EX-99.6 30 ex99-6s4.htm SCHEDULE 4 - STANDARD FINDINGS REPORT
 

MORGAN STANLEY CAPITAL I INC. ABS-15G

Exhibit 99.6 - Schedule 4

 

Seller Loan ID Seller Loan ID Investor Loan ID Queue Created Date Last Modified Date Finding Status Event Level Initial Finding Grade Current/Final Finding Grade Finding Category Finding Sub Category Finding Name Reviewer Comments Seller Comments Finding Resolution Finding Document Reviewer Comp Factors Originator Comp Factors State Occupancy Loan Purpose Refinance Purpose Unique Finding ID Acknowledged / Waived By Waiver in File?
XXXX 6883141     Closed 2023-08-29 06:13 2023-09-05 18:45 Resolved 1 - Information D A Compliance Missing Doc The Final 1003 is Incomplete Resolved-The Final 1003 is Present - Due Diligence Vendor-09/05/2023

Ready for Review-Document Uploaded.  - Seller-09/01/2023

Open-The Final 1003 is Incomplete Please provide updated 1003 as Years in Industry is less than years in Job of B1 - Due Diligence Vendor-08/29/2023		 Ready for Review-Document Uploaded.  - Seller-09/01/2023

 Resolved-The Final 1003 is Present - Due Diligence Vendor-09/05/2023

 XXXX XXXX XXXX.pdf     FL Primary Residence Purchase NA 1131871 N/A N/A
XXXX 6883197     Closed 2023-09-19 06:07 2023-10-06 14:17 Resolved 1 - Information D A Compliance Missing Doc TRID: Missing Closing Disclosure Resolved-Document received and reviewed. TRID documents verified and PCCD XXXX run with Elevated status - Due Diligence Vendor-10/06/2023
Ready for Review-Document Uploaded. Please find the Final PCCD with the Principal Reduction applied correctly and all of the supporting documents. - Seller-10/05/2023
Counter-On the uploaded settlement statment this fee is still being paid to XXXX and is under charges? - we need the PCCD corrected -- as stated prior - per XXXX - Principal reductions that occur immediately or very soon after closing must be disclosed in the Summaries of Transactions table or in the Payoffs and Payments table, as applicable. The disclosure must include the following elements: (1) the amount of the principal reduction; (2) the phrase “principal reduction” or a similar phrase; (3) if disclosed in the Payoffs and Payments table, the name of the payee; (4) if the principal reduction is not paid from closing funds, the phrase “Paid Outside Closing” or “P.O.C.” and the name of the party making the payment; and (5) if applicable, a statement that the principal reduction is being provided to offset charges that exceed the legal limits (using any language that satisfies the clear and conspicuous standard). If a principal reduction is not paid from closing funds, it is not included when computing the total for the Summaries of Transactions table or when calculating total Payoffs and Payments or Cash to Close. (Comment 38-4) For additional guidance on disclosing principal reductions, see Comment 38-4. - Due Diligence Vendor-10/05/2023
Ready for Review-Document Uploaded.  - Seller-10/04/2023
Ready for Review-Document Uploaded. Principal reductions go in the 1300 section. I have sent screenshots to you of the 2015 itemization and where they carry over on the CD. section 1300 is section H. If it is not applied as a charge, the borrower would realize that money back at closing. Therefore, it's applied as a charge from XXXX, but applied to their principal balance.  - Seller-09/29/2023
Counter-Please provide clarification on the PCCD provided. Principal reduction has been included as a fee in section H charged to the borrower. - Due Diligence Vendor-09/29/2023
Ready for Review-Document Uploaded.  - Seller-09/27/2023
Open-TRID: Missing Final Closing Disclosure Request to provide Final Closing Disclosure which is missing in file. - Due Diligence Vendor-09/19/2023		 Counter-Per XXXX - Principal reductions that occur immediately or very soon after closing must be
disclosed in the Summaries of Transactions table or in the Payoffs and Payments
table, as applicable. The disclosure must include the following elements: (1) the
amount of the principal reduction; (2) the phrase “principal reduction” or a similar
phrase; (3) if disclosed in the Payoffs and Payments table, the name of the payee;
(4) if the principal reduction is not paid from closing funds, the phrase “Paid Outside
Closing” or “P.O.C.” and the name of the party making the payment; and (5) if
applicable, a statement that the principal reduction is being provided to offset
charges that exceed the legal limits (using any language that satisfies the clear and
conspicuous standard). If a principal reduction is not paid from closing funds, it is
not included when computing the total for the Summaries of Transactions table or
when calculating total Payoffs and Payments or Cash to Close. (Comment 38-4)
For additional guidance on disclosing principal reductions, see Comment 38-4. - Due Diligence Vendor-10/03/2023
 
