Exhibit 99.2

Client Name:	Everbank
Client Project Name:	TBMLT 2018-3
Start - End Dates:	11/2017 TO 09/2018
Deal Loan Count:	478
Report Run Date:	10/16/2018 5:35 PM

Conditions Report 2.0

Loans in Report:	478
Loans with Conditions:	373

39 - Total Active Conditions
	39 - Non-Material Conditions
		14 - Credit Review Scope
			1 - Category: Application
			1 - Category: Assets
			3 - Category: Credit/Mtg History
			4 - Category: Income/Employment
			2 - Category: LTV/CLTV
			3 - Category: Terms/Guidelines
		25 - Compliance Review Scope
			3 - Category: Federal Consumer Protection
			1 - Category: Repayment Ability
			6 - Category: Right of Rescission
			1 - Category: State Consumer Protection
			14 - Category: TILA/RESPA Integrated Disclosure
726 - Total Satisfied Conditions
		144 - Credit Review Scope
			45 - Category: Ability to Repay/Qualified Mortgage
			5 - Category: Application
			11 - Category: Assets
			7 - Category: Credit/Mtg History
			12 - Category: DTI
			21 - Category: Income/Employment
			8 - Category: Insurance
			27 - Category: Legal Documents
			6 - Category: Terms/Guidelines
			2 - Category: Title
		229 - Property Valuations Review Scope
			190 - Category: Appraisal
			2 - Category: FEMA
			3 - Category: Property
			34 - Category: Value
		353 - Compliance Review Scope
			28 - Category: Ability to Repay/Qualified Mortgage
			2 - Category: Borrower's Interest
			1 - Category: Compliance Manual
			4 - Category: Documentation
			8 - Category: Finance Charge Tolerance
			31 - Category: RESPA
			2 - Category: Right of Rescission
			8 - Category: State Late Charges
			269 - Category: TILA/RESPA Integrated Disclosure
0 - Total Waived Conditions

©2018 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited.

Client Name:	Everbank
Client Project Name:	TBMLT 2018-3
Start - End Dates:	11/2017 TO 09/2018
Deal Loan Count:	478
Report Run Date:	10/16/2018 5:35 PM

Conditions Report 2.0

Loans in Report:	478
Loans with Conditions:	373

Loan Number

Original Principal Balance

State

Lender ATR/QM Status

Loan Level ATR/QM Status

Initial Securitization Overall Loan Grade

Final Securitization Overall Loan Grade

Initial Securitization Credit Loan Grade

Final Securitization Credit Loan Grade

Initial Securitization Property Valuations Loan Grade

Final Securitization Property Valuations Loan Grade

Initial Securitization Compliance Loan Grade

Final Securitization Compliance Loan Grade

Initial S&P Overall Loan Grade

Final S&P Overall Loan Grade

Initial S&P Credit Loan Grade

Final S&P Credit Loan Grade

Initial S&P Property Valuations Loan Grade

Final S&P Property Valuations Loan Grade

Initial S&P Compliance Loan Grade

Final S&P Compliance Loan Grade

Condition Category

Condition Sub Category

Condition Status

Initial Securitization Condition Grade

Final Securitization Condition Grade

Initial S&P Condition Grade

Final S&P Condition Grade

Condition Code

Condition Description

Condition Material Indicator

Initial Comments

Client/Seller Response Comments

Conclusion Comments

TRID Error Type

Cure Method

Compensating Factors

269

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1736: Significant time at current residence - Clayton Comments: Borrower have owned their home 25 years and 11 months. CFCFS1739: Postive mortgage payment history - Clayton Comments: Borrowers have 73 months mortgage history with no late pays.

234

XXXXXX

PA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $812,882.49, Required subject reserves $4944.94 x 6=$29,669.64, XXX $787 x 6 =$4722, 8245 XXX $1049.72 x 6=$6298.32. Total required reserves $40,689.96 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 771 exceeds guidelines of 720 CFCFS2854: Significant time in profession - Clayton Comments: B2 has 17 years in current profession

296

XXXXXX

IL

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8/28/2018 Desk Review provided supports value with a XXX% variance.

8/28/2018 Exception satisfied.

(No Data)

(No Data)

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender maximum DTI 43% Borrower DTI 32.98% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has >12 months PITI Reserves CFCFS1737: LTV below guideline requirements - Clayton Comments: Lender guidelines LTV/CLTV 80/80% Borrower LTV 75/75%

265

XXXXXX

CA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 776 exceeds guidelines of 620 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $91,193.84, Required reserves $0 CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has 15 years on job

325

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Please provide evidence that initial CD XXX was received and acknowledged by borrower 3 business days prior to consummation

8.29.18 Lender provided; Disclosure tracking showing CD dated XXX was acknowledged by borrower on XXX. consummation date XXX

8.30.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments: All accounts are paid as agreed. No public records. CFCFS1739: Postive mortgage payment history - Clayton Comments: Previous mortgage history reviewed 60 months 0X 30 days. Paid as agreed. CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI of 35.94% is 7.06 points below maximum allowed of 43%.

325

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting appraised value of $XXX.

8/29/2018 Desk Review provided supports value with a XXX% variance.

8/28/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments: All accounts are paid as agreed. No public records. CFCFS1739: Postive mortgage payment history - Clayton Comments: Previous mortgage history reviewed 60 months 0X 30 days. Paid as agreed. CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI of 35.94% is 7.06 points below maximum allowed of 43%.

388

XXXXXX

IL

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/12/18 - Received valuation $XXX. XXX% variance.

9/12/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score of 765 exceeds Program Guidelines of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 26.85% is below Program Guidelines of 43.00% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 5 years in their profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 34 months PITI reserves; guidelines require 6 months

297

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

B

A

A

D

B

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing XXX party valuation supporting the appraised value of $XXX

8/27/2018 Desk Review provided with a value of $XXX and a -XXX% variance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers $304,130.14 in post-closing reserve s47.14 months PITIA. Guidelines require 6 months for subject and 2 months for departing residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 793, which is 73 points higher than the guideline requirement of 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been with current employer since 2007, 11 years 1 month.

297

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

B

A

A

D

B

A

A

Property Valuations

Value

Satisfied

N/A

A

N/A

B

PRVAVALU153

Value Not Supported

No

Valuation with a value of $XXX and a variance of -XXX is outside of tolerance. Field review recommended

9/11/2018 Field review received supporting original appraisal value within tolerance.

9/11/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers $304,130.14 in post-closing reserve s47.14 months PITIA. Guidelines require 6 months for subject and 2 months for departing residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 793, which is 73 points higher than the guideline requirement of 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been with current employer since 2007, 11 years 1 month.

354

XXXXXX

MN

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

C

A

C

A

C

A

A

A

C

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Please provide evidence that CD dated XXX was received and acknowledged 3 days prior to consummation

9.6.18 Lender provided disclosure tracking that shows borrower acknowledged CD XXX ON XXX

9.7.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 45 months mortgage payment made as agreed. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Remaining non liquid reserves of $97,462.86 or 27.84 months.

354

XXXXXX

MN

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

C

A

C

A

C

A

A

A

C

A

C

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Provide an updated property evaluation to support the appraised value of $XXX.

9/05/2018 Desk Review provided supports value with a -XXX% variance.

9/05/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 45 months mortgage payment made as agreed. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Remaining non liquid reserves of $97,462.86 or 27.84 months.

354

XXXXXX

MN

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

C

A

C

A

C

A

A

A

C

A

C

A

Property Valuations

Property

Satisfied

C

A

C

A

PRVAPROP245

Escrow for Repairs - Not Released

No

Lender Exception for a variance to the escrow XXX guideline. Provide evidence that all XXX items are completed and funds released as of end of XXX.

9/6/18 - Lender provided Appraisal Update and/or Completion Report, all exterior construction completed. 9/10/18 - Clayton - Provide documentation that the Escrow for sod, irrigation and landscape of $XXX was released by Title Company ( On Final Closing Disclosure) 9/11/18 - Lender provided Disbursement Notice for the $XXX.

9/10/18 - Exception remains. 9/12/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 45 months mortgage payment made as agreed. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Remaining non liquid reserves of $97,462.86 or 27.84 months.

9

XXXXXX

NC

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of XXX

7.2.18 - Desk Review provided with XXX% variance

7.2.18 - Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 778, minimum required is 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 34.08%, max allowed per G/L is 43% CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been employed with the same employer for 11 years

10

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

B

A

C

A

C

A

A

A

B

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2698

RESPA - List of homeowners counseling organizations not in file

No

Missing List of XXX Counseling Organizations in file.

7.10.18 Lender provided HOC for XXX

7.11.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 772. Min 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 29.15 months PITIA reserves. Guidelines require 6 months reserves.

10

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

B

A

C

A

C

A

A

A

B

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing Lender's ATR/QM status determination.

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 772. Min 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 29.15 months PITIA reserves. Guidelines require 6 months reserves.

212

XXXXXX

TN

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 793 qualifying score exceeds required minimum required score of 720 by 73 points. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 11 years CFCFS2854: Significant time in profession - Clayton Comments: The borrower has been in current profession for 20 years CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 33.71% is 9.29 points below the maximum allowed DTI of 43%.

113

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Application

Satisfied

D

A

D

A

CRDAPP130

Application is incomplete

No

1) Missing initial executed application. 2) Page four of Final Application not signed.

8/6/18 - Lender response - The final executed 1003 has been provided under a separate cover. The initial 1003 does not require the borrower's signature per the Operations Manual excerpt. 8/6/18 - Clayton - Page XXX of XXX dated XXX Under Loan Package Requirements - A. Documentation Requirements Uniform Residential Loan Application (Form 1003): XXX requires the use of the most currently published version of the XXX Form 1003 --Uniform Residential Loan Application. The application should be complete, legible, accurate and signed by all applicants/applicants. The initial application and the final computer-generated application should be included in the loan submission package to XXX.

8/6/18 - Exception remains for copy of signed Initial Application. 9/25/2018: Exception satisfied. Final is signed.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Final CD required funds to close of $XXX. Statements in file supported assets of $XXX with reserves of $255,858.76. 6 months reserves required with a loan amount <$1MM< 80% LTV ($3,787.78x 6 =$22,726.68). CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 766. Min 720.

326

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

8.29.18 - Desk review provided with XXX% variance

8.29.18 - Exception satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: B1 15 years in same profession CFCFS1739: Postive mortgage payment history - Clayton Comments: 90 mos. reviewed on credit with 0X30 days. Paid as agreed CFCFS1747: Housing expense increase is 10% or less - Clayton Comments: < than 10% increase in current housing expense CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Final CD required funds to close of $136,851.18. Statements in file supported assets of $224,727.85 with reserves of $87,876.67. 6 months reserves required with a loan amount <$1MM< 80% LTV ($2990.19 x 6=$17,941.14). An Additional 6 months is required on the other financed property ($2273.97 X 6=$13,643.82) for a total of $31,584.96 in required reserves

270

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower employed with current employer for 19 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 767. Minimum credit score required 720.

355

XXXXXX

MN

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

The loan file is missing documentation showing proof that the property taxes and homeowners insurance included in the monthly mortgage payment of $XXX for the property on XXX.

8/31/18 - Lender response - A copy of the hazard insurance and a property detail report is attached that confirms that the escrow payment of $XXX on the XXX mortgage is for both the hazard insurance and taxes for property located on XXX. A letter from the borrower is also included that confirms there is no HOA fee for this property.

8/31/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 788 qualifying score. Min required per guidelines is 720 CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 6 years

355

XXXXXX

MN

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

Credit

DTI

Satisfied

D

A

D

A

CRDDTI2540

Missing verification of some or all components of non-subject PITI

No

The loan file is missing proof that the property taxes and homeowners insurance included in the monthly mortgage payment of $XXX for the property on XXX.

8/31/18 - Lender response - A copy of the hazard insurance and a property detail report is attached that confirms that the escrow payment of $XXX on the XXX mortgage is for both the hazard insurance and taxes for property located on XXX. A letter from the borrower is also included that confirms there is no HOA fee for this property.

8/31/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 788 qualifying score. Min required per guidelines is 720 CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 6 years

355

XXXXXX

MN

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting the $XXX value

9/04/2018 Desk Review provided supports value with a XXX% variance.

9/04/2018 Exception satisfied.

(No Data)

(No Data)

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 788 qualifying score. Min required per guidelines is 720 CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 6 years

298

XXXXXX

UT

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Active

B

B

B

B

CMPTRID5019

TRID - Closing Disclosure; Optional designation missing from optional insurance product

No

CD: XXX Section: Other Fees,-Home Warranty of $XXX was not reflected as optional. Paid by borrower.

(No Data)

(No Data)

Non-Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 782, which is XXX points higher than the guideline requirement of 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been with current employer since 2007, 11 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: Dti is 29.94%, which is 13.06% less than guideline max of 43.0%

298

XXXXXX

UT

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8/24/2018 Desk Review provided supports value with a XXX% variance.

8/24/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 782, which is XXX points higher than the guideline requirement of 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been with current employer since 2007, 11 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: Dti is 29.94%, which is 13.06% less than guideline max of 43.0%

271

XXXXXX

MN

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

Missing XXX statement to support $XXX/mo for property XXX shown on the final 1003

8/17/18 - Lender response - The attached statement that was in the file documents the XXX assessment fees of $XXX per year.

8/19/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 808 exceeds guidelines of 720 CFCFS2854: Significant time in profession - Clayton Comments: B1 has 18 years in current profession CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $113,764.22, Required reserves $3450.19 x 6 =$20,702.80 and 3 months for additional financed property ($1582.50 X 3=$4747.50)

271

XXXXXX

MN

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

DTI

Satisfied

D

A

D

A

CRDDTI2540

Missing verification of some or all components of non-subject PITI

No

Missing XXX statement to support $XXX/mo for property XXX shown on the final 1003

8/17/18 - Lender response - The attached statement that was in the file documents the XXX assessment fees of $XXX per year.

8/19/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 808 exceeds guidelines of 720 CFCFS2854: Significant time in profession - Clayton Comments: B1 has 18 years in current profession CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $113,764.22, Required reserves $3450.19 x 6 =$20,702.80 and 3 months for additional financed property ($1582.50 X 3=$4747.50)

299

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4283

TRID - CD: The value for Deposit in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

CD XXX Calculating Cash to close table LE column of the GRID does not match the last LE issued XXX. Requires corrected PCCD, LOX and verification of shipping.

8.22.18 Lender provided LE dated XXX. Clayton response; LE XXX not delivered in original documents, Exception Satisfied

8.23.18 Exception satisfied

Non-Numeric

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: Current mortgage hist. reflects 0X30 days. Paid as agreed CFCFS1744: DTI below guideline requirement - Clayton Comments: 27.13% Max 43% CFCFS2860: Good credit history - Clayton Comments: No late payments. 0x30 days. No public records.

299

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

8/27/2018 Desk Review provided supports value with a XXX% variance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: Current mortgage hist. reflects 0X30 days. Paid as agreed CFCFS1744: DTI below guideline requirement - Clayton Comments: 27.13% Max 43% CFCFS2860: Good credit history - Clayton Comments: No late payments. 0x30 days. No public records.

11

XXXXXX

TN

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

C

B

D

B

A

A

D

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD's XXX and XXX, Section F, line 1, is missing number of months. Letter of Explanation; Provide CD with correct information within 60 days of consummation (if non-numeric), or of discovery (if numeric and/or have client XXX(b) or XXX(c) permission)

7.9.18 Lender provided PC CD dated XXX that includes number of months for HOI

7.10.18 Exception Satisfied

Hybrid

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 777 with a guidelines required score of 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: Max guidelines allow for DTI of 47%; subject debt ratio is 14.41

11

XXXXXX

TN

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

C

B

D

B

A

A

D

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3676

TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation.

No

The fees increased at closing without a valid reason on the final CD XXX. Numeric-Material Error. Can be downgraded Lv 2 Non-material with Client consent to Legacy TILA Cure XXX(B), corrected post CD, LOX, and verification of refund sent to borrower.

7.5.18 lender provided all COC's pertaining to increases

7.5.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 777 with a guidelines required score of 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: Max guidelines allow for DTI of 47%; subject debt ratio is 14.41

11

XXXXXX

TN

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

C

B

D

B

A

A

D

A

C

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing the CDA supporting $XXX value.

7/9/2018 Desk Review provided supports value with a XXX% variance.

7/9/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 777 with a guidelines required score of 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: Max guidelines allow for DTI of 47%; subject debt ratio is 14.41

300

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8/27/2018 Desk Review provided supports value with a XXX% variance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 14.76 months verified reserves. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 30 years experience as a project executive in the XXX.

114

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD XXX Other Costs section, Field E: Mortgage/Deed portion of recording fees are required to be itemized, exception satisfied

(No Data)

(No Data)

Hybrid

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $107,672.86; reserves after closing: 33.66 months PITI exceeding the 6 months req'd by GL's. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: VOE supports B has been with the same employer with XXX for over 11 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score is 771, 51 points above the lender's minimum allowed for 6 months reserves of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 35.35% below the max allowed of 43%.

114

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Missing acknowledgment of receipt of CD 3 days prior to consummation

8.3.18 Lender provided Disclosure tracking CD XXX acknowledged on XXX

8.5.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $107,672.86; reserves after closing: 33.66 months PITI exceeding the 6 months req'd by GL's. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: VOE supports B has been with the same employer with XXX for over 11 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score is 771, 51 points above the lender's minimum allowed for 6 months reserves of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 35.35% below the max allowed of 43%.

115

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

C

A

D

A

D

A

A

A

C

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2698

RESPA - List of homeowners counseling organizations not in file

No

File is missing the written list of XXX counseling.

8.8.18 Lender provided HOC

8.9.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been employed in the same profession for 21 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score of 761 exceeds required score of 720 by 41 points.

115

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

C

A

D

A

D

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

Creditor application date XXX-LE dated XXX is the earliest LE List of providers was not disclosed until XXX

8.17.18 Lender provided SPL dated XXX.

8.20.18 Exception satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been employed in the same profession for 21 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score of 761 exceeds required score of 720 by 41 points.

115

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

C

A

D

A

D

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3552

TRID - Loan Estimate not timely

No

Creditor application date XXX, Earliest LE XXX Not disclosed within 3 days of application date

8.17.18 Lender provided Initial LE dated XXX

8.20.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been employed in the same profession for 21 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score of 761 exceeds required score of 720 by 41 points.

115

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

C

A

D

A

D

A

A

A

C

A

Credit

Assets

Satisfied

C

A

C

A

CRDAST205

Insufficient Funds to Close

No

File is missing assets. (File contains copy of EMD check).

8/8/18 - Lender provided proof of assets.

8.9.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been employed in the same profession for 21 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score of 761 exceeds required score of 720 by 41 points.

115

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

C

A

D

A

D

A

A

A

C

A

Credit

Assets

Satisfied

C

A

C

A

CRDAST3078

Insufficient # of months cash reserves for PITI per guideline requirements

No

Missing XXX months asset statements to support required reserves of $51,472.82.

8/8/18 - Lender provided proof of assets.

8.9.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been employed in the same profession for 21 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score of 761 exceeds required score of 720 by 41 points.

115

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

C

A

D

A

D

A

A

A

C

A

Credit

Assets

Satisfied

D

A

D

A

CRDAST2304

Unverified Assets

No

Missing XXX months asset statements to support source of funds for EMD of $XXX. Asset statements were not provided.

8/8/18 - Lender provided proof of assets.

8.9.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been employed in the same profession for 21 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score of 761 exceeds required score of 720 by 41 points.

116

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Assets

Satisfied

D

A

D

A

CRDAST2670

Asset documentation is insufficient per guideline requirements

No

Missing documentation to evidence that gift funds, in the amount of $XXX, were deposited into the borrowers account prior to closing.

8/8/18 - Lender provided Account check showing deposit of $XXX

8/9/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 40.58 is below guideline requirement of 43% CFCFS2860: Good credit history - Clayton Comments: Borrowers have a good credit history the last 24 months. All tradelines are paid as agreed. Borrowers experienced some minor late payments 24+ months prior.

12

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

Finance Charge Tolerance

Satisfied

C

B

C

B

CMPFINT106

Finance charge understated by more than $100 (Pmt Stream)

No

Finance charge understated by $XXX.

7.5.18 lender provided XXX listing fees counted towards finance charges

7.5.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 20 years at the current job. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has 13 years at their current job. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score of 741 exceeds Program Guidelines of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 32.60% is below Program Guidelines of 43.00% CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 13 years at the current residence. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 20 years in their profession. Co-Borrower has 20 years in their profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 29.44 months PITI reserves; guidelines require 6 months

12

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

State Late Charges

Satisfied

B

B

B

B

CMPSLC1127

Late Charge percentage exceeds regulatory limits

No

The Late Charge percentage exceeds regulatory limits. XXX state limit is XXX%, Note reflects XXX%.

7.5.18 lender response; Please be advised that XXX is a XXX and the loan late charge of XXX% applied to the loan is in compliance with federal laws.

7.5.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 20 years at the current job. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has 13 years at their current job. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score of 741 exceeds Program Guidelines of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 32.60% is below Program Guidelines of 43.00% CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 13 years at the current residence. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 20 years in their profession. Co-Borrower has 20 years in their profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 29.44 months PITI reserves; guidelines require 6 months

1

XXXXXX

OR

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

C

B

D

B

A

A

D

B

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID4027

TRID - CD: The P&I Payment on the Loan Terms section of Final Closing Disclosure does not match the initial Note P&I

No

The P&I at consummation per the CD Loan Terms section does not match does not match the P&I on the Note, on the initial CD or final CD dated XXX

5.23.18 Lender Response; Lender provided PC CD dated XXX correcting P&I

5.24.18 Exception Satisfied

Numeric

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 11 years at the current job. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score of 769 exceeds Program Guidelines of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 18.10% is below Program Guidelines of 43.00% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 66.67% is below Program Guidelines of 80.00% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 20 years in their profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 73 months PITI reserves; guidelines require 6 months

1

XXXXXX

OR

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

C

B

D

B

A

A

D

B

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3944

TRID - CD: The P&I at consummation per the CD Loan Terms section does not match the P&I per Year 1 in the CD Project Payments section

No

The P&I at consummation per the CD Loan Terms section does not match does not match the P&I on the Note, on the initial CD or final CD dated XXX

5.23.18 Lender Response; Lender provided PC CD dated XXX correcting P&I

5.24.18 Exception Satisfied

Numeric

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 11 years at the current job. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score of 769 exceeds Program Guidelines of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 18.10% is below Program Guidelines of 43.00% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 66.67% is below Program Guidelines of 80.00% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 20 years in their profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 73 months PITI reserves; guidelines require 6 months

1

XXXXXX

OR

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

C

B

D

B

A

A

D

B

C

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

5.21.18 - Desk review provided with a value of $XXX; -XXX% variance .

5.21.18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 11 years at the current job. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score of 769 exceeds Program Guidelines of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 18.10% is below Program Guidelines of 43.00% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 66.67% is below Program Guidelines of 80.00% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 20 years in their profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 73 months PITI reserves; guidelines require 6 months

1

XXXXXX

OR

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

C

B

D

B

A

A

D

B

C

B

Property Valuations

Value

Satisfied

N/A

A

N/A

B

PRVAVALU153

Value Not Supported

No

5.21.18 - Desk review provided with a value of $XXX; -XXX% variance . 5/21/18 - Clayton - Desk review received indicating a value outside of tolerance. Field review recommended. Clayton to order.

6.5.18 - Filed review provided supporting appraisal value within tolerance.

6.5.18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 11 years at the current job. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score of 769 exceeds Program Guidelines of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 18.10% is below Program Guidelines of 43.00% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 66.67% is below Program Guidelines of 80.00% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 20 years in their profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 73 months PITI reserves; guidelines require 6 months

436

XXXXXX

OR

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing XXX party valuation supporting the original appraised value of $XXX

9/14/2018 Desk Review provided supports value with a XXX% variance.

9/14/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified $368,127.47 in liquid assets minus funds to close of $246685 = $121,442.47 / piti $5,957.22 = 20.38 months of reserves. 12 months are required. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co Borrower has 21 years with her current employer. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Even though the Lender is not using the Borrower's income, he has 29 years with his current employer. CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers own their current home for 18 years.

117

XXXXXX

OR

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

C

A

C

A

C

B

A

A

C

B

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Missing proof initial CD was received by borrower 3 days before closing

8.8.18 Lender provided Disclosure tracking showing CD XXX acknowledged on XXX

8.9.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 300.29 months reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Loan score of 771. Minimum 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed by his current employer for 21 years 5 months. CFCFS1744: DTI below guideline requirement - Clayton Comments: Calculated DTI of 33.42. Maximum DTI 43%

117

XXXXXX

OR

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

C

A

C

A

C

B

A

A

C

B

C

A

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

Desk Review provided has a value of $XXX and a -XXX% variance; outside of variance. Field review recommended.

8/15/18 Field review received supporting original appraisal value within tolerance.

8/15/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 300.29 months reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Loan score of 771. Minimum 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed by his current employer for 21 years 5 months. CFCFS1744: DTI below guideline requirement - Clayton Comments: Calculated DTI of 33.42. Maximum DTI 43%

301

XXXXXX

OR

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments: Guidelines allow for an LTV of up to 80%; subject transaction has an LTV of 63.40% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Guidelines require a minimum score of 720; subject has a qualifying score of 805. CFCFS1734: Borrower has significant time at current job - Clayton Comments: A 24 month employment history is required; borrower has been XXX for 23 years.

13

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation to support appraised value of $XXX.

7/11/2018 Desk Review provided supports value with a XXX% variance.

7/9/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 798; minimum per guidelines 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 6 months subject PITIA reserves required (3558.98*6 = $21353.88); 22 months subject property PITIA reserves verified (80297.38/3558.98)

118

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

C

A

D

B

D

B

A

A

C

B

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

No

XXX % Tolerance requirements not met due to missing LE. Cure required.

8.8.18 Lender Provided missing LE

8.9.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: B2 has additional XXX income of $XXX not being used or needed to qualify. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Loan score of 742. Miin 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 32.31 in reserves.

118

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

C

A

D

B

D

B

A

A

C

B

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3676

TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation.

No

XXX% Tolerance requirements not met due to missing LE. Cure required.

8.8.18 Lender provided missing LE

8.9.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: B2 has additional XXX income of $XXX not being used or needed to qualify. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Loan score of 742. Miin 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 32.31 in reserves.

118

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

C

A

D

B

D

B

A

A

C

B

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID3494

TRID - Loan Estimate Missing

No

Only Pg 3 of 3 of the LE signed on XXX is in the loan file. The issue date is unknown. Client to Provide All LE's associated with this loan file and any related COC's.

8.8.18 Lender provided complete LE XXX

8.9.18 EXCEPTION SATISFIED

(No Data)

Not Applicable

CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: B2 has additional XXX income of $XXX not being used or needed to qualify. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Loan score of 742. Miin 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 32.31 in reserves.

118

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

C

A

D

B

D

B

A

A

C

B

D

B

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

Valuation variance outside of tolerance. Field review recommended.

8/21/18 Field review received supporting original appraisal value within tolerance.

8/21/18 Exception satisfied.

(No Data)

Not Applicable

CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: B2 has additional XXX income of $XXX not being used or needed to qualify. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Loan score of 742. Miin 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 32.31 in reserves.

14

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Please provide evidence that CD dated XXX was acknowledged by the borrower 3 days prior to consummation

7.6.18 Lender provided Disclosure management that shows CD XXX was acknowledged on XXX.

7.9.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: 13 years in same profession CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 800, minimum required per G/L is 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 32.97%, max allowed per is 43%

14

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing lender's QM Status determination

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: 13 years in same profession CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 800, minimum required per G/L is 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 32.97%, max allowed per is 43%

15

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing Lender's ATR/QM status determination.

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: mortgage his reflects 0 X 30 days. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: mid score is 785 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 120 mos. post close reserves verified

204

XXXXXX

WA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 42 months verified reserves. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage pay history 0x30 28 months reporting. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 12 years in the same profession.

205

XXXXXX

WA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 61.31%; max allowed per guidelines is 80%. CFCFS2854: Significant time in profession - Clayton Comments: The borrower has been in current profession for 5 years

206

XXXXXX

WA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender Max DTI 43% Borrower DTI 29.20% CFCFS1737: LTV below guideline requirements - Clayton Comments: Lender Max LTV/CLTV 80% Borrower LTV/CLTV 44% CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 XXX for 8 1/2 years and in same line of business for 30 years. B2 with current employer 5 years 11 months and in same line of business for 25 years.

327

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

The file is missing evidence that the initial CD was acknowledged by the borrower at least XXX business days prior to consummation.

8.30.18 Lender provided disclosure tracking showing CD XXX was acknowledged on XXX

8.31.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: The borrowers DTI is 32.20% and the lender's maximum DTI is 43%. CFCFS3836: Borrower Net Worth - Clayton Comments: Borrower net worth $XXX. Min liabilities CFCFS2860: Good credit history - Clayton Comments: All accounts paid as agreed. No late payments, collections or judgments.

384

XXXXXX

WA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/12/2018 Desk Review provided supports value with a -XXX% variance.

9/12/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves not required per DU findings; 4 months subject property reserves verified CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 745. Min 620

385

XXXXXX

WA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

B

B

A

D

A

C

B

D

B

B

A

D

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3646

TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or the revised LE/CD was not timely disclosed; insufficient credit or refund provided

No

$XXX tolerance due to increase in recording fees. Final CD provided $XXX cure, of which $XXX was applied to appraisal fee increase violation leaving a remaining $XXX available to apply towards cure. $XXX cure is remaining due to borrower. Requires corrected PCCD, copy of refund check, LOX and verification of shipping.

9.6.18 Lender provided PC CD dated XXX that shows decrease to recording fees and elimination of Notary fee, lender credit applied to finance charges. XXX TOLERANCE CURE SUFFICIENT.

9.7.18 Exception Satisfied

Numeric

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: 9 years current job time CFCFS1739: Postive mortgage payment history - Clayton Comments: current mtg. reviewed 45 mos. 0X30 days B1 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 710. Min 620.

385

XXXXXX

WA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

B

B

A

D

A

C

B

D

B

B

A

D

A

C

B

Credit

Terms/Guidelines

Satisfied

B

A

B

A

CRDTER2548

Missing AUS or AUS errors present

No

Provide DU Findings reflecting gift monies received in the amt. of $XXX

9/7/18 - Lender provided updated DU with the $XXX gift.

9/10/18 – Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: 9 years current job time CFCFS1739: Postive mortgage payment history - Clayton Comments: current mtg. reviewed 45 mos. 0X30 days B1 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 710. Min 620.

385

XXXXXX

WA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

B

B

A

D

A

C

B

D

B

B

A

D

A

C

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing XXX party property valuation supporting the appraised value of $XXX

9/9/18 - Property Valuation $XXX. -XXX% variance.

9/10/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: 9 years current job time CFCFS1739: Postive mortgage payment history - Clayton Comments: current mtg. reviewed 45 mos. 0X30 days B1 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 710. Min 620.

119

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

C

A

B

A

A

A

C

A

C

A

B

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

File is missing evidence that the initial CD was acknowledged at least 3 business days prior to consummation.

8.8.18 Lender provided disclosure tracking showing CD XXX acknowledged on XXX

8.9.18 Exception SATISFIED

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: 12 years in same profession CFCFS1744: DTI below guideline requirement - Clayton Comments: 34.50% Max 43% CFCFS2860: Good credit history - Clayton Comments: All accts. are paid as agreed. 0X30 days

119

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

C

A

B

A

A

A

C

A

C

A

B

A

A

A

C

A

Credit

Credit/Mtg History

Satisfied

B

A

B

A

CRDCRMH118

Mortgage/rental lates exceed guidelines

No

Missing copy of Note and cancel checks for private mortgage on subject property (Payee: XXX).

8/6/18 - Lender provided copy of Note and cancelled checks.

8/6/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: 12 years in same profession CFCFS1744: DTI below guideline requirement - Clayton Comments: 34.50% Max 43% CFCFS2860: Good credit history - Clayton Comments: All accts. are paid as agreed. 0X30 days

120

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 36.98% Max 43% CFCFS2860: Good credit history - Clayton Comments: All accts. are paid as agreed. 0X30 days CFCFS1739: Postive mortgage payment history - Clayton Comments: Primary home mtg. paid as agreed. 0X30 days

213

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 783.Min 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower with current employer 15 years 3 months. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower with current employer 6 years 1 month.

121

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments: 21.81% Max 43% CFCFS2854: Significant time in profession - Clayton Comments: 20 years in same profession CFCFS1734: Borrower has significant time at current job - Clayton Comments: 11 years current job time.

16

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing lender's QM status determination

7/10/2018 -Lender provided their ATR/QM status determination.

7/11/2018 Exception satisfied..

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 176 mos. verified post close reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 816, minimum required is 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: 27.78% DTI Max is 43%

122

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA863

RESPA: Required Affiliate Business Disclosure missing

No

File is missing the required affiliated business disclosure.

8.3.18 Lender provided missing ABA

8.5.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $96,062.27 or 29.06 months PITIA. CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Commission, XXX income not used in qualifying

17

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

B

A

C

A

C

A

A

A

B

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2698

RESPA - List of homeowners counseling organizations not in file

No

List of homeowners counseling organizations not in file please provide issued disclosure to borrowers within 3 days of initial application date

7.9.18 Lender provided ; HOC for XXX

7.10.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 777. Minimum credit score required 720 CFCFS2854: Significant time in profession - Clayton Comments: Borrower employed in same profession for 16 years CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: Borrower has no mortgage lates during the past two years

17

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

B

A

C

A

C

A

A

A

B

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing Lender's ATR/QM status determination

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 777. Minimum credit score required 720 CFCFS2854: Significant time in profession - Clayton Comments: Borrower employed in same profession for 16 years CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: Borrower has no mortgage lates during the past two years

17

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

B

A

C

A

C

A

A

A

B

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

7/3/2018 Desk Review provided supports value with a XXX% variance.

7/3/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 777. Minimum credit score required 720 CFCFS2854: Significant time in profession - Clayton Comments: Borrower employed in same profession for 16 years CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: Borrower has no mortgage lates during the past two years

123

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

The loan closed XXX. The file is missing evidence that the initial CD XXX was acknowledged by the borrow at least XXX business days prior to consummation. Without proof of delivery, defaults to mailbox rule; earliest date for consummation is XXX.

8.7.18 Lender provided Disclosure tracking that shows initial CD XXX was acknowledged on XXX

8.8.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves of $250,417.24 (77.11 months PITI) exceed required 6 months reserves required with a loan amount <$1MM< 80% LTV ($3,247.52 x 6 =$19,485.12); and additional 2 months reserves required for each additional REO ($320.74*2=$641.48) ($117.26*2=$234.52.) Total required reserves are $20,361.12. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit 792. min 720 CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower with current employer 19 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower with current employer 18 years.

124

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID3554

TRID - LE delivered only via e-mail but there is no prior e-sign consent in file; by regulation, LE must be treated as not delivered

No

LE dated XXX sent to borrower via email No econsent in the file- Cannot conform borrower received LE

8.8.18 LENDER PROVIDED ; Disclosure tracking that shows LE XXX acknowledged by borrower on XXX

8.9.18 Exception satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: The borrower have 15 years in her profession. CFCFS1739: Postive mortgage payment history - Clayton Comments: 53 mos. reviewed on credit. 0X30 days. Paid as agreed CFCFS1744: DTI below guideline requirement - Clayton Comments: The lender maximum debt to income ratio is 43%. The borrower debt to income ratio is 28.44%.

124

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID3600

TRID - CD delivered only via e-mail but there is no prior e-sign consent in file; by regulation, CD must be treated as not delivered

No

CD dated XXX sent to borrower via email No econsent in the file- Cannot conform borrower received CD

8.8.18 Lender provided disclosure tracking that shows XXX CD acknowledged on XXX.

8.9.18 Exception satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: The borrower have 15 years in her profession. CFCFS1739: Postive mortgage payment history - Clayton Comments: 53 mos. reviewed on credit. 0X30 days. Paid as agreed CFCFS1744: DTI below guideline requirement - Clayton Comments: The lender maximum debt to income ratio is 43%. The borrower debt to income ratio is 28.44%.

124

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Application

Satisfied

D

A

D

A

CRDAPP130

Application is incomplete

No

Missing final 1008 matching XXX payment letter.

8/8/18 - The Final 1008 may not always match agree with the XXX payment letter and this would be immaterial so please waive or accept as is. XXX- Clayton - Your Transmittal Summary shows PITIA as $XXX. The Final application shows PITIA $XXX as does the XXX Payment letter to borrower. Please correct Transmittal Summary, cannot have contradicting documentation. 08/13/18 - Per Lender, the 1008 has an estimate of the property tax monthly figure of $XXX while the actual taxes verified at $XXX/month.Given that the 1008 reflects a higher TI, the Lender would not update the 1008. Exception satisfied.

8/9/18 - Exception reamins. 8/13/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: The borrower have 15 years in her profession. CFCFS1739: Postive mortgage payment history - Clayton Comments: 53 mos. reviewed on credit. 0X30 days. Paid as agreed CFCFS1744: DTI below guideline requirement - Clayton Comments: The lender maximum debt to income ratio is 43%. The borrower debt to income ratio is 28.44%.

125

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID3730

TRID - Error #2 discovered on Closing Disclosure

No

Refers to all CDs: Summaries of Transactions: Section K is missing complete to/from dates for Annual XXX Assessment. Section L is missing complete to/from dates for Non-Ad Valorem Solid waste and storm water. Requires corrected PCCD, LOX and verification of shipping.

8.10.18 Lender response; This error was discovered by our review team post-closing and corrected by our resolution team. The Post Consummation Closing Disclosure was completed and sent out to the borrower via XXX. Please see attached.

8.12.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 employed at current job 20 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified case reserves of $116,461.36 after closing. 24.86 months PITIA. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower with same employer 17 years.

125

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD: XXX: Loan Costs, Municipal Lien Search payable to name listed as "to be determined". Corrected on subsequent CD. CD: XXX: Other Costs: Homeowner's Insurance Premium missing the payable name. Corrected on PCCD XXX. Satisfied.

(No Data)

8/3/2018: Exception satisfied.

Hybrid

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 employed at current job 20 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified case reserves of $116,461.36 after closing. 24.86 months PITIA. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower with same employer 17 years.

328

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2854: Significant time in profession - Clayton Comments: 9 years in profession as XXX CFCFS1739: Postive mortgage payment history - Clayton Comments: All mortgage accounts 0 x 30. CFCFS1747: Housing expense increase is 10% or less - Clayton Comments: Housing payment increase is < than 10%

302

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2700

RESPA - List of homeowners counseling organizations not provided w/in 3 days of application

No

The initial application date is XXX; homeownership counseling list issued XXX.

8.22.18 Lender provided Audit trail document showing property was TBD until XXX, Actual app date XXX

8.23.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 22.81% maximum is 43%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 19 years job time.

302

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

The initial application date is XXX; written list of service providers list issued XXX.

8.22.18 Lender provided Audit trail document showing property was TBD until XXX, Actual app date XXX

8.23.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 22.81% maximum is 43%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 19 years job time.

302

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3552

TRID - Loan Estimate not timely

No

The initial application date is XXX; initial Loan estimate issued XXX.

8.22.18 Lender provided Audit trail document showing property was TBD until XXX, Actual app date XXX

8.23.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 22.81% maximum is 43%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 19 years job time.

302

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

The file is missing evidence that the initial CD XXX was acknowledged at least XXX business days prior to consummation.

8.22.18 Lender provided EDisclosure Tracking showing borrower acknowledged CD XXX ON XXX

8.23.18 - Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 22.81% maximum is 43%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 19 years job time.

302

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing XXX party property valuation supporting the appraised value of $XXX.

8/27/2018 Desk Review provided supports value with a -XXX% variance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 22.81% maximum is 43%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 19 years job time.

475

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves of 76,335.39 are greater than 3 times the amount required by guideline. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying score of 793 exceeds guideline of 720.

449

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

A

A

D

A

D

A

D

A

A

A

Credit

Assets

Satisfied

D

A

D

A

CRDAST2354

Asset Verification In File is Incomplete Per Requirements

No

XXX gift letters (each for $XXX) do not reflect the relationship to the applicants.

8/19/18 - Lender response - The attached XXX Document states that the donor is the XXX of subject borrower and the underwriter addressed the relationship on the Verdict, also attached. XXX - Clayton - Lender provided copy of gift checks drawn on XXX. XXX lists borrower as XXX of XXX.

9/19/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $192,845.49 in reserves. 6 months subject property reserves required (6634.92*6 = $39809.52); other REO 2 months required (2781.81*2 = $5563.62; total required for reserves $45,373.14. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer for more than 9 years 1 month. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in current profession for 19 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 28.03%; max 43% per guidelines

449

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

A

A

D

A

D

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/19/18 - Received valuation $XXX. XXX% variance.

9/19/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $192,845.49 in reserves. 6 months subject property reserves required (6634.92*6 = $39809.52); other REO 2 months required (2781.81*2 = $5563.62; total required for reserves $45,373.14. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer for more than 9 years 1 month. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in current profession for 19 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 28.03%; max 43% per guidelines

457

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Loan closed XXX. Initial CD in file issued XXX. The file is missing evidence that initial CD was acknowledged by the borrower at least XXX days prior to consummation.

9.20.18 Lender provided CD dated XXX and Acknowledgement that is was acknowledged on XXX

9.21.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 790. Min 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower with same employer 12 years 8 months. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 26.60%. Max 43%.

457

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

9/20/2018 Desk Review provided supports value with a XXX% variance.

9/20/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 790. Min 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower with same employer 12 years 8 months. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 26.60%. Max 43%.

389

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/11/2018 Desk Review provided supports value with a XXX% variance.

9/11/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Guidelines require a minimum score of 700; subject has a qualifying score of 729. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Guidelines require a 24 month employment history to be verified; the borrower has 11 years at is current position. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Guidelines require six months reserve on all financed properties; after reserve and closing cost, borrower has 15.82 in reserves.

437

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Please provide missing initial CD dated XXX, along with evidence that it was acknowledged XXX days prior to consummation

9.13.18 Lender provided Disclosure Tracking showing CD XXX acknowledged on XXX

9.14.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Verified $763,190.51 , Required $546,609.49, Reserves $216,581.02 , Required Reserves 6 months PITIA $3833.44 = $23,000.64 CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 43% current DTI 19.9% CFCFS1737: LTV below guideline requirements - Clayton Comments: Max LTV 80% current LTV 47.6%

437

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing XXX party valuation to support original appraised value of $XXX

9/14/2018 Desk Review provided supports value with a XXX% variance.

9/14/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Verified $763,190.51 , Required $546,609.49, Reserves $216,581.02 , Required Reserves 6 months PITIA $3833.44 = $23,000.64 CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 43% current DTI 19.9% CFCFS1737: LTV below guideline requirements - Clayton Comments: Max LTV 80% current LTV 47.6%

18

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

B

A

D

A

D

A

A

A

B

A

Compliance

Borrower's Interest

Satisfied

B

A

B

A

CMPBI1623

MA Borrower Interest; Worksheet missing

No

XXX Borrower interest worksheet missing.

7/12/18 - Lender provided XXX borrower interest work sheet unsigned or dated. See new exception created XXX

7/14/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been on job for 8 years. CFCFS1739: Postive mortgage payment history - Clayton Comments: Borrower has 54 months mortgage history with no late pays.

18

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

B

A

D

A

D

A

A

A

B

A

Compliance

Borrower's Interest

Satisfied

N/A

A

N/A

A

CMPBI1616

MA Borrower Interest; Worksheet not properly dated

No

7/12/18 - Lender provided XXX borrower interest work sheet unsigned or dated.

7/18/18 - Lender response - See attached form. XXX - Clayton- form signed and dated.

7/20/18 - Exception satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been on job for 8 years. CFCFS1739: Postive mortgage payment history - Clayton Comments: Borrower has 54 months mortgage history with no late pays.

18

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

B

A

D

A

D

A

A

A

B

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing Lender's ATR/QM status determination.

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been on job for 8 years. CFCFS1739: Postive mortgage payment history - Clayton Comments: Borrower has 54 months mortgage history with no late pays.

18

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

B

A

D

A

D

A

A

A

B

A

Credit

Assets

Satisfied

C

A

C

A

CRDAST3078

Insufficient # of months cash reserves for PITI per guideline requirements

No

Missing verification of funds.

7/17/18 - Lender response: See attached assets.

7/20/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been on job for 8 years. CFCFS1739: Postive mortgage payment history - Clayton Comments: Borrower has 54 months mortgage history with no late pays.

18

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

B

A

D

A

D

A

A

A

B

A

Credit

Assets

Satisfied

D

A

D

A

CRDAST2304

Unverified Assets

No

Missing verification of funds.

7/17/18 - Lender response: See attached assets.

7/20/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been on job for 8 years. CFCFS1739: Postive mortgage payment history - Clayton Comments: Borrower has 54 months mortgage history with no late pays.

19

XXXXXX

DE

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

B

C

A

A

B

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing ATR/QM status determination of the Ability to Repay/Qualified Mortgage rule.

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 5 years 8 months at the current job. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score of 769 exceeds Program Guidelines of 720. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 63.80 is below Program Guidelines of 80.00% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 22 years in their profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 50 months PITI reserves; guidelines require 12 months

19

XXXXXX

DE

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

B

C

A

A

B

A

A

Property Valuations

Value

Satisfied

N/A

A

N/A

B

PRVAVALU153

Value Not Supported

No

Valuation variance outside of tolerance. Field review recommended. Clayton to Order.

7/20/18 Field review received supporting original appraisal value within tolerance.

7/20/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 5 years 8 months at the current job. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score of 769 exceeds Program Guidelines of 720. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 63.80 is below Program Guidelines of 80.00% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 22 years in their profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 50 months PITI reserves; guidelines require 12 months

20

XXXXXX

TN

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing Lender's ATR/QM status determination.

7.16.8 - Lender provided ATR/QM status determination.

7.16.18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI allows for a max of 43% per guidelines; Current debt ratio of 26.68 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Guidelines call for a min credit score 720; borrower has a credit score of 774 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 14.44 months verified cash reserves.

126

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

C

A

D

A

D

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Missing acknowledgment of receipt of CD XXX days prior to consummation

8.8.18 Lender provided disclosure tracking showing CD XXX acknowledged by borrower on XXX

8.9.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 12.49 months PITIA of verified cash reserves exceed guideline requirements of 6 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lowest midpoint score of 776 exceed guideline requirements of 720 CFCFS1736: Significant time at current residence - Clayton Comments: 21 years at existing residence CFCFS2854: Significant time in profession - Clayton Comments: B2 has 28 years in same profession CFCFS1737: LTV below guideline requirements - Clayton Comments: 37.63% LTV is below the maximum of 80%

126

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

C

A

D

A

D

A

A

A

C

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2642

Missing proof that HELOC has been paid and closed to future draws

No

Missing proof that XXX with XXX has been closed to future draws. (signed Authorization to Payoff and Close not in file)

8/8/18 - Lender response - Please see signed authorization form.

8/8/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 12.49 months PITIA of verified cash reserves exceed guideline requirements of 6 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lowest midpoint score of 776 exceed guideline requirements of 720 CFCFS1736: Significant time at current residence - Clayton Comments: 21 years at existing residence CFCFS2854: Significant time in profession - Clayton Comments: B2 has 28 years in same profession CFCFS1737: LTV below guideline requirements - Clayton Comments: 37.63% LTV is below the maximum of 80%

303

XXXXXX

TN

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

The file is missing evidence that the initial 1003 was acknowledged at least XXX business days prior to consummation.

8.22.18 Lender provided; Disclosure tracking that shows The initial disclosure package was electronically delivered to borrower on XXX and viewed by both borrower’s the same day.

8.23.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 23.17% maximum is 43% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 61% maximum is 80% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $39,383.90 or 10.36 months PITIA.

303

XXXXXX

TN

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8/27/2018 Desk Review provided supports value with a -XXX% variance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 23.17% maximum is 43% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 61% maximum is 80% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $39,383.90 or 10.36 months PITIA.

272

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

C

A

D

A

D

B

A

A

C

B

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

File is missing Initial CD with Confirmation provided XXX days before consummation. Final CD XXX only CD provided in file.

8.17.18 Lender provided Initial CD dated XXX with E Consent and verification was acknowledged on XXX

8.20.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 815. Minimum credit score required 720 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower employed with current employer for 18 years

272

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

C

A

D

A

D

B

A

A

C

B

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID4579

TRID - CD: Missing Initial CD

No

File is missing Initial CD. Final CD XXX only CD provided in file.

