Customer Loan ID

Loan Exception ID

Exception ID

Exception Category

Exception Sub Category

Exception Description

Exception Comments

Seller Response

Reviewer Response

Compensating Factors

Exception Status

Initial Exception Grade

Final Exception Grade

Initial DBRS Exception Grade

Final DBRS Exception Grade

Initial Moodys Exception Grade

Final Moodys Exception Grade

Initial Fitch Exception Grade

Final Fitch Exception Grade

Initial Kroll Exception Grade

Final Kroll Exception Grade

Initial S&P Exception Grade

Final S&P Exception Grade

LD2021020080

245_175_-96366

-96366

Compliance

Charges That Cannot Increase Test

This loan passed the charges that cannot increase test.  (12 CFR §1026.19(e)(3)(i))The loan contains charges that do not exceed the good faith determination according to §1026.19(e)(3)(i).Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). The CD reflecting the additional fee of Appraisal Reinspection, dated XX/XX/XXXX, was not dated within 3 days of the valid COC, the appraisal reinspection occurred on XX/XX/XXXX. No evidence of a tolerance cure was provided in file. A tolerance cure of $XXX.XX is required. Please provide corrected CD, evidence of Refund to the Borrower, letter of explanation and proof of delivery to the Borrower. The CD reflecting the additional fee of Appraisal Reinspection, dated XX/XX/XXXX, was not dated within 3 days of the valid COC, the appraisal reinspection occurred on XX/XX/XXXX. No evidence of a tolerance cure was provided in file. A tolerance cure of $XXX.XX is required. Please provide corrected CD, evidence of Refund to the Borrower, letter of explanation and proof of delivery to the Borrower.

(2021-05-11) The Lender provided a tolerance cure for $XXX, LOE and an updated CD.  Finding cleared. (2021-04-27) The CD reflecting the additional fee of Appraisal Reinspection, dated XX/XX/XXXX, was not dated within 3 days of the valid COC, the appraisal reinspection occurred on XX/XX/XXXX. No evidence of a tolerance cure was provided in file. A tolerance cure of $XXX.XX is required. Please provide corrected CD, evidence of Refund to the Borrower, letter of explanation and proof of delivery to the Borrower.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 7.25 years in field. ; Summary: Refinance reduces rate from 4.13% to 2.63%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020080

245_175_-96368

-96368

Compliance

Consummation or Reimbursement Date Validation Test

This loan failed the closing or reimbursement date validation test.The loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations.

(2021-05-11) The Lender provided a tolerance cure for $XXX, LOE and an updated CD.  Finding cleared.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 7.25 years in field. ; Summary: Refinance reduces rate from 4.13% to 2.63%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020080

245_175_-96369

-96369

Compliance

Reimbursement Amount Validation Test

This loan failed the reimbursement amount validation test.The loan failed one or more tolerance tests and did not provide a reimbursement amount. This information is necessary in order to correctly perform reimbursement calculations.

(2021-05-11) The Lender provided a tolerance cure for $XXX, LOE and an updated CD.  Finding cleared.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 7.25 years in field. ; Summary: Refinance reduces rate from 4.13% to 2.63%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020080

245_175_-96455

-96455

Compliance

Revised Closing Disclosure Delivery Date and Changed Circumstances Date Test

This loan failed the revised closing disclosure delivery date and changed circumstances date test. ( 12 CFR §1026.19(e)(3)(iv)(A) - (C), (E), (F) , and (D) as amended in 2015 ,  12 CFR §1026.19(e)(4)(i) )The revised closing disclosure delivery date is either:Later than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions) after the creditor receives information sufficient to establish that a changed circumstance has occurred; orBefore the creditor receives information sufficient to establish that a changed circumstance has occurred.This calculation takes into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §1026.2(a)(6) and as it relates to §1026.19(e)(4)(i) (revised loan estimate disclosure) and §1026.19(e)(4)(ii) (relationship to closing disclosure). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:As not being open on SundayAs not being open on SaturdayPLEASE NOTE: If a conflict results from the client preferences configured on the company settings business days profile page such that a day is marked as both open and closed, ComplianceAnalyzer calculations will presume the company's offices are closed to the public for carrying on substantially all of its business functions. If this is not the appropriate result, you must revise your settings to remove the conflict.If a creditor uses a revised estimate for the purpose of determining good faith for the zero tolerance and 10% tolerance categories under §1026.19(e)(3)(i) and (ii), the creditor shall provide a revised version of the disclosures required under §1026.19(e)(1)(i) reflecting the revised estimate either:Within three business days of receiving information sufficient to establish that one of the reasons for revision provided under §1026.19(e)(3)(iv)(A) through (C), (E) and (F) applies; orNo later than three business days after the date the interest rate is locked, for revision provided under §1026.19(e)(3)(iv)(D). The revised version of the disclosures required under §1026.19(e)(1)(i) shall contain the revised interest rate, the points disclosed pursuant to §1026.37(f)(1), lender credits, and any other interest rate dependent charges and terms.Official Interpretations12 C.F.R. §1026.19(e)(4)(ii)Relationship to disclosures required under §1026.19(f)(1)(i).Revised disclosures may not be delivered at the same time as the Closing Disclosure. §1026.19(e)(4)(ii) prohibits a creditor from providing a revised version of the disclosures required under §1026.19(e)(1)(i) on or after the date on which the creditor provides the disclosures required under §1026.19(f)(1)(i)...If, however, there are less than four business days between the time the revised version of the disclosures is required to be provided pursuant to §1026.19(e)(4)(i) and consummation, creditors comply with the requirements of §1026.19(e)(4) if the revised disclosures are reflected in the disclosures required by §1026.19(f)(1)(i).

(2021-05-14) Lender provided the missing document. Condition cleared.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 7.25 years in field. ; Summary: Refinance reduces rate from 4.13% to 2.63%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020080

245_175_-96381

-96381

Compliance

TRID Initial Closing Disclosure Date and Post-Consummation Event Requiring Redisclosure Validation Test

This loan failed the TRID initial closing disclosure date and post-consummation event requiring redisclosure date validation test.This loan contains an initial closing disclosure receipt date (or initial closing disclosure delivery date if receipt date was not provided) that is after the post-consummation event requiring redisclosure date. Please review the loan data to ensure the dates are in the correct fields.

(2021-05-14) Condition has been cleared.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 7.25 years in field. ; Summary: Refinance reduces rate from 4.13% to 2.63%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020080

245_175_-96382

-96382

Compliance

TRID Initial Closing Disclosure Date and Post-Consummation Revised Closing Disclosure Date Validation Test

This loan failed the TRID initial closing disclosure date and post-consummation revised closing disclosure date validation test.This loan contains an initial closing disclosure receipt date (or initial closing disclosure delivery date if receipt date was not provided) that is after the post-consummation revised closing disclosure date. Please review the loan data to ensure the dates are in the correct fields.

(2021-05-14) Condition has been cleared.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 7.25 years in field. ; Summary: Refinance reduces rate from 4.13% to 2.63%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020285

245_42_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-22) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.63% to 2.88%. ; Summary: Borrower has resided in current property for 10.00 years.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020396

245_86_1052

1052

Credit

Borrower credit report dated greater than 120 days from Note date

Borrower's credit report is dated  XX/XX/XXXX which is greater than 120 days before the note date. Borrower's credit report is dated XX/XX/XXXX which is greater than 120 days before the note date.

(2021-05-07) Lender provided valid credit report dated XX/XX/XXXX.  The documentation is deemed acceptable.  Condition is cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020396

245_86_1126

1126

Credit

CLTV exceeds guidelines

The exception 'CLTV exceeds guidelines' is cleared. From fields in template: Calculated CLTV ---- 65.78 Guideline CLTV ---- 65.78

(2021-05-07) Actual LTV/CLTV is 65.77889%.  Condition is cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020396

245_86_11312

11312

Credit

DTI Exceeds Guidelines

Guidelines reflect a DTI of 28.13%. Due to a miscalculation of debts to income, the actual DTI is 34.85%. Income  used includes total borrower income $XX,XXX.XX plus subject property positive rental income $0.00 plus other REO positive rental income $0.00. Total debt amount used is $X,XXX.XX. The AUS reflects a maximum allowable DTI of 26.90%.  Due to the improper calculation of income the actual DTI is 34.85%.  The Lender included bonus income of  $X,XXX.XX. However, the loan file is missing evidence of bonus income for the borrower.

(2021-05-07) Lender provided a valid, updated credit report and updated, valid AUS.  The documentation is deemed acceptable.  Condition is cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020396

245_86_10210

10210

Credit

Failure to obtain Title

A Copy of Title for the subject property was not provided. A Copy of Title for the subject property was provided, however the title was not legible.

(2021-05-11) Lender provided an acceptable title policy.  The condition is cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020396

245_86_11847

11847

Credit

Invalid AUS

The Lender's Guidelines/Agency Guidelines require loan data to be resubmitted to LP if the data changes from the time the AUS was last run. The most recent AUS in file reflects issues with DTI, Income,. The AUS reflects a maximum allowable DTI of 26.90%.  Due to the improper calculation of income the actual DTI is 34.85%.  The Lender included bonus income of  $X,XXX.XX. However, the loan file is missing evidence of bonus income for the borrower.

(2021-05-07) Lender provided an updated, valid AUS.  The documentation is deemed acceptable.  Condition is cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020396

245_86_1120

1120

Credit

LTV exceeds guidelines

The exception 'LTV exceeds guidelines' is cleared. From fields in template: Calculated LTV ---- 65.78 Guideline LTV ---- 65.78

(2021-05-07) Actual LTV/CLTV is 65.77889%.  Condition is cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020396

245_86_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020396

245_86_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). The loan file is missing the most recent paystubs for the borrower. The paystubs in the loan file are > 120 days from the Note date.

(2021-05-07) AUS Standards are now met and loan meets TQM standards. (2021-05-07) Lender provided updated, valid AUS.  The documentation is deemed acceptable.  Condition is cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020211

245_136_1454

1454

Credit

Missing Evidence of Insurance for Primary Residence

Missing Evidence of Insurance for Primary Residence

(2021-05-07) Lender provided evidence that the borrowers’ mortgage payment includes escrows.  The documentation is deemed acceptable.  Condition is waived and cleared.

Summary: UW Guides require 2.00 months reserves, loan qualified with 6.31 months reserves. ; Summary: Borrower has resided in current property for 13.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 21.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020211

245_136_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: UW Guides require 2.00 months reserves, loan qualified with 6.31 months reserves. ; Summary: Borrower has resided in current property for 13.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 21.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020211

245_136_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Missing evidence of the first mortgage on the primary residence as required by item #14 on the AUS.

(2021-05-07) AUS Standards are now met and loan meets TQM standards. (2021-05-07) Lender provided evidence that the borrowers’ mortgage payment includes escrows.  The documentation is deemed acceptable.  Condition is waived and cleared.

Summary: UW Guides require 2.00 months reserves, loan qualified with 6.31 months reserves. ; Summary: Borrower has resided in current property for 13.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 21.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020211

245_136_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-30) This breach finding is non-material and will be rated a B grade.

Summary: UW Guides require 2.00 months reserves, loan qualified with 6.31 months reserves. ; Summary: Borrower has resided in current property for 13.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 21.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020084

245_7_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 2.64% to 2.50%. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 15.00 years in field. ; Summary: Borrower has resided in current property for 5.00 years.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020003

245_174_12428

12428

Credit

Missing Evidence of Property Taxes for REO2

Evidence of property taxes for property 2  on the final application not provided.

(2021-05-04) Morgage Statement for REO2 with escrows for taxes and insurance was provided within the original loan file. Condition rescinded. (2021-05-04) Lender provided evidence of Property Taxes for REO2.  Documentation submitted is deemed acceptable, condition cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: UW guides maximum DTI of 45.00%, loan qualified with DTI of 31.03%. ; Summary: Refinance reduces rate from 3.25% to 2.50%. ; Summary: FICO is higher than guidelines. FICO is:  742 and the guideline  is:680. ; Summary: Primary borrower has 15.08 years in field.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020003

245_174_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: UW guides maximum DTI of 45.00%, loan qualified with DTI of 31.03%. ; Summary: Refinance reduces rate from 3.25% to 2.50%. ; Summary: FICO is higher than guidelines. FICO is:  742 and the guideline  is:680. ; Summary: Primary borrower has 15.08 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020398

245_70_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 3.25% to 2.88%. ; Summary: Borrower has resided in current property for 22.00 years. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX. ; Summary: Primary borrower has 30.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020292

245_53_1435

1435

Compliance

RESPA: Servicing Disclosure Statement Not Executed

RESPA: Servicing Disclosure Statement is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-22) This breach finding is non-material and will be rated a B grade.

Summary: UW Guides require 2.00 months reserves, loan qualified with 272.16 months reserves. ; Summary: Refinance reduces rate from 4.25% to 2.50%. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX. ; Summary: Borrower has resided in current property for 22.00 years.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020353

245_173_11312

11312

Credit

DTI Exceeds Guidelines

The exception 'DTI Exceeds Guidelines' is cleared. From fields in template: Loan Type ---- Conventional Debt Ratio ---- 42.32 Guideline DTI with Tolerance ---- 45

(2021-05-13) Lender provided evidence of housing expenses paid by relatives.  Expenses on this property were omitted from the DTI.  Condition is cleared. (2021-05-13) Lender submitted bank statements yet these bank statements list the borrower's name on them as recent as XX/XX/XXXX with a XXX mortgage payment deduction.  There is no evidence in file to support exclusion of REO1. Condition remains.

Summary: UW Guides require 3.12 months reserves, loan qualified with 12.20 months reserves. ; Summary: Refinance reduces rate from 3.25% to 2.50%. ; Summary: Primary borrower has 18.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020353

245_173_11847

11847

Credit

Invalid AUS

The exception 'Invalid AUS' is cleared. From fields in template: How Was Loan Underwritten ---- AUS DTI ---- No Reserves ---- No LTV ---- No CLTV ---- No FICO ---- No Subject PITI ---- No Income ---- No Occupancy ---- No Assets ---- No Other Debt ---- No Incorrect Figures ---- No Omission of Debt ---- No Wrong Loan Amount ---- No Subject Property Address ---- No

(2021-05-13) Lender provided evidence of housing expenses paid by relatives.  Expenses on this property were omitted from the DTI.  Condition is cleared. (2021-05-13) Lender submitted bank statements yet these bank statements list the borrower's name on them as recent as XX/XX/XXXX with a XXX mortgage payment deduction.  There is no evidence in file to support exclusion of REO1. Condition remains.

