved

1 - Information

Credit

QM-ATR

Invalid Final QM Status - ATR/QM: Status Pending

Resolved-Upon further review - Loan file contained documentation to support 3 consumer accounts paid by business. - Due Diligence Vendor-02/20/2025

Ready for Review-All documentation/explanation provided on other 2 associated conditions. - Seller-12/19/2024

Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. DTI exceeds guideline limits - Due Diligence Vendor-12/18/2024

Ready for Review-All documentation/explanation provided on other 2 associated conditions. - Seller-12/19/2024

Resolved-Upon further review - Loan file contained documentation to support 3 consumer accounts paid by business. - Due Diligence Vendor-02/20/2025

Qualifying DTI below maximum allowed - Updated 34.29% DTI is below max of 50%

Verified employment history exceeds guidelines - 10+ years owned same business.

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

3038450

XXXX

470343

XXXX

Closed

FCRE7497

2024-12-18 15:29

2024-12-23 13:41

Resolved

1 - Information

Credit

Missing Doc

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Resolved-Received Mortgage State and HOA verification. - Due Diligence Vendor-12/23/2024
Ready for Review-Document Uploaded. 12/19 AS: Uploaded mortgage statement showing taxes & HOI are escrowed for departing primary. Also uploaded documentation for HOA monthly amount and it has been added to liabilities. DTI is 44.212% - Borrower's company pays 3 of the borrower's debts. Also re-uploaded 12 months business bank statements for verification. - Seller-12/19/2024
Open-Missing breakdown of taxes, insurance and HOA (property is a condo) for property 3a. Audit used XXXX amount from credit report and initial review; HOA will need to be added to REO cash flow once received along with any other additional tax and insurance if not escrowed. - Due Diligence Vendor-12/18/2024

Ready for Review-Document Uploaded. 12/19 AS: Uploaded mortgage statement showing taxes & HOI are escrowed for departing primary. Also uploaded documentation for HOA monthly amount and it has been added to liabilities. DTI is 44.212% - Borrower's company pays 3 of the borrower's debts. Also re-uploaded 12 months business bank statements for verification. - Seller-12/19/2024

Resolved-Received Mortgage State and HOA verification. - Due Diligence Vendor-12/23/2024

Qualifying DTI below maximum allowed - Updated 34.29% DTI is below max of 50%

Verified employment history exceeds guidelines - 10+ years owned same business.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

3037081

XXXX

470343

XXXX

Closed

FCRE1193

2024-12-18 15:40

2024-12-23 13:40

Resolved

1 - Information

Credit

Eligibility

Audited DTI Exceeds Guideline DTI

Resolved-Documentation located in file to verify the business pays for the car payments and credit union. - Due Diligence Vendor-12/23/2024

Ready for Review-Document Uploaded. 12/19 AS: Uploaded Final 1003 & revised 1008. Debt matches. Final 1003 shows mortgage debt in section 3a. - Seller-12/19/2024

Open-Audited DTI of 61.1% exceeds Guideline DTI of 50% Per audit income and liability calculations which are line with lender 1003. Lender approval showing total debt does not line up with final 1003. - Due Diligence Vendor-12/18/2024

Ready for Review-Document Uploaded. 12/19 AS: Uploaded Final 1003 & revised 1008. Debt matches. Final 1003 shows mortgage debt in section 3a. - Seller-12/19/2024

Resolved-Documentation located in file to verify the business pays for the car payments and credit union. - Due Diligence Vendor-12/23/2024

Qualifying DTI below maximum allowed - Updated 34.29% DTI is below max of 50%

Verified employment history exceeds guidelines - 10+ years owned same business.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

3037312

XXXX

471185

XXXX

Closed

FCRE5774

2024-12-20 10:31

2024-12-30 11:08

Resolved

1 - Information

Credit

Borrower

Borrower 1 Credit Report is Incomplete

Resolved-Received corrected Credit Report and UDM with correct SSN - Due Diligence Vendor-12/30/2024

Ready for Review-Document Uploaded.  - Seller-12/27/2024

Counter-Credit report with the correct SSN was located in the file, however the UDM used the incorrect SSN.  Please provide a corrected UDM - Due Diligence Vendor-12/24/2024

Ready for Review-Document Uploaded.  - Seller-12/23/2024

Open-Borrower 1 Credit Report is Partially Present. The credit report reflects it was ran with the borrower's incorrect social security number per the social security verification form. - Due Diligence Vendor-12/20/2024