8.17.18 Lender provided Initial CD dated XXX

8.20.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 815. Minimum credit score required 720 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower employed with current employer for 18 years

272

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

C

A

D

A

D

B

A

A

C

B

D

A

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

Desk Review supports a value of $XXX vs. the appraised value of $XXX causing a tolerance of -XXX% exceeding the XXX% allowed. A field review is required.

8/31/18 Field review received supporting original appraisal value within tolerance.

8/31/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 815. Minimum credit score required 720 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower employed with current employer for 18 years

273

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

C

A

B

A

C

B

A

A

C

B

B

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

Loan application date was XXX, the Written List of Providers was not provided until XXX.

8.17.18 Lender provided SPL dated XXX

8.20.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 29.76 months in verified post clsg reserves, Guidelines require 6 months for subject ($6,647.32 x 6 =$39,883.92); an additional 2 months reserves required for each additional REO ($2061*2=$4122) Total required reserves are $44,005.92. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 31.70%, max allowed per G/L is 43%

273

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

C

A

B

A

C

B

A

A

C

B

B

A

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

A desk review was received with a reported value of $XXX which is a variance of XXX% less than the original appraised value of $XXX. A field review is recommended to support the original appraised value.

8/28/18 Field review received supporting original appraisal value within tolerance.

8/28/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 29.76 months in verified post clsg reserves, Guidelines require 6 months for subject ($6,647.32 x 6 =$39,883.92); an additional 2 months reserves required for each additional REO ($2061*2=$4122) Total required reserves are $44,005.92. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 31.70%, max allowed per G/L is 43%

214

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

Documentation

Satisfied

C

A

C

A

CMPDOC3076

Legal document was not executed or is incomplete

No

The initial LE is missing from the loan file. The application date is XXX and the initial LE in file is dated XXX.

8.16.18 Lender provided initial LE dated XXX

8.16.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: 55 mos. reviewed. 0X30 days. CFCFS2860: Good credit history - Clayton Comments: All accts. are paid as agreed. 0X30 days. No public records. CFCFS2854: Significant time in profession - Clayton Comments: 10 years in same profession

214

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2700

RESPA - List of homeowners counseling organizations not provided w/in 3 days of application

No

The homeownership counseling list was issued XXX which is not within XXX days of the initial application date of XXX.

8.16.18 Lender provided HOC dated XXX

8.16.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: 55 mos. reviewed. 0X30 days. CFCFS2860: Good credit history - Clayton Comments: All accts. are paid as agreed. 0X30 days. No public records. CFCFS2854: Significant time in profession - Clayton Comments: 10 years in same profession

438

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

B

B

B

D

A

A

A

D

B

B

B

D

A

A

A

Credit

Credit/Mtg History

Active

B

B

B

B

CRDCRMH193

Length of mortgage/rental history in file does not meet guideline requirement

No

Missing VOR for XXX, #XXX from XXX-present to complete a XXX month history. Printout provided does not identify the landlord and only shows payment history thru XXX. XXX payment required to compete XXX month history. History provided for XXX.

9/18/18 - Lender response - (BF) Based on the applicants overall credit profile the Underwriter was willing to accept what was provide as nothing indicates the applicant would not pay the rental payment timely.

9/19/18 - Exception remains.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 788 exceeds required credit score of 720 by 68 points. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves of $226,244.52 or 42.04 months PITIA exceeds required reserves of $32,288.58.

438

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

B

B

B

D

A

A

A

D

B

B

B

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/13/18 - Received valuation. $XXX. XXX% variance.

9/17/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 788 exceeds required credit score of 720 by 68 points. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves of $226,244.52 or 42.04 months PITIA exceeds required reserves of $32,288.58.

127

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

D

B

D

B

D

A

A

A

D

B

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

1) Missing verification of PITIA for departing residence.XXX 2) Missing copy of HELOC Agreement or Note for $XXX subordinate lien.

8/15/18 - Lender provided PNC mortgage statement. PITI $XXX and copy of Terms of HELOC Agreement.

8/16/18 - Exceptions satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 84.83 months verified reserves. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower has seven years job time. CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: Borrowers mortgage payment history is 0x30, 64 months reporting.

127

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

D

B

D

B

D

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Active

B

B

B

B

CMPTRID4210

TRID - LE: Either both options or neither option was checked for the Servicing topic in the LE Other Considerations section

No

LE: XXX Other Considerations, Field: Servicing - to transfer servicing of your loan missing lender's intent

8.16.18 Lender response; We have reviewed the LE’s and agree that the Servicing Section of the LE was not completed. Please consider an exception for this issue. Exception Remains

8.16.18 Exception Remains

Non-Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 84.83 months verified reserves. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower has seven years job time. CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: Borrowers mortgage payment history is 0x30, 64 months reporting.

127

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

D

B

D

B

D

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

File is missing evidence that the initial CD XXX was received by borrower XXX days before consummation date of XXX.

8.16.18 Lender provided Disclosure tracking showing CD XXX acknowledged on XXX

8.16.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 84.83 months verified reserves. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower has seven years job time. CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: Borrowers mortgage payment history is 0x30, 64 months reporting.

127

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

D

B

D

B

D

A

A

A

D

B

Credit

DTI

Satisfied

D

A

D

A

CRDDTI2540

Missing verification of some or all components of non-subject PITI

No

Missing verification of PITIA for departing residence.XXX.

8/15/18 - Lender provided XXX mortgage statement. PITI $XXX.

8/16/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 84.83 months verified reserves. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower has seven years job time. CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: Borrowers mortgage payment history is 0x30, 64 months reporting.

127

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

D

B

D

B

D

A

A

A

D

B

Credit

Income/Employment

Satisfied

C

A

C

A

CRDINC150

Income docs do not meet guidelines

No

Missing XXX XXX Tax Extension for 1040s.

8/15/18 - Lender provided XXX Extension.

8/16/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 84.83 months verified reserves. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower has seven years job time. CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: Borrowers mortgage payment history is 0x30, 64 months reporting.

127

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

D

B

D

B

D

A

A

A

D

B

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL137

Missing copy of 2nd lien Note (subject is 1st lien)

No

Missing copy of XXX Agreement or Note for $XXX subordinate lien.

8/15/18 - Lender provided terms of XXX.

8/16/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 84.83 months verified reserves. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower has seven years job time. CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: Borrowers mortgage payment history is 0x30, 64 months reporting.

274

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 811 exceeds guideline requirement of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report shows 0x30 for 84 months CFCFS2860: Good credit history - Clayton Comments: Credit report shows no derogatory items, no collections and no public records. Borrowers credit history shows no late payments in prior 204 months CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of 12+ months exceeds guidelines of 6 months CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been a XXX for 5 years

304

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

The Written List of Providers was dated XXX. The loan application was dated XXX.

8.23.18 Lender provided SPL dated XXX

8.24.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX for 26 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 798 exceeds the required score of 720, 78 points.

304

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

The file is missing evidence that the initial CD was acknowledged at least XXX business days prior to consummation.

8.23.18 Lender provided Disclosure tracking that shows borrower acknowledged initial CD XXX on XXX

8.24.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX for 26 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 798 exceeds the required score of 720, 78 points.

304

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8/27/2018 Desk Review provided supports value with a -XXX% variance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX for 26 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 798 exceeds the required score of 720, 78 points.

21

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

C

B

D

B

D

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD: XXX and CD XXX Section: Other Costs, Field: F: Flood Insurance and Insurance Premium -Windstorm missing # of months prepaid.

7.12.18 Lender provided; PC CD XXX Correcting formatting issue

7.13.18 Exception Satisfied

Hybrid

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Over 14 years at current job. CFCFS2860: Good credit history - Clayton Comments: 773 credit score

21

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

C

B

D

B

D

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Missing acknowledgment of receipt of CD XXX days prior to consummation

7.12.18 lender response; lender provided disclosure tracking that shows CD XXX ACKNOWLEDGED on XXX

7.13.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Over 14 years at current job. CFCFS2860: Good credit history - Clayton Comments: 773 credit score

21

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

C

B

D

B

D

A

A

A

C

B

Credit

Insurance

Satisfied

D

A

D

A

CRDINSR3792

Insurance policy missing Rent Loss/Business Interruption coverage

No

Missing copy of windstorm policy to XXX.

7.12.18 - Lender provided windstorm policy to XXX.

7.14.18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Over 14 years at current job. CFCFS2860: Good credit history - Clayton Comments: 773 credit score

235

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with the same company, XXX for 18 years CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been with XXX for 9.7 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 765 exceeds guideline requirement of 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 31.67% is below the guideline requirement of 43% CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Borrower has additional documented business income not used in ratios. Co-Borrower has additional documented business and wage earnings not used in ratios. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $95,652.30.Per guidelines, 6 months reserves required on subject and 3 months on primary residence and reo. ($4865.05 * 6 = $29,19.03) ($4629.42 * 3 = $13.888.26) ($1479 * 3 = $4437) Total reserves required $47,515.5

363

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

9/04/2018 Desk Review provided supports value with a XXX% variance.

9/04/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower XXX for 14 years stable consistence job history CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 809 exceeds guideline requirement of 720 by 89 points CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Final CD required cash to close in the amount of $147,938.57. Assets verified as $295,759.47 liquid Remaining cash reserves in the amount of $147,820.90 is sufficient to meet reserve requirement of 6 months PITIA for each financed property($3850.33 x6= $23101.98)+ (2299.85 x 6= $13799.10) + (1673.02 x 6= $10,038.12)for a total reserve requirement of $46,939.20

22

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $361,205.37 or 120.28 months. 6 months reserves required. An Additional 6 months is required on the other financed property.

23

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing lender's QM status determination

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 778; minimum per guidelines 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: required reserves 12 months subject PITIA $4918.89*12 = $59026.68; 6 months primary PITIA $7285.74*6 = $43714.44; 6 months rental PITIA 2882.38*6 = $17294.28' total required for reserves $120035.40; additional subject property reserves = 23 months CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 34.80%; max per guidelines 43% CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer for more than 12 years. CFCFS2854: Significant time in profession - Clayton Comments: Co borrower has been in current profession for 17 years.

23

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Insurance

Satisfied

C

A

C

A

CRDINSR289

Insufficient Insurance Amount to Cover Loan Balance

No

HOI dwelling coverage is $XXX. Loan amount is $XXX and cost new per appraisal is $XXX. Gross replacement cost estimate not provided

7.10.18 - Lender provided letter from HOI indicating coverage is sufficient per XXX law.

7.10.18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 778; minimum per guidelines 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: required reserves 12 months subject PITIA $4918.89*12 = $59026.68; 6 months primary PITIA $7285.74*6 = $43714.44; 6 months rental PITIA 2882.38*6 = $17294.28' total required for reserves $120035.40; additional subject property reserves = 23 months CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 34.80%; max per guidelines 43% CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer for more than 12 years. CFCFS2854: Significant time in profession - Clayton Comments: Co borrower has been in current profession for 17 years.

24

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Active

C

B

C

B

CMPTRID4147

TRID - Closing Disclosure; Optional designation missing from optional insurance product

No

Optional designated is required due to fee is being paid by borrower.

(No Data)

(No Data)

Non-Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 28.44%, max allowed per G/L is 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 39.33 months in verified post clsg reserves, 6 months required CFCFS1739: Postive mortgage payment history - Clayton Comments: 0X30 days past 59 mos. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 781, minimum required is 720

24

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing lender's QM status determination

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 28.44%, max allowed per G/L is 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 39.33 months in verified post clsg reserves, 6 months required CFCFS1739: Postive mortgage payment history - Clayton Comments: 0X30 days past 59 mos. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 781, minimum required is 720

24

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting appraised value of $XXX

7.5.18 - Desk review received with a variance of -XXX%.

7.5.18 - Exception satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 28.44%, max allowed per G/L is 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 39.33 months in verified post clsg reserves, 6 months required CFCFS1739: Postive mortgage payment history - Clayton Comments: 0X30 days past 59 mos. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 781, minimum required is 720

25

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

B

A

A

A

D

A

D

A

B

A

A

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

Missing verbal verification of employment, dated prior to Note date for B1's XXX employment with XXX.

8/23/18 - Lender removed XXX income, as they did not perform VVOE.

8/23/1 8- Exception satisfied.

(No Data)

Not Applicable

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: No mortgage lates in last 24 months CFCFS2854: Significant time in profession - Clayton Comments: Borrower in same profession as a XXX 9 years

25

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

B

A

A

A

D

A

D

A

B

A

A

A

D

A

Compliance

Documentation

Satisfied

D

A

D

A

CMPDOC796

Missing Title

No

Missing prelim/final title policy

7/18/18 - Lender response: See attached Title Commitment and Final Title Policies

7/20/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: No mortgage lates in last 24 months CFCFS2854: Significant time in profession - Clayton Comments: Borrower in same profession as a XXX 9 years

25

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

B

A

A

A

D

A

D

A

B

A

A

A

D

A

Credit

Income/Employment

Satisfied

B

A

B

A

CRDINC2488

Verbal verification of employment missing

No

Missing verbal verification of employment, dated within XXX business days of the Note date for B1's XXX employment with XXX.

8/23/18 - Lender removed XXX income, as they did not perform VVOE.

8/23/1 8- Exception satisfied.

(No Data)

Not Applicable

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: No mortgage lates in last 24 months CFCFS2854: Significant time in profession - Clayton Comments: Borrower in same profession as a XXX 9 years

128

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

List of providers not within timeframe; initial applicant date XXX

8.3.18 Lender provided disclosure tracking showing actual app date is XXX

8.5.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lender minimum FICO 720 borrowers qualifying FICO 750 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 21.58 months excess cash reserves. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower with current employer 6 years 2 months.

128

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3552

TRID - Loan Estimate not timely

No

Loan estimate provided XXX; initial application date of XXX

8.3.18 Lender provided disclosure tracking showing actual app date is XXX

8.5.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lender minimum FICO 720 borrowers qualifying FICO 750 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 21.58 months excess cash reserves. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower with current employer 6 years 2 months.

129

XXXXXX

UT

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2854: Significant time in profession - Clayton Comments: 15 years CFCFS1739: Postive mortgage payment history - Clayton Comments: 30 mos. reviewed. 0 X30 days. Paid as agreed CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified 41.55 mos excessive reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 785. Min 720.

130

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments: Borrower's LTV of 37.30% is 42.70% less than required 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower's mid FICO score of 787 is 67 points higher than required 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrower's DTI of 12.02% is 30.98% less than required 43%.

131

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

C

A

D

A

D

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

File is missing evidence that the initial CD was acknowledged at least XXX business days prior to consummation.

8.9.18 Lender provided Disclosure tracking CD XXX acknowledged XXX

8.9.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $2,126,470.32 in reserves. 784.51 months PITI reserves. Guidelines require 6 months for subject $2710.57 x 6 =$16,263.42 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX in his current job for 15 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Loan score of 764 exceeds minimum required score of 720 by 46 points.

131

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

C

A

D

A

D

A

A

A

C

A

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC3204

Income Documentation Missing

No

Missing Tax Transcripts for B1 and B2 for XXX and XXX. File has Lender Exception Request Form approving the tax transcripts for B1 and B2 to be obtained Post Closing.

8/9/818 - Lender provided tax transcripts.

8/13/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $2,126,470.32 in reserves. 784.51 months PITI reserves. Guidelines require 6 months for subject $2710.57 x 6 =$16,263.42 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX in his current job for 15 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Loan score of 764 exceeds minimum required score of 720 by 46 points.

236

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments: Guidelines allow for a debt ratio of 43%; subject has a debt ratio of 31% or 12% below max allowed CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 34.28 months PITI verified, 6 months required.

419

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/14/2018 Desk Review provided supports value with a XXX% variance.

9/14/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 769, which is 49 points higher than the guideline requirement of 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been with current employer since 2014, 4 years. CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: B1 earns commission income of $8,623.66 per month that is not being used to qualify.

2

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

State Late Charges

Satisfied

B

A

B

A

CMPSLC1127

Late Charge percentage exceeds regulatory limits

No

exceeds state limits

4.13.18 lender response; XXX see body of Mtg for State or default to XXX. XXX applied to testing at Clayton, exception satisfied

4.13.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: The Borrower has been on their job for 9 years and 3 months. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: The Co-Borrower has been on their job for 9 years and 3 months. CFCFS2854: Significant time in profession - Clayton Comments: Both Borrowers have been in their professions for 9 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The qualifying score of 774 exceeds the minimum requirement. CFCFS1744: DTI below guideline requirement - Clayton Comments: The DTI of 29.49% is below the maximum allowed.

2

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3604

TRID - Error discovered on Closing Disclosure

No

CD XXX, CD XXX, & CD XXX Closing Disclosure; Missing Address for Sell XXX

4.12.18 Lender response; Corrections to the Closing Disclosures dated XXX and XXX cannot be made once a final Closing Disclosure has been issued. Per the Seller’s Closing Disclosure both XXX . XXX had the same address of XXX. This address is reflected on page XXX of the borrowers Closing Disclosure dated XXX

4.13.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: The Borrower has been on their job for 9 years and 3 months. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: The Co-Borrower has been on their job for 9 years and 3 months. CFCFS2854: Significant time in profession - Clayton Comments: Both Borrowers have been in their professions for 9 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The qualifying score of 774 exceeds the minimum requirement. CFCFS1744: DTI below guideline requirement - Clayton Comments: The DTI of 29.49% is below the maximum allowed.

2

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

5/30/2018 Desk Review provided supports value with a XXX% variance.

5/30/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: The Borrower has been on their job for 9 years and 3 months. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: The Co-Borrower has been on their job for 9 years and 3 months. CFCFS2854: Significant time in profession - Clayton Comments: Both Borrowers have been in their professions for 9 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The qualifying score of 774 exceeds the minimum requirement. CFCFS1744: DTI below guideline requirement - Clayton Comments: The DTI of 29.49% is below the maximum allowed.

26

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Assets

Satisfied

D

A

D

A

CRDAST2670

Asset documentation is insufficient per guideline requirements

No

Borrower needs XXX consecutive months assets.XXX accounts have statement for XXX, need XXX Statement. There are some older statements in file from XXX that cannot be used to verify funds to close due to age.

7/17/18 - Lender response - Provided XXX statement.

7/20/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments: borrowers have good credit history, low usage of revolving credit, 0x30 lates on all trades, scores in excess of required minimums

132

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8/2/18: Desk review received with value of $XXX in tolerance of appraisal.

8/2/18: Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $119,090.22 after closing or 38.51 months PITIA CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 793 exceeds guidelines score of 720 by 73 points. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 67.41% below guideline of 80%

364

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/05/2018 Desk Review provided supports value with a -XXX% variance.

9/05/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score of 732 exceeds required score of 720 by 12 points. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have an existing XXX loan for another property with 56 months reporting payments made as agreed.

237

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 19.36 months PITI reserves verified

207

XXXXXX

NJ

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

1. Missing XXX Tax Returns for XXX and XXX for XXX. 2. Missing XXX explanation that Mortgage, Notes, Bonds Payable < XXX year is renewed annual for XXX.

8/21/18 - Lender provided XXX and XXX 1120S for XXX and E-mail from XXX the mortgage payable has been and is anticipated to be renewed each year from XXX.

8/21/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 56.34%, max allowed per G/L is 80% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $250,417.24 in reserves; 77.11 months PITI. Guidelines require 6 months for subject ($5213 x 6 =$38,878)

207

XXXXXX

NJ

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2700

RESPA - List of homeowners counseling organizations not provided w/in 3 days of application

No

The homeownership counseling list was issued XXX which is not within XXX business days of initial application date of XXX.

8.17.18 Lender provided disclosure tracking showing property TBD until XXX

8.20.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 56.34%, max allowed per G/L is 80% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $250,417.24 in reserves; 77.11 months PITI. Guidelines require 6 months for subject ($5213 x 6 =$38,878)

207

XXXXXX

NJ

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

The written list of service providers was issued XXX which is not within XXX business days of initial application date of XXX.

8.17.18 Lender provided disclosure tracking showing property TBD until XXX

8.20.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 56.34%, max allowed per G/L is 80% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $250,417.24 in reserves; 77.11 months PITI. Guidelines require 6 months for subject ($5213 x 6 =$38,878)

207

XXXXXX

NJ

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3552

TRID - Loan Estimate not timely

No

The initial LE was issued XXX which is not within XXX business days of initial application date of XXX.

8.17.18 Lender provided disclosure tracking showing property TBD until XXX

8.20.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 56.34%, max allowed per G/L is 80% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $250,417.24 in reserves; 77.11 months PITI. Guidelines require 6 months for subject ($5213 x 6 =$38,878)

207

XXXXXX

NJ

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Income/Employment

Satisfied

C

A

C

A

CRDINC150

Income docs do not meet guidelines

No

Missing XXX explanation that Mortgage, Notes, Bonds Payable <XXX year is renewed annual for XXX.

8/21/18 - Lender provided e-mail from XXX the mortgage payable has been and is anticipated to be renewed each year from XXX.

8/21/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 56.34%, max allowed per G/L is 80% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $250,417.24 in reserves; 77.11 months PITI. Guidelines require 6 months for subject ($5213 x 6 =$38,878)

207

XXXXXX

NJ

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC3204

Income Documentation Missing

No

Missing XXX Tax Returns for XXX and XXX for XXX.

8/21/18 - Lender provided XXX and XXX 1120S for XXX.

8/21/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 56.34%, max allowed per G/L is 80% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $250,417.24 in reserves; 77.11 months PITI. Guidelines require 6 months for subject ($5213 x 6 =$38,878)

133

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID3554

TRID - LE delivered only via e-mail but there is no prior e-sign consent in file; by regulation, LE must be treated as not delivered

No

LE's dated XXX & XXX were sent via email- File is missing econsent- cannot confirm LE's were received by borrower

8.8.18 Lender response; Please see below. The LE was sent via XXX on XXX, received on XXX. The revised LE was sent XXX, received XXX

8.9.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 793 exceeds guidelines of 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $124,860.46, Required reserves $33,567.48 (Subject $3940.58 x6=$23,643.48 + OREOs 2781 x 2 = $5562.00 + 2183 x 2 = $4362.00). CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have 8 years and 6 months at current residence.

133

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID3600

TRID - CD delivered only via e-mail but there is no prior e-sign consent in file; by regulation, CD must be treated as not delivered

No

CD dated XXX was sent via email- File is missing the econsent- Cannot confirm CD was received by borrower

8/8/18 Lender response; CDXXX was delivered XXX on XXX borrower confirmed receipt on XXX

8.9.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 793 exceeds guidelines of 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $124,860.46, Required reserves $33,567.48 (Subject $3940.58 x6=$23,643.48 + OREOs 2781 x 2 = $5562.00 + 2183 x 2 = $4362.00). CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have 8 years and 6 months at current residence.

329

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8/29/18 - Valuation $XXX XXX% variance.

8/31/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower employed at current job 13 years 4 months CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $112,116.64 reserves after closing. 36.82 months PITIA.

365

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

A

A

D

A

D

A

D

A

A

A

Credit

Assets

Satisfied

D

A

D

A

CRDAST2354

Asset Verification In File is Incomplete Per Requirements

No

XXX is from XXX. Loan closed XXX. Need online printout confirming balance or letter from XXX.

9/4/18 - Lender response - See comment on XXX. 9/5/18 - Clayton - Document is stale. Exception remains. 9/13/18 - After further review removed stale account. Borrower have enough cash to close and reserves without it.

9/5/18 - Exception remains. 9/13/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $113,881.67. 31.00 months PITIA. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 at current job 11 years 6 months CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 26.61%. Min 43%

365

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

A

A

D

A

D

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/3/18 - Received Valuation $XXX. XXX% variance.

9/5/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $113,881.67. 31.00 months PITIA. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 at current job 11 years 6 months CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 26.61%. Min 43%

330

XXXXXX

CT

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Compliance

Right of Rescission

Satisfied

B

B

B

B

CMPROR1909

Incorrect ROR Form Used - H8 Form Used in Refinance With Original Creditor

No

H9 form is required

9.4.18 Lender provided H9 form

9.5.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 68.36%. Max LTV for this program is 75.00% CFCFS2854: Significant time in profession - Clayton Comments: Borrower in his profession for 29 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 35.20%. Max DTI for this program is 43.00%

330

XXXXXX

CT

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

A desk review was received with a reported value of $XXX which is a variance of XXX% less than the original appraised value of $XXX. A field review is recommended to support the original appraised value.

9/06/2018 Field review received supporting original appraisal value within tolerance.

9/06/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 68.36%. Max LTV for this program is 75.00% CFCFS2854: Significant time in profession - Clayton Comments: Borrower in his profession for 29 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 35.20%. Max DTI for this program is 43.00%

390

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

B

B

B

A

A

A

B

B

B

B

B

A

A

A

B

B

Compliance

State Late Charges

Satisfied

B

B

B

B

CMPSLC1127

Late Charge percentage exceeds regulatory limits

No

Late Charge %: XXX-State Limit XXX.

9.11.18 Lender response; Please be advised that XXX is a XXX and the loan late charge of XXX% applied to the loan is in compliance with federal laws

9.12.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 790. Min 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 13.50% Max 43%.

390

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

B

B

B

A

A

A

B

B

B

B

B

A

A

A

B

B

Credit

Income/Employment

Satisfied

B

A

B

A

CRDINC2496

Verbal verification of employment completed outside the stated requirements and/or after closing/funding

No

Missing Verbal verification of employment completed within XXX days of closing XXX.

8/11/18 - Lender provided VVOE XXX.

8/12/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 790. Min 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 13.50% Max 43%.

331

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

State Late Charges

Satisfied

B

B

B

B

CMPSLC1127

Late Charge percentage exceeds regulatory limits

No

Per state of XXX late fee is XXX% and late fee on note reflects XXX% and is over the state limit.

8.30.18 Lender response; Please be advised that XXX is a XXX and the loan late charge of XXX% applied to the loan is in compliance with federal laws.

8.31.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 791; minimum per guidelines 720 CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in current profession for 13 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Final CD required funds to close of $150,769.97. Statements in file supported assets of $204,931.69 with reserves of $54,161.72. 6 months reserves required with a loan amount <$1MM< 80% LTV ($4138.87 x 6 =$24,833.22).

331

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8/27/2018 Desk Review provided supports value with a XXX% variance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 791; minimum per guidelines 720 CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in current profession for 13 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Final CD required funds to close of $150,769.97. Statements in file supported assets of $204,931.69 with reserves of $54,161.72. 6 months reserves required with a loan amount <$1MM< 80% LTV ($4138.87 x 6 =$24,833.22).

391

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

C

A

D

A

D

A

D

A

C

A

D

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

Missing satisfactory evidence from lender of actual P&I payment for XXX with XXX.

09/10/2018 (XXX) - Lender response - as this was an existing XXX the Underwriter is empowered to calculate a payment based on the documentation provided. In this case the statement did disclose the Annual percentage rate of XXX% which was used with the total line amount of $XXX to arrive at a realistic monthly payment $XXX.

9/10/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have resided at the existing primary residence over 16 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 800. Minimum credit score required 720 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower employed with current employer 11 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total $34,942.36 reserves required. Verified $357,819.39 or 112.09 months reserves.

391

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

C

A

D

A

D

A

D

A

C

A

D

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

The file is missing evidence that the initial CD was acknowledged at least XXX days prior to consummation.

9.10.18 Lender provided ; disclosure tracking showing CD XXX was acknowledged by borrowers on XXX

9.11.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have resided at the existing primary residence over 16 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 800. Minimum credit score required 720 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower employed with current employer 11 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total $34,942.36 reserves required. Verified $357,819.39 or 112.09 months reserves.

391

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

C

A

D

A

D

A

D

A

C

A

D

A

D

A

Credit

Credit/Mtg History

Satisfied

C

A

C

A

CRDCRMH1805

Debts/obligations not disclosed/accounted for at origination

No

Missing satisfactory evidence from lender of actual P&I payment for HELOC with XXX Bank N.A. #XXX Documentation in file is an estimated payment calculator. If used 2% of full HELOC line of $XXX a payment of $XXX which will cause a DTI of 52.07%. If use co-borrower's additional income will cause a DTI of 48.28%. The lender used XXX P&I to qualify. Supporting documentation acceptable to verify the monthly payment may include a VOM, Mortgage Statement or Loan Agreement (note) with loan terms.

09/10/2018 (BF) - Lender response - as this was an existing HELOC the Underwriter is empowered to calculate a payment based on the documentation provided. In this case the statement did disclose the Annual percentage rate of XXX% which was used with the total line amount of $XXX to arrive at a realistic monthly payment $XXX.

9/10/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have resided at the existing primary residence over 16 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 800. Minimum credit score required 720 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower employed with current employer 11 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total $34,942.36 reserves required. Verified $357,819.39 or 112.09 months reserves.

391

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

C

A

D

A

D

A

D

A

C

A

D

A

D

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

9/9/18 - Received Valuation $XXX. XXX% variance.

9/10/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have resided at the existing primary residence over 16 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 800. Minimum credit score required 720 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower employed with current employer 11 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total $34,942.36 reserves required. Verified $357,819.39 or 112.09 months reserves.

428

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

State Late Charges

Satisfied

B

B

B

B

CMPSLC1127

Late Charge percentage exceeds regulatory limits

No

The late charge of XXX% reflected on Note exceeded XXX%s regulatory limit.

9.14.18 Lender response; Please be advised that XXX is a XXX and the loan late charge of XXX% applied to the loan is in compliance with federal laws

9.17.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrowers qualifying credit score of 759 exceeds minimum required score of 720. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: The borrowers have 0 x 30 mortgage history for 48 months (24 months required). CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $144,659.13, Required reserves $5002.58x 6=$30,015.48

428

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation to support appraised value $XXX.

9/20/2018 Desk Review provided supports value with a XXX% variance.

9/20/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrowers qualifying credit score of 759 exceeds minimum required score of 720. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: The borrowers have 0 x 30 mortgage history for 48 months (24 months required). CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $144,659.13, Required reserves $5002.58x 6=$30,015.48

134

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

Finance Charge Tolerance

Satisfied

C

B

C

B

CMPFINT106

Finance charge understated by more than $100 (Pmt Stream)

No

The Finance charge understated by $-XXX.

8.8.18 Lender provided payment stream worksheet. Clayton response; Please provide Itemization of fees worksheet. Exception REMAINS 8.10.18 lender response; The CD dated XXX is the final CD. The CD in file that is dated XXX was not generated by XXX but, by the closing agent. We did not provide the XXX CD to the borrower as evidenced by the CD Timeline below. Also, the bottom of our CD’s (reflected below) show the form GTRIDCDWS_S 0617. The closing agent’s CD, which we did not authorize or use to reconcile the loan, reads just as CLOSING DISCLOSURE which further confirms that it was not completed by XXX. The CD prepared by XXX and that is dated XXX reflects the correct information.

8.9.18 Exception Remains 8.10.18 Upon further Senior review Exception satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: 30 years CFCFS1744: DTI below guideline requirement - Clayton Comments: 19.42% Max 43% CFCFS1736: Significant time at current residence - Clayton Comments: 28 years primary residence

134

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2698

RESPA - List of homeowners counseling organizations not in file

No

List of homeowners counseling organizations not in file.

8.8.18 Lender provided HOC dated XXX

8.9.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: 30 years CFCFS1744: DTI below guideline requirement - Clayton Comments: 19.42% Max 43% CFCFS1736: Significant time at current residence - Clayton Comments: 28 years primary residence

134

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID4319

TRID - CD: The Total Interest Percentage on the Loan Calculation section of the Final Closing Disclosure is less than the Clayton Calculated Total Interest Percentage

No

CD: XXX [Last CD], Section: Loan Calculation, Field: TIP, CD Value: XXX

8.8.18 Lender provided payment stream worksheet. Clayton response; Please provide Itemization of fees worksheet. Exception REMAINS 8.10.18 Lender response; The CD dated XXX is the final CD. The CD in file that is dated XXX was not generated by XXX but, by the closing agent. We did not provide the XXX CD to the borrower as evidenced by the CD Timeline below. Also, the bottom of our CD’s (reflected below) show the form GTRIDCDWS_XXX. The closing agent’s CD, which we did not authorize or use to reconcile the loan, reads just as CLOSING DISCLOSURE which further confirms that it was not completed by XXX. The CD prepared by XXX and that is dated XXX reflects the correct information.

8.9.18 Exception remains 8.10.18 Exception satisfied

Numeric

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: 30 years CFCFS1744: DTI below guideline requirement - Clayton Comments: 19.42% Max 43% CFCFS1736: Significant time at current residence - Clayton Comments: 28 years primary residence

134

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4257

TRID - CD: The Seller Credits value in the LE column of the CD Calculating Cash to Close Table (Standard Version) is disclosed as a positive number

No

The Seller Credits value in the LE column of the CD Calculating Cash to Close Table (Standard Version) is disclosed as a positive number.

8.8.18 Lender response; The seller credits is the same on the LE and the final CD. See attached. Clayton Response; Lender provided CD dated XXX , Final CD XXX seller credit is displayed as positive number. Exception Remains 8.10.18 lender response; The CD dated XXX is the final CD. The CD in file that is dated XXX was not generated by XXX but, by the closing agent. We did not provide the XXX CD to the borrower as evidenced by the CD Timeline below. Also, the bottom of our CD’s (reflected below) show the form GTRIDCDWS_XXX. The closing agent’s CD, which we did not authorize or use to reconcile the loan, reads just as CLOSING DISCLOSURE which further confirms that it was not completed by XXX. The CD prepared by XXX and that is dated XXX reflects the correct information.

8.9.18 Exception Remains 8.12.18 Upon further senior review Exception Satisfied

Numeric

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: 30 years CFCFS1744: DTI below guideline requirement - Clayton Comments: 19.42% Max 43% CFCFS1736: Significant time at current residence - Clayton Comments: 28 years primary residence

134

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID4056

TRID - CD: The Total Payment Amount on the Loan Calculation section of the Final Closing Disclosure is less than the Clayton Calculated Total Payment Amount

No

The Total Payment Amount on the Loan Calculation section of the Final Closing Disclosure is less than the Clayton Calculated Total Payment Amount by $-XXX.

8.8.18 Lender provided payment stream worksheet. Clayton response; Please provide Itemization of fees worksheet. Exception REMAINS 8.10.18 Lender response; The CD dated XXX is the final CD. The CD in file that is dated XXX was not generated by XXX but, by the closing agent. We did not provide the XXX CD to the borrower as evidenced by the CD Timeline below. Also, the bottom of our CD’s (reflected below) show the form GTRIDCDWS_XXX. The closing agent’s CD, which we did not authorize or use to reconcile the loan, reads just as CLOSING DISCLOSURE which further confirms that it was not completed by XXX. The CD prepared by XXX and that is dated XXX reflects the correct information.

8.9.18 Exception Remains 8.10.18 Upon further senior review Exception Satisfied

Numeric

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: 30 years CFCFS1744: DTI below guideline requirement - Clayton Comments: 19.42% Max 43% CFCFS1736: Significant time at current residence - Clayton Comments: 28 years primary residence

134

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID4350

TRID - CD: At least one statement or section of the form that is required by the Regulation is not contained on the form

No

CD: XXX [Last CD], Section: Other Disclosures, Field: Appraisal field is not present.

8.8.18 Lender provided CD XXX. Clayton response; CD XXX is final CD and were exception is referred to. Exception remains 8.10.18 Lender response; The CD dated XXX is the final CD. The CD in file that is dated XXX was not generated by XXX but, by the closing agent. We did not provide the XXX CD to the borrower as evidenced by the CD Timeline below. Also, the bottom of our CD’s (reflected below) show the form GTRIDCDWS_XXX The closing agent’s CD, which we did not authorize or use to reconcile the loan, reads just as CLOSING DISCLOSURE which further confirms that it was not completed by XXX. The CD prepared by XXX and that is dated XXX reflects the correct information.

8.9.18 Exception remains 8.12.18 Exception satisfied

Hybrid

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: 30 years CFCFS1744: DTI below guideline requirement - Clayton Comments: 19.42% Max 43% CFCFS1736: Significant time at current residence - Clayton Comments: 28 years primary residence

27

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

File is missing evidence that the initial CD was acknowledged at least XXX days prior to consummation.

7.17.18 lender provided disclosure tracking that shows CD XXX was acknowledged by borrower on XXX

7.18.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: Loan has a dti of 31.82% which is 11.18 points below the guideline max requirement of 43.0%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified post-closing reserves of $196,376.93, which is $156,350.47 more than the guideline six month requirement of $40,026.46. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 777, which is 57 points higher than the guideline requirement of 720.

135

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same profession for 10 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 26.29%; guideline maximum is 43%

28

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

D

B

C

A

A

A

D

B

D

B

C

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

No

Exception fired due to missing LE or LE'S. Tolerance testing unable to be preformed, please provide missing LE or LE'S.

7.10.18 Lender provided Missing LE

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 806 exceeds guidelines of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0 x 30 mortgage history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $75,769.27, Required reserves subject $3797.59 x6 =$22,785.54m 1556 Hollarmen St $940 x 6=$5640, 5 Horizon Rd $1843 x 6 =$11,058, Total required reserves $39,483.54

28

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

D

B

C

A

A

A

D

B

D

B

C

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3676

TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation.

No

Exception fired due to missing LE or LE'S. Tolerance testing unable to be preformed, please provide missing LE or LE'S.

7.10.18 Lender provided Missing LE

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 806 exceeds guidelines of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0 x 30 mortgage history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $75,769.27, Required reserves subject $3797.59 x6 =$22,785.54m 1556 Hollarmen St $940 x 6=$5640, 5 Horizon Rd $1843 x 6 =$11,058, Total required reserves $39,483.54

28

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

D

B

C

A

A

A

D

B

D

B

C

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID3494

TRID - Loan Estimate Missing

No

Loan estimate or estimates missing from file.

7.10.18 Lender provided Missing LE

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 806 exceeds guidelines of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0 x 30 mortgage history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $75,769.27, Required reserves subject $3797.59 x6 =$22,785.54m 1556 Hollarmen St $940 x 6=$5640, 5 Horizon Rd $1843 x 6 =$11,058, Total required reserves $39,483.54

28

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

D

B

C

A

A

A

D

B

D

B

C

A

A

A

D

B

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 806 exceeds guidelines of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0 x 30 mortgage history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $75,769.27, Required reserves subject $3797.59 x6 =$22,785.54m 1556 Hollarmen St $940 x 6=$5640, 5 Horizon Rd $1843 x 6 =$11,058, Total required reserves $39,483.54

28

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

D

B

C

A

A

A

D

B

D

B

C

A

A

A

D

B

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation to support appraised value of $XXX

7.9.18 - Desk review provided showing XXX% variance

7.9.18 - Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 806 exceeds guidelines of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0 x 30 mortgage history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $75,769.27, Required reserves subject $3797.59 x6 =$22,785.54m 1556 Hollarmen St $940 x 6=$5640, 5 Horizon Rd $1843 x 6 =$11,058, Total required reserves $39,483.54

136

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2698

RESPA - List of homeowners counseling organizations not in file

No

Please provide List of homeowners counseling organizations not in file delivered to the borrower within XXX days of the initial application date.

8.3.18 Lender provided missing HOC

8.5.18 Exception satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: B1 have13 years in his profession. CFCFS1739: Postive mortgage payment history - Clayton Comments: 22 mos. history paid as agreed. 0X30 days CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The lender minimum credit score requirement is 720. The borrowers qualifying credit score is 795.

136

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD: XXX, Other Costs, Homeowner's Insurance Premium payable name listed as TBD. Corrected on subsequent CD dated XXX. Satisfied.

(No Data)

8/1/2018: Exception satisfied.

Hybrid

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: B1 have13 years in his profession. CFCFS1739: Postive mortgage payment history - Clayton Comments: 22 mos. history paid as agreed. 0X30 days CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The lender minimum credit score requirement is 720. The borrowers qualifying credit score is 795.

29

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2700

RESPA - List of homeowners counseling organizations not provided w/in 3 days of application

No

initial application date is XXX and the housing counseling docs are dated XXX. Please provide housing counseling docs with XXX date.

7.10.18 lender provided HOC dated XXX

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 800, minimum required is 720 CFCFS2854: Significant time in profession - Clayton Comments: B1 10 years in same profession CFCFS2860: Good credit history - Clayton Comments: all accts. B1 and B2 are paid as agreed. 0X30 days

29

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID3772

TRID - Error #10 discovered on Loan Estimate

No

LE XXX missing Creditor name on LE. Corrected on LE XXX. Exception Satisfied

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 800, minimum required is 720 CFCFS2854: Significant time in profession - Clayton Comments: B1 10 years in same profession CFCFS2860: Good credit history - Clayton Comments: all accts. B1 and B2 are paid as agreed. 0X30 days

29

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Provide confirmation of initial CD XXX was received or acknowledge XXX days prior to consummation

7.10.18 Lender provided disclosure tracking showing borrower acknowledged CD XXX ON XXX

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 800, minimum required is 720 CFCFS2854: Significant time in profession - Clayton Comments: B1 10 years in same profession CFCFS2860: Good credit history - Clayton Comments: all accts. B1 and B2 are paid as agreed. 0X30 days

29

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Lender did not provide an ATR/QM status determination.

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 800, minimum required is 720 CFCFS2854: Significant time in profession - Clayton Comments: B1 10 years in same profession CFCFS2860: Good credit history - Clayton Comments: all accts. B1 and B2 are paid as agreed. 0X30 days

29

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

7.9.18 - Desk review provided showing XXX% variance.

7.9.18 - Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 800, minimum required is 720 CFCFS2854: Significant time in profession - Clayton Comments: B1 10 years in same profession CFCFS2860: Good credit history - Clayton Comments: all accts. B1 and B2 are paid as agreed. 0X30 days

266

XXXXXX

NJ

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1739: Postive mortgage payment history - Clayton Comments: Borrower was a previous home owner and has excellent housing history

137

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

A

A

D

B

D

B

A

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

No

Missing LE to confirm is borrower is owed a refund

8.8.18 Lender provided Initial LE DATED XXX

8.9.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Cash reserves of $39,535.71 / 11.15 months PITI. CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI is 21.15%, below guideline requirement of 40%.

137

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

A

A

D

B

D

B

A

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3676

TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation.

No

Missing LE to confirm is borrower is owed a refund

8.8.18 Lender provided Initial LE DATED XXX

8.9.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Cash reserves of $39,535.71 / 11.15 months PITI. CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI is 21.15%, below guideline requirement of 40%.

137

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

A

A

D

B

D

B

A

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID3494

TRID - Loan Estimate Missing

No

Loan Estimate Missing

8.8.18 Lender provided Initial LE DATED XXX

8.9.18 EXCEPTION SATISFIED

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Cash reserves of $39,535.71 / 11.15 months PITI. CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI is 21.15%, below guideline requirement of 40%.

443

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/17/2018 Desk Review provided supports value with a XXX% variance.

9/17/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrower's credit score is 793, 73 points above the required 720 score. CFCFS1744: DTI below guideline requirement - Clayton Comments: The borrower's DTI is 31.10; up to 43% is allowed CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower is required to have 6 months PITI for all financed REO: 6 x (3,479.11 + $1,958.47) = $32,625.48 The borrower has $75,673.13 in post closing assets.

208

XXXXXX

MA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2698

RESPA - List of homeowners counseling organizations not in file

No

List of homeowners counseling organizations not in file

8.3.18 Lender provided missing HOC

8.5.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: The borrower have 25 years in the same profession. CFCFS2860: Good credit history - Clayton Comments: All accounts are paid as agreed for the past 12 months. CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: no occurrences past 24 mos. CFCFS1744: DTI below guideline requirement - Clayton Comments: The borrower debt to income ratio is 25.18%.

208

XXXXXX

MA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

Application date is XXX, SPL is dated XXX.

8.3.18 lender provided SPL dated XXX

8.5.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: The borrower have 25 years in the same profession. CFCFS2860: Good credit history - Clayton Comments: All accounts are paid as agreed for the past 12 months. CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: no occurrences past 24 mos. CFCFS1744: DTI below guideline requirement - Clayton Comments: The borrower debt to income ratio is 25.18%.

209

XXXXXX

MA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Missing acknowledgment of receipt of CD XXX days prior to consummation

8.16.18 Lender response; Lender provided disclosure tracking shows CD XXX acknowledged on XXX

8.16.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has been XXX for6 years. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower 1 has been employed for 6 years and Co-borrower 2 has been employed for 27 years

138

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3676

TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation.

No

$XXX percent tolerance due to increase in recording fees from $XXX to $XXX of which $XXX are seller paid and subject to tolerance. Requires CoC, or corrected PCCD, copy of refund, LOX and verification of shipping.

8.20.18 Lender provided PC CD dated XXX, LOX and copy of refund check to borrower for $XXX, also verification all were sent.

8.21.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender Maximum DTI 43% Borrowers DTI 38% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lender Minimum Credit Score 720 Borrowers Credit Score 814 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 75.56 verified cash reserves exceed guideline requirements of 6 months on the subject and 2 months on the REO

139

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

B

B

B

A

A

A

B

B

B

B

B

A

A

A

B

B

Compliance

State Late Charges

Satisfied

B

B

B

B

CMPSLC1127

Late Charge percentage exceeds regulatory limits

No

The note disclosed the late fee as XXX% which exceeds regulatory limits of XXX%.

8.8.18 Lender response; Please be advised that XXX is a XXX and the loan late charge of XXX% applied to the loan is in compliance with federal laws.

8.9.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 770 exceeds guidelines of 720 by 50 points. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $1,242,242.36 /310.94 months PITI exceeds required reserves of $3,995.13 x 6=$23,970.78 CFCFS2854: Significant time in profession - Clayton Comments: B2 has 13 years in current profession.

139

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

B

B

B

A

A

A

B

B

B

B

B

A

A

A

B

B

Credit

Credit/Mtg History

Satisfied

B

A

B

A

CRDCRMH193

Length of mortgage/rental history in file does not meet guideline requirement

No

Missing VOR from XXX through XXX. (VOR in file represents dates verified as XXX) Note dated XXX.

8/8/18 - Lender provided VOR XXX.

8/9/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 770 exceeds guidelines of 720 by 50 points. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $1,242,242.36 /310.94 months PITI exceeds required reserves of $3,995.13 x 6=$23,970.78 CFCFS2854: Significant time in profession - Clayton Comments: B2 has 13 years in current profession.

140

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

C

A

D

B

D

B

D

A

C

B

D

B

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

Missing Note for XXX Lien with terms and payment amount and copy of settlement statement (XXX).

8/8/18 - Lender provided copy of XXX Agreement.

8/9/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: Lender LTV/CLTV 80/80 and LTV/CLTV of loan 49.65/63.83% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $223,350.14 (36.71 Months PITIA); Required Reserves $43,983.36. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lender minimum FICO 720 borrowers FICO 800

140

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

C

A

D

B

D

B

D

A

C

B

D

B

Compliance

State Late Charges

Satisfied

B

B

B

B

CMPSLC1127

Late Charge percentage exceeds regulatory limits

No

Late charge of XXX% exceeds state limit of XXX%.

8.8.18 Lender response; Please be advised that XXX is a XXX and the loan late charge of XXX% applied to the loan is in compliance with federal laws.

8.9.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: Lender LTV/CLTV 80/80 and LTV/CLTV of loan 49.65/63.83% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $223,350.14 (36.71 Months PITIA); Required Reserves $43,983.36. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lender minimum FICO 720 borrowers FICO 800

140

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

C

A

D

B

D

B

D

A

C

B

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4354

TRID - CD: At least one statement or section of the form that is required by the Regulation is not contained on the form

No

CD: XXX [Last CD], Summaries of Transactions: XXX Fee missing dates

8.27.18 Lender provided PC CD dated XXX that includes XXX dates from and to

8.28.18 Exception Satisfied

Hybrid

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: Lender LTV/CLTV 80/80 and LTV/CLTV of loan 49.65/63.83% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $223,350.14 (36.71 Months PITIA); Required Reserves $43,983.36. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lender minimum FICO 720 borrowers FICO 800

140

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

C

A

D

B

D

B

D

A

C

B

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID3554

TRID - LE delivered only via e-mail but there is no prior e-sign consent in file; by regulation, LE must be treated as not delivered

No

Need evidence the borrower signed an electronic consent prior to issuance of LE dated XXX

8.8.18 Lender provided Compliance report showing e consent established XXX

8.9.18 EXCEPTION SATISFIED

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: Lender LTV/CLTV 80/80 and LTV/CLTV of loan 49.65/63.83% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $223,350.14 (36.71 Months PITIA); Required Reserves $43,983.36. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lender minimum FICO 720 borrowers FICO 800

140

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

C

A

D

B

D

B

D

A

C

B

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID3600

TRID - CD delivered only via e-mail but there is no prior e-sign consent in file; by regulation, CD must be treated as not delivered

No

Need evidence the borrower signed an electronic consent prior to issuance of CD XXX

8.8.18 Lender provided Compliance report showing e consent established XXX

8.9.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: Lender LTV/CLTV 80/80 and LTV/CLTV of loan 49.65/63.83% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $223,350.14 (36.71 Months PITIA); Required Reserves $43,983.36. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lender minimum FICO 720 borrowers FICO 800

140

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

C

A

D

B

D

B

D

A

C

B

D

B

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL100

Legal document incorrect or incomplete

No

Provide verification of simultaneous closing with subject lien in XXX position.

