Loan ID

Seller Loan 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

Finding Event Level

Initial Finding Grade

Current/Final Finding Grade

Finding Category

Finding Sub Category

Finding Name

Finding Comments

Seller Comments

Resolution Comments

Comp Factors

Finding Documents

Originator QM Status

Final Reviewed QM Status

Loan Amount

Property State

Occupancy

Loan Purpose

Refinance Purpose

494561873

C

B

A

A

B

B

C

A

Closed

FPRO5405

2021-05-23 21:33

2021-06-01 20:01

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/23/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$206,250.00

MI

Investment

Refinance

Cash Out - Other

494561873

C

B

A

A

B

B

C

A

Closed

FCOM8844

2021-05-23 21:22

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/24/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). Full compliance testing conducted with LE’s and CD’s in file.  - Due Diligence Vendor-05/23/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$206,250.00

MI

Investment

Refinance

Cash Out - Other

494535029

C

A

A

A

A

A

C

A

Closed

FPRO9939

2021-05-26 19:22

2021-05-30 05:45

Resolved

1 - Information

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 3). Desk review pending. - Due Diligence Vendor-05/26/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$150,900.00

CA

Investment

Refinance

Rate and Term

494534946

D

A

A

A

D

A

D

A

Closed

FPRO1244

2021-05-19 18:35

2021-05-30 04:22

Resolved

3 - Material

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-Desk review required to validate value within a 10% variance. - Due Diligence Vendor-05/20/2021

Resolved-Desk review provided with a value of XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$250,000.00

CA

Investment

Refinance

Cash Out - Other

494534946

D

A

A

A

D

A

D

A

Closed

FCOM1544

2021-05-24 18:46

2021-05-30 04:21

Resolved

3 - Material

D

A

Compliance

Missing Doc - CD

TRID: Missing Final Closing Disclosure

Resolved-Final CD provided. - Due Diligence Vendor-05/25/2021 Open-TRID: Missing Final Closing Disclosure - Due Diligence Vendor-05/25/2021 Ready for Review-Final Closing Disclosure found in file. Final CD and Final Settlement Statement have been uploaded. - Seller-05/24/2021 Open-TRID: Missing Final Closing Disclosure.  Total Closing Costs and Cash Out input per enclosed Post Close CD. - Due Diligence Vendor-05/19/2021 Open-TRID: Missing Final Closing Disclosure - Due Diligence Vendor-05/19/2021 Open-Loan is cash out on investment property. File contains no letter from borrower to confirm business use of proceeds. Final CD required to determine QM Compliance. - Due Diligence Vendor-05/19/2021

Ready for Review-Final Closing Disclosure found in file. Final CD and Final Settlement Statement have been uploaded. - Seller-05/24/2021

Resolved-Final CD provided. - Due Diligence Vendor-05/25/2021

XXX - Final Settlement Statement.pdf  XXX - Final Closing Disclosure.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$250,000.00

CA

Investment

Refinance

Cash Out - Other

494534946

D

A

A

A

D

A

D

A

Closed

FCOM7646

2021-05-24 18:45

2021-05-30 04:21

Resolved

3 - Material

C

A

Compliance

QM-ATR

Originator QM Designation Differs From Final QM Status

Resolved-Final CD provided. - Due Diligence Vendor-05/25/2021 Resolved-Originator QM Designation Of ATR/QM: Not Applicable Matches Final QM Status Of ATR/QM: Not Applicable - Due Diligence Vendor-05/25/2021 Ready for Review-Final Closing Disclosure found in file. Final CD and Final Settlement Statement have been uploaded. - Seller-05/24/2021 Open-Originator QM Designation Of ATR/QM: Not Applicable Differs From Final QM Status Of ATR/QM: Status Pending. Pending receipt of Final CD to determine QM status - Due Diligence Vendor-05/20/2021 Open-Pending receipt of Final CD to determine QM status - Due Diligence Vendor-05/19/2021 Open-Originator QM Designation Of ATR/QM: Not Applicable Differs From Final QM Status Of ATR/QM: Status Pending - Due Diligence Vendor-05/19/2021

Ready for Review-Final Closing Disclosure found in file. Final CD and Final Settlement Statement have been uploaded. - Seller-05/24/2021

Resolved-Final CD provided. - Due Diligence Vendor-05/25/2021  Resolved-Originator QM Designation Of ATR/QM: Not Applicable Matches Final QM Status Of ATR/QM: Not Applicable - Due Diligence Vendor-05/25/2021

XXX - Final Settlement Statement.pdf  XXX - Final Closing Disclosure.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$250,000.00

CA

Investment

Refinance

Cash Out - Other

494529804

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$165,000.00

VA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494523164

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$85,000.00

AZ

Investment

Refinance

Cash Out - Other

494520840

D

A

C

A

D

A

C

A

Closed

FCOM1544

2021-06-04 16:49

2021-06-05 03:09

Resolved

3 - Material

D

A

Compliance

Missing Doc - CD

TRID: Missing Final Closing Disclosure

Resolved-TRID: Final Closing Disclosure Provided - Due Diligence Vendor-06/05/2021 Ready for Review-CD Signed at Closing - Seller-06/04/2021 Open-TRID: Missing Final Closing Disclosure - Due Diligence Vendor-06/01/2021

Ready for Review-CD Signed at Closing - Seller-06/04/2021

Resolved-TRID: Final Closing Disclosure Provided - Due Diligence Vendor-06/05/2021

XXX CD.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$336,000.00

CA

Investment

Refinance

Rate and Term

494520840

D

A

C

A

D

A

C

A

Closed

FCRE1168

2021-06-02 17:30

2021-06-02 17:47

Resolved

3 - Material

C

A

Credit

Insurance

Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage is less than all Subject Lien(s) and Replacement Cost Value Provided

Resolved-RCE provided showing adequate coverage was obtained. - Due Diligence Vendor-06/02/2021 Ready for Review-Replacement cost estimator attached - Seller-06/02/2021 Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $283750.00 is less than all Subject Lien(s). - Due Diligence Vendor-06/01/2021 Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $283750.00 is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $0 - Due Diligence Vendor-06/01/2021 Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $283750.00 is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $0 - Due Diligence Vendor-06/01/2021

Ready for Review-Replacement cost estimator attached - Seller-06/02/2021

Resolved-RCE provided showing adequate coverage was obtained. - Due Diligence Vendor-06/02/2021

14943 cost estimator.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$336,000.00

CA

Investment

Refinance

Rate and Term

494520840

D

A

C

A

D

A

C

A

Closed

FPRO5405

2021-06-01 15:42

2021-06-01 19:46

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-06/01/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$336,000.00

CA

Investment

Refinance

Rate and Term

494516161

B

B

A

A

A

A

B

B

Closed

FPRO1498

2021-05-20 19:13

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/22/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/22/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$261,000.00

CA

Investment

Refinance

Rate and Term

494513313

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$165,000.00

NV

Investment

Refinance

Rate and Term

494513177

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$157,000.00

AL

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494513156

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$400,000.00

CA

Investment

Refinance

Rate and Term

494511953

D

A

D

A

A

A

C

A

Closed

FCRE1316

2021-06-04 12:32

2021-06-05 03:18

Resolved

1 - Information

D

A

Credit

Missing Doc - Employment

Borrower 1 3rd Party VOE Prior to Close Missing

Resolved-B1 VOE prior to consummation provided. - Due Diligence Vendor-06/05/2021 Ready for Review-See attached verbal VOE. - Seller-06/04/2021 Open-Borrower 1 3rd Party VOE Prior to Close Missing - Due Diligence Vendor-05/22/2021

Ready for Review-See attached verbal VOE. - Seller-06/04/2021

Resolved-B1 VOE prior to consummation provided. - Due Diligence Vendor-06/05/2021

XXX__VOE.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$165,000.00

FL

Investment

Refinance

Rate and Term

494511953

D

A

D

A

A

A

C

A

Closed

FCRE1346

2021-05-26 19:52

2021-06-02 16:52

Resolved

3 - Material

D

A

Credit

Missing Doc - Income

Borrower 1 1040 Schedule E Missing

Resolved-Provided as conditioned. - Due Diligence Vendor-06/02/2021 Ready for Review-See attached 2019 1040 - Seller-05/26/2021 Open-Borrower 1 1040 Schedule E Missing - Due Diligence Vendor-05/25/2021 Open-Borrower 1 1040 Schedule E Missing - Due Diligence Vendor-05/24/2021 Open-Borrower 1 1040 Schedule E Missing. The 2019 1040 tax returns are illegible appears to be an imaging issue with the file provided. Unable to verify rental income.   - Due Diligence Vendor-05/22/2021

Ready for Review-See attached 2019 1040 - Seller-05/26/2021

Resolved-Provided as conditioned. - Due Diligence Vendor-06/02/2021

XXX_XXX  1040.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$165,000.00

FL

Investment

Refinance

Rate and Term

494511953

D

A

D

A

A

A

C

A

Closed

FCRE1437

2021-05-26 19:32

2021-06-02 16:51

Resolved

3 - Material

C

A

Credit

Income

Income and Employment Do Not Meet Guidelines

Resolved-Provided as conditioned and is reflected as qualified. - Due Diligence Vendor-06/02/2021 Ready for Review-See attached 2019 SCH E, T&I for REO  - Seller-05/26/2021 Open-Income and Employment Do Not Meet Guidelines - Due Diligence Vendor-05/24/2021 Open-Income and Employment Do Not Meet Guidelines. Unable to verify rental income due to illegible Schedule E for year 2019 and whether borrower was employed at the time of closing. In addition, missing T&I information for the following properties: XXX  - Due Diligence Vendor-05/22/2021

Ready for Review-See attached 2019 SCH E, T&I for REO  - Seller-05/26/2021

Resolved-Provided as conditioned and is reflected as qualified. - Due Diligence Vendor-06/02/2021

XXX_XXX 536 tax.pdf XXX_XXX  Tax XXX.pdf XXX_XXX  7200 tax XXX.pdf XXX_XXX SCH E.pdf XXX_XXX 536 XXX.pdf XXX_XXX 2164 tax XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$165,000.00

FL

Investment

Refinance

Rate and Term

494511953

D

A

D

A

A

A

C

A

Closed

FPRO5405

2021-05-25 14:36

2021-06-02 01:17

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/02/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/25/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/02/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$165,000.00

FL

Investment

Refinance

Rate and Term

494508881

D

B

A

A

D

B

A

A

Closed

FCOM1229

2021-05-21 13:34

2021-05-30 04:50

Resolved

3 - Material

D

A

Compliance

Missing Doc - Closing Package

1-4 Family Rider is Missing

Resolved-1-4 Rider provided. - Due Diligence Vendor-05/22/2021 Ready for Review-Mortgage certified copy has been provided and uploaded. - Seller-05/21/2021 Open-Mortgage is missing including any riders. - Due Diligence Vendor-05/19/2021 Open-1-4 Family Rider is Missing - Due Diligence Vendor-05/18/2021 Open-1-4 Family Rider is Missing.  File is missing the mortgage. - Due Diligence Vendor-05/18/2021

Ready for Review-Mortgage certified copy has been provided and uploaded. - Seller-05/21/2021

Resolved-1-4 Rider provided. - Due Diligence Vendor-05/22/2021

XXX XXX - Mortgage Certified Copy.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$112,500.00

NJ

Investment

Refinance

Cash Out - Other

494508881

D

B

A

A

D

B

A

A

Closed

FCOM8844

2021-05-18 18:13

2021-05-30 04:47

Acknowledged

2 - Non-Material

D

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/19/2021 Open-CD shows that all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes).  - Due Diligence Vendor-05/18/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/19/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$112,500.00

NJ

Investment

Refinance

Cash Out - Other

494507802

D

B

A

A

D

B

C

A

Closed

FCOM1544

2021-05-27 17:10

2021-06-01 19:33

Resolved

1 - Information

D

A

Compliance

Missing Doc - CD

TRID: Missing Final Closing Disclosure

Resolved-TRID: Final Closing Disclosure Provided - Due Diligence Ready for Review-CD signed at closing - Seller-05/27/2021 Open-TRID: Missing Final Closing Disclosure. Post Close CD was provided. - Due Diligence Vendor-05/25/2021 Open-TRID: Missing Final Closing Disclosure - Due Diligence Vendor-05/25/2021 Open-TRID: Missing Final Closing Disclosure - Due Diligence Vendor-05/21/2021

Ready for Review-CD signed at closing - Seller-05/27/2021

Resolved-TRID: Final Closing Disclosure Provided - Due Diligence Vendor-06/01/2021

CD XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$412,500.00

CA

Investment

Refinance

Cash Out - Other

494507802

D

B

A

A

D

B

C

A

Closed

finding-3732

2021-05-27 17:11

2021-06-01 17:03

Resolved

3 - Material

C

A

Compliance

TRID

TRID Total of Payments Test

Resolved-Final CD provided. - Due Diligence Vendor-06/01/2021 Ready for Review-Disagree-uploaded CD signed at closing - Seller-05/27/2021 Open-Pending receipt of final CD. - Due Diligence Vendor-05/25/2021 Open-This loan failed the TRID total of payments test. ( 12 CFR §1026.18(d)(1) )The total of payments is $670,615.12. The disclosed total of payments of $669,709.27 is not considered accurate because it is understated by more than $100. - Due Diligence Vendor-05/25/2021

Ready for Review-Disagree-uploaded CD signed at closing - Seller-05/27/2021

Resolved-Final CD provided. - Due Diligence Vendor-06/01/2021

CD XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$412,500.00

CA

Investment

Refinance

Cash Out - Other

494507802

D

B

A

A

D

B

C

A

Closed

finding-651

2021-05-27 17:11

2021-06-01 17:03

Resolved

3 - Material

C

A

Compliance

Points & Fees

TILA Finance Charge Test

Resolved-Final CD provided. - Due Diligence Vendor-06/01/2021 Ready for Review-This loan failed the TILA finance charge test.( 12 CFR §1026.18(d)(1) , transferred from  12 CFR §226.18(d)(1) )The finance charge is $257,115.12. The disclosed finance charge of  $157,315.12 is not considered accurate because it is understated by more than $100. - Due Diligence Vendor-06/01/2021 Ready for Review-Disagree-uploaded CD signed at closing - Seller-05/27/2021 Open-Pending receipt of final CD. - Due Diligence Vendor-05/25/2021 Open-This loan failed the TILA finance charge test.( 12 CFR §1026.18(d)(1) , transferred from  12 CFR §226.18(d)(1) )The finance charge is $257,115.12. The disclosed finance charge of  $256,759.27 is not considered accurate because it is understated by more than $100. - Due Diligence Vendor-05/25/2021

Ready for Review-Disagree-uploaded CD signed at closing - Seller-05/27/2021

Resolved-Final CD provided. - Due Diligence Vendor-06/01/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$412,500.00

CA

Investment

Refinance

Cash Out - Other

494507802

D

B

A

A

D

B

C

A

Closed

FPRO5405

2021-05-25 19:40

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible). Desk review pending. - Due Diligence Vendor-05/25/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$412,500.00

CA

Investment

Refinance

Cash Out - Other

494507802

D

B

A

A

D

B

C

A

Closed

FCOM8844

2021-05-22 01:05

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/25/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). Compliance testing pending due to missing Final CD. - Due Diligence Vendor-05/22/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/25/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$412,500.00

CA

Investment

Refinance

Cash Out - Other

494506712

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$300,000.00

UT

Investment

Purchase

NA

494503355

D

A

D

A

A

A

A

A

Closed

FCRE1322

2021-06-01 01:39

2021-06-02 16:27

Resolved

3 - Material

D

A

Credit

Missing Doc - Income

Borrower 1 Business Tax Returns Missing

Resolved-Provided as conditioned. - Due Diligence Vendor-06/02/2021 Ready for Review-Disagree. The file contains the 2019 business returns for both XXX andXXX which have been uploaded. - Seller-06/01/2021  Open-Borrower 1 Business Tax Returns Missing - Due Diligence Vendor-05/29/2021 Open-Provide 2019 1065's for XXX and XXX as they were not provided for review to complete income calculations - Due Diligence Vendor-05/29/2021

Ready for Review-Disagree. The file contains the 2019 business returns for both XXXX which have been uploaded. - Seller-06/01/2021

Resolved-Provided as conditioned. - Due Diligence Vendor-06/02/2021

XXX_XXX_HRH2.pdf XXX_XXX_HRH1.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$266,000.00

CA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494502874

D

A

C

A

A

A

D

A

Closed

FCRE1168

2021-05-24 20:32

2021-06-02 15:43

Resolved

3 - Material

C

A

Credit

Insurance

Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage is less than all Subject Lien(s) and Replacement Cost Value Provided

Resolved-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is greater than Replacement Cost Cost Value of $XXX. - Due Diligence Vendor-06/02/2021 Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $XXX - Due Diligence Vendor-05/25/2021 Ready for Review-Replacement Cost Estimator has been received and uploaded. - Seller-05/24/2021 Open-Provide Replacement Cost Value to evidence hazard Insurance Coverage Amount of $XXX is sufficient. - Due Diligence Vendor-05/21/2021

Ready for Review-Replacement Cost Estimator has been received and uploaded. - Seller-05/24/2021

Resolved-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is greater than Replacement Cost Cost Value of $XXX. - Due Diligence Vendor-06/02/2021

XXX XXX - Replacement Cost Estimator.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$225,000.00

CA

Investment

Refinance

Cash Out - Other

494502874

D

A

C

A

A

A

D

A

Closed

FPRO1244

2021-05-22 12:19

2021-05-30 05:35

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/22/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$225,000.00

CA

Investment

Refinance

Cash Out - Other

494500485

B

B

A

A

B

B

A

A

Closed

FCOM8844

2021-05-25 15:28

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/26/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). Full compliance testing conducted with LE’s and CD’s in file.  - Due Diligence Vendor-05/25/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/26/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$129,750.00

TX

Investment

Refinance

Cash Out - Other

494500479

D

B

A

A

C

B

D

A

Closed

finding-3632

2021-05-26 16:08

2021-06-02 15:58

Resolved

3 - Material

C

A

Compliance

Disclosures (Federal, State, and Data Dependent)

Consummation or Reimbursement Date Validation Test

Resolved-COC provided - Due Diligence Vendor-06/02/2021 Ready for Review-COC provided - Due Diligence Vendor-06/02/2021 Ready for Review-Loan does not fail tolerance testing.  ICD, Loan Detail Summary and COC has been provided. - Seller-05/26/2021 Open-This loan failed the closing or reimbursement date validation test.The loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations. - Due Diligence Vendor-05/24/2021

Ready for Review-Loan does not fail tolerance testing.  ICD, Loan Detail Summary and COC has been provided. - Seller-05/26/2021

Resolved-COC provided - Due Diligence Vendor-06/02/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$533,000.00

NY

Investment

Refinance

Cash Out - Other

494500479

D

B

A

A

C

B

D

A

Closed

finding-3631

2021-05-26 16:05

2021-06-02 15:56

Resolved

3 - Material

C

A

Compliance

Points & Fees

Reimbursement Amount Validation Test

Resolved-COC provided - Due Diligence Vendor-06/02/2021 Ready for Review-Loan does not fail tolerance testing.  COC has been provided. - Seller-05/26/2021 Open-This loan failed the reimbursement amount validation test.The loan failed one or more tolerance tests and did not provide a reimbursement amount. This information is necessary in order to correctly perform reimbursement calculations. - Due Diligence Vendor-05/24/2021

Ready for Review-Loan does not fail tolerance testing.  COC has been provided. - Seller-05/26/2021

Resolved-COC provided - Due Diligence Vendor-06/02/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$533,000.00

NY

Investment

Refinance

Cash Out - Other

494500479

D

B

A

A

C

B

D

A

Closed

finding-3652

2021-05-26 16:04

2021-06-02 15:55

Resolved

3 - Material

C

A

Compliance

TRID

Lender Credits That Cannot Decrease Test

Resolved-COC provided - Due Diligence Vendor-06/02/2021 Ready for Review-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 ($644.56) does not exceed or equal the comparable sum of specific and non-specific lender credits ($3,743.00). 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). - Due Diligence Vendor-06/02/2021 Ready for Review-COC has been provided. - Seller-05/26/2021 Open-Lender credit was reduced without a valid change of circumstance. - Due Diligence Vendor-05/25/2021 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 ($322.28) does not exceed or equal the comparable sum of specific and non-specific lender credits ($3,743.00). 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). - Due Diligence Vendor-05/24/2021

Ready for Review-COC has been provided. - Seller-05/26/2021

Resolved-COC provided - Due Diligence Vendor-06/02/2021

XXX XXX - COC.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$533,000.00

NY

Investment

Refinance

Cash Out - Other

494500479

D

B

A

A

C

B

D

A

Closed

finding-3634

2021-05-26 16:05

2021-06-02 15:54

Resolved

3 - Material

C

A

Compliance

TRID

Charges That Cannot Increase Test

Resolved-COC provided - Due Diligence Vendor-06/02/2021 Ready for Review-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 $149.25.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). - Due Diligence Vendor-06/02/2021 Ready for Review-COC has been provided. - Seller-05/26/2021 Open-Transfer taxes increased $250.20 without a valid change of circumstance. - Due Diligence Vendor-05/25/2021 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 $1,084.43.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). - Due Diligence Vendor-05/24/2021

Ready for Review-COC has been provided. - Seller-05/26/2021

Resolved-COC provided - Due Diligence Vendor-06/02/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$533,000.00

NY

Investment

Refinance

Cash Out - Other

494500479

D

B

A

A

C

B

D

A

Closed

FPRO1244

2021-05-26 02:29

2021-05-30 05:35

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/26/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$533,000.00

NY

Investment

Refinance

Cash Out - Other

494500479

D

B

A

A

C

B

D

A

Closed

FCOM8844

2021-05-24 18:07

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/26/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). Full compliance testing conducted with LE’s and CD’s in file.  - Due Diligence Vendor-05/24/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/26/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$533,000.00

NY

Investment

Refinance

Cash Out - Other

494500306

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$53,000.00

FL

Investment

Refinance

Rate and Term

494499022

C

A

C

A

A

A

C

A

Closed

FCRE1437

2021-06-02 14:16

2021-06-02 19:12

Resolved

3 - Material

C

A

Credit

Income

Income and Employment Do Not Meet Guidelines

Resolved-Non subject REO documents provided. - Due Diligence Vendor-06/02/2021 Ready for Review-See attached taxes, insurance and lease for XXX. Dunns Creek was purchased 03/2021. Closing Disclosure and Note are attached to document the terms. - Seller-06/02/2021 Open-Income and Employment Do Not Meet Guidelines. Missing verification of Mortgage, Taxes, and Insurance for property located at XXX. Missing verification of taxes, insurance, and lease agreement for property located at XXX .  - Due Diligence Vendor-05/31/2021

Ready for Review-See attached taxes, insurance and lease for XXX. XXX was purchased 03/2021. Closing Disclosure and Note are attached to document the terms. - Seller-06/02/2021

Resolved-Non subject REO documents provided. - Due Diligence Vendor-06/02/2021

XXX_XXX_XXX_XXX.pdf XXX_XXX_XXX_XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$165,742.00

TX

Investment

Purchase

NA

494499022

C

A

C

A

A

A

C

A

Closed

FPRO5405

2021-05-31 23:37

2021-06-01 15:02

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/31/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$165,742.00

TX

Investment

Purchase

NA

494498831

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$472,750.00

CA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494495637

C

A

A

A

A

A

C

A

Closed

FPRO9939

2021-05-19 21:57

2021-05-30 05:45

Resolved

1 - Information

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/25/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 4). Desk review pending. - Due Diligence Vendor-05/20/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/25/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$384,800.00

WA

Investment

Purchase

NA

494492391

C

A

C

A

A

A

A

A

Closed

FCRE1437

2021-06-03 13:06

2021-06-03 18:01

Resolved

3 - Material

C

A

Credit

Income

Income and Employment Do Not Meet Guidelines

Resolved-VOM's provided for all properties verifying escrows are included in all payments listed. - Due Diligence Vendor-06/03/2021 Ready for Review-Disagree. The file contains the mortgage statements for all financed REO's indicating the payments include escrows. The statements have been uploaded. - Seller-06/03/2021 Open-Income and Employment Do Not Meet Guidelines - Due Diligence Vendor-06/01/2021 Open-Income and Employment Do Not Meet Guidelines, missing verification of taxes and insurances for Non Subject REO and primary properties.  - Due Diligence Vendor-06/01/2021

Ready for Review-Disagree. The file contains the mortgage statements for all financed REO's indicating the payments include escrows. The statements have been uploaded. - Seller-06/03/2021

Resolved-VOM's provided for all properties verifying escrows are included in all payments listed. - Due Diligence Vendor-06/03/2021

XXX_XXX_REO_Expenses.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$548,000.00

WA

Investment

Refinance

Cash Out - Other

494492391

C

A

C

A

A

A

A

A

Closed

FCRE1168

2021-06-02 18:54

2021-06-02 19:31

Resolved

3 - Material

C

A

Credit

Insurance

Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage is less than all Subject Lien(s) and Replacement Cost Value Provided

Resolved-Replacement cost estimate provided. - Due Diligence Vendor-06/02/2021 Resolved-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $XXX - Due Diligence Vendor-06/02/2021 Ready for Review-6/2/2021 Disagree - the HOI and  RCE was provided - please review  - Seller-06/02/2021 Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $XX - Due Diligence Vendor-06/01/2021 Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s). - Due Diligence Vendor-06/01/2021

Ready for Review-6/2/2021 Disagree - the HOI and  RCE was provided - please review  - Seller-06/02/2021

Resolved-Replacement cost estimate provided. - Due Diligence Vendor-06/02/2021  Resolved-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $XXX - Due Diligence Vendor-06/02/2021

XXX LLP RCT.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$548,000.00

WA

Investment

Refinance

Cash Out - Other

494490506

D

B

D

A

B

B

B

B

Closed

FCRE7497

2021-05-25 16:58

2021-06-02 16:19

Resolved

3 - Material

D

A

Credit

Missing Doc

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

Resolved-Provided as conditioned - Due Diligence Vendor-06/02/2021 Ready for Review-See attached Note, HOI, & Tax cert for primary residence - Seller-05/25/2021 Open-Missing Verification for PITI on primary residence - XXX - Due Diligence Vendor-05/22/2021

Ready for Review-See attached Note, HOI, & Tax cert for primary residence - Seller-05/25/2021

Resolved-Provided as conditioned - Due Diligence Vendor-06/02/2021

XXX_XXX_Note.pdf XXX_XXX_HOI.pdf XXX_XX_Taxes.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$218,000.00

CA

Investment

Refinance

Cash Out - Other

494490506

D

B

D

A

B

B

B

B

Closed

FPRO1498

2021-05-22 05:09

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/25/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/22/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/25/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$218,000.00

CA

Investment

Refinance

Cash Out - Other

494490506

D

B

D

A

B

B

B

B

Closed

FCOM8844

2021-05-22 19:01

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/25/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). Compliance testing pending - due to missing Final CD - Due Diligence Vendor-05/22/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/25/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$218,000.00

CA

Investment

Refinance

Cash Out - Other

494489646

C

A

C

A

A

A

A

A

Closed

FCRE1440

2021-05-27 13:09

2021-06-02 13:00

Resolved

3 - Material

C

A

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-CD's provided showing refinanced 3/XX/21 - both cash out and paying off prior mortgages. - Due Diligence Vendor-06/02/2021 Ready for Review-Please see attached settlement statements for these two properties. - Seller-05/27/2021 Open-Housing History Does Not Meet Guideline Requirements>  Need settlement statements or new mortgage statements for the primary residence and retained investment property concurrently being transferred/refinanced.   - Due Diligence Vendor-05/26/2021

Ready for Review-Please see attached settlement statements for these two properties. - Seller-05/27/2021

Resolved-CD's provided showing refinanced 3/XX/21 - both cash out and paying off prior mortgages. - Due Diligence Vendor-06/02/2021

XXX CD.pdf XXX CD.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$244,500.00

NV

Investment

Refinance

Cash Out - Other

494489440

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$413,700.00

CA

Investment

Refinance

Cash Out - Other

494487705

B

B

A

A

B

B

A

A

Closed

FCOM8844

2021-05-20 18:46

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/21/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). Full compliance testing conducted with LE’s and CD’s in file. - Due Diligence Vendor-05/20/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/21/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$540,000.00

CA

Investment

Refinance

Cash Out - Debt Consolidation

494485785

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$315,000.00

TX

Investment

Refinance

Rate and Term

494484747

B

B

A

A

A

A

B

B

Closed

FPRO1498

2021-05-18 21:33

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/18/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$277,000.00

CA

Investment

Refinance

Rate and Term

494483627

C

A

C

A

A

A

A

A

Closed

FCRE1440

2021-06-02 13:19

2021-06-02 17:45

Resolved

3 - Material

C

A

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Documentation provided as required. - Due Diligence Vendor-06/02/2021 Ready for Review-See attached property taxes on XXX, taxes and insurance on XXX, and pay history, taxes and insurance on XXX. There are no HOA dues for XXX. Please note that the pay history on XXX is documented via the credit report. XXX is tied to this property. The Closing Disclosure verifies XXX was previously free and clear as there was no mortgage paid off with the refinance. - Seller-06/02/2021 Open-Housing History Does Not Meet Guideline Requirements - Due Diligence Vendor-06/01/2021 Open-Housing History Does Not Meet Guideline Requirements. Missing documentation of property taxes on XXX. Missing documentation of pay history, principal, taxes and association for XXX, and Taxes and insurance for XXX. - Due Diligence Vendor-05/30/2021

Ready for Review-See attached property taxes on XXX, taxes and insurance on XXX, and pay history, taxes and insurance on XXX. There are no HOA dues for XXX. Please note that the pay history on XXX is documented via the credit report. XXX is tied to this property. The Closing Disclosure verifies XXX was previously free and clear as there was no mortgage paid off with the refinance. - Seller-06/02/2021

Resolved-Documentation provided as required. - Due Diligence Vendor-06/02/2021

XXX_XXX_XXX_Taxes.pdf XXX_XXX_XXX_Tax_Ins.pdf XXX_XXX_XXX_PITI.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$122,250.00

TX

Investment

Refinance

Rate and Term

494482877

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-21 17:47

2021-06-07 12:13

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/07/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/21/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/07/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$202,500.00

MN

Investment

Refinance

Rate and Term

494482802

C

A

C

A

A

A

C

A

Closed

FCRE1437

2021-06-03 21:51

2021-06-04 12:20

Resolved

3 - Material

C

A

Credit

Income

Income and Employment Do Not Meet Guidelines

Resolved-Evidence of free and clear provided along with LOE from CPA on Schedule E inputs. - Due Diligence Vendor-06/04/2021 Ready for Review-The borrower elected to combine all rental properties located at XXX as one property for tax purposes. Please see attached explanation letter from the XXX, as such the XXX used the combined income and expenses reported on the schedule E for rental properties located at XXX and divided them equally to all properties in order to calculate rental income. Both properties located at XXX and XXX are free and clear as the homowner insurance policies shows no mortgagee for both properties. Please see attachment. - Seller-06/03/2021 Open-Income and Employment Do Not Meet Guidelines. Unable to verify rental income due to missing itemized Schedule E for 2019. Missing verification that property XXX is free and clear. Missing mortgage statement for property XXX. - Due Diligence Vendor-05/27/2021 Open-Income and Employment Do Not Meet Guidelines - Due Diligence Vendor-05/27/2021 Open-Income and Employment Do Not Meet Guidelines. Unable to verify rental income due to missing itemized Schedule E for 2019. Missing verification that property XXX is free and clear. Missing mortgage statement for property XXX.  - Due Diligence Vendor-05/24/2021

Ready for Review-The borrower elected to combine all rental properties located at XXX as one property for tax purposes. Please see attached explanation letter from the XXX, as such the XXX used the combined income and expenses reported on the schedule E for rental properties located at XXX and divided them equally to all properties in order to calculate rental income. Both properties located at XXX and XXX are free and clear as the homowner insurance policies shows no mortgagee for both properties. Please see attachment. - Seller-06/03/2021

Resolved-Evidence of free and clear provided along with LOE from CPA on Schedule E inputs. - Due Diligence Vendor-06/04/2021

XXX - XXX - CPA letter.pdf XXX - XXX - 4854 HOI.pdf XXX - XXX - 4802 HOI.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$227,500.00

OR

Investment

Refinance

Cash Out - Other

494482802

C

A

C

A

A

A

C

A

Closed

FPRO5405

2021-05-25 21:21

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/27/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXXor XX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$227,500.00

OR

Investment

Refinance

Cash Out - Other

494482241

D

B

A

A

D

B

C

A

Closed

FPRO5405

2021-05-30 16:17

2021-06-01 15:25

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/30/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$175,000.00

CA

Investment

Refinance

Cash Out - Other

494482241

D

B

A

A

D

B

C

A

Closed

FCOM8844

2021-05-30 16:20

2021-06-01 13:24

Acknowledged

2 - Non-Material

D

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/30/2021 Open-Final CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). - Due Diligence Vendor-05/30/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/30/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$175,000.00

CA

Investment

Refinance

Cash Out - Other

494481354

B

B

A

A

A

A

B

B

Closed

FPRO1498

2021-05-28 19:36

2021-05-30 04:26

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/29/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/28/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/30/2021  Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/29/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$162,000.00

CA

Investment

Refinance

Rate and Term

494481326

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$443,800.00

TX

Investment

Refinance

Rate and Term

494481282

C

A

C

A

A

A

C

A

Closed

FCRE1440

2021-06-01 16:12

2021-06-02 17:21

Resolved

3 - Material

C

A

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Provided as conditioned - Due Diligence Vendor-06/02/2021 Ready for Review-Property tax is located in the file. Please see attachment - Seller-06/01/2021 Open-Housing History Does Not Meet Guideline Requirements.  Need tax payment information for primary residence.   - Due Diligence Vendor-05/27/2021

Ready for Review-Property tax is located in the file. Please see attachment - Seller-06/01/2021

Resolved-Provided as conditioned - Due Diligence Vendor-06/02/2021

XXX - XXX Property Tax.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$300,000.00

TX

Investment

Purchase

NA

494481282

C

A

C

A

A

A

C

A

Closed

FPRO9939

2021-05-27 05:34

2021-05-30 05:45

Resolved

1 - Information

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 3) - Due Diligence Vendor-05/27/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$300,000.00