Summary: UW Guides require 3.12 months reserves, loan qualified with 12.20 months reserves. ; Summary: Refinance reduces rate from 3.25% to 2.50%. ; Summary: Primary borrower has 18.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020353

245_173_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application. The Verbal Verification of Employment is dated > 10 days prior to the Note.

(2021-05-06) The Lender provided a VVOE dated XX/XX/XXXX, which is within 10 days prior to the Note date.  Finding cleared.

Summary: UW Guides require 3.12 months reserves, loan qualified with 12.20 months reserves. ; Summary: Refinance reduces rate from 3.25% to 2.50%. ; Summary: Primary borrower has 18.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020353

245_173_1456

1456

Credit

Missing Evidence of Insurance for REO1

Missing Evidence of Insurance for property 2 on final application

(2021-05-13) Lender provided evidence of housing expenses paid by relatives.  Expenses on this property were omitted from the DTI.  Condition is cleared. (2021-05-13) No evidence of insurance provided for REO1. Condition remains. (2021-05-12) Lender provided evidence of insurance for subject property (XXXXXXX), not REO1(XXXXXXXXX).  Condition remains. (2021-XX-06) The HOI for REO1 was not verified.  The lender provided a credit supplement which reflects that the mortgage for this property was paid by a 3rd party.  However, bank statements in file indicate that the payments for this mortgage were paid by the borrower on a biweekly basis.  There is no evidence in file to support the exclusion of the mortgage for REO1.  There is also no evidence of the HOI for REO1.  Finding retained.

Summary: UW Guides require 3.12 months reserves, loan qualified with 12.20 months reserves. ; Summary: Refinance reduces rate from 3.25% to 2.50%. ; Summary: Primary borrower has 18.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020353

245_173_1453

1453

Credit

Missing Evidence of Property Taxes for REO1

Evidence of property taxes for property 2  on the final application not provided.

(2021-05-13) Lender provided evidence of housing expenses paid by relatives.  Expenses on this property were omitted from the DTI.  Condition is cleared. (2021-05-13) Lender provided no evidence of taxes for REO1. Condition remains. (2021-05-12) Lender provided evidence of taxes for subject property (XXXXXXX), not REO1(XXXXXXXXX).  Condition remains. (2021-05-06) The property taxes for REO1 were not verified.  The lender provided a credit supplement which reflects that the mortgage for this property was paid by a 3rd party.  However, bank statements in file indicate that the payments for this mortgage were paid by the borrower on a biweekly basis.  There is no evidence in file to support the exclusion of the mortgage for REO1.  There is also no evidence of the property taxes for REO1.  Finding retained.

Summary: UW Guides require 3.12 months reserves, loan qualified with 12.20 months reserves. ; Summary: Refinance reduces rate from 3.25% to 2.50%. ; Summary: Primary borrower has 18.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020353

245_173_13095

13095

Credit

Missing Payoff Statement for prior loan

Missing payoff statement for prior loan.

(2021-05-06) The Lender provided a payoff dated X/XX/XXXX, where the payoff amount lines up to the amount reflected on the final CD.  Finding cleared.

Summary: UW Guides require 3.12 months reserves, loan qualified with 12.20 months reserves. ; Summary: Refinance reduces rate from 3.25% to 2.50%. ; Summary: Primary borrower has 18.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020353

245_173_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: UW Guides require 3.12 months reserves, loan qualified with 12.20 months reserves. ; Summary: Refinance reduces rate from 3.25% to 2.50%. ; Summary: Primary borrower has 18.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020353

245_173_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). The VVOE is not within 10 business days prior to the Note date as required by the AUS.

(2021-05-13) AUS Standards are now met and loan meets TQM standards. (2021-05-13) AUS Standards are now met and this condition is cleared. (2021-05-06) The Lender provided a VVOE dated XX/XX/XXXX, which is within 10 days prior to the Note date.  Finding cleared.

Summary: UW Guides require 3.12 months reserves, loan qualified with 12.20 months reserves. ; Summary: Refinance reduces rate from 3.25% to 2.50%. ; Summary: Primary borrower has 18.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020353

245_173_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-29) This breach finding is non-material and will be rated a B grade.

Summary: UW Guides require 3.12 months reserves, loan qualified with 12.20 months reserves. ; Summary: Refinance reduces rate from 3.25% to 2.50%. ; Summary: Primary borrower has 18.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020400

245_170_13095

13095

Credit

Missing Payoff Statement for prior loan

Missing payoff statement for prior loan. Payoff statement for first mortgage lien not provided.

(2021-05-04) Lender provided payoff statement for subject property. Document submitted is deemed acceptable.  Condition cleared.

Summary: Coborrower has 25.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Borrower has resided in current property for 8.00 years.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020400

245_170_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Coborrower has 25.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Borrower has resided in current property for 8.00 years.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020400

245_170_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. Affiliated Business Disclosure not executed. This breach finding is non-material and will be rated a B grade.

(2021-04-26) This breach finding is non-material and will be rated a B grade.

Summary: Coborrower has 25.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Borrower has resided in current property for 8.00 years.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020062

245_171_11847

11847

Credit

Invalid AUS

The Lender's Guidelines/Agency Guidelines require loan data to be resubmitted to LP if the data changes from the time the AUS was last run. The most recent AUS in file reflects issues with  LTV, CLTV,.

(2021-05-14) Condition is not applicable and has been rescinded.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020062

245_171_962

962

Credit

Missing Appraisal

Appraisal not provided.

(2021-05-14) Condition is not applicable and has been rescinded.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020062

245_171_16463

16463

Credit

Missing Secondary Valuation

A valid secondary valuation supporting the origination appraisal value is not present, CU Score is Missing, Unknown, Unknown, Unknown

(2021-05-14) Condition is not applicable and has been rescinded.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020062

245_171_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020062

245_171_16249

16249

Compliance

Calculated Values in Date Range section on Closing Disclosure not reflected accurately |SFA 3.0

Calculated Values in Date Range section on Closing Disclosure not reflected accurately Lender used $XXX.XX for subject taxes vs. actual subject taxes of $XXX.XX based on updated tax certification in the loan file dated XX/XX/XXXX.

(2021-05-03) Finding not applicable, rescinded.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020062

245_171_-96366

-96366

Compliance

Charges That Cannot Increase Test

This loan passed the charges that cannot increase test.  (12 CFR §1026.19(e)(3)(i))The loan contains charges that do not exceed the good faith determination according to §1026.19(e)(3)(i).Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).

(2021-05-14) Condition is not applicable and has been rescinded.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020062

245_171_17118

17118

Compliance

Closing Disclosure does not match actual calculated values for Estimated Escrow |SFA 3.0

Closing Disclosure does not match actual calculated values for Estimated Escrow Lender used $XXX.XX for subject taxes vs. actual subject taxes of $XXX.XX based on updated tax certification in the loan file dated XX/XX/XXXX.

(2021-05-03) Finding not applicable, rescinded.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020062

245_171_17538

17538

Compliance

Information required for CD 'Loan Disclosures' Escrow Account section not completed or completed in error |SFA 3.0

Information required for CD 'Loan Disclosures' Escrow Account section not completed or completed in error Lender used $XXX.XX for subject taxes vs. actual subject taxes of $XXX.XX based on updated tax certification in the loan file dated XX/XX/XXXX.

(2021-05-03) Lender provided letter of explanation and corrected CD.  This finding is deemed non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020062

245_171_16061

16061

Compliance

Initial Closing Disclosure timing requirement not met - missing consummation date

This loan failed the initial CD delivery date test due to one of the following findings: The initial CD delivery date is provided and the initial CD disclosure method of delivery is marked as either: "USPS First Class Mail" or "Electronic Delivery" or blank, and the initial CD delivery date is less than six business days before the consummation date, or the closing/settlement date if no consummation date is provided, of the transaction; or "In Person" and the initial CD delivery date is less than three business days before the consummation date, or the closing/settlement date if no consummation date is provided, of the transaction; or the initial CD receipt date is provided and the initial CD receipt date is less than three business days before consummation date, or closing/settlement date if no consummation date is provided, of the transaction. The loan file is missing evidence of receipt of the initial CD. When applying the mailbox rule,  timing from receipt of the initial CD to consummation is not met. Provide evidence of the date the borrower received the intial CD.

(2021-05-07) Initial CD provided meeting appropriate timing requirements. (2021-05-07) The Lender provided a Disclosure Tracking doc which indicates that the initial CD dated XX/XX/XXXX was received by the borrower on the same day, which is more than 3 days prior to consummation on XX/XX/XXXX.  Finding cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020062

245_171_11907

11907

Compliance

Missing Initial Lender of Record Application Date - unable to complete Compliance review

The exception 'Missing Initial Lender of Record Application Date - unable to complete Compliance review' is cleared.

(2021-05-14) Condition is not applicable and has been rescinded.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020062

245_171_-98785

-98785

Compliance

Prohibited Lender Fees Test

This loan failed the prohibited lender fees test. (WA RCW §31.04.105) The loan charge fee(s) not provided for in this act, which is prohibited. Every licensee may:  Charge a loan origination fee and sell insurance, in accordance with Title 48 RCW, covering real property, personal property, life, disability, or involuntary unemployment of the borrower.  Agree with the borrower for the payment of fees to third parties, including, but not limited to, mortgage brokers, credit reporting agencies, title companies, appraisers, structural and pest inspectors, and escrow companies, when such fees are actually paid by the licensee to a third party for such services or purposes.

(2021-05-14) Condition is not applicable and has been rescinded.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020062

245_171_-96362

-96362

Compliance

Reimbursement Amount Test

This loan passed the reimbursement amount test.  (12 CFR §1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances. However, the provided reimbursement amount of $XX.XX, is sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $0.00.Refunds related to the good faith analysis. If amounts paid by the consumer exceed the amounts specified under §1026.19(e)(3)(i) or (ii), the creditor complies with §1026.19(e)(1)(i) if the creditor refunds the excess to the consumer no later than 60 days after consummation, and the creditor complies with §1026.19(f)(1)(i) if the creditor delivers or places in the mail corrected disclosures that reflect such refund no later than 60 days after consummation.

(2021-05-14) Condition is not applicable and has been rescinded.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020062

245_171_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed

(2021-04-22) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020354

245_162_1411

1411

Credit

Missing YTD Profit & Loss for S-Corporation 1 (Borrower 1)

Borrower 1 is self-employed and the YTD Profit & Loss is either missing or not executed for the S-Corporation listed in position XXX on the application.   Profit & Loss in File:  No The P&L in file only covered the time period of XX/XX/XXXX through XX/XX/XXXX.

(2021-05-06) Lender provided an executed YTD Profit & Loss.  The document was deemed acceptable and the condition is cleared.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 45.00 years in field. ; Summary: Borrower has 41.00 years self employed. ; Summary: Refinance reduces rate from 3.99% to 2.75%. ; Summary: UW guides maximum DTI of 40.19%, loan qualified with DTI of 36.23%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020354

245_162_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX ; Summary: Primary borrower has 45.00 years in field. ; Summary: Borrower has 41.00 years self employed. ; Summary: Refinance reduces rate from 3.99% to 2.75%. ; Summary: UW guides maximum DTI of 40.19%, loan qualified with DTI of 36.23%.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020354

245_162_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). The P&L in file only covered the time period of XX/XX/XXXX through XX/XX/XXXX.

(2021-05-06) AUS Standards are now met and loan meets TQM standards. (2021-05-06) Lender provided an executed YTD Profit & Loss.  The document was deemed acceptable and the condition is cleared.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 45.00 years in field. ; Summary: Borrower has 41.00 years self employed. ; Summary: Refinance reduces rate from 3.99% to 2.75%. ; Summary: UW guides maximum DTI of 40.19%, loan qualified with DTI of 36.23%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020066

245_83_1097

1097

Credit

Cash out amount greater than guideline maximum

Lender guidelines allow a maximum cash out of $XXXX.,XX,per the final CD the borrower received a cash out amount of $XXXXXX.XX.  The lender did not include all the consumer debts paid off at closing along with the cash in hand. The final closing disclosure in the loan file reflects that the borrower is receiving cash back in excess of the guideline limits.

(2021-05-12) Lender provided corrected CD.  Condition cleared. (2021-05-06) Lender provided copy of corrected CD. However, missing letter of explanation to borrower and proof of delivery. Condition remains.

Summary: Primary borrower has 15.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020066

245_83_11847

11847

Credit

Invalid AUS

The Lender's Guidelines/Agency Guidelines require loan data to be resubmitted to LP if the data changes from the time the AUS was last run. The most recent AUS in file reflects issues with  Other Debt,. Missing evidence of the payoff of the first mortgage on the subject property. AUS reflects the transaction as a no cash-out refinance. Per the final Closing Disclosure, the borrower is receiving cash out on the transaction.

(2021-05-12) Lender provided corrected CD.  Condition cleared. (2021-05-06) Lender provided copy of corrected CD. However, missing letter of explanation to borrower and proof of delivery. Condition remains.

Summary: Primary borrower has 15.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020066

245_83_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Missing evidence of the payoff of the first mortgage on the subject property. AUS reflects the transaction as a no cash-out refinance. Per the final Closing Disclosure, the borrower is receiving cash out on the transaction.

(2021-05-12) AUS Standards are now met and loan meets TQM standards. (2021-05-12) Lender provided corrected CD.  Condition cleared. (2021-05-06) Lender provided copy of corrected CD. However, missing letter of explanation to borrower and proof of delivery. Condition remains.

Summary: Primary borrower has 15.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020066

245_83_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-23) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 15.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020403

245_100_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-27) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 15.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020419

245_28_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020419

245_28_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-22) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020419

245_28_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-22) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020419

245_28_1435

1435

Compliance

RESPA: Servicing Disclosure Statement Not Executed

RESPA: Servicing Disclosure Statement is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-22) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020356

245_29_16575

16575

Credit

HELOC Closure Letter Not Provided

The Borrower Authorization to Close Out Home Equity Line of Credit (HELOC) was not provided. Executed Home Equity Line of Credit (HELOC) closure letter reflecting HELOC was frozen and closed not provided in the file.