8/8/18 - Lender provided Final Title. 8/9/18 - Clayton -Schedule B shows new XXX.

8/9/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: Lender LTV/CLTV 80/80 and LTV/CLTV of loan 49.65/63.83% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $223,350.14 (36.71 Months PITIA); Required Reserves $43,983.36. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lender minimum FICO 720 borrowers FICO 800

140

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

C

A

D

B

D

B

D

A

C

B

D

B

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL137

Missing copy of 2nd lien Note (subject is 1st lien)

No

Missing Note for XXX Lien with terms and payment amount and copy of settlement statement (XXX).

8/8/18 - Lender provided copy of XXX Agreement.

8/9/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: Lender LTV/CLTV 80/80 and LTV/CLTV of loan 49.65/63.83% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $223,350.14 (36.71 Months PITIA); Required Reserves $43,983.36. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lender minimum FICO 720 borrowers FICO 800

140

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

C

A

D

B

D

B

D

A

C

B

D

B

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

Desk review value of $XXX has a variance of -XXX% compared to appraised value of $XXX. Field Review recommended.

8/29/18 Field review received supporting original appraisal value within tolerance.

8/29/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: Lender LTV/CLTV 80/80 and LTV/CLTV of loan 49.65/63.83% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $223,350.14 (36.71 Months PITIA); Required Reserves $43,983.36. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lender minimum FICO 720 borrowers FICO 800

30

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD: XXX, Section: Other Costs, Field: Is the Other Cost section properly formatted Property Taxes Quarterly payment missing # of months. Corrected on subsequent CD dated XXX. Satisfied.

(No Data)

7/2/2018: Exception satisfied.

Hybrid

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 797; minimum per guidelines 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 30.31%; max per guidelines 43%

30

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3676

TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation.

No

$XXX percent tolerance due to increase in recording fee from $XXX to $XXX on final CD without a valid CoC. Requires corrected PCCD, copy of refund check, LOX and verification sent to borrower.

7.13.18 lender provided PC CD dated XXX with refund check for XXX and LOX and Verification sent to borrower

7.13.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 797; minimum per guidelines 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 30.31%; max per guidelines 43%

30

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing Lender's ATR/QM status determination

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 797; minimum per guidelines 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 30.31%; max per guidelines 43%

332

XXXXXX

NH

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender max DTI 43% Borrower DTI 34.39% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 27.31 months in verified post clsg reserves, 6 months required CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower time with current employer is 22 years

392

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Insurance

Satisfied

C

A

C

A

CRDINSR289

Insufficient Insurance Amount to Cover Loan Balance

No

Missing Estimated Replacement Cost form due to Hazard insurance policy not covering the loan amount.

9/7/18 - Attached please find a replacement cost estimator provided by the insurance company. 9/10/18 - Clayton - Only received an e-mail and screen shot of a section of the Replacement Cost Estimator. Provide all pages of Replacement Cost Estimator showing dollar of replacement cost. 9/11/18 - Lender provided Replacement Cost Estimator. $XXX with debris removal.

9/10/18 – Exception remains 9/12/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Both borrowers have worked in their professions for 10 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrower's credit score is 750, 30 points above the required 720 score CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower is required to have 6 months PITI reserves for all REO: 6 x ($4,008.98 + $ $1,858.35) = $35,203.98 The borrower has $186,560.99 in post closing assets

476

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

Missing documentation to support terms of subordinate financing. The Note nor CD for subordinate loan was not provided.

9/26/18 - Lender provided XXX Agreement. $XXX, XXX dated XXX and Settlement Statement.

9/26/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified post close assets of $67,988.39 (11.91 months reserves) exceeds required 6 months reserves for subject (5704.05*6=$34,224.30) and 2 months reserves for one additional property ($2,849.97*2=$5,699.94). CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer for5 yrs 5 months, and employed in the same profession for 12 years. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been employed in the current profession for 11 yrs.

476

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL137

Missing copy of 2nd lien Note (subject is 1st lien)

No

Missing the Note for subordinate financing.

9/26/18 - Lender provided XXX Agreement. $XXX, XXX dated XXX and Settlement Statement.

9/26/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified post close assets of $67,988.39 (11.91 months reserves) exceeds required 6 months reserves for subject (5704.05*6=$34,224.30) and 2 months reserves for one additional property ($2,849.97*2=$5,699.94). CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer for5 yrs 5 months, and employed in the same profession for 12 years. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been employed in the current profession for 11 yrs.

476

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL139

Missing copy of 2nd lien HUD-1 (subject is 1st lien)

No

Missing the CD for subordinate financing.

9/26/18 - Lender provided XXX Agreement. $XXX, XXX dated XXX and Settlement Statement.

9/26/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified post close assets of $67,988.39 (11.91 months reserves) exceeds required 6 months reserves for subject (5704.05*6=$34,224.30) and 2 months reserves for one additional property ($2,849.97*2=$5,699.94). CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer for5 yrs 5 months, and employed in the same profession for 12 years. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been employed in the current profession for 11 yrs.

476

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/27/2018 Desk Review provided supports value with a XXX% variance.

9/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified post close assets of $67,988.39 (11.91 months reserves) exceeds required 6 months reserves for subject (5704.05*6=$34,224.30) and 2 months reserves for one additional property ($2,849.97*2=$5,699.94). CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer for5 yrs 5 months, and employed in the same profession for 12 years. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been employed in the current profession for 11 yrs.

238

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Disclosure tracking not in file. Unable to determine when borrower received initial CD.

8.16.18 Lender provided disclosure tracking showing CD XXX acknowledged on XXX

8.16.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers qualifying credit score of 764 exceeds guidelines of 720. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: B2 has 15 years on current job. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0 x 30 mortgage history (38 months reviewed)

31

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

Missing properly executed unexpired lease agreements for the following rental properties: 1) XXX 2) XXX

7/18/1/8 - Lender response - See attached leases. 7/21/18 - Clayton - Per appendix Q when lease has converted to month-to-month copies of cancelled checks or bank statements that reflect the current rent deposits required. 7/24/18 - Lender response - I do not see within Appendix Q guidance the requirement for copies of cancelled checks or bank statements that reflect the current rent deposits required, when lease is Month to Month. 7/25/18 - Clayton - Appendix Q requires stability of XXX income. The lease is expired therefore, proof must be provided that borrower has been receiving XXX income. If not provided than XXX income cannot be used. This was verified with Clayton's Legal Department. 7/26/18 - Lender The only lease that is expired in which XXX income was considered is the property at XXX and contained in the loan file is evidence of continuance of the rental payments which is attached. 7/27/18 - Clayton - File shows Lender used XXX calculations for both properties, Rental Worksheet, Verdict and final 1003. . If XXX income is not used for XXX PITI of using PITI of $XXX the DTI will be XXX%. Exception remains for cancelled checks/bank statements verifying current deposits for XXX income for the most for XXX. 7/30/18 Lender provided executed lease with extension through XXX.

7/21/18- Exception remains. 7/25/18 - Exception remains. 7/27/18 - Exception remains. 7/31/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 783 credit score. Guidelines require 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: 41.06 DTI below guideline requirement of 43%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 61.35 months verified cash assets.

31

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

Credit

Terms/Guidelines

Satisfied

N/A

A

N/A

A

CRDTER3122

Loan documents do not meet guideline requirements

No

Missing properly executed unexpired lease agreements for the following rental properties: 1) XXX 2) XXX

7/18/1/8 - Lender response - See attached leases. 7/21/18 - Clayton - Per XXX guidelines if the current signed XXX year lease term has expired and is presently on a month-to-month basis, underwriter should verify the lease has continued without interruption by obtaining canceled checks/bank statements verifying the deposits for XXX income for the most current XXX days. 7/26/18 - Lender The only lease that is expired in which XXX income was considered is the property at XXX and contained in the loan file is evidence of continuance of the rental payments which is attached. 7/27/18 - Clayton - XXX provided proof of receipt of rental payment of $XXX a month for XXX. File shows Lender used XXX calculations for both properties, Rental Worksheet, Verdict and final 1003. If XXX income is not used for XXX using PITI of $XXX the DTI will be XXX%. Exception remains for canceled checks/bank statements verifying the deposits for XXX income for the most current XXX days for XXX. 7/30/18 Lender provided executed lease with extension through XXX.

7/21/18- Exception remains. 7/27/18 - Exception remains for proof of rental deposits for XXX. 7/31/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 783 credit score. Guidelines require 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: 41.06 DTI below guideline requirement of 43%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 61.35 months verified cash assets.

32

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Lender did not provide an ATR/QM status determination.

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 738 exceeds guidelines of 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $253,318.30, Required reserves $4973.25 x 6=$29,839.50 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0 x 30 mortgage history

32

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2642

Missing proof that HELOC has been paid and closed to future draws

No

Provide documentation XXX has been closed to future draws.

7/16/2018: Lender provided verification XXX is closed to future draws.

7/16/2018: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 738 exceeds guidelines of 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $253,318.30, Required reserves $4973.25 x 6=$29,839.50 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0 x 30 mortgage history

32

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2644

Missing proof there were no draws on HELOC in the last 12 months > $2,000

No

Provide documentation XXX has not draws in the last XXX months exceeding $XXX

7/18/18 - Lender response - XXX was purchase money based on the balance in conjunction with the credit line it would not be possible to draw funds so it is reasonable to conclude no draws occurred given the time frame from when it was opened until it was closed. 7/21/18 - Clayton - Per XXX guidelines Must review the draw history for a XXX that was a purchase money XXX if it is more than XXX months old. XXX opened XXX. Please provide draw history to comply with guidelines. 8/13/18 -Lender provided account history indicating no draws.

7/21/18 - Exception remains. 8/13/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 738 exceeds guidelines of 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $253,318.30, Required reserves $4973.25 x 6=$29,839.50 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0 x 30 mortgage history

141

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

A

A

D

B

D

B

A

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD: XXX, Other Costs, Field: Is the Other Cost section properly formatted Homeowner's Insurance Premium payable to listed as ESTIMATED. Corrected on subsequent CD dated XXX.

(No Data)

(No Data)

Hybrid

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $114,580.05 reserves after closing. 26.98 months PITIA. Exceed guideline requirements of 6 months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 778, which is 58 points higher than the guideline requirement of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: Dti is 27.38%, which is 15.62% less than guideline max of 43.0%

141

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

A

A

D

B

D

B

A

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID3554

TRID - LE delivered only via e-mail but there is no prior e-sign consent in file; by regulation, LE must be treated as not delivered

No

Need evidence the borrower signed an electronic consent prior to issuance of LE dated XXX.

8.9.18 Lender provided E consent acknowledged by borrower on XXX

8.9.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $114,580.05 reserves after closing. 26.98 months PITIA. Exceed guideline requirements of 6 months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 778, which is 58 points higher than the guideline requirement of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: Dti is 27.38%, which is 15.62% less than guideline max of 43.0%

141

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

A

A

D

B

D

B

A

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID3600

TRID - CD delivered only via e-mail but there is no prior e-sign consent in file; by regulation, CD must be treated as not delivered

No

Need evidence the borrower signed an electronic consent prior to issuance of CD dated XXX.

8.9.18 Lender provided E consent acknowledged by borrower on XXX

8.9.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $114,580.05 reserves after closing. 26.98 months PITIA. Exceed guideline requirements of 6 months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 778, which is 58 points higher than the guideline requirement of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: Dti is 27.38%, which is 15.62% less than guideline max of 43.0%

215

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

C

A

C

A

C

B

A

A

C

B

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3552

TRID - Loan Estimate not timely

No

Missing Initial LE. Application date is XXX. First LE in file is dated XXX.

8.16.18 Lender provided LE dated XXX

8.16.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 754 exceeds guidelines of 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $371,637, borrowers have 132.45 months excess cash reserves. CFCFS2860: Good credit history - Clayton Comments: 0 x 30 consumer credit history

215

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

C

A

C

A

C

B

A

A

C

B

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Disclosure tracking not in file. Unable to determine when LE and initial CD received.

8.16.18 Lender provided Disclosure tracking showing LE XXX acknowledged on XXX and CD XXX ACKNOWLEDGED on XXX

8.16.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 754 exceeds guidelines of 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $371,637, borrowers have 132.45 months excess cash reserves. CFCFS2860: Good credit history - Clayton Comments: 0 x 30 consumer credit history

215

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

C

A

C

A

C

B

A

A

C

B

C

A

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

Field review required, desk review value of $XXX does not support appraised value of $XXX; property is XXX and variance is -XXX%

9/17/2018 Field review received supporting original appraisal value within tolerance.

9/17/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 754 exceeds guidelines of 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $371,637, borrowers have 132.45 months excess cash reserves. CFCFS2860: Good credit history - Clayton Comments: 0 x 30 consumer credit history

239

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Initial CD issued XXX; No evidence of delivery in file. Per mailbox rule earliest close date is XXX; Loan closed XXX.

8.16.18 Lender provided disclosure tracking showing cd XXX Acknowledged on XXX

8.16.18 Exception satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same profession as a XXX for 13 years Co Borrower has been in the same profession as a XXX for 13 years. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co Borrower has been with the same Employer XXX for 12 years. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit Report shows 0x30 in 54 months CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 28.08% is below the guideline requirement of 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves exceed 40 months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 798 exceeds guideline requirement of 720

458

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

D

B

D

B

A

A

D

A

D

B

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2700

RESPA - List of homeowners counseling organizations not provided w/in 3 days of application

No

The application date was XXX. Only HOC List provided in File is dated XXX.

9.20.18 Lender provided HCO dated XXX

9.21.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score of 745 exceeds Program Guidelines of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 26.29% is below Program Guidelines of 43.00% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 68.09% is below Program Guidelines of 75.00% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 20 years in their profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 17 months PITI reserves; guidelines require 6 months

458

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

D

B

D

B

A

A

D

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3640

TRID - CD: Zero tolerance fee or fees increased at or prior to closing without a valid reason or the revised LE/CD was not timely disclosed; insufficient credit or refund provided

No

LE(s) missing from file for Tolerance Testing. Provide all applicable LE(s) and COC's. Additional Conditions may apply.

9.20.18 Lender provided Initial LE dated XXX and SPL dated XXX

9.21.18 Exception satisfied

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score of 745 exceeds Program Guidelines of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 26.29% is below Program Guidelines of 43.00% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 68.09% is below Program Guidelines of 75.00% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 20 years in their profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 17 months PITI reserves; guidelines require 6 months

458

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

D

B

D

B

A

A

D

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3676

TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation.

No

LE(s) missing from file for Tolerance Testing. Provide all applicable LE(s) and COC's. Additional Conditions may apply.

9.20.18 Lender provided Initial LE dated XXX and SPL dated XXX

9.21.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score of 745 exceeds Program Guidelines of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 26.29% is below Program Guidelines of 43.00% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 68.09% is below Program Guidelines of 75.00% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 20 years in their profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 17 months PITI reserves; guidelines require 6 months

458

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

D

B

D

B

A

A

D

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID3494

TRID - Loan Estimate Missing

No

LE(s) missing from File. Provide all applicable LE(s).

9.20.18 Lender provided Initial LE dated XXX

9.21.18 Exception SATISFIED

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score of 745 exceeds Program Guidelines of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 26.29% is below Program Guidelines of 43.00% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 68.09% is below Program Guidelines of 75.00% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 20 years in their profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 17 months PITI reserves; guidelines require 6 months

458

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

D

B

D

B

A

A

D

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

N/A

A

N/A

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

SPL not timely

9.20.18 Lender provided spl dated XXX

9.21.18 Exception SATISFIED

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score of 745 exceeds Program Guidelines of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 26.29% is below Program Guidelines of 43.00% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 68.09% is below Program Guidelines of 75.00% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 20 years in their profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 17 months PITI reserves; guidelines require 6 months

458

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

D

B

D

B

A

A

D

A

D

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting appraised value of $XXX

9/20/2018 Desk Review provided supports value with a XXX% variance.

9/20/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score of 745 exceeds Program Guidelines of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 26.29% is below Program Guidelines of 43.00% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 68.09% is below Program Guidelines of 75.00% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 20 years in their profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 17 months PITI reserves; guidelines require 6 months

216

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 12 years 6 months at the current job. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 33.85% is below Program Guidelines of 43.00% CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have 21 years at the current residence. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 15 years in their profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets - Reserves $583,496.33. There was no verification the EMD cleared. The borrower has 75.89 months PITIA in reserve. Reserves Required: $404,598.

305

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8/27/2018 Desk Review provided supports value with a XXX% variance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 23.3% maximum is 43% CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 8 years job time.

33

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing the Lender's ATR/QM status determination.

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 804 midscore exceed guideline requirement of 720 CFCFS2854: Significant time in profession - Clayton Comments: B1 11 years CFCFS1739: Postive mortgage payment history - Clayton Comments: CBR 18 mos. reviewed. 0 X 30 days.

306

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

D

B

D

B

D

A

D

A

D

B

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status. 1. Missing P & L and balance sheet for business XXX 2. Missing per guidelines the lender's documentation of the source of the information obtained and the name and title of the lender's employee who obtained the information. (A Internet printout of the business in file with no additional info from lender)

8/22/18 - Lender provided Profit and Loss. Lender provided Balance Sheet. XXX Lender provided VVOE dated XXX

8/23/18 - All Exceptions satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 788 exceeds score of 788 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $300,453.33, required reserves $5383.07 x 6 =$32,298.42 CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has 18 years on job

306

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

D

B

D

B

D

A

D

A

D

B

Compliance

State Late Charges

Satisfied

B

B

B

B

CMPSLC1127

Late Charge percentage exceeds regulatory limits

No

The note disclosed late fee as XXX% which exceeds regulatory limits of XXX%

8.22.18 Lender response; Please be advised that XXX is a XXX and the loan late charge of XXX% applied to the loan is in compliance with federal laws

8.23.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 788 exceeds score of 788 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $300,453.33, required reserves $5383.07 x 6 =$32,298.42 CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has 18 years on job

306

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

D

B

D

B

D

A

D

A

D

B

Credit

Income/Employment

Satisfied

B

A

B

A

CRDINC2496

Verbal verification of employment completed outside the stated requirements and/or after closing/funding

No

Missing, per guidelines, the lender's documentation of the source of the information obtained and the name and title of the lender's employee who obtained the information. (A Internet printout of the business in file with no additional info from lender)

8/23/18 - Lender provided VVOE dated XXX

8/23/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 788 exceeds score of 788 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $300,453.33, required reserves $5383.07 x 6 =$32,298.42 CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has 18 years on job

306

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

D

B

D

B

D

A

D

A

D

B

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC3258

Missing Profit and Loss statement for one or more Self Employed borrowers

No

Missing YTD profit and loss for business XXX

8/22/18 - Lender provided Profit and Loss.

8/23/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 788 exceeds score of 788 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $300,453.33, required reserves $5383.07 x 6 =$32,298.42 CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has 18 years on job

306

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

D

B

D

B

D

A

D

A

D

B

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC3260

Balance Sheet missing for one or more Self Employed borrowers

No

Missing balance sheet for business XXX

8/22/18 - Lender provided Balance Sheet.

8/23/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 788 exceeds score of 788 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $300,453.33, required reserves $5383.07 x 6 =$32,298.42 CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has 18 years on job

306

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

D

B

D

B

D

A

D

A

D

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

8/23/18 - Received valuation $XXX.XXX% variance.

8/23/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 788 exceeds score of 788 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $300,453.33, required reserves $5383.07 x 6 =$32,298.42 CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has 18 years on job

34

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2700

RESPA - List of homeowners counseling organizations not provided w/in 3 days of application

No

(No Data)

7.17.18 Lender response; As indicated on the LOX regarding the initial application that was in the initial file upload; the Property was a TBD until 3/1/2018. Initial disclosures were provided to the borrower once all six elements had been obtained and the RESPA application date had been determined. The RESPA application date was 3/1/2018.

7.17.18 Exception satisfied

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments: Conservative usage with very low balance to credit limit ratios CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Borrower has his XXX as secondary source approximately $400/month not used to qualify CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same profession for 10 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Cash reserves in the amount of $853,555.23 of which liquid reserves required PITIA $8,943 x 6 months = $53,658 requirement; 95.44 months PITI in reserves.

34

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

(No Data)

7.17.18 lender response As indicated on the LOX regarding the initial application that was in the initial file upload; the Property was a TBD until 3/1/2018. Initial disclosures were provided to the borrower once all six elements had been obtained and the RESPA application date had been determined. The RESPA application date was 3/1/2018.

7.17.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments: Conservative usage with very low balance to credit limit ratios CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Borrower has his XXX as secondary source approximately $400/month not used to qualify CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same profession for 10 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Cash reserves in the amount of $853,555.23 of which liquid reserves required PITIA $8,943 x 6 months = $53,658 requirement; 95.44 months PITI in reserves.

34

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3552

TRID - Loan Estimate not timely

No

(No Data)

7/17/18 Lender response; As indicated on the LOX regarding the initial application that was in the initial file upload; the Property was a TBD until 3/1/2018. Initial disclosures were provided to the borrower once all six elements had been obtained and the RESPA application date had been determined. The RESPA application date was 3/1/2018.

7.17.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments: Conservative usage with very low balance to credit limit ratios CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Borrower has his XXX as secondary source approximately $400/month not used to qualify CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same profession for 10 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Cash reserves in the amount of $853,555.23 of which liquid reserves required PITIA $8,943 x 6 months = $53,658 requirement; 95.44 months PITI in reserves.

3

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

C

A

B

A

A

A

C

A

C

A

B

A

A

A

C

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CMPATRQM2900

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Clayton's status determination places loan in a riskier status than the Lender's status determination.

No

DTI Exceeds 43%.

6/4/18 - Lender response - Provided for review please find a copy of the flood insurance, HOI, 1003 and 1008 for a DTI of XXX/42.835%.6/5/18 - Clayton- No documents were included. Please re-upload. 6/7/18 - Lender response - Provided for review please find a copy of the flood insurance, HOI, 1003 and 1008 for a DTI of XXX/42.835%.6/7/18 - Clayton- No documents were included only cover letter. Please re-upload docs. 7/6/18 - Client request revist loan - Our records show that we provided more information or a rebuttal and we’re looking for updates on them. 7/8/18 - Clayton - We received a cover letter on XXX stating additional documentation was provided, flood insurance, HOI, 1003 and 1008. No documents were received. 7/17/18 - Lender response- Provided Flood insurance policy. 7/20/18 - Clayton response - Lender provided XXX Flood insurance policies one shows Premium $XXX year, the Endorsement Effective date is XXX, the other policy shows $XXX year, the Endorsement Effective date is XXX; therefore the $XXX a years is the policy to use. Closing Disclosure confirms $XXX yr was collected. 8/8/18 - Lender response - Please provide a specific breakdown of your figures to determine where we differ. 8/8/18 - Clayton: Exception satisfied. We had higher payment on primary residence.

6/5/18 - Exception remains. 6/7/18 - Exception remains. 7/8/18 - Exception remains. 7/20/18 - Exception remains. 8/8/18 - Exception satisfied.

(No Data)

(No Data)

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 46.02% is below maximum of 80% CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has owned his business 42 years and 9 months CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $593,108.23 verified cash reserves; 139.09 months PITI cash reserves.

3

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

C

A

B

A

A

A

C

A

C

A

B

A

A

A

C

A

Credit

DTI

Satisfied

B

A

B

A

CRDDTI105

Debt Ratio Exception 5% or Less

No

DTI 43.03% due to higher premium for subject homeowners insurance and flood premium.

6/4/18 - Lender response - Provided for review please find a copy of the flood insurance, HOI, 1003 and 1008 for a DTI of XXX/42.835%. 6/5/18 - Clayton- No documents were included. Please re-upload. 6/7/18 - Lender response - Provided for review please find a copy of the flood insurance, HOI, 1003 and 1008 for a DTI of XXX/42.835%.6/7/18 - Clayton- No documents were included on cover letter. Please re-upload docs. 7/6/18 - Client request revist loan - Our records show that we provided more information or a rebuttal and we’re looking for updates on them. 7/8/18 - Clayton - We received a cover letter on XXX stating additional documentation was provided, flood insurance, HOI, 1003 and 1008. No documents were received. 7/17/18 - Lender response- Provided Flood insurance policy. 7/20/18 - Clayton response - Lender provided 2 Flood insurance policies one shows Premium $XXX year, the Endorsement Effective date is XXX, the other policy shows $XXX year, the Endorsement Effective date is XXX; therefore the $XXX a years is the policy to use. Closing Disclosure confirms $XXX yr was collected. 8/8/18 - Lender response - Please provide a specific breakdown of your figures to determine where we differ. 8/8/18 - Clayton: Exception satisfied. We had higher payment on primary residence.

6/5/18 - Exception remains. 6/7/18 - Exception remains. 7/8/18 - Exception remains. 7/20/18 - Exception remains. 8/8/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 46.02% is below maximum of 80% CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has owned his business 42 years and 9 months CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $593,108.23 verified cash reserves; 139.09 months PITI cash reserves.

240

XXXXXX

CT

QM: Safe Harbor

QM: Safe Harbor

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

SPL in pdf doc file is dated XXX and initial loan application date is XXX.

8.16.18 Lender provided SPL dated XXX

8.16.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage pay history 0x30, 73 months reporting. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 17 years in profession as a XXX. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 98.35 months verified reserves.

333

XXXXXX

CT

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8.29.18 - Desk review provided with <XXX% variance.

8.29.18 - Exception satisifed

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Required funds to close in the amount of $107,990.30. Statements in file supported assets of $159,682.75 with reserves of $51,692.45. 6 months reserves required with a loan amount CLTV > 80% requires 6 months reserves ($3,354.88 x 6 =$20,129.28) CFCFS1736: Significant time at current residence - Clayton Comments: Borrower's have owned current residence 14 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 780 exceeds guidelines 720 by 60 points

35

XXXXXX

MD

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Missing acknowledgment of receipt of CD XXX days prior to consummation

7.11.18 Lender provided Disclosure Tracking Details that show CD XXX was acknowledged by the borrower on XXX

7.12.18 Exception satisfied

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments: 0 x 30 consumer credit history CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 801 exceeds guidelines of 720

35

XXXXXX

MD

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Provide Lender's ATR/QM determination as to XXX.

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments: 0 x 30 consumer credit history CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 801 exceeds guidelines of 720

36

XXXXXX

PA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2698

RESPA - List of homeowners counseling organizations not in file

No

List of homeowners counseling organizations not in file.

7.18.18 Lender provided HOC dated XXX

7.19.18 Exception satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: 10 years in current profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total amount available $118,555.81 less cash to close $27,864.34 = $90,691.47 reserves less 6 months $4625.90 PITIA $27,755.40 = $62,936.07 being 13.61 PITIA Excess Reserves CFCFS1750: High potential for increased earnings - Clayton Comments: He received a discretionary bonus of $XXX in XXX YTD and from the XXX W2 for XXX month the total gross earnings $XXX that indicated $XXX bonus. Bonus income being a compensating factor

36

XXXXXX

PA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

The written list of service providers was issued on XXX which is not within XXX days of application date of XXX.

7/18/18 lender provided - SPL dated XXX

7/19/18 Exception SATISFIED

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: 10 years in current profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total amount available $118,555.81 less cash to close $27,864.34 = $90,691.47 reserves less 6 months $4625.90 PITIA $27,755.40 = $62,936.07 being 13.61 PITIA Excess Reserves CFCFS1750: High potential for increased earnings - Clayton Comments: He received a discretionary bonus of $XXX in XXX YTD and from the XXX W2 for XXX month the total gross earnings $XXX that indicated $XXX bonus. Bonus income being a compensating factor

36

XXXXXX

PA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3552

TRID - Loan Estimate not timely

No

The initial loan estimate was issued on XXX which is not within XXX days of application date of XXX.

7.18.18 lender provided LE dated XXX

7.19.18 Exception satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: 10 years in current profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total amount available $118,555.81 less cash to close $27,864.34 = $90,691.47 reserves less 6 months $4625.90 PITIA $27,755.40 = $62,936.07 being 13.61 PITIA Excess Reserves CFCFS1750: High potential for increased earnings - Clayton Comments: He received a discretionary bonus of $XXX in XXX YTD and from the XXX W2 for XXX month the total gross earnings $XXX that indicated $XXX bonus. Bonus income being a compensating factor

142

XXXXXX

PA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

B

A

D

A

D

A

D

A

B

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

Missing verification of taxes and insurance for REO on XXX or verify payment listed in credit report of $XXX is escrowed.

8/8/18 - Lender provided CD. PITI $XXX

8/9/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Borrower receives bonus income that was not used to qualify CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been an XXX for 7 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: 28.54% DTI, Max 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 25.01 months reserves verified

142

XXXXXX

PA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

B

A

D

A

D

A

D

A

B

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

The written list of service providers was issued XXX; which is not within XXX business days of application date of XXX.

8.8.18 Lender provided SPL dated XXX

8.9.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Borrower receives bonus income that was not used to qualify CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been an XXX for 7 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: 28.54% DTI, Max 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 25.01 months reserves verified

142

XXXXXX

PA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

B

A

D

A

D

A

D

A

B

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3552

TRID - Loan Estimate not timely

No

The initial loan estimate was issued XXX which is not within XXX business days of application date of XXX.

8.8.18 Lender provided evidence loan tbd until XXXLoan estimate XXX delivered

8.9.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Borrower receives bonus income that was not used to qualify CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been an XXX for 7 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: 28.54% DTI, Max 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 25.01 months reserves verified

142

XXXXXX

PA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

B

A

D

A

D

A

D

A

B

A

D

A

Credit

DTI

Satisfied

D

A

D

A

CRDDTI2540

Missing verification of some or all components of non-subject PITI

No

Missing verification of taxes and insurance for REO on XXX or verify payment listed in credit report of $XXX is escrowed.

8/8/18 - Lender provided CD. PITI $XXX

8/9/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Borrower receives bonus income that was not used to qualify CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been an XXX for 7 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: 28.54% DTI, Max 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 25.01 months reserves verified

142

XXXXXX

PA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

B

A

D

A

D

A

D

A

B

A

D

A

Property Valuations

Property

Satisfied

B

A

B

A

PRVAPROP2494

Property is 100% complete but requires some cosmetic and/or minor repairs that do not affect value or habitability

No

Per the final inspection, in file, all interior and exterior is complete with the exception of the rear patio, which per contract, shows a cost of $XXX. Provide verification patio is complete.

8/16/18 - Lender provided Final Inspection, patio complete.

8/19/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Borrower receives bonus income that was not used to qualify CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been an XXX for 7 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: 28.54% DTI, Max 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 25.01 months reserves verified

143

XXXXXX

PA

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID4803

TRID - In 5 Years Disclosure: Insufficient information to calculate either or both of the total payments and/or total principal that will be paid in the first 5 years

No

Insufficient information to calculate either or both of the total payments and/or total principal that will be paid in the first XXX years The TOP calculation is within tolerance. Exception Satisfied

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 33.15 months in excess reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 759, which is 39 points higher than the guideline requirement of 720. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: B2 employment history 2010, 7 years 10 months

143

XXXXXX

PA

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3662

TRID - Corrected CD should have been provided; APR is greater than APR 3 business days prior to closing by more than allowable tolerance

No

Provide updated CD. Updated data points Exception satisfied

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 33.15 months in excess reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 759, which is 39 points higher than the guideline requirement of 720. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: B2 employment history 2010, 7 years 10 months

143

XXXXXX

PA

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER3122

Loan documents do not meet guideline requirements

No

Provide updated insurance Declaration page with the correct property address. Property address is XXX hoi has XXX.

8/10/18- Lender response - Provided corrected policy.

8/13/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 33.15 months in excess reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 759, which is 39 points higher than the guideline requirement of 720. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: B2 employment history 2010, 7 years 10 months

144

XXXXXX

PA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2700

RESPA - List of homeowners counseling organizations not provided w/in 3 days of application

No

The home ownership counseling list was issued on XXX, which is within XXX days of application date XXX.

8.8.18 Lender provided HCO dated XXX. Clayton Response; Initial APP date XXX doc delivered outside 3 day tolerance. Exception remains 8.10.18 Lender provided The property was a TBD until XXX.

8.9.18 Exception remains 8.12.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender Max DTI 43% borrowers DTI 28.48% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lender minimum FICO 720 Borrower FICO 779 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 25.53 in reserves.

144

XXXXXX

PA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

The written list of service providers was issued on XXX, which is not within XXX days of application date XXX.

8.8.18 Lender provided SPL dated XXX. Clayton Response; Initial APP date XXX doc delivered outside 3 day tolerance. Exception remains 8.10.18 Lender provided The property was a TBD until XXX.

8.9.18 Exception Remains 8.12.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender Max DTI 43% borrowers DTI 28.48% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lender minimum FICO 720 Borrower FICO 779 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 25.53 in reserves.

144

XXXXXX

PA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3552

TRID - Loan Estimate not timely

No

The initial LE XXX was not issued within XXX business days of initial application date XXX.

8.10.18 Lender provided The property was a TBD until XXX.

8.12.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender Max DTI 43% borrowers DTI 28.48% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lender minimum FICO 720 Borrower FICO 779 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 25.53 in reserves.

144

XXXXXX

PA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

The file is missing evidence that the initial CD XXX was acknowledged at least XXX days prior to consummation.

8.8.18 lender provided disclosure tracking showing CD XXX was acknowledged on XXX

8.9.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender Max DTI 43% borrowers DTI 28.48% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lender minimum FICO 720 Borrower FICO 779 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 25.53 in reserves.

145

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 74.09%; max allowed per guidelines is 80%. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 20 years. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co- Borrower has been employed for 17 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 788 qualifying score. Min required per guidelines is 720.

393

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

The file is missing evidence that the initial CD was acknowledged at least XXX business days prior to consummation.

9.11.18 Lender provided disclosure tracking showing CD XXX was acknowledged on XXX

9.12.18 Exception SATISFIED

(No Data)

Not Applicable

CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Borrower receives additional 1099 income through fee-based consulting work reported through schedule C of his personal 1040s. Income was fully documented but not used in qualifying. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower mid score 792, exceeds minimum credit score requirement of 680 CFCFS3836: Borrower Net Worth - Clayton Comments: Borrower net worth a little over $XXX. The majority of the borrowers assets are in an account that is used to pay borrowers pension monthly, therefore the assets were not included in PCL # month reserves.

393

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing XXX party property valuation supporting the appraised value of $XXX

9/11/2018 Desk Review provided supports value with a XXX% variance.

9/11/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Borrower receives additional 1099 income through fee-based consulting work reported through schedule C of his personal 1040s. Income was fully documented but not used in qualifying. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower mid score 792, exceeds minimum credit score requirement of 680 CFCFS3836: Borrower Net Worth - Clayton Comments: Borrower net worth a little over $XXX. The majority of the borrowers assets are in an account that is used to pay borrowers pension monthly, therefore the assets were not included in PCL # month reserves.

307

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing XXX party valuation supporting the original appraised value of $XXX

8/27/2018 Desk Review provided supports value with a XXX% variance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: A 24 month employment history is required to be verified, however, it has been verified the co-borrower has been with current company for 11 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Guidelines require a minimum score of 700; subject has a qualifying score of 755. CFCFS1744: DTI below guideline requirement - Clayton Comments: Guidelines allow for a debt ratio of up to 43%; subject transaction has a debt ratio of 39.74%.

241

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 742 exceeds guideline requirements of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report is showing Borrowers previous mortgage history 0c30 for 84 months CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 38.89% is below the guideline requirement of 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves exceed 31 months

450

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3564

TRID - There is at least one revised Loan Estimate or Closing Disclosure containing a change that is not documented or supported in the file

No

There were no COC's located in the file

9.19.18 Lender provided COC'S for LE'S dated XXX and initial CD dated XXX

9.20.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 19.92% is below Program Guidelines of 43.00% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 11 years in their profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 36 months PITI reserves; guidelines require 6 months

450

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Provide missing desk review to support value of $XXX.

9/21/2018 Desk Review provided supports value with a XXX% variance.

9/21/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 19.92% is below Program Guidelines of 43.00% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 11 years in their profession. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 36 months PITI reserves; guidelines require 6 months

441

XXXXXX

DC

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing XXX party valuation supporting the original appraised value of $XXX

9/14/2018 Desk Review provided supports value with a XXX% variance.

9/14/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: The borrower has 51 months payments made as agreed to XXX (same lender). CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 749 Credit Score. CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has been on the job for 13 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Remaining reserves $33,851.65 (11 months PITI).

146

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

The file is missing evidence that the initial CD XXX was received by borrower XXX days before consummation date of XXX.

8.9.18 Lender provided disclosure tracking that shows CD XXX acknowledged ON XXX

8.9.18 exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The lender minimum credit score is 720. The borrowers qualifying credit score is 779. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: The borrowers have 38 months mortgage history reviewed with no late payments.

146

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Credit

Legal Documents

Satisfied

N/A

A

N/A

A

CRDLGL3954

Missing POA (Power of Attorney)

No

Missing XXX for B2. B1 signed for B2.

8/9/18 - Lender response - Attached please find a copy of the power of attorney for XXX. 8/21/2018: Lender provided POA.

8/9/18 - Exception satisfied. 8/21/2018: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The lender minimum credit score is 720. The borrowers qualifying credit score is 779. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: The borrowers have 38 months mortgage history reviewed with no late payments.

37

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2700

RESPA - List of homeowners counseling organizations not provided w/in 3 days of application

No

List of homeowners counseling organizations not provided w/in XXX days of application.

7.16.18 lender response; The Property was a TBD until XXX. Initial disclosures were provided to the borrower once all six elements had been obtained and the RESPA application date had been determined. The RESPA application date was XXX. Our system is set up so that the initial application prints once we have all 6 elements needed for a RESPA application although the date the application process began is printed on the 1003 due to system constraints. Please use the date reflected above and on the attached documentation from our LOS system to validate these important dates required for compliance testing

7.17.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: The borrowers DTI is 22.93% which is 20.07 points below the guideline max requirement of 43.0%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower have reserves of $348,479.27 (86.32 Months PITIA Reserves). The lender requires 6 Months PITIA Reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 757, which is 27 points higher than the guideline requirement of 720.

37

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

Written List of Providers not provided w/in XXX days of application.

7.16.18 lender response; The Property was a TBD until XXX. Initial disclosures were provided to the borrower once all six elements had been obtained and the RESPA application date had been determined. The RESPA application date was XXX. Our system is set up so that the initial application prints once we have all 6 elements needed for a RESPA application although the date the application process began is printed on the 1003 due to system constraints. Please use the date reflected above and on the attached documentation from our LOS system to validate these important dates required for compliance testing

7.17.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: The borrowers DTI is 22.93% which is 20.07 points below the guideline max requirement of 43.0%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower have reserves of $348,479.27 (86.32 Months PITIA Reserves). The lender requires 6 Months PITIA Reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 757, which is 27 points higher than the guideline requirement of 720.

37

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3552

TRID - Loan Estimate not timely

No

LE: XXX, Section: General LE Information, Field: Date Issued, Value: XXX not within the XXX day time period of application dated XXX.

7.16.18 lender response; The Property was a TBD until XXX. Initial disclosures were provided to the borrower once all six elements had been obtained and the RESPA application date had been determined. The RESPA application date was XXX. Our system is set up so that the initial application prints once we have all 6 elements needed for a RESPA application although the date the application process began is printed on the 1003 due to system constraints. Please use the date reflected above and on the attached documentation from our LOS system to validate these important dates required for compliance testing

7.17.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: The borrowers DTI is 22.93% which is 20.07 points below the guideline max requirement of 43.0%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower have reserves of $348,479.27 (86.32 Months PITIA Reserves). The lender requires 6 Months PITIA Reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 757, which is 27 points higher than the guideline requirement of 720.

217

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

C

A

D

A

D

A

A

A

C

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2700

RESPA - List of homeowners counseling organizations not provided w/in 3 days of application

No

List of homeowners counseling organizations not provided w/in XXX days of application. Application date XXX. HOC dated XXX.

8.16.18 Lender provided application disclosure showing property TBD until XXX

8.16.18 Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender maximum DTI 43% Borrower DTI 30.178% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $295,950.67 reserves after closing. 86.55 months PITIA. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower time at current job 19 years

217

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

C

A

D

A

D

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

Application date XXX. SPL dated XXX.

8.16.18 Lender provided application disclosure showing property TBD until XXX

8.16.18 Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender maximum DTI 43% Borrower DTI 30.178% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $295,950.67 reserves after closing. 86.55 months PITIA. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower time at current job 19 years

217

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

C

A

D

A

D

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3552

TRID - Loan Estimate not timely

No

Application date XXX. LE dated XXX.

8.16.18 Lender provided application disclosure showing property TBD until XXX

8.16.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender maximum DTI 43% Borrower DTI 30.178% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $295,950.67 reserves after closing. 86.55 months PITIA. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower time at current job 19 years

217

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

C

A

D

A

D

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Loan consummated before end of waiting period

8.16.18 Lender provided disclosure tracking showing cd XXX acknowledged on XXX

8.16.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender maximum DTI 43% Borrower DTI 30.178% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $295,950.67 reserves after closing. 86.55 months PITIA. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower time at current job 19 years

217

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

C

A

D

A

D

A

A

A

C

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2550

Missing HUD-1 from sale of property

No

Missing the final HUD from the sale of the departure residence, located at XXX, evidencing proceeds in the amount of $XXX. The file contains an unsigned estimated settlement statement (pg 577)

8.27.18 - Lender provided final HUD from the sale of the departure residence, located at XXX, evidencing proceeds in the amount of $XXX.

8.28.18 Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender maximum DTI 43% Borrower DTI 30.178% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $295,950.67 reserves after closing. 86.55 months PITIA. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower time at current job 19 years

405

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 23.91% below guideline of 43%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 777 above guideline of 720.

334

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

The file is missing evidence that the initial CD was acknowledged by the borrower at least XXX business days prior to consummation date.

8.30.18 Lender provided Disclosure tracking that shows CD XXX WAS ACKNOWLEDGED on XXX

8.31.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: 20 years in same profession CFCFS1739: Postive mortgage payment history - Clayton Comments: Prev mtg. hist. reflects 0X30 days. No late payments. CFCFS1744: DTI below guideline requirement - Clayton Comments: 33.49% Max 43%

334

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

8.29.18 - Desk review provided with 0% variance

8.29.18 - Exception satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: 20 years in same profession CFCFS1739: Postive mortgage payment history - Clayton Comments: Prev mtg. hist. reflects 0X30 days. No late payments. CFCFS1744: DTI below guideline requirement - Clayton Comments: 33.49% Max 43%

242

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

Not provided

8.17.18 Lender provided SPL dated XXX

8.20.18 - Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: Guidelines allow for a debt ratio of 43%; subject has a debt ratio of 35.21% CFCFS1737: LTV below guideline requirements - Clayton Comments: Guidelines allow for an LTV of up to 90%; subject transaction has an LTV of 80% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Guidelines require six months reserve on all financed properties; after closing cost, borrower has $58,859.12 in assets

38

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3676

TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation.

No

XXX percent tolerance fee or fees increased at or prior to closing without a valid reason on final CD XXX Section E, Recording Fees were added to the Final CD XXX. Provide Letter of explanation, corrected Closing Disclosure, refund, proof of delivery within XXX days of consummation.

7.12.18 lender response; lender provided PC CD XXX A REFUND CHECK TO BORROWER FOR XXX and LOX and Verification all sent to borrower

7.13.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: 19 mos. reviewed with 0 X30 days CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 18.95%. Max 43% CFCFS2854: Significant time in profession - Clayton Comments: B1 has been in the same profession for 13 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 50.39%, max allowed per G/L is 80%

38

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing lender's QM status determination

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: 19 mos. reviewed with 0 X30 days CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 18.95%. Max 43% CFCFS2854: Significant time in profession - Clayton Comments: B1 has been in the same profession for 13 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 50.39%, max allowed per G/L is 80%

39

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing Lender's ATR/QM status determination; Clayton's status XXX

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has resided the existing primary residence for over 9 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total $50,460.06 reserves required. Verified $245,557.67 or 39.87 months

308

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

1) Missing all income Documentation 2) Provide documentation for PITIA subject property expenses. 3) Provide documentation to support PITIA for XXX

8/24/18 - Lender response - See the Hazard Insurance dec page that was in file at time of delivery. 8/24/18- Clayton checked file again, insurance was not in file.( file has 411 pages). Lender provided Hazard for primary residence. All other exceptions remain. 8/24/18 - Lender provided XXX statement for XXX. P&I $XXX. Taxes $XXX, HOA dues $XXX and hazard $XXX.

8/24/18 - Exceptions remain for all documents except hazard on primary. 8/24/18 - All exceptions satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Residing in primary residence 14 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: Ltv is 63.36%, which is 16.64% less than the guideline max of 80.00% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 776, which is 56 points higher than the guideline requirement of 720.

308

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

Documentation

Satisfied

D

A

D

A

CMPDOC796

Missing Title

No

Provide all pages of the title report for the subject property.

8/24/18 - Lender provided Title commitment.

8/24/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Residing in primary residence 14 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: Ltv is 63.36%, which is 16.64% less than the guideline max of 80.00% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 776, which is 56 points higher than the guideline requirement of 720.

308

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

Right of Rescission

Satisfied

D

A

D

A

CMPROR113

ROR - Missing Right of Rescission form

No

Missing Right of Rescission form

8.24.18 Lender provided Missing Right of Rescission form

8.25.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Residing in primary residence 14 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: Ltv is 63.36%, which is 16.64% less than the guideline max of 80.00% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 776, which is 56 points higher than the guideline requirement of 720.

308

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Loan Consummation Date XXX. Initial CD provided XXX and does not meet the XXX day waiting period. No Confirmation of Receipt of Initial CD or XXX Days Prior to Consummation.

8.24.18 Lender provided Disclosure tracking showing Initial CD delivered on XXX acknowledged on XXX. Clayton Response; Initial CD dated XXX not provided in original package please provide. Disclosure Tracking also shows a CD issued on XXX 1 day before CD XXX was issued. Exception remains 8.30.18 Lender provided ; Lender provided CD dated XXX. Acknowledged XXX

8.25.18 Exception Remains 8.31.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Residing in primary residence 14 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: Ltv is 63.36%, which is 16.64% less than the guideline max of 80.00% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 776, which is 56 points higher than the guideline requirement of 720.

308

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

DTI

Satisfied

D

A

D

A

CRDDTI2540

Missing verification of some or all components of non-subject PITI

No

1) Missing all income Documentation 2) Provide documentation for PITIA subject property expenses. 3) Provide documentation to support PITIA for XXX

8/24/18 - Lender response - See the Hazard Insurance dec page that was in file at time of delivery. 8/24/18- Clayton checked file again, insurance was not in file.( file has 411 pages). Lender provided Hazard for primary residence. All other exceptions remain. 8/24/18 - Lender provided XXX statement for XXX. P&I $XXX. Taxes $XXX, HOA dues $XXX and hazard $XXX.

8/24/18 - Exceptions remain for all documents except hazard on primary. 8/24/18 - All exceptions satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Residing in primary residence 14 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: Ltv is 63.36%, which is 16.64% less than the guideline max of 80.00% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 776, which is 56 points higher than the guideline requirement of 720.

308

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Income/Employment

Satisfied

C

A

C

A

CRDINC890

Employment is Unsupported by Documentation in File

No

Provide vvoe dated within XXX days prior to the note date for both borrowers.

8/24/18 - Lender provided VVOE for both borrowers.

8/24/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Residing in primary residence 14 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: Ltv is 63.36%, which is 16.64% less than the guideline max of 80.00% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 776, which is 56 points higher than the guideline requirement of 720.

308

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC2302

Missing Required Income Documentation

No

Provide sufficient documentation to verify income for both borrowers. No income documents were received in the file.

8/24/18 - Lender provided income documentation.

8/24/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Residing in primary residence 14 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: Ltv is 63.36%, which is 16.64% less than the guideline max of 80.00% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 776, which is 56 points higher than the guideline requirement of 720.

308

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Insurance

Satisfied

D

A

D

A

CRDINSR848

Missing Hazard Insurance

No

Provide documentation to verify sufficient insurance coverage on the subject property.

8/24/18 - Lender response - See the Hazard Insurance dec page that was in file at time of delivery. 8/24/18- Clayton checked file again, insurance was not in file.( file has 411 pages)

8/24/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Residing in primary residence 14 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: Ltv is 63.36%, which is 16.64% less than the guideline max of 80.00% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 776, which is 56 points higher than the guideline requirement of 720.