TX

Investment

Purchase

NA

494480633

C

A

C

A

A

A

A

A

Closed

FCRE1168

2021-05-19 18:39

2021-05-30 04:32

Resolved

3 - Material

C

A

Credit

Insurance

Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage is less than all Subject Lien(s) and Replacement Cost Value Provided

Resolved-Replacement cost coverage provided. - Due Diligence Vendor-05/21/2021 Resolved-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $XXX - Due Diligence Vendor-05/21/2021 Ready for Review-Minimum building replacement cost shows on page 3. Previous loans with USAA insurance this is what they send for replacement cost estimator. - Seller-05/19/2021 Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $0 - Due Diligence Vendor-05/18/2021

Ready for Review-Minimum building replacement cost shows on page 3. Previous loans with USAA insurance this is what they send for replacement cost estimator. - Seller-05/19/2021

Resolved-Replacement cost coverage provided. - Due Diligence Vendor-05/21/2021  Resolved-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $XXX - Due Diligence Vendor-05/21/2021

Insurance XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$580,000.00

CA

Investment

Purchase

NA

494480086

D

A

D

A

A

A

A

A

Closed

FCRE1186

2021-05-26 16:19

2021-06-02 14:43

Resolved

3 - Material

C

A

Credit

Eligibility

Audited DTI Exceeds AUS DTI

Resolved-Lease agreement provided as conditioned and rental income and DTi are now in agreement with approval - Due Diligence Vendor-06/02/2021 Ready for Review-Please see attached lease agreement showing a monthly rental income of $1,700 - Seller-05/26/2021 Open-Audited DTI of 58.58% exceeds AUS DTI of 41%. Variance is due to missing lease. Unable to calculate rental income. - Due Diligence Vendor-05/24/2021

Ready for Review-Please see attached lease agreement showing a monthly rental income of $1,700 - Seller-05/26/2021

Resolved-Lease agreement provided as conditioned and rental income and DTi are now in agreement with approval - Due Diligence Vendor-06/02/2021

XXX - XXX - Lease agreement 1.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$206,000.00

FL

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494480086

D

A

D

A

A

A

A

A

Closed

FCRE1345

2021-05-26 16:18

2021-06-02 14:42

Resolved

3 - Material

D

A

Credit

Missing Doc - Income

Borrower 1 Lease Agreements Missing

Resolved-Lease agreement provided as conditioned. - Due Diligence Ready for Review-Please see attached lease agreement showing a monthly rental income of $1,700 - Seller-05/26/2021 Open-Variance is due to missing lease for subject. Unable to calculate rental income. - Due Diligence Vendor-05/24/2021 Open-Borrower 1 Lease Agreements Missing - Due Diligence Vendor-05/24/2021

Ready for Review-Please see attached lease agreement showing a monthly rental income of $1,700 - Seller-05/26/2021

Resolved-Lease agreement provided as conditioned. - Due Diligence Vendor-06/02/2021

XXX - XXX - Lease agreement 1.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$206,000.00

FL

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494479796

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$229,000.00

OH

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494478607

D

A

A

A

D

A

C

A

Closed

FCOM1544

2021-05-27 17:35

2021-06-02 14:02

Resolved

3 - Material

D

A

Compliance

Missing Doc - CD

TRID: Missing Final Closing Disclosure

Resolved-FInal HUD provided showing closing date of 4/XX/21 and funding of 4/XX/21. - Due Diligence Vendor-06/02/2021 Ready for Review-This is an escrow state loan. The CD the Lender used at closing is the 3 Day CD as new CDs are not prepared at closing the final disbursed CD is provided after closing. Please see attached Final Settlement Statement as PCCD has already been provided in the file. - Seller-05/27/2021 Open-File includes copies of Initial and Post Close CD's only. - Due Diligence Vendor-05/21/2021 Open-TRID: Missing Final Closing Disclosure.  File includes Initial and Post Close CD only. - Due Diligence Vendor-05/21/2021

Ready for Review-This is an escrow state loan. The CD the Lender used at closing is the 3 Day CD as new CDs are not prepared at closing the final disbursed CD is provided after closing. Please see attached Final Settlement Statement as PCCD has already been provided in the file. - Seller-05/27/2021

Resolved-FInal HUD provided showing closing date of 4/XX/21 and funding of 4/XX/21. - Due Diligence Vendor-06/02/2021

XXX XXX - Final Settlement Statement.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$317,000.00

CO

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494478607

D

A

A

A

D

A

C

A

Closed

FPRO5405

2021-05-21 08:59

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/21/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$317,000.00

CO

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494478272

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$470,000.00

CA

Investment

Purchase

NA

494477862

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$86,250.00

AZ

Investment

Purchase

NA

494477617

B

B

A

A

A

A

B

B

Closed

FPRO1498

2021-05-18 21:43

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/18/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$393,000.00

CA

Investment

Refinance

Rate and Term

494477262

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$280,059.00

GA

Investment

Purchase

NA

494474641

D

A

A

A

A

A

D

A

Closed

FPRO1244

2021-05-28 18:25

2021-05-31 16:14

Resolved

3 - Material

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-Score did not report from CU.   - Due Diligence Vendor-05/28/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$312,100.00

OR

Investment

Refinance

Rate and Term

494474233

D

A

A

A

A

A

D

A

Closed

FPRO1244

2021-05-21 02:41

2021-05-30 05:35

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-Third party valuation product missing. - Due Diligence Vendor-05/21/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$257,250.00

CA

Investment

Purchase

NA

494473945

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-06-01 17:36

2021-06-01 19:48

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-06/01/2021

Resolved-Desk review provided with a value of $XXX orXXX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$244,000.00

WA

Investment

Refinance

Rate and Term

494473614

B

B

A

A

A

A

B

B

Closed

FPRO1498

2021-05-27 00:03

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/28/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/27/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/30/2021  Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/28/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$94,350.00

MO

Investment

Refinance

Rate and Term

494470816

D

A

D

A

A

A

C

A

Closed

FCRE1173

2021-05-25 18:11

2021-06-02 14:44

Resolved

3 - Material

D

A

Credit

Missing Doc - Insurance

HO6 Master Insurance Policy is Missing

Resolved-Provided as conditioned - Due Diligence Vendor-06/02/2021 Ready for Review-Master Policy attached for Condo - Seller-05/25/2021 Open-Missing HO-6 Master Insurance Policy - Due Diligence Vendor-05/24/2021 Open-Missing HO-6 Master Insurance Policy - Due Diligence Vendor-05/22/2021

Ready for Review-Master Policy attached for Condo - Seller-05/25/2021

Resolved-Provided as conditioned - Due Diligence Vendor-06/02/2021

Master Policy XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$392,000.00

CO

Investment

Purchase

NA

494470816

D

A

D

A

A

A

C

A

Closed

FPRO5405

2021-05-24 16:41

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or -XXX% variance. Finding resolved. - Due Diligence Vendor-05/25/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible). Desk review pending. - Due Diligence Vendor-05/24/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or -XXX% variance. Finding resolved. - Due Diligence Vendor-05/25/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$392,000.00

CO

Investment

Purchase

NA

494469827

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$215,000.00

RI

Investment

Purchase

NA

494469422

C

A

C

A

A

A

C

A

Closed

FCRE1186

2021-06-02 19:38

2021-06-03 15:02

Resolved

3 - Material

C

A

Credit

Eligibility

Audited DTI Exceeds AUS DTI

Resolved-Updated PITIA provided for Non Subject REO properties. - Due Diligence Vendor-06/03/2021 Resolved-Audited DTI of 25.73% is less than or equal to AUS DTI of 28%  - Due Diligence Vendor-06/03/2021 Ready for Review-XXX: Borrower is not on title, but was qualified with taxes, insurance and HOA. XXX were refinanced with Flagstar Bank. Note and final CD are attached for each. Please note that the lease was used on each property due to the short length of time reported on the 2019 Schedule E. XXX: Mortgage is escrowed; statement attached to verify. Please note that the 2019 Schedule E shows only NINE months of rental income. This figure should be used in place of 12 months when calculating rental income. - Seller-06/02/2021 Open-Audited DTI of 41.82% exceeds AUS DTI of 28%  - Due Diligence Vendor-06/02/2021 Open-Audited DTI of 41.82% exceeds AUS DTI of 28%.  Biggest contributor to DTI difference is the reconciliation of non-subject REO.  Looks like lender may have been counting $152 but was found to be -$1611.  See income workbook.   - Due Diligence Vendor-06/02/2021

Ready for Review-XXX: Borrower is not on title, but was qualified with taxes, insurance and HOA. XXX and XXX were refinanced with Flagstar Bank. Note and final CD are attached for each. Please note that the lease was used on each property due to the short length of time reported on the 2019 Schedule E. XXX: Mortgage is escrowed; statement attached to verify. Please note that the 2019 Schedule E shows only NINE months of rental income. This figure should be used in place of 12 months when calculating rental income. - Seller-06/02/2021

Resolved-Updated PITIA provided for Non Subject REO properties. - Due Diligence Vendor-06/03/2021  Resolved-Audited DTI of 25.73% is less than or equal to AUS DTI of 28%  - Due Diligence Vendor-06/03/2021

XXX_XXX_XXX_New.pdf XXX_XXX_XXX_Lease.pdf XXX_XXX_XXX_Lease.pdf XXX_XXX_XXX.pdf XXX_XXX_XXX_New.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$198,200.00

TX

Investment

Refinance

Rate and Term

494469422

C

A

C

A

A

A

C

A

Closed

FPRO5405

2021-06-02 02:26

2021-06-03 15:01

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Provided Or FHLMC Collateral Rep & Warrant Relief Is Eligible And A Third Party Product Was Not Required (FHLMC Collateral Rep & Warrant Relief Status Is ) - Due Diligence Vendor-06/02/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-06/02/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-06/02/2021

Resolved-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Provided Or FHLMC Collateral Rep & Warrant Relief Is Eligible And A Third Party Product Was Not Required (FHLMC Collateral Rep & Warrant Relief Status Is ) - Due Diligence Vendor-06/02/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$198,200.00

TX

Investment

Refinance

Rate and Term

494469421

C

A

A

A

A

A

C

A

Closed

FPRO9939

2021-05-26 21:26

2021-05-30 05:45

Resolved

1 - Information

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 3.8) - Due Diligence Vendor-05/26/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$157,500.00

TX

Investment

Refinance

Rate and Term

494469228

B

B

A

A

B

B

A

A

Closed

FCOM8844

2021-05-31 11:58

2021-05-31 12:29

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Full regulatory testing completed. No issues found. Loan would be valid as GSE SH. - Due Diligence Vendor-06/08/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). - Due Diligence Vendor-05/31/2021

Acknowledged-Full regulatory testing completed. No issues found. Loan would be valid as GSE SH. - Due Diligence Vendor-06/08/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$293,500.00

CA

Investment

Refinance

Cash Out - Other

494468740

D

A

D

A

A

A

A

A

Closed

FCRE8712

2021-06-07 16:41

2021-06-07 16:47

Resolved

3 - Material

D

A

Credit

Missing Doc

Missing Verification of Rent

Resolved-Lease agreement with copy of checks provided. - Due Diligence Vendor-06/07/2021 Ready for Review-Please see copy of lease to go with the two months checks previously provided.  Thank you - Seller-06/07/2021 Open-DU line item 13 under credit and liabilities requires the amount of the rental housing expense to be verified and documented. Acceptable documentation includes, but is not limited to one of the following: a direct verification from a management company or individual landlord, six months cancelled checks/equivalent payment source, six months bank statements reflecting a clear and consistent payment to an organization or individual, a copy of a current fully executed lease agreement and two months cancelled checks/equivalent payment source. Condition remains, only two months checks provided. - Due Diligence Vendor-06/07/2021 Ready for Review-See attached rent checks (already in file) from the borrower to verify monthly rent payment of $1,250.00. First check dated 01/22/21 in the amount of $403.23 is for 10 days of prorated rent for the month of January and indicates 'Rent (1900 Dexter)' in the memo line. The second check dated 02/08/21 in the amount of $1,250.00 is for the entire month of February and indicates 'February Rent' in the memo line. - Seller-06/04/2021 Open-Borrower is renting primary residence. Missing verification of the monthly rent payment of $1,250.00. - Due Diligence Vendor-05/30/2021 Open-Borrower is renting primary residence.  Missing verification of the monthly rent payment of $1,250.00. - Due Diligence Vendor-05/25/2021

Ready for Review-Please see copy of lease to go with the two months checks previously provided.  Thank you - Seller-06/07/2021  Ready for Review-See attached rent checks (already in file) from the borrower to verify monthly rent payment of $1,250.00. First check dated 01/22/21 in the amount of $403.23 is for 10 days of prorated rent for the month of January and indicates 'Rent (XXX)' in the memo line. The second check dated 02/08/21 in the amount of $1,250.00 is for the entire month of February and indicates 'February Rent' in the memo line. - Seller-06/04/2021

Resolved-Lease agreement with copy of checks provided. - Due Diligence Vendor-06/07/2021

XXX_XXXvXXX.pdf XXX - Residential Lease Agreement 20210121.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$548,250.00

TX

Investment

Refinance

Cash Out - Other

494468740

D

A

D

A

A

A

A

A

Closed

FCRE1168

2021-06-02 17:19

2021-06-02 17:47

Resolved

3 - Material

C

A

Credit

Insurance

Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage is less than all Subject Lien(s) and Replacement Cost Value Provided

Resolved-RCE provided showing adequate coverage was obtained. - Due Diligence Vendor-06/02/2021 Ready for Review-Replacement Cost Estimator has been received and uploaded. - Seller-06/02/2021 Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $189243 is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $0. Internal form provided indicating required minimum coverage is $201750. Replacement cost estimator not provided.  - Due Diligence Vendor-06/01/2021 Ready for Review-Current Insurance Policy was found in file and has been uploaded. - Seller-05/28/2021 Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $185229 is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $0 - Due Diligence Vendor-05/26/2021 Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $185,229 is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $0.  The total liens equal $548,250.00.  The declaration page does not list guaranteed replacement cost.  File did not contain a cost to replace new calculation - Due Diligence Vendor-05/25/2021

Ready for Review-Replacement Cost Estimator has been received and uploaded. - Seller-06/02/2021  Ready for Review-Current Insurance Policy was found in file and has been uploaded. - Seller-05/28/2021

Resolved-RCE provided showing adequate coverage was obtained. - Due Diligence Vendor-06/02/2021

505531259 XXX - Insurance Policy.pdf 505531259 XXX - Insurance Worksheet.pdf 505531259 XXX - Replacement Cost Estimator.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$548,250.00

TX

Investment

Refinance

Cash Out - Other

494468566

C

A

A

A

A

A

C

A

Closed

FPRO9939

2021-05-27 20:11

2021-05-30 05:45

Resolved

1 - Information

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 4) - Due Diligence Vendor-05/27/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$216,000.00

MT

Investment

Refinance

Rate and Term

494468280

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$300,000.00

CA

Investment

Refinance

Cash Out - Other

494468205

D

A

A

A

A

A

D

A

Closed

FPRO1244

2021-06-01 17:45

2021-06-01 19:54

Resolved

3 - Material

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021 Open-CU score was not provided on DU approved loan. - Due Diligence Vendor-06/01/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$310,000.00

CA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494467801

D

A

D

A

A

A

D

A

Closed

FCRE7497

2021-06-04 20:34

2021-06-07 14:29

Resolved

3 - Material

D

A

Credit

Missing Doc

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

Resolved-Taxes and insurance documentation provided. - Due Diligence Vendor-06/07/2021 Ready for Review-Agree with finding: Please see attached HOI policy for XXX, and XXX. For  property located at the XXX, the property is free and clear and is currently under construction therefore, it does not required HOI.  - Seller-06/04/2021 Open-missing verification of the insurance and taxes for the properties located at XXX. - Due Diligence Vendor-05/22/2021

Ready for Review-Agree with finding: Please see attached HOI policy for XXX, and XXX. For  property located at the XXX, the property is free and clear and is currently under construction therefore, it does not required HOI.  - Seller-06/04/2021

Resolved-Taxes and insurance documentation provided. - Due Diligence Vendor-06/07/2021

XXX.pdf XXX - Treasurer-Tax Collector XXX.pdf XXX.pdf XXX - Treasurer-Tax Collector XXX.pdf XXX - Treasurer-Tax Collector XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$600,000.00

CA

Investment

Purchase

NA

494467801

D

A

D

A

A

A

D

A

Closed

FPRO1244

2021-05-26 02:50

2021-05-30 05:35

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/26/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$600,000.00

CA

Investment

Purchase

NA

494467219

C

B

C

A

B

B

C

A

Closed

FCOM7646

2021-05-22 12:49

2021-06-08 19:49

Acknowledged

2 - Non-Material

B

B

Compliance

QM-ATR

Originator QM Designation Differs From Final QM Status

Acknowledged-Evidence in the loan file results in determination of Consumer Purpose, full compliance review was conducted, and QM: GSE Temporary QM – SH was validated as true. - Due Diligence Vendor-06/08/2021 Open-Originator QM Designation Of ATR/QM: Not Applicable Differs From Final QM Status Of QM: Safe Harbor (SH). Cash out purpose letter in file states borrower will use cash out proceeds for rental property, paying off high interest student loans and possible investments.  - Due Diligence Vendor-05/22/2021

Acknowledged-Evidence in the loan file results in determination of Consumer Purpose, full compliance review was conducted, and QM: GSE Temporary QM – SH was validated as true. - Due Diligence Vendor-06/08/2021

"QM: GSE Temporary QM - SH"

"QM: GSE Temporary QM - SH"

$385,000.00

ID

Investment

Refinance

Cash Out - Other

494467219

C

B

C

A

B

B

C

A

Closed

FCRE1168

2021-05-26 18:51

2021-06-02 15:56

Resolved

3 - Material

C

A

Credit

Insurance

Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage is less than all Subject Lien(s) and Replacement Cost Value Provided

Resolved-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is greater than Cash value as provided on Replacement Cost Estimator of $XXX. - Due Diligence Vendor-06/02/2021 Open-Dwelling coverage $XXX is less then Replacement cost estimate of $XXX. - Due Diligence Vendor-06/02/2021 Ready for Review-Replacement Cost Estimator has been received and uploaded. - Seller-05/26/2021 Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $XXX - Due Diligence Vendor-05/21/2021 Open-No evidence of Replacement Cost or expanded coverage in file. - Due Diligence Vendor-05/19/2021 Open-No evidence of Replacement Cost or expanded coverage in file. - Due Diligence Vendor-05/19/2021 Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $XXX - Due Diligence Vendor-05/19/2021

Ready for Review-Replacement Cost Estimator has been received and uploaded. - Seller-05/26/2021

Resolved-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $315180 is greater than Cash value as provided on Replacement Cost Estimator of $310628. - Due Diligence Vendor-06/02/2021

XXX XXX Replacement Cost Estimator.pdf

"QM: GSE Temporary QM - SH"

"QM: GSE Temporary QM - SH"

$385,000.00

ID

Investment

Refinance

Cash Out - Other

494467219

C

B

C

A

B

B

C

A

Closed

FPRO5405

2021-05-22 12:51

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible). Desk review pending. - Due Diligence Vendor-05/22/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"QM: GSE Temporary QM - SH"

"QM: GSE Temporary QM - SH"

$385,000.00

ID

Investment

Refinance

Cash Out - Other

494467173

B

B

A

A

B

B

A

A

Closed

FCOM8844

2021-05-21 14:51

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/24/2021 Open-CD shows that all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes).  - Due Diligence Vendor-05/21/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$330,000.00

CA

Investment

Refinance

Cash Out - Other

494465409

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-22 16:25

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/25/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/22/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/25/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$188,000.00

WA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494465142

D

B

D

A

B

B

A

A

Closed

FCRE7497

2021-05-28 17:50

2021-06-02 16:22

Resolved

3 - Material

D

A

Credit

Missing Doc

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

Resolved-CD provided showing loan was refied with Flagstar and qualified at a higher monthly payment than actual. - Due Diligence Vendor-06/02/2021 Ready for Review-See attached post-consummation Closing Disclosure for XXX for the primary residence. Monthly present housing payment = $4790.75. Subject loan was qualified with a monthly present housing payment of $4908.65. AUS resubmission is not required. - Seller-05/28/2021 Open-Missing documentation to support the primary residence expense for the borrowers.  property is located at XXx. - Due Diligence Vendor-05/21/2021

Ready for Review-See attached post-consummation Closing Disclosure for Flagstar Bank loan XXX for the primary residence. Monthly present housing payment = $4790.75. Subject loan was qualified with a monthly present housing payment of $4908.65. AUS resubmission is not required. - Seller-05/28/2021

Resolved-CD provided showing loan was refied with Flagstar and qualified at a higher monthly payment than actual. - Due Diligence Vendor-06/02/2021

XXX_XXX_PrimaryHousing.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$460,000.00

CA

Investment

Refinance

Cash Out - Other

494465142

D

B

D

A

B

B

A

A

Closed

FCOM8844

2021-05-21 20:38

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/25/2021 Open-CD shows that all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes).  - Due Diligence Vendor-05/21/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/25/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$460,000.00

CA

Investment

Refinance

Cash Out - Other

494464718

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$129,000.00

MT

Investment

Purchase

NA

494463695

C

A

C

A

A

A

A

A

Closed

FCRE1160

2021-06-02 18:21

2021-06-02 19:23

Resolved

3 - Material

C

A

Credit

Insurance

Hazard Insurance Expiration Date is before the Note Date

Resolved-Hazard Insurance Expiration Date of 08-XX-2021 is after the Note Date of 04-XX-2021 Or Hazard Insurance Expiration Date Is Not Provided - Due Diligence Vendor-06/02/2021 Open-Hazard Insurance Expiration Date of 04-XX-2021 is prior to or equal to the Note Date of 04-XX-2021 - Due Diligence Vendor-06/02/2021 Ready for Review-6/2/2021 Disagree - the Hazard insurance had been provided . please review  - Seller-06/02/2021 Open-Hazard Insurance Expiration Date of 04-XX-2021 is prior to or equal to the Note Date of 04-XX-2021 - Due Diligence Vendor-05/28/2021

Ready for Review-6/2/2021 Disagree - the Hazard insurance had been provided . please review  - Seller-06/02/2021

Resolved-Hazard Insurance Expiration Date of 08-XX-2021 is after the Note Date of 04-XX-2021 Or Hazard Insurance Expiration Date Is Not Provided - Due Diligence Vendor-06/02/2021

XXX XXX -Replacement cost estimator.pdf XXX XXX -hazard insurance.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$259,000.00

CA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494463675

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-24 20:33

2021-06-01 23:22

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/25/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/24/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/25/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$236,250.00

NV

Investment

Purchase

NA

494462949

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$96,600.00

FL

Investment

Purchase

NA

494461937

D

A

D

A

A

A

C

A

Closed

FCRE3466

2021-06-02 14:14

2021-06-02 15:36

Resolved

3 - Material

D

A

Credit

Missing Doc

Missing evidence of sufficient insurance for condo project

Resolved-Certificate with GRC provided. - Due Diligence Vendor-06/02/2021 Ready for Review-The Certificate of Insurance was found in file and has been uploaded, the Description of Operations box it states 125% Guaranteed Replacement Cost. - Seller-06/02/2021 Open-COVERAGE AMOUNT IS LESS THAN $1M  - Due Diligence Vendor-05/26/2021

Ready for Review-The Certificate of Insurance was found in file and has been uploaded, the Description of Operations box it states 125% Guaranteed Replacement Cost. - Seller-06/02/2021

Resolved-Certificate with GRC provided. - Due Diligence Vendor-06/02/2021

XXX XXX - Certificate of Insurance.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$108,000.00

CA

Investment

Purchase

NA

494461937

D

A

D

A

A

A

C

A

Closed

FCRE1440

2021-06-02 13:33

2021-06-02 14:52

Resolved

3 - Material

C

A

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-06/02/2021 Ready for Review-HOA document is located in the file showing HOA monthly fee is 250. Please see attachment.  - Seller-06/02/2021 Open-Housing History Does Not Meet Guideline Requirements.  Missing HOA documents for XXX. - Due Diligence Vendor-05/27/2021

Ready for Review-HOA document is located in the file showing HOA monthly fee is 250. Please see attachment.  - Seller-06/02/2021

Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-06/02/2021

XXX - XXX - HOA.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$108,000.00

CA

Investment

Purchase

NA

494461937

D

A

D

A

A

A

C

A

Closed

FCRE7497

2021-06-02 14:03

2021-06-02 14:49

Resolved

3 - Material

D

A

Credit

Missing Doc

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

Resolved-HOA info provided - Due Diligence Vendor-06/02/2021 Ready for Review-HOA documentation is located in the file. Please see attachments - Seller-06/02/2021 Open-Missing verification of HOA dues for the following REOs: 1-XXX 2- XXX 3- XXX - Due Diligence Vendor-05/25/2021

Ready for Review-HOA documentation is located in the file. Please see attachments - Seller-06/02/2021

Resolved-HOA info provided - Due Diligence Vendor-06/02/2021

XXX - XXX - HOA.pdf XXX - XXX -  HOA XXX.pdf XXX - XXX - HOA XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$108,000.00

CA

Investment

Purchase

NA

494461937

D

A

D

A

A

A

C

A

Closed

FPRO9939

2021-05-27 14:38

2021-05-30 05:45

Resolved

1 - Information

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 999) - Due Diligence Vendor-05/27/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$108,000.00

CA

Investment

Purchase

NA

494461652

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-20 13:56

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/20/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$192,750.00

CA

Investment

Refinance

Rate and Term

494461617

C

B

A

A

B

B

C

A

Closed

FPRO9939

2021-05-28 21:53

2021-05-31 16:06

Resolved

3 - Material

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 3.7) - Due Diligence Vendor-05/28/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$260,000.00

CA

Investment

Refinance

Cash Out - Other

494461617

C

B

A

A

B

B

C

A

Closed

FCOM8844

2021-05-28 20:42

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021  Acknowledged-Loan would be valid as GSE SH. - Due Diligence Vendor-05/29/2021 Open-File is missing the cash out letter stating the purpose of the cash out. - Due Diligence Vendor-05/28/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021  Acknowledged-Loan would be valid as GSE SH. - Due Diligence Vendor-05/29/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$260,000.00

CA

Investment

Refinance

Cash Out - Other

494461333

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$183,000.00

TN

Investment

Purchase

NA

494461330

D

A

A

A

A

A

D

A

Closed

FPRO1244

2021-05-22 13:11

2021-05-30 05:35

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/22/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$128,000.00

CA

Investment

Purchase

NA

494460428

B

B

A

A

B

B

A

A

Closed

FCOM7646

2021-05-30 03:39

2021-06-08 21:11

Acknowledged

2 - Non-Material

B

B

Compliance

QM-ATR

Originator QM Designation Differs From Final QM Status

Acknowledged-Evidence in the loan file results in determination of Consumer Purpose, full compliance review was conducted, and QM: GSE Temporary QM – SH was validated as true. - Due Diligence Vendor-06/01/2021 Open-Originator QM Designation Of ATR/QM: Not Applicable Differs From Final QM Status Of ATR/QM: Status Pending - Due Diligence Vendor-05/30/2021

Acknowledged-Evidence in the loan file results in determination of Consumer Purpose, full compliance review was conducted, and QM: GSE Temporary QM – SH was validated as true. - Due Diligence Vendor-06/01/2021

"QM: GSE Temporary QM - SH"

"QM: GSE Temporary QM - SH"

$90,000.00

FL

Investment

Refinance

Cash Out - Other

494460370

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$112,000.00

NE

Investment

Refinance

No Cash Out - Lender Initiated

494460051

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$297,000.00

CA

Investment

Purchase

NA

494459830

D

A

D

A

D

A

A

A

Closed

FCOM1544

2021-06-02 20:47

2021-06-03 15:54

Resolved

3 - Material

D

A

Compliance

Missing Doc - CD

TRID: Missing Final Closing Disclosure

Resolved-TRID: Final Closing Disclosure Provided - Due Diligence Vendor-06/03/2021 Ready for Review-Final CD and Final Settlement Statement have been uploaded. - Seller-06/02/2021 Open-TRID: Missing Final Closing Disclosure- preliminary testing performed from post-closing edition. - Due Diligence Vendor-06/01/2021 Open-TRID: Missing Final Closing Disclosure- preliminary testing performed from post-closing edition. - Due Diligence Vendor-06/01/2021 Open-TRID: Missing Final Closing Disclosure - Due Diligence Vendor-06/01/2021 Open-TRID: Missing Final Closing Disclosure- preliminary testing performed from post-closing edition. - Due Diligence Vendor-06/01/2021

Ready for Review-Final CD and Final Settlement Statement have been uploaded. - Seller-06/02/2021

Resolved-TRID: Final Closing Disclosure Provided - Due Diligence Vendor-06/03/2021

XXX XXX - FINAL SETTLEMENT STATEMENT.pdf XXX XXX - REVISED FINAL CD.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$294,000.00

CA

Investment

Purchase

NA

494459830

D

A

D

A

D

A

A

A

Closed

FCRE1186

2021-06-02 18:12

2021-06-02 19:59

Resolved

3 - Material

C

A

Credit

Eligibility

Audited DTI Exceeds AUS DTI

Resolved-DTI 38.09% within tolerance of AUS DTI 35.76% - Due Diligence Vendor-06/02/2021 Resolved-Audited DTI of 38.09% exceeds AUS DTI of 35.76%  - Due Diligence Vendor-06/02/2021 Ready for Review-6/2: AUS DTI ratio of 35.76% is slightly understated based on subject negative cash flow calculation. DTI ratio calculates to 36.6% when using subject negative cash flow of $518.44 (versus ncf of $443.44). The revised calculation of negative $518.44 is based on 75% of market rent stated by appraiser. DTI ratio is within agency tolerance that does not require AUS resubmission. - Seller-06/02/2021 Open-Audited DTI of 41.65% exceeds AUS DTI of 35.76%. Preliminary calculations taken from lender's worksheets in file with final DTI examination pending receipt of same. - Due Diligence Vendor-06/01/2021 Open-Audited DTI of 41.65% exceeds AUS DTI of 35.76%. Preliminary calculations taken from lender's worksheets in file with final DTI examination pending receipt of same. - Due Diligence Vendor-06/01/2021

Ready for Review-6/2: AUS DTI ratio of 35.76% is slightly understated based on subject negative cash flow calculation. DTI ratio calculates to 36.6% when using subject negative cash flow of $518.44 (versus ncf of $443.44). The revised calculation of negative $518.44 is based on 75% of market rent stated by appraiser. DTI ratio is within agency tolerance that does not require AUS resubmission. - Seller-06/02/2021

Resolved-Audited DTI of 38.09% exceeds AUS DTI of 35.76%  - Due Diligence Vendor-06/02/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$294,000.00

CA

Investment

Purchase

NA

494459830

D

A

D

A

D

A

A

A

Closed

FCRE1964

2021-06-02 18:05

2021-06-02 19:58

Resolved

3 - Material

D

A

Credit

Missing Doc

Missing income documentation

Resolved-PITIA components provided. - Due Diligence Vendor-06/02/2021 Ready for Review-Disagree. File contained verification of the PITI expense for the properties in question (see attached). Primary housing payment for property at XXX of $2,647.62 was based on XX $1,919.82, XXX HELOC of $303.45, HOI of $67, and taxes of $357.35. This supports primary housing expense used for qualifying and housing ratio. PITI expense of $4,018.29 for property at XXX was based on XX $2,895.85, HOI/Fire of $133, HOI/Earthquake of $135.25, and taxes of $854.19. This supports positive rental calculation used for this property of $868.17 per month. PITI expense of $6,377.61 for property atXXX was based on XXX $3,810.05, HOI of $339.09, and taxes of $2,228.47. This supports rental calculation used for this property of $3,325.34 per month. Rental loss used in calculation for XXX property was -$81.50. Rental loss used in calculation for XXX property was -$3,141.04. - Seller-06/02/2021 Open-File does not contain verification of mortgage payment amount includes escrows for properties at XXX.  Preliminary calculations taken from lender's worksheets in file with final DTI examination pending receipt of same. - Due Diligence Vendor-06/01/2021 Open-File does not contain verification of mortgage payment amount for properties at XXX.  Preliminary calculations taken from lender's worksheets in file with final DTI examination pending receipt of same. - Due Diligence Vendor-06/01/2021

Ready for Review-Disagree. File contained verification of the PITI expense for the properties in question (see attached). Primary housing payment for property at XXX of $2,647.62 was based on WF $1,919.82, XXX HELOC of $303.45, HOI of $67, and taxes of $357.35. This supports primary housing expense used for qualifying and housing ratio. PITI expense of $4,018.29 for property at XXX was based on XX $2,895.85, HOI/Fire of $133, HOI/Earthquake of $135.25, and taxes of $854.19. This supports positive rental calculation used for this property of $868.17 per month. PITI expense of $6,377.61 for property at XXX was based on XXX $3,810.05, HOI of $339.09, and taxes of $2,228.47. This supports rental calculation used for this property of $3,325.34 per month. Rental loss used in calculation for XXX property was -$81.50. Rental loss used in calculation for XXX property was -$3,141.04. - Seller-06/02/2021

Resolved-PITIA components provided. - Due Diligence Vendor-06/02/2021

XXX_XXX_REO.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$294,000.00

CA

Investment

Purchase

NA

494459699

D

A

A

A

D

A

A

A

Closed

FCOM1229

2021-06-02 15:32

2021-06-02 17:54

Resolved

3 - Material

D

A

Compliance

Missing Doc - Closing Package

1-4 Family Rider is Missing

Resolved-Rider provided as conditioned. - Due Diligence Vendor-06/02/2021 Ready for Review-6/02/2021 Disagree - the 1-4 Family rider had been provided . please review  - Seller-06/02/2021 Open-1-4 Family Rider is Missing - Due Diligence Vendor-05/27/2021

Ready for Review-6/02/2021 Disagree - the 1-4 Family rider had been provided . please review  - Seller-06/02/2021

Resolved-Rider provided as conditioned. - Due Diligence Vendor-06/02/2021

XXX XXX- family rider.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$88,000.00

IL

Investment

Purchase

NA

494459699

D

A

A

A

D

A

A

A

Closed

FCOM1220

2021-06-02 15:32

2021-06-02 17:53

Resolved

3 - Material

D

A

Compliance

Missing Doc - Closing Package

The Deed of Trust is Missing

Resolved-Provided as conditioned with all riders - Due Diligence Vendor-06/02/2021 Ready for Review-6/2/2021 Disagree - the deed of trust had been provided - please review  - Seller-06/02/2021 Open-The Deed of Trust is Missing - Due Diligence Vendor-05/28/2021