Ready for Review-Document Uploaded. Please find the Final PCCD with the Principal Reduction applied correctly and all of the supporting documents. - Seller-10/05/2023
 Ready for Review-Document Uploaded.  - Seller-10/04/2023
 Ready for Review-Document Uploaded. Principal reductions go in the 1300 section. I have sent screenshots to you of the 2015 itemization and where they carry over on the CD. section 1300 is section H. If it is not applied as a charge, the borrower would realize that money back at closing. Therefore, it's applied as a charge from XXXX, but applied to their principal balance.  - Seller-09/29/2023
 Ready for Review-Document Uploaded.  - Seller-09/27/2023
 Resolved-Document received and reviewed. TRID documents verified and PCCD XXXX run with Elevated status - Due Diligence Vendor-10/06/2023
 XXXX Final PCCD.pdf     CA Primary Residence Refinance No Cash Out - Borrower Initiated 1163006 N/A N/A
XXXX 6883197     Closed 2023-09-19 04:49 2023-10-02 15:27 Resolved 1 - Information D A Compliance Missing Doc The Note is Missing Resolved-The Note is Present - Due Diligence Vendor-09/29/2023

Ready for Review-Document Uploaded.  - Seller-09/27/2023

Open-The Note is Missing Request to provide Note document which is missing in file. - Due Diligence Vendor-09/19/2023		 Ready for Review-Document Uploaded.  - Seller-09/27/2023

 Resolved-The Note is Present - Due Diligence Vendor-09/29/2023

 Note XXXX.pdf     CA Primary Residence Refinance No Cash Out - Borrower Initiated 1162936 N/A N/A
XXXX 6883197     Closed 2023-09-19 07:03 2023-09-29 22:08 Resolved 1 - Information D A Compliance Missing Doc Missing Right of Rescission Resolved-ROR form received and updated to disclosure page, resolved.  - Due Diligence Vendor-09/29/2023

Ready for Review-Document Uploaded.  - Seller-09/27/2023

Open-Right of Rescission is Missing Request to provide Right to Cancel doc which is missing in file as the transaction is Refinance for Primary residence.  - Due Diligence Vendor-09/19/2023		 Ready for Review-Document Uploaded.  - Seller-09/27/2023

 Resolved-ROR form received and updated to disclosure page, resolved.  - Due Diligence Vendor-09/29/2023

 XXXX RTR.pdf     CA Primary Residence Refinance No Cash Out - Borrower Initiated 1163065 N/A N/A
XXXX 6883197     Closed 2023-09-19 06:21 2023-09-29 22:07 Resolved 1 - Information D A Compliance Missing Doc Consumer Caution and Home Owner Counseling Notice is Missing Resolved-Consumer Caution and Home Owner Counseling Notice is Present or Not Applicable - Due Diligence Vendor-09/29/2023

Ready for Review-Document Uploaded.  - Seller-09/27/2023

Open-Consumer Caution and Home Owner Counseling Notice is Missing Request to provide Consumer Caution (Toolkit) which is missing in file. - Due Diligence Vendor-09/19/2023		 Ready for Review-Document Uploaded.  - Seller-09/27/2023

 Resolved-Consumer Caution and Home Owner Counseling Notice is Present or Not Applicable - Due Diligence Vendor-09/29/2023

 home owner counseling XXXX.pdf     CA Primary Residence Refinance No Cash Out - Borrower Initiated 1163017 N/A N/A
XXXX 6883197     Closed 2023-09-19 04:31 2023-09-29 15:51 Resolved 1 - Information D A Compliance Missing Doc The Final 1003 is Missing Resolved-The Final 1003 is Present - Due Diligence Vendor-09/29/2023

Ready for Review-Document Uploaded.  - Seller-09/27/2023

Open-The Final 1003 is Missing Request to provide Final 1003 which is missing in file. - Due Diligence Vendor-09/19/2023		 Ready for Review-Document Uploaded.  - Seller-09/27/2023

 Resolved-The Final 1003 is Present - Due Diligence Vendor-09/29/2023

 LO signed 1003 XXXX.pdf
1003 XXXX.pdf		     CA Primary Residence Refinance No Cash Out - Borrower Initiated 1162925 N/A N/A
XXXX 6883197     Closed 2023-09-19 04:50 2023-09-29 15:33 Resolved 1 - Information D A Compliance Missing Doc The Deed of Trust is Missing Resolved-The Deed of Trust is Present - Due Diligence Vendor-09/29/2023

Ready for Review-Document Uploaded.  - Seller-09/27/2023

Open-The Deed of Trust is Missing Request to provide Deed of Trust which is Missing in file. - Due Diligence Vendor-09/19/2023		 Ready for Review-Document Uploaded.  - Seller-09/27/2023