308

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Terms/Guidelines

Satisfied

D

A

D

A

CRDTER146

Missing lender's loan approval/underwriting form

No

Provide Final Transmittal Summary (1008).

8/24/18 - Lender provided form 1008

8/24/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Residing in primary residence 14 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: Ltv is 63.36%, which is 16.64% less than the guideline max of 80.00% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 776, which is 56 points higher than the guideline requirement of 720.

147

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2700

RESPA - List of homeowners counseling organizations not provided w/in 3 days of application

No

The homeownership counseling list was issued XXX; which is not within XXX business days of application date XXX.

8.9.18 Lender provided HOC dated XXX

8.9.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $369,531.00 in post-closing reserves, 105.07 months. Guidelines require 6 months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 784, which is 64 points higher than the guideline requirement of 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been with current employer since 2007, 11 years

147

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

The written list of service providers was issued XXX; which is not within XXX business days of application date XXX.

8.9.18 Lender provided SPL dated XXX

8.9.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $369,531.00 in post-closing reserves, 105.07 months. Guidelines require 6 months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 784, which is 64 points higher than the guideline requirement of 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been with current employer since 2007, 11 years

147

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3552

TRID - Loan Estimate not timely

No

The initial loan estimate was issued XXX; which is not within XXX business days of application date XXX.

8.9.18 Lender provided Le DATED XXX

8.9.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $369,531.00 in post-closing reserves, 105.07 months. Guidelines require 6 months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 784, which is 64 points higher than the guideline requirement of 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been with current employer since 2007, 11 years

4

XXXXXX

MN

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID3730

TRID - Error #2 discovered on Closing Disclosure

No

CD XXX is missing # of months for property taxes. Can be satisfied non-material per legacy TILA Cure xxx(B) with corrected PCCD, LOX and verification of shipping.

5.30.18 Lender response; lender provided PC CD dated XXX correcting missing months, LOX and verification sent to borrower supplied.

5.31.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have resided at the existing primary residence for 24 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total reserves $42,425.64 required. Verified $542,793.17 or157.73 months reserves.

4

XXXXXX

MN

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Loan closed XXX initial CD issued and signed on XXX. File is missing evidence that an initial Cd was issued and acknowledged by the borrower at least XXX days prior to consummation.

5.25.18 Lender response; lender provided disclosure tracking showing initial CD XXX acknowledged on XXX

5.25.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have resided at the existing primary residence for 24 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total reserves $42,425.64 required. Verified $542,793.17 or157.73 months reserves.

4

XXXXXX

MN

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3676

TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation.

No

$XXX XXX percent tolerance due to increase in recording fee from $XXX to $XXX of which $XXX is seller paid and subject to tolerance testing. Final CD provided $XXX cure, leaving a remaining $XXX due to borrower. Requires corrected PCCD, copy of refund check, LOX and verification sent to borrower.

5.30.18 Lender response; lender provided PC CD XXX and Check to borrower for XXX with LOX and verification both were sent

5.31.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have resided at the existing primary residence for 24 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total reserves $42,425.64 required. Verified $542,793.17 or157.73 months reserves.

4

XXXXXX

MN

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation to support appraised value of $XXX.

Received desk review supporting the appraised value of $XXX with -XXX% variance. Exception satisfied.

05.24.18 Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have resided at the existing primary residence for 24 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total reserves $42,425.64 required. Verified $542,793.17 or157.73 months reserves.

148

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

File is missing evidence that the initial CD XXX was acknowledged by the borrower(s) at least XXX business days prior to consummation.

8.8.18 Lender response; Please note that the Initial Closing Disclosure is dated XXX. The Initial Closing Disclosure was sent to and received by the borrowers on XXX. Clayton response; CD XXX Not provided in original file Please provide CD dated XXX. Exception remains 8.10.18 Lender provided CD dated XXX.

8.9.18 Exception Remains 8.12.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: 32.42% Max 43% CFCFS2860: Good credit history - Clayton Comments: all accts. are paid as agreed

366

XXXXXX

NM

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

C

A

D

A

D

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Missing acknowledgment of receipt of CD XXX days prior to consummation

9.4.18 Lender provided Disclosure Tracking Details sheet showing initial CD XXX was acknowledged on XXX

9.5.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Guidelines require a minimum score of 700; subject has a qualifying score of 788. CFCFS1744: DTI below guideline requirement - Clayton Comments: Guidelines allow for a debt ratio of up to 43%; subject transaction has a debt ratio of 35.09%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Final CD required funds to close of $2,672.64. Statements in file supported assets of $55,649.86. Six months reserves required with a loan amount <$1MM< 80% LTV ($3,820.49 x 6 =$22,922.94,).

366

XXXXXX

NM

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

C

A

D

A

D

A

D

A

C

A

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC2302

Missing Required Income Documentation

No

Missing XXX & XXX tax transcripts as required per G/L

9/20/18 - Lender provided XXX,XXX and XXX Tax transcripts.

9/21/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Guidelines require a minimum score of 700; subject has a qualifying score of 788. CFCFS1744: DTI below guideline requirement - Clayton Comments: Guidelines allow for a debt ratio of up to 43%; subject transaction has a debt ratio of 35.09%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Final CD required funds to close of $2,672.64. Statements in file supported assets of $55,649.86. Six months reserves required with a loan amount <$1MM< 80% LTV ($3,820.49 x 6 =$22,922.94,).

366

XXXXXX

NM

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

C

A

D

A

D

A

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting appraised value of $XXX

9/04/2018 Desk Review provided supports value with a XXX% variance.

9/04/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Guidelines require a minimum score of 700; subject has a qualifying score of 788. CFCFS1744: DTI below guideline requirement - Clayton Comments: Guidelines allow for a debt ratio of up to 43%; subject transaction has a debt ratio of 35.09%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Final CD required funds to close of $2,672.64. Statements in file supported assets of $55,649.86. Six months reserves required with a loan amount <$1MM< 80% LTV ($3,820.49 x 6 =$22,922.94,).

40

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments: Max debt ratio of 42% per guidelines; borrower has a debt ratio of 24% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Min score of 720 per guidelines; borrower has qualifying score of 763

309

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8/27/2018 Desk Review provided supports value with a 0% variance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been XXX in current profession for 13 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying score of 778 exceeds minimum required per guidelines of 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Reserves: $119,655.62 (21.36 Months PITIA); Reserves Required $33,617.40 ($5602.90 x 6)

275

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 68 months verified reserves. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 18.64% maximum is 43% CFCFS2854: Significant time in profession - Clayton Comments: Borrower and Co-borrower both have 12 years in same profession as XXX.

41

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments: Guidelines allow for up to 43%; subject transaction is 25.295% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 10.81 months verified cash reserves exceed guideline requirements of 6 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Midpoint credit score of 754 exceed guideline requirements of 720 by 34 points.

149

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Income/Employment

Satisfied

C

A

C

A

CRDINC150

Income docs do not meet guidelines

No

File missing paystubs supporting XXX days of YTD earning. Required per guidelines.

8/8/18 - Lender provided 30 paystubs.

8/8/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: 26.22% Max 43% CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage paid as agreed. 0X30 days past 12 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 796 exceeds the minimum of 720

150

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has >12 months PITI reserves CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history has no lates CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lender minimum FICO 720 borrower FICO 789

42

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: No mortgage delinquencies reporting on credit report CFCFS2860: Good credit history - Clayton Comments: Both applicants handle credit very well. Show ability and willingness to pay.

43

XXXXXX

NC

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD XXX Other Costs Section E, recording fees not itemized, corrected on final CD XXX. Satisfied.

(No Data)

7/2/2018: Exception satisfied.

Hybrid

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 23.88%. Max DTI for this program is 43.00% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 770. Minimum credit score for this program is 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 33 months cash reserves.

44

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 46.940% with a max of 80%

45

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

D

A

C

A

D

A

A

A

D

A

C

A

D

A

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

7.5.18 - Missing lender's QM status determination

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 31.22%, max allowed per G/L is 43% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same profession for 20 years CFCFS1739: Postive mortgage payment history - Clayton Comments: 0 X 30 days. Paid as agreed

45

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

D

A

C

A

D

A

A

A

D

A

C

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting the appraised value of $XXX

7/9/2018 Desk Review provided supports value with a 0% variance.

7/9/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 31.22%, max allowed per G/L is 43% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same profession for 20 years CFCFS1739: Postive mortgage payment history - Clayton Comments: 0 X 30 days. Paid as agreed

46

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

Federal Consumer Protection

Active

B

B

B

B

CMPFDCP4569

NMLS License verification found Loan Originator Name does not match ID but can identify that the LO is the same

No

Loan officer's middle name is not included in the 1003,mote or mortgage but it is included on the XXX consumer access information. Lender to provide evidence of loan officer's middle name to ensure it matches the XXX consumer access information.

7.12.18 - Lender response: "The disclosed name and/or the combination of the disclosed name with NMLS ID are sufficiently distinct to enable a consumer to identify the MLO." Exception remains as Clayton considers minimal NMLS name discrepancies as non-material that must be reported vs. material when variation appears as a possible different person.

7.12.18 - Exception remains non material.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: debt ratio of 23% is below the max debt ratio CFCFS1739: Postive mortgage payment history - Clayton Comments: no mortgage lates in the past 24 months

47

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2550

Missing HUD-1 from sale of property

No

Missing Final CD for the property located at XXX.Estimated Dated XXX.

7/20/18 - Lender response - See attached VERDICT the underwriter did not include the sale of the home when qualifying the borrower. 7/21/18 - Clayton we are looking for the Final Executed Closing Disclosure from sale of XXX showing XXX paid off. File contains Estimated Closing Disclosure. 8/8/18 - Lender response See attached CD from the sale of prior residence located at XXX.

7/21/18 - Exception remains. 8/8/18- Exception satisfied.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Open mortgage payment history is for 162 months when 24 months are required. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been employed for 20 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $225,363.96 or 16 months PITIA on all properties owned, guidelines required 6 months PITIA on subject and additional properties.

48

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

D

B

D

B

D

A

A

A

D

B

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

1. Missing CD from sale of XXX 2. Missing proof of full PITI to support $XXX for XXX. Verified XXX for PITI, mis Note to verify borrowers ownership and XXX month Mortgage history 3. Missing XXX month VOR for XXX

7/18/18 - Lender response - See attached CD from sale of XXX; see mortgage statement for XXX and copy Property Profile, borrower not on loan just title; see attached VOR for XXX

7/20/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 740 exceeds guidelines of 720 CFCFS2860: Good credit history - Clayton Comments: 0 x30 x consumer credit t history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $57,551.10, Required reserves $3629.68 x6=$21,778.08, 4724 Valley Forge $1043.56 x6 =$6261.36, 4304 Stafford Dr $1366.48 x 6$8198.88. Total required reserves $36,238.32

48

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

D

B

D

B

D

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD XXX Loan Costs Section B, Final Inspection Fee missing payee, corrected on Final CD XXX

(No Data)

(No Data)

Hybrid

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 740 exceeds guidelines of 720 CFCFS2860: Good credit history - Clayton Comments: 0 x30 x consumer credit t history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $57,551.10, Required reserves $3629.68 x6=$21,778.08, 4724 Valley Forge $1043.56 x6 =$6261.36, 4304 Stafford Dr $1366.48 x 6$8198.88. Total required reserves $36,238.32

48

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

D

B

D

B

D

A

A

A

D

B

Credit

Credit/Mtg History

Satisfied

D

A

D

A

CRDCRMH149

Missing support docs for VOM/VOR (e.g. cancelled checks)

No

1. Missing XXX month VOR for XXX 2. Missing XXX month mortgage history for XXX and evidence of ownership.

7/18/18 - Lender response - See attached VOR for XXX. 7/20/18 - Clayton File contains Mortgage statement for XXX, borrower not showing on statement. Tax returns Schedule E show borrower wrote off mortgage interest on XXX, used Schedule E to calculate rental loss.

7/20/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 740 exceeds guidelines of 720 CFCFS2860: Good credit history - Clayton Comments: 0 x30 x consumer credit t history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $57,551.10, Required reserves $3629.68 x6=$21,778.08, 4724 Valley Forge $1043.56 x6 =$6261.36, 4304 Stafford Dr $1366.48 x 6$8198.88. Total required reserves $36,238.32

48

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

D

B

D

B

D

A

A

A

D

B

Credit

DTI

Satisfied

D

A

D

A

CRDDTI2540

Missing verification of some or all components of non-subject PITI

No

1. Missing CD from sale of XXX 2. Missing proof of full PITI to support $XXX for XXX. Verified XXX for PITI, missing Note to verify borrowers ownership and XXX month Mortgage history

7/18/18 - Lender response - See attached CD from sale of XXX; see mortgage statement for XXX and copy Property Profile.7/20/18 - Clayton - Mortgage Note was not provided, Tax returns Schedule E show borrower wrote off mortgage interest on XXX, used Schedule E to calculate rental loss.

7/20/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 740 exceeds guidelines of 720 CFCFS2860: Good credit history - Clayton Comments: 0 x30 x consumer credit t history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $57,551.10, Required reserves $3629.68 x6=$21,778.08, 4724 Valley Forge $1043.56 x6 =$6261.36, 4304 Stafford Dr $1366.48 x 6$8198.88. Total required reserves $36,238.32

49

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing lender's QM Status determination

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 794, minimum required is 720 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with the same employer for 6 years CFCFS2860: Good credit history - Clayton Comments: all accts. are paid as agreed. 0X30 days

50

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

C

A

D

A

A

A

D

A

C

A

D

A

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing lender's QM status determination

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 6 months subject PITIA reserves required per guidelines (3826.26*6 = $22957.56) total verified subject reserves 29 months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 752; minimum per guidelines 720

50

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

C

A

D

A

A

A

D

A

C

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation to support appraised value of $XXX.

7/9/2018 Desk Review provided supports value with a XXX% variance.

7/9/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 6 months subject PITIA reserves required per guidelines (3826.26*6 = $22957.56) total verified subject reserves 29 months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 752; minimum per guidelines 720

243

XXXXXX

MD

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower employed with current employer for over 13 years CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have resided have the current primary residence for 14 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 791. Minimum credit score required 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total $21,416.94 reserves required. Verified $288,322.02 or 80.77 months reserves

51

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Borrower had additional XXX that were not needed to qualify, B2 had XXX job that was not used in quailifying CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score for both borrower in 800s vs needed score of 720

420

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR175

Missing Review Appraisal required per guidelines

No

Missing property valuation supporting the appraised value of $XXX.

9/20/18 - Received valuation $XXX. XXX% variance.

9/20/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified post close assets of $177,655.51 (41.10 months PITI) exceeds required reserves of $52,054.64 --6 months reserves for subject ($4,323.03*6=$25,938.18) and 2 additional months for each OREO ($5,177.50*2=$10,355+$2,987.69*2=$5,975.38 +$4,893.04*2=$9,786.08=$26,116.46.) CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers credit score of 790 exceeds minimum score of 720 by 70 points. CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrower's DTI of 34.29% is 8.71 points below the maximum ratio of 43%.

52

XXXXXX

MD

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

B

B

C

B

C

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID3776

TRID - LE or CD does not meet TRID requirements

No

Satisfied. Initial LE XXX, and Final LE XXX. Section Additional information about this loan, the Lender and Loan Officer State information is missing for License ID number. This is fixed by Initial CD XXX. Exception satisfied.

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 6 months subject PITIA required per guidelines (4652.71*6 = $27916.26); total subject PITIA reserves verified 13 months (64896.92/4652.71) CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 745; minimum per guidelines 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 26.16%; max per guidelines 43% CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed with current employer for more than 22 years.

52

XXXXXX

MD

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

B

B

C

B

C

A

A

A

B

B

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing lender's QM status determination

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 6 months subject PITIA required per guidelines (4652.71*6 = $27916.26); total subject PITIA reserves verified 13 months (64896.92/4652.71) CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 745; minimum per guidelines 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 26.16%; max per guidelines 43% CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed with current employer for more than 22 years.

151

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

C

A

A

A

C

B

A

A

C

B

A

A

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

A desk review was received with a reported value of $XXX which is a variance of –XXX% less than the original appraised value of $XXX. A field review is recommended to support the original appraised value.

8/14/18 Field review received supporting original appraisal value within tolerance.

8/14/18 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: 8 years current job time CFCFS1739: Postive mortgage payment history - Clayton Comments: 63 mos. reviewed. 0X30 days CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: 12 years current job time

53

XXXXXX

NC

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

B

B

C

B

C

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

Exception cancelled Initial CD XXX, Loan Costs Section B missing payee information for Survey fees. Also other cost section F missing payee information. Fixed on subsequent final CD XXX.

(No Data)

(No Data)

Hybrid

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: 29 mos. reviewed 0 X 30 days CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 20.48%, Max 43%

53

XXXXXX

NC

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

B

B

C

B

C

A

A

A

B

B

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing lender's QM status determination

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: 29 mos. reviewed 0 X 30 days CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 20.48%, Max 43%

54

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing lender's QM status determination

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 791; minimum per guidelines 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 6 months reserves required (2950.95*6 = $17705.70); additional 2 month required for other reo (2950.95*2 = $5901.90); total subject property reserves verified = 25 months CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 34.22%; max 43% per guidelines

152

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD XXX loan costs section B is missing payee name for XXX Questionnaire. Corrected by subsequent CD. CD XXX and XXX other costs section E are missing payee name for City/County Tax/Stamps. Corrected by PCCD XXX. Satisfied.

(No Data)

8/1/2018: Exception satisfied.

Hybrid

Not Applicable

CFCFS2860: Good credit history - Clayton Comments: 0 late payments in the most recent 24 months. CFCFS1744: DTI below guideline requirement - Clayton Comments: 38.87% Max 43% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 802. Min 720.

55

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC3204

Income Documentation Missing

No

Missing verification of employment for co-borrower's previous employment with XXX to support XXX years of verified employment.

7/18/18 - Lender response - See attached XXX W2's and paystubs from XXX to XXX verifying the co-borrowers prior employment with XXX to support XXX years of employment. 7/20/18 - Clayton - This documentation was already reviewed. The Verbal VOE is required from prior employer as we need to verify End date of employment to confirm there is no gap in employment over XXX days from old employer to new employer per Appendix Q. ( If there is a gap a letter from CB is required explaining why there was a gap) 7/31/18 - Lender provided VVOE from XXX indicating no gaps for prior XXX years.

7/20/18 - Exception remains. 8/1/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Open mortgage payment history is for 67 months when 24 months are required. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with their current employer for 68 months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 773, which is 53 points above the guideline requirement of 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $322,842.01 in post closing reserves which is 4 times the guideline requirement of $106,843.93

244

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender Maximum DTI 43% Borrower DTI 21.429% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has >12 months PITI Cash Reserves CFCFS2860: Good credit history - Clayton Comments: Borrower outstanding debt is very minimal

218

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD XXX: Loan costs - Section B, is missing payee names for multiple title fees. Corrected by subsequent CD. CD XXX: Other costs - Section H, is missing payee name for Title - Owner's Title Insurance fee. Corrected by subsequent CD. Satisfied.

(No Data)

8/9/2018: Exception satisfied.

Hybrid

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 802 qualifying score. Min required per guidelines is 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 37.04% max per guidelines is 43%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 4 years.

310

XXXXXX

MD

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8/27/2018 Desk Review provided supports value with a XXX% variance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 21 years job time as a XXX. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 62 months verified reserves.

153

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments: 8 years current job time CFCFS2860: Good credit history - Clayton Comments: All accts. are paid as agreed. 0X30 days CFCFS1739: Postive mortgage payment history - Clayton Comments: paid as agreed. 0X30 days

154

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender maximum DTI 43% Borrower DTI 16.82% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 87.07 months reserves. CFCFS1737: LTV below guideline requirements - Clayton Comments: Lender maximum LTV/CLTV 80/80%. Current LTV/CLTV of loan 75/75%

429

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Active

B

B

B

B

CMPTRID4309

TRID - CD: The value for Cash to Close in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

XXX or more amounts in the CD dated XXX Calculating Cash to Close columns does not match the LE from XXX. Provide missing LE that matches the Final CD or post close CD correcting the cash to close section.

(No Data)

(No Data)

Non-Numeric

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: Max 80%; subject transaction 58% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Minimum score 720, borrowers score is 745.

429

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing 3rd partyvaluation supporting the appraised value of $XXX.

9/20/2018 Desk Review provided supports value with a XXX% variance.

9/20/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: Max 80%; subject transaction 58% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Minimum score 720, borrowers score is 745.

276

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with his current Employer XXX for 10 years and 4 months. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same profession XXX for 10 years CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report shows Mortgage history for 77 months which exceeds guideline requirement of 24 months CFCFS1739: Postive mortgage payment history - Clayton Comments: Credit Report shows 0 x 30 for 77 months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 779 exceeds guideline requirement of 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 38.91% is below the guideline requirement of 43%

277

XXXXXX

MD

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID3772

TRID - Error #10 discovered on Loan Estimate

No

LE XXX XXX and Contact infor is missing State code for Lender. Corrected on initial CD DATED XXX. - Exception Satisfied

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: Guidelines allow for a debt ratio of up to 43%; subject transaction has a debt ratio of 25.50%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Guidelines require a minimum score of 700; subject has a qualifying score of 800

311

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD XXX Other Costs Section F - HOI Payee shows as T.B.D. Error is corrected on Subsequent CD XXX.

(No Data)

8.20.18 - Exception Satisfied.

Hybrid

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 27 months verified reserves. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 37.82% maximum is 43.0%

311

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

8/27/2018 Desk Review provided supports value with a XXX% variance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 27 months verified reserves. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 37.82% maximum is 43.0%

278

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 51 months verified reserves. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower has 15 years job time.

356

XXXXXX

MD

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting the $XXX value.

8.30.18 - Desk review provided with <XXX% variance.

8.30.18 - Exception satisfied

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 62.51%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 780 qualifying score. Min required per guidelines is 720

279

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4320

TRID - CD: The stated Closing Costs Financed (Paid from Your Loan Amount) amount in the CD Calculating Cash to Close section (Alt Version) does not equate to the amount based on the Reg's formula.

No

CD: XXX: and CD CD: XXX: Calculating Cash to Close, Closing Costs Financed did not include a dollar amount CD:XXX: Calculating Cash to Close, Closing Costs Financed $XXX should be XXX Lender corrected on Post CD XXX Satisfied.

(No Data)

8/15/2018: Exception satisfied.

Numeric

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: Guidelines allow for an LTV of up to 80%; subject transactions has an LTV of 55% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same profession for 13 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lowest midpoint score of 753 exceed guideline requirements of 720.

279

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

A desk review was received with a reported value of $XXX which is a variance of –XXX% less than the original appraised value of $XX. A field review is recommended to support the original appraised value.

9/05/2018 Field review received supporting original appraisal value within tolerance.

9/05/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: Guidelines allow for an LTV of up to 80%; subject transactions has an LTV of 55% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same profession for 13 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lowest midpoint score of 753 exceed guideline requirements of 720.

312

XXXXXX

PA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8/27/2018 Desk Review provided supports value with a -XXX% variance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 6 months reserves required (3470.51*6 = $20823.06); 43 months reserves verified CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 792; minimum per guidelines 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 35.02%; max per guidelines 43%

313

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

A

A

D

A

D

A

D

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL137

Missing copy of 2nd lien Note (subject is 1st lien)

No

Missing XXX lien Note, in the amount of $XXX, that had closed simultaneously with this transaction.

8/23/18 - Lender provided XXX Credit Agreement.

8/23/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in current profession for 12 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: Calculated LTV of 59.73% is below maximum allowed per guidelines of 80%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified liquid assets of $285,655.14 using two months checking, IRA and investment account statements as well as fully sourced gifts. Verified cash reserves of $160,897.88 or 26.51 months PITIA.

313

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

A

A

D

A

D

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8/23/18 - Received valuation $XXX. XXX% variance.

8/23/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in current profession for 12 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: Calculated LTV of 59.73% is below maximum allowed per guidelines of 80%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified liquid assets of $285,655.14 using two months checking, IRA and investment account statements as well as fully sourced gifts. Verified cash reserves of $160,897.88 or 26.51 months PITIA.

335

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

B

A

B

A

A

A

A

A

B

A

B

A

A

A

A

A

Credit

Income/Employment

Satisfied

B

A

B

A

CRDINC2496

Verbal verification of employment completed outside the stated requirements and/or after closing/funding

No

Provide verification of XXX dated within XXX days of the note date, verification provided is dated XXX, note date is XXX.

9/6/18 - Response: See attached VOE dated within XXX days of note date. 9/10/18 - Lender provided letter from XXX dated XXX.

9/10/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has worked in the same profession for 16 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 766, which is 46 points higher than the guideline requirement of 720. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is for 163 months when 24 months are required.

335

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

B

A

B

A

A

A

A

A

B

A

B

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

8/29/2018 Desk Review provided supports value with a XXX% variance.

8/29/2018 - Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has worked in the same profession for 16 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 766, which is 46 points higher than the guideline requirement of 720. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is for 163 months when 24 months are required.

421

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co borrower has been on job for 9 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI below guideline requirement of 43%. DTI = 22.57

280

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID3662

TRID - Corrected CD should have been provided; APR is greater than APR 3 business days prior to closing by more than allowable tolerance

No

Satisfied. Corrected CD provided. COC provided to support change.

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 761. Minimum credit score required 720 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower employed with current employer for over 32 years CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided at the existing primary residence over 5 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total $56,882.12 reserves required. Verified $778,401.76 or 142.32 months reserves

451

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID3730

TRID - Error #2 discovered on Closing Disclosure

No

CD XXX loan costs section B is missing payee name for XXX questionnaire. Corrected by subsequent CD. Satisfied.

(No Data)

9/19/2018: Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 60% is 20% below maximum LTV of 80%. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 32.28% is 10.72% below maximum DTI of 43%.

451

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/24/2018 Desk Review provided supports value with a XXX% variance.

9/24/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 60% is 20% below maximum LTV of 80%. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 32.28% is 10.72% below maximum DTI of 43%.

430

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

No

$XXX XXX tolerance due to $XXX appraisal trip fee being disclosed without a valid CoC. PCCD XXX provided $XXX cure along with LOX, copy of check and verification of shipping. Satisfied.

(No Data)

9/13/2018: Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: Calculated LTV is 60%; guidelines maximum 80% CFCFS1744: DTI below guideline requirement - Clayton Comments: Calculated dti is below 35%; maximum dti is 45% CFCFS1736: Significant time at current residence - Clayton Comments: Borrower lived at primary residence for 15 years

430

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing 3rd party valuation supporting the original appraised value of $XXX

9/19/2018 Desk Review provided supports value with a XXX% variance.

9/19/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: Calculated LTV is 60%; guidelines maximum 80% CFCFS1744: DTI below guideline requirement - Clayton Comments: Calculated dti is below 35%; maximum dti is 45% CFCFS1736: Significant time at current residence - Clayton Comments: Borrower lived at primary residence for 15 years

336

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD: XXX loan other costs, section F is missing the per diem and from date. Corrected on CD. Satisfied.

(No Data)

8/27/2018: Exception satisfied.

Hybrid

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower in his profession for 22 years. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower credit exceeds guidelines at 420 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 70.00%. Max LTV for this program is 80.00%. CFCFS1744: DTI below guideline requirement - Clayton Comments: 32.23% DTI; max per guidelines is 43%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been a XXX for 22 years.

394

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing 3rd party party valuation supporting the appraised value of $XXX

9/12/2018 Desk Review provided supports value with a XXX% variance.

9/12/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower is required to have 6 months PITI for all REO:6 x ($4,006.66 + $1,099.55) = $30,637.26 The borrower has $XXX in post closing assets CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrower's credit score is 773, 53 points above the required 720 score

459

XXXXXX

NC

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

D

A

D

A

A

A

D

A

D

A

Compliance

Documentation

Satisfied

D

A

D

A

CMPDOC155

Application Missing

No

Provide initial and final 1003

9/20/18 - Lender provided copy of initial application. 9/20/18- Clayton - Application does not go to this loan. The application provided is for XXX. Property XXX. 9/21/18 - Lender provided both applications.

9/20/18 - Exception remains. 9/21/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has good established credit not over extended CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed with current employer since 9/30/02, long established employment history

459

XXXXXX

NC

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

D

A

D

A

A

A

D

A

D

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

9/20/18 - Received valuation $XXX. XXX% variance.

9/20/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has good established credit not over extended CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed with current employer since 9/30/02, long established employment history

367

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

C

B

D

A

A

A

D

B

C

B

D

A

A

A

Credit

Income/Employment

Active

C

B

C

B

CRDINC150

Income docs do not meet guidelines

No

Borrower is using business account for earnest money deposit.Guidelines require: • A letter must be obtained from an independent 3rd Party to indicate o the withdrawal will NOT have a material impact on the viability of the business entity; o the withdrawal is not an advance on future earnings; and o no repayment of these funds is required (funds are not a loan from business) Lender provided a letter from borrower's employee. This is not an independent 3rd party.

09/05/2018 (BF) Lender response - this was outlined in VERDICT and Underwriter was willing to accept this to meet our guideline which they are empowered to do. 9/13/8 - Clayton - Lender permits underwriter to accept the documentation provided.

9/13/18 - Downgraded to Non-material. Loan has strong compensating factors.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX at current job 16 years CFCFS1736: Significant time at current residence - Clayton Comments: Borrower at current residence 12 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Loan score of 797 exceeds minimum required score of 720 by 77 points.

367

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

C

B

D

A

A

A

D

B

C

B

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing desk review to support appraised value.

9/04/2018 Desk Review provided supports value with a XXX% variance.

9/04/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX at current job 16 years CFCFS1736: Significant time at current residence - Clayton Comments: Borrower at current residence 12 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Loan score of 797 exceeds minimum required score of 720 by 77 points.

337

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8.30.18 - Desk review provided with XXX% variance

8.30.18 - Exception satisfied

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Resided in primary residence for 5 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $94,559.86 in post-closing reserves, which is $34,736.27 more than the guideline required amount of $59,823.59, or 17 months in reserves of subject PITIA. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same line of work for 24 years.

468

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

B

A

D

A

A

A

D

A

B

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

Written List of Providers not found in loan file

9.21.18 Lender provided Written list of providers dated XXX

9.24.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrowers qualifying score is 791. The lender minimum required score per guidelines is 720. CFCFS1736: Significant time at current residence - Clayton Comments: The borrowers have 5 years and 5 months at departing residence.

468

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

B

A

D

A

A

A

D

A

B

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR275

Completed "Subject To" w/o Completion Cert in File

No

Missing Certification of Completion: Appraisal dated XXX was completed "Subject to completion per plans and specifications..."

9/21/18 - Lender provided Appraisal Update/Completion Report.

9/24/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrowers qualifying score is 791. The lender minimum required score per guidelines is 720. CFCFS1736: Significant time at current residence - Clayton Comments: The borrowers have 5 years and 5 months at departing residence.

468

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

B

A

D

A

A

A

D

A

B

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/21/2018 Desk Review provided supports value with a -XXX% variance.

9/21/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrowers qualifying score is 791. The lender minimum required score per guidelines is 720. CFCFS1736: Significant time at current residence - Clayton Comments: The borrowers have 5 years and 5 months at departing residence.

56

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

Missing evidence that the Server's Providers List was sent to the borrower.

7.16.18 lender provided SPL dated XXX

7.17.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 796 exceeds guidelines 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0 x 30 mortgage history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $277,721.25, Required reserves $4770.68 x 6 =$28,624.08

219

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR275

Completed "Subject To" w/o Completion Cert in File

No

Appraisal is subject to completion. Missing 442/1004D.

8/16/18 - Lender provided Final Inspection.

8/16/18 - Exepetion satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 38 months verified reserves. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has seven years job time as a XXX. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history 0x30, 57 months reporting.

155

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

File is missing evidence that the initial CD XXX was received by borrower 3 days before consummation date of XXX.

8.13.18 Lender provided Mortgage Portal Document showing borrowers acknowledged initial CD XXX on XXX

8.14.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender Maximum DTI 43%. Borrower DTI 20.21 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has >24 months reserves CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Lender minimum FICO 700. Borrowers FICO 797

57

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

A

B

A

A

A

D

A

D

A

B

A

A

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

Missing HUD/CD from the sale of XXX paying off XXX Mortgage with proceeds of $XXX.

7/18/18 - Lender response - See attached Settlement statement and copy of Bank statement showing the Wire of $ XXX

7/20/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 30.245 with a max of 40% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 72.75% with a max of 90%

57

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

A

B

A

A

A

D

A

D

A

B

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

File is missing evidence that the last LE XXX was acknowledged a minimum of XXX business days prior to consummation.

7.31.18 Lender provided Disclosure tracking for all Le's and Initial CD. Clayton response; Verification that LE dated XXX was not provided. Exception Remains 8.9.18 Lender provided Signed LE DATED XXX

8.1.18 Exception Remains 8.9.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 30.245 with a max of 40% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 72.75% with a max of 90%

57

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

A

B

A

A

A

D

A

D

A

B

A

A

A

D

A

Credit

Credit/Mtg History

Satisfied

B

A

B

A

CRDCRMH123

No evidence of required debt payoff

No

Missing HUD/CD from the sale of XXX, XXX paying off XXX Mortgage with proceeds of $XXX

7/18/18 - Lender response - See attached Settlement statement and copy of Bank statement showing the Wire of $ XXX

7/20/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 30.245 with a max of 40% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 72.75% with a max of 90%

422

XXXXXX

UT

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

C

B

D

B

A

A

D

A

C

B

Compliance

Finance Charge Tolerance

Satisfied

C

B

C

B

CMPFINT106

Finance charge understated by more than $100 (Pmt Stream)

No

The finance charge is understated by $ -XXX. Need proof of refund, LOX within XXX days via PCCD and proof of delivery.

9.14.18 Lender response; See attached print out showing our APR calculation.

9.17.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments: Credit score 794 exceeds guidelines of 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $47,767.43, Required reserves $4180.91 x 6=$25,085.46 CFCFS1739: Postive mortgage payment history - Clayton Comments: 0 x30 mortgage history

422

XXXXXX

UT

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

C

B

D

B

A

A

D

A

C

B

Compliance

Finance Charge Tolerance

Satisfied

C

B

C

B

CMPFINT4372

TILA/TRID-Disclosed Amount Financed is higher than Clayton's calculated Amount Financed

No

TRID-Disclosed Amount Financed is higher than Clayton's calculated Amount Financed CD: XXX [Last CD], Section: Loan Calculations, Field: Amount Financed, Value: XXX Field: Amount Financed as Calculated, Value: XXX

9.14.18 Lender response; See attached print out showing our APR calculation.

9.17.18 Exception satisfied

Numeric

Not Applicable

CFCFS2860: Good credit history - Clayton Comments: Credit score 794 exceeds guidelines of 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $47,767.43, Required reserves $4180.91 x 6=$25,085.46 CFCFS1739: Postive mortgage payment history - Clayton Comments: 0 x30 mortgage history

422

XXXXXX

UT

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

C

B

D

B

A

A

D

A

C

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting the appraised value of $XXX

9/12/2018 Desk Review provided supports value with a XXX% variance.

9/12/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments: Credit score 794 exceeds guidelines of 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $47,767.43, Required reserves $4180.91 x 6=$25,085.46 CFCFS1739: Postive mortgage payment history - Clayton Comments: 0 x30 mortgage history

5

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR275

Completed "Subject To" w/o Completion Cert in File

No

Missing Certification of Completion/1004D for Appraisal dated XXX

5/25/18 - Lender response - See attached Appraisal Update/Completion Report.

5/29/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower have been on current job for 13 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The lender minimum credit score is 720. The borrowers credit score is 772. Min 720.

58

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER3262

Property issues indicated

No

Missing appraisal supplement verifying XXX and XXX dues. Mortgage Deed P187 shows a XXX and there is a signed XXX Rider P196 but appraisal report does not indicate the subject property is in a XXX P82. 1008 does not indicate a XXX and no XXX dues P36. Schedule B m of the commitment title refers to XXX filed by its XXX making reference to XXX file numbers XXX.

7/30/18 - Lender provided revised Appraisal indicating property located in a XXX.

7/31/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1750: High potential for increased earnings - Clayton Comments: Co borrower XXX income of $XXX per month was not used. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The lender requires $50,884.20 for Reserves. The borrower have additional reserves of $290,238.27 (54.70 Months PITIA Reserves). CFCFS2854: Significant time in profession - Clayton Comments: Co-borrower has been in her profession for 6 years

58

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Title

Satisfied

C

A

C

A

CRDTIL100

Potential title issue

No

Title commitment shows on XXX insufficient policy amount for loan Schedule A 1. (c ) $XXX as the loan amount is $XXX. Lender to provide supplement to reflect the correct amount

7/18/18 - Lender response - See attached closing instructions the final title policy will have the correct policy/loan amount. 7/20/18 - Lender provided title page showing $XXX

7/20/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1750: High potential for increased earnings - Clayton Comments: Co borrower XXX income of $XXX per month was not used. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The lender requires $50,884.20 for Reserves. The borrower have additional reserves of $290,238.27 (54.70 Months PITIA Reserves). CFCFS2854: Significant time in profession - Clayton Comments: Co-borrower has been in her profession for 6 years

59

XXXXXX

WI

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing Lender's ATR/QM status determination.

7/10/18 Lender provided their ATR/QM status determination.

7.10.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 785. Minimum credit score for this program is 720. CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers in primary residence for 20 years. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower with current employer for 10 years 8 months.

60

XXXXXX

OR

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

B

B

C

B

C

A

A

A

B

B

Compliance

Compliance Manual

Satisfied

B

A

B

A

CMPMAN2992

1003 - Initial Application is not Accurate

No

Initial LE dated XXX; Initial application in file dated XXX; Missing initial application

7.16.18 lender provided initial 1003 Dated XXX

7.17.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: 24.71%, max is 43% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 57.65% Max LTV/CLTV 75% CFCFS1739: Postive mortgage payment history - Clayton Comments: 24 mos. reviewed. 0 X 30 days.

60

XXXXXX

OR

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

B

B

C

B

C

A

A

A

B

B

Compliance

Right of Rescission

Active

B

B

B

B

CMPROR1909

Incorrect ROR Form Used - H8 Form Used in Refinance With Original Creditor

No

Incorrect ROR Form Used - H8 Form Used, Should be H9

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: 24.71%, max is 43% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 57.65% Max LTV/CLTV 75% CFCFS1739: Postive mortgage payment history - Clayton Comments: 24 mos. reviewed. 0 X 30 days.

60

XXXXXX

OR

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

B

B

C

B

C

A

A

A

B

B

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing lender's QM status determination

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: 24.71%, max is 43% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 57.65% Max LTV/CLTV 75% CFCFS1739: Postive mortgage payment history - Clayton Comments: 24 mos. reviewed. 0 X 30 days.

60

XXXXXX

OR

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

B

B

C

B

C

A

A

A

B

B

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

7.6.18 - Desk review provided with XXX% variance

7.6.18 - Exception satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: 24.71%, max is 43% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 57.65% Max LTV/CLTV 75% CFCFS1739: Postive mortgage payment history - Clayton Comments: 24 mos. reviewed. 0 X 30 days.

156

XXXXXX

NM

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

No

$XXX tolerance due to increase in appraisal fee without a valid CoC. PCCD provided cure, LOX, copy of shipping. Satisfied.

(No Data)

8/3/2018: Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 35.80%, max per guidelines is 43%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 766 qualifying score exceeds min required score of 720 by 46 points. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed in current job for 21 years 9 months. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 7 years.

156

XXXXXX

NM

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4147

TRID - Closing Disclosure; Optional designation missing from optional insurance product

No

CD XXX: Home warranty fee is missing the required optional designation when paid by borrower. Fee was removed on subsequent CD. Satisfied.

(No Data)

8/3/2018: Exception satisfied.

Non-Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 35.80%, max per guidelines is 43%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 766 qualifying score exceeds min required score of 720 by 46 points. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed in current job for 21 years 9 months. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 7 years.

61

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

B

C

B

D

A

D

B

D

B

C

B

D

A

D

B

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

1) Missing XXX 1065 XXX Returns for XXX. (XXX years XXX Returns required; XXX 1065s in file).

7/18/18 - Lender response - See attached XXX XXX Tax returns.

7/20/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: The borrower has been employed on the same job for 20 years. CFCFS1736: Significant time at current residence - Clayton Comments: 10 years in home

61

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

B

C

B

D

A

D

B

D

B

C

B

D

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

Cd XXX, XXX, XXX, XXX: other costs screen: section F: does not list the number of months for property taxes line 04.

7.20.18 Lender provided; PC CD dated XXX Correcting the formatting issue for missing months for property taxes

7.23.18 Exception satisfied

Hybrid

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: The borrower has been employed on the same job for 20 years. CFCFS1736: Significant time at current residence - Clayton Comments: 10 years in home

61

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

B

C

B

D

A

D

B

D

B

C

B

D

A

D

B

Credit

Income/Employment

Active

B

B

B

B

CRDINC2488

Verbal verification of employment missing

No

Missing VOE for XXX within XXX days of note date. The note date is XXX and the VOEs are dated XXX and XXX.

7/18/18 - Lender response - Please accept as a Written VOE was on completed on XXX, XXX and a Verbal was completed on XXX. Written VOES are valid for XXX days. 7/20/18 - Clayton - File does not have Written VOEs for XXX and XXX, they are Verbal VOEs. The Written VOE is XXX. Note date XXX. Guidelines say must have a Verbal VOE within XXX business days prior to Note date for all business channels. 8/6/18 - Lender response - See attached VOE confirming the borrower is still active. 8/6/18 - Clayton - Lender provided E-mail dated XXX from Employer confirming borrower is still active.

7/20/18- Exception remains. 8/6/18 - Exception remains Non-material.

(No Data)

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: The borrower has been employed on the same job for 20 years. CFCFS1736: Significant time at current residence - Clayton Comments: 10 years in home

61

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

B

C

B

D

A

D

B

D

B

C

B

D

A

D

B

Credit

Income/Employment

Satisfied

C

A

C

A

CRDINC150

Income docs do not meet guidelines

No

Missing XXX XXX Returns (1065) for XXX. The XXX Returns are in file, but the program requires XXX consecutive years XXX Returns.

7/18/18 - Lender response - See attached XXX XXX Tax returns.

7/20/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: The borrower has been employed on the same job for 20 years. CFCFS1736: Significant time at current residence - Clayton Comments: 10 years in home

61

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

B

C

B

D

A

D

B

D

B

C

B

D

A

D

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing CDA to support original appraisal value of $XXX.

7/18/2018 Desk Review provided supports value with a XXX% variance.

7/18/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: The borrower has been employed on the same job for 20 years. CFCFS1736: Significant time at current residence - Clayton Comments: 10 years in home

62

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID3928

TRID - CD: The Purpose is Purchase but the Valuation Type is not Sales Price

No

Final CD XXX Closing information list Appraised prop value on a Purpose for purchase. should read sale price. Also Seller info is missing, satisfied on PCCD

(No Data)

(No Data)

Non-Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $488,973.27, Required reserves $4480.06 x6 =$26,880.36, N/O/O reserves $2336.62 x 6=$14,019.72, total required reserves $40,900.08 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 766 exceeds guidelines of 720

62

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Missing acknowledgment of receipt of CD 3 days prior to consummation

7.16.18 lender provided acknowledgement of receipt for cd XXX on XXX

7.17.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $488,973.27, Required reserves $4480.06 x6 =$26,880.36, N/O/O reserves $2336.62 x 6=$14,019.72, total required reserves $40,900.08 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 766 exceeds guidelines of 720

314

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR275

Completed "Subject To" w/o Completion Cert in File

No

Missing Complete Cert/1004D

8/23/18 - Lender provided Completion Certificate.

8/24/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 121 months verified reserves. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 14 years job time. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower has 10 years job time.

314

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

XXX Desk Review provided supports value with a -XXX% variance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 121 months verified reserves. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 14 years job time. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower has 10 years job time.

63

XXXXXX

MN

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

C

A

A

A

C

B

A

A

C

B

A

A

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

XXX Desk Review provided has a value of $XXX with a -XXX% variance. Field Review recommended. Clayton to order.

8/07/18 Field review received supporting original appraisal value within tolerance.

8/07/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with employer for 5 years CFCFS2860: Good credit history - Clayton Comments: No late payments in the past 24 months CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Approximate 40 months of post close reserves

157

XXXXXX

MI

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 759, which is 39 points higher than the guideline requirement of 720. CFCFS1736: Significant time at current residence - Clayton Comments: Resided in primary residence for 16 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been with current employer since 2007, 11 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: Dti is 16.03%, which is 26.97% less than guideline max of 43.0%

64

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing Lender's ATR/QM status determination.

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 781 exceeds guideline score of 720 by 61 points CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have owned current residence 16 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX 17 years.

158

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

B

A

A

D

B

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR275

Completed "Subject To" w/o Completion Cert in File

No

Missing 1004D/442 completion cert.

8/17/18 - Lender provided copy of Final Completion Certificate.

8/19/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 31.62% max 43%. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 58.63% Max 80%

158

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

B

A

A

D

B

A

A

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

Appraisal dated XXX value $XXX, desk review dated $XXX, variance -XXX% exceeds XXX% tolerance. Field review recommended.

9/06/2018 Field review received supporting original appraisal value within tolerance.

9/06/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 31.62% max 43%. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 58.63% Max 80%

65

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Missing acknowledgment of receipt of CD 3 days prior to consummation

7/16/18 Lender response; See attached Initial CD and proof it was delivered on XXX. When using the mailbox rule the Initial CD would have been received by XXX and the loan closed on XXX.

7.17.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: 11 years current job time CFCFS1739: Postive mortgage payment history - Clayton Comments: 44 mos. reviewed 0X30 days CFCFS1744: DTI below guideline requirement - Clayton Comments: 27.65% Max 43%

65

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing lender's QM status determination

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: 11 years current job time CFCFS1739: Postive mortgage payment history - Clayton Comments: 44 mos. reviewed 0X30 days CFCFS1744: DTI below guideline requirement - Clayton Comments: 27.65% Max 43%

65

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

Credit

Insurance

Satisfied

C

A

C

A

CRDINSR289

Insufficient Insurance Amount to Cover Loan Balance

No

Dwelling coverage per HOI is $XXX($XXX X XXX%). Loan amount is $XXX and cost new per appraisal is $XXX. GRC Estimate not provided

7/17/2018 Lender provided RCE.

7/17/2018: Exception satisfied.

(No Data)

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: 11 years current job time CFCFS1739: Postive mortgage payment history - Clayton Comments: 44 mos. reviewed 0X30 days CFCFS1744: DTI below guideline requirement - Clayton Comments: 27.65% Max 43%

66

XXXXXX

TN

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Lender did not provide an ATR/QM status determination

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 788 exceeds guidelines of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0 x 30 mortgage history CFCFS2860: Good credit history - Clayton Comments: 0 x 30 consumer credit history

67

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 788 exceeds guidelines of 720 CFCFS2854: Significant time in profession - Clayton Comments: B1 has 30 yrs in current profession CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $865,035.95, Required reserves $6753.33 x 12=$81,039.96

68

XXXXXX

IL

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Borrower receives documented XXX income not used to qualify. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower employed with XXX for 25 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 29%. Max DTI for this program is 43.00% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The lender requires $34,935 (6 Months PITIA for subject and 12 months PITIA for Investment). The Borrower have $183,609.48 (38.31 Months PITIA for subject property)

245

XXXXXX

TN

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 13 years job time as XXX CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history 0x30, 54 months reporting. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 10.39 months verified reserves.

159

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments: Borrower's LTV of 75% is 5% less than required 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower's mid FICO score of 812 is 112 points higher than required 700. CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrower's DTI of 7.19% is 35.81% less than required 43%.

69

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

B

B

C

B

C

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

Initial CD XXX and Final CD XXX, other Costs Section F missing Payee Information for Homeowners Insurance Premium Fee. Fixed on subsequent Post cd XXX. Satisfied.

(No Data)

7/2/2018: Exception satisfied.

Hybrid

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 751; minimum per guidelines 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 32.07%; max per guidelines 43%

69

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

B

B

C

B

C

A

A

A

B

B

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing lender's QM status determination

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 751; minimum per guidelines 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 32.07%; max per guidelines 43%

70

XXXXXX

MN

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: B2 has additional income not being used, He is a XXX in a XXX firm with positive income over 24 months documented. This additional income was not used in qualifying, however is available to the borrower CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Guidelines call for mortgage history 0x30 for 24 months, borrows have 0x30 for 62 months

71

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing Lender's ATR/QM status determination.

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 46.85 months reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 791. Minimum credit score for this program is 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 21.80%. Max DTI for this program is 43.00%

72

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing the Lender's ATR/QM status determination.