Ready for Review-6/2/2021 Disagree - the deed of trust had been provided - please review  - Seller-06/02/2021

Resolved-Provided as conditioned with all riders - Due Diligence Vendor-06/02/2021

XXX XXX- family rider.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$88,000.00

IL

Investment

Purchase

NA

494459665

C

B

C

A

C

A

B

B

Closed

FCOM2275

2021-05-27 19:00

2021-06-02 16:55

Resolved

3 - Material

C

A

Compliance

TRID

Final CD: Loan Amount is missing or is inaccurate

Resolved-Provided as conditioned. - Due Diligence Vendor-06/02/2021 Ready for Review-CD signed at closing - Seller-05/27/2021 Open-SIGNED FINAL CD IS MISSING - Due Diligence Vendor-05/26/2021

Ready for Review-CD signed at closing - Seller-05/27/2021

Resolved-Provided as conditioned. - Due Diligence Vendor-06/02/2021

funding CD signed.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$297,000.00

CA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494459665

C

B

C

A

C

A

B

B

Closed

FCRE1440

2021-05-27 17:05

2021-06-02 16:53

Resolved

3 - Material

C

A

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Provided as conditioned. - Due Diligence Vendor-06/02/2021 Ready for Review-Please see attached documentation - copy of note, title showing taxes, insurance and CD showing 2nd was paid off.   Also please see page of appraisal from previous loan on property showing it is SFR, no HOA. - Seller-05/27/2021 Open-Housing History Does Not Meet Guideline Requirements.  Need proof payment to primary residence which looks to be a loan concurrently closing.  2nd mortgage payment of $267.90 was not counted in payment and would need proof that this is also $0 balance.   - Due Diligence Vendor-05/26/2021

Ready for Review-Please see attached documentation - copy of note, title showing taxes, insurance and CD showing 2nd was paid off.   Also please see page of appraisal from previous loan on property showing it is SFR, no HOA. - Seller-05/27/2021

Resolved-Provided as conditioned. - Due Diligence Vendor-06/02/2021

XXX CD XXX.pdf XXX note XXX.pdf XXX ins XXX.pdf XXX page of appraisal XXX.pdf XXX title XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$297,000.00

CA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494459665

C

B

C

A

C

A

B

B

Closed

FPRO1498

2021-05-26 18:44

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/27/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/26/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/27/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$297,000.00

CA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494458986

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$292,200.00

CA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494458730

B

B

A

A

B

B

B

B

Closed

FPRO1498

2021-05-19 15:50

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/19/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$378,000.00

CA

Investment

Refinance

Cash Out - Other

494458730

B

B

A

A

B

B

B

B

Closed

FCOM8844

2021-05-19 18:07

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/20/2021 Open-CD shows that all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes).  - Due Diligence Vendor-05/19/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/20/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$378,000.00

CA

Investment

Refinance

Cash Out - Other

494458490

C

A

A

A

A

A

C

A

Closed

FPRO9939

2021-05-21 13:45

2021-06-07 19:41

Resolved

1 - Information

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-06/07/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 4.6) - Due Diligence Vendor-05/21/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/07/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$104,000.00

NJ

Investment

Purchase

NA

494458034

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-29 06:01

2021-05-31 15:45

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/29/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$61,625.00

GA

Investment

Purchase

NA

494456477

C

A

A

A

A

A

C

A

Closed

FPRO9939

2021-05-22 14:49

2021-05-30 05:45

Resolved

1 - Information

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 3) - Due Diligence Vendor-05/22/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$135,000.00

FL

Investment

Refinance

Cash Out - Other

494454951

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$300,000.00

OR

Investment

Refinance

Cash Out - Other

494454310

C

A

C

A

A

A

C

A

Closed

FCRE1168

2021-05-27 15:37

2021-06-02 17:07

Resolved

3 - Material

C

A

Credit

Insurance

Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage is less than all Subject Lien(s) and Replacement Cost Value Provided

Resolved-Hazard Insurance Coverage Amount of $XXX is equal to or greater than all Subject Lien(s) and/or Replacement Cost Estimator is provided and Hazard Insurance Coverage Amount is equal to or greater than Replacement Cost Value of $XXX - Due Diligence Vendor-06/02/2021 Resolved-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $XXX - Due Diligence Vendor-06/01/2021 Ready for Review-Insurance plus replacement cost estimator - Seller-05/27/2021 Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $XXX - Due Diligence Vendor-05/26/2021 Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $XXX - Due Diligence Vendor-05/21/2021

Ready for Review-Insurance plus replacement cost estimator - Seller-05/27/2021

Resolved-Hazard Insurance Coverage Amount of $XXX is equal to or greater than all Subject Lien(s) and/or Replacement Cost Estimator is provided and Hazard Insurance Coverage Amount is equal to or greater than Replacement Cost Value of $XXX - Due Diligence Vendor-06/02/2021 Resolved-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $XXX - Due Diligence Vendor-06/01/2021

Insurance plus replacement Cost.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$319,920.00

FL

Investment

Purchase

NA

494454310

C

A

C

A

A

A

C

A

Closed

FPRO5405

2021-05-26 19:17

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/26/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$319,920.00

FL

Investment

Purchase

NA

494454222

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-24 20:42

2021-06-08 12:08

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or -XX% variance. Finding resolved. - Due Diligence Vendor-06/08/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/24/2021

Resolved-Desk review provided with a value of $XX or -XX% variance. Finding resolved. - Due Diligence Vendor-06/08/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$232,500.00

NJ

Investment

Refinance

Cash Out - Other

494454221

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-20 00:56

2021-06-07 19:36

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/07/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible). Desk review pending. - Due Diligence Vendor-05/20/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/07/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$326,250.00

NJ

Investment

Refinance

Cash Out - Other

494453992

D

A

D

A

A

A

A

A

Closed

FCRE1503

2021-06-02 15:39

2021-06-02 17:56

Resolved

3 - Material

D

A

Credit

Missing Doc - Credit

Mortgage Statement(s) Missing

Resolved-CD provided showing purchase and escrows - Due Diligence Vendor-06/02/2021 Ready for Review-The property at XXX was purchased 03/01/21. See attached Closing Disclosure which documents the terms of the mortgage: $1886.76/month including escrow. - Seller-06/02/2021 Open-Missing documentation of primary residence expense at XXX including PITIA. - Due Diligence Vendor-05/31/2021

Ready for Review-The property at XXX was purchased 03/01/21. See attached Closing Disclosure which documents the terms of the mortgage: $1886.76/month including escrow. - Seller-06/02/2021

Resolved-CD provided showing purchase and escrows - Due Diligence Vendor-06/02/2021

XXX_XXX_XXX_XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$126,500.00

IA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494453899

C

B

C

A

A

A

B

B

Closed

FCRE1159

2021-05-20 15:01

2021-05-30 05:59

Resolved

3 - Material

C

A

Credit

Insurance

Hazard Insurance Effective Date is after the Note Date

Resolved-Prior hazard insurance policy provided with coverage from 3/XX/2020-3/XX/2021 - Due Diligence Vendor-05/21/2021 Resolved-Hazard Insurance Effective Date of 03-XX-2020 is prior to or equal to the Note Date of 03-XX-2021 Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-05/21/2021 Ready for Review-The Certificate of Insurance with coverage effective of 03-XX-2020 thru 03-XX-2021 was found in file and has been uploaded. - Seller-05/20/2021 Open-Hazard Insurance Effective Date of 03-XX-2021 is after the Note Date of 03-XX-2021 - Due Diligence Vendor-05/18/2021

Ready for Review-The Certificate of Insurance with coverage effective of 03-XX-2020 thru 03-XX-2021 was found in file and has been uploaded. - Seller-05/20/2021

Resolved-Prior hazard insurance policy provided with coverage from 3/XX/2020-3/XX/2021 - Due Diligence Vendor-05/21/2021  Resolved-Hazard Insurance Effective Date of 03-XX-2020 is prior to or equal to the Note Date of 03-XX-2021 Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-05/21/2021

XXX XXX - Certificate of Insurance.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$201,200.00

UT

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494453899

C

B

C

A

A

A

B

B

Closed

FPRO1498

2021-05-18 13:15

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/18/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$201,200.00

UT

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494453742

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-29 06:06

2021-06-02 00:59

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-06/02/2021 Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-06/02/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-FHLMC is Not Eligible and a third party review product was not provided.   - Due Diligence Vendor-05/29/2021

Resolved-Desk review provided with a value of $XXXor XX% variance. Finding resolved. - Due Diligence Vendor-06/02/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/02/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$213,900.00

CA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494453199

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$348,750.00

FL

Investment

Purchase

NA

494453173

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$525,000.00

MA

Investment

Purchase

NA

494452961

C

A

A

A

A

A

C

A

Closed

FPRO9939

2021-05-19 14:15

2021-05-30 04:36

Resolved

3 - Material

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 3.2). Desk review pending. - Due Diligence Vendor-05/19/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 3.2) - Due Diligence Vendor-05/19/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 3.2) - Due Diligence Vendor-05/19/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$480,000.00

OR

Investment

Purchase

NA

494452832

C

A

C

A

A

A

C

A

Closed

FCRE1186

2021-05-21 21:05

2021-06-08 19:07

Resolved

3 - Material

C

A

Credit

Eligibility

Audited DTI Exceeds AUS DTI

Resolved-Audited DTI of 41.93% is less than or equal to AUS DTI of 41.93%  - Due Diligence Vendor-06/08/2021 Resolved-DTI updated using form 1007 for rental income. - Due Diligence Vendor-05/22/2021 Resolved-Audited DTI of 20.35% exceeds AUS DTI of 20.24%  - Due Diligence Vendor-05/22/2021 Ready for Review-Please see attached FNMA guidelines, chart on page 2.  The market rent off the 1007 is what is required to document rental income.  1007 shows  $4600/mo rental income, so 75% ($3450) can be used as qualifying rental income for subject. - Seller-05/21/2021 Open-Audited DTI of 27.81% exceeds AUS DTI of 20.24%.  7.57% variance due to Lender including Rental Income for Subject Property.  No evidence included in file. - Due Diligence Vendor-05/20/2021 Open-7.57% variance due to Lender including Rental Income for Subject Property.  No evidence included in file. - Due Diligence Vendor-05/20/2021 Open-Audited DTI of 27.81% exceeds AUS DTI of 20.24%  - Due Diligence Vendor-05/20/2021

Ready for Review-Please see attached FNMA guidelines, chart on page 2.  The market rent off the 1007 is what is required to document rental income.  1007 shows  $4600/mo rental income, so 75% ($3450) can be used as qualifying rental income for subject. - Seller-05/21/2021

Resolved-Audited DTI of 41.93% is less than or equal to AUS DTI of 41.93%  - Due Diligence Vendor-06/08/2021 Resolved-DTI updated using form 1007 for rental income. - Due Diligence Vendor-05/22/2021  Resolved-Audited DTI of 20.35% exceeds AUS DTI of 20.24%  - Due Diligence Vendor-05/22/2021

XXX XXX FNMA.pdf XXX XXX 1007.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$723,750.00

CA

Investment

Purchase

NA

494452832

C

A

C

A

A

A

C

A

Closed

FPRO9939

2021-05-20 19:02

2021-05-30 05:45

Resolved

1 - Information

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 3) - Due Diligence Vendor-05/20/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$723,750.00

CA

Investment

Purchase

NA

494452429

D

A

D

A

D

A

A

A

Closed

FCOM1544

2021-05-26 12:54

2021-06-02 16:01

Resolved

3 - Material

D

A

Compliance

Missing Doc - CD

TRID: Missing Final Closing Disclosure

Resolved-Provided as conditioned - Due Diligence Vendor-06/02/2021 Ready for Review-CD Signed at Closing - Seller-05/26/2021 Open-TRID: Missing Final Closing Disclosure - Due Diligence Vendor-05/24/2021

Ready for Review-CD Signed at Closing - Seller-05/26/2021

Resolved-Provided as conditioned - Due Diligence Vendor-06/02/2021

XXX Signed CD.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$195,000.00

CA

Investment

Purchase

NA

494452429

D

A

D

A

D

A

A

A

Closed

FCRE1145

2021-05-25 19:34

2021-05-30 06:58

Resolved

3 - Material

D

A

Credit

Missing Doc - Title

Title Document Missing

Resolved-Final Title Policy Provided. Finding Resolved. - Due Diligence Vendor-05/30/2021  Resolved-Title Document is fully Present - Due Diligence Vendor-05/27/2021 Ready for Review-Final Title Policy attached - Seller-05/25/2021 Open-Title Document is missing - Due Diligence Vendor-05/24/2021

Ready for Review-Final Title Policy attached - Seller-05/25/2021

Resolved-Title Document is fully Present - Due Diligence Vendor-05/27/2021

Final Title Policy XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$195,000.00

CA

Investment

Purchase

NA

494452146

D

A

D

A

A

A

D

A

Closed

FCRE1186

2021-05-25 15:55

2021-05-30 05:54

Resolved

3 - Material

C

A

Credit

Eligibility

Audited DTI Exceeds AUS DTI

Resolved-Client sent updated AUS approval showing full payments for the respective properties being counted and eliminating the need for any further lease or tax return documentation. - Due Diligence Vendor-05/29/2021 Ready for Review-See attached appraisal and 1st payment letter for REO properties. Subject property used appraisal rental amount and cash flow of -342.63. REO at 157,1509, & 1511 was qualified with full PITI. Remaining REO is borrower primary residence, with PITI included in DTI - Seller-05/25/2021 Open-Audited DTI of 30.47% exceeds AUS DTI of 24.16%. Provide documentation for rental income. Reviewer used full payment. - Due Diligence Vendor-05/19/2021 Open-Audited DTI of 30.47% exceeds AUS DTI of 24.16%.   The file is missing the tax returns and the lease agreement for the subject property, unable to accurately determine the rental income.  The full PITI for the subject property was included in the DTI calculation. - Due Diligence Vendor-05/19/2021

Ready for Review-See attached appraisal and 1st payment letter for REO properties. Subject property used appraisal rental amount and cash flow of -342.63. REO at XXX,XXX, & XXX was qualified with full PITI. Remaining REO is borrower primary residence, with PITI included in DTI - Seller-05/25/2021

Resolved-Client sent updated AUS approval showing full payments for the respective properties being counted and eliminating the need for any further lease or tax return documentation. - Due Diligence Vendor-05/29/2021

XXX_XXX Appraisal.pdf XXX_XXX REO 1507.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$250,000.00

CA

Investment

Refinance

Cash Out - Other

494452146

D

A

D

A

A

A

D

A

Closed

FCRE1350

2021-05-25 15:39

2021-05-30 05:53

Resolved

3 - Material

D

A

Credit

Missing Doc - Income

Borrower 2 Personal Tax Returns Missing

Resolved-Client sent updated AUS approval showing full payments for the respective properties being counted and eliminating the need for any further lease or tax return documentation. - Due Diligence Vendor-05/29/2021 Ready for Review-See attached appraisal and 1st payment letter for REO properties. Subject property used appraisal rental amount and cash flow of -342.63. REO at 157,1509, & 1511 was qualified with full PITI. Remaining REO is borrower primary residence, with PITI included in DTI - Seller-05/25/2021 Open-Missing tax returns to document rental income. Reviewer unable to determine rental amounts on each property. - Due Diligence Vendor-05/19/2021 Open-Borrower 2 Personal Tax Returns Missing - Due Diligence Vendor-05/18/2021

Ready for Review-See attached appraisal and 1st payment letter for REO properties. Subject property used appraisal rental amount and cash flow of -342.63. REO at XXX,XXX, & XXX was qualified with full PITI. Remaining REO is borrower primary residence, with PITI included in DTI - Seller-05/25/2021

Resolved-Client sent updated AUS approval showing full payments for the respective properties being counted and eliminating the need for any further lease or tax return documentation. - Due Diligence Vendor-05/29/2021

505547853_XXX Appraisal.pdf 505547853_XXX REO 1507.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$250,000.00

CA

Investment

Refinance

Cash Out - Other

494452146

D

A

D

A

A

A

D

A

Closed

FCRE7347

2021-05-25 15:38

2021-05-30 05:53

Resolved

3 - Material

D

A

Credit

Missing Doc

Missing Lease Agreement

Resolved-Client sent updated AUS approval showing full payments for the respective properties being counted and eliminating the need for any further lease or tax return documentation. - Due Diligence Vendor-05/29/2021 Ready for Review-See attached appraisal and 1st payment letter for REO properties. Subject property used appraisal rental amount and cash flow of -342.63. REO at 157,1509, & 1511 was qualified with full PITI. Remaining REO is borrower primary residence, with PITI included in DTI - Seller-05/25/2021 Open-Missing the lease agreement for the subject property.  Unable to accurately determine the rental income/loss for the subject property.  The full PITI was included in the DTI calculations. - Due Diligence Vendor-05/19/2021

Ready for Review-See attached appraisal and 1st payment letter for REO properties. Subject property used appraisal rental amount and cash flow of -342.63. REO at XXX,XXX, & XXX was qualified with full PITI. Remaining REO is borrower primary residence, with PITI included in DTI - Seller-05/25/2021

Resolved-Client sent updated AUS approval showing full payments for the respective properties being counted and eliminating the need for any further lease or tax return documentation. - Due Diligence Vendor-05/29/2021

XXX Appraisal.pdf XXX REO 1507.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$250,000.00

CA

Investment

Refinance

Cash Out - Other

494452146

D

A

D

A

A

A

D

A

Closed

FPRO1244

2021-05-20 13:39

2021-05-30 05:35

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/20/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$250,000.00

CA

Investment

Refinance

Cash Out - Other

494452051

B

B

A

A

A

A

B

B

Closed

FPRO1498

2021-05-24 20:04

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/24/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/24/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$217,500.00

FL

Investment

Refinance

Rate and Term

494451899

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$126,750.00

NC

Investment

Purchase

NA

494451653

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-24 17:49

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/25/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible). Desk review pending. - Due Diligence Vendor-05/24/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XX or XX% variance. Finding resolved. - Due Diligence Vendor-05/25/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$435,000.00

CA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494451631

D

A

A

A

A

A

D

A

Closed

FPRO1244

2021-05-23 17:22

2021-05-30 05:35

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-Third party valuation report required. - Due Diligence Vendor-05/23/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$231,300.00

GA

Investment

Purchase

NA

494451616

D

A

D

A

A

A

A

A

Closed

FCRE1158

2021-05-27 13:03

2021-06-04 03:16

Resolved

3 - Material

D

A

Credit

Missing Doc - Insurance

Hazard Insurance Policy is Partial

Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-06/01/2021 Ready for Review-Complete Hazard Insurance Policy has been uploaded. - Seller-05/27/2021 Open-Hazard Insurance Policy Partially Provided - Due Diligence Vendor-05/25/2021

Ready for Review-Complete Hazard Insurance Policy has been uploaded. - Seller-05/27/2021

Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-06/01/2021

XXX - Insurance Policy.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$320,000.00

TX

Investment

Purchase

NA

494451616

D

A

D

A

A

A

A

A

Closed

FCRE1168

2021-06-03 20:06

2021-06-04 03:16

Resolved

3 - Material

C

A

Credit

Insurance

Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage is less than all Subject Lien(s) and Replacement Cost Value Provided

Resolved-Hazard Insurance Coverage Amount of $XXX is greater than provided Replacement Cost Value of $XXX. Finding resolved. - Due Diligence Vendor-06/04/2021 Ready for Review-Replacement Cost Estimator has been received and uploaded. - Seller-06/03/2021 Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $XXX - Due Diligence Vendor-06/01/2021

Ready for Review-Replacement Cost Estimator has been received and uploaded. - Seller-06/03/2021

Resolved-Hazard Insurance Coverage Amount of $XXX is greater than provided Replacement Cost Value of $XXX. Finding resolved. - Due Diligence Vendor-06/04/2021

XXX XXX - Replacement Cost Estimator.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$320,000.00

TX

Investment

Purchase

NA

494451331

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$174,375.00

AZ

Investment

Purchase

NA

494451293

C

B

A

A

A

A

C

B

Closed

FPRO5405

2021-05-25 19:40

2021-06-02 01:14

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-06/02/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/25/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/02/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$412,000.00

CA

Investment

Refinance

Rate and Term

494451293

C

B

A

A

A

A

C

B

Closed

FPRO1498

2021-05-25 19:28

2021-06-02 01:13

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/26/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/25/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/26/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$412,000.00

CA

Investment

Refinance

Rate and Term

494451282

D

B

A

A

B

B

D

A

Closed

FPRO1244

2021-05-29 19:38

2021-06-01 19:30

Resolved

3 - Material

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-CU score was not provided on DU approved loan. - Due Diligence Vendor-05/29/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$489,000.00

CA

Investment

Refinance

Cash Out - Other

494451282

D

B

A

A

B

B

D

A

Closed

FCOM8844

2021-05-29 19:33

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021 Open-Loan would have eligible as GSE SH. - Due Diligence Vendor-05/30/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). Full compliance testing conducted with LE’s and CD’s in file.  - Due Diligence Vendor-05/29/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$489,000.00

CA

Investment

Refinance

Cash Out - Other

494451244

B

B

A

A

A

A

B

B

Closed

FPRO1498

2021-05-21 15:05

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/27/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/21/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/27/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$185,650.00

CA

Investment

Refinance

No Cash Out - Lender Initiated

494451136

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-28 21:22

2021-05-31 15:21

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/28/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$249,750.00

NC

Investment

Purchase

NA

494450745

C

A

A

A

A

A

C

A

Closed

FPRO9939

2021-05-30 17:38

2021-06-01 15:21

Resolved

3 - Material

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 4) - Due Diligence Vendor-05/30/2021

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$161,990.00

TX

Investment

Purchase

NA

494450607

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$178,000.00

CA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494450543

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$273,750.00

CA

Investment

Purchase

NA

494450505

C

B

A

A

A

A

C

B

Closed

FPRO7466

2021-05-19 01:32

2021-05-30 04:33

Resolved

1 - Information

C

A

Property

Third Party Valuation

AVM Value(s) Do Not Adhere To Tolerance Criteria

Resolved-Exterior Only Appraisal was provided resulting in a value within a 10% tolerance. Finding resolved. - Due Diligence Vendor-05/30/2021  Resolved-Exterior Only Appraisal was provided resulting in a value within a 10% tolerance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-AVM value is $XXX or -XXX% variance. Exterior only appraisal pending. - Due Diligence Vendor-05/19/2021

Resolved-Exterior Only Appraisal was provided resulting in a value within a 10% tolerance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$333,000.00

CA

Investment

Refinance

Rate and Term

494450505

C

B

A

A

A

A

C

B

Closed

FPRO1498

2021-05-18 15:06

2021-05-30 04:33

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/18/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$333,000.00

CA

Investment

Refinance

Rate and Term

494450473

D

A

A

A

A

A

D

A

Closed

FCRE6546

2021-06-07 15:16

2021-06-07 15:34

Resolved

3 - Material

D

A

Property

Missing Doc

Missing legal documents for senior or subordinate lien

Resolved-Documents provided to verify lien payoff is for subject property. - Due Diligence Vendor-06/07/2021 Ready for Review-See attached AUS findings showing payoff toXXX is included as FNMA HomeEnergy refi limited C/O. Also provided is copy of FNMA guideline outlining acceptable terms for subject transaction  - Seller-06/07/2021 Open-Payoff of on Final CD to XXX for $XXX. Lien is not reflected on preliminary title, application, or credit report. Unable to determine if borrower is paying off a purchase money second, equity line, or another properties lien. If non purchase money second subject loan would be considered a cash out refinance. No business use of funds letter provided.  - Due Diligence Vendor-05/20/2021

Ready for Review-See attached AUS findings showing payoff to XXX is included as FNMA HomeEnergy refi limited C/O. Also provided is copy of FNMA guideline outlining acceptable terms for subject transaction  - Seller-06/07/2021

Resolved-Documents provided to verify lien payoff is for subject property. - Due Diligence Vendor-06/07/2021

XXX_XXX_AUS.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$509,500.00

CA

Investment

Refinance

Cash Out - Other

494450363

C

A

A

A

A

A

C

A

Closed

FPRO9939

2021-05-20 16:45

2021-05-30 05:45

Resolved

1 - Information

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or -XXX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 4.2) - Due Diligence Vendor-05/20/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or -XXX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$201,750.00

NV

Investment

Purchase

NA

494450291

D

B

D

A

C

B

A

A

Closed

FCOM7646

2021-05-28 18:22

2021-06-03 14:22

Acknowledged

3 - Material

B

B

Compliance

QM-ATR

Originator QM Designation Differs From Final QM Status

Acknowledged-Full regulatory testing was completed.  Issue found with fee disclosures but no issues with loan being valid as GSE SH. - Due Diligence Vendor-05/29/2021 Open-Originator QM Designation Of ATR/QM: Not Applicable Differs From Final QM Status Of ATR/QM: Status Pending.  the cash out letter in the file states the borrower will use a portion of the cash out to create reserves in an emergency fund. - Due Diligence Vendor-05/28/2021

Acknowledged-Full regulatory testing was completed.  Issue found with fee disclosures but no issues with loan being valid as GSE SH. - Due Diligence Vendor-05/29/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$138,960.00

LA

Investment

Refinance

Cash Out - Other

494450291

D

B

D

A

C

B

A

A

Closed

finding-3652

2021-06-01 11:43

2021-06-02 17:07

Resolved

3 - Material

C

A

Compliance

TRID

Lender Credits That Cannot Decrease Test

Resolved-COC provided as required - Due Diligence Vendor-06/02/2021 Ready for Review-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 ($879.62) does not exceed or equal the comparable sum of specific and non-specific lender credits ($1,095.00). 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). - Due Diligence Vendor-06/02/2021 Ready for Review-6/1/2021 Disagree - the compensation plan changed from borrower paid to lender paid .COC provided  - Seller-06/01/2021 Open-The lender credit decreased from $1,402.00 to $1,095.00 with no acceptable change of circumstance provided. - Due Diligence Vendor-05/28/2021 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 ($879.62) does not exceed or equal the comparable sum of specific and non-specific lender credits ($1,402.00). 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). - Due Diligence Vendor-05/28/2021

Ready for Review-6/1/2021 Disagree - the compensation plan changed from borrower paid to lender paid .COC provided  - Seller-06/01/2021

Resolved-COC provided as required - Due Diligence Vendor-06/02/2021

XXX XXX COC.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$138,960.00

LA

Investment

Refinance

Cash Out - Other

494450291

D

B

D

A

C

B

A

A

Closed

FCRE7497

2021-06-01 11:48

2021-06-02 16:56

Resolved

3 - Material

D

A

Credit

Missing Doc

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

Resolved-MTG stmt provided showing property is escrowed monthly - Due Diligence Vendor-06/02/2021 Ready for Review-6/1: Attached is a copy of the mortgage billing statement for the property at XXX confirming the payment includes escrows for taxes and insurance. Also attached you will find a copy of the HOI policy, tax certificate, and first page of the appraisal confirming no HOA dues on the property. - Seller-06/01/2021 Open-Missing verification on property taxes for XXX. - Due Diligence Vendor-05/28/2021

Ready for Review-6/1: Attached is a copy of the mortgage billing statement for the property at XXX confirming the payment includes escrows for taxes and insurance. Also attached you will find a copy of the HOI policy, tax certificate, and first page of the appraisal confirming no HOA dues on the property. - Seller-06/01/2021

Resolved-MTG stmt provided showing property is escrowed monthly - Due Diligence Vendor-06/02/2021

XXX_XXX_REO_PITIA.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$138,960.00

LA

Investment

Refinance

Cash Out - Other

494450175

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-28 21:06

2021-06-02 00:55

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/02/2021 Open-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/28/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/02/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$281,000.00

TX

Investment

Purchase

NA

494450135

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$233,000.00

NV

Investment

Refinance

Cash Out - Other

494450066

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-20 15:59

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible). Desk review pending. - Due Diligence Vendor-05/21/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX0 or XXX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$91,500.00

TX

Investment

Purchase

NA

494450018

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$249,750.00

MN

Investment

Purchase

Rate and Term

494449933

D

A

C

A

A

A

D

A

Closed

FCRE1191

2021-05-27 17:42

2021-06-02 15:30

Resolved

3 - Material

C

A

Credit

Eligibility

Audited Reserves are less than AUS Required Reserves (Dollar Amount)

Resolved-Audited Reserves of XXX are greater than or equal to AUS Required Reserves of XXX - Due Diligence Vendor-06/02/2021 Ready for Review-AUS required reserves are $XXX, see attached, the $XXX refers to total funds to be verified - reserves and cash to close both.  Please also see attached sale CD for evidence of additional assets. - Seller-05/27/2021 Open-Audited Reserves of XXX are less than AUS Required Reserves of 304573. Missing documentation of borrowed funds sufficient to closing. - Due Diligence Vendor-05/27/2021 Open-Audited Reserves of XXX are less than AUS Required Reserves of XXX3. Missing documentation of borrowed funds sufficient to closing. - Due Diligence Vendor-05/26/2021

Ready for Review-AUS required reserves are $XXX, see attached, the $XXX refers to total funds to be verified - reserves and cash to close both.  Please also see attached sale CD for evidence of additional assets. - Seller-05/27/2021

Resolved-Audited Reserves of XXX are greater than or equal to AUS Required Reserves of XXX - Due Diligence Vendor-06/02/2021

XXX AUS.PDF XXX Refi.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$429,000.00

CA

Investment

Purchase

NA

494449933

D

A

C

A

A

A

D

A

Closed

FPRO1244

2021-05-27 03:22

2021-05-30 05:35

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021 Open-Third party review product required. - Due Diligence Vendor-05/27/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$429,000.00

CA

Investment

Purchase

NA

494449118

C

B

C

B

C

B

A

A

Closed

FCOM7646

2021-06-01 17:38

2021-06-08 18:42

Resolved

3 - Material

C

A

Compliance

QM-ATR

Originator QM Designation Differs From Final QM Status

Resolved-Originator QM Designation Of ATR/QM: Not Applicable Matches Final QM Status Of ATR/QM: Not Applicable - Due Diligence Vendor-06/08/2021 Acknowledged-Updated AUS provided with DTI 45.4% - Due Diligence Vendor-06/02/2021 Ready for Review-Agree with finding: Please see updated AUS included the Student loan that was not included - Seller-06/01/2021 Open-Originator QM Designation Of QM: Safe Harbor (SH) Differs From Final QM Status Of Non-QM: Lender documented all ATR UW factors. DTI exceeds 43% - Due Diligence Vendor-05/26/2021

Ready for Review-Agree with finding: Please see updated AUS included the Student loan that was not included - Seller-06/01/2021

Resolved-Originator QM Designation Of ATR/QM: Not Applicable Matches Final QM Status Of ATR/QM: Not Applicable - Due Diligence Vendor-06/08/2021  Acknowledged-Updated AUS provided with DTI 45.4% - Due Diligence Vendor-06/02/2021

XXX - XXX - AUS.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$142,500.00

GA

Investment

Refinance

Cash Out - Other

494449118

C

B

C

B

C

B

A

A

Closed

finding-3476

2021-06-01 17:38

2021-06-08 18:42

Resolved

2 - Non-Material

C

A

Credit

QM/ATR

Qualified Mortgage DTI Threshold Test

Resolved-Loan Passes Qualified Mortgage DTI Threshold Test (Originator QM Designation is ATR/QM: Not Applicable and Qualifying /DTI is 46.85% - Due Diligence Vendor-06/08/2021 Resolved-Loan Passes Qualified Mortgage DTI Threshold Test (Originator QM Designation is ATR/QM: Not Applicable and Qualifying /DTI is 45.40% - Due Diligence Vendor-06/08/2021 Acknowledged-Updated AUS provided with new DTI 45.4%. - Due Diligence Vendor-06/02/2021 Ready for Review-Agree with finding: Please see updated AUS included the Student loan that was not included - Seller-06/01/2021 Open-Loan Fails Qualified Mortgage DTI Threshold Test (Originator QM Designation is QM: Safe Harbor (SH) and Qualifying DTI is 45.40% - Due Diligence Vendor-05/26/2021

Ready for Review-Agree with finding: Please see updated AUS included the Student loan that was not included - Seller-06/01/2021

Resolved-Loan Passes Qualified Mortgage DTI Threshold Test (Originator QM Designation is ATR/QM: Not Applicable and Qualifying /DTI is 46.85% - Due Diligence Vendor-06/08/2021  Resolved-Loan Passes Qualified Mortgage DTI Threshold Test (Originator QM Designation is ATR/QM: Not Applicable and Qualifying /DTI is 45.40% - Due Diligence Vendor-06/08/2021   Acknowledged-Updated AUS provided with new DTI 45.4%. - Due Diligence Vendor-06/02/2021

XXX - XXX - AUS.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$142,500.00

GA

Investment

Refinance

Cash Out - Other

494449118

C

B

C

B

C

B

A

A

Closed

FCRE1186

2021-06-01 17:38

2021-06-03 15:55

Acknowledged

2 - Non-Material

C

B

Credit

Eligibility

Audited DTI Exceeds AUS DTI

Acknowledged-Updated AUS provided with DTI 45.4% - Due Diligence Vendor-06/02/2021 Ready for Review-Agree with finding: Please see updated AUS included the Student loan that was not included - Seller-06/01/2021 Open-Audited DTI of 45.4% exceeds AUS DTI of 43.69% due to consumer debt. Review captured total monthly consumer debt of $2186.06 versus DU of $2007.79 - Due Diligence Vendor-05/26/2021 Open-Audit DTI of 73.70% exceeds AUD DTI of 43.69% - Due Diligence Vendor-05/26/2021

Ready for Review-Agree with finding: Please see updated AUS included the Student loan that was not included - Seller-06/01/2021

Acknowledged-Updated AUS provided with DTI 45.4% - Due Diligence Vendor-06/02/2021

XXX - XXX - AUS.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$142,500.00

GA

Investment

Refinance

Cash Out - Other

494449118

C

B

C

B

C

B

A

A

Closed

FCOM8844

2021-05-26 16:11

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true - Due Diligence Vendor-05/27/2021 Open-CD shows that, after payoff of subject liens, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). Full compliance testing conducted with LE’s and CD’s in file.  - Due Diligence Vendor-05/26/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true - Due Diligence Vendor-05/27/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$142,500.00