(2021-05-11) The Lender provided a recorded Full Reconveyance letter for the borrower's paid off HELOC.  Although a HELOC close line letter was not provided, the recorded Reconveyance indicates that HELOC has been paid off and released from title.  Finding cleared. (2021-05-04) Lender provided their preliminary borrower authorization document dated prior to closing.  Provide a HELOC closure letter to the lien holder, executed by the borrower, to confirm authorization to close said account dated on or after loan closed. Condition remains.

Summary: Refinance reduces rate from 3.50% to 2.63%. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020356

245_29_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-28) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 3.50% to 2.63%. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020356

245_29_1435

1435

Compliance

RESPA: Servicing Disclosure Statement Not Executed

RESPA: Servicing Disclosure Statement is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-28) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 3.50% to 2.63%. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020007

245_9_-96366

-96366

Compliance

Charges That Cannot Increase Test

This loan passed the charges that cannot increase test.  (12 CFR §1026.19(e)(3)(i))The loan contains charges that do not exceed the good faith determination according to §1026.19(e)(3)(i).Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Sec. B fee for Lender Title Insurance paid to affiliate of lender increased post closing.

(2021-05-11) The lender provided a tolerance cure for $X,XXX, an LOE and an updated CD due to the increase in the title policy fee.  Finding is cleared.  See the K drive folder.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020007

245_9_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-26) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020007

245_9_1435

1435

Compliance

RESPA: Servicing Disclosure Statement Not Executed

RESPA: Servicing Disclosure Statement is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-26) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020007

245_9_-96378

-96378

Compliance

TRID Post-Consummation Reason for Redisclosure Validation Test

This loan failed the TRID post-consummation reason for redisclosure validation test.This loan contains a post-consummation revised closing disclosure delivery date but does not provide the reason for the redisclosure after consummation. The reason is required in order to audit post-consummation redisclosure timing tests.

(2021-05-14) Condition has been cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020088

245_154_-96366

-96366

Compliance

Charges That Cannot Increase Test

This loan passed the charges that cannot increase test.  (12 CFR §1026.19(e)(3)(i))The loan contains charges that do not exceed the good faith determination according to §1026.19(e)(3)(i).Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Title - Closing Protection Letter paid to the Lender Affiliate increased from $XX.XX on LE dated XX/XX/XXXX to $XX.XX on LE dated XX/XX/XXXX.  Please provide further clarification to reason "Information relied on becomes inaccurate" stated on  the Changed Circumstance Letter dated XX/XX/XXXX as the loan terms and conditions remained the same between the two LEs.  If COC is not valid, provide letter of explanation, corrected CD, evidence of refund and proof of delviery.

(2021-05-07) Lender submitted valid COC.  Condition cleared.

Summary: Refinance reduces rate from 3.95% to 2.88%. ; Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020088

245_154_-96368

-96368

Compliance

Consummation or Reimbursement Date Validation Test

This loan failed the closing or reimbursement date validation test.The loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations. Title - Closing Protection Letter paid to the Lender Affiliate increased from $XX.XX on LE dated XX/XX/XXXX to $35.00 on LE dated XX/XX/XXXX.  Please provide further clarification to reason "Information relied on becomes inaccurate" stated on  the Changed Circumstance Letter dated XX/XX/XXXX as the loan terms and conditions remained the same between the two LEs.  If COC is not valid, provide letter of explanation, corrected CD, evidence of refund and proof of delviery.

(2021-05-07) Lender submitted valid COC.  Condition cleared.

Summary: Refinance reduces rate from 3.95% to 2.88%. ; Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020088

245_154_-96472

-96472

Compliance

Invalid Changed Circumstance Finding

Invalid Changed Circumstance Finding ( 12 CFR §1026.19(e)(3)(iv)(A) - (C), (E), (F) , and  (D) as amended in 2015 ,   §1026.19(e)(4)(i), (ii) )The revised loan estimate contains either:A charge that is not an allowable redisclosure under §1026.19(e)(3)(iv); orA disclosure date that is not within the permitted timeframe based on the selection from the reason for redisclosure drop down. Please see the Fee Change Tracking History Table for the disclosure dated XXXXXXXX XX, XXXX and the various date tests below for more information.For the purpose of determining good faith under §1026.19(e)(3)(i) and (ii), a creditor may use a revised estimate of a charge instead of the estimate of the charge originally disclosed under §1026.19(e)(1)(i) if the revision is due to any of the provisions in §1026.19(e)(3)(iv).If a creditor uses a revised estimate pursuant to §1026.19(e)(3)(iv) for the purpose of determining good faith under §1026.19(e)(3)(i) and (ii), the creditor shall provide a revised version of the disclosures required under §1026.19(e)(1)(i) reflecting the revised estimate within the timeframe permitted in §1026.19(e)(3)(iv)(D) or §1026.19(e)(4)(i) and (ii).

(2021-05-07) Lender submitted valid COC.  Condition cleared.

Summary: Refinance reduces rate from 3.95% to 2.88%. ; Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020088

245_154_-96369

-96369

Compliance

Reimbursement Amount Validation Test

This loan failed the reimbursement amount validation test.The loan failed one or more tolerance tests and did not provide a reimbursement amount. This information is necessary in order to correctly perform reimbursement calculations. Title - Closing Protection Letter paid to the Lender Affiliate increased from $XX.XX on LE dated XX/XX/XXXX to $XX.XX on LE dated XX/XX/XXXX.  Please provide further clarification to reason "Information relied on becomes inaccurate" stated on  the Changed Circumstance Letter dated XX/XX/XXXX as the loan terms and conditions remained the same between the two LEs.  If COC is not valid, provide letter of explanation, corrected CD, evidence of refund and proof of delviery.

(2021-05-07) Lender submitted valid COC.  Condition cleared.

Summary: Refinance reduces rate from 3.95% to 2.88%. ; Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020088

245_154_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This finding is non-material and will be rated a B grade.

(2021-05-03) This finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 3.95% to 2.88%. ; Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020089

245_151_11312

11312

Credit

DTI Exceeds Guidelines

The exception 'DTI Exceeds Guidelines' is cleared. From fields in template: Loan Type ---- Conventional Debt Ratio ---- 32.77 Guideline DTI with Tolerance ---- 39.56

(2021-05-17) The DTI is within tolerance. Condition cleared.

Summary: Primary borrower has 18.08 years in field. ; Summary: Borrower has resided in current property for 30.00 years. ; Summary: UW guides maximum DTI of 36.56%, loan qualified with DTI of 32.77%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020089

245_151_11847

11847

Credit

Invalid AUS

The exception 'Invalid AUS' is cleared. From fields in template: How Was Loan Underwritten ---- AUS DTI ---- No Reserves ---- No LTV ---- No CLTV ---- No FICO ---- No Subject PITI ---- No Income ---- No Occupancy ---- No Assets ---- No Other Debt ---- No Incorrect Figures ---- No Omission of Debt ---- No Wrong Loan Amount ---- No Subject Property Address ---- No

(2021-05-17) The DTI is within tolerance. Condition cleared.

Summary: Primary borrower has 18.08 years in field. ; Summary: Borrower has resided in current property for 30.00 years. ; Summary: UW guides maximum DTI of 36.56%, loan qualified with DTI of 32.77%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020089

245_151_1456

1456

Credit

Missing Evidence of Insurance for REO1

Missing Evidence of Insurance for property 1 on final application

(2021-05-06) Lender provided evidence of insurance.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Primary borrower has 18.08 years in field. ; Summary: Borrower has resided in current property for 30.00 years. ; Summary: UW guides maximum DTI of 36.56%, loan qualified with DTI of 32.77%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020089

245_151_1453

1453

Credit

Missing Evidence of Property Taxes for REO1

Evidence of property taxes for property 1  on the final application not provided.

(2021-05-06) Lender provided evidence of property taxes.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Primary borrower has 18.08 years in field. ; Summary: Borrower has resided in current property for 30.00 years. ; Summary: UW guides maximum DTI of 36.56%, loan qualified with DTI of 32.77%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020089

245_151_1469

1469

Credit

Missing Evidence that REO1 Property is Owned Free and Clear

Missing Evidence that REO1 Property is Owned Free and Clear

(2021-05-06) Lender provided evidence the property is owned free and clear.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Primary borrower has 18.08 years in field. ; Summary: Borrower has resided in current property for 30.00 years. ; Summary: UW guides maximum DTI of 36.56%, loan qualified with DTI of 32.77%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020089

245_151_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 18.08 years in field. ; Summary: Borrower has resided in current property for 30.00 years. ; Summary: UW guides maximum DTI of 36.56%, loan qualified with DTI of 32.77%.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020008

245_190_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 20.00 years in field. ; Summary: Borrower has resided in current property for 3.00 years.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020008

245_190_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. Affiliated Business Disclosure not executed. This breach finding is non-material and will be rated a B grade.

(2021-04-23) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 20.00 years in field. ; Summary: Borrower has resided in current property for 3.00 years.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020008

245_190_2598

2598

Compliance

RESPA: Servicing Transfer Notice Missing

RESPA: Servicing Transfer Notice Missing . The exception status is currently Acknowledged by Client. The Servicing Disclosure is missing. This breach finding is non-material and will be rated a B grade.

(2021-04-23) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 20.00 years in field. ; Summary: Borrower has resided in current property for 3.00 years.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020068

245_74_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application. The Verification of Employment in the loan file is dated XX/XX/XXXX which is > 10 days from the Note. The Verification of Employment in the loan file is dated XX/XX/XXXX which is > 10 days from the Note.

(2021-05-05) Lender submitted VVOE. Condition cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 20.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020068

245_74_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 20.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020068

245_74_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). The Verification of Employment in the loan file is dated XX/XX/XXXX which is > 10 days from the Note. The Verification of Employment in the loan file is dated XX/XX/XXXX which is > 10 days from the Note.

(2021-05-05) AUS Standards are now met and loan meets TQM standards.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 20.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020068

245_74_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed This breach finding is non-material and will be rated a B grade The exception status is currently Acknowledged by Client.

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 20.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020405

245_35_1095

1095

Credit

Insufficient Title Coverage

Title Coverage is $XXX,XXX.XX and the Loan Amount is $XXX,XXX.XX

(2021-04-27) ALTA Short Form Residential Loan Policy with coverage of $XXX,XXX.XX was provided.  Condition cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020405

245_35_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application. The Verbal Verification of Employment for B1 is dated > 10 days prior to the Note.

(2021-05-07) Lender provided VVOE to satisfy lender guidelines.  Condition is cleared..

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020405

245_35_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020405

245_35_16652

16652

Compliance

Massachusetts (MA) Tangible Net Benefit Test - Lender's determined Tangible Net Benefit documentation/ worksheet is missing

XXXXXXXXXXXXX Tangible Net Benefit Test - Lender's determined Tangible Net Benefit documentation/ worksheet is missing

(2021-04-27) XX Borrower's Interest Worksheet was found in the loan file.  Additionally, lender provided 1008 documenting XXX.  Condition cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020405

245_35_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020422

245_149_10749

10749

Credit

Fraud Alert not verified - Borrower 1

The Third Party Fraud Report reflects a fraud alert. The loan file does not contain evidence the lender addressed the alert. Red Flag 1 ___ Red Flag 2 ___ Red Flag 3 ___ Red Flag 4 ___

(2021-05-07) Lender provided updatd fraud report clearing alert.  Condition cleared. (2021-04-26) Lender provided Drive report as a trailing document.  Lender did not address High Red Flag code 4200-009, Loan Officer on internal Watchlist.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 9.50 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020422

245_149_456

456

Credit

Incomplete Final Application

All pages of the final application were not provided

(2021-04-30) Credit application is Present (2021-04-30) Revised loan application reflecting borrower's correct residency status was provided.  Condition cleared. (2021-04-27) Provide revised, signed, final application reflecting correct residency status.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 9.50 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020422

245_149_1516

1516

Credit

Missing Citizenship Documentation (Borrower 1)

Missing Citizenship Documentation (Borrower 1) Missing verification borrower is a US citizen due to social security card provided shows “Valid for Work only with DHS Authorization”.

(2021-05-14) Condition has been cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 9.50 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020422

245_149_1265

1265

Credit

Missing Third Party Fraud Tool (Report)

This file is missing a third party fraud report. Please provide an industry standard fraud tool along with any supporting document based on fraud report findings.  Please provide Fraud Report with OFAC search.  Additional conditions may apply. Borrowers on loan:  1 Fraud Report in file Borrower: No CoBorrower: ___ Borrower 3: ___ Borrower 4: ___ The file is missing a third party fraud report. Please provide an industry standard fraud tool along with any supporting document based on fraud report findings.  Additional conditions may apply.

(2021-04-26) Lender provided Drive report.  Condition cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 9.50 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020422

245_149_15997

15997

Credit

Required Documentation is Missing

Provide updated AUS reflecting borrower's correct residency status.

(2021-04-30) Revised AUS was provided.  Condition cleared. (2021-04-27) Provide updated AUS reflecting borrower's correct residency status.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 9.50 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020422

245_149_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $XXX.XX. ; Summary: Primary borrower has 9.50 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020422

245_149_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing . The exception status is currently Acknowledged by Client. Missing Notice Regarding Furnishing of Negative Information. This breach finding is non-material and will be rated a B grade.

(2021-05-05) FCRA Negative Information Notice Present (2021-05-05) Upon further review, the FCRA Negative information Notice is satisfied.  Condition Cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 9.50 years in field.

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

LD2021020422

245_149_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS).

(2021-04-30) AUS Standards are now met and loan meets TQM standards. (2021-04-30) Revised AUS was provided.  Condition cleared. (2021-04-27) Provide revised AUS reflecting borrower's correct residency status.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 9.50 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020422

245_149_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. Affiliated Business Disclosure not executed. This breach finding is non-material and will be rated a B grade.