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 exception satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: B1 18 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 78.12 mos. verified post close reserves CFCFS1744: DTI below guideline requirement - Clayton Comments: 27.86% max is 43%

160

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD: XXX, XXX, CD: XXX, CD: XXX- Loan Costs, Field: Is the Loan Costs Details section properly formatted Multiple fees are present that don't have costs associated with them.

8.16.18 Lender provided PC CD date XXX correcting formatting issue

8.16.18 Exception sATISFIED

Hybrid

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been XXX at same job for 31 years. CFCFS1736: Significant time at current residence - Clayton Comments: B1 has owned subject residence for 19 years. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: B1 has 0x30 on mortgage for 60 months.

160

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

Desk review value of $XXX is -XXX% variance of the appraised value of $XXX. Field Review is recommended.

9/25/2018: Lender provided the Field Review supporting appraised value.

9/25/2018: Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been XXX at same job for 31 years. CFCFS1736: Significant time at current residence - Clayton Comments: B1 has owned subject residence for 19 years. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: B1 has 0x30 on mortgage for 60 months.

73

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers in primary residence for 34 years. CFCFS2854: Significant time in profession - Clayton Comments: Borrower in her profession for 24 years. Co-Borrower in his profession for 25 years.

161

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $61,055.51 or 13.77 months PITIA; Reserves Required $26,611.86 CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has owned current residence 19 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 60% below guideline requirement of 75% by 15 points.

162

XXXXXX

MO

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower have 25 years and 9 months. CFCFS1744: DTI below guideline requirement - Clayton Comments: The lender maximum debt to income is 43% and the borrower debt to income is 29.20%. CFCFS2854: Significant time in profession - Clayton Comments: The borrower have 26 years in same profession.

281

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

C

A

A

A

C

B

A

A

C

B

A

A

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

The desk review value of $XXX is not within XXX% tolerance of the original value of $XXX.

9/11/2018 Field review received supporting original appraisal value within tolerance.

9/11/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have owned their home for 9 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has XXX for 37 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of 107 months exceed the requirement of 6 months 101 months.

163

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $102,396.87 after closing. 24.14 months PITIA. CFCFS2854: Significant time in profession - Clayton Comments: Borrower in same line of work for12 years CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 31.27% below guideline requirement of 43% by 11.73%.

164

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 776 qualifying score exceeds minimum required credit score of 720 by 56 points. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX for 8 years.

165

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

Missing YTD Balance Sheet for XXX

8/17/18 - Lender provided Balance Sheet.

8/23/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX with current business for 34 years CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Borrower has been XXX with current business for 34 years CFCFS1744: DTI below guideline requirement - Clayton Comments: Calculated DTI 33.69%; max 43% per guidelines

165

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Assets

Satisfied

D

A

D

A

CRDAST2354

Asset Verification In File is Incomplete Per Requirements

No

acct #XXX missing pages 6&7 (XXX) & even pages (XXX)

8/17/18 - Lender provided all pages.

8/20/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX with current business for 34 years CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Borrower has been XXX with current business for 34 years CFCFS1744: DTI below guideline requirement - Clayton Comments: Calculated DTI 33.69%; max 43% per guidelines

165

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC3260

Balance Sheet missing for one or more Self Employed borrowers

No

Missing YTD Balance Sheet for XXX

8/17/18 - Lender provided Balance Sheet.

8/23/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX with current business for 34 years CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Borrower has been XXX with current business for 34 years CFCFS1744: DTI below guideline requirement - Clayton Comments: Calculated DTI 33.69%; max 43% per guidelines

166

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

B

A

B

A

A

A

A

A

B

A

B

A

A

A

A

A

Credit

Application

Satisfied

B

A

B

A

CRDAPP2658

Missing 3rd-party anti-fraud report

No

Missing XXX party anti-fraud report for both borrowers.

8/14/18/ - Lender provided Fraud report

8/14/18/- Lender satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI of 24.62% is 18.38 points lower than maximum allowed of 43%. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been employed in same profession for 35 years. CFCFS2860: Good credit history - Clayton Comments: Good credit history. All accounts are paid as agreed with low revolving credit utilization of 6%.

220

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 12 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 31.04% max per guidelines is 43%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Borrower has $75,256.74 in all liquid reserves after closing or 17.29 months PITIA , meeting the requirement of $54,575.01 in total required reserves (9 months for the subject PITI due to qualifying credit score of 712 $4,331.29* 9 = $38,981.61 ) + 6 months PITI for the 1 additional financed properties ( $ 2,598.90*6 = $15,59.40)

221

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 39.03% exceeds guideline requirement of 43% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers middle credit score is 770; Minimum credit score required is 720. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history of 70 months exceeds guidelines of 24 months CFCFS1739: Postive mortgage payment history - Clayton Comments: Credit report shows 0x30 for 70 months

282

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

Right of Rescission

Active

B

B

B

B

CMPROR1909

Incorrect ROR Form Used - H8 Form Used in Refinance With Original Creditor

No

Regulation Z designates the H9 rescission form as the form designed for same lender refinance transactions; for this loan the lender is using the H8 form. Regulation Z has language allowing the use of a ‘substantially similar notice.’ Clayton’s view has been that an H8 protects the lender and assignee to at least the same extent as an H9, but Clayton recognized that one could think that the mere existence of the H9 takes away the ‘substantially similar notice’ argument. The majority of XXX that have opined on the issue have upheld the use of an H8 in a same-lender refinance; therefore, Clayton grades the use of an H8 form in a same-lender refinance as a level 2/B- Non Material exception in those Circuits that have not decided on this issue.

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have resided at the subject residence for 13 years CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower has been employed with current employer for over 12 years CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed with current employer for over 5 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 777. Minimum credit score required 720

167

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments: 8 years current job time CFCFS2854: Significant time in profession - Clayton Comments: B1 14 years in current profession CFCFS1739: Postive mortgage payment history - Clayton Comments: 25 mos. mortgage history 0X30 days

283

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

B

D

B

A

A

D

B

D

B

D

B

A

A

D

B

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status. Missing verification of "other" additional housing payment for subject property. The final 1003 dated XXX reflects total "other" $XXX. Verified Flood payment $XXX, no additional documentation for the additional XXX payments

8/22/18 - Lender response - The $XXX is the monthly hazard. 8/23/18 - See related Non-material exception for corrected application XXX. Proposed shows P&I $XXX, Hazard $XXX, taxes $XXX and other $XXX(should be reduced to equal Flood payment of $XXX).

8/23/18 - Exception remains. 9/18/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 764 exceeds guidelines of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0 x30 mortgage history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $295,068.93, Subject Required reserves $10,716.13 x 12=$128,593.56. Primary property $2211.71 x 6=$13,270.26, 3210 XXX $1851 x 6=$11,106,XXX $2026.22 x 6=$12,157.32., XXX $1566.36 x 6=$9398.16. Total required reserves $174,525.30

283

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

B

D

B

A

A

D

B

D

B

D

B

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD XXX other costs, section F is missing # of months for flood insurance. Corrected by subsequent CD. Satisfied.

(No Data)

8/13/2018: Exception satisfied.

Hybrid

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 764 exceeds guidelines of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0 x30 mortgage history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $295,068.93, Subject Required reserves $10,716.13 x 12=$128,593.56. Primary property $2211.71 x 6=$13,270.26, 3210 XXX $1851 x 6=$11,106,XXX $2026.22 x 6=$12,157.32., XXX $1566.36 x 6=$9398.16. Total required reserves $174,525.30

283

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

B

D

B

A

A

D

B

D

B

D

B

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3730

TRID - Error #2 discovered on Closing Disclosure

No

CD XXX summaries of transaction section K is missing description of fee for $XXX. Requires corrected PCCD, LOX and verification of shipping.

8.30.18 Lender provided PC CD dated XXX that provides missing description of fee

8.31.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 764 exceeds guidelines of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0 x30 mortgage history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $295,068.93, Subject Required reserves $10,716.13 x 12=$128,593.56. Primary property $2211.71 x 6=$13,270.26, 3210 XXX $1851 x 6=$11,106,XXX $2026.22 x 6=$12,157.32., XXX $1566.36 x 6=$9398.16. Total required reserves $174,525.30

283

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

B

D

B

A

A

D

B

D

B

D

B

A

A

D

B

Credit

Application

Active

N/A

B

N/A

B

CRDAPP130

Application is incomplete

No

Application incorrectly states other payment as $XXX. Proposed shows P&I $XXX, Hazard $XXX, taxes $XXX and other $XXX(should be reduced to equal Flood payment of $XXX). Error considered Non-material.

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 764 exceeds guidelines of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0 x30 mortgage history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $295,068.93, Subject Required reserves $10,716.13 x 12=$128,593.56. Primary property $2211.71 x 6=$13,270.26, 3210 XXX $1851 x 6=$11,106,XXX $2026.22 x 6=$12,157.32., XXX $1566.36 x 6=$9398.16. Total required reserves $174,525.30

283

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

B

D

B

A

A

D

B

D

B

D

B

A

A

D

B

Credit

Credit/Mtg History

Active

C

B

C

B

CRDCRMH2662

Number of mortgaged properties exceeds guideline limit

No

Per guidelines: An applicant may have up to XXX (XXX) total financed properties including the subject property transaction for XXX homes and XXX properties. Subject is a XXX home, borrower owns XXX financed properties.

8/30/18 - Loan has the following compensating factors: 1.FICO Score of 764 2.DTI is XXX% (XXX% below the maximum of 43.000%) 3.Total verified reserves of $XXX which translates to XX months of PITIA 4.Applicant is the Self Employed Owner of XXX for 11 years 5.Has experience in managing multiple properties (based on Schedule E of 1040s)

8/30/18 - Downgraded to non-material based on compensating factors.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 764 exceeds guidelines of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0 x30 mortgage history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $295,068.93, Subject Required reserves $10,716.13 x 12=$128,593.56. Primary property $2211.71 x 6=$13,270.26, 3210 XXX $1851 x 6=$11,106,XXX $2026.22 x 6=$12,157.32., XXX $1566.36 x 6=$9398.16. Total required reserves $174,525.30

283

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

B

D

B

A

A

D

B

D

B

D

B

A

A

D

B

Credit

DTI

Satisfied

D

A

D

A

CRDDTI2540

Missing verification of some or all components of non-subject PITI

No

Missing verification of "other" additional housing payment for subject property. The final 1003 dated XXX reflects total "other" $XXX. Verified Flood payment $XXX, no additional documentation for the additional XXX payments.

8/22/18 - Lender response - The $XXX is the monthly hazard. 8/23/18 - See related Non-material exception for corrected application XXX. Proposed shows P&I $XXX, Hazard $XXX, taxes $XXX and other $XXX(should be reduced to equal Flood payment of $XXX).

8/23/18 - Exception remains. 9/18/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 764 exceeds guidelines of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0 x30 mortgage history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $295,068.93, Subject Required reserves $10,716.13 x 12=$128,593.56. Primary property $2211.71 x 6=$13,270.26, 3210 XXX $1851 x 6=$11,106,XXX $2026.22 x 6=$12,157.32., XXX $1566.36 x 6=$9398.16. Total required reserves $174,525.30

246

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2698

RESPA - List of homeowners counseling organizations not in file

No

List of homeowners counseling organizations not in file. Please provide

8.17.18 Lender provided missing homeowners counseling organizations LIST

8.20.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer for 18 years CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been with current employer for 28 years CFCFS1737: LTV below guideline requirements - Clayton Comments: Guidelines allow for an LTV of up to 90%; subject transaction has an LTV of 75% CFCFS1744: DTI below guideline requirement - Clayton Comments: Guidelines allow for a debt ratio of up to 43%; subject transaction has a debt ratio of 34.89%.

168

XXXXXX

TN

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4299

TRID - CD: The value for Total Closing Costs in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

Please provide a revised CD with the corrected values in the LE column of the Calculating cash to close section, or the Final LE that corresponds to the final CD. Please provide a copy of the revised CD along with an LOX and verification CD was sent to borrower.

8.10.18 Lender response; Corrections were made on the XXX post-consummation CD, which was included in the initial delivery. Because the corrections are clerical in nature, an LOX and proof of delivery are not required. Lender also provided PC CD XXX

8.12.18 Exception Satisfied

Non-Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower(s) have $67,380.22 reserves after closing. 14.52 months PITIA. 6 months reserves required for subject of $27,841.50 ($4,640*6) and 2 months reserves required for additional property owned of $9,336 ($4,668*2). Total Required $37,177.50. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been employed in current job for 14 years. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been employed in current profession for 10.5 years. Co-Borrower has been employed in current profession for 14 years.

284

XXXXXX

MA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 31% maximum is 43% CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 5 years job time as a XXX. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: $187,727.29 in verified post clsg assets, 21.25 months PITI, 6 months required

247

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

D

B

C

A

A

A

D

B

D

B

C

A

A

A

D

B

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

1. Missing XXX and XXX XXX transcripts for 1040 Federal Tax Returns. 2. Missing B1 signature on Balance Sheet dated XXX.

8/24/18 - XXX and XXX XXX transcripts for 1040 Federal Tax Returns provided. Exception remains for missing B1 signature on Balance Sheet dated XXX. 8/30/18 - Lender provided Balance Sheet.

8/28/18 - Exception remains. 8/31/2018 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Borrowers have $121,867.92 in reserves;25.74 months PITI. Guidelines require 6 months for subject ($4,734.75x6 =$28,408.50);

247

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

D

B

C

A

A

A

D

B

D

B

C

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID3772

TRID - Error #10 discovered on Loan Estimate

No

All LE Additional Infor is missing the state code for Lender. Corrected on initial CD dated XXX. Exception satisfied

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Borrowers have $121,867.92 in reserves;25.74 months PITI. Guidelines require 6 months for subject ($4,734.75x6 =$28,408.50);

247

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

D

B

C

A

A

A

D

B

D

B

C

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

All CD: Section: Loan Costs, Field: Is the Loan Costs Details section properly formatted. CD XXX, Section B, survey fee reflects payee as TBD was fee was removed and satisfied on Post CD XXX. Section projected payments estimated taxes and insurance: other is checked but is missing what it is for, but was satisfied on Post CD XXX. EXCEPTION SATISFIED

(No Data)

(No Data)

Hybrid

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Borrowers have $121,867.92 in reserves;25.74 months PITI. Guidelines require 6 months for subject ($4,734.75x6 =$28,408.50);

247

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

D

B

C

A

A

A

D

B

D

B

C

A

A

A

D

B

Credit

Income/Employment

Satisfied

C

A

C

A

CRDINC150

Income docs do not meet guidelines

No

1. Missing XXX and XXX XXX transcripts for 1040 Federal Tax Returns. 2. Missing B1 signature on Balance Sheet dated XXX.

8/24/18 - XXX and XXX XXX transcripts for 1040 Federal Tax Returns provided. Exception remains for missing B1 signature on Balance Sheet dated XXX. 8/30/18 - Lender provided Balance Sheet.

8/28/18 - Exception remains. 8/31/2018 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Borrowers have $121,867.92 in reserves;25.74 months PITI. Guidelines require 6 months for subject ($4,734.75x6 =$28,408.50);

248

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

C

A

A

A

C

B

A

A

C

B

A

A

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

Appraised value is $XXX, XXX Desk Review value is $XXX variance of -XXX% which exceeds the variance of XXX%

8/28/18 Field review received supporting original appraisal value within tolerance.

8/28/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have resided in departure residence for 11 years CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with same employer - XXX for 7 years CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been a XXX for 25 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower qualifying score of 769 exceed guideline requirement of 720. CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: As per written VOE dated XXX, borrower has additional monthly income of $XXX documented over XXX months, not used in ratios. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves: $117,074.32 (21.89 months PITI). Reserves Required $32,087.10 (6 x $5347.85)

222

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Last LE issued on XXX. Initial/Final CD issued on XXX. Nothing issued between XXX and XXX. The file does not contain an initial CD.

8.16.18 Lender provided disclosure tracking showing CD XXX acknowledged by borrower on XXX

8.16.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 37.11 is higher than guideline requirement of 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves are greater than 28 months CFCFS2854: Significant time in profession - Clayton Comments: Borrower has ben an XXX for 17 years. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit Report shows 0x30 for 84 months CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Written VOE shows additional -other-income not used in ratios.

249

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Compliance

Federal Consumer Protection

Active

B

B

B

B

CMPFDCP4569

NMLS License verification found Loan Originator Name does not match ID but can identify that the LO is the same

No

XXX License verification found Loan Originator Name XXX does not match ID but can identify that the LO XXX is the same

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has been employed with current employer for over 10 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 803. Minimum credit score required 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total $46,709.76 reserves required for the subject transaction. Verified $337,719.57 or 69.76 months reserves

249

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

Desk Review supports a value of $XXX vs the appraised value of $XXX causing a variance of -XXX% exceeding the XXX% allowed. A field review is required.

8/28/18 Field review received supporting original appraisal value within tolerance.

8/28/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has been employed with current employer for over 10 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 803. Minimum credit score required 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total $46,709.76 reserves required for the subject transaction. Verified $337,719.57 or 69.76 months reserves

338

XXXXXX

IL

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting appraised value of $XXX

8.31.18 - Desk review provided with XXX%, variance.

8.31.18 - Exception satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: 15 + years with same Company CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 32.50%, Max 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Final CD required funds to close of $178,625.34. Statements in file supported assets of $241,679.70 with reserves of $63,054.36. 6 months reserves required with a loan amount CLTV > 80% requires 6 months reserves ($4333.36 x 6 =$26,000.17).

250

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same profession as a XXX for 25 years. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Borrower has been employed with XXX for 14 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 27.85 months excess cash reserves on subject property only. CFCFS1744: DTI below guideline requirement - Clayton Comments: Back DTi 37.30% is 5.7 points below the maximum allowed of 43%

223

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI is 37.60%; Max DTI 43% CFCFS1736: Significant time at current residence - Clayton Comments: The borrower was at departing residence for 9 years. CFCFS2860: Good credit history - Clayton Comments: All accts. are paid as agreed. No public records.

169

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID4241

TRID - CD: The CD Calculating Cash to Close LE column total does not equal its component parts

No

CD XXX Calculating cash to close LE Colum total of $XXX does not match review's calculation of $XXX. Requires corrected PCCD, LOX and verification of shipping.

8.13.18 Lender response; Although the disclosed value is incorrect, it does match the final disclosed LE. This should be considered acceptable. This was corrected via the re-disclosed CDs.

8.14.18 Upon further senior review the difference is rounding and was corrected. Exception Satisfied

Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender Max DTI 43% Borrower DTI 37.60% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 17.86 months PITIA verified cash reserves. 6 months required on subject and 2 months on REO. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history shows no late payments

251

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

A

A

D

B

D

A

D

B

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID4214

TRID - Loan Estimate: An LE is missing at least one required data point

No

LE Dated XXX shows XXX Contact formatting errors. The license state is missing. Exception cured with Final CD. Satisfy

(No Data)

(No Data)

Hybrid

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report shows 0x30 for 58 months CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 32.20% is below the guideline requirement of 43% CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: B2 income was not used in ratios, Schedule C shows positive income for B2

251

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

A

A

D

B

D

A

D

B

A

A

Credit

Application

Satisfied

D

A

D

A

CRDAPP130

Application is incomplete

No

Borrowers stated on the Declarations page "M" that they have not had ownership in a property in the last XXX years. Borrowers have several additional property's.

8/22/2018 - Lender provided corrected application.

8/23/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report shows 0x30 for 58 months CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 32.20% is below the guideline requirement of 43% CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: B2 income was not used in ratios, Schedule C shows positive income for B2

251

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

A

A

D

B

D

A

D

B

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR275

Completed "Subject To" w/o Completion Cert in File

No

Final completion cert 442/CO missing from the loan file.

8/16/18 - Lender provided Final Inspection.

8/16/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report shows 0x30 for 58 months CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 32.20% is below the guideline requirement of 43% CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: B2 income was not used in ratios, Schedule C shows positive income for B2

251

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

A

A

D

B

D

A

D

B

A

A

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

Valuation Risk Review is $XXX, Appraised value is $XXX which is a -XXX% variance.

8/24/18 Field review received supporting original appraisal value within tolerance.

8/24/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report shows 0x30 for 58 months CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 32.20% is below the guideline requirement of 43% CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: B2 income was not used in ratios, Schedule C shows positive income for B2

315

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing XXX party property valuation supporting the appraised value of $XXX.

8/27/2018 Desk Review provided supports value with a XXX% variance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has owned his home for 8 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has XXX for 9 years. CFCFS1739: Postive mortgage payment history - Clayton Comments: 82 months mortgage history with no late pays within last 24 months.

439

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

The loan file is missing EXECUTED evidence of the HELOC being paid and closed to future liens.

9/18/18 - Lender provided signed Payoff Affidavit for XXX.

9/19/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 67.28% is 12.72% below maximum allowed LTV of 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 766 qualifying score exceeds required score of 720 by 46 points. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed in current position for 14 years. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 25 years.

439

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2642

Missing proof that HELOC has been paid and closed to future draws

No

The loan file is missing EXECUTED evidence of the HELOC being paid and closed to future liens.

9/18/18 - Lender provided signed Payoff Affidavit for XXX.

9/19/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 67.28% is 12.72% below maximum allowed LTV of 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 766 qualifying score exceeds required score of 720 by 46 points. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed in current position for 14 years. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 25 years.

439

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting the $XXX value.

9/14/2018 Desk Review provided supports value with a XXX% variance.

9/14/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 67.28% is 12.72% below maximum allowed LTV of 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 766 qualifying score exceeds required score of 720 by 46 points. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed in current position for 14 years. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 25 years.

252

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

B

A

A

D

B

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR275

Completed "Subject To" w/o Completion Cert in File

No

Final Inspection/CO is missing from the loan file.

8/16/18 - Lender provided Final Inspection.

8/16/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been a XXX at XXX for 22 years CFCFS1737: LTV below guideline requirements - Clayton Comments: Low LTV 54.62%, max allowed per G/L is 75% CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report is showing Borrowers prior mortgage payment 0 x 30 for 99 months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers credit score of 771 exceeds guideline requirement of 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves exceed 17 months

252

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

B

A

A

D

B

A

A

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

Appraised value $XXX. Valuation Risk Review is $XXX, which has a variance of -XXX% exceeding requirement of XXX% variance.

8/27/18 Field review received supporting original appraisal value within tolerance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been a XXX at XXX for 22 years CFCFS1737: LTV below guideline requirements - Clayton Comments: Low LTV 54.62%, max allowed per G/L is 75% CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report is showing Borrowers prior mortgage payment 0 x 30 for 99 months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers credit score of 771 exceeds guideline requirement of 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves exceed 17 months

339

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID4240

TRID - CD: The CD Calculating Cash to Close LE column (Alternative Version) total does not equal its component parts

No

CD XXX Calculating cash to close LE column cash to close total of $XXX does not match review's calculation of -$XXX. Corrected by PCCD XXX. Satisfied.

(No Data)

8/27/2018: Exception satisfied.

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 768; minimum 720 per guidelines CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 22.07%; max per guidelines 43%

339

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4309

TRID - CD: The value for Cash to Close in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

CD XXX calculating cash to close table does not match the last LE issued XXX. Corrected by PCCD XXX. Satisfied.

(No Data)

8/27/2018: Exception satisfied.

Non-Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 768; minimum 720 per guidelines CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 22.07%; max per guidelines 43%

339

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8/29/2018 Desk Review provided supports value with a -XXX% variance.

8/29/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 768; minimum 720 per guidelines CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 22.07%; max per guidelines 43%

395

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

cd XXX: loan costs screen: section c: does not list the name of the provider for survey fee. Only lists the amount. corrected on final cd XXX

(No Data)

(No Data)

Hybrid

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: 62 Years at the borrowers primary residence. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 16.68%, max allowed per G/L is 435

395

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/11/2018 Desk Review provided supports value with a XXX% variance.

9/11/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: 62 Years at the borrowers primary residence. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 16.68%, max allowed per G/L is 435

285

XXXXXX

IL

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 18.31 months verified reserves. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 27.7%, maximum 43%

224

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower employed at current job 8.667 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 771 exceeds guidelines of 720 by 51 points CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower(s) have $51,826.05 reserves after closing (12.13 months PITIA). Required Reserves $25636.98 (6 x $4272.83).

357

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8/31/2018 Desk Review provided supports value with a -XXX% variance.

8/31/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been employed in current profession for11 years. CFCFS2860: Good credit history - Clayton Comments: Positive rental history 0X30 days past 12 months and All accounts. 0X30 days past 12 months paid as agreed.

460

XXXXXX

CT

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting the $XXX value.

9/19/18 - Received valuation $XXX. XXX% variance.

9/19/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 43.86%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 778 qualifying score. Min required per guidelines is 720 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 49 years CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 38 years

253

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 15 years job time as XXX. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 16 months verified reserves. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 33.83% maximum 43%

286

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

B

A

D

A

A

A

D

A

B

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2700

RESPA - List of homeowners counseling organizations not provided w/in 3 days of application

No

List of homeowners counseling organizations not provided w/in XXX days of application. The application date is XXX, and counseling organizations disclosure date is XXX.

8.20.18 Lender provided compliant List of homeowners counseling organizations dated XXX

8.21.18 Exception satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same profession as a XXX for 27 years CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 38.52% is below the guideline requirement of 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves exceed 53 months CFCFS2860: Good credit history - Clayton Comments: Credit report shows zero late payments in excess of 36 months CFCFS3824: Borrower contributed an additional down payment - Clayton Comments: Borrower has XXX% dp into the transaction

286

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

B

A

D

A

A

A

D

A

B

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR275

Completed "Subject To" w/o Completion Cert in File

No

Final inspection missing from the loan file. Lender letter in file signed by the borrowers stating they will obtain a final inspection after closing.

8/17/18 - Lender provided Final Exception Certificate.

8/201/8 - Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same profession as a XXX for 27 years CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 38.52% is below the guideline requirement of 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves exceed 53 months CFCFS2860: Good credit history - Clayton Comments: Credit report shows zero late payments in excess of 36 months CFCFS3824: Borrower contributed an additional down payment - Clayton Comments: Borrower has XXX% dp into the transaction

368

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting the $XXX value.

9/05/2018 Desk Review provided supports value with a XXX% variance.

9/05/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 750 qualifying score. Min required per guidelines is 720 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 29 years. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been employed for 29 years. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 14 years

406

XXXXXX

OR

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/12/2018 Desk Review provided supports value with a XXX% variance.

9/12/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score of 756 exceeds required score of 720 by 36 points. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves of $48,221.28 (14.31 months PITIA) exceeds required 6 months reserves. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower has been employed in current position for 29 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed in current position for 29.17 years.

407

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

9/11/2018 Desk Review provided supports value with a XXX% variance.

9/11/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 788 exceeds guidelines requirement of 720 by 68 points CFCFS1750: High potential for increased earnings - Clayton Comments: Borrower has XXX and XXX income not used to qualify for loan

369

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

B

B

D

B

D

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID4240

TRID - CD: The CD Calculating Cash to Close LE column (Alternative Version) total does not equal its component parts

No

The value for Cash to Close in the LE column of the CD's Calculating Cash to Close table is different ($XXX) from the value disclosed on the last LE ($XXX).

9.10.18 Lender response; See attached last disclosed LE dated XXX and the Post Consummation CD dated XXX correcting the Cash to Close on page 3 in the Calculating Cash to Close table LE column.

9.11.18 Upon further senior review Exception Satisfied

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score of 813, exceeds required score of 720 by 93 points. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 28.31% is 14.69 points below maximum allowed DTI of 43%. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in current profession for 10 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of $218,831.31 (64.88 months PITI) exceeds required 6 months reserves.

369

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

B

B

D

B

D

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4309

TRID - CD: The value for Cash to Close in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

The value for Cash to Close in the LE column of the CD's Calculating Cash to Close table is different ($XXX) from the value disclosed on the last LE ($XXX).

9.10.18 Lender response; See attached last disclosed LE dated XXX and the Post Consummation CD dated XXX correcting the Cash to Close on page 3 in the Calculating Cash to Close table LE column.

9.11.18 Exception Satisfied

Non-Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score of 813, exceeds required score of 720 by 93 points. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 28.31% is 14.69 points below maximum allowed DTI of 43%. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in current profession for 10 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of $218,831.31 (64.88 months PITI) exceeds required 6 months reserves.

369

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

B

B

D

B

D

A

D

A

B

B

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2642

Missing proof that HELOC has been paid and closed to future draws

No

Missing evidence to support HELOC with XXX has been closed to future draws.

9/4/18 - Lender response -Attached please find a Payoff Affidavit requesting the XXX to be closed.

9/5/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score of 813, exceeds required score of 720 by 93 points. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 28.31% is 14.69 points below maximum allowed DTI of 43%. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in current profession for 10 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of $218,831.31 (64.88 months PITI) exceeds required 6 months reserves.

369

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

B

B

D

B

D

A

D

A

B

B

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2644

Missing proof there were no draws on HELOC in the last 12 months > $2,000

No

Missing evidence to support no HELOC draws > $XXX from XXX in the most recent XXX months.

9/4/18 - Lender response - Below is a capture from a Credit Report dated XXX regarding the HELOC showing the Scheduled Payments, Actual Payments and Balance.

9/5/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score of 813, exceeds required score of 720 by 93 points. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 28.31% is 14.69 points below maximum allowed DTI of 43%. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in current profession for 10 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of $218,831.31 (64.88 months PITI) exceeds required 6 months reserves.

369

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

B

B

D

B

D

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting value of $ XXX.

9/5/18 - Received valuation $XXX. -XXX% variance.

9/5/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score of 813, exceeds required score of 720 by 93 points. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 28.31% is 14.69 points below maximum allowed DTI of 43%. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in current profession for 10 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of $218,831.31 (64.88 months PITI) exceeds required 6 months reserves.

358

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID3730

TRID - Error #2 discovered on Closing Disclosure

No

CD XXX and XXX summaries of transaction section XXX is missing to/from dates for Non-Ad XXX and XXX Dues. Corrected on PCCD XXX. Satisfied.

(No Data)

8/29/2018: Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 751 qualifying score. Min required per guidelines is 720 CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 7 years.

340

XXXXXX

OK

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

cd XXX: loan costs screen: section c: does not list the name of the provider for closing fee. corrected on post close cd XXX. Satisfied.

(No Data)

8/27/2018: Exception satisfied.

Hybrid

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed in current job for 7 years 8 months. CFCFS2854: Significant time in profession - Clayton Comments: Borrowr has been employed in current profession for 20 years. CFCFS1739: Postive mortgage payment history - Clayton Comments: 92 months mortgage history reviewed; 0X30 days. Paid as agreed.

316

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR275

Completed "Subject To" w/o Completion Cert in File

No

Missing 1004D and or Certification of Completion for appraisal.

8/22/18 - Lender provided Completion Certificate.

8/23/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Verified $157097.89 after closing; Reserves required $30,612.50 (PITIA 4674.21 * 6) + OREO (2 x 1283.62) CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 795; minimum per guidelines 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 32.71%; max 43% per guidelines CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer for 23 years

316

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

8/27/2018 Desk Review provided supports value with a XXX% variance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Verified $157097.89 after closing; Reserves required $30,612.50 (PITIA 4674.21 * 6) + OREO (2 x 1283.62) CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 795; minimum per guidelines 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 32.71%; max 43% per guidelines CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer for 23 years

341

XXXXXX

OH

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8/29/2018 Desk Review provided supports value with a XXX% variance.

8/29/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 13 years. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been employed for 19 years.

370

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

9/4/18 - Received valuation $XXX. XXX% variance.

9/5/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 769 exceed guidelines of 720 by 49 points CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed at current employer for 6 years stable employment history

469

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/21/2018 Desk Review provided supports value with a XXX% variance.

9/21/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Per XXX borrower's new salary as of XXX will be $XXX. Lender using part of her salary at $XXX CFCFS2860: Good credit history - Clayton Comments: No derogatory or late payment in most recent 24 months.

408

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

9/10/18 - Received Valuation $XXX. XXX% variance.

9/10/18 - Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 800 exceeds guideline requirement of 720 by 80 points CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in profession for 10 years

444

XXXXXX

IL

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

B

A

D

A

A

A

D

A

B

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA863

RESPA: Required Affiliate Business Disclosure missing

No

Lender to provide Affiliated Business Disclosure.

9.18.18 Lender response; With regards to the requirement of an Affiliated Business Arrangement disclosure, XXX only requires this disclosure when there is evidence in the loan file that suggests the lender referred the borrower to XXX of their affiliates.

9.19.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 770 qualifying score. Min required per guidelines is 720. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 59.72 %; max allowed per guidelines is 80%. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 34.79 %, max per guidelines is 43%.

444

XXXXXX

IL

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

B

A

D

A

A

A

D

A

B

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing XXX party valuation supporting the $XXX appraised value.

9/18/2018 Desk Review provided supports value with a XXX% variance.

9/18/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 770 qualifying score. Min required per guidelines is 720. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 59.72 %; max allowed per guidelines is 80%. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 34.79 %, max per guidelines is 43%.

371

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Credit score 757 exceeds guidelines of 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $267,271.81, Subject $14,195.34 x 12=$170,344.08, 4596 Belford Ave $6621 x 6 =$39,726, Total required reserves #210,070.08 CFCFS2860: Good credit history - Clayton Comments: 0 x 30 consumer credit history

409

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID3676

TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation.

No

Tolerance of XXX no COC provided. Tolerance cure given on PC CD dated XXX for XXX, cure sufficient. Exception Satisfied

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves of 99,073.13 (29.18 months PITIA) exceeds required 6 months reserves. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 27.12% is 15.88% below maximum allowed DTI of 43%. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been employed on current job for 9 years.

409

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/12/2018 Desk Review provided supports value with a XXX% variance.

9/12/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves of 99,073.13 (29.18 months PITIA) exceeds required 6 months reserves. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 27.12% is 15.88% below maximum allowed DTI of 43%. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been employed on current job for 9 years.

463

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4299

TRID - CD: The value for Total Closing Costs in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

LE Dated XXX Section: Calculating Cash To Close Field: Total Closing Costs (J): $XXX CD Dated XXX, Section: Calculating Cash to Close Field: Total Closing Costs (J) - Loan Estimate: $XXX Cured via PCCD Dated XXX

(No Data)

(No Data)

Non-Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 6 months subject property reserves required (3190.58*6 = $19143.48); 2 months other REO reserves required (3876.54*2 = $7753.08); additional 30 months subject property reserves verified CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in current profession for 30 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 765; minimum per guidelines 720

463

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4309

TRID - CD: The value for Cash to Close in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

LE Dated XXX Section: Calculating Cash To Close Field: Cash to Close: $XXX CD Dated XXX, Section: Calculating Cash to Close Field: Cash to Close (Loan Estimate): $XXX Cured via PCCD Dated XXX

(No Data)

(No Data)

Non-Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 6 months subject property reserves required (3190.58*6 = $19143.48); 2 months other REO reserves required (3876.54*2 = $7753.08); additional 30 months subject property reserves verified CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in current profession for 30 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 765; minimum per guidelines 720

463

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/21/2018 Desk Review provided supports value with a XXX% variance.

9/21/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 6 months subject property reserves required (3190.58*6 = $19143.48); 2 months other REO reserves required (3876.54*2 = $7753.08); additional 30 months subject property reserves verified CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in current profession for 30 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 765; minimum per guidelines 720

372

XXXXXX

MD

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

9/05/2018 Desk Review provided supports value with a XXX% variance.

9/05/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: 17 years current XXX job time CFCFS2854: Significant time in profession - Clayton Comments: B2 has 15 years in same profession CFCFS2860: Good credit history - Clayton Comments: All accts. are paid as agreed. 0X30 days. No public records.

396

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting the $XXX value.

9/12/18 - Received valuation $XXX. XXX% variance.

9/12/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 794 qualifying score exceeds required score of 720 by 74 points. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed with current employer for 15 years. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been employed with current employer for 4 years.

342

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

C

A

A

A

C

B

A

A

C

B

A

A

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

Original appraised is $XXX. Desk review value is $XXX which is a -XXX% variance. Field review recommended.

9/06/2018 Field review received supporting original appraisal value within tolerance.

9/06/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been with current employer since 1997, 20 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Final CD required funds to close of $0. Statements in file supported assets of $166,886.455 with reserves of $166,886.55. 6 months reserves required with a loan amount CLTV > 80% requires 6 months reserves ($3691.23 x 6 =$22,147.38) CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 750, which is 30 points higher than the guideline requirement of 720.

477

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/27/2018 Desk Review provided supports value with a XXX% variance.

9/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying score of 769 exceeds guideline of 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $416,441.30 or 84.11 months PITIA, guidelines required 6 months PITIA. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX for 10 years.

423

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

Missing documentation to support XXX payments for XXX. Letter of explanation in file is not sufficient.

9/13/18 - Lender response - Attached is a copy of the XXX listing for property located at XXX which reflects the XXX fee as $XXX/month. There was no listing for XXX but, there was an XXX listing for property located in the same XXX (XXX) which reflects the XXX fee as $XXX per month. Both XXX listings are in conjunction with the LOX the borrower provided stating XXX costs for each home were $XXX and $XXXper year respectively.

9/14/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history. 36 months reporting 0x30. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves of $184,512.12 exceeds required reserves of $25,441.02. (Subject $3396.52*6=$20,379.12 + REO $1110.77*2=$2,221.54 +REO $1420.18*2=$2840.36.)

423

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

Credit

DTI

Satisfied

D

A

D

A

CRDDTI2540

Missing verification of some or all components of non-subject PITI

No

Missing documentation to support XXX payments for XXX. Letter of explanation in file is not sufficient.

9/13/18 - Lender response - Attached is a copy of the XXX listing for property located at XXX which reflects the XXX fee as $XXX/month. There was no listing for XXX XX but, there was an XXX listing for property located in the same XXX (XXXwhich reflects the XXX fee as $XXX per month. Both XXX listings are in conjunction with the LOX the borrower provided stating XXX costs for each home were $XXX and $XXX per year respectively.

9/14/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history. 36 months reporting 0x30. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves of $184,512.12 exceeds required reserves of $25,441.02. (Subject $3396.52*6=$20,379.12 + REO $1110.77*2=$2,221.54 +REO $1420.18*2=$2840.36.)

423

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR275

Completed "Subject To" w/o Completion Cert in File

No

Appraisal is completed "subject to completion." Missing final certificate of completion (442/1004D) supporting value of $XXX.

9/13/18 - Lender response - Attached please find an Appraisal Update and/or Completion Report.

9/14/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history. 36 months reporting 0x30. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves of $184,512.12 exceeds required reserves of $25,441.02. (Subject $3396.52*6=$20,379.12 + REO $1110.77*2=$2,221.54 +REO $1420.18*2=$2840.36.)

423

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

9/12/2018 Desk Review provided supports value with a -XXX% variance.

9/12/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history. 36 months reporting 0x30. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves of $184,512.12 exceeds required reserves of $25,441.02. (Subject $3396.52*6=$20,379.12 + REO $1110.77*2=$2,221.54 +REO $1420.18*2=$2840.36.)

431

XXXXXX

TN

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing XXX party valuation supporting the original appraised value of $XXX

9/20/2018 Desk Review provided supports value with a -XXX% variance.

9/20/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Borrowers have $69,138.41 in reserves; 15.09 months PITI. Guidelines require 6 months for subject ($4,581.52x 6 =$27,489.12). Additional REOs do not have liens. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 20.42%. Max 43% CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been on the same job for 9 years. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been XXX for 9 years.

461

XXXXXX

ID

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing XXX party property valuation supporting the appraised value of $XXX.

9/20/2018 Desk Review provided supports value with a XXX% variance.

9/20/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Co-borrower has resided at the existing primary residence for 11 years CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI 25.88%. Maximum DTI allowed 43%

478

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying fico of 771 exceeds guideline of 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 103+ months verified PITIA reserves exceed guideline of 6 months.

410

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 758 qualifying score. Min required per guidelines is 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 16 years. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been employed for 4 years. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 5 years.

452

XXXXXX

OK

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting the XXX value.

9/20/2018 Desk Review provided supports value with a XXX% variance.

9/20/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 38.96%, max per guidelines is 43%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 804 qualifying score. Min required per guidelines is 720

470

XXXXXX

CT

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/21/2018 Desk Review provided supports value with a XXX% variance.

9/21/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 55.00%; 25% below max allowed per guidelines of 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 786 qualifying score exceeds score of 720 by 66 points. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 15 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 24.72 %; 18.27% below maximum allowed per guidelines of 43%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed with current employer for 15 years.

287

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 32 months verified reserves. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 31.14% maximum is 43%

170

XXXXXX

AR

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender Max DTI 43% Borrowers DTI 26.46% CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has 23 years with current employer. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower time at departing residence is 12 years .

74

XXXXXX

MI

QM: Safe Harbor

QM: Safe Harbor

D

A

C

A

D

A

A

A

D

A

C

A

D

A

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing lender's QM status determination

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 6 months subject property PITIA reserves required per guidelines (3457.51*6 = $20745.06); total of 27 month subject property PITIA reserves verified (95874.64/3457.51) CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 782; minimum per guidelines 720

74

XXXXXX

MI

QM: Safe Harbor

QM: Safe Harbor

D

A

C

A

D

A

A

A

D

A

C

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation to support appraised value of $XXX.

7/9/2018 Desk Review provided supports value with a XXX% variance.

7/9/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 6 months subject property PITIA reserves required per guidelines (3457.51*6 = $20745.06); total of 27 month subject property PITIA reserves verified (95874.64/3457.51) CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 782; minimum per guidelines 720

8

XXXXXX

MN

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

B

A

D

A

A

A

D

A

B

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

B

A

B

A

CMPATRQM4821

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Clayton's status determination places loan in a better status than the Lender's status determination.

No

Clayton's determination is QM=XXX and does not support lender's tape supporting rebuttable presumption.

1/19/18: lender re-declared as QM XXX; match to Clayton;

1/19/18: exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower in same profession 12 years. CB in same profession 9 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 783. Min 720.

8

XXXXXX

MN

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

B

A

D

A

A

A

D

A

B

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing desk review supporting appraised value of $XXX

01.02.2018 - Lender provided updated valuation with value of $XXX supporting appraisal value with a XXX% variance.

01.02.2018 - Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower in same profession 12 years. CB in same profession 9 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 783. Min 720.

171

XXXXXX

IL

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID3955

TRID - CD: The Property Tax escrow indicator in the Projected Payments section disagrees with the Escrowed/Non-Escrowed Property Costs over Year 1 indicators in the Loan Disclosures section

No

Satisfied by Post CD XXX. CD: XXX Loan Disclosures, Non-Escrowed Property Costs did not include “Property Taxes.

(No Data)

(No Data)

Non-Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 794. Min 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 30.29%. Max 43%. CFCFS2854: Significant time in profession - Clayton Comments: Borrower in same profession 6 years.

171

XXXXXX

IL

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4299

TRID - CD: The value for Total Closing Costs in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

Satisfied. Post CD XXX. The value for Total Closing Costs in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE.

(No Data)

(No Data)

Non-Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 794. Min 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 30.29%. Max 43%. CFCFS2854: Significant time in profession - Clayton Comments: Borrower in same profession 6 years.

171

XXXXXX

IL

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4309

TRID - CD: The value for Cash to Close in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

Satisfied on PCCD XXX. Issue Corrected on Post CD XXX The value for Cash to Close in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE.

(No Data)

(No Data)

Non-Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 794. Min 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 30.29%. Max 43%. CFCFS2854: Significant time in profession - Clayton Comments: Borrower in same profession 6 years.

464

XXXXXX

MN

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

Repayment Ability

Active

B

B

B

B

CMPSTRA1497

File does not contain a repayment ability worksheet

No

Missing repayment ability worksheet

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 794. Minimum credit score required 720 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower employed with current employer for over 6 years

464

XXXXXX

MN

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

State Consumer Protection

Active

B

B

B

B

CMPSTCP1537

MN No acknowledgement of Oral Tax/Insurance Disclosure in file

No

XXX No acknowledgement of Oral Tax/Insurance Disclosure in file

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 794. Minimum credit score required 720 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower employed with current employer for over 6 years

464

XXXXXX

MN

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation to support appraised value of $XXX

9/21/2018 Desk Review provided supports value with a -XXX% variance.

9/21/2018 Exception satisfied.

(No Data)

(No Data)

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 794. Minimum credit score required 720 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower employed with current employer for over 6 years

172

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

D

B

D

B

A

A

C

A

D

B

D

B

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

CD: XXX, Missing evidence initial CD XXX was acknowledged by the borrower at least XXX business days prior to consummation.

8.7.18 Lender provided disclosure tracking showing borrower acknowledged CD XXX

8.8.18 Exception Satisffied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Per VOE, the borrower have been on the current job for 8 years. CFCFS1739: Postive mortgage payment history - Clayton Comments: 54 mos. reviewed 0X30 days. Paid as agreed CFCFS2860: Good credit history - Clayton Comments: All accts. are paid as agreed.

172

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

D

B

D

B

A

A

C

A

D

B

D

B

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

N/A

A

N/A

A

CMPTRID3636

TRID - Revised Closing Disclosure required but not provided

No

Revised CD required to show all escrow holdback funds disbursed.

8.10.18 -Lender response; A CD showing the disbursement of all escrow holdback funds is not a requirement. Clayton response; Unable to validate compliance testing without proof of disbursement for all funds held in escrow. Exception remains. 8.16.17 -Lender provided completion cert and invoice indicating all funds disbursed.

8.13.18 -Exception remains. 8.17.18 -Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Per VOE, the borrower have been on the current job for 8 years. CFCFS1739: Postive mortgage payment history - Clayton Comments: 54 mos. reviewed 0X30 days. Paid as agreed CFCFS2860: Good credit history - Clayton Comments: All accts. are paid as agreed.

172

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

D

B

D

B

A

A

C

A

D

B

D

B

A

A

C

A

Credit

Terms/Guidelines

Active

B

B

B

B

CRDTER3124

Loan documents do not meet guideline requirements

No

Per the Verdict - "Loan has been approved for Variance as a XXX years fixed rate with Escrow Holdback. The Product usually needs to be an ARM for Escrow Holdback".

8/6/18 - Non-material XXX. Lender acknowledged. 9/26/2018: Exception waived.

9/26/2018: Exception waived. Client approved loan clear to close with escrow holdback for the pool.8/6/18 - Non-material XXX Lender acknowledged.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Per VOE, the borrower have been on the current job for 8 years. CFCFS1739: Postive mortgage payment history - Clayton Comments: 54 mos. reviewed 0X30 days. Paid as agreed CFCFS2860: Good credit history - Clayton Comments: All accts. are paid as agreed.

172

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

D

B

D

B

A

A

C

A

D

B

D

B

A

A

C

A

Credit

Terms/Guidelines

Active

D

B

D

B

CRDTER146

Missing lender's loan approval/underwriting form

No

Missing final 1008 with correct PITIA of $XXX. The 1008 in file have the subject payment at $XXX.

08.13.18 Lender rebuttal - guideline states that the subject is a new construction loan and the estimated taxes reflected on the 1008 should be acceptable. Final 1008 matching the final 1003 is required to support the final DTI. Exception remains but non material.

08.13.18 Exception remains.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Per VOE, the borrower have been on the current job for 8 years. CFCFS1739: Postive mortgage payment history - Clayton Comments: 54 mos. reviewed 0X30 days. Paid as agreed CFCFS2860: Good credit history - Clayton Comments: All accts. are paid as agreed.

397

XXXXXX

NV

QM: Safe Harbor

QM: Safe Harbor

D

B

C

B

D

A

A

A

D

B

C

B

D

A

A

A

Credit

Terms/Guidelines

Active

C

B

C

B

CRDTER3122

Loan documents do not meet guideline requirements

No

Borrower used XXX assets for closing and reserves. Lender has approved exception in file. Final grade B, lender acknowledged exception for the use of XXX assets. Need Client exception approval.

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 21.6%, below guideline of 43% CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX in same company for over 32 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is below guidelines max of 80% at 65.57%

397

XXXXXX

NV

QM: Safe Harbor

QM: Safe Harbor

D

B

C

B

D

A

A

A

D

B

C

B

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing XXXX party property valuation supporting the value $XXX

9/12/18 - Received valuation $XXX. XXX% variance.

9/12/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 21.6%, below guideline of 43% CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX in same company for over 32 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is below guidelines max of 80% at 65.57%

173

XXXXXX

IL

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3955

TRID - CD: The Property Tax escrow indicator in the Projected Payments section disagrees with the Escrowed/Non-Escrowed Property Costs over Year 1 indicators in the Loan Disclosures section

No

CD XXX Property taxes is not being escrowed. IT should be disclosed as such in Projected payment section as "no". As well as in loan disclosures Non-Escrowed property costs over year XXX Requires corrected PCCD, LOX and verification of shipping.