GA

Investment

Refinance

Cash Out - Other

494448844

D

A

D

A

A

A

D

A

Closed

FCRE7497

2021-05-25 16:42

2021-06-02 16:20

Resolved

3 - Material

D

A

Credit

Missing Doc

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

Resolved-MTG stmts provided showing all properties are escrowed - Due Diligence Vendor-06/02/2021 Ready for Review-See attached mortgage statements for all REO properties requested showing taxes and insurance escrowed. - Seller-05/25/2021 Open-Missing verification of taxes and insurance for the following rental properties: 1- XXX 2- XXX 3- XXX 4- XXX 5- XXX - Due Diligence Vendor-05/24/2021

Ready for Review-See attached mortgage statements for all REO properties requested showing taxes and insurance escrowed. - Seller-05/25/2021

Resolved-MTG stmts provided showing all properties are escrowed - Due Diligence Vendor-06/02/2021

XXX_XXX_ REO 12605.pdf XXX_XXX_ REO 11009.pdf XXX_XXX_ REO 10702.pdf XXX_XXX_ REO 2316.pdf XXX_XXX_ REO 9707.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$281,000.00

TX

Investment

Purchase

NA

494448844

D

A

D

A

A

A

D

A

Closed

FPRO1244

2021-05-25 00:48

2021-05-30 05:35

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/25/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/25/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/25/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$281,000.00

TX

Investment

Purchase

NA

494448527

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-25 01:45

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/25/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$431,250.00

OR

Investment

Purchase

NA

494448305

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-27 04:04

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/27/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX orXXX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$233,250.00

NV

Investment

Purchase

NA

494448166

C

A

C

A

A

A

A

A

Closed

FCRE1168

2021-06-01 13:34

2021-06-01 15:56

Resolved

3 - Material

C

A

Credit

Insurance

Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage is less than all Subject Lien(s) and Replacement Cost Value Provided

Resolved-Replacement cost provided. - Due Diligence Vendor-06/01/2021 Resolved-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $XXX - Due Diligence Vendor-06/01/2021 Ready for Review-Replacement Cost Estimator has been received and uploaded. - Seller-06/01/2021 Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $XXX - Due Diligence Vendor-05/27/2021

Ready for Review-Replacement Cost Estimator has been received and uploaded. - Seller-06/01/2021

Resolved-Replacement cost provided. - Due Diligence Vendor-06/01/2021  Resolved-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXXXXX is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $XXXXXX - Due Diligence Vendor-06/01/2021

XXX - Replacement Cost Estimator.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$651,000.00

CA

Investment

Refinance

Rate and Term

494447916

C

A

C

A

A

A

A

A

Closed

FCRE1148

2021-05-28 23:21

2021-06-07 20:40

Resolved

1 - Information

C

A

Credit

Title

Title Coverage is Less than Subject Lien(s) Total

Resolved-Title Coverage Amount of $XXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-06/07/2021 Open-Title Coverage Amount of $XXX is Less than Total Amount of Subject Lien(s) - Due Diligence Vendor-05/28/2021

Resolved-Title Coverage Amount of $XXXXXXis equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-06/07/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$442,000.00

TX

Investment

Purchase

NA

494447916

C

A

C

A

A

A

A

A

Closed

FCRE1168

2021-06-04 16:19

2021-06-05 03:12

Resolved

1 - Information

C

A

Credit

Insurance

Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage is less than all Subject Lien(s) and Replacement Cost Value Provided

Resolved-Hazard Insurance Coverage Amount of $XXX is greater than Replacement Cost Value of $293,834. - Due Diligence Vendor-06/05/2021 Ready for Review-Replacement Cost Estimator  - Seller-06/04/2021 Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $0 - Due Diligence Vendor-05/28/2021

Ready for Review-Replacement Cost Estimator  - Seller-06/04/2021

Resolved-Hazard Insurance Coverage Amount of $XXX is greater than Replacement Cost Value of $XXX. - Due Diligence Vendor-06/05/2021

XXX - RCE - XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$442,000.00

TX

Investment

Purchase

NA

494447392

D

A

D

A

A

A

C

A

Closed

FCRE1316

2021-05-25 18:54

2021-06-02 15:32

Resolved

3 - Material

D

A

Credit

Missing Doc - Employment

Borrower 1 3rd Party VOE Prior to Close Missing

Resolved-Provided as conditioned - Due Diligence Vendor-06/02/2021 Ready for Review-Please see attached - they verified via XXX, note first entry is for the Florida division of corporations (expanded version also attached).  Business bank statement also attached showing deposits within 20 days of close. - Seller-05/25/2021 Open-Borrower 1 3rd Party VOE Prior to Close Missing. Verification of business existence through a third party source dated no more than 120 days prior to consummation is required. - Due Diligence Vendor-05/25/2021

Ready for Review-Please see attached - they verified via XXX, note first entry is for the Florida division of corporations (expanded version also attached).  Business bank statement also attached showing deposits within 20 days of close. - Seller-05/25/2021

Resolved-Provided as conditioned - Due Diligence Vendor-06/02/2021

XXX .pdf XXX bank statement.pdf XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$225,000.00

FL

Investment

Refinance

Cash Out - Other

494447392

D

A

D

A

A

A

C

A

Closed

FPRO5405

2021-05-23 05:51

2021-06-02 01:02

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or 0XXX% variance. Finding resolved. - Due Diligence Vendor-06/02/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/23/2021

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-06/02/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$225,000.00

FL

Investment

Refinance

Cash Out - Other

494446894

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-20 16:23

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX orXXX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/20/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$652,500.00

NY

Investment

Purchase

NA

494446855

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$302,200.00

WA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494446853

D

A

D

A

A

A

A

A

Closed

FCRE1437

2021-06-01 13:11

2021-06-02 17:09

Resolved

3 - Material

C

A

Credit

Income

Income and Employment Do Not Meet Guidelines

Resolved-XXX provided showing prior income as required. - Due Diligence Vendor-06/02/2021 Ready for Review-Please see attached XXX - Seller-06/01/2021 Open-Income and Employment Do Not Meet Guidelines due to missing two years W2s or WVOE form 1005 as required per AUS.  - Due Diligence Vendor-05/25/2021

Ready for Review-Please see attached XXXr - Seller-06/01/2021

Resolved-XXX provided showing prior income as required. - Due Diligence Vendor-06/02/2021

XXX - XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$310,000.00

OR

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494446853

D

A

D

A

A

A

A

A

Closed

FCRE1328

2021-06-01 13:10

2021-06-02 17:08

Resolved

3 - Material

D

A

Credit

Missing Doc - Income

Borrower 1 W2/1099 Missing

Resolved-XXX provided showing prior 2 years income - Due Diligence Vendor-06/02/2021 Ready for Review-Please see attached XXX - Seller-06/01/2021 Open-Borrower 1 W2/1099 Missing. AUS requires two years W2s or WVOE. - Due Diligence Vendor-05/26/2021

Ready for Review-Please see attached XXX - Seller-06/01/2021

Resolved-XXX provided showing prior 2 years income - Due Diligence Vendor-06/02/2021

XXX - XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$310,000.00

OR

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494446605

D

A

A

A

A

A

D

A

Closed

FPRO1244

2021-05-22 13:17

2021-05-30 05:35

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXXXXXor XXX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/22/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$82,500.00

OH

Investment

Purchase

NA

494446462

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$403,125.00

OR

Investment

Purchase

NA

494446344

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$102,400.00

FL

Investment

Purchase

NA

494445897

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$262,500.00

CA

Investment

Purchase

NA

494445784

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$165,000.00

TX

Investment

Purchase

NA

494445629

C

A

C

A

A

A

A

A

Closed

FCRE1186

2021-06-07 17:45

2021-06-07 20:32

Resolved

3 - Material

C

A

Credit

Eligibility

Audited DTI Exceeds AUS DTI

Resolved-1007 form provided for rental income calculation - Due Diligence Vendor-06/07/2021 Resolved-Audited DTI of 26.69% is less than or equal to AUS DTI of 30.65%  - Due Diligence Vendor-06/07/2021 Resolved-Audited DTI of 22.64% is less than or equal to AUS DTI of 23.41%  - Due Diligence Vendor-06/07/2021 Ready for Review-Please see attached 1007 form showing that the subject property is expected to be rent in the amount of $3,300. Applying the 25% vacancy factor, the rental income used to offset the monthly PITIA is $2,475. Monthly PITIA = $3,192. Total negative rental cash flow = 717.33 Total Income = 8153.46 Housing payment (1228.96) + Regular liabilities (741) + Total negative cash flow from subject property and other property (  770) = Total monthly obligation ( 2740.79) DTI = $2,740/$8,153= 33.615%. The 3% difference in DTI calculation is within tolerance range. Re-submission is not required.  - Seller-06/07/2021 Open-Variance due to Lender including a total monthly Net Rental Loss for  the Subject of$-475.33 vs. Full PITIA of $-2,418.75.  No evidence of rental income applied to offset the total PITIA for the subject (purchase) in file. - Due Diligence Vendor-05/31/2021 Open-Audited DTI of 43.60% exceeds AUS DTI of 30.65%  - Due Diligence Vendor-05/31/2021

Ready for Review-Please see attached 1007 form showing that the subject property is expected to be rent in the amount of $3,300. Applying the 25% vacancy factor, the rental income used to offset the monthly PITIA is $2,475. Monthly PITIA = $3,192. Total negative rental cash flow = 717.33 Total Income = 8153.46 Housing payment (1228.96) + Regular liabilities (741) + Total negative cash flow from subject property and other property (  770) = Total monthly obligation ( 2740.79) DTI = $2,740/$8,153= 33.615%. The 3% difference in DTI calculation is within tolerance range. Re-submission is not required.  - Seller-06/07/2021

Resolved-1007 form provided for rental income calculation - Due Diligence Vendor-06/07/2021  Resolved-Audited DTI of 26.69% is less than or equal to AUS DTI of 30.65%  - Due Diligence Vendor-06/07/2021  Resolved-Audited DTI of 22.64% is less than or equal to AUS DTI of 23.41%  - Due Diligence Vendor-06/07/2021

XXX - XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$395,272.00

FL

Investment

Purchase

NA

494445626

C

A

C

A

A

A

C

A

Closed

FCRE1143

2021-06-07 14:43

2021-06-07 15:05

Resolved

3 - Material

C

A

Credit

Eligibility

HOA is in control of builder

Resolved-CPM provided and meets FNMA eligibility. - Due Diligence Vendor-06/07/2021 Ready for Review-6/7: Disagree. Control of HOA is not required to be turned over to the unit owners on Fannie Mae Type R Condo Projects. It would be required if a limited review had been performed, but a full review was completed. Subject property is an attached condo unit in a new project. One of the characteristics that define a new condo project is when HOA still in the developer's control. The project review method used for approval is based on the unit and project type. Attached condo units in a new or newly converted project require a Full Review (completed with or without using Condo Project Manager (CPM) or Fannie Mae Review through the standard Project Eligibility Review Service (PERS) process. A Full Review completed with Condo Project Manager (CPM) was the method used for approval of the subject. See attached Lender CPM approval with expiration date of 9/8/2021 to evidence the project/property meets Fannie Mae eligibility requirements.  - Seller-06/07/2021 Open-HOA is in control of builder - Due Diligence Vendor-06/01/2021 Open-HOA is in control of builder.  per the appraisal the condo development is a new complex which is under construction with no units that have closed escrow therefore the developer still owns 186 units. - Due Diligence Vendor-06/01/2021

Ready for Review-6/7: Disagree. Control of HOA is not required to be turned over to the unit owners on Fannie Mae Type R Condo Projects. It would be required if a limited review had been performed, but a full review was completed. Subject property is an attached condo unit in a new project. One of the characteristics that define a new condo project is when HOA still in the developer's control. The project review method used for approval is based on the unit and project type. Attached condo units in a new or newly converted project require a Full Review (completed with or without using Condo Project Manager (CPM) or Fannie Mae Review through the standard Project Eligibility Review Service (PERS) process. A Full Review completed with Condo Project Manager (CPM) was the method used for approval of the subject. See attached Lender CPM approval with expiration date of 9/8/2021 to evidence the project/property meets Fannie Mae eligibility requirements.  - Seller-06/07/2021

Resolved-CPM provided and meets FNMA eligibility. - Due Diligence Vendor-06/07/2021

XXX_XXX_CondoCertification.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$246,218.00

NV

Investment

Purchase

NA

494445626

C

A

C

A

A

A

C

A

Closed

FPRO9939

2021-06-01 15:45

2021-06-02 00:52

Resolved

3 - Material

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-06/02/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 4.1) - Due Diligence Vendor-06/01/2021

Resolved-Desk review provided with a value of $XXXXXX or XXX% variance. Finding resolved. - Due Diligence Vendor-06/02/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$246,218.00

NV

Investment

Purchase

NA

494445609

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$187,500.00

TX

Investment

Purchase

NA

494445430

C

B

C

B

A

A

A

A

Closed

FCRE1186

2021-05-26 17:23

2021-06-02 14:48

Resolved

3 - Material

C

A

Credit

Eligibility

Audited DTI Exceeds AUS DTI

Resolved-Bank statement provided showing XXX was paid off in full. - Due Diligence Vendor-06/02/2021 Ready for Review-Please see attached bank statement showing a payment in the amount of $4,738.98 for XXX. XXX Balance as of 12/20 (last active in the credit report) was $5,602. Considering that the borrower has no late payment, The balance would be as of February ($5,602- 882 = $4,720). Balance in addition to interest would equal the payment made in the amount of $4,738.98. - Seller-05/26/2021 Open-Audited DTI of 52.57% exceeds AUS DTI of 44.49%. XXX payment in the amount of $441 was excluded from DTI calculations at origination. Evidence of debt payoff was not provided.  - Due Diligence Vendor-05/24/2021

Ready for Review-Please see attached bank statement showing a payment in the amount of $4,738.98 for XXX. XXX Balance as of 12/20 (last active in the credit report) was $5,602. Considering that the borrower has no late payment, The balance would be as of February ($5,602- 882 = $4,720). Balance in addition to interest would equal the payment made in the amount of $4,738.98. - Seller-05/26/2021

Resolved-Bank statement provided showing XXX was paid off in full. - Due Diligence Vendor-06/02/2021

XXX - XXX - Bank Statement.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$268,800.00

CA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494445430

C

B

C

B

A

A

A

A

Closed

FCRE1159

2021-05-25 16:24

2021-05-30 06:47

Acknowledged

2 - Non-Material

C

B

Credit

Insurance

Hazard Insurance Effective Date is after the Note Date

Acknowledged-Finding acknowledged. XXX has a Vendor XX and in the event of a gap in coverage any claims would have been covered during that 1 day window. - Due Diligence Vendor-05/30/2021  Ready for Review-XX has a Vendor XXX and in the event of a gap in coverage any claims would have been covered during that 1 day window. There are no claims reported for this period of time from 03/XX/2021 to 03/xX/2021. - Seller-05/25/2021 Open-Hazard Insurance Effective Date of 03-XX-2021 is after the Note Date of 03-XX-2021 - Due Diligence Vendor-05/21/2021

Ready for Review-XXXr has a Vendor XXX and in the event of a gap in coverage any claims would have been covered during that 1 day window. There are no claims reported for this period of time from 03/XX/2021 to 03/XX/2021. - Seller-05/25/2021

Acknowledged-Finding acknowledged. XXX has a Vendor XXX and in the event of a gap in coverage any claims would have been covered during that 1 day window. - Due Diligence Vendor-05/30/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$268,800.00

CA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494444842

C

A

C

A

A

A

A

A

Closed

FCRE1440

2021-06-04 20:40

2021-06-07 13:54

Resolved

3 - Material

C

A

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Final CD to verify primary housing expense provided. - Due Diligence Vendor-06/07/2021 Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-06/07/2021 Ready for Review-See attached Closing Disclosure from the refinance of the primary residence located at XXX  Total monthly payment (including taxes and insurance) is $2,340.08 and is less than the present housing expense of $2,400.08 used to qualify on the AUS findings. - Seller-06/04/2021 Open-Housing History Does Not Meet Guideline Requirements.  Need Closing Disclosure or mortgage statement for concurrent closing of primary residence to evidence payment.   - Due Diligence Vendor-05/28/2021

Ready for Review-See attached Closing Disclosure from the refinance of the primary residence located at XXX.  Total monthly payment (including taxes and insurance) is $2,340.08 and is less than the present housing expense of $2,400.08 used to qualify on the AUS findings. - Seller-06/04/2021

Resolved-Final CD to verify primary housing expense provided. - Due Diligence Vendor-06/07/2021  Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-06/07/2021

XXX_PrimaryResidencePayment.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$212,210.00

NV

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494444793

C

B

C

A

B

B

C

A

Closed

FCRE1440

2021-06-01 18:17

2021-06-02 17:21

Resolved

3 - Material

C

A

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Provided as conditioned. - Due Diligence Vendor-06/02/2021 Ready for Review-Please see attached mortgage coupon showing a monthly payment (P+I) in the amount of $1,204.31 Annual Property Tax in the amount of $6,560.14 (monthly = 547) Annual HOI $862 (Monthly 71.83) PITI= $1,823 - Seller-06/01/2021 Open-Housing History Does Not Meet Guideline Requirements.  Need proof of mortgage payment for primary residence concurrently closing.   - Due Diligence Vendor-05/27/2021

Ready for Review-Please see attached mortgage coupon showing a monthly payment (P+I) in the amount of $1,204.31 Annual Property Tax in the amount of $6,560.14 (monthly = 547) Annual HOI $862 (Monthly 71.83) PITI= $1,823 - Seller-06/01/2021

Resolved-Provided as conditioned. - Due Diligence Vendor-06/02/2021

XXX - XXX - HOI Primary Residence.pdf XXX - XXX - Mortgage Coupon.pdf XXX - XXX - Property Tax.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$468,200.00

CA

Investment

Refinance

Cash Out - Debt Consolidation

494444793

C

B

C

A

B

B

C

A

Closed

FPRO5405

2021-05-26 19:44

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/27/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$468,200.00

CA

Investment

Refinance

Cash Out - Debt Consolidation

494444793

C

B

C

A

B

B

C

A

Closed

FCOM8844

2021-05-26 19:40

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021  Acknowledged-Full compliance testing was completed and would validate that the loan would be GSE SH. - Due Diligence Vendor-05/26/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). - Due Diligence Vendor-05/26/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021  Acknowledged-Full compliance testing was completed and would validate that the loan would be GSE SH. - Due Diligence Vendor-05/26/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$468,200.00

CA

Investment

Refinance

Cash Out - Debt Consolidation

494444776

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$289,500.00

OR

Investment

Purchase

NA

494444698

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-28 13:48

2021-05-31 15:05

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/28/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$248,500.00

NV

Investment

Refinance

Rate and Term

494444695

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-21 21:51

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/21/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$619,000.00

CA

Investment

Refinance

Cash Out - Other

494444645

C

A

C

A

A

A

C

A

Closed

FPRO5405

2021-06-01 16:42

2021-06-03 16:28

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX orXXX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-06/01/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$373,000.00

CA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494444645

C

A

C

A

A

A

C

A

Closed

FCRE1186

2021-06-03 12:30

2021-06-03 16:28

Resolved

3 - Material

C

A

Credit

Eligibility

Audited DTI Exceeds AUS DTI

Resolved-Audited DTI of 37.93% exceeds AUS DTI of 37%  - Due Diligence Vendor-06/03/2021 Ready for Review-While it is agreed the net rental income on the Cambridge property should be $4,358.61, we disagree on the subject property cash flow. According to the appraisal, the subject property was purchased in May 2020. The 2020 Schedule E reflects 200 fair rental days. Therefore, the net cash flow calculation should be over 6.67 months, not 12, or $4,542.29. Total income is $12,722.15 (SE $3,821.25 + $4,358.61 + $4,542.29). Total debt: $4,990.74 (primary residence $4394.74 + credit report debt $596). The revised debt ratio of 39.23% is within the allowable tolerance of the $37% on the AUS; resubmission is not required. A net rental worksheet, Schedule E and summary page have been uploaded. - Seller-06/03/2021 Open-Discrepancy of borrower's income. Final 1003 reflects $10831.98 in positive net rental income versus calculated income of $4358.61 on non subject REO and $1532.23 for subject property. Transmittal reflects rental income of $4217.98 and "other income" of $6614 not listed on final 1003. - Due Diligence Vendor-06/01/2021 Open-Audited DTI of 50% exceeds AUS DTI of 37%  - Due Diligence Vendor-06/01/2021 Open-Discrepancy of borrower's income. Final 1003 reflects $10831.98 in positive net rental income versus calculated income of $4358.61 on non subject REO and $1532.23 for subject property. Transmittal reflects rental income of $4217.98 and "other income" of $6614 not listed on final 1003. - Due Diligence Vendor-06/01/2021 Open-Audited DTI of 50% exceeds AUS DTI of 37%. - Due Diligence Vendor-06/01/2021 Open-Audited DTI of 50% exceeds AUS DTI of 37%  - Due Diligence Vendor-06/01/2021

Ready for Review-While it is agreed the net rental income on the XXX property should be $4,358.61, we disagree on the subject property cash flow. According to the appraisal, the subject property was purchased in May 2020. The 2020 Schedule E reflects 200 fair rental days. Therefore, the net cash flow calculation should be over 6.67 months, not 12, or $4,542.29. Total income is $12,722.15 (SE $3,821.25 + $4,358.61 + $4,542.29). Total debt: $4,990.74 (primary residence $4394.74 + credit report debt $596). The revised debt ratio of 39.23% is within the allowable tolerance of the $37% on the AUS; resubmission is not required. A net rental worksheet, Schedule E and summary page have been uploaded. - Seller-06/03/2021

Resolved-Audited DTI of 37.93% exceeds AUS DTI of 37%  - Due Diligence Vendor-06/03/2021

XXX_XXX_NetRentalIncome.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$373,000.00

CA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494444608

C

A

C

A

A

A

C

A

Closed

FCRE1491

2021-05-27 16:20

2021-06-02 13:30

Cured

3 - Material

C

A

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Cured-CD provided showing proceeds as required for asset fulfillment. - Due Diligence Vendor-06/02/2021 Ready for Review-See attached final CD from REO refi showing proceeds of 180k - Seller-05/27/2021 Open-Asset Qualification Does Not Meet Guideline Requirements. Missing Final CD documenting cash out refinance of other property to document sufficient funds to close. - Due Diligence Vendor-05/27/2021

Ready for Review-See attached final CD from REO refi showing proceeds of 180k - Seller-05/27/2021

Cured-CD provided showing proceeds as required for asset fulfillment. - Due Diligence Vendor-06/02/2021

XXX_CD.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$122,000.00

MS

Investment

Purchase

NA

494444608

C

A

C

A

A

A

C

A

Closed

FPRO5405

2021-05-27 00:32

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/27/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX orXXX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$122,000.00

MS

Investment

Purchase

NA

494444548

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-19 02:01

2021-06-04 13:25

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXXor XXX% variance. Finding resolved. - Due Diligence Vendor-06/04/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible). Desk review pending. - Due Diligence Vendor-05/19/2021

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-06/04/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$100,000.00

IA

Investment

Purchase

NA

494444487

C

A

C

A

A

A

A

A

Closed

FCRE1440

2021-06-07 15:30

2021-06-07 15:55

Resolved

3 - Material

C

A

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-06/07/2021 Ready for Review-Document were originally uploaded to the bulletin board for this loan, they are attached here again - Seller-06/07/2021 Open-Condition remains open as no documentation was provided to confirm wiht the comments of the breakdown. - Due Diligence Vendor-06/02/2021 Ready for Review-Rental Property located at XXX Agree with finding. Mortgage coupon shows a monthly payment including tax and insurance in the amount of $1173 in addition to $44 for HOA ( Total is $1,217) the net cash flow generated from rental property is $145.58 ( Please see attachment). Primary Hosuing: Please see attached property tax statement showing annual property tax in the amount of $4,164 ( Monthly $345.5) Although the insurance for the primary residence was not in the file, the monthly amount could be up to $127 using the qualifying primary residence housing payment of $2,273 ($1,581 P&I + $345 taxes + up to $127 insurance + $220 HOA) Housing Payment $2,273+ negative subject net cash flow $1,121+ monthly debt $314.01 = Total monthly obligation $3,709 Base Income  $11,000 + Positive rental cash flow 145.58 = total income = $11,145.58 DTI = 33.285%. Calculated DTI is higher than AUS DTI by less than 3% and is still with tolerance range.  - Seller-06/01/2021 Open-Housing History Does Not Meet Guideline Requirements. Need documentation supporting PITI payment for retained rental property. Mortgage statement shows payment of $1173 but REO and rental calc appear to have used $1000.97. Need PITI breakdown for primary residence. HOA docs provided but no taxes or insurance docs. Mortgage statement shows payment of $1581 but PI qualified at $1890. - Due Diligence Vendor-05/30/2021 Open-Housing History Does Not Meet Guideline Requirements.  Need documentation supporting PITI payment for retained rental property.  Mortgage statement shows payment of $1173 but REO and rental calc appear to have used $1000.97.  Need PITI breakdown for primary residence.  HOA docs provided but no taxes or insurance docs.  Mortgage statement shows payment of $1581 but PI qualified at $1890.   - Due Diligence Vendor-05/27/2021

Ready for Review-Document were originally uploaded to the bulletin board for this loan, they are attached here again - Seller-06/07/2021  Ready for Review-Rental Property located at XXX: Agree with finding. Mortgage coupon shows a monthly payment including tax and insurance in the amount of $1173 in addition to $44 for HOA ( Total is $1,217) the net cash flow generated from rental property is $145.58 ( Please see attachment). Primary Hosuing: Please see attached property tax statement showing annual property tax in the amount of $4,164 ( Monthly $345.5) Although the insurance for the primary residence was not in the file, the monthly amount could be up to $127 using the qualifying primary residence housing payment of $2,273 ($1,581 P&I + $345 taxes + up to $127 insurance + $220 HOA) Housing Payment $2,273+ negative subject net cash flow $1,121+ monthly debt $314.01 = Total monthly obligation $3,709 Base Income  $11,000 + Positive rental cash flow 145.58 = total income = $11,145.58 DTI = 33.285%. Calculated DTI is higher than AUS DTI by less than 3% and is still with tolerance range.  - Seller-06/01/2021

Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-06/07/2021

XXX - XXX  - Rental Income.pdf XXX - XXX  - Property Taxes.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$212,500.00

CO

Investment

Purchase

NA

494444459

D

B

D

A

A

A

B

B

Closed

FCRE1191

2021-06-02 21:11

2021-06-03 12:40

Resolved

3 - Material

C

A

Credit

Eligibility

Audited Reserves are less than AUS Required Reserves (Dollar Amount)

Resolved-Audited Reserves of 96142.58 are greater than or equal to AUS Required Reserves of 16416 - Due Diligence Vendor-06/03/2021 Ready for Review-6/2: Disagree. File contains three months business bank statements for three businesses that borrower has 100% ownership with combined account balances of $102,663.64 as of 2/26/2021. Bank statement for XXX. PC has account balance of $19,389.48 as of 2/26/2021. Bank statement for XXX has account balance of $40,756.11 as of 2/26/2021. Bank statement for XXX has account balance of $42,518.05 as of 2/26/2021. The assets are more than adequate to meet AUS requirement for reserves of $16,416 without having a detrimental impact on the businesses. Borrower is 100% owner of each of the businesses. - Seller-06/02/2021 Open-Audited Reserves of 0 are less than AUS Required Reserves of 16416.  Missing all asset accounts associated with DU.   - Due Diligence Vendor-05/31/2021 Open-Audited Reserves of 0 are less than AUS Required Reserves of 16416 - Due Diligence Vendor-05/31/2021

Ready for Review-6/2: Disagree. File contains three months business bank statements for three businesses that borrower has 100% ownership with combined account balances of $102,663.64 as of 2/26/2021. Bank statement for XXX. PC has account balance of $19,389.48 as of 2/26/2021. Bank statement for XXX has account balance of $40,756.11 as of 2/26/2021. Bank statement for XXX  has account balance of $42,518.05 as of 2/26/2021. The assets are more than adequate to meet AUS requirement for reserves of $16,416 without having a detrimental impact on the businesses. Borrower is 100% owner of each of the businesses. - Seller-06/02/2021

Resolved-Audited Reserves of 96142.58 are greater than or equal to AUS Required Reserves of 16416 - Due Diligence Vendor-06/03/2021

XXX_XXX_Assets_Reserves.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$198,000.00

CO

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494444459

D

B

D

A

A

A

B

B

Closed

FCRE1472

2021-06-02 21:11

2021-06-03 12:40

Resolved

3 - Material

D

A

Credit

Missing Doc - Assets

Asset 6 Missing

Resolved-Asset 6 Provided Or Not Applicable - Due Diligence Vendor-06/03/2021 Ready for Review-6/2: Account #XXX is not needed for reserves as borrower has sufficient verified assets in three other accounts. File contains three months business bank statements for three businesses that borrower is 100% owner with combined account balances of $102,663.64 as of 2/26/2021. The assets are more than adequate to meet AUS requirement for reserves of $16,416. - Seller-06/02/2021 Open-Asset 6 Missing (#XXX).  - Due Diligence Vendor-05/31/2021

Ready for Review-6/2: Account #XXX is not needed for reserves as borrower has sufficient verified assets in three other accounts. File contains three months business bank statements for three businesses that borrower is 100% owner with combined account balances of $102,663.64 as of 2/26/2021. The assets are more than adequate to meet AUS requirement for reserves of $16,416. - Seller-06/02/2021

Resolved-Asset 6 Provided Or Not Applicable - Due Diligence Vendor-06/03/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$198,000.00

CO

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494444459

D

B

D

A

A

A

B

B

Closed

FCRE1467

2021-06-02 21:12

2021-06-03 12:40

Resolved

3 - Material

D

A

Credit

Missing Doc - Assets

Asset 1 Missing

Resolved-Asset 1 Provided - Due Diligence Vendor-06/03/2021 Ready for Review-6/2: Account #XXX is not needed for reserves as borrower has sufficient verified assets in three other accounts. File contains three months business bank statements for three businesses that borrower is 100% owner with combined account balances of $102,663.64 as of 2/26/2021. The assets are more than adequate to meet AUS requirement for reserves of $16,416. - Seller-06/02/2021 Open-Asset 1 Missing (#XXX).   - Due Diligence Vendor-05/31/2021

Ready for Review-6/2: Account #XXX is not needed for reserves as borrower has sufficient verified assets in three other accounts. File contains three months business bank statements for three businesses that borrower is 100% owner with combined account balances of $102,663.64 as of 2/26/2021. The assets are more than adequate to meet AUS requirement for reserves of $16,416. - Seller-06/02/2021

Resolved-Asset 1 Provided - Due Diligence Vendor-06/03/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$198,000.00

CO

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494444459

D

B

D

A

A

A

B

B

Closed

FCRE1469

2021-06-02 21:12

2021-06-03 12:40

Resolved

3 - Material

D

A

Credit

Missing Doc - Assets

Asset 3 Missing

Resolved-Asset 3 Provided Or Not Applicable - Due Diligence Vendor-06/03/2021 Ready for Review-6/2: Account #XXX is not needed for reserves as borrower has sufficient verified assets in three other accounts. File contains three months business bank statements for three businesses that borrower is 100% owner with combined account balances of $102,663.64 as of 2/26/2021. The assets are more than adequate to meet AUS requirement for reserves of $16,416. - Seller-06/02/2021 Open-Asset 3 Missing (#XXX). - Due Diligence Vendor-05/31/2021

Ready for Review-6/2: Account #XXX is not needed for reserves as borrower has sufficient verified assets in three other accounts. File contains three months business bank statements for three businesses that borrower is 100% owner with combined account balances of $102,663.64 as of 2/26/2021. The assets are more than adequate to meet AUS requirement for reserves of $16,416. - Seller-06/02/2021

Resolved-Asset 3 Provided Or Not Applicable - Due Diligence Vendor-06/03/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$198,000.00

CO

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494444459

D

B

D

A

A

A

B

B

Closed

FCRE1471

2021-06-02 21:12

2021-06-03 12:40

Resolved

3 - Material

D

A

Credit

Missing Doc - Assets

Asset 5 Missing

Resolved-Asset 5 Provided Or Not Applicable - Due Diligence Vendor-06/03/2021 Ready for Review-6/2: Account #XXX is not needed for reserves as borrower has sufficient verified assets in three other accounts. File contains three months business bank statements for three businesses that borrower is 100% owner with combined account balances of $XXX as of 2/26/2021. The assets are more than adequate to meet AUS requirement for reserves of $16,416. - Seller-06/02/2021 Open-Asset 5 Missing (#XXX).  - Due Diligence Vendor-05/31/2021

Ready for Review-6/2: Account #XXX is not needed for reserves as borrower has sufficient verified assets in three other accounts. File contains three months business bank statements for three businesses that borrower is 100% owner with combined account balances of $XXX as of 2/26/2021. The assets are more than adequate to meet AUS requirement for reserves of $16,416. - Seller-06/02/2021

Resolved-Asset 5 Provided Or Not Applicable - Due Diligence Vendor-06/03/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$198,000.00

CO

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494444459

D

B

D

A

A

A

B

B

Closed

FCRE1468

2021-06-02 21:12

2021-06-03 12:40

Resolved

3 - Material

D

A

Credit

Missing Doc - Assets

Asset 2 Missing

Resolved-Asset 2 Provided Or Not Applicable - Due Diligence Vendor-06/03/2021 Ready for Review-6/2: Account #XXX is not needed for reserves as borrower has sufficient verified assets in three other accounts. File contains three months business bank statements for three businesses that borrower is 100% owner with combined account balances of $XXX as of 2/26/2021. The assets are more than adequate to meet AUS requirement for reserves of $16,416. - Seller-06/02/2021 Open-Asset 2 Missing (#XXX). - Due Diligence Vendor-05/31/2021

Ready for Review-6/2: Account #XXX is not needed for reserves as borrower has sufficient verified assets in three other accounts. File contains three months business bank statements for three businesses that borrower is 100% owner with combined account balances of $XXX as of 2/26/2021. The assets are more than adequate to meet AUS requirement for reserves of $16,416. - Seller-06/02/2021

Resolved-Asset 2 Provided Or Not Applicable - Due Diligence Vendor-06/03/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$198,000.00