Ready for Review-Document Uploaded. - Seller-12/27/2024

Ready for Review-Document Uploaded. - Seller-12/23/2024

Resolved-Received corrected Credit Report and UDM with correct SSN - Due Diligence Vendor-12/30/2024

Qualifying FICO score is at least 20 points above minimum for program - 756 FICO with 680 min

Months Reserves exceed minimum required - 44.72 months reserves with 6 months min

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

3054212

XXXX

471185

XXXX

Closed

FCRE1202

2024-12-20 10:38

2024-12-24 11:38

Resolved

1 - Information

Credit

Missing Doc

Third Party Fraud Report Partially Provided

Resolved-Received XXXX with the correct SSN. - Due Diligence Vendor-12/24/2024
Ready for Review-Document Uploaded. - Seller-12/23/2024
Open-Third Party Fraud Report Partially Provided The Third Party Fraud Report was ran with the borrower's incorrect social security number per the social security verification form. - Due Diligence Vendor-12/20/2024

Ready for Review-Document Uploaded. - Seller-12/23/2024

Resolved-Received Xactus with the correct SSN. - Due Diligence Vendor-12/24/2024

Qualifying FICO score is at least 20 points above minimum for program - 756 FICO with 680 min

Months Reserves exceed minimum required - 44.72 months reserves with 6 months min

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

3054335

XXXX

471186

XXXX

Closed

FCRE1495

2024-12-20 15:01

2025-02-20 15:39

Resolved

1 - Information

Credit

QM-ATR

ATR: Current Employment Not Verified

Resolved-ATR:  Current Employment Was Verified - Due Diligence Vendor-02/20/2025

Resolved-Borrower 1 income not being considered- per client email.  Condition resolved - Due Diligence Vendor-12/23/2024

Ready for Review-Please clear, main borrower Pinchas income not being used, VOE is not required. VOE already provided for co-borrower Barry - Seller-12/23/2024

Open-ATR:  Current Employment Not Verified Borrower's employment was not verified with a VVOE.  A verbal VOE dated no more than 10 calendar days prior to Note date - Due Diligence Vendor-12/20/2024

Ready for Review-Please clear, main borrower XXXX income not being used, VOE is not required. VOE already provided for co-borrower XXXX - Seller-12/23/2024

Qualifying DTI below maximum allowed - 35.28% DTI with 43% max

Months Reserves exceed minimum required - 320.31 months reserves with 6 months min

Qualifying FICO score is at least 20 points above minimum for program - 744 FICO with 700 min

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3058561

XXXX

471186

XXXX

Closed

FCOM5135

2024-12-17 16:20

2024-12-23 16:36

Resolved

1 - Information

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Resolved-After further review, XXXX is the UW- condition resolved. - Due Diligence Vendor-12/23/2024
Open-Required Affiliated Business Disclosure Missing Missing Affiliated Business Disclosure and Title Fees appear in Section B. - Due Diligence Vendor-12/18/2024

Resolved-After further review, XXXX is the UW- condition resolved. - Due Diligence Vendor-12/23/2024

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3027138

XXXX

471186

XXXX

Closed

FCRE1316

2024-12-20 14:10

2024-12-23 13:50

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 3rd Party VOE Prior to Close Missing

Resolved-Bw 1 income is not being used- updated system to reflect - Due Diligence Vendor-12/23/2024
Ready for Review-Please clear, main borrower XXXX income not being used, VOE is not required. VOE already provided for co-borrower XXXX - Seller-12/23/2024
Open-Borrower 1 3rd Party VOE Prior to Close Missing Missing a 3rd party VOE for the borrower. Per guidelines for wage earners - A verbal VOE dated no more than 10 calendar days prior to Note date. - Due Diligence Vendor-12/20/2024

Ready for Review-Please clear, main borrower XXXX income not being used, VOE is not required. VOE already provided for co-borrower XXXX - Seller-12/23/2024

Resolved-Bw 1 income is not being used- updated system to reflect - Due Diligence Vendor-12/23/2024