8.21.18 Lender provided PC CD dated XXX with LOX , correcting the property taxes in projected payments section

8.22.18 Exception satisfied

Non-Numeric

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: 24 years CFCFS1744: DTI below guideline requirement - Clayton Comments: 29.49% Max 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $108,651.10 after closing. 26.91 mos.

411

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing XXX party updated valuation supporting the $XXX appraised value.

9/12/2018 Desk Review provided supports value with a XXX% variance.

9/12/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 741 qualifying score. Min required per guidelines is 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 27.90%, max per guidelines is 43%.

225

XXXXXX

SC

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Borrowers have $$627,422.54 in reserves; 156.65 months PITI. Guidelines require 6 months for subject ($3,931.03 x 6 =$23,586.18); CFCFS1744: DTI below guideline requirement - Clayton Comments: The lender maximum debt to income ratio is 43%. The borrowers debt to income ratio is 19.07%

75

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

No

$XXX XXX tolerance due to increase in credit report without a valid XXX. Requires corrected PCCD, copy of refund check, LOX and verification of shipping.

7.13.18 lender provided revised CD dated XXX with refund check for XXX along with LOX and verification sent to borrower

7.13.18 Exception satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower in same profession 10 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 747. Min 720.

317

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

B

B

D

B

D

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4284

TRID - CD: The value for Seller Credits in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

CD XXX The value for Seller Credits in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE XXX, satisfied on PCCD XXX

(No Data)

(No Data)

Non-Numeric

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has significant time at current job FOR 15 YEARS, 11 MONTHS CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has significant time at current job 10.35 YEARS

317

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

B

B

D

B

D

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4309

TRID - CD: The value for Cash to Close in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

CD XXX The value for Cash to Close in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE XXX, satisfied on PCCD XXX

(No Data)

(No Data)

Non-Numeric

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has significant time at current job FOR 15 YEARS, 11 MONTHS CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has significant time at current job 10.35 YEARS

317

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

B

B

D

B

D

A

D

A

B

B

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2550

Missing HUD-1 from sale of property

No

Missing executed HUD evidencing the sale of borrower's departure residence, located at XXX

8/23/18 - Lender provided Seller's settlement statement and Property Detail Report as evidence of sale of home at XXX. Net cash $XXX.

8/23/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has significant time at current job FOR 15 YEARS, 11 MONTHS CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has significant time at current job 10.35 YEARS

317

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

B

B

D

B

D

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR275

Completed "Subject To" w/o Completion Cert in File

No

Appraisal report is subject to completion of construction. Missing XXX final inspection.

8/23/18 - Lender provided Completion Certificate.

8/23/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has significant time at current job FOR 15 YEARS, 11 MONTHS CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has significant time at current job 10.35 YEARS

317

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

B

B

D

B

D

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing XXX party valuation supporting the appraised value of $XXX

8/29/2018 Desk Review provided supports value with a -XXX% variance.

8/29/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has significant time at current job FOR 15 YEARS, 11 MONTHS CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has significant time at current job 10.35 YEARS

254

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Compliance

Finance Charge Tolerance

Satisfied

B

B

B

B

CMPFINT106

Finance charge understated by more than $100 (Pmt Stream)

No

Corrected on PC CD dated XXX, Exception satisfied

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower1 has been with the same Employer XXX for 15 years. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been a XXX for 15 years CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co Borrower has been with same Employer XXX for 9.9 years CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report shows 0x30 for 84 months CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 38.86% is below the guideline requirement of 43% CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Additional $XXX monthly in XXX income not used in ratios CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets:File contained calculated assets of $611,578.75 which includes $401,828.38 Liquid. Cash to close $204,612.50. Reserves $406,966.25. Required Reserves $$38,816.22 (6 x $6469.37)

254

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Compliance

Finance Charge Tolerance

Satisfied

B

B

B

B

CMPFINT4372

TILA/TRID-Disclosed Amount Financed is higher than Clayton's calculated Amount Financed

No

ties into exception CMPFINT106. Exception satisfied

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower1 has been with the same Employer XXX for 15 years. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been a XXX for 15 years CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co Borrower has been with same Employer XXX for 9.9 years CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report shows 0x30 for 84 months CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 38.86% is below the guideline requirement of 43% CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Additional $XXX monthly in XXX income not used in ratios CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets:File contained calculated assets of $611,578.75 which includes $401,828.38 Liquid. Cash to close $204,612.50. Reserves $406,966.25. Required Reserves $$38,816.22 (6 x $6469.37)

254

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

Section: Loan Costs, Field: Is the Loan Costs Details section properly formatted?, Value: No, CD XXX under section B final inspection fee reflect payee as XXX but was satified on Post CD XXX. EXCEPTION SATISFIED

(No Data)

(No Data)

Hybrid

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower1 has been with the same Employer XXX for 15 years. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been a XXX for 15 years CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co Borrower has been with same Employer XXX for 9.9 years CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report shows 0x30 for 84 months CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 38.86% is below the guideline requirement of 43% CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Additional $XXX monthly in XXX income not used in ratios CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets:File contained calculated assets of $611,578.75 which includes $401,828.38 Liquid. Cash to close $204,612.50. Reserves $406,966.25. Required Reserves $$38,816.22 (6 x $6469.37)

254

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

Appraised Value dated XXX is $XXX dated XXX value is $XXX variance of -XXX% which exceeds the XXX% tolerance. BPO from XXX dated XXX value is $XXX and supports the appraised value of $XXX date of report is XXX Appraisal dated XXX with a value of $XXX is not located in the loan file.

8/31/18 Field review received supporting original appraisal value within tolerance.

8/31/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower1 has been with the same Employer XXX for 15 years. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been a XXX for 15 years CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co Borrower has been with same Employer XXX for 9.9 years CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report shows 0x30 for 84 months CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 38.86% is below the guideline requirement of 43% CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Additional $XXX monthly in XXX income not used in ratios CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets:File contained calculated assets of $611,578.75 which includes $401,828.38 Liquid. Cash to close $204,612.50. Reserves $406,966.25. Required Reserves $$38,816.22 (6 x $6469.37)

76

XXXXXX

NC

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4284

TRID - CD: The value for Seller Credits in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

CD XXX Table LE Column Seller Credit does not match Final LE XXX. Error is corrected on Subsequent PCCD XXX

(No Data)

7.2.18 - Exception Satisfied.

Non-Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 30.09% Max 43% CFCFS1739: Postive mortgage payment history - Clayton Comments: Guidelines require 24 months mortgage history. Borrower has 34 months 0 X 30 days. Paid as agreed CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 6 months reserves required, borrower has 19.62 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 796. Min 720.

76

XXXXXX

NC

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4309

TRID - CD: The value for Cash to Close in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

CD XXX Table LE Column Cash to Close does not match Final LE XXX. Error is corrected on Subsequent PCCD XXX

(No Data)

7.2.18 - Exception Satisfied.

Non-Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 30.09% Max 43% CFCFS1739: Postive mortgage payment history - Clayton Comments: Guidelines require 24 months mortgage history. Borrower has 34 months 0 X 30 days. Paid as agreed CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 6 months reserves required, borrower has 19.62 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 796. Min 720.

412

XXXXXX

TN

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting original value $XXX

9/14/2018 Desk Review provided supports value with a XXX% variance.

9/14/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Verified $249,605.21 , Required $137,834.96 , Reserves $111,770.25 Reserves Required 6 months PITIA $3705.30= $22231.80 CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 43% current DTI 34.05% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Minimum credit score 720 current credit score 789

77

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed with the current employer for 19.14 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 34.90%; guideline maximum is 43%.

78

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

B

B

C

B

C

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

Satisfied. CD: XXX, Section: Loan Costs, Field: Is the Loan Costs Details section properly Survey Fee payable to listed as XXX. Corrected on subsequent CD dated XXX

(No Data)

(No Data)

Hybrid

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 811. Min 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 26.34%. Max 43%

78

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

B

B

C

B

C

A

A

A

B

B

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing Lender's ATR/QM status determination.

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 EXCEPTION SATISFIED

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 811. Min 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 26.34%. Max 43%

174

XXXXXX

IN

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $102,848.26, Required reserves $3392 x6 =$20,352.00 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 780 exceeds minimum required score of 720 by 60 points. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed with current employer for 15.73 years.

255

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Borrower has documented bonus income not being used or needed to qualify. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Loan score of 781 exceeds minimum required score of 700 by 81 points. CFCFS1744: DTI below guideline requirement - Clayton Comments: Calculated DTI of 38.32% is 4.68 points below max DTI allowed of 43%.

79

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 781. Minimum credit score for this program is 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 37.89%. Max DTI for this program is 43.00% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 17.92 months reserves.

413

XXXXXX

OH

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing XXX party property valuation supporting the appraised value of $XXX.

9/11/2018 Desk Review provided supports value with a XXX% variance.

9/11/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has 10 yrs 3 months with her current employer. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 11 years & 9 months with his current employer. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 772 exceeds minimum score of 720 by 52 points.

80

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Lender did not provide an ATR/QM status determination.

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: 33 years same profession CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with the same employer for 13.7. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Current mid score is 805. Minimum required is 720

6

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3676

TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation.

No

$XXX refund due to increase in Closing fees without a valid reason, Seller paid fees are to be included in tolerance comparison. Please provide Letter of explanation, corrected Closing Disclosure, refund, proof of delivery within 60 days of consummation.

5.15.18 Lender response- See attached the Seller paid fees are fees charged to the seller and not paid on the borrower’s behalf. There is no refund required. Please clear or specify what fees you deem caused tolerance issue. Clayton response; All fees are ultimately the responsibility of the borrower please provide attestation letter from the title company stating the seller paid these fees or COC showing they were seller responsibility. Escrow Fee. Exception remains 5.17.18 Lender response; As per your request the CD below shows the seller paid the fees also see paragraph h on the sales contract attached and see the seller and borrower agreed to pay half of the escrow fee.

5.15.18 Exception remains 5.17.18 Upon further senior review Sales Contract states both seller and borrower responsible for half of settlement costs. Exception Satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: The lender maximum debt to income ratio is 43%. The borrowers debt to income ratio is 17%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The Lender requires 6 Months PITIA on subject property. The borrower have 25.96 Months PITIA. CFCFS2854: Significant time in profession - Clayton Comments: Both borrowers have been in the same line of work for 10 years.

414

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4309

TRID - CD: The value for Cash to Close in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

CD XXX calculating cash to close table LE column of the GRID does not match the last LE issued XXX Corrected by PCCD XXX Satisfied.

(No Data)

9/7/2018: Exception satisfied.

Non-Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower (s) have $92,844.37 reserves after closing; PITI $3,425.44; 27.10 months PITIA. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 22.40% below guideline requirement of 43% by 20.60%

81

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1736: Significant time at current residence - Clayton Comments: 17 years 4 months at current residence CFCFS1734: Borrower has significant time at current job - Clayton Comments: borrower in same job 15 years

82

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

C

A

D

A

A

A

D

A

C

A

D

A

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing lender's QM status determination

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: 26.91% Max 43% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 782, minimum required is 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 101.78 mos. verified post close reserves, 6 months required

82

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

C

A

D

A

A

A

D

A

C

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR275

Completed "Subject To" w/o Completion Cert in File

No

1004D final inspection is missing from file

7.10.18 - Lender provided 1004D final inspection.

7.12.18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: 26.91% Max 43% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 782, minimum required is 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 101.78 mos. verified post close reserves, 6 months required

83

XXXXXX

MD

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER3122

Loan documents do not meet guideline requirements

No

Missing Amendment to Sales Contract reflecting updated Sales Price of $XXX

7/12/18 - Lender provided Amendment to Sales Contract reflecting updated Sales Price of $XXX

7/14/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has worked 21 years in his profession. CFCFS1736: Significant time at current residence - Clayton Comments: Co- Borrower has resided in their Previous residence property for 15.10 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower's mid score of 779 exceeded the guideline requirement of 720 by 59 points. CFCFS2860: Good credit history - Clayton Comments: Borrower has no late payments on their credit report in the last 36 months.

84

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation to support appraised value of $XXX

7/11/2018 Desk Review provided supports value with a XXX% variance.

7/11/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 771. Minimum credit score for this program is 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 125.65 months reserves. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 54.50%. Max LTV for this program is 75.00%

343

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD XXX other Costs Section F - HOI Payee shows as XXX Error corrected on Subsequent CD XXX

(No Data)

8.27.18 - Exception Satisfied.

Hybrid

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has worked for the same employer for over 8 years CFCFS2854: Significant time in profession - Clayton Comments: The borrower has worked in the same profession for 14 years CFCFS1737: LTV below guideline requirements - Clayton Comments: The LTV is 60%; up to 80% is allowed CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrower's credit score is 779, 59 points higher the required 720 score

343

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8.30.18 - Desk review provided with <XXX% variance.

8.30.18 - Exception satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has worked for the same employer for over 8 years CFCFS2854: Significant time in profession - Clayton Comments: The borrower has worked in the same profession for 14 years CFCFS1737: LTV below guideline requirements - Clayton Comments: The LTV is 60%; up to 80% is allowed CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrower's credit score is 779, 59 points higher the required 720 score

85

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

B

A

C

A

C

A

A

A

B

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA863

RESPA: Required Affiliate Business Disclosure missing

No

Required Affiliate Business Disclosure missing from file.

7.10.18 lender response ; lender email stating no affiliates

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 765; minimum per guidelines 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 34.92%; max per guidelines 43%

85

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

B

A

C

A

C

A

A

A

B

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing lender's QM status determination

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 765; minimum per guidelines 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 34.92%; max per guidelines 43%

226

XXXXXX

HI

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

B

A

A

A

C

A

C

A

B

A

A

A

Credit

Income/Employment

Satisfied

C

A

C

A

CRDINC150

Income docs do not meet guidelines

No

File contains XXX and XXX for B1 but not signed.

8/16/18 - Lender provided signed pages for XXX 1040s.

8/16/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender maximum DTI 43%. Borrowers DTI 37.58% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: $156,965.16 in reserves 20.51 months. 12 months required on subject and 6 months for non-subject or ($7,676.41 X 12 = $92,116.92) + ($3,751 * 6 = $22,506) = $114,622.92. CFCFS1737: LTV below guideline requirements - Clayton Comments: Lender max LTV/CLTV 80% Borrower LTV/CLTV 74.68/74.68%

226

XXXXXX

HI

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

B

A

A

A

C

A

C

A

B

A

A

A

Property Valuations

FEMA

Satisfied

B

A

B

A

PRVAFEMA856

Natural Disaster Area, no subsequent inspection (Public)

No

Appraisal date of XXX, no inspection since the XXX Disaster with Declaration date of XXX- Severe Storms, Flooding, Mudslides, and Landslides.

8/30/18 Property inspection received indicating no property damage.

8/30/18 Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender maximum DTI 43%. Borrowers DTI 37.58% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: $156,965.16 in reserves 20.51 months. 12 months required on subject and 6 months for non-subject or ($7,676.41 X 12 = $92,116.92) + ($3,751 * 6 = $22,506) = $114,622.92. CFCFS1737: LTV below guideline requirements - Clayton Comments: Lender max LTV/CLTV 80% Borrower LTV/CLTV 74.68/74.68%

86

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4299

TRID - CD: The value for Total Closing Costs in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

Refers to all CDs: The calculating cash to close table LE column of the GRID does not match the last LE issued XXX Requires corrected PCCD, LOX and verification sent to borrower.

7.13.18 Lender response; lender provided LE XXX that corresponds to final CD LE column cash to close

7.13.18 Exception satisfied

Non-Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 28.90%, Max is 43% CFCFS2860: Good credit history - Clayton Comments: All accts. are paid as agreed. Including past rental history. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score is 779, minimum required is 720

86

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

No

$XXX XXX tolerance due to increase in discount point fees from $XXX to $XXX Per CoC issued on XXX there was a loan lock, and increase in loan points on XXX ; however, there is not a revised Loan Estimate on file within XXX days of change. Requires corrected PCCD, copy of refund check, LOX and verification sent to borrower.

7.13.18 Lender provided final LE DATED XXX that corrects the tolerance issue

7.13.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 28.90%, Max is 43% CFCFS2860: Good credit history - Clayton Comments: All accts. are paid as agreed. Including past rental history. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score is 779, minimum required is 720

86

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Lender did not provide an ATR/QM status determination.

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 28.90%, Max is 43% CFCFS2860: Good credit history - Clayton Comments: All accts. are paid as agreed. Including past rental history. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score is 779, minimum required is 720

86

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

7.9.18 - Desk review provided showing XXX% variance

7.9.18 - Exception satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 28.90%, Max is 43% CFCFS2860: Good credit history - Clayton Comments: All accts. are paid as agreed. Including past rental history. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score is 779, minimum required is 720

87

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing Lender's ATR/QM status determination.

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 EXCEPTION SATISFIED

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 770. Minimum credit score for this program is 720. CFCFS2854: Significant time in profession - Clayton Comments: Borrower in her profession for 15 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 21.76 months cash reserves.

175

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

C

B

B

A

C

A

C

B

C

B

B

A

C

B

C

B

Compliance

TILA/RESPA Integrated Disclosure

Active

C

B

C

B

CMPTRID4147

TRID - Closing Disclosure; Optional designation missing from optional insurance product

No

CD's dated XXX- Other Costs Section H Home Warranty was charged- Missing "Optional" designation as required Borrower paid $XXX, Seller paid $XXX.

The initial Closing Disclosure dated XXX and the final Closing Disclosure dated XXX were delivered electronically to the borrower. Please see Disclosure Tracking and the eConsent below. Clayton response; Downgraded to Non-Material

8.9.18 Exception Remains

Non-Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $73,167.12 in post-closing reserves. 22.47 PITI months. Guidelines required 6 months for subject and 2 months for OREO. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: B2 has been in the current employment field for 10 years. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is for 108 months when 24 months are required.

175

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

C

B

B

A

C

A

C

B

C

B

B

A

C

B

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID3568

TRID - Error discovered on the Loan Estimate

No

LE's dated XXX Additional Information about this loan section- Missing State License ID Identifier Satisfied on Initial CD.

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $73,167.12 in post-closing reserves. 22.47 PITI months. Guidelines required 6 months for subject and 2 months for OREO. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: B2 has been in the current employment field for 10 years. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is for 108 months when 24 months are required.

175

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

C

B

B

A

C

A

C

B

C

B

B

A

C

B

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD's dated XXX Other Costs section E- Formatting incorrect- Recording fees are not itemized CD dated XXX satisfied this error

(No Data)

(No Data)

Hybrid

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $73,167.12 in post-closing reserves. 22.47 PITI months. Guidelines required 6 months for subject and 2 months for OREO. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: B2 has been in the current employment field for 10 years. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is for 108 months when 24 months are required.

175

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

C

B

B

A

C

A

C

B

C

B

B

A

C

B

C

B

Credit

Application

Satisfied

B

A

B

A

CRDAPP2658

Missing 3rd-party anti-fraud report

No

Missing fraud report.

08.13.18 Lender provide satisfactory XXX report. Exception satisfied.

08.13.18 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $73,167.12 in post-closing reserves. 22.47 PITI months. Guidelines required 6 months for subject and 2 months for OREO. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: B2 has been in the current employment field for 10 years. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is for 108 months when 24 months are required.

175

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

C

B

B

A

C

A

C

B

C

B

B

A

C

B

C

B

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

Desk review reported a -XXX% variance with a value of XXX, and the original appraisal value is $XXX. A field review is required.

8/21/18 Field review received supporting original appraisal value within tolerance.

8/21/18 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $73,167.12 in post-closing reserves. 22.47 PITI months. Guidelines required 6 months for subject and 2 months for OREO. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: B2 has been in the current employment field for 10 years. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is for 108 months when 24 months are required.

88

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

D

A

D

A

A

A

D

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

File is missing Initial CD and no Confirmation of Receipt XXX days prior to Consummation. Earliest CD in file issued XXX and Signed day of Consummation XXX

7.31.18 Lender provided initial CD dated XXX that was e signed on XXX

8.1.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $384,116.13; 59.45 months PITIA. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 791. Minimum credit score required for this program is 720. CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Bonus income not used to qualify.

88

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

D

A

D

A

A

A

D

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID4579

TRID - CD: Missing Initial CD

No

File is missing Initial CD and no Confirmation of Receipt XXX days prior to Consummation. Earliest CD in file issued XXX and Signed day of Consummation XXX.

7.31.18 Lender provided Initial CD

8.1.18 EXCEPTION SATISFIED

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $384,116.13; 59.45 months PITIA. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 791. Minimum credit score required for this program is 720. CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Bonus income not used to qualify.

88

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

D

A

D

A

A

A

D

A

D

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation to support appraised value of $XXX

7/11/2018 Desk Review provided supports value with a XXX% variance.

7/11/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $384,116.13; 59.45 months PITIA. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 791. Minimum credit score required for this program is 720. CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Bonus income not used to qualify.

89

XXXXXX

IL

QM: Safe Harbor

QM: Safe Harbor

D

B

C

A

D

A

B

B

D

B

C

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4226

TRID - CD: The total Loan Costs [Borrower Paid at closing] amount disclosed in the CD Loan Costs section does not equal its component parts

No

CD: XXX, Loan Costs, Section D: $XXX is not consistent with the actual total fees of $XXX

7.25.18 Lender provided PC CD dated XXX correcting Loan Cost section D

7.26.18 Exception Satisfied

Numeric

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: B1 has been in the same profession for 15 years CFCFS1739: Postive mortgage payment history - Clayton Comments: 21 mos. reviewed 0 X30 days CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified post close reserves of 41.87 mos, 6 months required

89

XXXXXX

IL

QM: Safe Harbor

QM: Safe Harbor

D

B

C

A

D

A

B

B

D

B

C

A

D

A

B

B

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing lender's QM status determination

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: B1 has been in the same profession for 15 years CFCFS1739: Postive mortgage payment history - Clayton Comments: 21 mos. reviewed 0 X30 days CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified post close reserves of 41.87 mos, 6 months required

89

XXXXXX

IL

QM: Safe Harbor

QM: Safe Harbor

D

B

C

A

D

A

B

B

D

B

C

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

7/9/2018 Desk Review provided supports value with a XXX% variance.

7/9/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: B1 has been in the same profession for 15 years CFCFS1739: Postive mortgage payment history - Clayton Comments: 21 mos. reviewed 0 X30 days CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified post close reserves of 41.87 mos, 6 months required

227

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been a XXX in XXX for 31 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: Back DTI is below the guideline requirement of 43% CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit Report is showing 0x30 for 39 months CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 26+ months cash reserves

373

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

C

B

C

B

A

A

C

B

C

B

C

B

A

A

C

B

Compliance

Federal Consumer Protection

Active

C

B

C

B

CMPFDCP3206

NMLS License verification found Loan Originator Name does not match ID

No

Documentation shows Lender name as XXX; XXX website shows lender as XXX Bank with variation as XXX Mortgage, a division of XXX.

9/13/18 - Lender response - XXX merged with XXX as of XXX. The Final 1003 for this file showing XXX , XXX number as XXX ( which is now associated with XXX), and XXX

9/18/18 - Exception downgraded to non-material. Initial grade is incorrect. Clayton considers this issue non-material.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed in current line of business for 25+ years. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has occupied the subject property as their primary residence for 10+ years. CFCFS1739: Postive mortgage payment history - Clayton Comments: 41 mos. reviewed on credit. 0X30 days. Paid as agreed.

373

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

C

B

C

B

A

A

C

B

C

B

C

B

A

A

C

B

Credit

Assets

Active

C

B

C

B

CRDAST206

Asset Amounts Are Unsupported by Documentation in File

No

Use of business assets requires certification from independent XXXrd party is missing from file. Current verification is from employee.

9/5/18 - Lender response - this was outlined in VERDICT and Underwriter was willing to accept this to meet our guideline which they are empowered to do.

9/6/18 - Downgraded to non-material, Lender Underwriter approved loan with letter from employee. Loan has strong compensating factors.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed in current line of business for 25+ years. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has occupied the subject property as their primary residence for 10+ years. CFCFS1739: Postive mortgage payment history - Clayton Comments: 41 mos. reviewed on credit. 0X30 days. Paid as agreed.

373

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

C

B

C

B

A

A

C

B

C

B

C

B

A

A

C

B

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

9.4.18 - Desk review provided with <XXX% variance.

9.4.18 - Exception satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed in current line of business for 25+ years. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has occupied the subject property as their primary residence for 10+ years. CFCFS1739: Postive mortgage payment history - Clayton Comments: 41 mos. reviewed on credit. 0X30 days. Paid as agreed.

176

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

C

A

A

A

C

B

A

A

C

B

A

A

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

A desk review was received with a reported value of $XXX which is a variance of –XXX% less than the original appraised value of $XXX. A field review is recommended to support the original appraised value.

8/21/18 Field review received supporting original appraisal value within tolerance.

8/21/18 Exception satisfied.

(No Data)

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: 22 mos. reviewed. 0X 30 days CFCFS1734: Borrower has significant time at current job - Clayton Comments: 5+ years current job time CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $41,837.84 after closing. 11.43 mos.

177

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CMPATRQM2900

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Clayton's status determination places loan in a riskier status than the Lender's status determination.

No

Lender declared safe harbor status. Loan is non QM due to points and fees exceeding 3%.

8.13.18 Lender response; Bona Fide discount points allow for an acceptable QM points and fees testing, Lender provided Due diligence template that shows begging rate of XXX

8.13.18 -Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 771 qualifying score. Min required per guidelines is 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 8 years. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 4 years.

177

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD XXX Loan Costs Title - Mobile Notary payee being disclosed as TBD. Corrected on subsequent CD. Satisfied.

(No Data)

8/4/2018: Exception satisfied.

Hybrid

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 771 qualifying score. Min required per guidelines is 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 8 years. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 4 years.

177

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

File is missing evidence that the initial CD XXX was acknowledged by borrower 1 at least 3 business days prior to consummation.

8.10.18 lender provided E Disclosure Summary CD XXX Acknowledged on XXX

8.12.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 771 qualifying score. Min required per guidelines is 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 8 years. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 4 years.

178

XXXXXX

NV

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Borrowers have $42,648.88 in reserves; 13.71 months PITI. Guidelines require 6 months for subject ($3,111.04 x 6 =$18,666.24); CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI qualified at 22.23%, max DTI 43%.

90

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

C

A

D

A

A

A

D

A

C

A

D

A

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing Lender's ATR/QM status determination.

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 774. Minimum credit score for this program is 720. CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Income from co-borrower not used to qualify. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Consumer credit depth 205 months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 23.40 months cash reserves

90

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

C

A

D

A

A

A

D

A

C

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting appraised value of $XXX

7/10/2018 Desk Review provided supports value with a XXX% variance.

7/10/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 774. Minimum credit score for this program is 720. CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Income from co-borrower not used to qualify. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Consumer credit depth 205 months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 23.40 months cash reserves

344

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 763, which is 43 points higher than the guideline requirement of 720. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same industry for the last 25 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $43,542.40 in post-closing reserves, which is $19,379.40 more than the guideline required amount of $24,163.00.

345

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4284

TRID - CD: The value for Seller Credits in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

CD XXX Calculating Cash to Close table LE column of the GRID does not match the last LE issued XXX. Corrected by PCCD XXX. Satisfied.

(No Data)

8/27/2018: Exception satisfied.

Non-Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 779, which is 59 points higher than the guideline requirement of 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Final CD required funds to close of $175,813.10. Statements in file supported assets of $471,572.80 with reserves of $295,759.70. 6 months reserves required with a loan amount CLTV > 80% requires 6 months reserves ($6153.01 x 6 =$36,918.06) CFCFS1744: DTI below guideline requirement - Clayton Comments: Dti is 36.65%, which is 6.35% less than guideline max of 43.0%

91

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

C

A

D

A

A

A

D

A

C

A

D

A

A

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing lender's QM status determination

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 46.82 months in verified post clsg reserves, 6 months required CFCFS1739: Postive mortgage payment history - Clayton Comments: 26 mos. reviewed-0 X30 days CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 750, minimum required is 720%

91

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

C

A

D

A

A

A

D

A

C

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

7.7.18 - Desk review provided with XXX% variance

7.7.18 - Exception satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 46.82 months in verified post clsg reserves, 6 months required CFCFS1739: Postive mortgage payment history - Clayton Comments: 26 mos. reviewed-0 X30 days CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 750, minimum required is 720%

92

XXXXXX

OR

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

Written List of Providers not provided .

7.12.18 Lender provided SPL dated XXX

7.13.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 35.22%. Max DTI for this program is 43% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 771. Minimum credit score for this program is 720. CFCFS2854: Significant time in profession - Clayton Comments: Borrower in his profession for 30 years.

92

XXXXXX

OR

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID3776

TRID - LE or CD does not meet TRID requirements

No

LE XX, LE XXX, Additional Information about this loan, License state missing from form. Can be satisfied B with client consent.

7.16.18 LENDER RESPONSE; The LE cannot be corrected after closing please clear.

7.17.18 Upon further senior review state licensing disclosed on final CD. EXCEPTION SATISFIED

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 35.22%. Max DTI for this program is 43% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 771. Minimum credit score for this program is 720. CFCFS2854: Significant time in profession - Clayton Comments: Borrower in his profession for 30 years.

92

XXXXXX

OR

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

No

$XXX refund due to increase in loan costs ( seller paid Government lien search and Settlement fee) outside of XXX tolerance at or prior to closing without a valid reason or timely disclosed. Clayton includes seller paid fees in XXX% tolerance comparison. No service provider list was provided.

7.16.18 Lender provided SPL See attached XXX issued on XXX showing the Settlement Service fee of $XXX was disclosed to the borrower. The Seller fee of $XXX should also be considered as disclosed. The $XXX is not a Borrower fee and should not be considered in the XXX tolerance for the borrower

7.17.18 EXCEPTION SATISFIED

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 35.22%. Max DTI for this program is 43% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 771. Minimum credit score for this program is 720. CFCFS2854: Significant time in profession - Clayton Comments: Borrower in his profession for 30 years.

256

XXXXXX

GA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 25 months verified reserves. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage pay history 0x30, 31 months reporting. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 13 years job time.

453

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4284

TRID - CD: The value for Seller Credits in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

Please provide a revised CD with the corrected values in the LE column of the Calculating cash to close section, or the Final LE that corresponds to the final CD. Please provide a copy of the revised CD along with an LOX and verification CD was sent to borrower.

9.20.18 Lender response ; Value on Final CD matches the last LE

9.21.18 Upon further senior review Exception Satisfied on PC CD dated XXX

Non-Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 30.56%, max per guidelines is 43%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 20 years CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been employed for 4 years

453

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4299

TRID - CD: The value for Total Closing Costs in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

Please provide a revised CD with the corrected values in the LE column of the Calculating cash to close section, or the Final LE that corresponds to the final CD. Please provide a copy of the revised CD along with an LOX and verification CD was sent to borrower.

9.20.18 Lender provided Value on Final CD matches the last LE

9.21.18 Upon further senior review Exception Satisfied on PC CD dated XXX

Non-Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 30.56%, max per guidelines is 43%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 20 years CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been employed for 4 years

453

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD's dated XXXXXX) Other Costs section (F) section: Missing # of months for property taxes. CD dated XXX satisfied the error.

(No Data)

(No Data)

Hybrid

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 30.56%, max per guidelines is 43%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 20 years CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been employed for 4 years

359

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID3826

TRID - CD: The total Origination Charges amount disclosed in the CD Loan Costs section does not equal its component parts

No

Satisfied on Final CD XXX. cd XXX: loan costs screen: section A; total fee's dont total claytons calculation total. corrected on final cd XXX.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: 6 years and 6 months with the same employer. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Sean has been with the same employer for 9 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Minimum score is 720, borrowers score is 784.

359

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4225

TRID - CD: The total Loan Costs [Borrower Paid] amount disclosed in the CD Loan Costs section does not equal its component parts

No

Satisfied on Final CD XXX. cd XXX: loan costs screen: section d: total of XXX does not equal clayton calculation total of XXX. corrected on final cd XXX.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: 6 years and 6 months with the same employer. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Sean has been with the same employer for 9 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Minimum score is 720, borrowers score is 784.

359

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4284

TRID - CD: The value for Seller Credits in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

Satisfied on PCCD XXX. Seller credits on final CD does not match values on final LE. This was corrected on PCCD.

(No Data)

(No Data)

Non-Numeric

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: 6 years and 6 months with the same employer. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Sean has been with the same employer for 9 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Minimum score is 720, borrowers score is 784.

359

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4299

TRID - CD: The value for Total Closing Costs in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

The value for total closing costs in the LE column on the final LE XXX does not equate to the final CD XXX or PCCD XXX.

9.5.18 Lender provided LE dated XXX that corresponds to the LE column of the final CD XXX

9.6.18 Exception Satisfied

Non-Numeric

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: 6 years and 6 months with the same employer. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Sean has been with the same employer for 9 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Minimum score is 720, borrowers score is 784.

359

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4309

TRID - CD: The value for Cash to Close in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

The value for cash to close on the final LE XXX does not match the final CD XXX or the PCCD XXX.

9.5.18 Lender provided LE dated XXX that corresponds to the LE column of the final CD XXX

9.6.18 Exception Satisfied

Non-Numeric

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: 6 years and 6 months with the same employer. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Sean has been with the same employer for 9 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Minimum score is 720, borrowers score is 784.

359

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

Satisfied on final CD XXX. cd XXX: loan costs screen: section A; total fee's dont total claytons calculation total. corrected on final cd XXX. cd XXX: loan costs screen: section d: total of XXX does not equal clayton calculation total of XXX. corrected on final cd XXX.

(No Data)

(No Data)

Hybrid

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: 6 years and 6 months with the same employer. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Sean has been with the same employer for 9 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Minimum score is 720, borrowers score is 784.

228

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

Final CD XXX Other Costs section, Field E: Mortgage/Deed portion of recording fees are required to be itemized, satisfied on PCCD XXX

(No Data)

(No Data)

Hybrid

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: 32 mos. reviewed. 0X30 days CFCFS1736: Significant time at current residence - Clayton Comments: B1 10 years-departure home CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $105,703.80 reserves after closing. 28.95 mos.

180

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD XXX and CD XXX loan costs section B missing payee name for Title - CPL Fee. Corrected on PCCD XXX. Satisfied.

(No Data)

7/31/2018: Exception satisfied.

Hybrid

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: 56 mos. mtg. history reviewed 0X30 days. Paid as agreed.

180

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

Most recent value XXX CDA dated XXX. Value of $XXX per appraisal provided XXX is not supported -XXX% variance.

8/27/18 Field review received supporting original appraisal value within tolerance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: 56 mos. mtg. history reviewed 0X30 days. Paid as agreed.

181

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

B

A

A

A

B

A

A

Property Valuations

Value

Satisfied

N/A

A

N/A

B

PRVAVALU153

Value Not Supported

No

Valuation variance outside of tolerance. Field review recommended.

8/21/18 Field review received supporting original appraisal value within tolerance.

8/21/18 Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 25.28%, max per guidelines is 43%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 781 qualifying score. Min required per guidelines is 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 16.03 months excess cash reserves.

374

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated CDA supporting original value of $XXX.

9/05/2018 Desk Review provided supports value with a XXX% variance.

9/05/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified $64,979.93 , Required $0.00, Reserves $64,979.93 , Reserves Required $5321.48 X 6 = $31928.88 CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: No Mortgage late payments reported within the past 24 months. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Credit report shows no lates payments in last 24 months

257

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Borrowers have $48,613.01 in reserves;11.78 months PITAI. Guidelines require 6 months for subject ($4,127.75x 6 =$24,766.50); an additional 2 months reserves required for each additional REO ($2,593.16*2=$5186.32) Total required reserves are $29,952.82. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 35.91%, Maximum allowable DTI is 43%.

229

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with the same Employer XXX for 9 years CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been a XXX for 9 years CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history of 65 months exceeds guideline requirement of 24 months CFCFS1739: Postive mortgage payment history - Clayton Comments: Credit report is showing 0x30 for 65 months CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrower DTI of 35.31% exceeds guideline requirement of 43 %

230

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

B

A

A

A

D

B

D

B

B

A

A

A

D

B

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

Missing Verification of Employment for XXX. B1 have two jobs; XXX. Per W2s, the businesses have separate identification numbers.

8/21/18 - Lender response - See attached VOE completed XXX. 8/23/18 - Clayton VVOE provided from XXX was already in file. Missing Verbal VOE from XXX. 8/24/18 - VVOE provided from XXX.

8/23/18 - Exception remains 8/24/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 766 qualifying score. Min required per guidelines is 720. CFCFS1736: Significant time at current residence - Clayton Comments: Co-Borrower has resided in current owner occupied residence for 40 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 16 years and 10 months.

230

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

B

A

A

A

D

B

D

B

B

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID3730

TRID - Error #2 discovered on Closing Disclosure

No

CD XXX Calculating cash to close table, adjustment and other credits has a change is values. Missing reason for change. Corrected by PCCD.

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 766 qualifying score. Min required per guidelines is 720. CFCFS1736: Significant time at current residence - Clayton Comments: Co-Borrower has resided in current owner occupied residence for 40 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 16 years and 10 months.

230

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

B

A

A

A

D

B

D

B

B

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD XXX: Loan costs section, payee name for, Title - Courier fees, Title - Notary Fee, and XXX Hazard Disclosure fee are disclosed as "TBD." The actual name of the company/person being paid should be disclosed. Corrected on subsequent CD.

(No Data)

(No Data)

Hybrid

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 766 qualifying score. Min required per guidelines is 720. CFCFS1736: Significant time at current residence - Clayton Comments: Co-Borrower has resided in current owner occupied residence for 40 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 16 years and 10 months.

230

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

B

A

A

A

D

B

D

B

B

A

A

A

D

B

Credit

Income/Employment

Satisfied

B

A

B

A

CRDINC2496

Verbal verification of employment completed outside the stated requirements and/or after closing/funding

No

Missing Verification of Employment for XXX. B1 have XXX jobs; XXX. Per W2s, the businesses have separate identification numbers.

8/21/18 - Lender response - See attached VOE completed XXX. 8/23/18 - Clayton VVOE provided from XXX was already in file. Missing Verbal VOE from XXX. 8/24/18 - VVOE provided from XXX.

8/23/18 - Exception remains. 8/24/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 766 qualifying score. Min required per guidelines is 720. CFCFS1736: Significant time at current residence - Clayton Comments: Co-Borrower has resided in current owner occupied residence for 40 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 16 years and 10 months.

360

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID3676

TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation.

No

XXX% Tolerance Violation of $XXX due to Recording Fee increase from $XXX to $XXX Recording Fee Decreased to $XXX on PCCD XXX.

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score 744. Min 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 9 years 10 months good stable employment history

360

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD XXX Loan Costs Section C Doc Fee and Wire Fee show TBD as Payee. Other Costs Section F no Payee for HOI. Errors are corrected on Subsequent CD XXX.

(No Data)

(No Data)

Hybrid

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score 744. Min 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 9 years 10 months good stable employment history

360

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

8/30/18 - Received valuation. $XXX. XXX% variance.

8/30/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score 744. Min 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 9 years 10 months good stable employment history

182

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $80,324.31: reserves after closing: 20.63 months PITI. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The lender minimum credit score is 720. The borrower credit score is 791.

318

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

A

A

D

A

D

A

D

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2550

Missing HUD-1 from sale of property

No

Missing executed HUD-1 from the sale of XXX evidencing proceeds of $XXX to support large deposit into acct #XXX at XXX.

8/22/18 - Lender provided Settlement statement. Cash to seller $XXX.

8/23/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender maximum DTI 43% Borrower DTI 27.303% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lender minimum FICO 720 Borrower FICO 765 CFCFS1739: Postive mortgage payment history - Clayton Comments: Borrower has no delinquent mortgage payments

318

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

A

A

D

A

D

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the original appraised value of $XXX.

8/27/2018 Desk Review provided supports value with a XXX% variance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender maximum DTI 43% Borrower DTI 27.303% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lender minimum FICO 720 Borrower FICO 765 CFCFS1739: Postive mortgage payment history - Clayton Comments: Borrower has no delinquent mortgage payments

398

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3564

TRID - There is at least one revised Loan Estimate or Closing Disclosure containing a change that is not documented or supported in the file

No

The lender issued an LE dated XXX that was not supported by documentation for changed disclosed to the borrower.

9.13.18 Lender provided XXX for change on LE XXX.

9.14.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer since 2006, 12 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $172,204.96 in post-closing reserves, which is $146,566.24 more than the guideline required amount of $25,638.72, or 40.30 months in reserves of subject PITIA. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 30.93%, which is 12.07% less than guideline maximum of 43.0%.

398

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/12/18 - Received valuation $XXX. -XXX% variance.

9/12/18- Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer since 2006, 12 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $172,204.96 in post-closing reserves, which is $146,566.24 more than the guideline required amount of $25,638.72, or 40.30 months in reserves of subject PITIA. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 30.93%, which is 12.07% less than guideline maximum of 43.0%.

319

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3552

TRID - Loan Estimate not timely

No

The initial loan estimate was issued XXX which is not within 3 days of initial application date of XXX.

8.23.18 Lender response; Initial Disclosures were sent on the 3rd day. Saturday should not be included in your calculations.

8.23.18 Exception satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in current profession for 19 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying score of 799 exceeds minimum required per guidelines of 680. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified post closing cash reserves of $72,923.30 or 19.37 months which exceeds minimum required per guidelines of 6 months.

319

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing XXX party property valuation supporting the appraised value of $XXX.

8/27/2018 Desk Review provided supports value with a XXX% variance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in current profession for 19 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying score of 799 exceeds minimum required per guidelines of 680. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified post closing cash reserves of $72,923.30 or 19.37 months which exceeds minimum required per guidelines of 6 months.

258

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender maximum DTI 43% Borrower DTI 24.23% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 36.43 months verified reserves. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payments made with no late payments

320

XXXXXX

NV

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

A

A

D

A

D

A

D

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2642

Missing proof that HELOC has been paid and closed to future draws

No

Missing signed statement from Borrower requesting HELOC with XXX to be closed.

8/21/18 - Lender response - Attached signed letter to close HELOC with XXX.

8/21/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 70% is below the guideline requirement of 75% CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 37.74% is below the guideline requirement of 43% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 766 exceeds guidelines of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Prior mortgage payment history shows 0x30 for 53 months CFCFS2860: Good credit history - Clayton Comments: Credit report is showing no late pays in 72 months

320

XXXXXX

NV

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

A

A

D

A

D

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation to support original appraisal value of $XXX.

8/28/2018 Desk Review provided supports value with a XXX% variance.

8/28/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 70% is below the guideline requirement of 75% CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 37.74% is below the guideline requirement of 43% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 766 exceeds guidelines of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Prior mortgage payment history shows 0x30 for 53 months CFCFS2860: Good credit history - Clayton Comments: Credit report is showing no late pays in 72 months

183

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2854: Significant time in profession - Clayton Comments: B1 20 years in same profession CFCFS1744: DTI below guideline requirement - Clayton Comments: 35.26% Max 43% CFCFS1739: Postive mortgage payment history - Clayton Comments: 40 mos. reviewed. 0X30 days. Paid as agreed.

432

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing XXX party property valuation supporting the appraised value of $XXX.

9/20/2018 Desk Review provided supports value with a XXX% variance.

9/20/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: 33 months mortgage history with no late pays. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower has been on her job 9 years and 6 months. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 21.95% is 18.05% lower than maximum score of 40%

346

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8.29.18 - Desk Review provided supports value with a XXX% variance.

8.29.18 - Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 751 qualifying score. Min required per guidelines is 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX for 6 years. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 4 years

259

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

B

C

B

A

A

A

A

C

B

C

B

A

A

A

A

Credit

Income/Employment

Active

C

B

C

B

CRDINC888

Income Amount is Unsupported by Documentation in File

No

Missing consecutive pay stubs to support 30 days of YTD income for B2. Pay stub in file is dated XXX and is the XXX pay for B2's new employment. B2 is paid Bi-weekly.

8/16/18 - Lender response - We acknowledge we did not obtain a pay stub or pay stubs that covered a full 30 days' worth of earnings, but feel we have sufficient documentation that includes the independent verification of employment and the employment letter, all attached, but also contained in the loan file, to provide a level assurance as to the income stream so can we accept what has been provided to clear this issue or down grade the findings to a Grade B. 8/20/18 - Clayton - XXX years employment history verified.

8/20/18 - Down grade to Non material 2 years employment history verified.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same profession as a Lead Manufacture for 7 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 757 exceeds guidelines of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report shows 0x30 for 43 months CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 28.77% is below the guideline requirement of 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves exceed 20 months CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with the same employer XXX for 5.11 years

321

XXXXXX

OR

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8/27/2018 Desk Review provided supports value with a -XXX% variance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 24.5% maximum is 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $324,495.11 reserves after closing.103.95 months PITIA. Liquid reserves in the amount of $16,894.35 / $3121.55 PITI = 5 months liquid reserves.

288

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Guidelines require a minimum score of 700; subject has a qualifying score of 779. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Final CD required funds to close of $183,400.49. Statements in file supported assets of $246,482.22 with reserves of $63,081.73 Six months reserves required with a loan amount <$1MM< 80% LTV ($5,488.19 x 6 =$32,929

289

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

Finance Charge Tolerance

Satisfied

B

B

B

B

CMPFINT106

Finance charge understated by more than $100 (Pmt Stream)

No

CD XXX Finance charge understated by more than $XXX (Pmt Stream), difference of $XXX. Tested Post Close CD XXX and verified error is Corrected.

(No Data)

8.14.18 - Exception Satisfied.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report shows Mortgage payment history for 68 months CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves exceed 23 months CFCFS1739: Postive mortgage payment history - Clayton Comments: Credit report shows 0x30 for 68 months CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been at current job XXX for 12 years CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co Borrower has been with the same employer XXX for12 years CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have lived in and owned their current residence for 6 years CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same XXX profession for 25 years

289

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

Finance Charge Tolerance

Satisfied

B

B

B

B

CMPFINT4372

TILA/TRID-Disclosed Amount Financed is higher than Clayton's calculated Amount Financed

No

Disclosed Amount Financed is higher than Clayton's calculated Amount Financed by $XXX. Tested Post Close CD XXX and verified error is Corrected.

(No Data)

8.14.18 - Exception Satisfied.

Numeric

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report shows Mortgage payment history for 68 months CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves exceed 23 months CFCFS1739: Postive mortgage payment history - Clayton Comments: Credit report shows 0x30 for 68 months CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been at current job XXX for 12 years CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co Borrower has been with the same employer XXX for12 years CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have lived in and owned their current residence for 6 years CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same XXX profession for 25 years

322

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4284

TRID - CD: The value for Seller Credits in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

The value for Seller Credits in the LE column of the CD XXX Calculating Cash to Close table (-$XXX) is different from the value disclosed on the last LE XXX. Error is Corrected on Subsequent PCCD XXX

(No Data)

8.17.18 - Exception Satisfied.

Non-Numeric

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Rental payment history 5+ years exceeds guidelines of 12 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 766 exceeds guidelines of 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 23.93% is below guideline requirement of 43% CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Written VOE for both B1 and B2 show 24+ months of additional Bonus income not used in qualifying. CFCFS2860: Good credit history - Clayton Comments: Credit Report shows 0 zero late pays for 54 months

322

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4309

TRID - CD: The value for Cash to Close in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

The value for Cash to Close in the LE column of the CD XXX Calculating Cash to Close table ($XXX) is different from the value disclosed on the last LE XXX). Error is Corrected on Subsequent PCCD XXX.

(No Data)

8.17.18 - Exception Satisfied.

Non-Numeric

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Rental payment history 5+ years exceeds guidelines of 12 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 766 exceeds guidelines of 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 23.93% is below guideline requirement of 43% CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Written VOE for both B1 and B2 show 24+ months of additional Bonus income not used in qualifying. CFCFS2860: Good credit history - Clayton Comments: Credit Report shows 0 zero late pays for 54 months

322

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

8/27/2018 Desk Review provided supports value with a XXX% variance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Rental payment history 5+ years exceeds guidelines of 12 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 766 exceeds guidelines of 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 23.93% is below guideline requirement of 43% CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Written VOE for both B1 and B2 show 24+ months of additional Bonus income not used in qualifying. CFCFS2860: Good credit history - Clayton Comments: Credit Report shows 0 zero late pays for 54 months

433

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

9/20/2018 Desk Review provided supports value with a XXX% variance.

9/20/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified post closing reserves of 49 months ($311,852.07) minimum 12 PITI reserves per guidelines for $75,704.72 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score is 756; minimum fico 720 required CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been XXX for 8 years CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: B2 has been XXX for 4 years

375

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/05/2018 Desk Review provided supports value with a XXX% variance.