CO

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494444459

D

B

D

A

A

A

B

B

Closed

FCRE1470

2021-06-02 21:13

2021-06-03 12:40

Resolved

3 - Material

D

A

Credit

Missing Doc - Assets

Asset 4 Missing

Resolved-Asset 4 Provided Or Not Applicable - Due Diligence Vendor-06/03/2021 Ready for Review-6/2: Account #XXX is not needed for reserves as borrower has sufficient verified assets in three other accounts. File contains three months business bank statements for three businesses that borrower is 100% owner with combined account balances of $102,663.64 as of 2/26/2021. The assets are more than adequate to meet AUS requirement for reserves of $16,416. - Seller-06/02/2021 Open-Asset 4 Missing (#XXX).  - Due Diligence Vendor-05/31/2021

Ready for Review-6/2: Account #XXX is not needed for reserves as borrower has sufficient verified assets in three other accounts. File contains three months business bank statements for three businesses that borrower is 100% owner with combined account balances of $102,663.64 as of 2/26/2021. The assets are more than adequate to meet AUS requirement for reserves of $16,416. - Seller-06/02/2021

Resolved-Asset 4 Provided Or Not Applicable - Due Diligence Vendor-06/03/2021

XXX_XXX_Assets_Reserves.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$198,000.00

CO

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494444459

D

B

D

A

A

A

B

B

Closed

FPRO1498

2021-05-31 11:36

2021-06-01 00:49

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-06/01/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/31/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-06/01/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$198,000.00

CO

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494444334

D

B

C

B

A

A

D

A

Closed

FCRE1159

2021-05-19 18:03

2021-05-30 04:25

Acknowledged

2 - Non-Material

C

B

Credit

Insurance

Hazard Insurance Effective Date is after the Note Date

Acknowledged-Finding acknowledged. XXXr has a Vendor XXX and in the event of a gap in coverage any claims would have been covered during that 4 day window. There are no claims reported for this period of time from 03/XX/2021 to 03/XX/2021 - Due Diligence Vendor-05/20/2021 Ready for Review-XXXr has a Vendor XXX and in the event of a gap in coverage any claims would have been covered during that 4 day window. There are no claims reported for this period of time from 03/XX/2021 to 03/XX/2021 - Seller-05/19/2021 Open-Hazard Insurance Effective Date of 03-XX-2021 is after the Note Date of 03-XX-2021 - Due Diligence Vendor-05/18/2021 Open-Hazard Insurance Effective Date of 03-XX-2021 is after the Note Date of 03-XX-2021 - Due Diligence Vendor-05/18/2021

Ready for Review-XXX has a Vendor XXX and in the event of a gap in coverage any claims would have been covered during that 4 day window. There are no claims reported for this period of time from 03/XX/2021 to 03/X/2021 - Seller-05/19/2021

Acknowledged-Finding acknowledged. XXX has a XXX and in the event of a gap in coverage any claims would have been covered during that 4 day window. There are no claims reported for this period of time from 03/XX/2021 to 03/XX/2021 - Due Diligence Vendor-05/20/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$258,750.00

UT

Investment

Purchase

NA

494444334

D

B

C

B

A

A

D

A

Closed

FPRO1244

2021-05-18 21:33

2021-05-30 04:23

Resolved

3 - Material

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Desk review provided with a value of $XXX or 0% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-CU score was not provided on DU approved loan. - Due Diligence Vendor-05/18/2021

Resolved-Desk review provided with a value of $XXXor XXX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$258,750.00

UT

Investment

Purchase

NA

494444141

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-27 14:27

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/27/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$227,250.00

FL

Investment

Purchase

NA

494443941

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$323,000.00

CA

Investment

Refinance

Rate and Term

494443931

D

A

C

A

A

A

D

A

Closed

FCRE1186

2021-05-27 13:59

2021-06-02 13:41

Resolved

3 - Material

C

A

Credit

Eligibility

Audited DTI Exceeds AUS DTI

Resolved-MTG stmt provided showing property is escrowed. DU rerun to include the HOA fee and within tolerance. DU reflects 40.12% DTI. - Due Diligence Vendor-06/02/2021 Ready for Review-Please see attached payment coupons showing that taxes and insurance are included in payment.  It appears that property has HOA dues (see XXX printout, attached, page 5), I have attached a new DU run with the $48.58/mo HOA dues added in, although change in DTI is within tolerance. - Seller-05/27/2021 Open-Audited DTI of 46.46% exceeds AUS DTI of 38% . Primary housing expense = $1874 used to qualify. Audits primary housing expense = $2,586.98 - Due Diligence Vendor-05/25/2021

Ready for Review-Please see attached payment coupons showing that taxes and insurance are included in payment.  It appears that property has HOA dues (see XXX printout, attached, page 5), I have attached a new DU run with the $48.58/mo HOA dues added in, although change in DTI is within tolerance. - Seller-05/27/2021

Resolved-MTG stmt provided showing property is escrowed. DU rerun to include the HOA fee and within tolerance. DU reflects 40.12% DTI. - Due Diligence Vendor-06/02/2021

XXX.pdf XXX pmt coupon.pdf Desktop Underwriter Findings, XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$548,250.00

AZ

Investment

Refinance

Cash Out - Other

494443931

D

A

C

A

A

A

D

A

Closed

FPRO1244

2021-05-25 02:41

2021-05-30 05:35

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/25/2021 Open-Third party valuation report required. - Due Diligence Vendor-05/25/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/25/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$548,250.00

AZ

Investment

Refinance

Cash Out - Other

494443908

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$336,800.00

CA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494443900

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$114,750.00

IL

Investment

Refinance

Rate and Term

494443845

D

A

A

A

A

A

D

A

Closed

FPRO1244

2021-05-29 06:10

2021-06-02 00:45

Resolved

3 - Material

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-06/02/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/29/2021

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-06/02/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$690,000.00

NY

Investment

Refinance

Cash Out - Other

494443778

D

A

A

A

D

A

A

A

Closed

FCOM1544

2021-05-28 20:12

2021-06-02 16:29

Resolved

3 - Material

D

A

Compliance

Missing Doc - CD

TRID: Missing Final Closing Disclosure

Resolved-Provided as conditioned - Due Diligence Vendor-06/02/2021 Ready for Review-Signed CD at closing - Seller-05/28/2021 Open-TRID: Missing Final Closing Disclosure, missing page 1 to Final CD executed on 3/19/2021 - Due Diligence Vendor-05/27/2021

Ready for Review-Signed CD at closing - Seller-05/28/2021

Resolved-Provided as conditioned - Due Diligence Vendor-06/02/2021

XXX SIGNED CD2.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$61,600.00

AZ

Investment

Purchase

NA

494443622

C

A

A

A

A

A

C

A

Closed

FPRO9939

2021-05-25 02:46

2021-05-30 05:45

Resolved

1 - Information

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 5) - Due Diligence Vendor-05/25/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$348,000.00

IN

Investment

Purchase

NA

494443601

D

A

D

A

A

A

A

A

Closed

FCRE7497

2021-05-31 00:39

2021-06-02 14:55

Resolved

3 - Material

D

A

Credit

Missing Doc

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

Resolved-MTG stmt provided showing property is escrowed. - Due Diligence Vendor-06/02/2021 Ready for Review-5/30: Attached from the file is the mortgage statement that confirms payment for taxes and insurance are escrowed and included in the payment. - Seller-05/31/2021 Open-Missing proof of taxes and insurance for the following REO property: 1- XXX - Due Diligence Vendor-05/30/2021 Open-Missing proof of taxes and insurance for the following REO property: 1- XXX - Due Diligence Vendor-05/25/2021

Ready for Review-5/30: Attached from the file is the mortgage statement that confirms payment for taxes and insurance are escrowed and included in the payment. - Seller-05/31/2021

Resolved-MTG stmt provided showing property is escrowed. - Due Diligence Vendor-06/02/2021

XXX_XXX_REO_Escrowed.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$464,090.00

MA

Investment

Refinance

Rate and Term

494443512

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$338,000.00

CA

Investment

Refinance

No Cash Out - Lender Initiated

494443357

C

A

C

A

A

A

A

A

Closed

FCRE1168

2021-05-27 19:59

2021-05-30 07:46

Resolved

3 - Material

C

A

Credit

Insurance

Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage is less than all Subject Lien(s) and Replacement Cost Value Provided

Resolved-Hazard Insurance Coverage Amount of $XXX is equal to or greater than all Subject Lien(s) and/or Replacement Cost Estimator is provided and Hazard Insurance Coverage Amount is equal to or greater than Replacement Cost Value of $XXX - Due Diligence Vendor-05/27/2021 Ready for Review-Insurance and replacement cost estimator - Seller-05/27/2021 Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s) of $XXX. - Due Diligence Vendor-05/25/2021

Ready for Review-Insurance and replacement cost estimator - Seller-05/27/2021

Resolved-Hazard Insurance Coverage Amount of $XXX is equal to or greater than all Subject Lien(s) and/or Replacement Cost Estimator is provided and Hazard Insurance Coverage Amount is equal to or greater than Replacement Cost Value of $XXX - Due Diligence Vendor-05/27/2021

XXX update.pdf XXX RCV.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$304,125.00

TX

Investment

Purchase

NA

494443344

C

A

C

A

A

A

A

A

Closed

FCRE1437

2021-05-27 17:07

2021-05-30 07:32

Resolved

3 - Material

C

A

Credit

Income

Income and Employment Do Not Meet Guidelines

Resolved-Payment letter for XXX received and matches qualification amount.  No further issues. - Due Diligence Vendor-05/29/2021 Ready for Review-See attached first payment letter showing monthly payment - Seller-05/27/2021 Open-Income and Employment Do Not Meet Guidelines. Missing mortgage statement for XXX, borrower refinanced one month prior to this transaction unable to determine current payment. - Due Diligence Vendor-05/26/2021 Open-Income and Employment Do Not Meet Guidelines. Missing mortgage statement for XXX, borrower refinanced one month prior to this transaction unable to determine current payment.  - Due Diligence Vendor-05/24/2021

Ready for Review-See attached first payment letter showing monthly payment - Seller-05/27/2021

Resolved-Payment letter for XXX received and matches qualification amount.  No further issues. - Due Diligence Vendor-05/29/2021

XXX_1st payment letter.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$262,500.00

CA

Investment

Purchase

NA

494443034

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$217,500.00

NY

Investment

Purchase

NA

494442968

C

B

C

A

B

B

A

A

Closed

FCRE1168

2021-06-02 13:13

2021-06-02 17:50

Resolved

3 - Material

C

A

Credit

Insurance

Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage is less than all Subject Lien(s) and Replacement Cost Value Provided

Resolved-DOcs provided reflect 120% increase in coverage and RCE shows coverage is adequate. - Due Diligence Vendor-06/02/2021 Ready for Review-6/2/2021 Disagree – Insurance attached shows coverage for loan amount with dwelling and other structures. The replacement cost is up to 120% and will cover the subject lien(s) - Seller-06/02/2021 Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $XXX - Due Diligence Vendor-06/01/2021

Ready for Review-6/2/2021 Disagree – Insurance attached shows coverage for loan amount with dwelling and other structures. The replacement cost is up to 120% and will cover the subject lien(s) - Seller-06/02/2021

Resolved-DOcs provided reflect 120% increase in coverage and RCE shows coverage is adequate. - Due Diligence Vendor-06/02/2021

XXX - insurance.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$350,000.00

AZ

Investment

Refinance

Cash Out - Other

494442968

C

B

C

A

B

B

A

A

Closed

FCOM8844

2021-06-01 14:24

2021-06-01 14:28

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true - Due Diligence Vendor-06/01/2021 Open-CD shows that all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes).  - Due Diligence Vendor-06/01/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true - Due Diligence Vendor-06/01/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$350,000.00

AZ

Investment

Refinance

Cash Out - Other

494442829

B

B

A

A

B

B

A

A

Closed

FCOM8844

2021-05-25 19:01

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/25/2021 Open-CD shows that all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes).  - Due Diligence Vendor-05/25/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/25/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$180,000.00

AZ

Investment

Refinance

Cash Out - Other

494442828

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$190,460.00

AZ

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494442731

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$480,000.00

CA

Investment

Purchase

NA

494442720

D

B

A

A

D

B

C

A

Closed

FCOM8844

2021-05-18 17:52

2021-05-30 04:27

Acknowledged

2 - Non-Material

D

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/19/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes).  Full regulatory compliance testing was completed and no issues - Due Diligence Vendor-05/18/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/19/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$225,000.00

CA

Investment

Refinance

Cash Out - Other

494442720

D

B

A

A

D

B

C

A

Closed

FPRO5405

2021-05-19 01:50

2021-05-30 04:27

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible). Desk review pending. - Due Diligence Vendor-05/19/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$225,000.00

CA

Investment

Refinance

Cash Out - Other

494442641

C

A

C

A

A

A

C

A

Closed

FCRE1186

2021-05-28 21:45

2021-06-02 13:03

Resolved

3 - Material

C

A

Credit

Eligibility

Audited DTI Exceeds AUS DTI

Resolved-AUS resubmitted and corrected showing higher DTI on DU approval as required - Due Diligence Vendor-06/02/2021 Ready for Review-Agree with finding: Reviewer corrected the rental income and submitted the loan to AUS. Please see attached AUS finding. - Due Diligence Vendor-05/30/2021  Ready for Review-Agree with finding: Reviewer corrected the rental income and submitted the loan to AUS. Please see attached AUS finding. - Seller-05/28/2021 Open-Audited DTI of 44.37% exceeds AUS DTI of 39.85% Variance due to lender not including all components of housing expense in rental loss. - Due Diligence Vendor-05/24/2021 Open-Audited DTI of 40.26% exceeds AUS DTI of 39.85%  - Due Diligence Vendor-05/20/2021

Ready for Review-Agree with finding: Reviewer corrected the rental income and submitted the loan to AUS. Please see attached AUS finding. - Seller-05/28/2021

Resolved-AUS resubmitted and corrected showing higher DTI on DU approval as required - Due Diligence Vendor-06/02/2021

XXX_AUS.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$300,000.00

CA

Investment

Purchase

NA

494442641

C

A

C

A

A

A

C

A

Closed

FPRO9939

2021-05-20 18:48

2021-05-30 05:45

Resolved

1 - Information

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 2.7) - Due Diligence Vendor-05/20/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$300,000.00

CA

Investment

Purchase

NA

494442565

D

A

A

A

A

A

D

A

Closed

FPRO1244

2021-05-21 12:38

2021-06-04 18:11

Resolved

3 - Material

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/04/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/21/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/04/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$265,125.00

MO

Investment

Purchase

NA

494442554

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$174,000.00

TX

Investment

Purchase

NA

494441996

C

B

C

B

A

A

A

A

Closed

FCRE1186

2021-06-03 20:39

2021-06-04 12:26

Acknowledged

2 - Non-Material

C

B

Credit

Eligibility

Audited DTI Exceeds AUS DTI

Acknowledged-Updated AUS provided with DTI of 45.72% - Due Diligence Vendor-06/04/2021 Resolved-Audited DTI of 45.66% is less than or equal to AUS DTI of 45.72%  - Due Diligence Vendor-06/04/2021 Ready for Review-Please see updated AUS findings, attached, with corrected net rental loss for both properties.  Thank you - Seller-06/03/2021 Open-Audited DTI of 45.66% exceeds AUS DTI of 44.03%.  Difference in DTI is less than 3% but crosses the threshold of 45%.  Difference is caused by HOA of $33.17 not being counted against retained investment property and the subject net rent was qualified at -$568 but was found to be -$793 based on rent schedule showing $3200 estimated rent.   - Due Diligence Vendor-05/26/2021

Ready for Review-Please see updated AUS findings, attached, with corrected net rental loss for both properties.  Thank you - Seller-06/03/2021

Acknowledged-Updated AUS provided with DTI of 45.72% - Due Diligence Vendor-06/04/2021  Resolved-Audited DTI of 45.66% is less than or equal to AUS DTI of 45.72%  - Due Diligence Vendor-06/04/2021

XXX AUS.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$455,000.00

CA

Investment

Purchase

NA

494441996

C

B

C

B

A

A

A

A

Closed

FCRE1159

2021-05-27 15:16

2021-05-30 06:42

Acknowledged

2 - Non-Material

C

B

Credit

Insurance

Hazard Insurance Effective Date is after the Note Date

Acknowledged-Finding acknowledged. Flagstar has a Vendor Nat Gen and in the event of a gap in coverage any claims would have been covered during that 7 day window. - Due Diligence Vendor-05/30/2021                                            Ready for Review-XXX has a Vendor XX and in the event of a gap in coverage any claims would have been covered during that 7 day window. There are no claims reported for this period of time from 03/XX/2021 to 03/XX/2021 - Seller-05/27/2021 Open-Hazard Insurance Effective Date of 03-XX-2021 is after the Note Date of 03-XX-2021 - Due Diligence Vendor-05/26/2021

Ready for Review-XXX has a Vendor XXX and in the event of a gap in coverage any claims would have been covered during that 7 day window. There are no claims reported for this period of time from 03/XX/2021 to 03/XX/2021 - Seller-05/27/2021

Acknowledged-Finding acknowledged. XXX has a Vendor XXX and in the event of a gap in coverage any claims would have been covered during that 7 day window. - Due Diligence Vendor-05/30/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$455,000.00

CA

Investment

Purchase

NA

494441785

D

A

D

A

A

A

A

A

Closed

FCRE7756

2021-06-03 19:07

2021-06-03 19:23

Resolved

3 - Material

D

A

Credit

Missing Doc - Credit

Missing credit report

Resolved-Credit Report is Provided - Due Diligence Vendor-06/03/2021 Ready for Review-Please see attached CR - Seller-06/03/2021 Open-Credit Report is Missing - Due Diligence Vendor-05/27/2021

Ready for Review-Please see attached CR - Seller-06/03/2021

Resolved-Credit Report is Provided - Due Diligence Vendor-06/03/2021

Credit Report for the XXX file.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$416,000.00

CA

Investment

Refinance

Rate and Term

494441781

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$302,000.00

CA

Investment

Refinance

Rate and Term

494441769

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-28 20:02

2021-05-31 15:39

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/28/2021

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$352,500.00

WA

Investment

Refinance

Cash Out - Other

494441730

C

B

A

A

B

B

C

A

Closed

FPRO9939

2021-05-29 21:15

2021-06-02 18:55

Resolved

3 - Material

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 4.1) - Due Diligence Vendor-05/29/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$236,250.00

TX

Investment

Refinance

Cash Out - Other

494441730

C

B

A

A

B

B

C

A

Closed

FCOM8844

2021-05-29 21:11

2021-05-30 08:02

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/30/2021 Open-Loan would have been valid as GSE SH. - Due Diligence Vendor-05/30/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). Full compliance testing conducted with LE’s and CD’s in file.  - Due Diligence Vendor-05/29/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/30/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$236,250.00

TX

Investment

Refinance

Cash Out - Other

494441706

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$258,000.00

CO

Investment

Refinance

Rate and Term

494441189

D

B

A

A

D

B

A

A

Closed

FCOM8844

2021-05-17 19:03

2021-05-30 04:24

Acknowledged

2 - Non-Material

D

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/18/2021 Open-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/17/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not clearly disclosed how the cash in hand was to be utilized (consumer or business purposes). Home improvement use of funds not disclosed for which specific property - Due Diligence Vendor-05/17/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/18/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$420,000.00

OR

Investment

Refinance

Cash Out - Other

494441127

B

B

A

A

B

B

A

A

Closed

FCOM8844

2021-05-29 05:28

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021  Acknowledged-Loan would be valid as GSE SH - Due Diligence Vendor-05/29/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). Full compliance testing conducted with LE’s and CD’s in file.  - Due Diligence Vendor-05/29/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021  Acknowledged-Loan would be valid as GSE SH - Due Diligence Vendor-05/29/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$99,750.00

MO

Investment

Refinance

Cash Out - Other

494441126

B

B

A

A

A

A

B

B

Closed

FPRO1498

2021-05-17 21:14

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/17/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$104,750.00

CO

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494441107

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$64,000.00

OH

Investment

Purchase

NA

494441094

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$315,000.00

ID

Investment

Refinance

Cash Out - Other

494441009

B

B

A

A

A

A

B

B

Closed

FPRO1498

2021-05-19 19:36

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/19/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$80,000.00

WI

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494440973

C

B

C

A

A

A

B

B

Closed

FCRE1440

2021-05-28 13:24

2021-06-02 13:07

Resolved

3 - Material

C

A

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Lease and payment history for 3 month provided. - Due Diligence Vendor-06/02/2021 Ready for Review-Please see attached 4 months payment history in addition to the lease agreement. AUS required a fully executed lease agreement in addition to 2 month of cancelled checks. - Due Diligence Vendor-05/30/2021 Ready for Review- Please see attached 4 months payment history in addition to the lease agreement. AUS required a fully executed lease agreement in addition to 2 month of cancelled checks. - Seller-05/28/2021 Open-Missing VOR documenting borrower's rental history for prior 12 months. Lease agreement does not document rental history. Finding remains. - Due Diligence Vendor-05/22/2021 Ready for Review-Disagree: Please see attached lease agreement for the primary residence located at 3235 Heritage Trail that was located in the file. - Seller-05/21/2021 Open-Housing History Does Not Meet Guideline Requirements. No verification of rent in file. Borrower primary residence is Rental. AUS requires rental housing expense to be verified and documented. - Due Diligence Vendor-05/20/2021 Open-Housing History Does Not Meet Guideline Requirements - Due Diligence Vendor-05/19/2021 Open-Housing History Does Not Meet Guideline Requirements. No verification of rent in file. Borrower primary residence is Rental. AUS requires rental housing expense to be verified and documented.  - Due Diligence Vendor-05/18/2021 Open-Housing History Does Not Meet Guideline Requirements. Borrower rents primary residence. AUS requires verification and documentation of rental housing expense. Missing verification and documentation of rental housing expense.  - Due Diligence Vendor-05/18/2021

Ready for Review- Please see attached 4 months payment history in addition to the lease agreement. AUS required a fully executed lease agreement in addition to 2 month of cancelled checks. - Seller-05/28/2021  Ready for Review-Disagree: Please see attached lease agreement for the primary residence located at XXX that was located in the file. - Seller-05/21/2021

Resolved-Lease and payment history for 3 month provided. - Due Diligence Vendor-06/02/2021

XXX - Lease Agreement.pdf XXX - Payment History.pdf XXX - Lease Agreement.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$235,000.00

NV

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494440973

C

B

C

A

A

A

B

B

Closed

FCRE1456

2021-05-21 14:06

2021-05-30 06:01

Resolved

3 - Material

C

A

Credit

Assets

Asset 2 Less Than 2 Months Verified

Resolved-Two months asset history provided. - Due Diligence Vendor-05/22/2021 Resolved-Asset 2 Verified Sufficiently Or Not Applicable - Due Diligence Vendor-05/22/2021 Ready for Review-Disagree with finding: 2 months statements were located in the file. Please see attached. - Seller-05/21/2021 Open-Asset 2 Less Than 2 Months Verified. 1 month Robinhood (-9211) statement provided, dated 1/1/2021 to 1/31/2021. AUS requires 2 months verification.  - Due Diligence Vendor-05/18/2021

Ready for Review-Disagree with finding: 2 months statements were located in the file. Please see attached. - Seller-05/21/2021

Resolved-Two months asset history provided. - Due Diligence Vendor-05/30/2021  Resolved-Two months asset history provided. - Due Diligence Vendor-05/22/2021  Resolved-Asset 2 Verified Sufficiently Or Not Applicable - Due Diligence Vendor-05/22/2021

XXX - XXX 2.pdf XXX - XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$235,000.00

NV

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494440973

C

B

C

A

A

A

B

B

Closed

FPRO1498

2021-05-18 19:19

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/18/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$235,000.00

NV

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494440948

C

A

C

A

A

A

C

A

Closed

FCRE1186

2021-05-26 20:25

2021-06-02 16:49

Resolved

3 - Material

C

A

Credit

Eligibility

Audited DTI Exceeds AUS DTI

Resolved-DTI is now within tolerance with grossed up SSi which offset the rents - Due Diligence Vendor-06/02/2021 Ready for Review-Agree with finding: UW used the full rental payment, however the UW used a social security income in the amount of $2,366 while the correct SSI is $2,580. Grossing up 25% of 15% of the SSI will result a social security income of $2,675 which is enough to offset the difference in the discrepancy of rental income. Rental income using 100%  of 1007 = 2300-1821.92 = 478 Rental income using 75% of 1007 = 2300 x 0.75 - 1821.92 =  -97 Social security income would be increased by $309 = $2,675-2,366 Total income = $2675+ $4006 - 97 = $6584 Total Debt = 3106 Calculated DTI = 47.17% Calculated DTI is still within acceptable tolerance range of 3%. - Seller-05/26/2021 Open-Audited DTI of 47.79% exceeds AUS DTI of 45.99% . Variance in rental income calculations. Audit used 75% of rental income on 1007. Lender used full value. - Due Diligence Vendor-05/25/2021

Ready for Review-Agree with finding: UW used the full rental payment, however the UW used a social security income in the amount of $2,366 while the correct SSI is $2,580. Grossing up 25% of 15% of the SSI will result a social security income of $2,675 which is enough to offset the difference in the discrepancy of rental income. Rental income using 100%  of 1007 = 2300-1821.92 = 478 Rental income using 75% of 1007 = 2300 x 0.75 - 1821.92 =  -97 Social security income would be increased by $309 = $2,675-2,366 Total income = $2675+ $4006 - 97 = $6584 Total Debt = 3106 Calculated DTI = 47.17% Calculated DTI is still within acceptable tolerance range of 3%. - Seller-05/26/2021

Resolved-DTI is now within tolerance with grossed up SSi which offset the rents - Due Diligence Vendor-06/02/2021

XXX - DU Tolerance.pdf XXX - SSI.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$244,388.00

PA

Investment

Purchase

NA

494440948

C

A

C

A

A

A

C

A

Closed

FPRO9939

2021-05-25 00:24

2021-05-30 05:45

Resolved

1 - Information

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 3). Desk review pending. - Due Diligence Vendor-05/25/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$244,388.00

PA

Investment

Purchase

NA

494440922

C

B

A

A

B

B

C

A

Closed

FPRO5405

2021-05-27 17:35

2021-05-31 15:32

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/27/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$169,400.00

OH

Investment

Refinance

Cash Out - Other

494440922

C

B

A

A

B

B

C

A

Closed

FCOM8844

2021-05-27 16:06

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021  Acknowledged-Cash out letter not provided by borrower.  Full regulatory testing completed.  Loan would be valid as GSE SH. - Due Diligence Vendor-05/29/2021 Open- - Due Diligence Vendor-05/27/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021  Acknowledged-Cash out letter not provided by borrower.  Full regulatory testing completed.  Loan would be valid as GSE SH. - Due Diligence Vendor-05/29/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$169,400.00

OH

Investment

Refinance

Cash Out - Other

494440820

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$375,000.00

CA

Investment

Purchase

NA

494440781

C

A

A

A

A

A

C

A

Closed

FPRO9939

2021-05-28 21:49

2021-06-02 19:22

Resolved

3 - Material

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX orXX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 4.3) - Due Diligence Vendor-05/28/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$305,150.00

WA

Investment

Purchase

NA

494440760

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$284,000.00

WA

Investment

Purchase

NA

494440745

C

B

C

B

A

A

C

A

Closed

FCRE1186

2021-06-02 20:09

2021-06-03 15:48

Acknowledged

2 - Non-Material

C

B

Credit

Eligibility

Audited DTI Exceeds AUS DTI

Acknowledged-Updated AUS ran with updated DTI of 43.97% versus review DTI of 43.12% - Due Diligence Vendor-06/08/2021 Ready for Review-6/2: Revised AUS Findings attached that include all credit report debt with an approve/eligible response retained through DU. Previous AUS submission omitted $121 monthly payment for JPMCB and $25 payment for XXX as borrower's XXX bank statement reflected payoff of balances reported on the credit report, with payment to Chase of $4,012.94 on 2/8 and payment to TJX of $179.46 on 1/28. Revised transmittal summary is also attached. - Seller-06/02/2021 Open-Audited DTI of 43.12% exceeds AUS DTI of 39.17%.  DU qualified loan with $194.28 in other debt.  Credit report shows debt of $336.   - Due Diligence Vendor-05/29/2021

Ready for Review-6/2: Revised AUS Findings attached that include all credit report debt with an approve/eligible response retained through DU. Previous AUS submission omitted $121 monthly payment for XXX and $25 payment for XXX as borrower's XXX bank statement reflected payoff of balances reported on the credit report, with payment to XXX of $4,012.94 on 2/8 and payment to XXX of $179.46 on 1/28. Revised transmittal summary is also attached. - Seller-06/02/2021

Acknowledged-Updated AUS ran with updated DTI of 43.97% versus review DTI of 43.12% - Due Diligence Vendor-06/08/2021

XXX_AUS_1008.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$76,000.00

IL

Investment

Purchase

NA

494440745

C

B

C

B

A

A

C

A

Closed

FPRO9939

2021-05-28 17:27

2021-06-03 15:41

Resolved

3 - Material

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 3.2) - Due Diligence Vendor-05/28/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$76,000.00

IL

Investment

Purchase

NA

494440738

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$820,000.00

CO

Investment

Refinance

Rate and Term

494440711

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$300,000.00

CA

Investment

Refinance

Cash Out - Other

494440452

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$162,000.00

CO

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494440450

D

B

D

B

D

A

B

B

Closed

FCRE1186

2021-06-08 19:12

2021-06-08 19:27

Acknowledged

2 - Non-Material

C

B

Credit

Eligibility

Audited DTI Exceeds AUS DTI

Acknowledged-Updated AUS provided with a recalculated DTI of 45.40% using audit rental amounts. Audited DTI of 45.59% within 1%. - Due Diligence Vendor-06/08/2021 Ready for Review-See attached AUS with DTI of 45 and negative rental of -88 - Seller-06/08/2021 Open-Lease used in calculation of rental loss. P&I payment of 1547.78 verified with XXX mortgage statement provided; statement is only P&I and does not include taxes of $229.93 and hazard insurance of $91.58; Total PITI is $1869.29. Lease payment of $2375 at 75% is $1781.25 for a loss of $88.04. - Due Diligence Vendor-05/30/2021 Ready for Review-See attached lease agreement for REO located at Towerbridge Rd. Net rental is based on lease agreement at 75%. Net rental based on lease meets qualifying amount of $234 - Seller-05/19/2021 Open-Audited DTI of 45.59% exceeds AUS DTI of 41.90%. Variance is the rental calculation on Towerbridge Road. review shows a loss of $-88, AUS shows positive rental income of $234. - Due Diligence Vendor-05/18/2021

Ready for Review-See attached AUS with DTI of 45 and negative rental of -88 - Seller-06/08/2021  Ready for Review-See attached lease agreement for REO located at XXX. Net rental is based on lease agreement at 75%. Net rental based on lease meets qualifying amount of $234 - Seller-05/19/2021

Acknowledged-Updated AUS provided with a recalculated DTI of 45.40% using audit rental amounts. Audited DTI of 45.59% within 1%. - Due Diligence Vendor-06/08/2021

XXX_XXX_Lease Agreement.pdf XXX_XXX_Corrected AUS.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$247,100.00

CO

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494440450

D

B

D

B

D

A

B

B

Closed

FCRE8712

2021-06-08 19:13

2021-06-08 19:25

Resolved

1 - Information

D

A

Credit

Missing Doc

Missing Verification of Rent

Resolved-Verification of rent for borrower's primary residence provided. Finding resolved. - Due Diligence Vendor-06/08/2021 Ready for Review-See attached lease agreement along with copy of asset statement to show verification of lease paid - Seller-06/08/2021 Open-Borrower's primary subject is rented property, DU item 13 - The amount of the rental housing expense must be verified and documented. Acceptable documentation includes, but is not limited to one of the following: a direct one of the following: a direct verification from a management company or individual landlord, six months cancelled checks/equivalent payment source, six months bank statements reflecting a clear and consistent payment to an organization or individual, or a copy of a current fully executed lease agreement and two months cancelled checks/equivalent payments source. - Due Diligence Vendor-06/01/2021 Open-DU approval item 13 under credit and liabilities section indicates the amount of the rental housing expense must be verified and documented. Finding remains. - Due Diligence Vendor-05/21/2021 Ready for Review-Do not concur with finding, per FNMA guideline (attached) stating the borrower's rental housing must be verified unless the borrower does not otherwise have a mortgage history. Also, see attached current mortgage statement for mortgaged property. - Seller-05/19/2021 Open-Missing documentation of rental amount on primary residence. - Due Diligence Vendor-05/18/2021

Ready for Review-See attached lease agreement along with copy of asset statement to show verification of lease paid - Seller-06/08/2021  Ready for Review-Do not concur with finding, per FNMA guideline (attached) stating the borrower's rental housing must be verified unless the borrower does not otherwise have a mortgage history. Also, see attached current mortgage statement for mortgaged property. - Seller-05/19/2021

Resolved-Verification of rent for borrower's primary residence provided. Finding resolved. - Due Diligence Vendor-06/08/2021

XXX_XXX_Rental verification.pdf XXX_XXX_VOM.pdf XXX_XXX_Current Lease.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$247,100.00

CO

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494440450

D

B

D

B

D

A

B

B

Closed

FCOM1233

2021-05-26 17:58

2021-06-01 19:32

Resolved

3 - Material

D

A

Compliance

Missing Doc - Closing Package

The Final 1003 is Incomplete

Resolved-Page 2 provided. - Due Diligence Vendor-06/01/2021 Ready for Review-See attached pg 2 of 1003 - Seller-05/26/2021 Open-The Final 1003 is Incomplete, missing page 2.  - Due Diligence Vendor-05/21/2021 Open-The Final 1003 is Incomplete. Missing Page 2 from final application. - Due Diligence Vendor-05/19/2021 Open-The Final 1003 is Incomplete - Due Diligence Vendor-05/18/2021 Open-Missing Page 2 from final application. - Due Diligence Vendor-05/17/2021 Open-The Final 1003 is Incomplete - Due Diligence Vendor-05/17/2021

Ready for Review-See attached pg 2 of 1003 - Seller-05/26/2021

Resolved-Page 2 provided. - Due Diligence Vendor-06/01/2021

XXX_XXX_1003 p2.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$247,100.00

CO

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494440450

D

B

D

B

D

A

B

B

Closed

FPRO1498

2021-05-18 15:39

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/18/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$247,100.00

CO

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494440428

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$95,200.00

FL

Investment

Purchase

NA

494440427

C

B

A

A

C

B

C

A

Closed

finding-3752

2021-05-22 12:05

2021-05-30 05:50

Resolved

3 - Material

C

A

Compliance

ComplianceEase

TRID Disclosure Dates and Personal Delivery Validation Test

Resolved-Initial CD provided. - Due Diligence Vendor-05/30/2021 Resolved-Initial CD provided. - Due Diligence Vendor-05/22/2021 Ready for Review-ICD was found in the file under the Closing Disclosure header and signed prior to closing. - Seller-05/22/2021 Open-Missing Initial CD as required for Compliance Testing. - Due Diligence Vendor-05/20/2021 Open-This loan failed the TRID disclosure dates and personal delivery validation test.This loan contains either:A Revised Loan Estimate Receipt Date that is after the Revised Loan Estimate Delivery Date; orThe Initial Closing Disclosure Receipt Date that is after the Initial Closing Disclosure Delivery Date; orThe Revised Closing Disclosure Receipt Date that is after the Revised Closing Disclosure Delivery Date.However, the method of delivery is marked as "Personal." Please review the loan data to ensure the dates and method of delivery are correct. - Due Diligence Vendor-05/19/2021

Ready for Review-ICD was found in the file under the Closing Disclosure header and signed prior to closing. - Seller-05/22/2021

Resolved-Initial CD provided. - Due Diligence Vendor-05/22/2021

XXX - Signed ICD.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$91,425.00

FL

Investment

Refinance

Cash Out - Other

494440427

C

B

A

A

C

B

C

A

Closed

FPRO5405

2021-05-20 16:58

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible). Desk review pending. - Due Diligence Vendor-05/21/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$91,425.00

FL

Investment

Refinance

Cash Out - Other

494440427

C

B

A

A

C

B

C

A

Closed

FCOM8844

2021-05-19 18:08

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/21/2021 Open-CD shows that all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes).  - Due Diligence Vendor-05/19/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/21/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$91,425.00

FL

Investment

Refinance

Cash Out - Other

494440425

B

B

A

A

B

B

A

A

Closed

FCOM7646

2021-05-25 12:30

2021-05-30 06:15

Acknowledged

2 - Non-Material

B

B

Compliance

QM-ATR

Originator QM Designation Differs From Final QM Status

Acknowledged-Originator QM Status Of ATR/QM: Not Applicable Differs From Final QM Status Of QM: GSE Temporary QM - SH. Evidence in the loan file results in Consumer Purp, full compliance review was conducted, and QM: GSE Temporary QM – SH was validated as true. - Due Diligence Vendor-05/25/2021 Open-Originator QM Designation Of ATR/QM: Not Applicable Differs From Final QM Status Of ATR/QM: Status Pending. Loan submitted as business purpose cash out, however letter in file states debt consolidation. - Due Diligence Vendor-05/25/2021

Acknowledged-Originator QM Status Of ATR/QM: Not Applicable Differs From Final QM Status Of QM: GSE Temporary QM - SH. Evidence in the loan file results in Consumer Purp, full compliance review was conducted, and QM: GSE Temporary QM – SH was validated as true. - Due Diligence Vendor-05/25/2021

"ATR/QM: Not Applicable"

"QM: GSE Temporary QM - SH"

$170,000.00

CO

Investment

Refinance

Cash Out - Other

494440423

D

A

A

A

A

A

D

A

Closed

FPRO1244

2021-05-25 00:09

2021-05-30 05:35

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021 Open-CU score was not provided on DU approved loan. - Due Diligence Vendor-05/25/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$172,500.00

CO

Investment

Refinance

Cash Out - Other

494440175

D

A

A

A

A

A

D

A

Closed

FPRO1244

2021-05-21 12:45

2021-05-30 05:35

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/21/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$225,000.00

MA

Investment

Purchase

NA

494439989

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$92,500.00

AZ

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494439947

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-21 02:49

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible). Desk review pending. - Due Diligence Vendor-05/21/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$356,250.00

CA

Investment

Purchase

NA

494439897

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$279,000.00

UT

Investment

Refinance

Cash Out - Other

494439854

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$210,000.00

MA

Investment

Refinance

Rate and Term

494439785

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-25 22:26

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or -XX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible). Pending Desk Review. - Due Diligence Vendor-05/25/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or -XXX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$192,000.00

CA

Investment

Refinance

Rate and Term

494439683

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$528,750.00

CA

Investment

Refinance

Cash Out - Other

494439647

D

A

D

A

A

A

A

A

Closed

FCRE2393

2021-06-03 16:16

2021-06-03 18:12

Resolved

3 - Material

D

A

Credit

Missing Doc

Missing an established escrow impound account for taxes and insurance.