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3057827

XXXX

472551

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

XXXX

472552

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

XXXX

473964

XXXX

Closed

FCRE3464

2024-12-23 12:03

2024-12-26 12:44

Resolved

1 - Information

Credit

Missing Doc

Missing Closing/Final Verbal VOE

Resolved-CPA letter is dated XXXX, note date is XXXX, allowed per guidelines this is acceptable, 30 days is not applicable- condition resolved. - Due Diligence Vendor-02/20/2025
Open-CPA letter (verification of self-employment) dated past 30 days of Note date - Due Diligence Vendor-12/23/2024

Resolved-CPA letter is dated 10/11/2024, note date is XXXX, allowed per guidelines this is acceptable, 30 days is not applicable- condition resolved. - Due Diligence Vendor-02/20/2025

LTV is less than guideline maximum - 53.85% LTV ratio with 75% max

Months Reserves exceed minimum required - 16.56 months reserves with 6 months min

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3068531

XXXX

475766

XXXX

Closed

finding-3635

2024-12-23 12:52

2024-12-31 10:18

Resolved

1 - Information

Compliance

TRID

Charges That In Total Cannot Increase More Than 10% Test

Resolved-Rec'd COC. - Due Diligence Vendor-12/31/2024

Ready for Review-Document Uploaded. Subbd COC. - Seller-12/30/2024

Open-This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($1,534.64) exceed the comparable charges ($1,263.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). -----Ten (10%) tolerance fees (Title Endorsement Fee) increased by $145.34 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $145.34, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date.

Statute of Limitations is 3 years. Expiration date 12/18/2027 - Due Diligence Vendor-12/23/2024

Ready for Review-Document Uploaded. Subbd COC. - Seller-12/30/2024

Resolved-Rec'd COC. - Due Diligence Vendor-12/31/2024

Qualifying FICO score is at least 20 points above minimum for program - 737 Qualifying FICO score is at least 20 points above minimum for program of 680

Months Reserves exceed minimum required - 37.21 Months Reserves exceed minimum required of 6 months

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

3069321

XXXX

475766

XXXX

Closed

FCRE8611

2024-12-23 15:31

2024-12-24 11:35

Resolved

1 - Information

Credit

Income/Employment

Income/Employment General

Resolved-After further review, rental information was provided- condition resolved. - Due Diligence Vendor-12/24/2024

Ready for Review-Document Uploaded. Uploaded rental information. - Seller-12/24/2024

Open-Income/Employment General. Missing proof of rental income as required by guidelines.(3c) - Due Diligence Vendor-12/23/2024

Ready for Review-Document Uploaded. Uploaded rental information. - Seller-12/24/2024

Resolved-After further review, rental information was provided- condition resolved. - Due Diligence Vendor-12/24/2024

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

3071366

XXXX

475770

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

476969

XXXX

Closed

finding-3635

2024-12-23 14:44

2025-01-02 10:09

Resolved

1 - Information

Compliance

TRID

Charges That In Total Cannot Increase More Than 10% Test

Resolved-Rec'd COC - Due Diligence Vendor-01/02/2025
Ready for Review-Document Uploaded. Uploaded COC. - Seller-12/31/2024
Open-This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($10,996.10) exceed the comparable charges ($320.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). -----Ten (10%) tolerance fees (Recording Fee) increased by $10,644.10 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $10,644.10, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date.
Statute of Limitations 3 years. Expiration Date XXXX - Due Diligence Vendor-12/23/2024

Ready for Review-Document Uploaded. Uploaded COC. - Seller-12/31/2024

Resolved-Rec'd COC - Due Diligence Vendor-01/02/2025

Qualifying DTI below maximum allowed - 40% vs. 50% max allowed

LTV is less than guideline maximum - 56% vs. 80% max

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3070802

XXXX

476969

XXXX

Closed

FCRE7009

2024-12-27 08:57

2024-12-30 09:58

Resolved

1 - Information

Credit

Insurance

Hazard insurance dwelling coverage is not sufficient

Resolved-After further review, Hazard checklist provided showing replacement cost of subject is sufficient- condition resolved. - Due Diligence Vendor-12/30/2024

Open-Insufficient Coverage Amount for Insured Subject Property. The hazard insurance coverage should be equal to the lesser of:
• Replacement Cost Estimator
• Provided from the property insurer, or
• Provided from a 3rd party source (i.e., CoreLogic)
• Estimated cost to replace the dwelling from a recent appraisal, if provided
• The unpaid principal balance of the mortgage(s)
- Due Diligence Vendor-12/27/2024