9/05/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower has been with current employer for7 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a qualifying credit score of 789, which is 69 points higher than the guideline requirement of 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $114,687.06 in post-closing reserves, which is $83,099.46 more than the guideline required 6 months reserves for the subject property of $31,587.60. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 33.21%, which is 9.79% below guideline maximum of 43.0%

399

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting the $XXX value.

9/12/2018 Desk Review provided supports value with a XXX% variance.

9/12/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 57.28 %; max allowed per guidelines is 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 772 qualifying score. Min required per guidelines is 720 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 5 years. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been employed for 6 years.

347

XXXXXX

ID

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

The file is missing the Written List of Service Providers disclosure.

8.31.18 Lender provided Written List of Service Providers disclosure.

9.4.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Per WVOE, borrower earns "other" income not used in qualification. CFCFS1750: High potential for increased earnings - Clayton Comments: Both borrowers are XXX who recently entered the XXX field. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $218,174.43 verified cash reserves or 32.09 months PITIA; per guidelines, 6 months PITIA is required. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 20.70%; Max DTI allowable is 43.00%.

347

XXXXXX

ID

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

The file is missing evidence that the initial CD was acknowledged at least 3 business days prior to consummation.

8.31.18 Lender response; The initial CD is dated XXX with the closing date being XXX it meets disclosure delivery requirements even with the mail box rule.

9.4.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Per WVOE, borrower earns "other" income not used in qualification. CFCFS1750: High potential for increased earnings - Clayton Comments: Both borrowers are XXX who recently entered the XXX field. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $218,174.43 verified cash reserves or 32.09 months PITIA; per guidelines, 6 months PITIA is required. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 20.70%; Max DTI allowable is 43.00%.

361

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting the $XXX value.

8.29.18 - Desk Review provided supports value with a XXX% variance.

8.29.18 - Exception satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 4 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 57.41%; max allowed per guidelines is 80%. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 4 years

376

XXXXXX

OR

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/05/2018 Desk Review provided supports value with a -XXX% variance.

9/05/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $67,856.49 in post-closing reserves, which is $47,131.33 more than the guideline required amount of $20,725.16, or 19 months in reserves of subject PITIA. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is for 74 months when 24 months are required. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been with current employer since 2003, 15 years.

445

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA863

RESPA: Required Affiliate Business Disclosure missing

No

The file is missing the affiliated business disclosure.

9.18.18 Lender provided Affiliated Business Disclosure

9.19.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 28 months reserves CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 30.39%. Max DTI for this program is 43.00% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 783. Minimum credit score for this program is 720.

348

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8/29/2018 Desk Review provided supports value with a -XXX% variance.

8/29/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash to close required is $124,072.70. Statements in file supported assets of $157,172.35 with reserves of $33,099.65. 6 months reserves required with a loan amount <$1MM< 80% LTV ($2,792.48 x 6 =$16,754.88). CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 776, which is 56 points higher than the guideline requirement of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: Dti is 23.36%, which is 19.64% less than guideline max of 43.0%

349

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower has a median credit score of 778, which is 58 points higher than the guideline requirement of 720. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has a median credit score of 778, which is 58 points higher than the guideline requirement of 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $1,232,127.75 in post-closing reserves, which is $1,157,049.91 more than the guideline required amount of $75,077.84. Total of 204.47 months in reserves of subject PITIA. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 29.20%, which is 13.80% less than guideline max of 43.0%

377

XXXXXX

NV

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4284

TRID - CD: The value for Seller Credits in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

The Seller Credit value $-XXX on the final CD dated XXX is different the value-XXX on the LE column of the final CD. Exception Satisfied. Issue corrected on PCCD dated XXX: Section Calculation Cash to Close, seller credits -XXX.

(No Data)

8.31.18-Upon further review, exception satisfied.

Non-Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 777 qualifying score. Min required per guidelines is 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 22 years.

377

XXXXXX

NV

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4309

TRID - CD: The value for Cash to Close in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

The Cash to Close value on the Final CD XXX $XXX is different then the value $XXX disclosed on the final LE. Exception satisfied. Issue corrected on subsequent PCCD dated XXX, section Calculation Cash to Close Loan Estimated Cash to Close value $XXX.

(No Data)

8.31.18-Upon further review, exception satisfied.

Non-Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 777 qualifying score. Min required per guidelines is 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 22 years.

377

XXXXXX

NV

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting the $XXX value.

9/05/2018 Desk Review provided supports value with a -XXX% variance.

9/05/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 777 qualifying score. Min required per guidelines is 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 22 years.

323

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

8/27/2018 Desk Review provided supports value with a XXX% variance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 9 years 3 months at the current job. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score of 780 exceeds Program Guidelines of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 31.02% is below Program Guidelines of 43.00% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 56.50% is below Program Guidelines of 80.00% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 33 years in their profession.

465

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

cd XXX: projected payment screen: does not list the name of the escrow not being escrowed. Only states other. corrected on post close cd XXX. cd XXX: other costs screen: section f: does not list the # of months for hoi.corrected on post close cd XXX Exception Satisfied.

(No Data)

9.19.18-Upon further review, exception satisfied.

Hybrid

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has been XXX for 8 years CFCFS2854: Significant time in profession - Clayton Comments: The borrower has worked in the same profession for 15 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrower's credit score is 761, 41 points above the required 720

465

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation to support appraised value of $XXX

9/21/2018 Desk Review provided supports value with a XXX% variance.

9/21/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has been XXX for 8 years CFCFS2854: Significant time in profession - Clayton Comments: The borrower has worked in the same profession for 15 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrower's credit score is 761, 41 points above the required 720

362

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Active

B

B

B

B

CMPTRID5019

TRID - Closing Disclosure; Optional designation missing from optional insurance product

No

CD XXX Other costs section, Field H: Borrower portion paid of Home Warranty is missing optional designation.

8.31.18 Lender response; The optional designation for the Home Warranty fee is not needed as the fee is placed under the other section of the CD. Also, our system does not allow for us to freeform type the word "optional" next to the Home Warranty fee. Clayton response; The parenthetical description “(optional)” shall appear at the end of the label for costs designated borrower-paid at or before closing for any premiums paid for separate insurance, warranty, guarantee, or event-coverage products. Exception Remains

9.4.18 Exception Remains

Non-Numeric

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: The borrower has 33 mos mortgage payments paid as agreed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Minimum credit score is 720, borrowers score is 773. CFCFS1744: DTI below guideline requirement - Clayton Comments: 43% Max DTI, subject transaction 28.83%

362

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8/31/2018 Desk Review provided supports value with a XXX% variance.

8/31/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: The borrower has 33 mos mortgage payments paid as agreed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Minimum credit score is 720, borrowers score is 773. CFCFS1744: DTI below guideline requirement - Clayton Comments: 43% Max DTI, subject transaction 28.83%

350

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD: XXX Other Costs, Field: Is the Other Cost section properly formatted Home Warranty Fee payable to name listed as TBD. Corrected on subsequent CD dated XXX CD: XXX Loan Costs, Field: Is the Loan Costs Details section properly formatted Natural Hazard Disclosure Fee name listed as TBD. Corrected on subsequent CD dated XXX

(No Data)

8.28.18-Upon further review, exception satisfied.

Hybrid

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 756; minimum per guidelines 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 6 months subject property reserves required ($3,823.49*6 = $22,940.94); 20.83 months verified

378

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Active

B

B

B

B

CMPTRID4284

TRID - CD: The value for Seller Credits in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

All values are disclosed correctly for all le's and cd's. UPDATED; Please provide a revised CD with the corrected values in the LE column of the Calculating cash to close section, or the Final LE that corresponds to the final CD. Please provide a copy of the revised CD along with an LOX and verification CD was sent to borrower

9.14.18 Lender response; This is a system glitch that the Lender was unable to correct at the time of closing. Please accept as is. Clayton Response; Please see updated Exception to explain what will clear exception. Exception Remains

9.17.18 Exception Remains

Non-Numeric

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has worked 22 years for his current employer. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Loan score of 752 exceeds minimum required score of 720 by 32 points. CFCFS1744: DTI below guideline requirement - Clayton Comments: Calculated DTI of 34.39% is 8.31 points below maximum DTI allowed of 43%.

378

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Active

B

B

B

B

CMPTRID4299

TRID - CD: The value for Total Closing Costs in the LE column of the CD's Calculating Cash to Close table is different from the value disclosed on the last LE

No

All values are disclosed correctly on all le's and cd's. UPDATED; Please provide a revised CD with the corrected values in the LE column of the Calculating cash to close section, or the Final LE that corresponds to the final CD. Please provide a copy of the revised CD along with an LOX and verification CD was sent to borrower

9.14.18 Lender response; This is a system glitch that the Lender was unable to correct at the time of closing. Please accept as is. Clayton Response; Please see updated Exception to explain what will clear exception. Exception Remains

9.17.18 Exception remains

Non-Numeric

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has worked 22 years for his current employer. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Loan score of 752 exceeds minimum required score of 720 by 32 points. CFCFS1744: DTI below guideline requirement - Clayton Comments: Calculated DTI of 34.39% is 8.31 points below maximum DTI allowed of 43%.

378

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

spl is listed in file. Non listed to provide service.

9.14.18 Lender response; The Written List of providers was provided to the borrowers on XXX please see attached disclosure tracking showing the borrower received and reviewed it on XXX. Since the borrower shopped for fees and fees were placed in Section C of Post Consummation CD this should be acceptable.

9.17.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has worked 22 years for his current employer. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Loan score of 752 exceeds minimum required score of 720 by 32 points. CFCFS1744: DTI below guideline requirement - Clayton Comments: Calculated DTI of 34.39% is 8.31 points below maximum DTI allowed of 43%.

378

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

cd XXX and XXX: loan costs screen: section B: does not list the name of the provider for desktop appraisal review fee. Only the fee. corrected on post close cd XXX.

9.14.18 Lender did not address this exception. Exception Remains 9.18.18 Lender provided PC CD XXX WITH PAYEE for desk top appraisal

9.19.18 Exception satisfied

Hybrid

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has worked 22 years for his current employer. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Loan score of 752 exceeds minimum required score of 720 by 32 points. CFCFS1744: DTI below guideline requirement - Clayton Comments: Calculated DTI of 34.39% is 8.31 points below maximum DTI allowed of 43%.

378

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing desk review to support appraised value of $XXX.

9/05/2018 Desk Review provided supports value with a XXX% variance.

9/05/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has worked 22 years for his current employer. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Loan score of 752 exceeds minimum required score of 720 by 32 points. CFCFS1744: DTI below guideline requirement - Clayton Comments: Calculated DTI of 34.39% is 8.31 points below maximum DTI allowed of 43%.

415

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing XXX party valuation to support appraised value of $XXX.

9/12/2018 Desk Review provided supports value with a XXX% variance.

9/12/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 35.96%. Max DTI for this program is 43.00% CFCFS2854: Significant time in profession - Clayton Comments: B1 in profession for 25 years B2 in profession for 22 years CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers in current residence for 10 years.

416

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

C

B

D

B

A

A

D

A

C

B

Compliance

Right of Rescission

Active

C

B

C

B

CMPROR2330

ROR - Disbursement date is before end of statutory rescission period

No

Loan funded per Post Close CD issued XXX ROR period did not expire until XXX.

9.10.18 Lender response; Please note the corrected ROR was issued after the original Closing date of XXX, Original ROR expiration date of XXX and original Funding date of XXX. The PCCD and corrected ROR are correct. Lender is not able to disburse a XXX time so this date will not change on the Post Consummation CD. Clayton Response ; ROR in file has the transaction date as XXX and the expiration date of XXX. This is past the disbursement date. Exception Remains 9.26.18 Lender response; Please see Lender Rebuttal ; Response: Subsequent DD - Original RTCs show a transaction date of XXX and an ending date of XXX Loan disbursed on XXX, which is after the original rescission period. During the review process, it was discovered that the RTC for was incorrect and the lender inadvertently updated the transaction date to the beginning date of the new rescission period, XXX. Although this is not the original transaction date, it should not be considered material in the listing states OR " The date you received this notice of your right to cancel". These XXX dates are effectively the same dates. Clayton Response; Lender provided PC ROR, downgraded to Non Material Exception, However Exception remains

9.11.18 Exception Remains 9.27.18 Exception Remains

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves of $61,588.46 exceed required 6 months reserves for subject PITIA of $26,327.64 ($4387.94*6). CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 27.66% is 15.34% below maximum allowed DTI of 43%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score of 789 exceeds required score of 720 by 69 points.

416

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

C

B

D

B

A

A

D

A

C

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/11/2018 Desk Review provided supports value with a -XXX% variance.

9/11/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves of $61,588.46 exceed required 6 months reserves for subject PITIA of $26,327.64 ($4387.94*6). CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 27.66% is 15.34% below maximum allowed DTI of 43%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score of 789 exceeds required score of 720 by 69 points.

466

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

9/24/2018 Desk Review provided supports value with a -XXX% variance.

9/24/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed in current job for 24 years, 11 months. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been employed in current job for 16 years, 5 months. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been employed in current profession for 35 years. Co-Borrower has been employed in current profession for 16 years. CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have owned current residence for 15 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $282,554.46 reserves after closing; 72.31 months PITIA.

434

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation to support value of $XXX

9/19/2018 Desk Review provided supports value with a XXX% variance.

9/19/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 749 exceeds guidelines of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0 x 30 mortgage history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $106,297.11 reserves, 27.44 months PITI. Guidelines require 6 months.

471

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

B

B

D

B

D

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Active

B

B

B

B

CMPTRID4320

TRID - CD: The stated Closing Costs Financed (Paid from Your Loan Amount) amount in the CD Calculating Cash to Close section (Alt Version) does not equate to the amount based on the Reg's formula.

No

On all CDs -- The stated Closing Costs Financed (Paid from Your Loan Amount) amount in the CD Calculating Cash to Close section (Alt Version) does not equate to the amount based on the Reg's formula. Lender did not provide a figure on any CDs.

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 49.21% 25.79% below max allowed per guidelines of 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 771 qualifying score is 51 points higher than required per guidelines of 720. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 5 years.

471

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

B

B

D

B

D

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4218

TRID - Costs at Closing and or Calculating Cash to Close tables are inconsistent across disclosures

No

The Creditor used inconsistent versions of the Costs at Closing table across Loan Estimates. LE is Alternate. CD XXX is Standard format. Corrected on PC CDs.

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 49.21% 25.79% below max allowed per guidelines of 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 771 qualifying score is 51 points higher than required per guidelines of 720. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 5 years.

471

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

B

B

D

B

D

A

D

A

B

B

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2642

Missing proof that HELOC has been paid and closed to future draws

No

The loan file is missing EXECUTED evidence of the HELOC with XXX #XXX being paid and closed to future draws.

9/25/18 - Lender provided signed Authorization to close.

9/26/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 49.21% 25.79% below max allowed per guidelines of 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 771 qualifying score is 51 points higher than required per guidelines of 720. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 5 years.

471

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

B

B

D

B

D

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting the $XXX value.

9/24/2018 Desk Review provided supports value with a -XXX% variance.

9/24/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 49.21% 25.79% below max allowed per guidelines of 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 771 qualifying score is 51 points higher than required per guidelines of 720. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 5 years.

424

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

B

B

D

B

D

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD XXX- Other costs section, Field E: Mortgage/Deed portion of recording fees is required to be itemized

9.21.18 Lender provided PC CD dated XXX that itemizes Recording Fees

9.24.18 Exception Satisfied

Hybrid

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 736 qualifying score is 16 points above required credit score of 720. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been employed on current job for 11 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 46.87% is 28.13% below maximum allowed LTV of 75%. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 15 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 23.78% is 19.22% below maximum allowed DTI of 43%.

424

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

B

B

D

B

D

A

D

A

B

B

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2642

Missing proof that HELOC has been paid and closed to future draws

No

Missing proof that HELOC with XXX #XXX has been closed to future draws. The authorization to close the credit line is incomplete.

9/11/18 - Lender response - Attached please find documentation requesting the HELOC account with XXX to be closed.

9/12/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 736 qualifying score is 16 points above required credit score of 720. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been employed on current job for 11 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 46.87% is 28.13% below maximum allowed LTV of 75%. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 15 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 23.78% is 19.22% below maximum allowed DTI of 43%.

424

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

B

B

D

B

D

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting the $XXX value.

9/12/2018 Desk Review provided supports value with a XXX% variance.

9/12/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 736 qualifying score is 16 points above required credit score of 720. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been employed on current job for 11 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 46.87% is 28.13% below maximum allowed LTV of 75%. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 15 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 23.78% is 19.22% below maximum allowed DTI of 43%.

425

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD XXX Other Costs section, Field E: Mortgage/Deed portion of recording fees is required to be itemized, satisfied on PCCD XXX

(No Data)

(No Data)

Hybrid

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 39.36% is 3.64% below maximum allowed DTI of 43%. CFCFS2854: Significant time in profession - Clayton Comments: Co-borrower has been employed in the same profession for 10 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 71.56% is 3.44% below maximum allowed LTV of 75% for a cash-out refinance transaction.

425

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/12/2018 Desk Review provided supports value with a XXX% variance.

9/12/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 39.36% is 3.64% below maximum allowed DTI of 43%. CFCFS2854: Significant time in profession - Clayton Comments: Co-borrower has been employed in the same profession for 10 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 71.56% is 3.44% below maximum allowed LTV of 75% for a cash-out refinance transaction.

454

XXXXXX

OR

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing valuation supporting appraised value of $XXX

9/21/2018 Desk Review provided supports value with a XXX% variance.

9/21/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 21.49 Months PITIA reserves exceeding guideline of 6 months for LTV<=80 and FICO >720. CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Additional Sch C with positive income for Borrower 1 was not used in qualifying. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history verified for greater than 4 years exceeds guideline of 24 months.

462

XXXXXX

FL

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting appraised value of $XXX

9/19/18 - Received valuation $XXX. XXX% variance.

9/19/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: Lender Maximum LTV/CLTV 80% Current LTV/CLTV 69.65% CFCFS2860: Good credit history - Clayton Comments: Borrower has excellent credit history

426

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/12/2018 Desk Review provided supports value with a XXX% variance.

9/12/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score of 754 is 34 points higher than the guideline requirement of 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $132,988.10 in post-closing reserves, which is $95,981.24 more than the guideline required amount of $37,006.86, or 21.56 months in reserves of subject PITIA. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 29.11%, which is 13.89% less than guideline max of 43.0%

440

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing XXX party valuation supporting the $XXX appraised value.

9/14/2018 Desk Review provided supports value with a XXX% variance.

9/14/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 777 qualifying score. Min required per guidelines is 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 14 years.

472

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

C

B

D

A

A

A

D

B

C

B

D

A

A

A

Credit

LTV/CLTV

Active

C

B

C

B

CRDLTV201

LTV > 90%

No

The borrower has owned the property for 9 months. The borrower is required to have owned the property for 12 months to use the appraised value, otherwise the value is determined by the prior purchase price on cash out refinance.

9/21/18 - Lender response- Contained in the file was an approved formal variance allowing property as a cash out to use the appraised value to determine LTV which is outlined below. 9/21/18 - Clayton - Lender provided variance.Exception Non-material

9/21/18 -Lender provided variance.Exception Non-material. File has strong compensating factors.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 32.48%. Max 43% CFCFS2854: Significant time in profession - Clayton Comments: The borrower has worked in the same profession for 6 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrower's credit score is 765, 45 points above the required 720 score

472

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

C

B

D

A

A

A

D

B

C

B

D

A

A

A

Credit

LTV/CLTV

Active

C

B

C

B

CRDLTV3028

LTV Exceeds Guideline Requirement by 10% or more

No

Guidelines max LTV is 75%, calculated LTV is XXX%. The borrower has owned the property for 9 months. The borrower is required to have owned the property for 12 months to use the appraised value, otherwise the value is determined by the prior purchase price.

9/21/18 - Lender response- Contained in the file was an approved formal variance allowing property as a cash out to use the appraised value to determine LTV which is outlined below. 9/21/18 - Clayton - Lender provided variance.Exception Non-material

9/21/18 - Lender provided variance. Exception Non-material. File has strong compensating factors.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 32.48%. Max 43% CFCFS2854: Significant time in profession - Clayton Comments: The borrower has worked in the same profession for 6 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrower's credit score is 765, 45 points above the required 720 score

472

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

C

B

D

A

A

A

D

B

C

B

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing desk review to support appraised value of $XXX.

9/21/2018 Desk Review provided supports value with a -XXX% variance.

9/21/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 32.48%. Max 43% CFCFS2854: Significant time in profession - Clayton Comments: The borrower has worked in the same profession for 6 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrower's credit score is 765, 45 points above the required 720 score

479

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

A

A

D

A

D

A

D

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2642

Missing proof that HELOC has been paid and closed to future draws

No

Missing proof that HELOC with XXX #XXX has been closed to future draws. Payoff Authorization in file was not signed by borrowers.

9/26/18 - Lender response - Attached please find a signed authorization form to suspend and close equity line of credit.

9/26/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: All mtg. accts. paid as agreed. 0X30 days CFCFS1737: LTV below guideline requirements - Clayton Comments: 70.72% Max 80% CFCFS2854: Significant time in profession - Clayton Comments: B1-15 years in same profession CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 38.64 months in reserves. Guidelines require 6 months.

479

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

D

A

A

A

D

A

D

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

9/27/2018 Desk Review provided supports value with a XXX% variance.

9/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1739: Postive mortgage payment history - Clayton Comments: All mtg. accts. paid as agreed. 0X30 days CFCFS1737: LTV below guideline requirements - Clayton Comments: 70.72% Max 80% CFCFS2854: Significant time in profession - Clayton Comments: B1-15 years in same profession CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 38.64 months in reserves. Guidelines require 6 months.

455

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD XXX,: Section Loan Cost B. Inspection Fee missing payee. Exception satisfied on CD XXX.

(No Data)

9.18.18 Upon further review, exception satisfied.

Hybrid

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 767, which is 47 points higher than the guideline requirement of 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $61,431.46 in post-closing reserves, which is $32,707.70 more than the guideline required amount of $28,723.76, or 12 months in reserves of subject PITIA..

455

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/20/2018 Desk Review provided supports value with a XXX% variance.

9/20/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 767, which is 47 points higher than the guideline requirement of 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $61,431.46 in post-closing reserves, which is $32,707.70 more than the guideline required amount of $28,723.76, or 12 months in reserves of subject PITIA..

446

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

Satisfied on final CD XXX. The initial CD XXX, loan costs, section B, line 11, verification fee did not list payee.

(No Data)

(No Data)

Hybrid

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Bwr has worked for same employer for 20 years CFCFS1739: Postive mortgage payment history - Clayton Comments: No mortgage derogs reporting on credit report CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $384,499.31 or 102.22 months in PITIA reserves. Meets 6 month PITIA reserve requirement.

446

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting appraised value of $XXX

9/18/2018 Desk Review provided supports value with a XXX% variance.

9/18/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Bwr has worked for same employer for 20 years CFCFS1739: Postive mortgage payment history - Clayton Comments: No mortgage derogs reporting on credit report CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $384,499.31 or 102.22 months in PITIA reserves. Meets 6 month PITIA reserve requirement.

93

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

B

B

D

B

D

A

A

A

B

B

Compliance

Right of Rescission

Active

B

B

B

B

CMPROR1909

Incorrect ROR Form Used - H8 Form Used in Refinance With Original Creditor

No

Incorrect ROR Form Used - H8 Form Used in Refinance With Original Creditor

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is higher than requirement of 720. CFCFS2860: Good credit history - Clayton Comments: Borrowers have excellent credit history.

93

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

B

B

D

B

D

A

A

A

B

B

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2642

Missing proof that HELOC has been paid and closed to future draws

No

Missing proof that HELOC has been paid and closed to future draws

7/19/18/ - Lender response - See Full Reconveyance and Substitution of Trustee recorded XXX

7/21/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is higher than requirement of 720. CFCFS2860: Good credit history - Clayton Comments: Borrowers have excellent credit history.

93

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

B

B

D

B

D

A

A

A

B

B

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2644

Missing proof there were no draws on HELOC in the last 12 months > $2,000

No

Missing proof there were no draws on HELOC in the last XXX months > $XXX. Per XXX Must review draw history for a HELOC that was purchase money XXX if it is more than XXX months old.

7/31/18 - Lender response - See Full Reconveyance and Substitution of Trustee recorded XXX. 8/1/18 - Clayton - This does not clear the exception for proof no draws XXX months prior to the loan being paid off. Loan would have to be changed to Cash-out if there were and that would change the underwriting guidelines. 8/2/18 - Lender provided pays history, no advances.

8/1/18 - Exception remains. 8/2/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is higher than requirement of 720. CFCFS2860: Good credit history - Clayton Comments: Borrowers have excellent credit history.

184

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3552

TRID - Loan Estimate not timely

No

The initial loan estimate issued on XXX; was not issued within XXX business days of application date XXX.

8.10.18 Lender response; lender supplied disclosure tracking showing LE delivered on XXX and acknowledged by borrower on XXX. lender also provided LE XXX.

8.12.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 786 exceeds guideline score of 720 by 66 points CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has owned current residence 7 years. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history of 78 months with zero lates exceeds guidelines.

185

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 760, which is 40 points higher than the guideline requirement of 720. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrowers have a long positive trade line history. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 25.86%; guideline maximum is 43%.

94

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Compliance

Right of Rescission

Active

B

B

B

B

CMPROR1909

Incorrect ROR Form Used - H8 Form Used in Refinance With Original Creditor

No

incorrect ROR form used - H8 form used in refinance with original creditor.

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 26.98%. Max DTI for this program is 43.00% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 812. . Minimum credit score for this program is 720. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 55%. Max LTV for this program is 75%.

94

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Missing acknowledgment of receipt of CD XXX days prior to consummation

7.10.18 Lender provided disclosure tracking that shows borrower acknowledged cd XXX on XXX

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 26.98%. Max DTI for this program is 43.00% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 812. . Minimum credit score for this program is 720. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 55%. Max LTV for this program is 75%.

94

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing Lender's ATR/QM status determination.

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 26.98%. Max DTI for this program is 43.00% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 812. . Minimum credit score for this program is 720. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 55%. Max LTV for this program is 75%.

94

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

B

C

A

A

A

C

B

C

B

C

A

A

A

C

B

Credit

Title

Satisfied

C

A

C

A

CRDTIL100

Potential title issue

No

Missing evidence that XXX lien appearing on title with XXX, dated XXX, in the amount of $XXX have been discharged. Per the credit report (pg 164) lien is showing as paid and closed.

7.10.18 - Lender provided updated with XXX lien removed.

7.12.18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 26.98%. Max DTI for this program is 43.00% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 812. . Minimum credit score for this program is 720. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 55%. Max LTV for this program is 75%.

417

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

9/11/2018 Desk Review provided supports value with a -XXX% variance.

9/11/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: Ltv is 50.00%, which is 20.00% less than the guideline max of 70.00%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $168,538.57 in post-closing reserves, which is $146,508.07 more than the guideline required amount of $22,030.50, or 45 months in reserves of subject PITIA. CFCFS1744: DTI below guideline requirement - Clayton Comments: Dti is 37.43%, which is 5.57% less than guideline max of 43.00%

186

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

C

A

A

A

C

B

C

A

C

B

A

A

Credit

Insurance

Satisfied

C

A

C

A

CRDINSR822

Insurance Effective date is greater than the transaction date

No

Provide documentation of insurance coverage on the date of disbursement. Hoi is dated XXX, per the cd loan was disbursed on XXX.

9/25/18 - Lender provided hazard insurance XXX

9/26/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 779, which is 59 points higher than the guideline requirement of 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $562,259.87 in post-closing reserves, which is $513,739.43 more than the guideline required amount of $48,520.44, or 139 months in reserves CFCFS1736: Significant time at current residence - Clayton Comments: Resided in primary residence for 11 years.

186

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

C

A

A

A

C

B

C

A

C

B

A

A

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

Desk review discloses -XXX% variance with a value of $XXX, and the original appraisal value is $XXX. A field review is required.

8/17/18 Field review received supporting original appraisal value within tolerance.

8/17/18 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 779, which is 59 points higher than the guideline requirement of 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $562,259.87 in post-closing reserves, which is $513,739.43 more than the guideline required amount of $48,520.44, or 139 months in reserves CFCFS1736: Significant time at current residence - Clayton Comments: Resided in primary residence for 11 years.

95

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Please provide confirmation that the initial CD XXX was received at least XXX days prior to consummation.

7.16.18 LENDER RESPONSE; The initial Closing disclosure dated XXX was actually received by borrowers on XXX Clayton response; Please provide CD dated XXX that was not in original file when sent. Exception remains 7.18.18 lender provided CD DATED XXX

7.17.18 Exception remains 7.19.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves in the amount of $454,956.40; 39.46 months PITI reserves exceed required 24 months reserves for loan amount >1.5MM<$2MM. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 9.65%. Max DTI for this program is 43.00% CFCFS2854: Significant time in profession - Clayton Comments: Borrower in his profession for 25 years

473

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

CD dated XXX- Was not acknowledged by the borrower. This triggered a waiting period. Earliest allowable close date XXX

9.21.18 Lender response ; lender provided disclosure tracking showing CD XXX acknowledged on XXX

9.24.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 788. Min 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 26.21%. Max 43%. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 68.13% Max 80%.

473

XXXXXX

CO

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing CDA/Desk Review to support appraisal value of $XXX.

9/24/2018 Desk Review provided supports value with a XXX% variance.

9/24/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 788. Min 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 26.21%. Max 43%. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 68.13% Max 80%.

187

XXXXXX

NC

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3618

TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing

No

CD: XXX, Borrower did not receive CD XXX business days before closing. Initial CD delivered XXX. Closing date should be XXX.

8.10.18 Lender provided initial CD dated XXX

8.12.18 Exception SATISFIED

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession for 14 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower's mid FICO score of 809 is 109 points higher than required 700. CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrower's DTI of 31.83% is 11.17% less than required 43%.

187

XXXXXX

NC

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

CD: XXX, Borrower did not receive CD XXX business days before closing. Initial CD delivered XXX earliest transaction date would be XXX.

8.10.18 Lender provided initial CD dated XXX

8.12.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession for 14 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower's mid FICO score of 809 is 109 points higher than required 700. CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrower's DTI of 31.83% is 11.17% less than required 43%.

188

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

C

A

C

B

C

B

A

A

C

B

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

CD: XXX - Borrower did not received CD XXX business days before closing.

8.9.18 Lender response; The initial Closing Disclosure dated XXX and the final Closing Disclosure dated XXX were delivered electronically to the borrower. Please see Disclosure Tracking and the eConsent below.

8.9.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Reserves $558,547.36 (175.58 Months PITIA); Reserves Required $19,087.44 (6 Months PITIA) CFCFS1744: DTI below guideline requirement - Clayton Comments: The lender maximum debt to income ratio is 43%. The borrowers debt to income ratio is 22.77%.

188

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

C

A

C

B

C

B

A

A

C

B

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3676

TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation.

No

$XXX percent tolerance due to increase in recording fee from $XXX to $XXX without a valid CoC. Requires corrected PCCD, copy of refund check, LOX and verification of shipping.

8.21.18 Lender provided PC CD XXX with LOX, and copy of refund check for $XXX. Verification sent to borrower also.

8.22.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Reserves $558,547.36 (175.58 Months PITIA); Reserves Required $19,087.44 (6 Months PITIA) CFCFS1744: DTI below guideline requirement - Clayton Comments: The lender maximum debt to income ratio is 43%. The borrowers debt to income ratio is 22.77%.

188

XXXXXX

WA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

C

A

C

B

C

B

A

A

C

B

C

B

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

Appraisal dated XXX value $XXX, desk review dated XXX value $XXX, variance of -XXX% exceeds XXX% tolerance.

8/23/18 Field review received supporting original appraisal value within tolerance.

8/23/18 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Reserves $558,547.36 (175.58 Months PITIA); Reserves Required $19,087.44 (6 Months PITIA) CFCFS1744: DTI below guideline requirement - Clayton Comments: The lender maximum debt to income ratio is 43%. The borrowers debt to income ratio is 22.77%.

189

XXXXXX

NC

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Disclosure tracking not in file. Unable to determine when borrower received initial CD.

8.9.18 Lender response; Please note that the Initial Closing Disclosure dated XXX was sent to and received by the borrowers on XXX. tracking disclosure sent

8.9.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 14.66% is 28.34 points than the maximum allowed DTI of 43%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score of 812 exceeds minimum required score of 720 by 90 points. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves after closing are $201,764.41 (71.03 month PITI) which exceed 6 months reserves required ($2840.44*6 = $17042.64).

190

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Loan closed XXX. Initial CD in file issued XXX.File is missing evidence that an initial CD was acknowledged by the borrower at least XXX business days prior to consummation.

8.9.18 Lender provided Disclosure Tracking showing CD XXX ACKNOWLEDGED on XXX

8.9.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves after closing of $64,997.24; 18.18 months PITI. CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI is 17.80%, below guideline requirement of 43%.

260

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

C

A

D

A

D

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Last CD is Initial CD. Disclosure tracking not in file. Missing initial CD.

8.16.18 Lender provided initial CD XXX acknowledged on XXX

8.16.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with the same Employer XXX for 12.4 years CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been a XXX for 40 years CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived in and owned the subject for 6 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 803 exceeds guideline requirement of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report shows 0x30 for 73 months CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 34.77% is below the guideline requirement of 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 80.74 months is verified post clsg reserves, 6 months required

260

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

C

A

D

A

D

A

A

A

C

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2642

Missing proof that HELOC has been paid and closed to future draws

No

Missing proof HELOC with XXX ending in #XXX has been closed to future draws

8/16/18 - Lender response - Copy of signed and notarized Mortgage Payoff Certification with XXX#XXX attached.

8/16/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with the same Employer XXX for 12.4 years CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been a XXX for 40 years CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived in and owned the subject for 6 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 803 exceeds guideline requirement of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report shows 0x30 for 73 months CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 34.77% is below the guideline requirement of 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has 80.74 months is verified post clsg reserves, 6 months required

442

XXXXXX

VA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

The file is missing evidence that the last LE CD dated XXX was acknowledged at least XXX business days prior to consummation.

9.12.18 Lender response; Lender provided DISCLOSURE TRACKING showing CD XXX acknowledged by borrower on XXX

9.13.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrowers qualifying score is 698. The minimum required score is 620. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 28 years.

442

XXXXXX

VA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting appraisal value of $XXX value.

9/14/2018 Desk Review provided supports value with a XXX% variance.

9/14/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrowers qualifying score is 698. The minimum required score is 620. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 28 years.

474

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Missing acknowledgment of receipt of CD XXX days prior to consummation

9.26.18 Lender response; The Initial CD dated XXX was electronically delivered to the borrower on XXX. Borrower viewed on XXX, consummation was XXX.

9.27.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Qualifying credit score of 800 exceeds guideline requirement of 720 by 80 points. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been on job 18 years 6 months.

474

XXXXXX

NY

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/27/2018 Desk Review provided supports value with a -XXX% variance.

9/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Qualifying credit score of 800 exceeds guideline requirement of 720 by 80 points. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been on job 18 years 6 months.

400

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4801

TRID - LE: In 5 Years: Either or both of the In 5 Years Total Payment or Total Principal Amounts are under disclosed.

No

P & I is off however TOP is $XXX, exception can be satisfied B

(No Data)

(No Data)

Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 26.95% is 16.05% below maximum allowed of 43%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has worked for same employer for 40 years. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrowers have excellent credit with very low credit utilization of 2.51%. CFCFS1739: Postive mortgage payment history - Clayton Comments: No mortgage delinquencies reporting on borrowers credit report.

386

XXXXXX

CA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/12/18 - received valuation $XXX% variance.

9/12/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX for 20 years. CFCFS1736: Significant time at current residence - Clayton Comments: Resided in primary residence for 14 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 31.32%, Max 50% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 718. Min 620

448

XXXXXX

CA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/20/2018 Desk Review provided supports value with a XXX% variance.

9/20/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX for 11 years CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 34.27, max per guidelines is 50.00%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 43 months PITI reserves verified, max per DU guidelines is 0 months.

191

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

D

B

D

B

D

A

A

A

D

B

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

Provide hoa dues for the departure residence located at XXX

08.13.18 Lender provided the hoa dues for the property located at XXX. Exception satisfied.

08.13.18 Exception satisfied.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is for 134 months when 24 months are required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $145,932.83 in post-closing reserves, which is $111,705.09 more than the guideline required amount of $34,227.74, or 25 months in reserves for the subject and retained property CFCFS1736: Significant time at current residence - Clayton Comments: Resided in cpr for 9 years, prior to moving to larger property. CFCFS1737: LTV below guideline requirements - Clayton Comments: Ltv is 75.00%, which is 5.00% less than the guideline max of 80.00%

191

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

D

B

D

B

D

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

Satisfied on CD XXX- CD: XXX and XXX, Other Costs, Field: Is the Other Cost section properly formatted Homeowner's Insurance Premium listed as payable to Estimated and NA. Corrected on subsequent CD dated XXX

(No Data)

(No Data)

Hybrid

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is for 134 months when 24 months are required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $145,932.83 in post-closing reserves, which is $111,705.09 more than the guideline required amount of $34,227.74, or 25 months in reserves for the subject and retained property CFCFS1736: Significant time at current residence - Clayton Comments: Resided in cpr for 9 years, prior to moving to larger property. CFCFS1737: LTV below guideline requirements - Clayton Comments: Ltv is 75.00%, which is 5.00% less than the guideline max of 80.00%

191

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

D

B

D

B

D

A

A

A

D

B

Credit

DTI

Satisfied

D

A

D

A

CRDDTI2540

Missing verification of some or all components of non-subject PITI

No

Provide hoa dues for the departure residence located at XXX

08.13.18 Lender provided the hoa dues for the property located at XXX. Exception satisfied.

08.13.18 Exception satisfied.

(No Data)

Not Applicable

CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is for 134 months when 24 months are required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $145,932.83 in post-closing reserves, which is $111,705.09 more than the guideline required amount of $34,227.74, or 25 months in reserves for the subject and retained property CFCFS1736: Significant time at current residence - Clayton Comments: Resided in cpr for 9 years, prior to moving to larger property. CFCFS1737: LTV below guideline requirements - Clayton Comments: Ltv is 75.00%, which is 5.00% less than the guideline max of 80.00%

96

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Property

Satisfied

D

A

D

A

PRVAPROP132

Missing HOA Certificate/Questionnaire

No

Missing HOA Certificate/XXX Questionnaire. The XXX Project Approval is in the file with an expiration date of XXX.

7/17/2018: Lender provided completed XXX questionnaire.

7/17/2018: Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is at 15.87%; max allowed DTI per guidelines is 43%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score is 777; minimum required credit score per guidelines is 720. CFCFS2860: Good credit history - Clayton Comments: The Borrower has an overall excellent credit history. No derogatory credit. No public record findings.

97

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments: 9 years current job time CFCFS1744: DTI below guideline requirement - Clayton Comments: 30.67% Max 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 17.27 mos. verified post close reserves

98

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $73,500.34 or 18.50. Per guidelines 6 months reserves required. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 16.99 below guideline requirement of 43% by 26.01 percentage points

192

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been with current employer since 1982, 35 years. CFCFS1736: Significant time at current residence - Clayton Comments: Resided in primary residence for 32 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 72.37 months excess reserves on all financed properties.

99

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 6 month subject PITIA reserves required (4307.07*6 = $25842.42); 6 months PITIA for other REO reserves required (1377.16*6 = $8262.96); total required for reserves $34105.38; additional 47 months subject PITIA reserves verified CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 768; minimum per guidelines 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 32.17%; max per guidelines 43%

447

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/18/2018 Desk Review provided supports value with a XXX% variance.

9/18/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS2860: Good credit history - Clayton Comments: Borrower has good credit history with all accounts 0x30. No history of derogatory credit. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 789 exceed guidelines requirement of 720 by 69 points

261

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same profession as a XXX for 12 years. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report shows 0x30 for 32 months CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves exceed 43 months CFCFS2860: Good credit history - Clayton Comments: Credit report shows zero late payments on all accounts.

193

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2700

RESPA - List of homeowners counseling organizations not provided w/in 3 days of application

No

The initial application date is XXX; XXX counseling list issued XXX which is not within 3 days of application.

8.8.18 Lender provided HCO dated XXX

8.9.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 787 qualifying score exceeds required credit score of 720 by 67 points. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed in current job for 11.5 years. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 12 years.

193

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

The written list of service providers was issued XXX which is not within 3 days of application date of XXX.

8.8.18 lender provided XXX dated XXX

8.9.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 787 qualifying score exceeds required credit score of 720 by 67 points. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed in current job for 11.5 years. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 12 years.

193

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3552

TRID - Loan Estimate not timely

No

Initial LE issued XXX which was not within 3 days of initial application date of XXX.

8.8.18 Lender provided initial LE DATED XXX

8.9.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 787 qualifying score exceeds required credit score of 720 by 67 points. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed in current job for 11.5 years. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 12 years.

456

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD XXX Other Costs section, Field F: HOI is missing payee name. Exception satisfied on subsequent Final CD XXX.

(No Data)

9.18.18-Upon further review, exception satisfied.

Hybrid

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $343,874.59 52.57 months PITIA exceeds required 6 months reserves. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower at current job 27 years

456

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/21/2018 Desk Review provided supports value with a XXX% variance.

9/21/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $343,874.59 52.57 months PITIA exceeds required 6 months reserves. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower at current job 27 years

194

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Insurance

Satisfied

D

A

D

A

CRDINSR848

Missing Hazard Insurance

No

Missing HOI Declaration page for subject property (XXX).

8.13.18 - HOI policy provided.

8.14.18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 786 exceeds guidelines of 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified liquid $238,137.00, Cash to close $120,503.38, Verified reserves $117,633.62, Subject required reserves $3805.21 x 6=$22,831.26, XXX 1066.05 x 6 =$6,396.30, XXX $3720 x 6=$22,320. Total required reserves $51,547.56. CFCFS2854: Significant time in profession - Clayton Comments: B1 has 15 years in current profession

290

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

C

A

A

A

C

B

A

A

C

B

A

A

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

Appraised value is $XXX; XXX Review value is $XXX. Unacceptable variance -XXX%.

9/05/2018 Field review received supporting original appraisal value within tolerance.

9/05/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 742 exceeds guidelines of 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets:File contained calculated assets of $1,547,188.15 which includes $556,694.86 Liquid. Cash to close $271,401.99 Reserves $1,275.786.16. Reserves required $32,460 (3444 x 6) + (3396 x 2) + (273.25 x 2) + (2 x $2227.75). CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 33.90% below guideline requirement 43% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 62.33 is below the guideline requirement of 80%

401

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Need proof initial CD XXX was received by borrower 3 days before consummation date of XXX.

9.7.18 Lender provided disclosure tracking showing initial CD dated XXX acknowledged on XXX

9.10.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 738. Minimum credit score for this program is 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 33.05 months cash reserves. CFCFS2854: Significant time in profession - Clayton Comments: Co Borrower in her profession for 10 years.

401

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation to support appraised value of $XXX

9/12/18 - Received valuation $XXX. XXX% variance.

9/12/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 738. Minimum credit score for this program is 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 33.05 months cash reserves. CFCFS2854: Significant time in profession - Clayton Comments: Co Borrower in her profession for 10 years.

100

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

No Confirmation of Receipt of Initial CD or 3 Days Prior to Consummation.

7.11.18 Lender response; Lender provided Disclosure Tracking Details that shows CD XXX was acknowledged by borrower on XXX.

7.12.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Co-borrower in his profession for 17 years CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 38.32%. Max DTI for this program is 43% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 803. Minimum credit score for this program is 720. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 35.44 months cash reserves.

351

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

Missing tax bill for primary on XXX. Tax bill provided on pages 1109 and 1110 are for the subject property

8/30/18 - Lender response - Attached please find a copy of the tax information for XXX. 8/31/18 - Clayton - $XXX yr.

8/31/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Resided in primary residence for 24 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: Ltv is 54.85%, which is 25.15% less than the guideline max of 80.00% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Final CD required funds to close of $423,637.10. Statements in file supported assets of $652,596.92 with reserves of $228,959.82. 6 months reserves required with a loan amount <$1MM< 80% LTV ($2736.08 x 6 =$16,416.48) and 6 months for additional financed property ($2433.13 X 6=$14,598.78) for a total of $31,015.26

351

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Please provide evidence that CD dated XXX was acknowledged by borrowers 3 days prior to consummation

8.30.18 Lender response; Disclosure tracking showing CD XXX Acknowledged by borrower on XXX

8.31.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Resided in primary residence for 24 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: Ltv is 54.85%, which is 25.15% less than the guideline max of 80.00% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Final CD required funds to close of $423,637.10. Statements in file supported assets of $652,596.92 with reserves of $228,959.82. 6 months reserves required with a loan amount <$1MM< 80% LTV ($2736.08 x 6 =$16,416.48) and 6 months for additional financed property ($2433.13 X 6=$14,598.78) for a total of $31,015.26

351

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

DTI

Satisfied

D

A

D

A

CRDDTI2540

Missing verification of some or all components of non-subject PITI

No

Missing tax bill for primary on XXX. Tax bill provided on pages 1109 and 1110 are for the subject property

8/30/18 - Lender response - Attached please find a copy of the tax information for XXX. 8/31/18 - Clayton - $XXX yr.

8/31/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Resided in primary residence for 24 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: Ltv is 54.85%, which is 25.15% less than the guideline max of 80.00% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Final CD required funds to close of $423,637.10. Statements in file supported assets of $652,596.92 with reserves of $228,959.82. 6 months reserves required with a loan amount <$1MM< 80% LTV ($2736.08 x 6 =$16,416.48) and 6 months for additional financed property ($2433.13 X 6=$14,598.78) for a total of $31,015.26

351

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8/29/2018 Desk Review provided supports value with a XXX% variance.

8.29.18 - Exception satisfied

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Resided in primary residence for 24 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: Ltv is 54.85%, which is 25.15% less than the guideline max of 80.00% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Final CD required funds to close of $423,637.10. Statements in file supported assets of $652,596.92 with reserves of $228,959.82. 6 months reserves required with a loan amount <$1MM< 80% LTV ($2736.08 x 6 =$16,416.48) and 6 months for additional financed property ($2433.13 X 6=$14,598.78) for a total of $31,015.26

101

XXXXXX

AZ

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 781; minimum per guidelines 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: required reserves per guidelines Subject x12 (6389.59*12 = $76675.08); other REO x2 (2714.48*2 = $5428.96) (3907*2 = $7814) total required for reserves $89918; additional subject property reserves verified 25 months

102

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit depth 234 months. Guidelines require 24 months of established credit. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 23.13 months reserves. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower with current employer for 11 years.

103

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Missing acknowledgment of receipt of CD 3 days prior to consummation

7.10.18 Lender response; lender provided disclosure tracking summary showing cd XXX acknowledged on XXX

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 31.43%. Max DTI for this program is 43%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 788. Minimum credit score for this program is 720.

103

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing Lender's ATR/QM status determination

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 31.43%. Max DTI for this program is 43%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 788. Minimum credit score for this program is 720.

104

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Missing acknowledgment of receipt of CD 3 days prior to consummation

7.10.18 Lender provided disclosure tracking XXX acknowledged XXX

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $335,608.56, Required reserves $5663.78 x6 =$33,982.68 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 796 exceeds guidelines of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0 x 30 mortgage history

104

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Lender did not provide an ATR/QM status determination.

7/10/18 Lender provided their ATR/QM status determination.

7.11.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $335,608.56, Required reserves $5663.78 x6 =$33,982.68 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 796 exceeds guidelines of 720 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0 x 30 mortgage history

195

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

B

B

D

B

D

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Active

B

B

B

B

CMPTRID4147

TRID - Closing Disclosure; Optional designation missing from optional insurance product

No

CD XXX Other Costs section, Field H: Borrower paid Home Warranty is missing optional designation

8.10.18 Lender response; Our loan system does not provide us with a drop down section to add “optional” to the Home Warranty item on the CD. However, the item is listed under the “Other” section of the CD and therefore was not a requirement of XXX. Clayton response; Exception has been downgraded to a B. Exception remains

8.12.18 Exception remains

Non-Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $713,431.01 reserves after closing or 72.98 months reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Loan score of 766 exceeds minimum required score of 720 by 46 points. CFCFS1744: DTI below guideline requirement - Clayton Comments: Calculated DTI of 26.15% is 16.85 points below maximum DTI of 43%. CFCFS1737: LTV below guideline requirements - Clayton Comments: Calculated LTV of 53.85% is 26.15 points below maximum LTV of 80%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed at his current employer for 5 years 4 months with 20 years in the industry.

195

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

B

B

D

B

D

A

A

A

B

B

Credit

Credit/Mtg History

Satisfied

D

A

D

A

CRDCRMH149

Missing support docs for VOM/VOR (e.g. cancelled checks)

No

Missing XXX cancelled checks/payments to support XXX days late for rental history in the most recent XXX months. Evidence provided is XXX (covers XXX); Application date is XXX.