Resolved-Documentation acceptable. - Due Diligence Vendor-06/03/2021 Ready for Review-Please see attached documentation showing that the $1361.96 XXX payment on XXX includes taxes and insurance.   - Seller-06/03/2021 Open-Provide documentation to confirm escrows are included with monthly payment for owner occupied property within the monthly XXX payments as noted on the credit report and 1003. Documentation showing this requirements was not provided. - Due Diligence Vendor-06/01/2021

Ready for Review-Please see attached documentation showing that the $1361.96 XXX payment on XXX includes taxes and insurance.   - Seller-06/03/2021

Resolved-Documentation acceptable. - Due Diligence Vendor-06/03/2021

XXX escrows.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$139,900.00

CA

Investment

Purchase

NA

494439591

C

B

A

A

B

B

C

A

Closed

FPRO5405

2021-05-30 19:33

2021-06-01 15:04

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/30/2021

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$330,500.00

WA

Investment

Refinance

Cash Out - Other

494439591

C

B

A

A

B

B

C

A

Closed

FCOM8844

2021-05-30 19:28

2021-05-31 01:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Loan would be valid as GSE SH. - Due Diligence Vendor-05/31/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). Full compliance testing conducted with LE’s and CD’s in file.  - Due Diligence Vendor-05/30/2021

Acknowledged-Loan would be valid as GSE SH. - Due Diligence Vendor-05/31/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$330,500.00

WA

Investment

Refinance

Cash Out - Other

494439590

C

B

A

A

B

B

C

A

Closed

FPRO5405

2021-05-27 22:15

2021-05-31 15:09

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/27/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$500,000.00

CA

Investment

Refinance

Cash Out - Other

494439590

C

B

A

A

B

B

C

A

Closed

FCOM8844

2021-05-25 17:56

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021  Acknowledged-Full compliance testing conducted with LE’s and CD’s in file.  No issues were found and loan would be eligible for GSE SH. - Due Diligence Vendor-05/27/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). - Due Diligence Vendor-05/27/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021  Acknowledged-Full compliance testing conducted with LE’s and CD’s in file.  No issues were found and loan would be eligible for GSE SH. - Due Diligence Vendor-05/27/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$500,000.00

CA

Investment

Refinance

Cash Out - Other

494439580

C

A

A

A

A

A

C

A

Closed

FPRO9939

2021-05-25 21:41

2021-05-30 05:45

Resolved

1 - Information

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 4.4) - Due Diligence Vendor-05/25/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$80,000.00

TX

Investment

Refinance

Rate and Term

494439495

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-27 14:39

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/27/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$165,000.00

MA

Investment

Refinance

Rate and Term

494439398

D

A

A

A

A

A

D

A

Closed

FPRO1244

2021-06-01 00:16

2021-06-01 15:28

Resolved

3 - Material

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021 Open-Third party valuation required. - Due Diligence Vendor-06/01/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$375,000.00

CT

Investment

Purchase

NA

494439054

C

A

C

A

A

A

A

A

Closed

FCRE1191

2021-06-01 15:33

2021-06-02 17:41

Resolved

3 - Material

C

A

Credit

Eligibility

Audited Reserves are less than AUS Required Reserves (Dollar Amount)

Resolved-Updated print out for XXX account provided showing higher balance than regular stmt in the file at the time of review. - Due Diligence Vendor-06/02/2021 Resolved-Audited Reserves of 12577.97 are greater than or equal to AUS Required Reserves of 11671.08 - Due Diligence Vendor-06/02/2021 Ready for Review-6/1: Disagree. LPA reserves requirement of $11,671.08 was met. File contains verified reserves of $12,456.91. Borrower had verified assets totaling $13,868.42, with $5,957.39 in XXX #XXX as of 3/16/2021 and $7,911.03 in XXX checking #XXX as of 3/24/2021. After subtracting funds required at closing of $1,411.51, borrower had $12,456.91 remaining for reserves, that does not include the funds in the XXX savings account from 2/28/2021. - Seller-06/01/2021 Open-Audited Reserves of 10247.84 are less than AUS Required Reserves of 11671.08 - Due Diligence Vendor-05/28/2021

Ready for Review-6/1: Disagree. XXX reserves requirement of $11,671.08 was met. File contains verified reserves of $12,456.91. Borrower had verified assets totaling $13,868.42, with $5,957.39 in XXX #XXX as of 3/16/2021 and $7,911.03 in XXX checking #XXX as of 3/24/2021. After subtracting funds required at closing of $1,411.51, borrower had $12,456.91 remaining for reserves, that does not include the funds in the XXX savings account from 2/28/2021. - Seller-06/01/2021

Resolved-Updated print out for Wesom account provided showing higher balance than regular stmt in the file at the time of review. - Due Diligence Vendor-06/02/2021  Resolved-Audited Reserves of 12577.97 are greater than or equal to AUS Required Reserves of 11671.08 - Due Diligence Vendor-06/02/2021

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 5 Years Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of XXX is Greater Than The Guideline Minimum Of XXX By Twenty (20) or More Points Twenty-Four (24) Months Housing History Reviewed With No Late Payments - Twenty-Four (24) Months Housing History Reviewed With No Late Payments Original CLTV is Below the Guideline Maximum By Ten Percent (10%) or More - Original CLTV Of XXX% Is Below the Guideline Maximum Of 85% By Ten Percent (10%) or More Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of XXX% Is Below The Guideline Maximum Of 85% By Ten Percent (10%) Or More

XXX_Reserves.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$120,700.00

CA

Investment

Refinance

Rate and Term

494439053

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$168,700.00

CA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494438994

D

A

D

A

A

A

A

A

Closed

FCRE6019

2021-06-08 13:41

2021-06-08 13:49

Resolved

1 - Information

D

A

Credit

Missing Doc - Credit

Borrower 1 Citizenship Documentation Not Provided

Resolved-Current permanent resident alien card provided. Finding resolved. - Due Diligence Vendor-06/08/2021 Ready for Review-See attached Permanent Resident document - Seller-06/08/2021 Open-Borrower 1 Citizenship Documentation Is Missing. Missing permanent resident documentation. - Due Diligence Vendor-05/25/2021

Ready for Review-See attached Permanent Resident document - Seller-06/08/2021

Resolved-Current permanent resident alien card provided. Finding resolved. - Due Diligence Vendor-06/08/2021

XXX_ID.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$143,300.00

UT

Investment

Refinance

Rate and Term

494438915

C

A

C

A

A

A

A

A

Closed

FCRE1186

2021-06-04 20:07

2021-06-07 14:15

Resolved

3 - Material

C

A

Credit

Eligibility

Audited DTI Exceeds AUS DTI

Resolved-Audited DTI of 48.25% exceeds AUS DTI of 48%  - Due Diligence Vendor-06/07/2021 Ready for Review-6/4: See attached Closing Disclosures from concurrent refinance transactions for the borrower's primary residence and four rental properties. The Closing Disclosures confirm the payments used for primary housing expense and in rental income calculations. The rental income was calculated using tax returns minus PITI payments except for the property at XXX. The lease method (75% of gross rent minus PITI) was used for the XXX. property as the property was acquired in July 2019 as documented in the file. Attached documentation supports calculations and DTI of 48%. - Seller-06/04/2021 Open-Audited DTI of 50.5% exceeds AUS DTI of 48% due to negative rental income of $-433.67 versus lender negative rental income of $-188 - Due Diligence Vendor-05/29/2021

Ready for Review-6/4: See attached Closing Disclosures from concurrent refinance transactions for the borrower's primary residence and four rental properties. The Closing Disclosures confirm the payments used for primary housing expense and in rental income calculations. The rental income was calculated using tax returns minus PITI payments except for the property at XXX The lease method (75% of gross rent minus PITI) was used for the XXX property as the property was acquired in July 2019 as documented in the file. Attached documentation supports calculations and DTI of 48%. - Seller-06/04/2021

Resolved-Audited DTI of 48.25% exceeds AUS DTI of 48%  - Due Diligence Vendor-06/07/2021

XXX_DTI_Rentals.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$292,000.00

TX

Investment

Purchase

NA

494438877

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-30 20:42

2021-06-01 15:31

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX orXXX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/30/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$525,000.00

MA

Investment

Refinance

Rate and Term

494438798

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-27 22:49

2021-05-31 16:09

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/27/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$648,000.00

CA

Investment

Refinance

Rate and Term

494438753

C

A

C

A

A

A

C

A

Closed

FCRE1176

2021-06-02 12:28

2021-06-02 13:01

Resolved

3 - Material

C

A

Credit

Insurance

HO6 Insurance Policy Effective Date is after the Note Date

Resolved-Acknowledged - Due Diligence Vendor-06/02/2021 Ready for Review-XXX has a Vendor XXX and in the event of a gap in coverage any claims would have been covered during that 1 day window. There are no claims reported for this period of time from 03/XX to 03/XX.  - Seller-06/02/2021 Open-HO-6 Insurance Policy Effective Date of 03-XX-2021 is after the Note Date of 03-XX-2021 - Due Diligence Vendor-06/01/2021

Ready for Review-XXX has a Vendor XXX and in the event of a gap in coverage any claims would have been covered during that 1 day window. There are no claims reported for this period of time from 03/XX to 03/XX.  - Seller-06/02/2021

Resolved-Acknowledged - Due Diligence Vendor-06/02/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$316,000.00

UT

Investment

Purchase

NA

494438753

C

A

C

A

A

A

C

A

Closed

FCRE1177

2021-06-02 12:29

2021-06-02 13:00

Resolved

3 - Material

C

A

Credit

Insurance

HO6 Insurance Policy Expiration Date is before the Note Date

Resolved-acknowledged - Due Diligence Vendor-06/02/2021 Ready for Review-Duplicate - XXX has a VendorXXX and in the event of a gap in coverage any claims would have been covered during that 1 day window. There are no claims reported for this period of time from 03/XX to 03/XX.  - Seller-06/02/2021 Open-HO-6 Insurance Policy Expiration Date of 03-XX-2020 is prior to the Note Date of 03-XX-2021 - Due Diligence Vendor-06/01/2021

Ready for Review-Duplicate - XXX has a Vendor XXX and in the event of a gap in coverage any claims would have been covered during that 1 day window. There are no claims reported for this period of time from 03/XX to 03/XX.  - Seller-06/02/2021

Resolved-acknowledged - Due Diligence Vendor-06/02/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$316,000.00

UT

Investment

Purchase

NA

494438753

C

A

C

A

A

A

C

A

Closed

FPRO9939

2021-06-01 16:03

2021-06-01 19:37

Resolved

3 - Material

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 5) - Due Diligence Vendor-06/01/2021

Resolved-Desk review provided with a value of $XXX orXX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$316,000.00

UT

Investment

Purchase

NA

494438725

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-27 03:08

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/27/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$169,109.00

FL

Investment

Purchase

NA

494438662

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$403,000.00

CA

Investment

Refinance

Rate and Term

494438653

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$248,000.00

CA

Investment

Refinance

Rate and Term

494438641

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$183,000.00

WA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494438595

B

B

A

A

B

B

A

A

Closed

FCOM8844

2021-05-29 02:36

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021 Open-Loan would be valid as GSE SH. - Due Diligence Vendor-05/29/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). Full compliance testing conducted with LE’s and CD’s in file.  - Due Diligence Vendor-05/29/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$100,000.00

PA

Investment

Refinance

Cash Out - Other

494438315

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$323,250.00

TX

Investment

Purchase

NA

494438174

D

B

A

A

D

B

C

A

Closed

FPRO9939

2021-05-28 03:20

2021-06-04 18:03

Resolved

3 - Material

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/04/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 5) - Due Diligence Vendor-05/28/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/04/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$78,000.00

MO

Investment

Refinance

Cash Out - Other

494438174

D

B

A

A

D

B

C

A

Closed

FCOM8844

2021-05-24 02:51

2021-05-30 04:47

Acknowledged

2 - Non-Material

D

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021  Acknowledged-Loan would be valid as GSE SH. - Due Diligence Vendor-05/29/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). Full compliance testing conducted with LE’s and CD’s in file.  - Due Diligence Vendor-05/24/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021  Acknowledged-Loan would be valid as GSE SH. - Due Diligence Vendor-05/29/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$78,000.00

MO

Investment

Refinance

Cash Out - Other

494438162

D

B

D

A

B

B

C

A

Closed

FCRE1437

2021-05-26 14:46

2021-06-02 15:26

Resolved

3 - Material

C

A

Credit

Income

Income and Employment Do Not Meet Guidelines

Resolved-Agree with statement made and WVOE was provided at review - Due Diligence Vendor-06/02/2021 Ready for Review-Please see attached VOE and income worksheet.  Borrower works on commission only.  Per VOE provided, no bonus income was yet earned for the year at the time the VOE was filled out. - Seller-05/26/2021 Open-Income and Employment Do Not Meet Guidelines - AUS requires commission income to be documented for YTD and prior 2 years. Prior 2 years commission income was provided, however, YTD commission earnings were not provided. - Due Diligence Vendor-05/25/2021

Ready for Review-Please see attached VOE and income worksheet.  Borrower works on commission only.  Per VOE provided, no bonus income was yet earned for the year at the time the VOE was filled out. - Seller-05/26/2021

Resolved-Agree with statement made and WVOE was provided at review - Due Diligence Vendor-06/02/2021

XXX VOE.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$524,233.00

CO

Investment

Refinance

Cash Out - Other

494438162

D

B

D

A

B

B

C

A

Closed

FCRE7497

2021-05-26 13:43

2021-06-02 15:24

Resolved

3 - Material

D

A

Credit

Missing Doc

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

Resolved-Provided as conditioned - Due Diligence Vendor-06/02/2021 Ready for Review-Please see attached, thank you - Seller-05/26/2021 Open-Missing verification of the Taxes and insurance for the property at XXX. - Due Diligence Vendor-05/22/2021

Ready for Review-Please see attached, thank you - Seller-05/26/2021

Resolved-Provided as conditioned - Due Diligence Vendor-06/02/2021

taxes and ins.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$524,233.00

CO

Investment

Refinance

Cash Out - Other

494438162

D

B

D

A

B

B

C

A

Closed

FCRE1253

2021-05-25 18:52

2021-06-02 15:23

Resolved

3 - Material

C

A

Credit

Eligibility

Missing Property Tax Cert

Resolved-Provided as conditioned - Due Diligence Vendor-06/02/2021 Ready for Review-Please see attached, thank you - Seller-05/25/2021 Open-Missing Property Tax Cert - Due Diligence Vendor-05/24/2021 Open-Missing Property Tax Cert.  Missing the tax cert for the subject property.  Use the taxes listed on the appraisal for the monthly tax payment. - Due Diligence Vendor-05/22/2021

Ready for Review-Please see attached, thank you - Seller-05/25/2021

Resolved-Provided as conditioned - Due Diligence Vendor-06/02/2021

XXX tax cert XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$524,233.00

CO

Investment

Refinance

Cash Out - Other

494438162

D

B

D

A

B

B

C

A

Closed

FPRO5405

2021-05-25 01:48

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible). Desk review pending. - Due Diligence Vendor-05/25/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$524,233.00

CO

Investment

Refinance

Cash Out - Other

494438162

D

B

D

A

B

B

C

A

Closed

FCOM8844

2021-05-22 15:22

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/25/2021 Open-CD shows that all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes).  - Due Diligence Vendor-05/22/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/25/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$524,233.00

CO

Investment

Refinance

Cash Out - Other

494437913

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-19 02:19

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible). Desk Review pending. - Due Diligence Vendor-05/19/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$258,750.00

ID

Investment

Purchase

NA

494437349

D

A

C

A

A

A

D

A

Closed

FCRE1440

2021-05-25 19:24

2021-06-02 16:15

Resolved

3 - Material

C

A

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Docs provided showing concurrent purchase. - Due Diligence Vendor-06/02/2021 Ready for Review-Please see attached.  XXX is attached to XXX, payment history not needed as this was a concurrent purchase - Seller-05/25/2021 Open-Housing History Does Not Meet Guideline Requirements. Missing pay history for XXX. - Due Diligence Vendor-05/25/2021

Ready for Review-Please see attached.  XXX  is attached to XXX, payment history not needed as this was a concurrent purchase - Seller-05/25/2021

Resolved-Docs provided showing concurrent purchase. - Due Diligence Vendor-06/02/2021

XXX 1st Pay Ltr_XXX.pdf XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$175,920.00

GA

Investment

Purchase

NA

494437349

D

A

C

A

A

A

D

A

Closed

FPRO1244

2021-05-25 02:38

2021-05-30 05:35

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/25/2021 Open-Third party valuation report pending. - Due Diligence Vendor-05/25/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/25/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$175,920.00

GA

Investment

Purchase

NA

494437339

C

A

C

A

A

A

C

A

Closed

FPRO5405

2021-06-02 18:59

2021-06-07 12:08

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX orXX% variance. Finding resolved. - Due Diligence Vendor-06/07/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-06/04/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/07/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$145,400.00

MN

Investment

Refinance

Rate and Term

494437339

C

A

C

A

A

A

C

A

Closed

FCRE1186

2021-06-02 16:06

2021-06-02 19:00

Resolved

3 - Material

C

A

Credit

Eligibility

Audited DTI Exceeds AUS DTI

Resolved-Statement provided breaking down full PITIA payment. DTI 24.94% within tolerance. - Due Diligence Vendor-06/02/2021 Resolved-Audited DTI of 24.94% exceeds AUS DTI of 23%  - Due Diligence Vendor-06/02/2021 Ready for Review-6/2: Disagree. AUS DTI ratio of 23% was supported. The HOA dues for the property located at XXX were included in the $1,270.50 payment used for qualifying. Attached mortgage statement from the file confirms PITI payment of $978 included escrows for taxes and insurance plus $292.50 monthly HOA fee results in payment amount of $1,270.50. Total debts calculated to $3,935.81 based on primary housing payment of $1,118.23, subject PITIA of $1,034.06, Cohansey REO payment of $1,270.50, plus credit report debt of $513.02. The credit report debt is based on payment amounts reported on the credit report and using 0.5% of the balance to calculate payment on the two student loan debts with monthly payment amount of zero reported on the credit report as allowed per attached page of section 5401.2 of Freddie Mac Guidelines that states to use the monthly payment amount reported on the credit report and if the payment amount reported is zero to use 0.5% of the outstanding loan balance. - Seller-06/02/2021 Open-Audited DTI of 26.17% exceeds AUS DTI of 23%. Due to HOA dues for property located at XXX not included in DTI. - Due Diligence Vendor-05/30/2021 Open-Audited DTI of 26.17% exceeds AUS DTI of 23%. Due to HOA dues for property located at XXX not included in DTI. - Due Diligence Vendor-05/28/2021

Ready for Review-6/2: Disagree. AUS DTI ratio of 23% was supported. The HOA dues for the property located at XXX were included in the $1,270.50 payment used for qualifying. Attached mortgage statement from the file confirms PITI payment of $978 included escrows for taxes and insurance plus $292.50 monthly HOA fee results in payment amount of $1,270.50. Total debts calculated to $3,935.81 based on primary housing payment of $1,118.23, subject PITIA of $1,034.06, XXX REO payment of $1,270.50, plus credit report debt of $513.02. The credit report debt is based on payment amounts reported on the credit report and using 0.5% of the balance to calculate payment on the two student loan debts with monthly payment amount of zero reported on the credit report as allowed per attached page of section 5401.2 of Freddie Mac Guidelines that states to use the monthly payment amount reported on the credit report and if the payment amount reported is zero to use 0.5% of the outstanding loan balance. - Seller-06/02/2021

Resolved-Statement provided breaking down full PITIA payment. DTI 24.94% within tolerance. - Due Diligence Vendor-06/02/2021  Resolved-Audited DTI of 24.94% exceeds AUS DTI of 23%  - Due Diligence Vendor-06/02/2021

XXX_Debts_REO.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$145,400.00

MN

Investment

Refinance

Rate and Term

494437272

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-20 23:52

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/20/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$600,000.00

CA

Investment

Refinance

Rate and Term

494437133

D

A

D

A

A

A

A

A

Closed

FCRE1316

2021-06-01 00:23

2021-06-02 14:51

Resolved

3 - Material

D

A

Credit

Missing Doc - Employment

Borrower 1 3rd Party VOE Prior to Close Missing

Resolved-VVOE sated 3/XX was provided - Due Diligence Vendor-06/02/2021 Ready for Review-Disagree. The file contains the attached VVOE for XXX dated 3/XX/21 which is within the required 10 business days of the 3/XX/21 Note date. - Seller-06/01/2021 Open-VVOE for borrower 1 within 10 day so of closing was not provided as required. - Due Diligence Vendor-05/27/2021

Ready for Review-Disagree. The file contains the attached VVOE for XXX dated 3/XX/21 which is within the required 10 business days of the 3/XX/21 Note date. - Seller-06/01/2021

Resolved-VVOE sated 3/XX was provided - Due Diligence Vendor-06/02/2021

XXX_VVOE.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$356,553.00

FL

Investment

Purchase

NA

494437105

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-22 19:14

2021-06-04 18:15

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/04/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/22/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/04/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$52,800.00

MO

Investment

Purchase

NA

494437105

C

A

A

A

A

A

C

A

Closed

FVAL2477

2021-05-28 16:43

2021-06-01 21:27

Resolved

3 - Material

C

A

Property

Appraisal

Appraisal incomplete (missing map, layout, pages, etc.)

Resolved-Appraisal provided. - Due Diligence Vendor-06/01/2021 Ready for Review-See attached appraisal with all signatures visible. - Seller-05/28/2021 Open-Appraisal provided shows all signatures blacked out. - Due Diligence Vendor-05/20/2021

Ready for Review-See attached appraisal with all signatures visible. - Seller-05/28/2021

Resolved-Appraisal provided. - Due Diligence Vendor-06/01/2021

XXX_Appraisal.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$52,800.00

MO

Investment

Purchase

NA

494437023

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$139,128.00

GA

Investment

Purchase

NA

494436990

B

B

A

A

B

B

A

A

Closed

FCOM8844

2021-06-01 14:29

2021-06-01 18:10

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-06/01/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). - Due Diligence Vendor-06/01/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-06/01/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$156,000.00

UT

Investment

Refinance

Cash Out - Other

494436883

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-25 00:21

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/25/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible). Desk review pending. - Due Diligence Vendor-05/25/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/25/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$405,000.00

FL

Investment

Purchase

NA

494436305

D

A

A

A

A

A

D

A

Closed

FPRO1244

2021-05-28 16:34

2021-05-31 15:42

Resolved

3 - Material

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-CU score was not provided on DU approved loan. - Due Diligence Vendor-05/28/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$446,250.00

TX

Investment

Purchase

NA

494436279

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$81,400.00

TX

Investment

Purchase

NA

494436185

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$268,800.00

AZ

Investment

Purchase

NA

494436067

D

A

A

A

A

A

D

A

Closed

FPRO1244

2021-05-26 02:31

2021-05-30 05:35

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/26/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$278,000.00

RI

Investment

Refinance

Rate and Term

494435997

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-29 06:40

2021-05-31 15:16

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/29/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$252,000.00

CA

Investment

Refinance

Rate and Term

494435996

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$300,000.00

CA

Investment

Refinance

Rate and Term

494435995

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$165,000.00

CA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494435931

C

B

A

A

C

B

C

A

Closed

finding-651

2021-06-03 15:42

2021-06-03 17:38

Resolved

3 - Material

C

A

Compliance

Points & Fees

TILA Finance Charge Test

Resolved-PCCD and letter to borrower provided correcting name of fee to an non APR fee. - Due Diligence Vendor-06/03/2021 Ready for Review-1026.4(c)(7) The following fees in a transaction secured by real property or in a residential mortgage transaction, if the fees are bona fide and reasonable in amount: (i) Fees for title examination, abstract of title, title insurance, property survey, and similar purposes. (ii) Fees for preparing loan-related documents, such as deeds, mortgages, and reconveyance or settlement documents. (iii) Notary and credit-report fees. (iv) Property appraisal fees or fees for inspections to assess the value or condition of the property if the service is performed prior to closing, including fees related to pest-infestation or flood-hazard determinations. (v) Amounts required to be paid into escrow or trustee accounts if the amounts would not otherwise be included in the finance charge. Official interpretation of 4(c)(7) Real estate or residential mortgage transaction charges. The list of charges in § 1026.4(c)(7) applies both to residential mortgage transactions (which may include, for example, the purchase of a mobile home) and to other transactions secured by real estate. The fees are excluded from the finance charge even if the services for which the fees are imposed are performed by the creditor's employees rather than by a third party. In addition, the cost of verifying or confirming information connected to the item is also excluded. For example, credit-report fees cover not only the cost of the report but also the cost of verifying information in the report. In all cases, charges excluded under § 1026.4(c)(7) must be bona fide and reasonable.  - Seller-06/03/2021 Open-Issue remains as the name change to title insurance binder does not resolve the finance charge as this is also to be included lender prepaid finance charges. - Due Diligence Vendor-06/02/2021 Ready for Review-Please review corrected CD and letter to borrower with fee name correction to Title Services fee to Title Insurance Binder. - Due Diligence Vendor-05/30/2021 Ready for Review-Please review corrected CD and letter to borrower with fee name correction to Title Services fee to Title Insurance Binder. - Seller-05/28/2021 Open-Loan fails TILA Finance charge test due to exclusion of $150 title services fee from lender's prepaid finance charges. See Mavent report in file - pg. 887, Lender fee sheet - p. 756 - Due Diligence Vendor-05/23/2021 Open-This loan failed the TILA finance charge test.( 12 CFR §1026.18(d)(1) , transferred from  12 CFR §226.18(d)(1) )The finance charge is $326,715.57. The disclosed finance charge of  $326,565.57 is not considered accurate because it is understated by more than $100. - Due Diligence Vendor-05/23/2021

Ready for Review-1026.4(c)(7) The following fees in a transaction secured by real property or in a residential mortgage transaction, if the fees are bona fide and reasonable in amount: (i) Fees for title examination, abstract of title, title insurance, property survey, and similar purposes. (ii) Fees for preparing loan-related documents, such as deeds, mortgages, and reconveyance or settlement documents. (iii) Notary and credit-report fees. (iv) Property appraisal fees or fees for inspections to assess the value or condition of the property if the service is performed prior to closing, including fees related to pest-infestation or flood-hazard determinations. (v) Amounts required to be paid into escrow or trustee accounts if the amounts would not otherwise be included in the finance charge. Official interpretation of 4(c)(7) Real estate or residential mortgage transaction charges. The list of charges in § 1026.4(c)(7) applies both to residential mortgage transactions (which may include, for example, the purchase of a mobile home) and to other transactions secured by real estate. The fees are excluded from the finance charge even if the services for which the fees are imposed are performed by the creditor's employees rather than by a third party. In addition, the cost of verifying or confirming information connected to the item is also excluded. For example, credit-report fees cover not only the cost of the report but also the cost of verifying information in the report. In all cases, charges excluded under § 1026.4(c)(7) must be bona fide and reasonable.  - Seller-06/03/2021  Ready for Review-Please review corrected CD and letter to borrower with fee name correction to Title Services fee to Title Insurance Binder. - Seller-05/28/2021

Resolved-PCCD and letter to borrower provided correcting name of fee to an non APR fee. - Due Diligence Vendor-06/03/2021

XXX ltr to brrwr.pdf XXX PCCD.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$500,000.00

SC

Investment

Refinance

Cash Out - Other

494435931

C

B

A

A

C

B

C

A

Closed

FPRO5405

2021-05-23 03:29

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/23/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$500,000.00

SC

Investment

Refinance

Cash Out - Other

494435931

C

B

A

A

C

B

C

A

Closed

FCOM8844

2021-05-23 03:15

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/26/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). Full compliance testing conducted with LE’s and CD’s in file. - Due Diligence Vendor-05/23/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021  Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/26/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$500,000.00

SC

Investment

Refinance

Cash Out - Other

494435906

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-19 03:27

2021-05-30 04:34

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible). Desk review pending. - Due Diligence Vendor-05/19/2021

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$170,000.00

TX

Investment

Purchase

NA

494435878

B

B

A

A

B

B

A

A

Closed

FCOM8844

2021-05-20 00:55

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/21/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). Full compliance testing conducted with LE’s and CD’s in file. - Due Diligence Vendor-05/20/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/21/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$108,750.00

TX

Investment

Refinance

Cash Out - Other

494435845

B

B

A

A

A

A

B

B

Closed

FPRO1498

2021-05-19 19:11

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/30/2021  Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/19/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$246,300.00

AZ

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494435752

D

B

A

A

C

B

D

A

Closed

finding-3632

2021-06-03 13:09

2021-06-03 16:42

Resolved

3 - Material

C

A

Compliance

Disclosures (Federal, State, and Data Dependent)

Consummation or Reimbursement Date Validation Test

Resolved-COCs provided to validate increase in fees.  - Due Diligence Vendor-06/03/2021 Ready for Review-Change of Circumstance for the addition of the Transfer Taxes has been uploaded. - Seller-06/03/2021 Open-This loan failed the closing or reimbursement date validation test.The loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations. - Due Diligence Vendor-05/25/2021

Ready for Review-Change of Circumstance for the addition of the Transfer Taxes has been uploaded. - Seller-06/03/2021

Resolved-COCs provided to validate increase in fees.  - Due Diligence Vendor-06/03/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$189,000.00

PA

Investment

Refinance

Cash Out - Other

494435752

D

B

A

A

C

B

D

A

Closed

finding-3631

2021-06-03 13:09

2021-06-03 16:42

Resolved

3 - Material

C

A

Compliance

Points & Fees

Reimbursement Amount Validation Test

Resolved-COCs provided to validate increase in fees.  - Due Diligence Vendor-06/03/2021 Ready for Review-Change of Circumstance for the addition of the Transfer Taxes has been uploaded. - Seller-06/03/2021 Open-This loan failed the reimbursement amount validation test.The loan failed one or more tolerance tests and did not provide a reimbursement amount. This information is necessary in order to correctly perform reimbursement calculations. - Due Diligence Vendor-05/25/2021