(2021-04-22) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 9.50 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020090

245_20_1137

1137

Credit

Missing 4506-T

Missing 4506T for borrower(s) on loan.  Total number Borrowers is  2  Borrower: No CoBorrower: No Borrower 3: ___ Borrower 4: ___

(2021-05-05) The lender provided a fully executed 4506-C as a trailing document.  This document is deemed acceptable and the finding is cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020090

245_20_17470

17470

Compliance

ECOA: Delivery of Appraisal/Valuation to Applicant Not Timely

ECOA: Delivery of Appraisal/Valuation to Applicant Not Timely . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-23) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020090

245_20_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Executed 4506-T forms for B1 and B2 are misisng from the loan file.

(2021-05-13) AUS Standards are now met and loan meets TQM standards. (2021-05-13) AUS standards are met.  No AUS failures remain.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020090

245_20_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-23) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020358

245_14_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.88% to 2.99%. ; Summary: Primary borrower has 16.00 years in field. ; Summary: Borrower has resided in current property for 4.75 years.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020221

245_129_456

456

Credit

Incomplete Final Application

All pages of the final application were not provided Missing final application reflecting correct employment for Co-Borrower.

(2021-05-13) Credit application is Present (2021-05-13) Lender provided an executed, acceptable final application.  Condition is cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020221

245_129_1456

1456

Credit

Missing Evidence of Insurance for REO1

Missing Evidence of Insurance for property 2 on final application

(2021-05-11) Lender provided acceptable evidence of HOI.  Condition is cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020221

245_129_-96366

-96366

Compliance

Charges That Cannot Increase Test

This loan passed the charges that cannot increase test.  (12 CFR §1026.19(e)(3)(i))The loan contains charges that do not exceed the good faith determination according to §1026.19(e)(3)(i).Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Missing LE corresponding to Changed Circumstance Letter dated XX/XX/XXXX (due to rate lock).

(2021-05-14) Condition has been cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020221

245_129_-96368

-96368

Compliance

Consummation or Reimbursement Date Validation Test

This loan failed the closing or reimbursement date validation test.The loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations. Missing LE corresponding to Changed Circumstance Letter dated XX/XX/XXXX (due to rate lock).

(2021-05-14) Condition has been cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020221

245_129_16304

16304

Compliance

Loan Estimate disclosure is missing or incomplete |SFA 3.0

Loan Estimate disclosure is missing or incomplete Missing Loan Estimate corresponding to Changed Circumstance Letter dated XX/XX/XXXX (due to rate lock).

(2021-05-11) Received copy of complete Loan Estimate (2021-05-11) Lender provided the missing Loan Estimate.  The document is deemed acceptable.  The condition is cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020221

245_129_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Missing the following:  1) Accurate final loan application, 2) Verification of Mortgage on REO#2 , 3) Verification of HOI premium on REO#2.

(2021-05-13) AUS Standards are now met and loan meets TQM standards. (2021-05-13) Lender provided required documentation.  Condition is cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020221

245_129_-96369

-96369

Compliance

Reimbursement Amount Validation Test

This loan failed the reimbursement amount validation test.The loan failed one or more tolerance tests and did not provide a reimbursement amount. This information is necessary in order to correctly perform reimbursement calculations. Missing LE corresponding to Changed Circumstance Letter dated XX/XX/XXXX (due to rate lock).

(2021-05-14) Condition has been cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020221

245_129_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This finding is deemed non-material and will be rated a B grade.

(2021-05-04) This finding is deemed non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020098

245_145_17468

17468

Compliance

ECOA: Appraisal Not Provided to Applicant

ECOA Non-Compliant: Appraisal present; no evidence appraisal was provided to applicant.

(2021-05-10) Lender provided proof of timely delivery of appraisal.  Condition cleared. (2021-05-07) The lender provided the Right to Receive Copy of Appraisal/Waiver.  This document does not satisfy the requirement for proof the appraisal was provided to the applicants.  The condition remains active.

Summary: Primary borrower has 13.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020098

245_145_17470

17470

Compliance

ECOA: Delivery of Appraisal/Valuation to Applicant Not Timely

ECOA: Delivery of Appraisal/Valuation to Applicant Not Timely

(2021-05-14) Condition has been cleared.

Summary: Primary borrower has 13.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

LD2021020098

245_145_16652

16652

Compliance

Massachusetts (MA) Tangible Net Benefit Test - Lender's determined Tangible Net Benefit documentation/ worksheet is missing

Massachusetts Tangible Net Benefit Test - Lender's determined Tangible Net Benefit documentation/ worksheet is missing

(2021-05-07) Lender provided Tangible Net Benefit disclosure.  The document is deemed acceptable. Condition is cleared.

Summary: Primary borrower has 13.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020098

245_145_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed This finding is non-material and will be rated a B grade. The exception status is currently Acknowledged by Client.

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 13.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020302

245_147_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-04) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 3.25% to 2.75%. ; Summary: Primary borrower has 5.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020362

245_144_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-04) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-X,XXX.XX. ; Summary: Refinance reduces rate from 3.13% to 2.63%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020362

245_144_2555

2555

Compliance

RESPA: IEADS Not Accurate

RESPA: IEADS Not Accurate . The exception status is currently Acknowledged by Client. The initial escrow disclosure statement has a total monthly payment to escrow account as $XXX.XX. The  Post Consummation Closing Disclosure has total monthly payment to escrow account as $X,XXX.XX. Difference of $XXX.XX due to property taxes. The initial escrow disclosure includes $XXX.XX for taxes vs actual of $XXX.XX. This breach finding is non-material and will be rated a B grade.

(2021-05-04) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-X,XXX.XX. ; Summary: Refinance reduces rate from 3.13% to 2.63%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020365

245_47_1137

1137

Credit

Missing 4506-T

Missing 4506T for borrower(s) on loan.  Total number Borrowers is  1  Borrower: No CoBorrower: ___ Borrower 3: ___ Borrower 4: ___ The lender's guidelines require an executed 4506-T at application and/or closing.  Executed 4506-T at application/closing not provided.

(2021-05-05) Lender submitted 4506.  Condition cleared.

Summary: Borrower has resided in current property for 17.00 years.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020365

245_47_1456

1456

Credit

Missing Evidence of Insurance for REO1

Missing Evidence of Insurance for property 1 on final application Evidence of insurance for property #2 on the final application not provided.

(2021-05-06) Lender provided evidence of HOI for XXX XXXXXXXX XX X , XXX XXXX XX XXXXX.  The documentation is deemed acceptable.  Condition is cleared. (2021-05-05) Lender submitted no evidence of insurance for REO1.  Condition remains active.

Summary: Borrower has resided in current property for 17.00 years.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020365

245_47_455

455

Credit

Missing Final Application (1003)

A final application for the subject transaction was not provided A final application executed by the borrower was not provided.

(2021-05-06) Credit application is Present (2021-05-06) Lender provided a final, executed final application.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Borrower has resided in current property for 17.00 years.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020365

245_47_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing . The exception status is currently Acknowledged by Client. Missing Notice Regarding Furnishing of Negative Information. This breach finding is non-material and will be rated a B grade.

(2021-04-23) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 17.00 years.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020365

245_47_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. Affiliated Business Disclosure not executed. This breach finding is non-material and will be rated a B grade.

(2021-04-23) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 17.00 years.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020365

245_47_2598

2598

Compliance

RESPA: Servicing Transfer Notice Missing

RESPA: Servicing Transfer Notice Missing . The exception status is currently Acknowledged by Client. The Servicing Disclosure is missing. This breach finding is non-material and will be rated a B grade.

(2021-04-23) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 17.00 years.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020365

245_47_2961

2961

Compliance

TILA: NORTC Missing for one or more borrowers/vested parties

TILA: Notice of Right to Cancel Missing Right to Cancel form is missing from the file.

(2021-05-05) TILA: Notice of Right to Cancel Present (2021-05-05) Lender submitted NORTC.  Condition cleared.

Summary: Borrower has resided in current property for 17.00 years.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020366

245_79_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application. Guidelines require a VVOE within 10 business days prior to the note date. The VVOE is dated post loan consummation.

(2021-05-05) Lender provided VVOE for both jobs.  Condition cleared.

Summary: Borrower has resided in current property for 10.00 years. ; Summary: Refinance reduces rate from 3.38% to 2.99%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020366

245_79_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Guidelines require a VVOE within 10 business days prior to the note date. The VVOE is dated post loan consummation.

(2021-05-05) AUS Standards are now met and loan meets TQM standards. (2021-05-05) Lender submitted VVOE's for both jobs.  Condition cleared.

Summary: Borrower has resided in current property for 10.00 years. ; Summary: Refinance reduces rate from 3.38% to 2.99%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020074

245_120_11312

11312

Credit

DTI Exceeds Guidelines

Guidelines reflect a DTI of 23.00%. Due to a miscalculation of debts to income, the actual DTI is 26.78%. Income  used includes total borrower income $XX,XXX.XX plus subject property positive rental income $X.XX plus other REO positive rental income $X.XX. Total debt amount used is $X,XXX.XX. The most recent AUS in the file reflects DTI of 23%.  Due to the improper calculation of  debts the actual DTI is 26.78%.   Lender failed to include the the XXX dues for REO #2 and REO #3 on the final application.

(2021-05-13) Lender provided updated  LP dated XX/XX/XXXX utilizing a more conservative negative rental income calculation.  Condition cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020074

245_120_11847

11847

Credit

Invalid AUS

The Lender's Guidelines/Agency Guidelines require loan data to be resubmitted to LP if the data changes from the time the AUS was last run. The most recent AUS in file reflects issues with DTI, Omission of Debt,. The most recent AUS in the file reflects DTI of 23%.  Due to the improper calculation of  debts the actual DTI is 26.78%.   Lender failed to include the the XXX dues for REO #2 and REO #3 on the final application.

(2021-05-13) Lender provided updated  LP dated XX/XX/XXXX utilizing a more conservative negative rental income calculation.  Condition cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020074

245_120_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020074

245_120_17118

17118

Compliance

Closing Disclosure does not match actual calculated values for Estimated Escrow |SFA 3.0

Closing Disclosure does not match actual calculated values for Estimated Escrow The Lender used $XXX.XX for subject taxes vs. the actual subject taxes of $XXX.XX.

(2021-05-13) Revised Closing Disclosure provided matching actual calculated values for Estimated Escrow (2021-05-13) Lender provided updated CD dated XX/XX/XXXX with corrected information.  Condition cleared. (2021-05-11) The lender did not provide documentation of $XXX.XX monthly property taxes, only documentation in file reflects $XXX.XX.  Condition remains.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020074

245_120_17538

17538

Compliance

Information required for CD 'Loan Disclosures' Escrow Account section not completed or completed in error |SFA 3.0

Information required for CD 'Loan Disclosures' Escrow Account section not completed or completed in error $XX,XXX.XX  was captured for Escrowed Property Costs over Year 1 vs. the actual property costs over Year 1 of $XX,XXX.XX. The Lender used $XXX.XX for subject taxes vs. the actual subject taxes of $XXX.XX.

(2021-05-13) CD provided with 'Loan Disclosures' Escrow Account section completed properly (2021-05-13) Lender provided updated CD dated XX/XX/XXXX with corrected information.  Condition cleared. (2021-05-11) The lender did not provide documentation of $XXX.XX monthly property taxes, only documentation in file reflects $XXX.XX.  Condition remains

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020074

245_120_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-04) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020074

245_120_2555

2555

Compliance

RESPA: IEADS Not Accurate

RESPA: IEADS Not Accurate . The exception status is currently Acknowledged by Client. The IEADS reflects a starting balance of  $X,XXX.XX vs. the final Closing Disclosure initial escrow payment of $X,XXX.XX. This breach finding is non-material and will be rated a B grade.

(2021-05-04) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020100

245_110_455

455

Credit

Missing Final Application (1003)

A final application for the subject transaction was not provided Missing final application dated at closing.

(2021-05-11) Credit application is Present (2021-05-11) Lender provided final loan application.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Borrower has resided in current property for 15.00 years. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX. ; Summary: Refinance reduces rate from 4.00% to 2.88%. ; Summary: Primary borrower has 23.00 years in field. ; Summary: Borrower has 23.00 years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020100

245_110_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 15.00 years. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX. ; Summary: Refinance reduces rate from 4.00% to 2.88%. ; Summary: Primary borrower has 23.00 years in field. ; Summary: Borrower has 23.00 years self employed.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020100

245_110_1445

1445

Compliance

RESPA: IEADS Required - Missing or Incomplete

RESPA: Initial Escrow Account Disclosure Statement Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-05) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 15.00 years. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX. ; Summary: Refinance reduces rate from 4.00% to 2.88%. ; Summary: Primary borrower has 23.00 years in field. ; Summary: Borrower has 23.00 years self employed.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020100

245_110_2961

2961

Compliance

TILA: NORTC Missing for one or more borrowers/vested parties

TILA: Notice of Right to Cancel Missing

(2021-05-07) TILA: Notice of Right to Cancel Present (2021-05-07) Lender submitted NORTC by borrower.  Condition cleared.

Summary: Borrower has resided in current property for 15.00 years. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX. ; Summary: Refinance reduces rate from 4.00% to 2.88%. ; Summary: Primary borrower has 23.00 years in field. ; Summary: Borrower has 23.00 years self employed.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020425

245_146_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application. The Verbal Verification of Employment for B1 is dated > 10 days prior to the Note.

(2021-05-05) Lender submitted VVOE for borrower within 10 days prior to close.  Condition cleared.

Summary: Borrower has resided in current property for 24.00 years. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX. ; Summary: UW Guides require 2.05 months reserves, loan qualified with 6.33 months reserves. ; Summary: Primary borrower has 13.08 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020425

245_146_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). The VVOE was not within 10 business days prior to the note date as required by the AUS.

(2021-05-05) AUS Standards are now met and loan meets TQM standards. (2021-05-05) Lender submitted VVOE for borrower within 10 days prior to close.  Condition cleared.

Summary: Borrower has resided in current property for 24.00 years. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX. ; Summary: UW Guides require 2.05 months reserves, loan qualified with 6.33 months reserves. ; Summary: Primary borrower has 13.08 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020425

245_146_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-29) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 24.00 years. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX. ; Summary: UW Guides require 2.05 months reserves, loan qualified with 6.33 months reserves. ; Summary: Primary borrower has 13.08 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020124

245_25_15296

15296

Credit

Missing 3rd Party Verbal Verification of Employment 1 (CoBorrower)

MIssing 3rd Party Verbal Verification of Employment for CoBorrower's job in position 1 on the application.