Resolved-After further review, Hazard checklist provided showing replacement cost of subject is sufficient- condition resolved. - Due Diligence Vendor-12/30/2024

Qualifying DTI below maximum allowed - 40% vs. 50% max allowed

LTV is less than guideline maximum - 56% vs. 80% max

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3091405

XXXX

476971

XXXX

Closed

FCRE4989

2024-12-26 17:05

2024-12-30 11:14

Resolved

1 - Information

Credit

Closing

Collections, liens or judgments not paid at closing

Resolved-Received PCCD reflecting the payoff of the collection. - Due Diligence Vendor-12/30/2024

Ready for Review-Document Uploaded. - Seller-12/26/2024

Open-Non medical collection for $300 not listed on CD as paid at closing. Account was disputed and credit was not repulled. - Due Diligence Vendor-12/26/2024

Ready for Review-Document Uploaded. - Seller-12/26/2024

Resolved-Received PCCD reflecting the payoff of the collection. - Due Diligence Vendor-12/30/2024

Months Reserves exceed minimum required - Guides require 6 months reserves and the borrower has 15 months.

LTV is less than guideline maximum - Qualifying LTV 80 is less than guideline max of 85.

Qualifying DTI below maximum allowed - Qualifying DTI 15.655 is lower than guideline max of 43%.

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

3088701

XXXX

479591

XXXX

Closed

FCRE0082

2024-12-30 13:27

2025-01-02 10:19

Waived

2 - Non-Material

Credit

Title

Vested Owner Signature Requirement Not met

Waived-Originator provided a waiver for vesting, applied to non material finding with comp factors - Due Diligence Vendor-01/02/2025

Ready for Review-Document Uploaded. exception approval uploaded - Seller-12/31/2024

Open-Vested Owner Signature Requirement Not met. Vesting in corporation not allowed on primary home. - Due Diligence Vendor-12/30/2024

Ready for Review-Document Uploaded. exception approval uploaded - Seller-12/31/2024

Waived-Originator provided a waiver for vesting, applied to non material finding with comp factors - Due Diligence Vendor-01/02/2025

Qualifying DTI below maximum allowed - 21% vs. 50% max allowable

Months Reserves exceed minimum required - 102 months vs. 6 required

Compensating factors used are minimal consumer debt and long term self-employment.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

Originator Post-Close

3104603

XXXX

479591

XXXX

Closed

finding-3634

2024-12-26 15:56

2025-01-02 10:07

Resolved

1 - Information

Compliance

TRID

Charges That Cannot Increase Test

Resolved-Rec'd COC. - Due Diligence Vendor-01/02/2025
Ready for Review-Document Uploaded. XXXX COC uploaded - Seller-12/31/2024
Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $3,100.06.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Zero (0%) tolerance fees increased by $3099.86 Mortgage Broker Fee without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $3099.86, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. SOL - 3 years XXXX
- Due Diligence Vendor-12/26/2024

Ready for Review-Document Uploaded. XXXX COC uploaded - Seller-12/31/2024

Resolved-Rec'd COC. - Due Diligence Vendor-01/02/2025

Qualifying DTI below maximum allowed - 21% vs. 50% max allowable

Months Reserves exceed minimum required - 102 months vs. 6 required

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3087963

XXXX

479591

XXXX

Closed

FCOM5135

2024-12-26 15:07

2024-12-31 11:49

Resolved

1 - Information

Compliance

Missing Doc

Missing Required Affiliated Business Disclosure

Resolved-Client provided the affiliate disclosure- Client does not have affiliates- condition resolved. - Due Diligence Vendor-12/31/2024

Ready for Review-Document Uploaded. please advise as to where your team may be seeing affiliated fees? As the lender, we don’t have affiliate fees. - Seller-12/31/2024

Open-Required Affiliated Business Disclosure Missing -----Missing Required Affiliated Business Disclosure. - Due Diligence Vendor-12/28/2024

Ready for Review-Document Uploaded. please advise as to where your team may be seeing affiliated fees? As the lender, we don’t have affiliate fees. - Seller-12/31/2024

Resolved-Client provided the affiliate disclosure- Client does not have affiliates- condition resolved. - Due Diligence Vendor-12/31/2024

Qualifying DTI below maximum allowed - 21% vs. 50% max allowable

Months Reserves exceed minimum required - 102 months vs. 6 required

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

3087314