Ready for Review-Change of Circumstance for the addition of the Transfer Taxes has been uploaded. - Seller-06/03/2021

Resolved-COCs provided to validate increase in fees.  - Due Diligence Vendor-06/03/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$189,000.00

PA

Investment

Refinance

Cash Out - Other

494435752

D

B

A

A

C

B

D

A

Closed

finding-3634

2021-06-03 13:08

2021-06-03 16:42

Resolved

3 - Material

C

A

Compliance

TRID

Charges That Cannot Increase Test

Resolved-COCs provided to validate increase in fees.  - Due Diligence Vendor-06/03/2021 Ready for Review-Change of Circumstance for the addition of the Transfer Taxes has been uploaded. - Seller-06/03/2021 Open-Transfer taxes or State Tax Stamps were added to the loan in the amount of $6250 without a valid change of circumstance. - Due Diligence Vendor-05/27/2021 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 $6,250.00.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). - Due Diligence Vendor-05/25/2021

Ready for Review-Change of Circumstance for the addition of the Transfer Taxes has been uploaded. - Seller-06/03/2021

Resolved-COCs provided to validate increase in fees.  - Due Diligence Vendor-06/03/2021

XXX - Change of Circumstance.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$189,000.00

PA

Investment

Refinance

Cash Out - Other

494435752

D

B

A

A

C

B

D

A

Closed

FPRO1244

2021-05-28 05:21

2021-05-31 15:13

Resolved

3 - Material

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/28/2021

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$189,000.00

PA

Investment

Refinance

Cash Out - Other

494435752

D

B

A

A

C

B

D

A

Closed

FCOM8844

2021-05-27 23:16

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/28/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes).  - Due Diligence Vendor-05/27/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/28/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$189,000.00

PA

Investment

Refinance

Cash Out - Other

494435751

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$121,500.00

PA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494435616

B

B

A

A

A

A

B

B

Closed

FPRO1498

2021-05-19 21:44

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/30/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/19/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$159,986.00

NC

Investment

Refinance

Rate and Term

494435614

B

B

A

A

A

A

B

B

Closed

FPRO1498

2021-05-21 16:28

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/27/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/21/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/27/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$164,515.00

NC

Investment

Refinance

Rate and Term

494435536

D

B

A

A

B

B

D

A

Closed

FPRO1244

2021-05-21 17:25

2021-06-07 19:43

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/07/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021 Open-CU score was not provided on DU approved loan. - Due Diligence Vendor-05/21/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/07/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$360,500.00

NJ

Investment

Refinance

Cash Out - Other

494435536

D

B

A

A

B

B

D

A

Closed

FCOM8844

2021-05-21 17:13

2021-05-30 04:48

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/24/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). Full compliance testing conducted with LE’s and CD’s in file. - Due Diligence Vendor-05/21/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$360,500.00

NJ

Investment

Refinance

Cash Out - Other

494435484

D

B

C

A

D

B

A

A

Closed

FCOM8844

2021-05-18 01:06

2021-05-30 04:25

Acknowledged

2 - Non-Material

D

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/19/2021 Open-CD shows that all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). - Due Diligence Vendor-05/18/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/19/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$67,900.00

TN

Investment

Refinance

Cash Out - Other

494435484

D

B

C

A

D

B

A

A

Closed

FCRE1148

2021-05-20 16:38

2021-05-30 04:22

Resolved

3 - Material

C

A

Credit

Title

Title Coverage is Less than Subject Lien(s) Total

Resolved-Short Form Loan Policy provided with insurance amount of $XXX - Due Diligence Vendor-05/21/2021 Resolved-Title Coverage Amount of $XXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-05/21/2021 Ready for Review-Final Title Policy for loan number XXX - Seller-05/20/2021 Open-Title Coverage Amount of $52500 is Less than Total Amount of Subject Lien(s) $XXX - Due Diligence Vendor-05/18/2021 Open-Title Coverage Amount of $XXX is Less than Total Amount of Subject Lien(s) Loan amount updated from initial request - no updated commitment in file - Due Diligence Vendor-05/17/2021

Ready for Review-Final Title Policy for loan number XXX - Seller-05/20/2021

Resolved-Short Form Loan Policy provided with insurance amount of $XXX - Due Diligence Vendor-05/21/2021  Resolved-Title Coverage Amount of $XXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-05/21/2021

XXX FTP.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$67,900.00

TN

Investment

Refinance

Cash Out - Other

494435384

D

B

D

A

A

A

B

B

Closed

FCRE1345

2021-06-07 14:43

2021-06-07 15:30

Resolved

3 - Material

D

A

Credit

Missing Doc - Income

Borrower 1 Lease Agreements Missing

Resolved-Documents provided to verify monthly housing expense and rental income. - Due Diligence Vendor-06/07/2021 Ready for Review-Please see attached closing disclosures showing monthly PITIA for refinanced property. Also please see attached rental income worksheet showing a total monthly rental income in the amount of $3,266.  DTI is 35%. Calculated DTI is less than AUS DTI, as such the loan is not required to be re-submitted to AUS. - Seller-06/07/2021 Open-Per underwriting note on pg 296 indicates all investment properties being refinanced simultaneously. No evidence of updated PITIA for all properties impacted. - Due Diligence Vendor-05/21/2021 Ready for Review-Disagree with finding: The loan is underwritten under Fannie Mae Guidelines. As per AUS finding, the documentation required is either the borrower most recent federal income tax return or lease agreement. The file contains the most recent federal tax return, therefore the lease agreements are not required. - Seller-05/20/2021 Open- - Due Diligence Vendor-05/19/2021 Open- - Due Diligence Vendor-05/19/2021 Open- - Due Diligence Vendor-05/19/2021 Open-Borrower holds a 99% interest in a partnership where all properties listed on the final 1003- including subject- are held.  Per lender note, all are being refinanced to individual name out of this business, however proof of impact to rental income, as well as confirmation of new payment amounts were not provided.  Full verification of these details required as cannot fully calculate for qualifying without this information. - Due Diligence Vendor-05/17/2021

Ready for Review-Please see attached closing disclosures showing monthly PITIA for refinanced property. Also please see attached rental income worksheet showing a total monthly rental income in the amount of $3,266.  DTI is 35%. Calculated DTI is less than AUS DTI, as such the loan is not required to be re-submitted to AUS. - Seller-06/07/2021  Ready for Review-Disagree with finding: The loan is underwritten under Fannie Mae Guidelines. As per AUS finding, the documentation required is either the borrower most recent federal income tax return or lease agreement. The file contains the most recent federal tax return, therefore the lease agreements are not required. - Seller-05/20/2021

Resolved-Documents provided to verify monthly housing expense and rental income. - Due Diligence Vendor-06/07/2021

XXX - DU Tolerance.pdf XXX - XXX.pdf XXX - XXX - XXX Rental Income.pdf XXX - XXX - XXX.pdf XXX - XXX - XXX Rental Income.pdf XXX - XXX - XXX.pdf XXX - XXX - XXX Rental Income.pdf XXX - XXX - XXX Ave.pdf XXX - XXX - XXX Rental Income.pdf XXX - XXX - XXX Rental Income.pdf XXX - XXX - XXX.pdf XXX - XXX - XXX.pdf XXX - XXX - XXX Rental Income.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$254,540.00

UT

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494435384

D

B

D

A

A

A

B

B

Closed

FPRO1498

2021-05-18 13:58

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/18/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$254,540.00

UT

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494434965

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$75,000.00

TX

Investment

Purchase

NA

494434897

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$65,600.00

WI

Investment

Purchase

NA

494434729

C

A

A

A

A

A

C

A

Closed

FPRO9939

2021-05-26 22:33

2021-05-30 05:45

Resolved

1 - Information

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or -XXX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 3) - Due Diligence Vendor-05/26/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or -XXX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$404,250.00

CO

Investment

Refinance

Cash Out - Other

494434694

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$162,000.00

TX

Investment

Refinance

Rate and Term

494434659

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$507,779.00

HI

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494434340

B

B

A

A

A

A

B

B

Closed

FPRO1498

2021-05-19 17:13

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/19/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$172,000.00

GA

Investment

Refinance

Rate and Term

494433853

C

A

C

A

A

A

A

A

Closed

FCRE1168

2021-06-02 18:42

2021-06-02 19:38

Resolved

3 - Material

C

A

Credit

Insurance

Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage is less than all Subject Lien(s) and Replacement Cost Value Provided

Resolved-Replacement cost estimate provided. - Due Diligence Vendor-06/02/2021 Resolved-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $XXX- Due Diligence Vendor-06/02/2021 Ready for Review-Replacement Cost Estimator has been received and uploaded. - Seller-06/02/2021 Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $XXX - Due Diligence Vendor-05/26/2021 Open-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXX is less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $XX - Due Diligence Vendor-05/25/2021

Ready for Review-Replacement Cost Estimator has been received and uploaded. - Seller-06/02/2021

Resolved-Replacement cost estimate provided. - Due Diligence Vendor-06/02/2021  Resolved-Inadequate Hazard Insurance Coverage - Hazard Insurance Coverage Amount of $XXXis less than all Subject Lien(s) and/or Replacement Cost Estimator is provided but Hazard Insurance Coverage Amount is less than Replacement Cost Value of $XXX - Due Diligence Vendor-06/02/2021

XXX - Replacement Cost Estimator.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$450,000.00

CA

Investment

Refinance

Rate and Term

494433711

D

B

C

B

A

A

D

A

Closed

FCRE1186

2021-06-02 16:19

2021-06-03 14:09

Acknowledged

2 - Non-Material

C

B

Credit

Eligibility

Audited DTI Exceeds AUS DTI

Acknowledged-Post close AUS ran with new DTI of 35.77% versus review DTI of 31.39% - Due Diligence Vendor-06/03/2021 Ready for Review-Please see updated AUS with higher DTI (appears underwriter accidentally input still higher DTI), still retained approve/eligible.  Please see mortgage statement for XXX, borrower is not on loan. - Seller-06/02/2021 Open-DTI is 31.39% and is required to be rerun. Cause for higher DTI than DU of 19.42%, is due to additional property for XXX noted on the 1003 and #XXX were not included to evidence negative rents while review used full PITI as required. - Due Diligence Vendor-05/26/2021 Open-DTI is 31.39% and is required to be rerun. Cause for higher DTI than DU of 19.42%, is due to additional property for XXX noted on the 1003 and XXX were not included to evidence negative rents while review used full PITI as required. Provide corrected DU and 1008 to match. - Due Diligence Vendor-05/25/2021

Ready for Review-Please see updated AUS with higher DTI (appears underwriter accidentally input still higher DTI), still retained approve/eligible.  Please see mortgage statement for XXX, borrower is not on loan. - Seller-06/02/2021

Acknowledged-Post close AUS ran with new DTI of 35.77% versus review DTI of 31.39% - Due Diligence Vendor-06/03/2021

XXX 1003.pdf XXX AUS.pdf XXX 1008.pdf XXX mtg stmt.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$330,000.00

AZ

Investment

Purchase

NA

494433711

D

B

C

B

A

A

D

A

Closed

FPRO1244

2021-05-26 02:57

2021-05-30 05:35

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/26/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/26/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$330,000.00

AZ

Investment

Purchase

NA

494433510

B

B

A

A

B

B

A

A

Closed

FCOM8844

2021-05-28 22:42

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021  Acknowledged-Loan would be valid as GSE SH. - Due Diligence Vendor-05/29/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but the borrower's cash out letter was not specific in disclosing which property would benefit from use of the cash in hand funds(consumer or business purposes). Full compliance testing conducted with LE’s and CD’s in file. - Due Diligence Vendor-05/28/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021  Acknowledged-Loan would be valid as GSE SH. - Due Diligence Vendor-05/29/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$61,600.00

AL

Investment

Refinance

Cash Out - Other

494432963

B

B

A

A

A

A

B

B

Closed

FPRO1498

2021-05-29 19:03

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/30/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/29/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/30/2021  Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/30/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$105,800.00

NC

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494432887

C

A

A

A

A

A

C

A

Closed

FPRO9939

2021-05-27 23:16

2021-05-30 05:45

Resolved

1 - Information

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 2.8) - Due Diligence Vendor-05/27/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$120,000.00

CA

Investment

Purchase

NA

494432010

D

A

C

A

A

A

D

A

Closed

FCRE1455

2021-06-02 19:41

2021-06-02 20:18

Resolved

3 - Material

C

A

Credit

Assets

Asset 1 Less Than 2 Months Verified

Resolved-Three months statements provided. - Due Diligence Vendor-06/02/2021 Ready for Review-6/2: Three months consecutive bank statements are attached with balance of $6,409.43 as of 2/26/2021, with balance matching available assets per DU Findings and sufficient to meet reserves requirement. - Seller-06/02/2021 Open-Asset 1 Less Than 2 Months Verified.  Missing second consecutive month of asset statement.   - Due Diligence Vendor-05/28/2021 Open-Asset 1 Less Than 2 Months Verified - Due Diligence Vendor-05/28/2021

Ready for Review-6/2: Three months consecutive bank statements are attached with balance of $6,409.43 as of 2/26/2021, with balance matching available assets per DU Findings and sufficient to meet reserves requirement. - Seller-06/02/2021

Resolved-Three months statements provided. - Due Diligence Vendor-06/02/2021

XXX_Assets.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$184,200.00

UT

Investment

Refinance

Cash Out - Other

494432010

D

A

C

A

A

A

D

A

Closed

FPRO1244

2021-05-28 03:34

2021-05-31 15:35

Resolved

3 - Material

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-CU score was not provided on DU approved loan. - Due Diligence Vendor-05/28/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$184,200.00

UT

Investment

Refinance

Cash Out - Other

494431956

C

A

A

A

A

A

C

A

Closed

FPRO9939

2021-05-22 15:28

2021-05-30 05:45

Resolved

1 - Information

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 3) - Due Diligence Vendor-05/22/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$110,400.00

OH

Investment

Purchase

NA

494431863

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$236,250.00

UT

Investment

Purchase

NA

494431795

D

A

C

A

A

A

D

A

Closed

FCRE1186

2021-06-03 17:33

2021-06-03 19:37

Resolved

3 - Material

C

A

Credit

Eligibility

Audited DTI Exceeds AUS DTI

Resolved-Audited DTI of 44.85% is less than or equal to AUS DTI of 45.63%  - Due Diligence Vendor-06/03/2021 Ready for Review-Please see attached closing disclosure for property located at XXX showing a monthly payment of $2,288. - Seller-06/03/2021 Open-Updated DTI 48.02% once depreciation added back in. Variance of DTI due to property located at 4055 N Springfield. AUS included $2276.25 versus Credit Report payment listed of $2566. No evidence in file of concurrent refinance to support payment of $2276.25 - Due Diligence Vendor-06/02/2021 Open-Audited DTI of 48.02% exceeds AUS DTI of 45.63%  - Due Diligence Vendor-06/02/2021 Ready for Review-Disagree with finding: Auditor did not add back the depreciation in the amount of $9,348 to rental calculation. The result of adding the depreciation back will result a rental income in the amount of $1,559. - Due Diligence Vendor-05/30/2021 Ready for Review-Disagree with finding: Auditor did not add back the depreciation in the amount of $9,348 to rental calculation. The result of adding the depreciation back will result a rental income in the amount of $1,559. - Seller-05/28/2021 Open-The calculated DTI is 55.23%, the DU DTI is 45.63%.  The difference is due to the rental income for the subject property, The lender used $1,416.83.  The calculated rental income is $780.16. - Due Diligence Vendor-05/25/2021

Ready for Review-Please see attached closing disclosure for property located at XXX  showing a monthly payment of $2,288. - Seller-06/03/2021 Ready for Review-Disagree with finding: Auditor did not add back the depreciation in the amount of $9,348 to rental calculation. The result of adding the depreciation back will result a rental income in the amount of $1,559. - Seller-05/28/2021

Resolved-Audited DTI of 44.85% is less than or equal to AUS DTI of 45.63%  - Due Diligence Vendor-06/03/2021

XXX CD.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$437,450.00

IL

Investment

Refinance

Cash Out - Debt Consolidation

494431795

D

A

C

A

A

A

D

A

Closed

FPRO1244

2021-05-27 03:25

2021-05-30 05:35

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/27/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$437,450.00

IL

Investment

Refinance

Cash Out - Debt Consolidation

494431733

D

A

A

A

D

A

A

A

Closed

FCOM1231

2021-06-04 20:30

2021-06-05 03:07

Resolved

1 - Information

D

A

Compliance

Missing Doc - Closing Package

The Initial 1003 is Missing

Resolved-Initial 1003 provided. - Due Diligence Vendor-06/05/2021 Ready for Review-The initial 1003 has been uploaded. - Seller-06/04/2021 Open-The Initial 1003 is Missing - Due Diligence Vendor-05/27/2021

Ready for Review-The initial 1003 has been uploaded. - Seller-06/04/2021

Resolved-Initial 1003 provided. - Due Diligence Vendor-06/05/2021

XXX_1003.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$62,400.00

MO

Investment

Purchase

NA

494431676

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$244,000.00

CO

Investment

Purchase

NA

494431674

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$548,250.00

TX

Investment

Purchase

NA

494431457

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$222,640.00

PA

Investment

Purchase

NA

494431447

D

B

D

A

B

B

A

A

Closed

FCRE7497

2021-05-30 23:34

2021-06-02 15:06

Resolved

3 - Material

D

A

Credit

Missing Doc

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

Resolved-MTG stmts provided showing property is escrowed. - Due Diligence Vendor-06/02/2021 Ready for Review-5/30: Attached from the file are the mortgage statements for the two properties confirming mortgage payments include escrows for taxes and insurance.  - Seller-05/30/2021 Open-Missing verification for Taxes and insurance for the following properties: 1- XXX 2- XXX  - Due Diligence Vendor-05/26/2021

Ready for Review-5/30: Attached from the file are the mortgage statements for the two properties confirming mortgage payments include escrows for taxes and insurance.  - Seller-05/30/2021

Resolved-MTG stmts provided showing property is escrowed. - Due Diligence Vendor-06/02/2021

XXX_REO_Escrowed.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$100,000.00

TX

Investment

Refinance

Cash Out - Other

494431447

D

B

D

A

B

B

A

A

Closed

FCRE1764

2021-05-30 23:37

2021-06-02 13:16

Resolved

3 - Material

D

A

Credit

Missing Doc

Missing Verification of Mortgage

Resolved-Documentation provided showing XX in addition to XX as required. - Due Diligence Vendor-06/02/2021 Ready for Review-5/30: The REO properties at XXX are both owned free and clear. See attached HOI policies to support no mortgagees. Verification of HOI and tax payment on both properties attached from the file. - Seller-05/30/2021 Open-Missing verification of mortgage for the following REOs: 1- XXX 2- XXX  - Due Diligence Vendor-05/26/2021

Ready for Review-5/30: The REO properties at XXX. and XXX. are both owned free and clear. See attached HOI policies to support no mortgagees. Verification of HOI and tax payment on both properties attached from the file. - Seller-05/30/2021

Resolved-Documentation provided showing XX in addition to XXX as required. - Due Diligence Vendor-06/02/2021

XXX_REO_FreeClear.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$100,000.00

TX

Investment

Refinance

Cash Out - Other

494431447

D

B

D

A

B

B

A

A

Closed

FCOM8844

2021-05-28 15:52

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021  Acknowledged-Loan would be eligible as GSE SH. - Due Diligence Vendor-05/29/2021 Open-CD shows that all cash out is going directly to borrower but it was not specifically disclosed how the cash in hand was to be utilized (consumer or business purposes). Letter in file stated cash-out funds to be used for home remodeling/ repairs, however, did not designate  which property funds would be used to remodel/repair. Full compliance testing completed successfully -with LE’s and CD’s in file. - Due Diligence Vendor-05/28/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021  Acknowledged-Loan would be eligible as GSE SH. - Due Diligence Vendor-05/29/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$100,000.00

TX

Investment

Refinance

Cash Out - Other

494431403

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$215,000.00

NC

Investment

Purchase

NA

494430964

D

A

D

A

A

A

D

A

Closed

FPRO1244

2021-05-20 02:37

2021-06-08 12:10

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/08/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021 Open-Third party valuation required. - Due Diligence Vendor-05/20/2021

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-06/08/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$435,000.00

NJ

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494430964

D

A

D

A

A

A

D

A

Closed

FCRE7497

2021-05-20 21:05

2021-05-30 04:50

Resolved

3 - Material

D

A

Credit

Missing Doc

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

Resolved-CD with PITI provided. - Due Diligence Vendor-05/21/2021 Ready for Review-Disagree with finding: The file contains the closing disclosure of the property located at XXX. Please see attached. - Seller-05/20/2021 Open-Missing documentation to support the PITI for the property located at XXX. - Due Diligence Vendor-05/17/2021

Ready for Review-Disagree with finding: The file contains the closing disclosure of the property located at XXX. Please see attached. - Seller-05/20/2021

Resolved-CD with PITI provided. - Due Diligence Vendor-05/21/2021

XXX - CD XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$435,000.00

NJ

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494430922

B

B

A

A

A

A

B

B

Closed

FPRO1498

2021-05-18 17:33

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/18/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$75,400.00

IN

Investment

Refinance

Rate and Term

494430849

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$270,000.00

CA

Investment

Refinance

Cash Out - Other

494430805

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$371,250.00

CA

Investment

Refinance

Rate and Term

494430753

D

A

D

A

A

A

C

A

Closed

FPRO5405

2021-05-26 23:30

2021-06-08 13:10

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/26/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$176,250.00

OH

Investment

Refinance

Cash Out - Other

494430753

D

A

D

A

A

A

C

A

Closed

FCRE7497

2021-05-30 22:46

2021-06-02 15:08

Resolved

3 - Material

D

A

Credit

Missing Doc

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

Resolved-MTG stmt provided showing property is escrowed. - Due Diligence Vendor-06/02/2021 Ready for Review-5/30: See attached copy of borrower's XXX account statement that confirms the $1,453 primary housing payment includes escrows. Breakdown of payment for mortgage ending in #XXX is at the bottom of page two of statement (Principal $378.31 + Interest $378.31 + Escrows $604.70). Copy of the mortgage for the primary residence at XXX is attached, showing mortgage opened 5/2020 with loan amount of $207,900, matching the mortgage on credit report for account ending in #XXX. - Seller-05/30/2021 Open-Missing verification of taxes or evidence the taxes are escrowed for the property located at XXX. - Due Diligence Vendor-05/26/2021

Ready for Review-5/30: See attached copy of borrower's XXX account statement that confirms the $1,453 primary housing payment includes escrows. Breakdown of payment for mortgage ending in #XXX is at the bottom of page two of statement (Principal $378.31 + Interest $378.31 + Escrows $604.70). Copy of the mortgage for the primary residence at XXX is attached, showing mortgage opened 5/2020 with loan amount of $207,900, matching the mortgage on credit report for account ending in #XXX. - Seller-05/30/2021

Resolved-MTG stmt provided showing property is escrowed. - Due Diligence Vendor-06/02/2021

image.png XXX_PrimaryPITI.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$176,250.00

OH

Investment

Refinance

Cash Out - Other

494430607

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$130,000.00

TX

Investment

Purchase

NA

494430539

C

A

C

A

A

A

A

A

Closed

FCRE1440

2021-06-07 18:54

2021-06-07 20:27

Resolved

3 - Material

C

A

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Housing History Does Not Meet Guideline Requirements - Due Diligence Vendor-06/07/2021 Ready for Review-Please see attached first payment letter along with documentation of taxes, ins and HOA - please note that taxes and insurance are included in new mortgage payment of $2964.11.  Note that this was a recent refinance - credit supplement attached shows payment history for loan being paid off. - Seller-06/07/2021 Open-Housing History Does Not Meet Guideline Requirements. Need new mortgage statement or CD/settlement statement for primary residence to show new payment. - Due Diligence Vendor-06/04/2021

0

Resolved-Housing History Does Not Meet Guideline Requirements - Due Diligence Vendor-06/07/2021

credit supp.pdf reo docs.pdf XXX First Pmt Letter.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$124,950.00

TX

Investment

Refinance

Cash Out - Other

494430462

B

B

A

A

A

A

B

B

Closed

FPRO1498

2021-05-20 18:49

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/26/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/26/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$145,000.00

CO

Investment

Refinance

Cash Out - Other

494430459

D

A

D

A

A

A

C

A

Closed

FPRO5405

2021-05-26 21:20

2021-06-07 19:46

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/07/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible). Desk review pending. - Due Diligence Vendor-05/26/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/07/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$93,937.00

NJ

Investment

Purchase

NA

494430459

D

A

D

A

A

A

C

A

Closed

FCRE1764

2021-06-02 20:04

2021-06-02 20:37

Resolved

3 - Material

D

A

Credit

Missing Doc

Missing Verification of Mortgage

Resolved-Property previously free and clear. - Due Diligence Vendor-06/02/2021 Ready for Review-See attached Note and CD from the recent refinance of XXX which documents the terms of the mortgage. Please note that there was no payoff, which supports the property was previously free and clear. - Seller-06/02/2021 Open-Missing mortgage statement for the following rental property: 1- XXX - Due Diligence Vendor-05/24/2021

Ready for Review-See attached Note and CD from the recent refinance of XXX which documents the terms of the mortgage. Please note that there was no payoff, which supports the property was previously free and clear. - Seller-06/02/2021

Resolved-Property previously free and clear. - Due Diligence Vendor-06/02/2021

XXX_XXX_St.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$93,937.00

NJ

Investment

Purchase

NA

494430459

D

A

D

A

A

A

C

A

Closed

FCRE7497

2021-05-27 18:30

2021-06-02 15:22

Resolved

3 - Material

D

A

Credit

Missing Doc

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

Resolved-MTG stmts provided evidencing MTG's are escrowed - Due Diligence Vendor-06/02/2021 Ready for Review-See attached PITIA docs for REO located at XXX - Seller-05/27/2021 Open-Missing verification of taxes and insurance for the following properties: 1- XXX 2- XXX 3- XXX  - Due Diligence Vendor-05/24/2021

Ready for Review-See attached PITIA docs for REO located at XXX & XXX - Seller-05/27/2021

Resolved-MTG stmts provided evidencing MTG's are escrowed - Due Diligence Vendor-06/02/2021

XXX_PITI XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$93,937.00

NJ

Investment

Purchase

NA

494430392

C

A

C

A

A

A

A

A

Closed

FCRE1437

2021-06-04 19:45

2021-06-07 13:45

Resolved

3 - Material

C

A

Credit

Income

Income and Employment Do Not Meet Guidelines

Resolved-Documentation provided for all missing sources of rental income. - Due Diligence Vendor-06/07/2021 Ready for Review-6/4: See attached CD confirming primary housing expense for XXX. Mortgage statements attached for three of the properties in question to verify payments include escrows for taxes and insurance. The four other properties questioned were owned free and clear as stated on loan application and supported by tax returns showing no mortgage interest expense and FraudGuard report showing no loan/lender information. Attachment includes verification of taxes for free/clear properties and HOA dues for the condo units referenced. - Seller-06/04/2021 Open-In addition, missing borrower's primary housing expenses. - Due Diligence Vendor-05/28/2021 Open-Income and Employment Do Not Meet Guidelines - Due Diligence Vendor-05/28/2021 Open-Income and Employment Do Not Meet Guidelines. Unable to verify rental income due to missing housing expenses for the following properties: XXX. Some properties are free and clear, however, no confirmation on those properties.  - Due Diligence Vendor-05/28/2021

Ready for Review-6/4: See attached CD confirming primary housing expense for XXX. Mortgage statements attached for three of the properties in question to verify payments include escrows for taxes and insurance. The four other properties questioned were owned free and clear as stated on loan application and supported by tax returns showing no mortgage interest expense and XXX report showing no loan/lender information. Attachment includes verification of taxes for free/clear properties and HOA dues for the condo units referenced. - Seller-06/04/2021

Resolved-Documentation provided for all missing sources of rental income. - Due Diligence Vendor-06/07/2021

XXX_REOdocs.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$141,000.00

NC

Investment

Refinance

Cash Out - Other

494430391

C

A

A

A

A

A

C

A

Closed

FPRO9939

2021-05-22 19:48

2021-05-30 05:45

Resolved

1 - Information

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/25/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 3.4) - Due Diligence Vendor-05/22/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/25/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$148,000.00

AZ

Investment

Purchase

NA

494430187

C

A

A

A

A

A

C

A

Closed

FPRO9939

2021-05-20 15:46

2021-05-30 05:45

Resolved

1 - Information

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 4.02) - Due Diligence Vendor-05/20/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$136,500.00

IN

Investment

Refinance

Cash Out - Other

494430182

C

B

C

A

A

A

B

B

Closed

FCRE1189

2021-05-20 19:35

2021-05-30 06:19

Resolved

3 - Material

C

A

Credit

Eligibility

Audited HCLTV Exceeds AUS HCLTV

Resolved-Correct DU approval provided with LTV/CLTV/HCLTV of 51% - Due Diligence Vendor-05/21/2021 Resolved-Audited HCLTV of 50.19% is less than or equal to AUS HCLTV of 51%  - Due Diligence Vendor-05/21/2021 Ready for Review-Please see attached AUS that was run with correct loan amount/LTV.  Thank you - Seller-05/20/2021 Open-Audited HCLTV of 50.19% exceeds AUS HCLTV of 50%. Audited CLTV of 50.19% exceeds AUS CLTV of 50%. AUS has loan amount of $XXX instead of Note loan amount of $XXX. - Due Diligence Vendor-05/19/2021

Ready for Review-Please see attached AUS that was run with correct loan amount/LTV.  Thank you - Seller-05/20/2021

Resolved-Correct DU approval provided with LTV/CLTV/HCLTV of 51% - Due Diligence Vendor-05/21/2021  Resolved-Audited HCLTV of 50.19% is less than or equal to AUS HCLTV of 51%  - Due Diligence Vendor-05/21/2021

XXX run 5.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$225,877.00

AZ

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494430182

C

B

C

A

A

A

B

B

Closed

FCRE1188

2021-05-20 19:37

2021-05-30 06:19

Resolved

3 - Material

C

A

Credit

Eligibility

Audited CLTV Exceeds AUS CLTV

Resolved-Correct DU approval provided with LTV/CLTV/HCLTV of 51% - Due Diligence Vendor-05/21/2021 Resolved-Audited CLTV of 50.19% is less than or equal to AUS CLTV of 51%  - Due Diligence Vendor-05/21/2021 Ready for Review-Please see attached AUS that was run with correct loan amount/LTV.  Thank you - Seller-05/20/2021 Open-Audited CLTV of 50.19% exceeds AUS CLTV of 50%. AUS has loan amount of $XXXinstead of Note loan amount of $XXX. - Due Diligence Vendor-05/19/2021

Ready for Review-Please see attached AUS that was run with correct loan amount/LTV.  Thank you - Seller-05/20/2021

Resolved-Correct DU approval provided with LTV/CLTV/HCLTV of 51% - Due Diligence Vendor-05/21/2021  Resolved-Audited CLTV of 50.19% is less than or equal to AUS CLTV of 51%  - Due Diligence Vendor-05/21/2021

XXX run 5.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$225,877.00

AZ

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494430182

C

B

C

A

A

A

B

B

Closed

FCRE1187

2021-05-20 19:35

2021-05-30 06:19

Resolved

3 - Material

C

A

Credit

Eligibility

Audited LTV Exceeds AUS LTV

Resolved-Correct DU approval provided with LTV/CLTV/HCLTV of 51% - Due Diligence Vendor-05/21/2021 Resolved-Audited LTV of 50.19% is less than or equal to AUS CLTV of 51%  - Due Diligence Vendor-05/21/2021 Ready for Review-Please see attached AUS that was run with correct loan amount/LTV.  Thank you - Seller-05/20/2021 Open-Audited LTV of 50.19% exceeds AUS CLTV of 50%. Audited CLTV of 50.19% exceeds AUS CLTV of 50%. AUS has loan amount of $222,677 instead of Note loan amount of $225,877. - Due Diligence Vendor-05/19/2021

Ready for Review-Please see attached AUS that was run with correct loan amount/LTV.  Thank you - Seller-05/20/2021

Resolved-Correct DU approval provided with LTV/CLTV/HCLTV of 51% - Due Diligence Vendor-05/21/2021  Resolved-Audited LTV of 50.19% is less than or equal to AUS CLTV of 51%  - Due Diligence Vendor-05/21/2021

XXX run 5.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$225,877.00

AZ

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494430182

C

B

C

A

A

A

B

B

Closed

FPRO1498

2021-05-18 23:01

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/30/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/18/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/30/2021  Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$225,877.00

AZ

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494430139

D

A

D

A

A

A

C

A

Closed

FPRO9939

2021-05-25 01:20

2021-06-04 20:07

Resolved

3 - Material

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/04/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 5). Desk review pending. - Due Diligence Vendor-05/25/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/04/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$94,000.00

PA

Investment

Purchase

NA

494430139

D

A

D

A

A

A

C

A

Closed

FCRE7497

2021-05-25 18:12

2021-06-02 16:16

Resolved

3 - Material

D

A

Credit

Missing Doc

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

Resolved-MTG stmts. provided evidencing escrows. - Due Diligence Vendor-06/02/2021 Ready for Review-See attached mortg statements for T&I for REO properties - Seller-05/25/2021 Open-Missing Tax bill for the following properties: 1- XXX 2- XXX Missing proof of insurance for the following properties: 1- XXX 2- XXX 3- XXX 3 XXX  - Due Diligence Vendor-05/21/2021

Ready for Review-See attached mortg statements for T&I for REO properties - Seller-05/25/2021

Resolved-MTG stmts. provided evidencing escrows. - Due Diligence Vendor-06/02/2021

XXX_270.pdf XXX_2418.pdf XXX_117.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$94,000.00

PA

Investment

Purchase

NA

494430136

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$120,600.00

TN

Investment

Refinance

Cash Out - Other

494430121

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$90,000.00

TX

Investment

Purchase

NA

494430120

B

B

A

A

B

B

A

A

Closed

FCOM8844

2021-05-29 18:13

2021-05-30 08:03

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/29/2021 Open-Final CD shows that all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). - Due Diligence Vendor-05/29/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/29/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$132,000.00