(2021-05-06) Lender submitted VVOE for CB. Condition cleared.

Summary: Borrower has resided in current property for 9.00 years. ; Summary: Refinance reduces rate from 3.75% to 3.13%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020124

245_25_13095

13095

Credit

Missing Payoff Statement for prior loan

Missing payoff statement for prior loan.

(2021-05-06) Lender submitted payoff.  Condition cleared.

Summary: Borrower has resided in current property for 9.00 years. ; Summary: Refinance reduces rate from 3.75% to 3.13%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020124

245_25_-96366

-96366

Compliance

Charges That Cannot Increase Test

This loan passed the charges that cannot increase test.  (12 CFR §1026.19(e)(3)(i))The loan contains charges that do not exceed the good faith determination according to §1026.19(e)(3)(i).Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Missing valid COC for CD dated XX/XX/XXXX  The Appraisal fee increased from $XXX.XX to $XXX.XX. The loan contained a COC Form indicating “There was new information requiring additional document recording, appraisal fee”; however, this explanation does not provide a clear reason for the fee increase. Please provide a valid event indicating what caused the fee to increase. If unable to provide a valid COC, provide a corrected CD, evidence of a $XXX.XX refund to the Borrower, letter of explanation and proof of delivery to the Borrower.

(2021-05-14) Condition has been cleared.

Summary: Borrower has resided in current property for 9.00 years. ; Summary: Refinance reduces rate from 3.75% to 3.13%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020124

245_25_-96368

-96368

Compliance

Consummation or Reimbursement Date Validation Test

This loan failed the closing or reimbursement date validation test.The loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations. Missing valid COC for CD dated XX/XX/XXXX.  The Appraisal fee increased from $XXX.XX to $XXX.XX. The loan contained a COC Form indicating “There was new information requiring additional document recording, appraisal fee”; however, this explanation does not provide a clear reason for the fee increase. Please provide a valid event indicating what caused the fee to increase. If unable to provide a valid COC, provide a corrected CD, evidence of a $XXX.XX refund to the Borrower, letter of explanation and proof of delivery to the Borrower.

(2021-05-06) Lender submitted valid COC.  Condition cleared.

Summary: Borrower has resided in current property for 9.00 years. ; Summary: Refinance reduces rate from 3.75% to 3.13%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020124

245_25_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Missing 3rd party Verbal Verification of Employment for the co-borrower.

(2021-05-06) AUS Standards are now met and loan meets TQM standards. (2021-05-06) Lender submitted VVOE for CB.  Condition cleared.

Summary: Borrower has resided in current property for 9.00 years. ; Summary: Refinance reduces rate from 3.75% to 3.13%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020124

245_25_-96369

-96369

Compliance

Reimbursement Amount Validation Test

This loan failed the reimbursement amount validation test.The loan failed one or more tolerance tests and did not provide a reimbursement amount. This information is necessary in order to correctly perform reimbursement calculations. Missing valid COC for CD dated XX/XX/XXXX.  The Appraisal fee increased from $XXX.XX to $XXX.XX. The loan contained a COC Form indicating “There was new information requiring additional document recording, appraisal fee”; however, this explanation does not provide a clear reason for the fee increase. Please provide a valid event indicating what caused the fee to increase. If unable to provide a valid COC, provide a corrected CD, evidence of a $XXX.XX refund to the Borrower, letter of explanation and proof of delivery to the Borrower.

(2021-05-06) Lender submitted valid COC.  Condition cleared.

Summary: Borrower has resided in current property for 9.00 years. ; Summary: Refinance reduces rate from 3.75% to 3.13%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020124

245_25_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 9.00 years. ; Summary: Refinance reduces rate from 3.75% to 3.13%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020131

245_164_1126

1126

Credit

CLTV exceeds guidelines

Lender guidelines requires a maximum CLTV of 70.82%.  However, the current CLTV of the subject is 70.83%. The appraisal or sales price value used was $XXX,XXX.XX having a loan purpose of  Refinance-Term.

(2021-05-17) LTV/CLTV is within tolerance. Condition cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 12.00 years in field. ; Summary: Refinance reduces rate from 3.88% to 3.13%. ; Summary: UW guides maximum DTI of 45.00%, loan qualified with DTI of 29.33%. ; Summary: Borrower has resided in current property for 6.00 years.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020131

245_164_11847

11847

Credit

Invalid AUS

The exception 'Invalid AUS' is cleared. From fields in template: How Was Loan Underwritten ---- AUS DTI ---- No Reserves ---- No LTV ---- No CLTV ---- No FICO ---- No Subject PITI ---- No Income ---- No Occupancy ---- No Assets ---- No Other Debt ---- No Incorrect Figures ---- No Omission of Debt ---- No Wrong Loan Amount ---- No Subject Property Address ---- No

(2021-05-17) LTV/CLTV is within tolerance. Condition cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 12.00 years in field. ; Summary: Refinance reduces rate from 3.88% to 3.13%. ; Summary: UW guides maximum DTI of 45.00%, loan qualified with DTI of 29.33%. ; Summary: Borrower has resided in current property for 6.00 years.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020131

245_164_1120

1120

Credit

LTV exceeds guidelines

Lender guidelines requires a maximum LTV of 70.82%.  However, the current LTV of the subject is 70.83%. The appraisal or sales price value used was $XXX,XXX.XX  having a loan purpose of  Refinance-Term.

(2021-05-17) LTV/CLTV is within tolerance. Condition cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 12.00 years in field. ; Summary: Refinance reduces rate from 3.88% to 3.13%. ; Summary: UW guides maximum DTI of 45.00%, loan qualified with DTI of 29.33%. ; Summary: Borrower has resided in current property for 6.00 years.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020131

245_164_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 12.00 years in field. ; Summary: Refinance reduces rate from 3.88% to 3.13%. ; Summary: UW guides maximum DTI of 45.00%, loan qualified with DTI of 29.33%. ; Summary: Borrower has resided in current property for 6.00 years.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020077

245_159_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 30.00 years in field. ; Summary: UW guides maximum DTI of 34.00%, loan qualified with DTI of 30.78%. ; Summary: Refinance reduces rate from 4.88% to 2.99%. ; Summary: Borrower has resided in current property for 6.70 years.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020427

245_80_-96366

-96366

Compliance

Charges That Cannot Increase Test

This loan passed the charges that cannot increase test.  (12 CFR §1026.19(e)(3)(i))The loan contains charges that do not exceed the good faith determination according to §1026.19(e)(3)(i).Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). The Title-Lender Title Insurance Fee increased from $X,XXX.XX on the initial LE and initial CD to $X,XXX.XX on the re-disclosed CD and the final CD without a valid COC.  Because Sec. B fees paid to an affiliate of the lender have a zero tolerance, this resulted in a tolerance violation.

(2021-05-13) Lender provided CD dated XX/XX/XXXX with tolerance cure, letter of explanation, tracking, check and FedEx label. Condition cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020427

245_80_-96368

-96368

Compliance

Consummation or Reimbursement Date Validation Test

This loan failed the closing or reimbursement date validation test.The loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations. The Title-Lender Title Insurance Fee increased from $X,XXX.XX on the initial LE and initial CD to $X,XXX.XX on the re-disclosed CD and the final CD without a valid COC.  Because Sec. B fees paid to an affiliate of the lender have a zero tolerance, this resulted in a tolerance violation. No evidence of reimbursement was found in the loan file.

(2021-05-13) Lender provided CD dated XX/XX/XXXX with tolerance cure, letter of explanation, tracking, check and FedEx label. Condition cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020427

245_80_-96369

-96369

Compliance

Reimbursement Amount Validation Test

This loan failed the reimbursement amount validation test.The loan failed one or more tolerance tests and did not provide a reimbursement amount. This information is necessary in order to correctly perform reimbursement calculations. The Title-Lender Title Insurance Fee increased from $X,XXX.XX on the initial LE and initial CD to $X,XXX.XX on the re-disclosed CD and the final CD without a valid COC.  Because Sec. B fees paid to an affiliate of the lender have a zero tolerance, this resulted in a tolerance violation. No evidence of reimbursement was found in the loan file.

(2021-05-13) Lender provided CD dated XX/XX/XXXX with tolerance cure, letter of explanation, tracking, check and FedEx label. Condition cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020427

245_80_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-03) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020427

245_80_1435

1435

Compliance

RESPA: Servicing Disclosure Statement Not Executed

RESPA: Servicing Disclosure Statement is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-03) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020427

245_80_-96378

-96378

Compliance

TRID Post-Consummation Reason for Redisclosure Validation Test

This loan failed the TRID post-consummation reason for redisclosure validation test.This loan contains a post-consummation revised closing disclosure delivery date but does not provide the reason for the redisclosure after consummation. The reason is required in order to audit post-consummation redisclosure timing tests.

(2021-05-14) Condition has been cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020369

245_43_1456

1456

Credit

Missing Evidence of Insurance for REO1

Missing Evidence of Insurance for property 1 on final application Evidence of insurance for REO property #1 on the final application not provided.

(2021-05-11) Lender provided hazard insurance for REO1.  Condition cleared. (2021-05-07) The Lender provided hazard insurance for the co-borrower's REO property, which was active through XX/XX/XXXX.  Finding is cleared. (2021-04-25) Lender provided evidence of insurance for SUBJECT property. Provide evidence of insurance for the co-borrower’s REO property listed the final 1003, bottom of page XXX. Condition remains.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Primary borrower has 21.00 years in field. ; Summary: Refinance reduces rate from 3.88% to 2.99%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020369

245_43_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-22) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Primary borrower has 21.00 years in field. ; Summary: Refinance reduces rate from 3.88% to 2.99%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020078

245_2_15296

15296

Credit

Missing 3rd Party Verbal Verification of Employment 1 (CoBorrower)

MIssing 3rd Party Verbal Verification of Employment for CoBorrower's job in position 1 on the application. The VVOE for Co-Borrower J1 on the final application is dated > 10 days from the Note.

(2021-05-14) Lender provided the missing document. Condition cleared.

Summary: Borrower has resided in current property for 20.00 years. ; Summary: Primary borrower has 20.00 years in field. ; Summary: Borrower has 20.00 years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020078

245_2_17468

17468

Compliance

ECOA: Appraisal Not Provided to Applicant

ECOA Non-Compliant: Appraisal present; no evidence appraisal was provided to applicant.

(2021-05-06) Lender submitted proof of timely appraisal delivery.  Condition cleared.

Summary: Borrower has resided in current property for 20.00 years. ; Summary: Primary borrower has 20.00 years in field. ; Summary: Borrower has 20.00 years self employed.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020078

245_2_17470

17470

Compliance

ECOA: Delivery of Appraisal/Valuation to Applicant Not Timely

ECOA: Delivery of Appraisal/Valuation to Applicant Not Timely

(2021-05-14) Condition is not applicable and has been rescinded.

Summary: Borrower has resided in current property for 20.00 years. ; Summary: Primary borrower has 20.00 years in field. ; Summary: Borrower has 20.00 years self employed.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020078

245_2_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-22) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 20.00 years. ; Summary: Primary borrower has 20.00 years in field. ; Summary: Borrower has 20.00 years self employed.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020134

245_182_15296

15296

Credit

Missing 3rd Party Verbal Verification of Employment 1 (CoBorrower)

MIssing 3rd Party Verbal Verification of Employment for CoBorrower's job in position 1 on the application. Guidelines require a VVOE within 10 business days prior to the note date. The VVOE for co-borrower is missing. XXXX COVID guidelines will accept a paystub from the pay period that immediately precedes the note date. Paystub in file is dated XX/XX/XXXX and note date is XX/XX/XXXX.

(2021-05-05) Lender submitted VVOE.  Condition cleared.

Summary: Primary borrower has 10.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020134

245_182_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 10.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020134

245_182_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Loan does not meet criteria for Temporary Qualified Mortgage due to missing verbal verification of employment for co-borrower.

(2021-05-05) AUS Standards are now met and loan meets TQM standards. (2021-05-05) Lender submitted VVOE.  Condition cleared.

Summary: Primary borrower has 10.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020306

245_92_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 8.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020015

245_160_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-27) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XX,XXX.XX. ; Summary: Primary borrower has 10.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020104

245_82_17468

17468

Compliance

ECOA: Appraisal Not Provided to Applicant

ECOA Non-Compliant: Appraisal present; no evidence appraisal was provided to applicant.

(2021-05-05) Lender submitted proof of timely appraisal delivery.  Condition cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 20.00 years in field. ; Summary: Borrower has resided in current property for 8.00 years.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020104

245_82_17470

17470

Compliance

ECOA: Delivery of Appraisal/Valuation to Applicant Not Timely

ECOA: Delivery of Appraisal/Valuation to Applicant Not Timely

(2021-05-05) Condition auto generated incorrectly.  Condition rescinded.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 20.00 years in field. ; Summary: Borrower has resided in current property for 8.00 years.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020104

245_82_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 20.00 years in field. ; Summary: Borrower has resided in current property for 8.00 years.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020374

245_38_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $XXX.XX. ; Summary: Borrower has resided in current property for 5.00 years. ; Summary: Primary borrower has 26.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020135

245_59_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing This breach finding is non-material and will be rated a B grade. The exception status is currently Acknowledged by Client.

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 4.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 30.00 years in field. ; Summary: UW guides maximum DTI of 31.00%, loan qualified with DTI of 27.95%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020435

245_11_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application.

(2021-05-05) Lender submitted VVOE for the borrower.  Condition cleared.

Summary: Borrower has resided in current property for 7.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 11.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020435

245_11_15296

15296

Credit

Missing 3rd Party Verbal Verification of Employment 1 (CoBorrower)

MIssing 3rd Party Verbal Verification of Employment for CoBorrower's job in position 1 on the application.

(2021-05-05) Lender submitted VVOE for the co-borrower.  Condition cleared.

Summary: Borrower has resided in current property for 7.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 11.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020435

245_11_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 7.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 11.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020435

245_11_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). The AUS required a VVOE within 10 business days prior to the Note date.  Missing VVOE for both borrowers.

(2021-05-05) AUS Standards are now met and loan meets TQM standards. (2021-05-05) VVOE's for borrower and co-borrower submitted.  Condition cleared.