08.13.18 Lender provided documentation supporting rent payment history for XXX. Exception satisfactory.

08.13.18 Exception satisfactory.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $713,431.01 reserves after closing or 72.98 months reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Loan score of 766 exceeds minimum required score of 720 by 46 points. CFCFS1744: DTI below guideline requirement - Clayton Comments: Calculated DTI of 26.15% is 16.85 points below maximum DTI of 43%. CFCFS1737: LTV below guideline requirements - Clayton Comments: Calculated LTV of 53.85% is 26.15 points below maximum LTV of 80%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed at his current employer for 5 years 4 months with 20 years in the industry.

231

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

C

B

D

B

D

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3944

TRID - CD: The P&I at consummation per the CD Loan Terms section does not match the P&I per Year 1 in the CD Project Payments section

No

Final CD XXX The P&I at consummation per the CD Loan Terms section is $XXX which does not match the P&I per Year XXX in the CD Project Payments section which states $XXX

8.21.18 Lender provided PC CD dated XXX that corrects the P&I payment in the loan terms section to $XXX

8.22.18 Exception SATISFIED

Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Borrowers have $83,788.94 in reserves; 12.49 months PITI. Guidelines require 6 months for subject ($6,708.47x 6 =$40,251); CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI is 38.87%, below guideline requirement of 43%.

231

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

C

B

D

B

D

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID4027

TRID - CD: The P&I Payment on the Loan Terms section of Final Closing Disclosure does not match the initial Note P&I

No

Final CD XXX The P&I Payment on the Loan Terms section of Final Closing Disclosure is $XXX which does not match the initial Note P&I $XXX

8.21.18 Lender provided PC CD dated XXX that corrects the P&I payment in the loan terms section to $XXX

8.22.18 Exception satisfied

Numeric

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Borrowers have $83,788.94 in reserves; 12.49 months PITI. Guidelines require 6 months for subject ($6,708.47x 6 =$40,251); CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI is 38.87%, below guideline requirement of 43%.

231

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

A

A

C

B

D

B

D

A

A

A

C

B

Credit

Credit/Mtg History

Satisfied

D

A

D

A

CRDCRMH149

Missing support docs for VOM/VOR (e.g. cancelled checks)

No

Missing support docs for verification of rent for past XXX months.

8/16/18 - Lender response - See attached rental history.

8/19/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Borrowers have $83,788.94 in reserves; 12.49 months PITI. Guidelines require 6 months for subject ($6,708.47x 6 =$40,251); CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI is 38.87%, below guideline requirement of 43%.

232

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Loan closed XXX. File is missing evidence that the initial CD was acknowledged by the borrower at least 3 business days prior to consummation.

8.16.18 Lender provided disclosure tracking showing CD XXX acknowledged on XXX

8.16.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 36.51 months excess cash reserves. CFCFS1744: DTI below guideline requirement - Clayton Comments: Calculated DTI of 37.81 is 5.19 points below maximum DTI of 43%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Loan score of 747 exceeds minimum required score of 720 by 27 points. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been employed in his current profession for 11 years.

232

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

Credit

Insurance

Satisfied

C

A

C

A

CRDINSR289

Insufficient Insurance Amount to Cover Loan Balance

No

Loan amount $XXX, cost to reconstruct per appraisal $XXX; HOI coverage with XXX% extended is $XXX. No reconstruction estimate in file from insurance to validate coverage is adequate.

8/16/18 - Lender provided copy of XXX Hazard Insurance Disclosure.

8/16/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 36.51 months excess cash reserves. CFCFS1744: DTI below guideline requirement - Clayton Comments: Calculated DTI of 37.81 is 5.19 points below maximum DTI of 43%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Loan score of 747 exceeds minimum required score of 720 by 27 points. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been employed in his current profession for 11 years.

387

XXXXXX

CA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

B

D

B

D

A

C

A

D

B

D

B

D

A

C

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2700

RESPA - List of homeowners counseling organizations not provided w/in 3 days of application

No

Application date is XXX. HOC is dated XXX.

9.13.18 Lender response; Application process was incomplete until borrower’s income was added on XXX, per the Audit Trail provided below. Income was provided on XXX. Disclosures were provided on XXX, after completing the XXX required elements

9.14.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Verified $299,199.22 , Required $238,395.10 , Reserves $60804.12, Required Reserves $0.00 per FHLMC CFCFS1750: High potential for increased earnings - Clayton Comments: subject property is XXX unit investment which will have rental income. CFCFS1744: DTI below guideline requirement - Clayton Comments: FHLMC Max DTI up to 50% current DTI 43.99%

387

XXXXXX

CA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

B

D

B

D

A

C

A

D

B

D

B

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

Application date is XXX. XXX is dated XXX.

9.13.18 Lender response; Application process was incomplete until borrower’s income was added on XXX, per the Audit Trail provided below. Income was provided on XXX. Disclosures were provided on XXX, after completing the XXX required elements

9.14.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Verified $299,199.22 , Required $238,395.10 , Reserves $60804.12, Required Reserves $0.00 per FHLMC CFCFS1750: High potential for increased earnings - Clayton Comments: subject property is XXX unit investment which will have rental income. CFCFS1744: DTI below guideline requirement - Clayton Comments: FHLMC Max DTI up to 50% current DTI 43.99%

387

XXXXXX

CA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

B

D

B

D

A

C

A

D

B

D

B

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3552

TRID - Loan Estimate not timely

No

Application date is XXX. Initial LE is dated XXX.

9.13.18 Lender response; Application process was incomplete until borrower’s income was added on XXX, per the Audit Trail provided below. Income was provided on XXX. Disclosures were provided on XXX, after completing the 6 required elements

9.14.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Verified $299,199.22 , Required $238,395.10 , Reserves $60804.12, Required Reserves $0.00 per FHLMC CFCFS1750: High potential for increased earnings - Clayton Comments: subject property is XXX unit investment which will have rental income. CFCFS1744: DTI below guideline requirement - Clayton Comments: FHLMC Max DTI up to 50% current DTI 43.99%

387

XXXXXX

CA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

B

D

B

D

A

C

A

D

B

D

B

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3564

TRID - There is at least one revised Loan Estimate or Closing Disclosure containing a change that is not documented or supported in the file

No

There were no XXX forms located in the file. LE: XXX

9.13.18 lender provided XXX for LE XXX

9.14.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Verified $299,199.22 , Required $238,395.10 , Reserves $60804.12, Required Reserves $0.00 per FHLMC CFCFS1750: High potential for increased earnings - Clayton Comments: subject property is XXX unit investment which will have rental income. CFCFS1744: DTI below guideline requirement - Clayton Comments: FHLMC Max DTI up to 50% current DTI 43.99%

387

XXXXXX

CA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

B

D

B

D

A

C

A

D

B

D

B

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Loan consummated before end of waiting period

9.13.18 Lender response; There were no changes that would require the waiting period. The Final CD was provided to the borrower, in person, for review only, prior to consummation. Clayton Response; Disclosure tracking the lender provided shows CD dated XXX as initial CD , This CD was not delivered in original file. Please provide with confirmation it was acknowledged by borrower 3 days prior to consummation date XXX. Exception Remains 9.17.18 Lender provided initial CD dated XXX and verification that it was acknowledged same day.

9.14.18 Exception remains 9.18.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Verified $299,199.22 , Required $238,395.10 , Reserves $60804.12, Required Reserves $0.00 per FHLMC CFCFS1750: High potential for increased earnings - Clayton Comments: subject property is XXX unit investment which will have rental income. CFCFS1744: DTI below guideline requirement - Clayton Comments: FHLMC Max DTI up to 50% current DTI 43.99%

387

XXXXXX

CA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

B

D

B

D

A

C

A

D

B

D

B

D

A

C

A

Credit

Income/Employment

Active

D

B

D

B

CRDINC2408

Income verification does not meet guidelines

No

Missing XXX months Personal, Business returns. Only received XXX 1040, 1120s and Transcripts. Missing XXX Tax Extension. Missing XXX W2. Per LP XXX years required if business has not been in existence for XXX years. Per 1120s business incorporated XXX

9/12/18 - Lender response- XXX supports business was first reported in XXX. 9/13/18 - Clayton - Cleared requirement for XXX year tax return. #2) XXX W-2 from XXX Builders reflecting income of $XXX income was used to qualify. 9/14/18 - Lender response - as the applicant is XXX% owner the Underwriter accepted the figure on line 7 of the 1120s. 9/21/18 - Clayton - Exception acknowledge by Lender. Exception non-material.

9/13/18 - Exception remains for #2. 9/17/18 - Downgraded to Non- material. Borrower has strong compensating factors.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Verified $299,199.22 , Required $238,395.10 , Reserves $60804.12, Required Reserves $0.00 per FHLMC CFCFS1750: High potential for increased earnings - Clayton Comments: subject property is XXX unit investment which will have rental income. CFCFS1744: DTI below guideline requirement - Clayton Comments: FHLMC Max DTI up to 50% current DTI 43.99%

387

XXXXXX

CA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

B

D

B

D

A

C

A

D

B

D

B

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing XXX party valuation supporting original value of $XXX

9/12/8 - Received Valuation $XXX. XXX% variance.

9/12/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Verified $299,199.22 , Required $238,395.10 , Reserves $60804.12, Required Reserves $0.00 per FHLMC CFCFS1750: High potential for increased earnings - Clayton Comments: subject property is XXX unit investment which will have rental income. CFCFS1744: DTI below guideline requirement - Clayton Comments: FHLMC Max DTI up to 50% current DTI 43.99%

352

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments: Maximum LTV 80%, this transaction 45% CFCFS1739: Postive mortgage payment history - Clayton Comments: Excellent mortgage pay history from 2015 to July 2018. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Minimum score is 720, borrowers score is 763. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Final CD required funds to close of $974,180.22. Statements in file supported assets of $1,797,119.25 with reserves of $822,939.03. 6 months reserves required with a loan amount CLTV > 80% requires 6 months reserves ($6028.49 x 6 =$36,170.94)

7

XXXXXX

NV

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

C

B

D

B

D

A

D

B

C

B

Compliance

Right of Rescission

Active

B

B

B

B

CMPROR1909

Incorrect ROR Form Used - H8 Form Used in Refinance With Original Creditor

No

Regulation Z designates the H9 rescission form as the form designed for same-lender refinance transactions; for this loan the lender is using the H8 form. Regulation Z has language allowing the use of a ‘substantially similar notice.’ Clayton’s view has been that an H8 protects the lender and assignee to at least the same extent as an H9, but Clayton recognized that one could think that the mere existence of the H9 takes away the ‘substantially similar notice’ argument. The majority of XXX that have opined on the issue have upheld the use of an H8 in a same-lender refinance; however, since the XXX decided that the H-8 is not appropriate notice, Clayton grades the use of an H8 form in a same-lender refinance in XXX states as material

(No Data)

(No Data)

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower in same profession 20 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower's have cash reserves of $271,328.17 or 81.18 months; per guidelines 6 months PITIA is required.

7

XXXXXX

NV

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

C

B

D

B

D

A

D

B

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4320

TRID - CD: The stated Closing Costs Financed (Paid from Your Loan Amount) amount in the CD Calculating Cash to Close section (Alt Version) does not equate to the amount based on the Reg's formula.

No

CD dated XXX - Calculating Cash to Close/Closing Costs Financed value is blank. The lender corrected this on the post-close CD dated XXX

(No Data)

4.6.18 - Exception Satisfied.

Numeric

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower in same profession 20 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower's have cash reserves of $271,328.17 or 81.18 months; per guidelines 6 months PITIA is required.

7

XXXXXX

NV

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

C

B

D

B

D

A

D

B

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3676

TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation.

No

XXX% Tolerance Violation of $XXX due to Recording Fee increase on CD XXX with no Valid COC. Title Fees in Section B Payee is not listed on the Service Provider List so are not included in XXX% Tolerance. Provide PCCD, LOE, Refund and proof of delivery.

4.24.18 Lender response ;the total charges can not increase more then XXX% , decreased on the final CD. No cure is needed. Clayton response;Recording fees increased without a proper COC,or refund of $XXX. Exception remains 5.2.18 Lender Response; PC CD dated XXX with refund check for $XXX and LOX sent to borrower

4.24.18 Exception remains. 5.2.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower in same profession 20 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower's have cash reserves of $271,328.17 or 81.18 months; per guidelines 6 months PITIA is required.

7

XXXXXX

NV

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

C

B

D

B

D

A

D

B

C

B

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL140

Missing subordination agreement for existing junior lien

No

Missing terms of subordination / note for subordinated HELOC

4/19/2018: Lender provided a copy of the subordination agreement. This was in the file at initial review. Update to exception comment: Provide the HELOC Note to verify the terms/conditions. 5/8/18 - Lender response - Provided copy of HELOC Agreement.

4/19/2018: Exception remains. 5/9/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower in same profession 20 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower's have cash reserves of $271,328.17 or 81.18 months; per guidelines 6 months PITIA is required.

7

XXXXXX

NV

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

C

B

D

B

D

A

D

B

C

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

4.24.18 –Desk review received.

4.24.18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower in same profession 20 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower's have cash reserves of $271,328.17 or 81.18 months; per guidelines 6 months PITIA is required.

7

XXXXXX

NV

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

C

B

D

B

D

A

D

B

C

B

Property Valuations

FEMA

Satisfied

B

A

B

A

PRVAFEMA856

Natural Disaster Area, no subsequent inspection (Public)

No

Post XXX Disaster Effective date of XXX; Severe Winter Storm, Flooding, Landslides, and Mudslides; Declaration #XXX Note date XXX; Appraisal Date XXX

4.24.18 - PDI received indicating no damage.

4.24.18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower in same profession 20 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower's have cash reserves of $271,328.17 or 81.18 months; per guidelines 6 months PITIA is required.

7

XXXXXX

NV

QM: Safe Harbor

QM: Safe Harbor

D

B

D

A

D

A

C

B

D

B

D

A

D

B

C

B

Property Valuations

Value

Satisfied

N/A

A

N/A

B

PRVAVALU153

Value Not Supported

No

Property valuation received indicating a value outside of tolerance. Field review recommended. Clayton to order.

6.1.18 - Field review provided supporting appraisal value with in tolerance.

6.1.18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower in same profession 20 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower's have cash reserves of $271,328.17 or 81.18 months; per guidelines 6 months PITIA is required.

402

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3564

TRID - There is at least one revised Loan Estimate or Closing Disclosure containing a change that is not documented or supported in the file

No

There were no XXX forms located in the file

9.6.18 Lender provided XXX for CD dated XXX

9.7.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: The maximum LTV is 80%. The borrower LTV is 71.10%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrower credit score is 783. Minimum required per guidelines is 720.

402

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Please provide evidence that CD dated XXX was acknowledged 3 days prior to consummation

9.6.18 Lender provided Disclosure tracking showing CD dated XXX acknowledged on XXX.

9.7.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: The maximum LTV is 80%. The borrower LTV is 71.10%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrower credit score is 783. Minimum required per guidelines is 720.

402

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting appraisal value of $XXX.

9/12/18 - Received valuation $XXX. XXX% variance.

9/12/18 - Exception satisfied

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: The maximum LTV is 80%. The borrower LTV is 71.10%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrower credit score is 783. Minimum required per guidelines is 720.

233

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Active

C

B

C

B

CMPTRID4147

TRID - Closing Disclosure; Optional designation missing from optional insurance product

No

Home Warranty is partial paid by borrower with no "optional" designation.

8.13.18 Lender response; The optional designation for the Home Warranty fee is not needed as the fee is placed under the other section of the CD. Our system does not allow for us to free form type the word "optional" next to the Home Warranty fee. Clayton Response; The parenthetical description “(optional)” shall appear at the end of the label for costs designated borrower-paid at or before closing for any premiums paid for separate insurance, warranty, guarantee, or event-coverage products. Exception Lowered to a 2B . Exception remains

8.14.18 Exception Remains

Non-Numeric

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: 5+ years current employer CFCFS2854: Significant time in profession - Clayton Comments: B1 26 years in current profession. B2 30 years. CFCFS2860: Good credit history - Clayton Comments: All accts. are paid as agreed. Rental reference 0x30 days.

233

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4354

TRID - CD: At least one statement or section of the form that is required by the Regulation is not contained on the form

No

Demand Feature not present on Loan Disclosures section.

8.30.18 Lender provided PC CD date XXX That corrects missing indicators

8.31.18 Exception Satisfied

Hybrid

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: 5+ years current employer CFCFS2854: Significant time in profession - Clayton Comments: B1 26 years in current profession. B2 30 years. CFCFS2860: Good credit history - Clayton Comments: All accts. are paid as agreed. Rental reference 0x30 days.

233

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID4350

TRID - CD: At least one statement or section of the form that is required by the Regulation is not contained on the form

No

Loan Disclosures section does not have a selection for XXX am statement or partial payments section.

8.30.18 Lender provided PC CD date XXX That corrects missing indicators

8.31.18 Exception Satisfied

Hybrid

Not Applicable

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: 5+ years current employer CFCFS2854: Significant time in profession - Clayton Comments: B1 26 years in current profession. B2 30 years. CFCFS2860: Good credit history - Clayton Comments: All accts. are paid as agreed. Rental reference 0x30 days.

291

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Active

B

B

B

B

CMPTRID5019

TRID - Closing Disclosure; Optional designation missing from optional insurance product

No

Client to provide corrected Post-Closing CD with the "optional" designation specified for the Home Warranty fee listed under the Other Costs, Section H. CD's dated XXX show said fee without the "optional" designation.

8.20.18 Lender response; The optional designation for the Home Warranty fee is not needed as the fee is placed under the other section of the CD. Our system does not allow for us to free form type the word "optional" next to the Home Warranty fee. Clayton response; The parenthetical description “(optional)” shall appear at the end of the label for costs designated borrower-paid at or before closing for any premiums paid for separate insurance, warranty, guarantee, or event-coverage products. Exception Remains

8.21.18 Exception remains

Non-Numeric

Not Applicable

CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided at his current residence for 9+ years CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been a XXX for XXX for 10+ years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 755 exceeds guidelines of 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 14.02% is below the guideline requirement of 43% CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been a XXX for XXX for 5.11 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of 68.94 months.

353

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Please provide evidence that CD XXX was acknowledged by borrowers 3 days prior to consummation date of XXX.

9.5.18 Lender provided Disclosure tracking that shows CD XXX Acknowledged by borrower on XXX

9.6.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 782 exceeds guidelines of 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $81,628.78, Required reserves $4208.48 x 6 =$25,250.88 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0 x 30 mortgage history

353

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

9/21/2018 Desk Review provided supports value with a XXX% variance.

9/21/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 782 exceeds guidelines of 720 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $81,628.78, Required reserves $4208.48 x 6 =$25,250.88 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0 x 30 mortgage history

467

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation to support appraised value of $XXX.

9/21/2018 Desk Review provided supports value with a XXX% variance.

9/21/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrowers have 11 years in current profession. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 24 months credit history 0 x 30 consumer credit history and low 4% credit utilization. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves of $130,114.64 (19.37 months PITIA) exceeds required 12 months reserves of $80,903.04 ($6,741.92*12).

196

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 34.23%; guideline maximum is 43% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative Credit Score is 738; Credit score exceeds guidelines of 720.

197

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 65.77%, which is 14.23% less than the guideline max of 80.00% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $97,382.94 in post-closing reserves, which is $72,972.66 more than the guideline required amount of $24,410.28, or 23 months in reserves CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 29.84%, which is 13.16% less than guideline max of 43.00%

198

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $475,731.87 or 112.04 months PITIA. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Per credit report mortgage payment history of 36 months zero lates, exceeds 24 month guideline requirement. CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have lived in current owner occupied residence for 16 years. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been employed in the same profession for 40 years. Co-Borrower has been employed in the same profession for 30 years.

379

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Assets

Satisfied

D

A

D

A

CRDAST2670

Asset documentation is insufficient per guideline requirements

No

Missing asset stmt from XXX account reflecting a balance of $XXX. Account Checks on page 262 shows a balance of $XXX. Account was used as qualifying assets per UW Asset XXX on page 167 and is required to meet clsg and reserve requirements.

9/5/18 - Lender provided Account Check. Balance shows $XXX.

9/5/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Guidelines require a minimum score of 700; subject has a qualifying score of 785. CFCFS1744: DTI below guideline requirement - Clayton Comments: Guidelines allow for a debt ratio of up to 43%; subject transaction has a debt ratio of 27.38%.

105

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

Missing verification of employment for B1/B2 within 10 days of note date. The note date is XXX and the verification of employments are XXX.Appendix Q requires prior to consummation.

7/17/2018: Lender provided VVOEs dated after note date. 7/23/18 - Lender response - The loan was pushed to closing on XXX at that time the VVOE pulled on XXX was valid through XXX. We did not draw docs until XXX which is the date the borrower signed. The VVOE was updated on XXX prior to funding on XXX. 7/24/18 - Clayton - Confirmed Disbursement date XXX.

7/17/2018: Exception remains. 7/24/18 - Exception satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 35%. Max DTI for this program is 43%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 770. Minimum credit score for this program is 720.

105

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Credit

Credit/Mtg History

Active

D

B

D

B

CRDCRMH149

Missing support docs for VOM/VOR (e.g. cancelled checks)

No

Missing XXX month cancel rent checks; the borrower provided rent receipts. The borrowers must provide XXX month cancel checks when renting from a private XXX.

7/18/18 - Lender response - Underwriter accepted rental receipts in lieu of cancelled checks based on documentation provided, in conjunction with applicants strong credit profile as exhibited on the credit report. She did not feel the applicants would have any issues with the rental payments and accepted the receipts to confirm that. 7/20/18 - Clayton- Guidelines were not followed exception remains.

7/20/18 - Exception remains.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 35%. Max DTI for this program is 43%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 770. Minimum credit score for this program is 720.

105

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Credit

Income/Employment

Satisfied

B

A

B

A

CRDINC2496

Verbal verification of employment completed outside the stated requirements and/or after closing/funding

No

Missing verification of employment for B1/B2 within 10 days of note date. The note date is XXX and the verification of employments are XXX.

7/17/2018: Lender provided VVOEs dated after note date. 7/23/18 - Lender response - The loan was pushed to closing on XXX at that time the VVOE pulled on XX was valid through XXX. We did not draw docs until XXX which is the date the borrower signed. The VVOE was updated on XXX prior to funding on XXX. 7/24/18 - Clayton - Confirmed Disbursement date XXX.

7/17/2018: Exception remains. 7/24/18 - Exception satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 35%. Max DTI for this program is 43%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 770. Minimum credit score for this program is 720.

435

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/20/2018 Desk Review provided supports value with a -XXX% variance.

9/20/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $339,522.87 in post-closing reserves, which is $309,252.97 more than the guideline required amount of $30,269.90, or 6 months in reserves of subject PITIA. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 802, which is 82 points higher than the guideline requirement of 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been employed with current employer since 2010, 7 years.

106

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD XXX Other costs section, Field F: HOI is missing payee. Corrected on Final CD XXX. Satisfied.

(No Data)

(No Data)

Hybrid

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer for 12.7 years CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: CoBorrower has been on current job for 15.2 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers reserves total $611,924.83 (67.18 mos). Meets guideline requirements.

380

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/05/2018 Desk Review provided supports value with a XXX% variance.

9/05/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been employed in the same profession for 12 years. Co-Borrower has been employed in the same profession for 12 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 27.67% is 15.33% below maximum allowed DTI of 43%. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 70% is 10% below maximum allowed LTV of 80%.

403

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

B

A

D

A

A

A

D

A

B

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2700

RESPA - List of homeowners counseling organizations not provided w/in 3 days of application

No

Need evidence the List of homeowners counseling organizations was provided within XXX days of application date of XXX.

9.11.18 Lender provided HOC dated XXX

9.12.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been with current employer since 1997, 21 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LtV is 64.54%, which is 15.46% less than the guideline max of 80.00% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $94,133.74 in post-closing reserves, which is $68,510.27 more than the guideline required amount of $25,623.48, or 22 months in reserves of subject PITIA.

403

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

B

A

D

A

A

A

D

A

B

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/11/2018 Desk Review provided supports value with a XXX% variance.

9/11/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been with current employer since 1997, 21 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LtV is 64.54%, which is 15.46% less than the guideline max of 80.00% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $94,133.74 in post-closing reserves, which is $68,510.27 more than the guideline required amount of $25,623.48, or 22 months in reserves of subject PITIA.

199

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $118,512.74 in reserves; 26.82 months PITI. Guidelines require 6 months for subject ($4,418.75x 6 =$26,512.50); CFCFS1744: DTI below guideline requirement - Clayton Comments: Current DTI 35.55%, below guideline requirement of 43%. CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: B2 documented wage earner income in file not being used or needed to qualify.

418

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Please provide evidence that CD dated XXX was acknowledged by the borrowers XXX days prior to consummation

9.10.18 Lender response; The Initial Closing Disclosure dated XXX was mailed to the borrower on XXX and presumed received on XXX. Clayton response; Mail rule is XXX days CD was issued on XXX, final CD was signed on XXX. XXX day waiting period not met. Exception Remains. 9.12.18 Lender provided PC CD dated XXX that shows final CD date XXX.

9.11.18 Exception remains 9.13.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: Dti is 37.59%, which is 5.41% less than guideline max of 43.00% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same industry for the last 16 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 783, which is 63 points higher than the guideline requirement of 720.

418

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing XXX party property valuation supporting the appraised value of $XXX

9/11/2018 Desk Review provided supports value with a -XXX% variance.

9/11/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: Dti is 37.59%, which is 5.41% less than guideline max of 43.00% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same industry for the last 16 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 783, which is 63 points higher than the guideline requirement of 720.

381

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2700

RESPA - List of homeowners counseling organizations not provided w/in 3 days of application

No

Disclosure is not within XXX days of application dated XXX.

9.4.18 Lender provided disclosure tracking that shows property was TBD until XXX

9.5.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 75%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 773 qualifying score. Min required per guidelines is 720 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 4 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $201,020.27 verified cash reserves or 46.32 months PITI cash reserves, 6 months required

381

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

Written List of Providers is not within XXX days of application dated XXX.

9.4.18 Lender provided disclosure tracking that shows property was XXX until XXX

9.5.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 75%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 773 qualifying score. Min required per guidelines is 720 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 4 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $201,020.27 verified cash reserves or 46.32 months PITI cash reserves, 6 months required

381

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3552

TRID - Loan Estimate not timely

No

Initial loan application is dated XXX disclosure were not sent within XXX days.

9.4.18 Lender provided disclosure tracking that shows property was TBD until XXX

9.5.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 75%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 773 qualifying score. Min required per guidelines is 720 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 4 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $201,020.27 verified cash reserves or 46.32 months PITI cash reserves, 6 months required

381

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Please provide confirmation of receipt received for initial CD XXX

9.4.18 Lender provided disclosure tracking showing CD XXX was acknowledged on XXX

9.5.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 75%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 773 qualifying score. Min required per guidelines is 720 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 4 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $201,020.27 verified cash reserves or 46.32 months PITI cash reserves, 6 months required

381

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation supporting the $XXX value.

9/05/2018 Desk Review provided supports value with a XXX% variance.

9/05/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 75%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 773 qualifying score. Min required per guidelines is 720 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been employed for 4 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $201,020.27 verified cash reserves or 46.32 months PITI cash reserves, 6 months required

107

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2698

RESPA - List of homeowners counseling organizations not in file

No

The List of homeowners counseling organizations is not in the file.

7.3.18 Lender response; Please see the following pages. XXX website reported an outage on XXX that affected the Home Ownership Counseling Disclosure. Clayton response; Application date XXX, letter to borrower and pages dated XXX and XXX email to borrower. Still need evidence that the borrower received Homeowners Counseling List. Exception remains 7.12.18 Lender provided disclosure tracking showing the borrower received HCO on XXX 7.10.18 Lender response; The borrower received the disclosure but it did not include the list of Counseling agencies. The disclosure directed the borrowers to a website that was included on the disclosure, to obtain a list of agencies where they could obtain the Homeownership Counseling. The list of agencies were not provided in the initial disclosure package that was provided to the borrower. Clayton response; Please provide an acknowledgement from borrower that it was received. Exception remains 7.10.18

7.4.18 Exception Remains 7.11.18 Exception remains 7.13.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 17.84% Max is 43% CFCFS1737: LTV below guideline requirements - Clayton Comments: 71.27% Max is 80% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: overall mid score of B1 and B2 is 798. Min 720.

108

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 83 months reserves CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 25.47%. Max DTI for this program is 43.00% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 69.64%. Max LTV for this program is 80.00% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 801. Minimum credit score for this program is 720.

109

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2698

RESPA - List of homeowners counseling organizations not in file

No

List of homeowners counseling organizations not in file

7.5.18 lender provided Homeowners Counseling Disc dated XXX

7.5.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves 24.9 months exceeds 14 months required. 12 for subject and 2 for departing residence CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 781, minimum required per G/L is 720

210

XXXXXX

CA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

C

B

A

A

C

A

C

B

C

B

A

A

C

B

C

B

Compliance

TILA/RESPA Integrated Disclosure

Active

C

B

C

B

CMPTRID4147

TRID - Closing Disclosure; Optional designation missing from optional insurance product

No

Section H home warranty is paid by borrower

8.10.18- Lender response; The optional designation for the Home Warranty fee is not needed as the fee is placed under the other section of the CD. Our system does not allow for us to freeform type the word "optional" next to the Home Warranty fee. Clayton response downgraded to Non-Material . Exception Remains

8.12.18 Exception remains

Non-Numeric

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: B1 has 19 years and 1 month on the job. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 54.98%; Max LTV is 80%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves $53,926.26 (10.75 Months PITI); Reserves Required: $30,108.84 (6 x $5018.14)

210

XXXXXX

CA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

C

B

A

A

C

A

C

B

C

B

A

A

C

B

C

B

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

XXX Valuation dated XXX did not return a value for subject proprerty (XXX Property).

8/15/2018 Desk Review provided supports value of $XXX with a XXX% variance.

8/15/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: B1 has 19 years and 1 month on the job. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 54.98%; Max LTV is 80%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves $53,926.26 (10.75 Months PITI); Reserves Required: $30,108.84 (6 x $5018.14)

292

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with XXX for 15 years and 3 months. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived in an owned his primary residence for 9 years and 11 months. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the XXX for 20 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 57.62% is below the guideline requirement of 80.00% CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report shows 0x30 for 46 months CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 22.31% is below the guideline requirement of 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets:File contained calculated assets of $1,249,469.14 which includes $1,249,469.14 Liquid. Cash to close $312,576.99. Reserves $936,892.15 ($276.99 Months PITIA)

262

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Please provide evidence that shows the borrower acknowledged CD XXX Days prior to consummation

8.21.18 Lender provided Disclosure tracking showing CD XXX acknowledged on XXX

8.22.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Borrowers have $43,806.99 in reserves; 9.81 months PITI. Guidelines require 6 months for subject ($4,466.32x 6 =$26,797.92); CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI of 22.12%; Maximum allowable DTI is 43%.

382

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3618

TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing

No

Missing evidence borrower received 3 business days before closing

9.5.18 Lender provided disclosure tracking that shows borrower acknowledged CD XXX ON XXX

9.6.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 784 exceeds guidelines CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower have been employed on the same job for 19 years and 9 months.

382

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Initial CD found in file dated XXX; Loan consummated on XXX, missing evidence borrower received XXX business days before closing

9.5.18 Lender provided disclosure tracking that shows borrower acknowledged CD XXX ON XXX

9.6.18 - Exception Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 784 exceeds guidelines CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower have been employed on the same job for 19 years and 9 months.

382

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing updated valuation to support appraisal value of $XXX.

9/04/2018 Desk Review provided supports value with a XXX% variance.

9/04/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 784 exceeds guidelines CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower have been employed on the same job for 19 years and 9 months.

383

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

C

A

A

A

C

B

A

A

C

B

A

A

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

Missing updated valuation to support appraised value of $XXX.

9/05/2018 Desk Review provided supports value with a -XXX% variance.

9/05/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 18.85 months cash reserves, 6 months required CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 807. Minimum credit score for this program is 720. CFCFS2854: Significant time in profession - Clayton Comments: Borrowers in their professions for 10 years.

200

XXXXXX

CA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 28.45% max 43% CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Borrower receives XXX income not used to qualify. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 165 months PITI reserves verified

267

XXXXXX

CA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has15 job time at current job as a XXX. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 28.26%, maximum is 43% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 63% maximum 80%

263

XXXXXX

PA

QM: Safe Harbor

QM: Safe Harbor

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2698

RESPA - List of homeowners counseling organizations not in file

No

Missing List of homeowners counseling organizations PLEASE provide

8.16.18 Lender provided HOC dated XXX

8.16.18 Exception SATISFIED

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 17 years job time as a XXX for the XXX CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 33 months verified reserves. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage pay history 0x30, 65 months reporting.

201

XXXXXX

MD

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

C

A

A

A

A

A

C

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has >12 months PITI cash reserves. Reserves of $492,945.50. CFCFS1744: DTI below guideline requirement - Clayton Comments: Lender Guideline maximum DTI 43% Borrowers DTI 31.94% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Lender minimum FICO 720 Borrower FICO 796.

110

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

A

B

A

CMPTRID3476

TRID - Written List of Providers not provided or untimely

No

TRID - Written List of Providers not provided or untimely

7.18.18 lender provided Initial Application letter showing tbd until XXX

7.19.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been on current job for over 7 years CFCFS1744: DTI below guideline requirement - Clayton Comments: The lender maximum debt to income ratio is 43%. The borrowers debt to income ratio is 26%. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Coborrower has been on current job for 11.6 years

110

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3552

TRID - Loan Estimate not timely

No

TRID - Loan Estimate not timely

7.18.18 lender provided Initial Application letter showing tbd until XXX

7.19.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been on current job for over 7 years CFCFS1744: DTI below guideline requirement - Clayton Comments: The lender maximum debt to income ratio is 43%. The borrowers debt to income ratio is 26%. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Coborrower has been on current job for 11.6 years

111

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Missing acknowledgment of receipt of CD 3 days prior to consummation

7.13.18 Lender response; Lender provided disclosure tracking showing borrower acknowledged CD XXX

7.13.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: Co-Borrower has worked 11 years in her profession. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower's mid score of 784 exceeded the guideline requirement of 720 by 64 points. CFCFS2860: Good credit history - Clayton Comments: Borrower has no late payments on their credit report in the last 36 months.

293

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Active

B

B

B

B

CMPTRID5019

TRID - Closing Disclosure; Optional designation missing from optional insurance product

No

CD XXX and CD: XXX [Last CD], Section H - Home Warranty fee paid by borrower & not listed as optional.

8.17.18 Lender response; The optional designation for the Home Warranty fee is not needed as the fee is placed under the other section of the CD. Our system does not allow for us to free form type the word "optional" next to the Home Warranty fee. Clayton Response; The parenthetical description “(optional)” shall appear at the end of the label for costs designated borrower-paid at or before closing for any premiums paid for separate insurance, warranty, guarantee, or event-coverage products. Exception remains

8.20.18 Exception Remains

Non-Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 794. Minimum credit score required 720 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower employed with current employer for over 8 years CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower employed with current employer for over 11 years

211

XXXXXX

VA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

Missing evidence taxes and insurance are included in XXX.

8/15/18 - Lender provided Loan Detail showing PITI $XXX.

8/16/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower(s) have $158,003.20 reserves after closing. 29.02 months PITIA. Reserves required $37,795.74 (6 x $5444.29 ) + OREO (2 x $2565) CFCFS2860: Good credit history - Clayton Comments: Oldest tradeline dated 1977, No public records and all liabilities paid as agreed, no inquiries in the past 120 days.

211

XXXXXX

VA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

DTI

Satisfied

D

A

D

A

CRDDTI2540

Missing verification of some or all components of non-subject PITI

No

Missing evidence taxes and insurance are included in XXX.

8/15/18 - Lender provided Loan Detail showing PITI $XXX.

8/16/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower(s) have $158,003.20 reserves after closing. 29.02 months PITIA. Reserves required $37,795.74 (6 x $5444.29 ) + OREO (2 x $2565) CFCFS2860: Good credit history - Clayton Comments: Oldest tradeline dated 1977, No public records and all liabilities paid as agreed, no inquiries in the past 120 days.

202

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Borrowers have $177,082.89 in reserves; 37.57 months PITI. Guidelines require 6 months for subject ($4,713.15x 6 =$28,278.9); an additional 2 months reserves required for each additional REO ($2973*2=$5946) Total required reserves are $34,224.90. CFCFS1744: DTI below guideline requirement - Clayton Comments: Current DTI is 33.88% which is below max DTI 43%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 803. Min 720.

324

XXXXXX

TX

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

8/27/2018 Desk Review provided supports value with a XXX% variance.

8/27/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been on her job for 15 years and 1 month. CFCFS1739: Postive mortgage payment history - Clayton Comments: Borrowers have 36 months mortgage history with no late pays.

264

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD: XXX, Section F Prepaids Homeowners Insurance Premium missing the number of months CD: XXX, Section F Prepaids Homeowner's Insurance Premium missing payee name. Corrected on Final CD dated XXX. EXCEPTION SATISFIED

(No Data)

(No Data)

Hybrid

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: B1 has been a XXX FOR 8 years. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been with same Employer 8 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrowers qualifying credit score is 781; exceeds guidelines of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 20.10% is below the guideline requirement of 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets:File contained calculated assets $257,780.92 which includes $226,570.32 Liquid. Cash to close $149,937.16. Reserves $107,843.76. Reserves required $24,291.12 (6 x $4048.52)

264

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4360

TRID - CD: At least one section contains a disclosure that is not in accordance with the Regulation

No

CD: XXX, Missing Product type. Corrected on CD XXX Exception satisfied

(No Data)

(No Data)

Hybrid

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: B1 has been a XXX FOR 8 years. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been with same Employer 8 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrowers qualifying credit score is 781; exceeds guidelines of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 20.10% is below the guideline requirement of 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets:File contained calculated assets $257,780.92 which includes $226,570.32 Liquid. Cash to close $149,937.16. Reserves $107,843.76. Reserves required $24,291.12 (6 x $4048.52)

264

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

Appraised value $XXX Desk Review value $XXX = variance of XXX% which is greater than XXX% tolerance

8/28/18 Field review received supporting original appraisal value within tolerance.

8/28/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession - Clayton Comments: B1 has been a XXX FOR 8 years. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been with same Employer 8 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrowers qualifying credit score is 781; exceeds guidelines of 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 20.10% is below the guideline requirement of 43% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets:File contained calculated assets $257,780.92 which includes $226,570.32 Liquid. Cash to close $149,937.16. Reserves $107,843.76. Reserves required $24,291.12 (6 x $4048.52)

294

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

B

B

B

B

CMPTRID4352

TRID - CD: At least one section contains formatting that does not comply with the Regulation

No

CD: XXX, Loan Costs, Field: Is the Loan Costs Details section properly formatted Pest Inspection fee has payable to name as to be determined. Corrected on subsequent CD dated XXX

(No Data)

8.14.18 - Exception Satisfied.

Hybrid

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 27 months verified reserves. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 18.87% maximum is 43%.

294

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Property Valuations

Value

Satisfied

C

A

C

B

PRVAVALU153

Value Not Supported

No

Appraisal dated XXX value $XXX, desk review dated XXX $XXX, variance XXX% exceeds tolerance. Field review recommended.

8/31/2018 Desk Review provided supports value with a XXX% vaiance.

8/31/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have 27 months verified reserves. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 18.87% maximum is 43%.

427

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2700

RESPA - List of homeowners counseling organizations not provided w/in 3 days of application

No

Application date XXX. First LE XXX. Missing LE

9.12.18 Lender response; Please see following. Property was in TBD status until XXX. Disclosures were electronically provided to the borrower on XXX. Borrower viewed/received the same day. Uploading LE and Homeowners counseling disclosure

9.13.18 Exception satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $49,594.27. 15.05 months PITIA. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 774 exceeds guidelines 720 by 54 points

427

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3552

TRID - Loan Estimate not timely

No

Application date XXX. Please provide initial LE dated XXX

9.12.18 Lender response; Please see following. Property was in TBD status until XXX. Disclosures were electronically provided to the borrower on XXX. Borrower viewed/received the same day. Uploading LE and Homeowners counseling disclosure

9.13.18 Exception Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $49,594.27. 15.05 months PITIA. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 774 exceeds guidelines 720 by 54 points

427

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX.

9/12/2018 Desk Review provided supports value with a XXX% variance.

9/12/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $49,594.27. 15.05 months PITIA. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 774 exceeds guidelines 720 by 54 points

268

XXXXXX

VA

QM: GSE Temporary - QM/SH

QM: GSE Temporary - QM/SH

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the Appraised vale of $XXX

8.14.18 - Desk review provided with <XXX variance

8.14.18 - Exception satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been the XXX with XXX for 6 years and has been in the same profession for 10 years. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co Borrower has been an XXX for XXX for 5 years and has been in the same profession for 8 years CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit Report is showing 0x30 in 23 months.

404

XXXXXX

VA

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing property valuation supporting the appraised value of $XXX

9/12/2018 Desk Review provided supports value with a -XXX% variance.

9/12/2018 Exception satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $78,961.14 (16.34 months PITIA) exceed required 6 months reserves. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 31.30% below guideline of 43% by 11.7%.

112

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL137

Missing copy of 2nd lien Note (subject is 1st lien)

No

Loan is missing verification of repayment terms of XXX lien for $XXX, per CD and monthly payment of $XXX, per 1008; therefore, DTI and CLTV ratios are incorrect. Please provide repayment terms for XXX for $XXX.

7/18/18 - Lender response - See attached HELOC Agreement.

7/20/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been at present job for 10 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score of 797 exceeds minimum of 720. CFCFS1739: Postive mortgage payment history - Clayton Comments: Borrower has held mortgages since 02/2006 and has never been late.

112

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL139

Missing copy of 2nd lien HUD-1 (subject is 1st lien)

No

Missing XXX Lien CD in the amount of $XXX

7/18/18 - Lender response - See attached CD.

7/20/18 - Exception satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been at present job for 10 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score of 797 exceeds minimum of 720. CFCFS1739: Postive mortgage payment history - Clayton Comments: Borrower has held mortgages since 02/2006 and has never been late.

203

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers have a median credit score of 783, which is 63 points higher than the guideline requirement of 720. CFCFS1736: Significant time at current residence - Clayton Comments: Resided in primary residence for 10 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have $384,141.63 in post-closing reserves, which is $324,569.73 more than the guideline required amount of $59,571.90, or 78 months in reserves CFCFS1749: Additional documented income not used in qualifying - Clayton Comments: Borrower has positive Schedule C income that is not being used to qualify

295

XXXXXX

NJ

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage history on credit report reviewed for 66 Months; 0 x 30. CFCFS1744: DTI below guideline requirement - Clayton Comments: The lender maximum debt to income ratio is 43%. The borrowers debt to income ratio is 35.73%.

Client Name:	Everbank
Client Project Name:	TBMLT 2018-3
Start - End Dates:	11/2017 TO 09/2018
Deal Loan Count:	478
Report Run Date:	10/16/2018 5:35 PM

Conditions Report 2.0

Loans in Report:	478
Loans with Conditions:	373

Loan Number

TRID Indicator

Lender Application Date

Broker Application Date

Initial Securitization Overall Loan Grade

Final Securitization Overall Loan Grade

Initial Securitization Credit Loan Grade

Final Securitization Credit Loan Grade

Initial Securitization Property Valuations Loan Grade

Final Securitization Property Valuations Loan Grade

Initial Securitization Compliance Loan Grade

Final Securitization Compliance Loan Grade

Initial S&P Overall Loan Grade

Final S&P Overall Loan Grade

Initial S&P Credit Loan Grade

Final S&P Credit Loan Grade

Initial S&P Property Valuations Loan Grade

Final S&P Property Valuations Loan Grade

Initial S&P Compliance Loan Grade

Final S&P Compliance Loan Grade

269

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

234

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

296

Yes

XXXXXX

XXXXXX

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

265

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

325

Yes

XXXXXX

XXXXXX

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

388

Yes

XXXXXX

XXXXXX

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

297

Yes

XXXXXX

XXXXXX

D

A

A

A

D

A

A

A

D

B

A

A

D

B

A

A

354

Yes

XXXXXX

XXXXXX

C

A

A

A

C

A

C

A

C

A

A

A

C

A

C

A

9

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

10

Yes

XXXXXX

XXXXXX

C

A

C

A

A

A

B

A

C

A

C

A

A

A

B

A

212

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

113

Yes

XXXXXX

XXXXXX

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

326

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

270

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

355

Yes

XXXXXX

XXXXXX

D

A

D

A

D

A

D

A

D

A

D

A

D

A

D

A

298

Yes

XXXXXX

XXXXXX

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

271

Yes

XXXXXX

XXXXXX

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

299

Yes

XXXXXX

XXXXXX

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

11

Yes

XXXXXX

XXXXXX

D

B

A

A

D

A

C

B

D

B

A

A

D

A

C

B

300

Yes

XXXXXX

XXXXXX

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

114

Yes

XXXXXX

XXXXXX

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

115

Yes

XXXXXX

XXXXXX

D

A

D

A

A

A

C

A

D

A

D

A

A

A

C

A

116

Yes

XXXXXX

XXXXXX

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

12

Yes

XXXXXX

XXXXXX

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

1

Yes

XXXXXX

XXXXXX

D

B

A

A

D

A

C

B

D

B

A

A

D

B

C

B

436

Yes

XXXXXX

XXXXXX

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

117

Yes

XXXXXX

XXXXXX

C

A

A

A

C

A

C

A

C

B

A

A

C

B

C

A

301

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

13

Yes

XXXXXX

XXXXXX

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

118

Yes

XXXXXX

XXXXXX

D

B

A

A

C

A

D

B

D

B

A

A

C

B

D

B

14

Yes

XXXXXX

XXXXXX

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

15

Yes

XXXXXX

XXXXXX

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

204

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

205

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

206

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

327

Yes

XXXXXX

XXXXXX

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

384

Yes

XXXXXX

XXXXXX

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

385

Yes

XXXXXX

XXXXXX

D

B

B

A

D

A

C

B

D

B

B

A

D

A

C

B

119

Yes

XXXXXX

XXXXXX

C

A

B

A

A

A

C

A

C

A

B

A

A

A

C

A

120

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

213

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

121

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

16

Yes

XXXXXX

XXXXXX

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

122

Yes

XXXXXX

XXXXXX

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

17

Yes

XXXXXX

XXXXXX

C

A

C

A

A

A

B

A

C

A

C

A

A

A

B

A

123

Yes

XXXXXX

XXXXXX

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

124

Yes

XXXXXX

XXXXXX

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

125

Yes

XXXXXX

XXXXXX

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

328

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

302

Yes

XXXXXX

XXXXXX

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

475

Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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171

Yes

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Yes

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Yes

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Yes

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Yes

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411

Yes

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Yes

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Yes

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317

Yes

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254

Yes

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76

Yes

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412

Yes

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77

Yes

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Yes

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Yes

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Yes

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Yes

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413

Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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Yes

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106

Yes

XXXXXX

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B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

380

Yes

XXXXXX

XXXXXX

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

403

Yes

XXXXXX

XXXXXX

D

A

A

A

D

A

B

A

D

A

A

A

D

A

B

A

199

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

418

Yes

XXXXXX

XXXXXX

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

381

Yes

XXXXXX

XXXXXX

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

107

Yes

XXXXXX

XXXXXX

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

108

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

109

Yes

XXXXXX

XXXXXX

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

210

Yes

XXXXXX

XXXXXX

C

B

A

A

C

A

C

B

C

B

A

A

C

B

C

B

292

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

262

Yes

XXXXXX

XXXXXX

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

382

Yes

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D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

383

Yes

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C

A

A

A

C

A

A

A

C

B

A

A

C

B

A

A

200

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

267

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

263

Yes

XXXXXX

XXXXXX

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

201

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

C

A

A

A

A

A

C

A

110

Yes

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XXXXXX

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

111

Yes

XXXXXX

XXXXXX

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

293

Yes

XXXXXX

XXXXXX

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

211

Yes

XXXXXX

XXXXXX

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

202

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

324

Yes

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D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

264

Yes

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C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

294

Yes

XXXXXX

XXXXXX

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

427

Yes

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XXXXXX

D

A

A

A

D

A

C

A

D

A

A

A

D

A

C

A

268

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

404

Yes

XXXXXX

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D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

112

Yes

XXXXXX

XXXXXX

D

A

D

A

A

A

A

A

D

A

D

A

A

A

A

A

203

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

295

Yes

XXXXXX

XXXXXX

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A