 Resolved-The Deed of Trust is Present - Due Diligence Vendor-09/29/2023

 DOT XXXX.pdf     CA Primary Residence Refinance No Cash Out - Borrower Initiated 1162938 N/A N/A
XXXX 6883197     Closed 2023-09-19 06:59 2023-09-28 04:34 Resolved 1 - Information C A Credit Doc Issue Initial Escrow Acct Disclosure missing; loan has escrows Resolved-Initial Escrow Acct disclosure for subject property uploaded, verified & entered in system - Resolved. - Due Diligence Vendor-09/28/2023

Ready for Review-Document Uploaded.  - Seller-09/27/2023

Open-Request to provide Initial Escrow Acct disclosure document which is missing in file. - Due Diligence Vendor-09/19/2023		 Ready for Review-Document Uploaded.  - Seller-09/27/2023

 Resolved-Initial Escrow Acct disclosure for subject property uploaded, verified & entered in system - Resolved. - Due Diligence Vendor-09/28/2023

 XXXX escrow.pdf     CA Primary Residence Refinance No Cash Out - Borrower Initiated 1163062 N/A N/A
XXXX 6883073     Closed 2023-09-21 10:55 2023-09-25 12:49 Resolved 1 - Information D A Credit Missing Doc Missing VOM or VOR Resolved-Borrower just sold departure residence at XXXX XXXX XXXX XXXX on XXXX. Final settlement statement provided. Mortgage on departure residence reported to credit up to date of sale with no late - XXXX XXXX XXXX #XXXX. Credit report & final settlement statement uploaded to validate the same. Final 1003 was incorrectly marked as current residence rented when owned (Updated 1003 uploaded). No VOR is applicable in this case - Resolved. - Due Diligence Vendor-09/25/2023
Ready for Review-Document Uploaded. Borrower just sold departure residence at XXXX XXXX XXXX XXXX on XXXX Final settlement statement provided. Mortgage on departure residence reported to credit up to date of sale with no lates - XXXX XXXX XXXX #XXXX. Per guidelines, no gap housing history is required for borrowers who sold current residence within 6 months and are buying a new primary residence. Please see attached credit report & final settlement statement. 1003 was incorrectly marked as current residence rented when owned. Also provided property profile to confirm ownership & corrected page 1 of the 1003. No VOR is applicable in this case. - Seller-09/22/2023
Open-Required borrower current residence rent payment history or VOR. - Due Diligence Vendor-09/21/2023		 Ready for Review-Document Uploaded. Borrower just sold departure residence at XXXX XXXX XXXX XXXX on XXXX Final settlement statement provided. Mortgage on departure residence reported to credit up to date of sale with no lates - XXXX XXXX XXXX #XXXX. Per guidelines, no gap housing history is required for borrowers who sold current residence within 6 months and are buying a new primary residence. Please see attached credit report & final settlement statement. 1003 was incorrectly marked as current residence rented when owned. Also provided property profile to confirm ownership & corrected page 1 of the 1003. No VOR is applicable in this case - Seller-09/22/2023
 Resolved-Borrower just sold departure residence at XXXX XXXX XXXX XXXX on XXXX. Final settlement statement provided. Mortgage on departure residence reported to credit up to date of sale with no late - XXXX XXXX XXXX #XXXX. Credit report & final settlement statement uploaded to validate the same. Final 1003 was incorrectly marked as current residence rented when owned (Updated 1003 uploaded). No VOR is applicable in this case - Resolved. - Due Diligence Vendor-09/25/2023
 Credit Report showing mortgage history.pdf
Final Settlement Statement for sale of departure residence.pdf
UW Cert.pdf
Corrected Page 1 of 1003 showing current residence owned..pdf
Property Profile.pdf		     TX Primary Residence Purchase NA 1167973 N/A N/A
XXXX 6993982     Closed 2023-12-01 18:10 2023-12-04 02:56 Resolved 1 - Information D A Compliance Missing Doc Final HUD-1 Document is Missing Resolved-Updated Final HUD-1 Document with corrected prepayment penalty amount of $11702.77 XXXX calculated amount in XXXX, verified & entered in system - Resolved. - Due Diligence Vendor-12/04/2023
Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-12/04/2023
Ready for Review-Document Uploaded.  - Seller-12/01/2023
Open-The final HUD was provided, however the maximum prepayment penalty of $14,630 did not match the calculated amount in XXXX.  The calculated amount is $11,702.77.  Please provide a corrected HUD or further advisement.  Thank you. - Due Diligence Vendor-12/01/2023		 Ready for Review-Document Uploaded.  - Seller-12/01/2023

 Resolved-Updated Final HUD-1 Document with corrected prepayment penalty amount of $11702.77 XXXX calculated amount in XXXX verified & entered in system - Resolved. - Due Diligence Vendor-12/04/2023
 Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-12/04/2023
 HUD  XXXX.pdf     NJ Investment Refinance Cash Out - Other 1287041 N/A N/A