Summary: Borrower has resided in current property for 7.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 11.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020233

245_95_11847

11847

Credit

Invalid AUS

The exception 'Invalid AUS' is cleared. From fields in template: How Was Loan Underwritten ---- (Blank) DTI ---- No Reserves ---- No LTV ---- No CLTV ---- No FICO ---- No Subject PITI ---- No Income ---- (Blank) Occupancy ---- No Assets ---- (Blank) Other Debt ---- (Blank) Incorrect Figures ---- (Blank) Omission of Debt ---- (Blank) Wrong Loan Amount ---- (Blank) Subject Property Address ---- (Blank)

(2021-05-17) The AUS issues have now been resolved. Condition cleared.

Summary: Primary borrower has 35.00 years in field. ; Summary: Borrower has resided in current property for 5.00 years. ; Summary: UW guides maximum DTI of 27.89%, loan qualified with DTI of 25.34%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020233

245_95_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application. Missing VVOE for borrower dated no more than 10 business days from note date.

(2021-05-07) The Lender provided a VVOE dated XX/XX/XXXX, which is within 10 business days of the Note dated XX/XX/XXXX.  Finding cleared.

Summary: Primary borrower has 35.00 years in field. ; Summary: Borrower has resided in current property for 5.00 years. ; Summary: UW guides maximum DTI of 27.89%, loan qualified with DTI of 25.34%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020233

245_95_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Failing AUS due to missing VVOE dated no more than 10 days prior to the note date.

(2021-05-07) AUS Standards are now met and loan meets TQM standards. The Lender provided a VVOE dated XX/XX/XXXX, which is within 10 business days of the Note dated XX/XX/XXXX.  See the K drive folder. (2021-05-07) The Lender provided a VVOE dated XX/XX/XXXX, which is within 10 business days of the Note dated XX/XX/XXXX.  Finding cleared.

Summary: Primary borrower has 35.00 years in field. ; Summary: Borrower has resided in current property for 5.00 years. ; Summary: UW guides maximum DTI of 27.89%, loan qualified with DTI of 25.34%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020375

245_133_11312

11312

Credit

DTI Exceeds Guidelines

Guidelines reflect a DTI of 28.00%. Due to a miscalculation of debts to income, the actual DTI is 57.85%. Income  used includes total borrower income $XX,XXX.XX plus subject property positive rental income $X.XX plus other REO positive rental income $X.XX. Total debt amount used is $X,XXX.XX. 57.85% DTI > 28% LP DTI due to missing verification of REO rental income. Audit included REO full PITI payment of $X,XXX.XX due to missing prior year's tax return (XXXX) as used by lender per 1008 and lender's rental income worksheet.  Lender qualified $XX.XX/monthly REO loss using $X,XXX.XX gross rents for REO per lender's rental income calculation worksheet.

(2021-05-13) Lender provided the Schedule E. Condition cleared. (2021-05-12) The Lender provided an updated AUS, dated XX/XX/XXXX, with an Accept/Eligible grade and a DTI of 29%.  The Lender also attached a letter stating that "Rental documentation in file, verification of PITI and XXXX 1040’s Schedule E all support rental income loss." The LP states "If rental income is being used to qualify, document the loan file in accordance with Chapter 5306 of the XXXXXXX XXX Single-Family Seller/Servicer Guide."  Per Ch. 5306, a Lease agreement, Forms 72 or 1000 or a Schedule E must be provided.  The loan file is missing all of these documents.  Finding is retained.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.00% to 2.50%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020375

245_133_11847

11847

Credit

Invalid AUS

The Lender's Guidelines/Agency Guidelines require loan data to be resubmitted to LP if the data changes from the time the AUS was last run. The most recent AUS in file reflects issues with DTI,. AUS is invalid due to 57.85% DTI > 28% approved by LP.  Missing verification of REO income as required in accordance of Chapter 5306 of the XXXXXXX XXX Single-Family Seller/Servicer Guide.

(2021-05-13) Lender provided the Schedule E. Condition cleared. (2021-05-12) The Lender provided an updated AUS, dated XX/XX/XXXX, with an Accept/Eligible grade and a DTI of 29%.  The Lender also attached a letter stating that "Rental documentation in file, verification of PITI and XXXX 1040’s Schedule E all support rental income loss." The LP states "If rental income is being used to qualify, document the loan file in accordance with Chapter 5306 of the XXXXXXX XXX Single-Family Seller/Servicer Guide."  Per Ch. 5306, a Lease agreement, Forms 72 or 1000 or a Schedule E must be provided.  The loan file is missing all of these documents.  Finding is retained.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.00% to 2.50%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020375

245_133_1457

1457

Credit

Missing Executed Personal Tax Returns for Borrower

Guidelines state: At least 1 year personal returns required.  Status of Personal Tax Return: No.  Tax Transcripts in file: No.  Details: Missing prior year's tax return required to qualify rental income for REO. Missing most recent year's tax return (XXXX) to qualify rental income as reflected on 1008 and lender's rental income calculation worksheet.  Lender utilized XXXX schedule E to qualify $XX.XX/monthly loss for REO.

(2021-05-11) Lender provided taxes for REO.  Condition cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.00% to 2.50%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020375

245_133_-96366

-96366

Compliance

Charges That Cannot Increase Test

This loan passed the charges that cannot increase test.  (12 CFR §1026.19(e)(3)(i))The loan contains charges that do not exceed the good faith determination according to §1026.19(e)(3)(i).Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).

(2021-05-13) Upon further review, the lender credit for tolerance cure on final CD resolves issue.  Condition Cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.00% to 2.50%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020375

245_133_-96368

-96368

Compliance

Consummation or Reimbursement Date Validation Test

This loan failed the closing or reimbursement date validation test.The loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations.

(2021-05-13) Upon further review, the lender credit for tolerance cure on final CD resolves issue.  Condition Cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.00% to 2.50%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020375

245_133_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Missing prior year's tax return (XXXX) as required to qualify rental income for REO as listed on 1003 and lender's income calculation worksheet.

(2021-05-13) AUS Standards are now met and loan meets TQM standards. (2021-05-13) Lender provided the Schedule E. Condition cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.00% to 2.50%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020375

245_133_-96369

-96369

Compliance

Reimbursement Amount Validation Test

This loan failed the reimbursement amount validation test.The loan failed one or more tolerance tests and did not provide a reimbursement amount. This information is necessary in order to correctly perform reimbursement calculations.

(2021-05-13) Upon further review, the lender credit for tolerance cure on final CD resolves issue.  Condition Cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.00% to 2.50%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020375

245_133_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-04) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.00% to 2.50%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020020

245_114_15296

15296

Credit

Missing 3rd Party Verbal Verification of Employment 1 (CoBorrower)

MIssing 3rd Party Verbal Verification of Employment for CoBorrower's job in position 1 on the application. VVOE in file is dated greater than 10 days prior to the Note date.

(2021-05-05) Lender submitted VVOE for co-borrower within 10 days prior to note date. Condition cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 20.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020020

245_114_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 20.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020020

245_114_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed This breach finding is non-material and will be rated a B grade. The exception status is currently Acknowledged by Client.

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 20.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020376

245_181_932

932

Credit

Missing AUS results

Missing AUS results. Additional conditions may apply.

(2021-05-06) Lender provided an LP approval.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Primary borrower has 8.00 years in field. ; Summary: Borrower has resided in current property for 4.00 years. ; Summary: Refinance reduces total housing payment by  $XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020308

245_69_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 7.00 years in field. ; Summary: Refinance reduces rate from 3.13% to 2.75%.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020308

245_69_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Rejected by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-26) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 7.00 years in field. ; Summary: Refinance reduces rate from 3.13% to 2.75%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020021

245_13_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 2.75% to 2.50%.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020021

245_13_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This finding is non-material and will be rated a B grade.

(2021-04-22) This finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 2.75% to 2.50%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020021

245_13_1435

1435

Compliance

RESPA: Servicing Disclosure Statement Not Executed

RESPA: Servicing Disclosure Statement is not executed . The exception status is currently Acknowledged by Client. This finding is non-material and will be rated a B grade.

(2021-04-22) This finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 2.75% to 2.50%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020378

245_87_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 3.75% to 2.88%. ; Summary: Borrower has resided in current property for 28.00 years. ; Summary: Primary borrower has 37.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020378

245_87_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-30) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 3.75% to 2.88%. ; Summary: Borrower has resided in current property for 28.00 years. ; Summary: Primary borrower has 37.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020483

245_103_13095

13095

Credit

Missing Payoff Statement for prior loan

Missing payoff statement for prior loan. Payoff statement for first mortgage lien and/or the second mortgage lien not provided

(2021-05-07) The lender provided the prior mortgage payoff.  Condition Cleared.

Summary: Primary borrower has 20.00 years in field. ; Summary: Borrower has 14.00 years self employed. ; Summary: Borrower has resided in current property for 11.00 years.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020484

245_31_1541

1541

Credit

Missing asset documentation - liquid assets

Lender's guidelines require 2  months' bank statements,  investor portfolio statements,  401K or other retirement account statements.  There are insufficient asset statements for the following accounts: Form : Liquid Assets Missing 2nd month bank statement for Asset #2 on the initial application (not listed on the final application).  Additionally, provide most recent bank statement for Asset #1 with balance of $XXX,XXX.XX (as listed on the final application) with documentation for any and all large deposits.

(2021-05-11) Lender provided 2nd month bank statement to meet guideline requirement.  Conidtion Cleared. (2021-05-10) Lender did not provided 2nd month statement of Asset#1 on updated 1003.  Condition remains.

Summary: Borrower has resided in current property for 3.33 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX ; Summary: Refinance reduces rate from 3.88% to 2.63%. ; Summary: Primary borrower has 26.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020484

245_31_15997

15997

Credit

Required Documentation is Missing

The loan file is missing verification of XXX fees.  Additional conditions may apply. The loan file is missing verification of XXX fees.  Additional conditions may apply.

(2021-05-10) Lender provided correct 1008/1003 reflecting subject does not have XXX.  Condition cleared.

Summary: Borrower has resided in current property for 3.33 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.88% to 2.63%. ; Summary: Primary borrower has 26.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020484

245_31_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Missing 2nd month bank statement for Asset #2 on the initial application (not listed on the final application).  Additionally, provide most recent bank statement for Asset #1 with balance of $XXX,XXX.XX (as listed on the final application) with documentation for any and all large deposits.

(2021-05-11) AUS Standards are now met and loan meets TQM standards. Lender provided 2nd month bank statement to meet guideline requirement.  Conidtion Cleared. (2021-05-11) Lender provided 2nd month bank statement to meet guideline requirement.  Conidtion Cleared. (2021-05-10) The lender provided the same DU dated XX/XX/XXXX that was previously in file. Re-submitted DU with updated assets is still required.  Condition Remains.

Summary: Borrower has resided in current property for 3.33 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.88% to 2.63%. ; Summary: Primary borrower has 26.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020484

245_31_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This finding is non-material and will be rated a B grade.

(2021-04-27) This finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 3.33 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.88% to 2.63%. ; Summary: Primary borrower has 26.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020484

245_31_1435

1435

Compliance

RESPA: Servicing Disclosure Statement Not Executed

RESPA: Servicing Disclosure Statement is not executed . The exception status is currently Acknowledged by Client. This finding is non-material and will be rated a B grade.

(2021-04-27) This finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 3.33 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.88% to 2.63%. ; Summary: Primary borrower has 26.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020485

245_193_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020485

245_193_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. Affiliated Business Disclosure not executed. This breach finding is non-material and will be rated a B grade.

(2021-04-23) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020485

245_193_2598

2598

Compliance

RESPA: Servicing Transfer Notice Missing

RESPA: Servicing Transfer Notice Missing . The exception status is currently Acknowledged by Client. The Servicing Disclosure is missing. This breach finding is non-material and will be rated a B grade.

(2021-04-23) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020239

245_168_16575

16575

Credit

HELOC Closure Letter Not Provided

The Borrower Authorization to Close Out Home Equity Line of Credit (HELOC) was not provided.

(2021-05-07) Lender provided an executed HELOC closure letter.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Primary borrower has 16.00 years in field. ; Summary: UW guides maximum DTI of 25.41%, loan qualified with DTI of 24.35%. ; Summary: Refinance reduces rate from 3.38% to 2.75%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020239

245_168_1137

1137

Credit

Missing 4506-T

Missing 4506T for borrower(s) on loan.  Total number Borrowers is  2  Borrower: Yes CoBorrower: No Borrower 3: ___ Borrower 4: ___

(2021-05-07) Lender provided an executed 4506-C.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Primary borrower has 16.00 years in field. ; Summary: UW guides maximum DTI of 25.41%, loan qualified with DTI of 24.35%. ; Summary: Refinance reduces rate from 3.38% to 2.75%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020239

245_168_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-27) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Primary borrower has 16.00 years in field. ; Summary: UW guides maximum DTI of 25.41%, loan qualified with DTI of 24.35%. ; Summary: Refinance reduces rate from 3.38% to 2.75%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020239

245_168_1435

1435

Compliance

RESPA: Servicing Disclosure Statement Not Executed

RESPA: Servicing Disclosure Statement is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-27) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Primary borrower has 16.00 years in field. ; Summary: UW guides maximum DTI of 25.41%, loan qualified with DTI of 24.35%. ; Summary: Refinance reduces rate from 3.38% to 2.75%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020487

245_57_1265

1265

Credit

Missing Third Party Fraud Tool (Report)

This file is missing a third party fraud report. Please provide an industry standard fraud tool along with any supporting document based on fraud report findings.  Please provide Fraud Report with OFAC search.  Additional conditions may apply. Borrowers on loan:  2 Fraud Report in file Borrower: No CoBorrower: No Borrower 3: ___ Borrower 4: ___

(2021-04-23) Lender provided third party fraud report. Condition cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 18.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020487

245_57_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 18.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020487

245_57_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-22) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 18.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020310

245_187_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Borrower has resided in current property for 3.00 years. ; Summary: Primary borrower has 5.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020462

245_177_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This finding is non-material and will be rated a B grade.

(2021-04-27) This finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.50% to 2.63%. ; Summary: Primary borrower has 8.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020462

245_177_1435

1435

Compliance

RESPA: Servicing Disclosure Statement Not Executed

RESPA: Servicing Disclosure Statement is not executed . The exception status is currently Acknowledged by Client. This finding is non-material and will be rated a B grade.