TX

Investment

Refinance

Cash Out - Other

494429923

B

B

A

A

B

B

A

A

Closed

FCOM8844

2021-05-27 05:37

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/28/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). Full compliance testing conducted with LE’s and CD’s in file.  - Due Diligence Vendor-05/27/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/28/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$440,000.00

CA

Investment

Refinance

Cash Out - Other

494429320

C

B

C

B

A

A

A

A

Closed

FCRE1159

2021-05-30 00:30

2021-05-30 06:21

Acknowledged

2 - Non-Material

C

B

Credit

Insurance

Hazard Insurance Effective Date is after the Note Date

Acknowledged-Finding acknowledged. XXX has a Vendor XXX and in the event of a gap in coverage any claims would have been covered during that 3 day window. - Due Diligence Vendor-05/30/2021  Ready for Review-XXX has a Vendor XXX and in the event of a gap in coverage any claims would have been covered during that 3 day window. There are no claims reported for this period of time from 04/XX/2021 to 04/XX/2021 - Seller-05/30/2021 Open-Hazard Insurance Effective Date of 04-XX-2021 is after the Note Date of 04-XX-2021 - Due Diligence Vendor-05/28/2021

Ready for Review-XXX has a Vendor XXX and in the event of a gap in coverage any claims would have been covered during that 3 day window. There are no claims reported for this period of time from 04/XX/2021 to 04/XX/2021 - Seller-05/30/2021

Acknowledged-Finding acknowledged.XXX has a VendorXX and in the event of a gap in coverage any claims would have been covered during that 3 day window. - Due Diligence Vendor-05/30/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$104,000.00

IN

Investment

Purchase

NA

494429290

D

B

A

A

B

B

D

A

Closed

FPRO1244

2021-05-26 00:07

2021-05-30 05:35

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021 Open-CU score was not provided on DU approved loan. - Due Diligence Vendor-05/26/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$400,000.00

CA

Investment

Refinance

Cash Out - Other

494429290

D

B

A

A

B

B

D

A

Closed

FCOM8844

2021-05-26 00:03

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true - Due Diligence Vendor-05/27/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). Full compliance testing conducted with LE’s and CD’s in file.  - Due Diligence Vendor-05/26/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true - Due Diligence Vendor-05/27/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$400,000.00

CA

Investment

Refinance

Cash Out - Other

494429049

D

A

D

A

A

A

C

A

Closed

FCRE1191

2021-06-01 19:22

2021-06-02 17:19

Resolved

3 - Material

C

A

Credit

Eligibility

Audited Reserves are less than AUS Required Reserves (Dollar Amount)

Resolved-Discover bank statements provided showing $60,036.13 in reserves. - Due Diligence Vendor-06/02/2021 Resolved-Audited Reserves of 60036.13 are greater than or equal to AUS Required Reserves of 8712.32 - Due Diligence Vendor-06/02/2021 Ready for Review-6/1: Asset documentation attached for borrower's online savings account with Discover with over $50,000 in verified assets available for reserves.  - Seller-06/01/2021 Open-Audited Reserves of 0 are less than AUS Required Reserves of 8712.32 - Due Diligence Vendor-05/27/2021

Ready for Review-6/1: Asset documentation attached for borrower's online savings account with XXX with over $50,000 in verified assets available for reserves.  - Seller-06/01/2021

Resolved-Discover bank statements provided showing $60,036.13 in reserves. - Due Diligence Vendor-06/02/2021  Resolved-Audited Reserves of 60036.13 are greater than or equal to AUS Required Reserves of 8712.32 - Due Diligence Vendor-06/02/2021

XXX__Reserves.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$93,500.00

PA

Investment

Refinance

Cash Out - Other

494429049

D

A

D

A

A

A

C

A

Closed

FCRE1467

2021-06-01 19:22

2021-06-02 17:19

Resolved

3 - Material

D

A

Credit

Missing Doc - Assets

Asset 1 Missing

Resolved-Asset 1 Provided - Due Diligence Vendor-06/02/2021 Resolved-Discover stmt provided showing $60,036.13 for 2 months as required - Due Diligence Vendor-06/02/2021 Resolved-Asset 1 Provided - Due Diligence Vendor-06/02/2021 Resolved-Assets provided as required. - Due Diligence Vendor-06/02/2021 Ready for Review-6/1: Asset documentation attached for borrower's online savings account with XXX with over $50,000 in verified assets available for reserves.  - Seller-06/01/2021 Open-Asset 1 Missing - DU approved loan with required assets of $8712.32; loan file contains no verified assets. - Due Diligence Vendor-05/27/2021

Ready for Review-6/1: Asset documentation attached for borrower's online savings account with XXX with over $50,000 in verified assets available for reserves.  - Seller-06/01/2021

Resolved-XXX stmt provided showing $60,036.13 for 2 months as required - Due Diligence Vendor-06/02/2021  Resolved-Asset 1 Provided - Due Diligence Vendor-06/02/2021  Resolved-Assets provided as required. - Due Diligence Vendor-06/02/2021

XXX__Reserves.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$93,500.00

PA

Investment

Refinance

Cash Out - Other

494429049

D

A

D

A

A

A

C

A

Closed

FPRO9939

2021-05-27 16:10

2021-06-02 17:19

Resolved

3 - Material

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 3.9) - Due Diligence Vendor-05/27/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$93,500.00

PA

Investment

Refinance

Cash Out - Other

494428974

D

A

A

A

A

A

D

A

Closed

FPRO1244

2021-05-19 02:11

2021-05-30 05:35

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-Third party valuation product is required. - Due Diligence Vendor-05/19/2021

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$292,500.00

AZ

Investment

Refinance

NA

494428548

B

B

A

A

A

A

B

B

Closed

FPRO1498

2021-05-19 19:04

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/21/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/19/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$234,250.00

DE

Investment

Refinance

Rate and Term

494428446

C

B

C

A

B

B

A

A

Closed

FCRE1437

2021-05-31 01:22

2021-06-02 14:53

Resolved

3 - Material

C

A

Credit

Income

Income and Employment Do Not Meet Guidelines

Resolved-Property detail report provided to evidence the property was XX until 4/XX and causes no issue. - Due Diligence Vendor-06/02/2021 Ready for Review-5/30: The property at XXX had been owned free and clear until the new mortgage was obtained on 4/XX/2021. See attached documentation from the file confirming property was free and clear, along with Closing Disclosure from the recent mortgage taken on the property.  - Seller-05/31/2021 Open-Income and Employment Do Not Meet Guidelines. Missing mortgage statements for the following properties: XXX and - Due Diligence Vendor-05/26/2021

Ready for Review-5/30: The property at XXX had been owned free and clear until the new mortgage was obtained on 4/XX/2021. See attached documentation from the file confirming property was free and clear, along with Closing Disclosure from the recent mortgage taken on the property.  - Seller-05/31/2021

Resolved-Property detail report provided to evidence the property was XX until 4/XXand causes no issue. - Due Diligence Vendor-06/02/2021

XXX_REO_MtgVerif.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$154,500.00

NC

Investment

Refinance

Cash Out - Other

494428446

C

B

C

A

B

B

A

A

Closed

FCRE5275

2021-05-31 01:25

2021-06-02 13:22

Resolved

3 - Material

C

A

Credit

Eligibility

Asset do not meet guidelines

Resolved-CD provided evidencing proceeds as required. - Due Diligence Vendor-06/02/2021 Ready for Review-5/30: Attached is a copy of the Closing Disclosure from the refinance transaction of the property at XXX that shows net proceeds to the borrower of $101,864.78, more than sufficient to meet AUS requirement. - Seller-05/31/2021 Open-Missing verification of proceeds in the amount of $102,733.16.  - Due Diligence Vendor-05/26/2021

Ready for Review-5/30: Attached is a copy of the Closing Disclosure from the refinance transaction of the property at XXX that shows net proceeds to the borrower of $101,864.78, more than sufficient to meet AUS requirement. - Seller-05/31/2021

Resolved-CD provided evidencing proceeds as required. - Due Diligence Vendor-06/02/2021

XXX_REO_Proceeds.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$154,500.00

NC

Investment

Refinance

Cash Out - Other

494428446

C

B

C

A

B

B

A

A

Closed

FCOM8844

2021-05-26 14:57

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021  Acknowledged-null - Due Diligence Vendor-05/29/2021 Open-Full regulatory testing was completed and no issues were found and loan would be eligible as GSE SH. - Due Diligence Vendor-05/29/2021 Open- - Due Diligence Vendor-05/26/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$154,500.00

NC

Investment

Refinance

Cash Out - Other

494428356

C

A

A

A

A

A

C

A

Closed

FPRO9939

2021-05-29 06:21

2021-05-31 16:20

Resolved

3 - Material

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 3.8) - Due Diligence Vendor-05/29/2021

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$255,750.00

NC

Investment

Purchase

NA

494428151

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$103,000.00

FL

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494427918

B

B

A

A

B

B

A

A

Closed

FCOM8844

2021-06-01 17:57

2021-06-01 17:57

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-06/01/2021 Open-CD shows that all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes).  - Due Diligence Vendor-06/01/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-06/01/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$106,400.00

CA

Investment

Refinance

Cash Out - Other

494427305

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$202,313.00

UT

Investment

Purchase

NA

494427036

C

A

C

A

A

A

A

A

Closed

FCRE1440

2021-06-04 17:29

2021-06-07 13:57

Resolved

3 - Material

C

A

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Final CD to verify primary housing expense provided. - Due Diligence Vendor-06/07/2021 Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-06/07/2021 Ready for Review-The borrower recently refinanced their primary residence. The final CD and first payment letter are attached to document the taxes and insurance are escrowed. The new PITI is less than the prior PITI. - Seller-06/04/2021 Open-Housing History Does Not Meet Guideline Requirements.  Need mortgage statement for primary residence to show that TI is part of the payment.   - Due Diligence Vendor-05/28/2021

Ready for Review-The borrower recently refinanced their primary residence. The final CD and first payment letter are attached to document the taxes and insurance are escrowed. The new PITI is less than the prior PITI. - Seller-06/04/2021

Resolved-Final CD to verify primary housing expense provided. - Due Diligence Vendor-06/07/2021  Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-06/07/2021

XXX_Primary_Refi_CD.pdf XXX_Primary_FPL.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$502,900.00

CA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494426169

D

A

D

A

A

A

D

A

Closed

FPRO1244

2021-05-21 01:41

2021-06-07 19:39

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-06/07/2021 Open-Third party valuation product not provided. - Due Diligence Vendor-05/21/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/07/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$176,250.00

NJ

Investment

Purchase

NA

494426169

D

A

D

A

A

A

D

A

Closed

FCRE1328

2021-05-21 18:14

2021-05-30 05:52

Resolved

3 - Material

D

A

Credit

Missing Doc - Income

Borrower 1 W2/1099 Missing

Resolved-3rd party WVOE showing previous years income provided. - Due Diligence Vendor-05/30/2021  Resolved-Borrower 1 W2/1099 Provided - Due Diligence Vendor-05/22/2021 Ready for Review-See attached 3rd party WVOE showing previous years income - Seller-05/21/2021 Open-Borrower 1 W2/1099 Missing. AUS requires a W2 from prior year. - Due Diligence Vendor-05/20/2021

Ready for Review-See attached 3rd party WVOE showing previous years income - Seller-05/21/2021

Resolved-3rd party WVOE showing previous years income provided. - Due Diligence Vendor-05/30/2021 Resolved-Borrower 1 W2/1099 Provided - Due Diligence Vendor-05/22/2021

XXX_WVOE.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$176,250.00

NJ

Investment

Purchase

NA

494426169

D

A

D

A

A

A

D

A

Closed

FCRE1330

2021-05-21 18:17

2021-05-30 05:50

Resolved

3 - Material

D

A

Credit

Missing Doc - Income

Borrower 1 Paystubs Missing

Resolved-WVOE provided. - Due Diligence Vendor-05/22/2021 Resolved-Borrower 1 Paystubs Provided - Due Diligence Vendor-05/22/2021 Resolved-Borrower 1 Paystubs Provided - Due Diligence Vendor-05/22/2021 Resolved-WVOE provided. - Due Diligence Vendor-05/22/2021 Resolved-Borrower 1 Paystubs Provided - Due Diligence Vendor-05/22/2021 Ready for Review-See attached 3rd party WVOE showing previous years income. Per AUS income may be verified by paystub, W2 or standard WVOE - Seller-05/21/2021 Open-Borrower 1 Paystubs Missing. AUS requires a paystub date no earlier than 30 days prior to the initial loan application. - Due Diligence Vendor-05/20/2021

Ready for Review-See attached 3rd party WVOE showing previous years income. Per AUS income may be verified by paystub, W2 or standard WVOE - Seller-05/21/2021

Resolved-WVOE provided. - Due Diligence Vendor-05/22/2021  Resolved-Borrower 1 Paystubs Provided - Due Diligence Vendor-05/22/2021

XXX_WVOE.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$176,250.00

NJ

Investment

Purchase

NA

494426113

C

A

C

A

A

A

A

A

Closed

FCRE1440

2021-06-01 19:55

2021-06-02 17:15

Resolved

3 - Material

C

A

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-CD provided showing prior were both XXX before refinancing. - Due Diligence Vendor-06/02/2021 Ready for Review-6/1: Loan application disclosed two other properties that were refinanced with XXX prior to the subject transaction. Closing Disclosures for the two refinanced properties were in the file and confirm PITIA payment of $2,425.57 for the property at XXX. and a PITIA payment of $2,534.06 for the property at XXX. - Seller-06/01/2021 Open-Housing History Does Not Meet Guideline Requirements.  Missing documentation of which properties were concurrently refinanced with Ark mortgage and new payments including taxes and insurance. - Due Diligence Vendor-05/30/2021 Open-Housing History Does Not Meet Guideline Requirements - Due Diligence Vendor-05/29/2021 Open-Housing History Does Not Meet Guideline Requirements. Missing documentation of which properties were concurrently refinanced with XXX and new payments including taxes and insurance. - Due Diligence Vendor-05/29/2021

Ready for Review-6/1: Loan application disclosed two other properties that were refinanced with XXX prior to the subject transaction. Closing Disclosures for the two refinanced properties were in the file and confirm PITIA payment of $2,425.57 for the property at XXX. and a PITIA payment of $2,534.06 for the property at XXX. - Seller-06/01/2021

Resolved-CD provided showing prior were both XXX before refinancing. - Due Diligence Vendor-06/02/2021

XXX_REO_CD_PITIA.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$382,500.00

NJ

Investment

Refinance

NA

494425996

C

A

A

A

A

A

C

A

Closed

FPRO9939

2021-05-20 18:47

2021-05-30 05:45

Resolved

1 - Information

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021 Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 2.6) - Due Diligence Vendor-05/20/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$166,000.00

MA

Investment

Refinance

Rate and Term

494425204

D

A

A

A

D

A

C

A

Closed

FCOM1233

2021-06-04 13:02

2021-06-05 03:15

Resolved

1 - Information

D

A

Compliance

Missing Doc - Closing Package

The Final 1003 is Incomplete

Resolved-All sections/pages of the final 1003 have been provided. - Due Diligence Vendor-06/05/2021 Ready for Review-1003 application is attached. - Seller-06/04/2021 Open-The Final 1003 is Incomplete, missing section 9. - Due Diligence Vendor-05/24/2021 Open-The Final 1003 is Incomplete - Due Diligence Vendor-05/20/2021

Ready for Review-1003 application is attached. - Seller-06/04/2021

Resolved-All sections/pages of the final 1003 have been provided. - Due Diligence Vendor-06/05/2021

XXX_1003_App.pdf XXX_1003.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$79,500.00

PA

Investment

Refinance

Rate and Term

494425204

D

A

A

A

D

A

C

A

Closed

FPRO9939

2021-05-21 12:15

2021-06-04 18:08

Resolved

3 - Material

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/04/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 4.7) - Due Diligence Vendor-05/21/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/04/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$79,500.00

PA

Investment

Refinance

Rate and Term

494424997

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-29 06:36

2021-06-01 15:07

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/29/2021

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$253,000.00

UT

Investment

Refinance

Cash Out - Debt Consolidation

494424779

D

B

A

A

B

B

D

A

Closed

FCOM8844

2021-05-19 21:55

2021-05-30 04:26

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/20/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). Full compliance testing conducted with LE’s and CD’s in file. - Due Diligence Vendor-05/19/2021 Open- - Due Diligence Vendor-05/19/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/20/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$710,000.00

NY

Investment

Refinance

Cash Out - Other

494424779

D

B

A

A

B

B

D

A

Closed

FPRO1244

2021-05-19 22:14

2021-05-30 04:26

Resolved

3 - Material

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-CU score was not provided on DU approved loan. - Due Diligence Vendor-05/19/2021

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$710,000.00

NY

Investment

Refinance

Cash Out - Other

494424750

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$161,475.00

VA

Investment

Purchase

NA

494424499

D

A

D

A

A

A

A

A

Closed

FCRE1180

2021-05-29 18:55

2021-06-02 14:35

Resolved

3 - Material

D

A

Credit

Missing Doc - Insurance

HO-6 Insurance Policy is Missing

Resolved-Master policy provided showing "walls in" coverage. - Due Diligence Vendor-06/02/2021 Ready for Review-5/29/21 Disagree - the HO-6 provided , please review  - Seller-05/29/2021 Open-HO-6 Insurance Policy is Missing - Due Diligence Vendor-05/28/2021 Open-HO-6 Insurance Policy is Missing - Due Diligence Vendor-05/28/2021 Open-HO-6 Insurance Policy is Missing - Due Diligence Vendor-05/28/2021

Ready for Review-5/29/21 Disagree - the HO-6 provided , please review  - Seller-05/29/2021

Resolved-Master policy provided showing "walls in" coverage. - Due Diligence Vendor-06/02/2021

XXX -INSURANCE.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$404,999.00

CA

Investment

Purchase

NA

494424447

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$60,000.00

TN

Investment

Purchase

NA

494424415

B

B

A

A

A

A

B

B

Closed

FPRO1498

2021-05-15 19:33

2021-05-30 05:48

Acknowledged

2 - Non-Material

B

B

Property

Appraisal

Subject loan closed with an approved appraisal waiver

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/18/2021 Open-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/15/2021

Acknowledged-Subject loan closed with an approved appraisal waiver - Due Diligence Vendor-05/20/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$161,000.00

CA

Investment

Refinance

Rate and Term

494424301

D

A

A

A

A

A

D

A

Closed

FPRO1244

2021-05-22 12:30

2021-05-30 05:35

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or -XXX% variance. Finding resolved. - Due Diligence Vendor-05/25/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/22/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or -XXX% variance. Finding resolved. - Due Diligence Vendor-05/25/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$520,300.00

CO

Investment

Purchase

NA

494423884

B

B

A

A

B

B

A

A

Closed

FCOM8844

2021-05-28 14:24

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021  Acknowledged-Full regulatory testing was completed with no issues and loan would have been valid as GSE SH. - Due Diligence Vendor-05/28/2021 Open-File is missing the cash out letter from the borrower.  Borrower is paying off a mortgage for a second home. - Due Diligence Vendor-05/28/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021  Acknowledged-Full regulatory testing was completed with no issues and loan would have been valid as GSE SH. - Due Diligence Vendor-05/28/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$138,000.00

MN

Investment

Refinance

Cash Out - Other

494423572

D

B

A

A

B

B

D

A

Closed

FCOM7646

2021-05-28 20:45

2021-06-08 19:50

Acknowledged

2 - Non-Material

B

B

Compliance

QM-ATR

Originator QM Designation Differs From Final QM Status

Acknowledged-Originator QM Status Of ATR/QM: Not Applicable Differs From Final QM Status Of QM: GSE Temporary QM - SH. Evidence in the loan file results in Consumer Purp, full compliance review was conducted, and QM: GSE Temporary QM – SH was validated as true. - Due Diligence Vendor-05/30/2021 Open-Full regulatory testing was completed and no issues were found and loan would have been eligible as GSE SH. - Due Diligence Vendor-05/29/2021 Open-Final CD reflects payoff of Non-Mortgage Lien to Ex-Spouse as required per enclosed Divorce Decree. - Due Diligence Vendor-05/28/2021 Open-Originator QM Designation Of ATR/QM: Not Applicable Differs From Final QM Status Of ATR/QM: Status Pending - Due Diligence Vendor-05/28/2021

Acknowledged-Originator QM Status Of ATR/QM: Not Applicable Differs From Final QM Status Of QM: GSE Temporary QM - SH. Evidence in the loan file results in Consumer Purp, full compliance review was conducted, and QM: GSE Temporary QM – SH was validated as true. - Due Diligence Vendor-05/30/2021

"QM: GSE Temporary QM - SH"

"QM: GSE Temporary QM - SH"

$275,000.00

NY

Investment

Refinance

Cash Out - Other

494423572

D

B

A

A

B

B

D

A

Closed

FPRO1244

2021-05-28 20:40

2021-05-31 14:41

Resolved

3 - Material

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/30/2021  Open-CU score was not provided on DU approved loan. - Due Diligence Vendor-05/28/2021

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/31/2021

"QM: GSE Temporary QM - SH"

"QM: GSE Temporary QM - SH"

$275,000.00

NY

Investment

Refinance

Cash Out - Other

494423564

D

B

A

A

D

B

D

A

Closed

FPRO1244

2021-05-27 12:48

2021-05-30 05:35

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX0 or XXX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/27/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/28/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$150,000.00

TX

Investment

Refinance

Cash Out - Other

494423564

D

B

A

A

D

B

D

A

Closed

FCOM8844

2021-05-21 19:06

2021-05-30 04:47

Acknowledged

2 - Non-Material

D

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021  Acknowledged-Full compliance testing was completed with no issues.  Loan would be valid as GSE SH. - Due Diligence Vendor-05/29/2021 Open-CD shows that all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes).  - Due Diligence Vendor-05/21/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – RP can be validated as true. - Due Diligence Vendor-05/30/2021  Acknowledged-Full compliance testing was completed with no issues.  Loan would be valid as GSE SH. - Due Diligence Vendor-05/29/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$150,000.00

TX

Investment

Refinance

Cash Out - Other

494423535

B

B

A

A

B

B

A

A

Closed

FCOM8844

2021-05-26 23:46

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/28/2021 Open-CD shows that, after payoff of subject lien, all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes). Full compliance testing completed with LE’s and CD’s in file.  - Due Diligence Vendor-05/26/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/28/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$167,000.00

NV

Investment

Refinance

Cash Out - Other

494423515

D

A

A

A

A

A

D

A

Closed

FPRO1244

2021-05-22 12:54

2021-05-30 05:35

Resolved

1 - Information

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-Third party valuation product required. - Due Diligence Vendor-05/22/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of XXX or XXx% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$585,500.00

CA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494423482

C

A

A

A

A

A

C

A

Closed

FPRO9939

2021-05-21 17:44

2021-05-30 05:45

Resolved

1 - Information

C

A

Property

Third Party Valuation

CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 2.6) - Due Diligence Vendor-05/21/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX orXX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$325,000.00

CA

Investment

Refinance

Rate and Term

494423151

C

A

C

A

A

A

C

A

Closed

FCRE1186

2021-05-20 19:18

2021-05-30 05:58

Resolved

3 - Material

C

A

Credit

Eligibility

Audited DTI Exceeds AUS DTI

Resolved-Consumer debt payoff for XXX provided. Monthly debt obligation of $150 removed from DTI. New DTI is 28.29% and within tolerance of AUS DTI 28% - Due Diligence Vendor-05/21/2021 Resolved-Audited DTI of 28.29% exceeds AUS DTI of 28%  - Due Diligence Vendor-05/21/2021 Ready for Review-Please see attached statement for MOR debt, loan was paid in full by borrower prior to close.  If this is not the debt you were referring to, please respond with source of increase of DTI  Thank you. - Seller-05/20/2021 Open-Audited DTI of 31.60% exceeds AUS DTI of 28% . Additional debt in the amount of $150/month was included based on origination credit report provided. - Due Diligence Vendor-05/20/2021 Open-Audited DTI of 31.61% exceeds AUS DTI of 28%  - Due Diligence Vendor-05/19/2021

Ready for Review-Please see attached statement for XXX debt, loan was paid in full by borrower prior to close.  If this is not the debt you were referring to, please respond with source of increase of DTI  Thank you. - Seller-05/20/2021

Resolved-Consumer debt payoff for XXX provided. Monthly debt obligation of $150 removed from DTI. New DTI is 28.29% and within tolerance of AUS DTI 28% - Due Diligence Vendor-05/21/2021  Resolved-Audited DTI of 28.29% exceeds AUS DTI of 28%  - Due Diligence Vendor-05/21/2021

XXX.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$285,000.00

CA

Investment

Refinance

Cash Out - Other

494423151

C

A

C

A

A

A

C

A

Closed

FPRO5405

2021-05-19 23:05

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/19/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/24/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$285,000.00

CA

Investment

Refinance

Cash Out - Other

494423149

D

A

D

A

A

A

A

A

Closed

FCRE1334

2021-06-02 20:25

2021-06-02 20:47

Resolved

3 - Material

D

A

Credit

Missing Doc - Income

Borrower 1 Executed 4506-T Missing

Resolved-Executed 4506 provided. - Due Diligence Vendor-06/02/2021 Ready for Review-See attached 4506-C for each borrower. - Seller-06/02/2021 Open-Borrower 1 Executed 4506-T Missing - Due Diligence Vendor-05/26/2021 Open-Borrower 1 Executed 4506-T Missing - Due Diligence Vendor-05/26/2021 Open-Borrower 1 Executed 4506-T Missing - Due Diligence Vendor-05/26/2021

Ready for Review-See attached 4506-C for each borrower. - Seller-06/02/2021

Resolved-Executed 4506 provided. - Due Diligence Vendor-06/02/2021

XXX_4506C.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$387,000.00

CA

Investment

Refinance

Rate and Term

494423149

D

A

D

A

A

A

A

A

Closed

FCRE1364

2021-06-02 20:26

2021-06-02 20:47

Resolved

3 - Material

D

A

Credit

Missing Doc - Income

Borrower 2 Executed 4506-T Missing

Resolved-Executed 4506 provided. - Due Diligence Vendor-06/02/2021 Ready for Review-See attached 4506-C for each borrower. - Seller-06/02/2021 Open-Borrower 2 Executed 4506-T Missing - Due Diligence Vendor-05/26/2021 Open-Borrower 2 Executed 4506-T Missing - Due Diligence Vendor-05/26/2021 Open-Borrower 2 Executed 4506-T Missing - Due Diligence Vendor-05/26/2021

Ready for Review-See attached 4506-C for each borrower. - Seller-06/02/2021

Resolved-Executed 4506 provided. - Due Diligence Vendor-06/02/2021

XXX_4506C.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$387,000.00

CA

Investment

Refinance

Rate and Term

494422433

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-06-01 18:28

2021-06-01 19:51

Resolved

3 - Material

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-06/01/2021

Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$125,625.00

OH

Investment

Purchase

NA

494422138

C

A

A

A

A

A

C

A

Closed

FPRO5405

2021-05-24 16:40

2021-05-30 05:30

Resolved

1 - Information

C

A

Property

Third Party Valuation

FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XxX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021 Open-FHLMC Collateral Rep & Warrant Relief Is Not Eligible/Unavailable And A Third Party Valuation Product Was Not Provided (FHLMC Rep & Warrant Relief Status Is Not Eligible) - Due Diligence Vendor-05/24/2021

Resolved-Third party valuation product provided with a variance within 10%. - Due Diligence Vendor-05/30/2021  Resolved-Desk review provided with a value of $XXX or XXX% variance. Finding resolved. - Due Diligence Vendor-05/27/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$285,000.00

FL

Investment

Purchase

NA

494421247

D

A

C

A

A

A

D

A

Closed

FCRE1440

2021-06-02 21:07

2021-06-04 17:32

Resolved

1 - Information

C

A

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-06/04/2021 Open-Housing History Does Not Meet Guideline Requirements - Due Diligence Vendor-06/03/2021 Ready for Review-Property tax is reported on 2019 individual tax return ( form 1040) in the amount of $2,171. Tax certificate is not required. Please see attachment - Seller-06/02/2021 Open-Housing History Does Not Meet Guideline Requirements.  Missing tax cert for 323 Tal Vista. - Due Diligence Vendor-05/30/2021

Ready for Review-Property tax is reported on 2019 individual tax return ( form 1040) in the amount of $2,171. Tax certificate is not required. Please see attachment - Seller-06/02/2021

Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-06/04/2021

XXX - Schedule E.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$1,054,500.00

CA

Investment

Refinance

Cash Out - Other

494421247

D

A

C

A

A

A

D

A

Closed

FCRE1186

2021-06-02 20:53

2021-06-04 17:32

Resolved

1 - Information

C

A

Credit

Eligibility

Audited DTI Exceeds AUS DTI

Resolved-Audited DTI of 23.25% is less than or equal to AUS DTI of 27.29% - Due Diligence Vendor-06/04/2021 Ready for Review-Self Employment Income: The borrower self employment income was understated, Please see attached Income worksheet showing a self-employment income in the amount of $11,277 instead of calculated SE income in the amount of $6,362 Co-borrower income : the co borrower income has not changed $3,021 Net Cash flow from subject = 379 Net cash flow from rental properties = 1455 Total Income = 16132.55 Liabilities: Primary residence located at XXXX P+I: $1319 + T&I = $833. Total Primary residence obligation = $2 ,202 Negative cash flow from property located at XXX = $1,742 Other liabilities = $192 Total Liabilities = $4,136 DTI = $4,136/$16,132 = 25% Please see attachment self-employment worksheet. Primary residence property tax, and HOI Calculated DTI is less than reviewer DTI. - Seller-06/02/2021 Open-Audited DTI of 49.15% exceeds AUS DTI of 27.29%.  Difference in DTI is coming from multiple areas.  The primary residence was  qualified at $1319 but this doesnt include taxes or insurance (mortgage statement doesnt escrow for either).  Subject was qualified with $6411 in net rent.  Based on tax returns, this should be $379.22.   - Due Diligence Vendor-05/30/2021 Open-Audited DTI of 49.15% exceeds AUS DTI of 27.29%.  Difference in DTI is coming from multiple areas.  The primary residence was  qualified at $1319 but this doesnt include taxes or insurance (mortgage statement doesnt escrow for either).  Subje - Due Diligence Vendor-05/30/2021 Open-Audited DTI of 40.18% exceeds AUS DTI of 27.29% Cause for difference is rental income loss for properties. DU shows positive while review finds negative net rents and DU must be rerun with a corrected 1008 to match. Even with lease agreement utilized with rent increase, subject does not have positive income. - Due Diligence Vendor-05/30/2021

Ready for Review-Self Employment Income: The borrower self employment income was understated, Please see attached Income worksheet showing a self-employment income in the amount of $11,277 instead of calculated SE income in the amount of $6,362 Co-borrower income : the co borrower income has not changed $3,021 Net Cash flow from subject = 379 Net cash flow from rental properties = 1455 Total Income = 16132.55 Liabilities: Primary residence located at XXXr P+I: $1319 + T&I = $833. Total Primary residence obligation = $2 ,202 Negative cash flow from property located at XXX = $1,742 Other liabilities = $192 Total Liabilities = $4,136 DTI = $4,136/$16,132 = 25% Please see attachment self-employment worksheet. Primary residence property tax, and HOI Calculated DTI is less than reviewer DTI. - Seller-06/02/2021

Resolved-Audited DTI of 23.25% is less than or equal to AUS DTI of 27.29% - Due Diligence Vendor-06/04/2021

XXX - XXX HOI.pdf XXX - XXX Property Tax.pdf XXX - Self-Employment-Income.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$1,054,500.00

CA

Investment

Refinance

Cash Out - Other

494421247

D

A

C

A

A

A

D

A

Closed

FPRO1244

2021-06-01 12:30

2021-06-01 15:18

Resolved

3 - Material

D

A

Property

Missing Doc - Third Party Valuation

3rd Party Valuation Product is Required and Missing

Resolved-Desk review provided with a value of $XXX or -XXX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021 Open-Third party valuation product required. - Due Diligence Vendor-06/01/2021

Resolved-Desk review provided with a value of $XXX or -XXX% variance. Finding resolved. - Due Diligence Vendor-06/01/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$1,054,500.00

CA

Investment

Refinance

Cash Out - Other

494419356

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$270,000.00

MD

Investment

Refinance

Rate and Term

494419296

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$286,000.00

CA

Investment

Refinance

Rate and Term

494419152

C

A

C

A

A

A

A

A

Closed

FCRE1236

2021-05-26 19:39

2021-06-01 21:08

Resolved

3 - Material

C

A

Credit

Eligibility

Occupancy Not Allowed

Resolved-Occupancy docs provided. - Due Diligence Vendor-06/01/2021 Ready for Review-Please see attached corrected appraisal.  It appears it was marked owner occupied in error.  Please also see attached bank statement and IDs, borrowers live at XXX.   - Seller-05/26/2021 Open-Occupancy reflected as owner occupied on appraisal, however loan approved as an investment property. - Due Diligence Vendor-05/23/2021

Ready for Review-Please see attached corrected appraisal.  It appears it was marked owner occupied in error.  Please also see attached bank statement and IDs, borrowers live at XXX.   - Seller-05/26/2021

Resolved-Occupancy docs provided. - Due Diligence Vendor-06/01/2021

XXX C ID.pdf XXX bank statement.pdf XXX-V4.pdf

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$335,600.00

CA

Investment

Refinance

Limited Cash Out - >2% of Loan Amount or $2000

494419008

A

A

A

A

A

A

A

A

A

A

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$176,250.00

HI

Investment

Purchase

NA

494418664

B

B

A

A

B

B

A

A

Closed

FCOM8844

2021-05-21 12:25

2021-05-30 04:47

Acknowledged

2 - Non-Material

B

B

Compliance

Missing Doc

Missing Evidence of Business Purpose use of Proceeds

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/21/2021 Open-CD shows that all cash out is going directly to borrower but it was not disclosed how the cash in hand was to be utilized (consumer or business purposes).  - Due Diligence Vendor-05/21/2021

Acknowledged-Transaction was re-run in compliance engine and, while not validated as a business purpose loan, QM: GSE Temporary QM – SH can be validated as true. - Due Diligence Vendor-05/21/2021

"ATR/QM: Not Applicable"

"ATR/QM: Not Applicable"

$337,500.00

CO

Investment

Refinance

Cash Out - Other