(2021-04-27) This finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.50% to 2.63%. ; Summary: Primary borrower has 8.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020464

245_134_1811

1811

Credit

Insufficient asset documentation in file - assets do not cover closing costs

Verified assets of $X.XX less cash to close $X,XXX.XX and less unverified earnest money $X.XX results in $-X,XXX.XX shortage of funds to close.

(2021-05-11) Lender provided evidence of assets sufficient to cover closing costs.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 15.00 years in field. ; Summary: Borrower has resided in current property for 3.00 years.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020464

245_134_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 15.00 years in field. ; Summary: Borrower has resided in current property for 3.00 years.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020464

245_134_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-04) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 15.00 years in field. ; Summary: Borrower has resided in current property for 3.00 years.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020241

245_189_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. Affiliated Business Disclosure not executed. This breach finding is non-material and will be rated a B grade.

(2021-04-23) This breach finding is non-material and will be rated a B grade.

Summary: Coborrower has 8.00 years in field. ; Summary: Borrower has resided in current property for 22.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020465

245_16_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 3.00% to 2.50%. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020490

245_66_11312

11312

Credit

DTI Exceeds Guidelines

Guidelines reflect a DTI of 12.36%. Due to a miscalculation of debts to income, the actual DTI is 19.41%. Income  used includes total borrower income $XX,XXX.XX plus subject property positive rental income $X.XX plus other REO positive rental income $X.XX. Total debt amount used is $X,XXX.XX.

(2021-05-13) Lender provided an acceptable DU approving the DTI.  Condition is cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.37% to 2.63%. ; Summary: Primary borrower has 15.00 years in field. ; Summary: Borrower has resided in current property for 5.50 years.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020490

245_66_11847

11847

Credit

Invalid AUS

The Lender's Guidelines/Agency Guidelines require loan data to be resubmitted to DU if the data changes from the time the AUS was last run. The most recent AUS in file reflects issues with DTI, Income,. The Lender's Guidelines/Agency Guidelines require loan data to be resubmitted to DU if the data changes from the time the AUS was last run. The most recent AUS in file reflects issues with the borrowers income, causing the DTI above the lenders tolerance.

(2021-05-13) Lender provided a valid AUS.  Condition is cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.37% to 2.63%. ; Summary: Primary borrower has 15.00 years in field. ; Summary: Borrower has resided in current property for 5.50 years.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020490

245_66_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application.

(2021-05-14) Condition has been cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.37% to 2.63%. ; Summary: Primary borrower has 15.00 years in field. ; Summary: Borrower has resided in current property for 5.50 years.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020490

245_66_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.37% to 2.63%. ; Summary: Primary borrower has 15.00 years in field. ; Summary: Borrower has resided in current property for 5.50 years.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020490

245_66_16059

16059

Compliance

Initial Closing Disclosure timing requirement not met

Based on the date of the initial CD, the borrower was not in receipt of the initial CD 3 business days prior to consummation. Initial CD was issued with no acknowledgment of receipt on the part of the borrower. Mailbox Rule/Presumed Receipt applied and borrower not in receipt of Initial CD 3 business days prior to consummation.

(2021-05-11) CD provided reflecting proper timing. (2021-05-11) The Lender provided Disclosure tracking.  Please see the K drive.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.37% to 2.63%. ; Summary: Primary borrower has 15.00 years in field. ; Summary: Borrower has resided in current property for 5.50 years.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020490

245_66_16061

16061

Compliance

Initial Closing Disclosure timing requirement not met - missing consummation date

This loan failed the initial CD delivery date test due to one of the following findings: The initial CD delivery date is provided and the initial CD disclosure method of delivery is marked as either: "USPS First Class Mail" or "Electronic Delivery" or blank, and the initial CD delivery date is less than six business days before the consummation date, or the closing/settlement date if no consummation date is provided, of the transaction; or "In Person" and the initial CD delivery date is less than three business days before the consummation date, or the closing/settlement date if no consummation date is provided, of the transaction; or the initial CD receipt date is provided and the initial CD receipt date is less than three business days before consummation date, or closing/settlement date if no consummation date is provided, of the transaction.

(2021-05-11) Initial CD provided meeting appropriate timing requirements. (2021-05-11) The Lender provided Disclosure tracking.  Please see the K drive.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.37% to 2.63%. ; Summary: Primary borrower has 15.00 years in field. ; Summary: Borrower has resided in current property for 5.50 years.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020490

245_66_-96387

-96387

Compliance

TRID Disclosure Delivery and Receipt Date Validation Test

This loan failed the TRID disclosure delivery and receipt date validation test due to one of the following findings:The Revised Loan Estimate Receipt Date is before Revised Loan Estimate Delivery Date; orThe Initial Closing Disclosure Receipt Date is before Initial Closing Disclosure Delivery Date; orThe Revised Closing Disclosure Receipt Date is before Revised Closing Disclosure Delivery Date. Initial CD was issued with no acknowledgment of receipt on the part of the borrower. Mailbox Rule/Presumed Receipt applied and borrower not in receipt of Initial CD 3 business days prior to consummation.

(2021-05-14) Condition has been cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.37% to 2.63%. ; Summary: Primary borrower has 15.00 years in field. ; Summary: Borrower has resided in current property for 5.50 years.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020143

245_158_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 15.00 years in field. ; Summary: Refinance reduces rate from 3.63% to 2.63%. ; Summary: Borrower has resided in current property for 22.00 years.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020313

245_131_15296

15296

Credit

Missing 3rd Party Verbal Verification of Employment 1 (CoBorrower)

MIssing 3rd Party Verbal Verification of Employment for CoBorrower's job in position 1 on the application.

(2021-05-14) Condition has been cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 13.00 years in field. ; Summary: Refinance reduces rate from 4.63% to 2.63%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020313

245_131_13095

13095

Credit

Missing Payoff Statement for prior loan

Missing payoff statement for prior loan.

(2021-05-13) Lender provided subject mortgage payoff statement.  Condition cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 13.00 years in field. ; Summary: Refinance reduces rate from 4.63% to 2.63%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020313

245_131_-96366

-96366

Compliance

Charges That Cannot Increase Test

This loan passed the charges that cannot increase test.  (12 CFR §1026.19(e)(3)(i))The loan contains charges that do not exceed the good faith determination according to §1026.19(e)(3)(i).Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Appraisal Fee increased from $XXX.XX on the initial LE to $XXX.XX on the LE dated XX/XX/XXXX.  The Changed Circumstance Letter dated XX/XX/XXXX indicated reason for increase is due to sales price and increase in appraisal fee.  Subject transaction is a refinance and LE dated XX/XX/XXXX did not disclose a higher property value.  The higher value was not disclosed until CD dated XX/XX/XXXX which exceeds the 3 day timing requirement.  Additionally, an increase in the fee is not a valid change in circumstance.  The appraisal invoice indicates the $XXX.XX are "charges in excess of contractual rate".  COC is not valid.  Provide letter of explanation, corrected CD, evidence of refund and proof of delivery.

(2021-05-13) Lender provided COC dated XX/XX/XXXX for increase in appraisal fee.  Condition cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 13.00 years in field. ; Summary: Refinance reduces rate from 4.63% to 2.63%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020313

245_131_-96368

-96368

Compliance

Consummation or Reimbursement Date Validation Test

This loan failed the closing or reimbursement date validation test.The loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations. COC dated XX/XX/XXXX is not valid.  Borrower is due a refund of $XXX.XX.

(2021-05-13) Lender provided COC dated XX/XX/XXXX for increase in appraisal fee.  Condition cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 13.00 years in field. ; Summary: Refinance reduces rate from 4.63% to 2.63%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020313

245_131_16939

16939

Compliance

E-Consent documentation on TRID loan is missing for borrower(s)

E-Consent documentation on TRID loan is missing for borrower(s)

(2021-05-13) Received required E-Consent documentation for borrower(s) (2021-05-13) Lender provided tracking disclosure containing e-consent.  Condition cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 13.00 years in field. ; Summary: Refinance reduces rate from 4.63% to 2.63%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020313

245_131_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Missing VVOE for Co-Borrower

(2021-05-13) AUS Standards are now met and loan meets TQM standards. (2021-05-13) Lender provided VVOE for CoBorrower.  Condition cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 13.00 years in field. ; Summary: Refinance reduces rate from 4.63% to 2.63%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020313

245_131_-96369

-96369

Compliance

Reimbursement Amount Validation Test

This loan failed the reimbursement amount validation test.The loan failed one or more tolerance tests and did not provide a reimbursement amount. This information is necessary in order to correctly perform reimbursement calculations. COC dated XX/XX/XXXX is not valid.  Borrower is due a refund of $XXX.XX.

(2021-05-13) Lender provided COC dated XX/XX/XXXX for increase in appraisal fee.  Condition cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 13.00 years in field. ; Summary: Refinance reduces rate from 4.63% to 2.63%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020313

245_131_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This finding is non-material and will be rated a B grade.

(2021-05-04) This finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 13.00 years in field. ; Summary: Refinance reduces rate from 4.63% to 2.63%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020313

245_131_1435

1435

Compliance

RESPA: Servicing Disclosure Statement Not Executed

RESPA: Servicing Disclosure Statement is not executed . The exception status is currently Acknowledged by Client. This finding is non-material and will be rated a B grade.

(2021-05-04) This finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 13.00 years in field. ; Summary: Refinance reduces rate from 4.63% to 2.63%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020112

245_119_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 5.08 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020492

245_107_1555

1555

Credit

Assets are not sourced/seasoned

There is at least one account on the final application that has no source.  Liquid assets with no source/seasoning: 1.00 Retirement assets with no source/seasoning: 0.00 Purchase Deposits with no source: 0.00 Details: The statement for account #1 on final application reflects a large deposit of $XX,XXX.XX on XX/XX/XXXX.  Per letter of explanation, this is from the sale of a car.  Provide signed bill of sale and evidence of receipt of proceeds.  Per LP,  any deposit that exceeds $X,XXX.XX must be sourced/documented. Additionally, Asset#2 has $XX,XXX.XX in stocks/equities.  Per XXXXX Bulletin XXXX-X,  evidence of liquidation and Borrower receipt of funds is required when any funds from stocks, stock options and mutual funds, are used for downpayment and/or closing costs.

(2021-05-13) Deducted $XX,XXX.XX unverified depsoit and assets still meets AUS guidelines.  Condition Cleared. (2021-05-11) Lender provided LOX regarding automobile bought and sold the following day yet no proof of sale.  Condition remains.

Summary: Primary borrower has 15.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020492

245_107_928

928

Credit

Incomplete Mortgage/Deed of Trust

All pages of the Mortgage/Deed of Trust were not provided. Missing notary date.

(2021-05-12) The lender provided a corrected DOT, with a proper notary acknowledgement page, which was executed and recorded on XX/XX/XXXX.  See the K drive folder.  The finding has been cleared. (2021-05-06) The Lender provided the same executed Deed of Trust, as the one found in the loan file, where the notary incorrectly filled in his name instead of the consummation date, which is not acceptable.  The notary page of the Deed of Trust needs to be corrected, or a new DOT needs to be executed.  Additionally, the settlement agent needs to provide an intent to re-record the DOT, if it has already been sent for recording.

Summary: Primary borrower has 15.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020492

245_107_15852

15852

Credit

Missing Written Verification of Employment - Bonus,OT, Commission 1(Borrower)

Written Verification of employment is missing for Borrower 1 for bonus, overtime, or commission income used to qualify.  This income is for the job listed in position 1 on the application. Per LPA, the Borrower's income was assessed using XXXXXXX report dated XX/XX/XXXX.  The WVOE/XXXXXXX report dated XX/XX/XXXX is missing from the loan file.

(2021-05-06) The Lender provided a WVOE dated XX/XX/XXXX, which reflects XXXX-XXXX income for the borrower's current employer.  Finding cleared.

Summary: Primary borrower has 15.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020492

245_107_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 15.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020492

245_107_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Loan file is missing:  1) Source/documentation for large deposit, 2) Proof of liquidation and receipt of funds from equities, 3) Verification of new debt (car loan), 4) XXXXXXX report dated XX/XX/XXXX, 5) Verification of XXX fees on subject property.

(2021-05-13) AUS Standards are now met and loan meets TQM standards. Assets meet AUS guidelines (2021-05-13) Lender provided documentation to meet asset requirement.  Condition Cleared.

Summary: Primary borrower has 15.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020492

245_107_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This finding is non-material and will be rated a B grade.

(2021-04-29) This finding is non-material and will be rated a B grade.

Summary: Primary borrower has 15.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020492

245_107_1435

1435

Compliance

RESPA: Servicing Disclosure Statement Not Executed

RESPA: Servicing Disclosure Statement is not executed . The exception status is currently Acknowledged by Client. This finding is non-material and will be rated a B grade.

(2021-04-29) This finding is non-material and will be rated a B grade.

Summary: Primary borrower has 15.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020492

245_107_2598

2598

Compliance

RESPA: Servicing Transfer Notice Missing

RESPA: Servicing Transfer Notice Missing . The exception status is currently Acknowledged by Client. This finding is non-material and will be rated a B grade.

(2021-04-29) This finding is non-material and will be rated a B grade.

Summary: Primary borrower has 15.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020243

245_21_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application.

(2021-05-03) VVOE was provided.  Condition cleared.

Summary: Refinance reduces rate from 3.38% to 2.75%. ; Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 5.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020243

245_21_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 3.38% to 2.75%. ; Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 5.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020243

245_21_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application.

(2021-05-03) AUS Standards are now met and loan meets TQM standards. (2021-05-03) VVOE was provided.  Condition cleared.

Summary: Refinance reduces rate from 3.38% to 2.75%. ; Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 5.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020243

245_21_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-27) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 3.38% to 2.75%. ; Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 5.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020243

245_21_1435

1435

Compliance

RESPA: Servicing Disclosure Statement Not Executed

RESPA: Servicing Disclosure Statement is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-27) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 3.38% to 2.75%. ; Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 5.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020243

245_21_2598

2598

Compliance

RESPA: Servicing Transfer Notice Missing

RESPA: Servicing Transfer Notice Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-27) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 3.38% to 2.75%. ; Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 5.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020113

245_24_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 23.00 years in field. ; Summary: Borrower has resided in current property for 12.00 years. ; Summary: Refinance reduces rate from 3.88% to 2.88%. ; Summary: Refinance reduces total housing payment by  $-XX.XX.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020113

245_24_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-26) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 23.00 years in field. ; Summary: Borrower has resided in current property for 12.00 years. ; Summary: Refinance reduces rate from 3.88% to 2.88%. ; Summary: Refinance reduces total housing payment by  $-XX.XX.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020113

245_24_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-26) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 23.00 years in field. ; Summary: Borrower has resided in current property for 12.00 years. ; Summary: Refinance reduces rate from 3.88% to 2.88%. ; Summary: Refinance reduces total housing payment by  $-XX.XX.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020493

245_81_1811

1811

Credit

Insufficient asset documentation in file - assets do not cover closing costs

Verified assets of $X.XX less cash to close $XX,XXX.XX and less unverified earnest money $X.XX results in $-XX,XXX.XX shortage of funds to close.

(2021-05-06) Lender submitted assets.  Condition cleared.

Summary: Primary borrower has 14.00 years in field. ; Summary: Borrower has resided in current property for 4.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020493

245_81_1137

1137

Credit

Missing 4506-T

Missing 4506T for borrower(s) on loan.  Total number Borrowers is  2  Borrower: No CoBorrower: No Borrower 3: ___ Borrower 4: ___

(2021-05-06) Lender submitted 4506 for borrower and co-borrower.  Condition cleared.

Summary: Primary borrower has 14.00 years in field. ; Summary: Borrower has resided in current property for 4.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020493

245_81_455

455

Credit

Missing Final Application (1003)

A final application for the subject transaction was not provided

(2021-05-06) Credit application is Present (2021-05-06) Lender submitted final 1003.  Condition cleared.

Summary: Primary borrower has 14.00 years in field. ; Summary: Borrower has resided in current property for 4.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020493

245_81_13095

13095

Credit

Missing Payoff Statement for prior loan

Missing payoff statement for prior loan.

(2021-05-11) Lender submitted payoff.  Condition cleared. (2021-05-06) Lender submitted payoff that lists a figure that does not match final CD.  Condition remains.

Summary: Primary borrower has 14.00 years in field. ; Summary: Borrower has resided in current property for 4.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020493

245_81_1102

1102

Credit

Missing Permanent Resident Alien Card (Borrower 1)

Missing Permanent Resident Alien Card for Borrower 1

(2021-05-06) Permanent Resident Alien Card is Yes (2021-05-06) Lender submitted alien card.  Condition cleared.

Summary: Primary borrower has 14.00 years in field. ; Summary: Borrower has resided in current property for 4.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020493

245_81_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-30) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 14.00 years in field. ; Summary: Borrower has resided in current property for 4.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020493

245_81_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Missing asset documentation to verify $XX,XXX.XX funds to close and as required by LP.

(2021-05-06) AUS Standards are now met and loan meets TQM standards. (2021-05-06) Lender submitted assets.  Condition cleared.

Summary: Primary borrower has 14.00 years in field. ; Summary: Borrower has resided in current property for 4.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020493

245_81_2961

2961

Compliance

TILA: NORTC Missing for one or more borrowers/vested parties

TILA: Notice of Right to Cancel Missing

(2021-05-06) TILA: Notice of Right to Cancel Present (2021-05-06) Lender submitted NORTC for borrowers.  Condition cleared.

Summary: Primary borrower has 14.00 years in field. ; Summary: Borrower has resided in current property for 4.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020384

245_123_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 2.88% to 2.63%. ; Summary: Borrower has resided in current property for 12.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020384

245_123_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed This breach finding is non-material and will be rated a B grade. The exception status is currently Acknowledged by Client.

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 2.88% to 2.63%. ; Summary: Borrower has resided in current property for 12.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020496

245_88_7004

7004

Compliance

ECOA: Appraisal Disclosure Not Provided Timely

ECOA: Appraisal Disclosure Date XX/XX/XXX is not within three business days of Application Date XX/XX/XXXX

(2021-04-30) This will be considered non-material and will be rated a B grade.

Summary: Refinance reduces rate from 4.38% to 3.63%. ; Summary: UW guides maximum DTI of 40.00%, loan qualified with DTI of 37.20%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020496

245_88_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 4.38% to 3.63%. ; Summary: UW guides maximum DTI of 40.00%, loan qualified with DTI of 37.20%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020496

245_88_10168

10168

Compliance

RESPA: AfBA Disclosure not provided timely

RESPA: AfBA Disclosure Date XX/XX/XXXX is not within three business days of Application Date XX/XX/XXXX . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 4.38% to 3.63%. ; Summary: UW guides maximum DTI of 40.00%, loan qualified with DTI of 37.20%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020496

245_88_1435

1435

Compliance

RESPA: Servicing Disclosure Statement Not Executed

RESPA: Servicing Disclosure Statement is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 4.38% to 3.63%. ; Summary: UW guides maximum DTI of 40.00%, loan qualified with DTI of 37.20%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020496

245_88_2598

2598

Compliance

RESPA: Servicing Transfer Notice Missing

RESPA: Servicing Transfer Notice Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 4.38% to 3.63%. ; Summary: UW guides maximum DTI of 40.00%, loan qualified with DTI of 37.20%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020470

245_152_1097

1097

Credit

Cash out amount greater than guideline maximum

Lender guidelines allow a maximum cash out of $XX,XXX.XX,per the final CD the borrower received a cash out amount of $XX,XXX.XX.  The lender did not include all the consumer debts paid off at closing along with the cash in hand.

(2021-04-26) LPA was provided and reflects cash-out refinance as loan purpose.  Cash-out within guidelines.  Condition cleared.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Primary borrower has 11.25 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020470

245_152_11847

11847

Credit

Invalid AUS

The Lender's Guidelines/Agency Guidelines require loan data to be resubmitted to DU if the data changes from the time the AUS was last run. The most recent AUS in file reflects issues with  Subject PITI, Income,.

(2021-04-26) LPA provided that matches the final terms and conditions of the loan.  Condition cleared.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Primary borrower has 11.25 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020470

245_152_1120

1120

Credit

LTV exceeds guidelines

Lender guidelines requires a maximum LTV of 69.76%.  However, the current LTV of the subject is 69.77%. The appraisal or sales price value used was $X,XXX,XXX.XX  having a loan purpose of  Refinance-CashOut.

(2021-04-26) Invalid finding, condition rescinded.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Primary borrower has 11.25 years in field.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020470

245_152_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application.

(2021-05-05) Lender submitted VVOE.  Condition cleared.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Primary borrower has 11.25 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020470

245_152_-96366

-96366

Compliance

Charges That Cannot Increase Test

This loan passed the charges that cannot increase test.  (12 CFR §1026.19(e)(3)(i))The loan contains charges that do not exceed the good faith determination according to §1026.19(e)(3)(i).Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).

(2021-05-14) Condition is not applicable and has been rescinded.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Primary borrower has 11.25 years in field.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020470

245_152_-96368

-96368

Compliance

Consummation or Reimbursement Date Validation Test

This loan failed the closing or reimbursement date validation test.The loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations.

(2021-05-14) Condition is not applicable and has been rescinded.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Primary borrower has 11.25 years in field.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020470

245_152_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). DU reflects loan as rate and term instead of cash-out.

(2021-05-05) AUS Standards are now met and loan meets TQM standards. (2021-05-05) Lender submitted VVOE.  Condition cleared. (2021-05-05) Lender provided LPA reflecting loan purpose as cash-out refinance. Loan file is failing TQM due to missing VVOE. (2021-04-26) Lender provided LPA reflecting loan purpose as cash-out refinance. Loan file is failing TQM due to missing VVOE.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Primary borrower has 11.25 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020470

245_152_-96369

-96369

Compliance

Reimbursement Amount Validation Test

This loan failed the reimbursement amount validation test.The loan failed one or more tolerance tests and did not provide a reimbursement amount. This information is necessary in order to correctly perform reimbursement calculations.

(2021-05-14) Condition is not applicable and has been rescinded.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Primary borrower has 11.25 years in field.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020471

245_46_17468

17468

Compliance

ECOA: Appraisal Not Provided to Applicant

ECOA Non-Compliant: Appraisal present; no evidence appraisal was provided to applicant.

(2021-05-11) Lender submitted date appraisal was provided to borrower.   Condition cleared. (2021-05-06) Document received by Lender does not prove borrower received appraisal.  Condition remains active.

Summary: Primary borrower has 14.00 years in field. ; Summary: Refinance reduces rate from 3.38% to 2.75%. ; Summary: Borrower has resided in current property for 5.00 years.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020471

245_46_17470

17470

Compliance

ECOA: Delivery of Appraisal/Valuation to Applicant Not Timely

The exception 'ECOA: Delivery of Appraisal/Valuation to Applicant Not Timely' is cleared. From fields in template: Appraisal Document ---- Present Appraisal Provided to Applicant ---- No Appraisal Provided/Receipt Date (see tool tip) ---- (Blank) Consummation  Date ---- XX/XX/XXXX XX:XX:XX XX Delivery Method - Appraisal/Valuation ---- (Blank) Appraisal Sent Timely Upon Completion ---- (Blank) Waiver - Appraisal Delivery Timing ---- Yes Lien Position ---- 1 Calculated Originator Application Date ---- XX/XX/XXXX XX:XX:XX XX

(2021-05-14) Condition is not applicable and has been rescinded.

Summary: Primary borrower has 14.00 years in field. ; Summary: Refinance reduces rate from 3.38% to 2.75%. ; Summary: Borrower has resided in current property for 5.00 years.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020498

245_65_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-X,XXX.XX.

Active

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020498

245_65_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-23) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-X,XXX.XX.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020116

245_139_1433

1433

Credit

Employment history has gaps in employment - Borrower

Per Appendix Q, a creditor must verify the consumer’s employment for the most recent two full years, and the consumer must explain any gaps in employment that span one or more months and Indicate if he/she was in school or the military for the recent two full years, providing evidence supporting this claim, such as college transcripts, or discharge papers.  Borrower has gaps in employment history with no letter of explanation in file. Borrower has employment gap > 30 days from position ending XX/XX/XXXX to start of position XX/XX/XXXX. Missing VOE from borrower’s previous position from XX/XX/XXXX-XX/XX/XXXX to verify 2 years of employment

(2021-05-06) Lender provided a letter of explanation for the gap in employment.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Refinance reduces total housing payment by  $-X,XXX.XX.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020116

245_139_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application.

(2021-05-07) Lender submitted VVOE dated XX/XX/XXXX.  Condition cleared. (2021-05-04) Lender provided a VVOE dated XX/XX/XXXX.  However, guides require a VVOE dated within 10 days of the Note date.  Condition remains.

Summary: Refinance reduces total housing payment by  $-X,XXX.XX.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020116

245_139_17344

17344

Credit

Missing Paystubs (Borrower 1)

Borrower 1 is missing valid Paystubs or other written verification of employment for the job listed in position  1 on the application Missing pay stub for borrower’s current position which started XX/XX/XXXX.

(2021-05-06) Lender provided a paystub for the borrower.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Refinance reduces total housing payment by  $-X,XXX.XX.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020116

245_139_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Loan does not meet criteria for Temporary Qualified Mortgage due to missing paystub for borrower’s current job/position.

(2021-05-07) AUS Standards are now met and loan meets TQM standards. (2021-05-07) Lender submitted VVOE.  Condition cleared.

Summary: Refinance reduces total housing payment by  $-X,XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020030

245_141_1095

1095

Credit

Insufficient Title Coverage

Title Coverage is $XXX,XXX.XX and the Loan Amount is $XXX,XXX.XX.

(2021-05-07) Lender submitted title policy with sufficient coverage.  Condition cleared.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces rate from 3.75% to 2.75%. ; Summary: Primary borrower has 24.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020030

245_141_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces rate from 3.75% to 2.75%. ; Summary: Primary borrower has 24.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020030

245_141_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-04) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces rate from 3.75% to 2.75%. ; Summary: Primary borrower has 24.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020385

245_122_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XX.XX. ; Summary: Primary borrower has 16.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020473

245_51_1126

1126

Credit

CLTV exceeds guidelines

Lender guidelines requires a maximum CLTV of 57.90%.  However, the current CLTV of the subject is 58.10%. The appraisal or sales price value used was $XXX,XXX.XX having a loan purpose of  Refinance-CashOut. LP loan amount is $XX,XXX.XX. The loan amount per the Note in file is $XXX,XXX.XX. LP LTV/CLTV is 57.90% vs 58.10% actual.

(2021-05-06) Lender provided a correct AUS and 1008.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Borrower has resided in current property for 18.00 years. ; Summary: Refinance reduces total housing payment by  $XXX.XX. ; Summary: UW Guides require 1.04 months reserves, loan qualified with 8.53 months reserves. ; Summary: Refinance reduces rate from 3.56% to 2.88%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020473

245_51_11847

11847

Credit

Invalid AUS

The Lender's Guidelines/Agency Guidelines require loan data to be resubmitted to LP if the data changes from the time the AUS was last run. The most recent AUS in file reflects issues with  LTV, CLTV, Subject PITI,. LP loan amount is $XXX,XXX.XX. The loan amount per the Note in file is $XXX,XXX.XX. LP LTV/CLTV is 57.90% vs 58.10% actual. LP P&I is $X,XXX.XX vs $X,XXX.XX actual.

(2021-05-06) Lender provided a correct AUS and 1008.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Borrower has resided in current property for 18.00 years. ; Summary: Refinance reduces total housing payment by  $XXX.XX. ; Summary: UW Guides require 1.04 months reserves, loan qualified with 8.53 months reserves. ; Summary: Refinance reduces rate from 3.56% to 2.88%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020473

245_51_1103

1103

Credit

Loan amount exceeds the guideline maximum

Lender guidelines allow a maximum loan amount of $XXX,XXX.XX, per the loan approval and Note, the subject loan amount is $XXX,XXX.XX.

(2021-05-06) Lender provided a correct AUS and 1008.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Borrower has resided in current property for 18.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: UW Guides require 1.04 months reserves, loan qualified with 8.53 months reserves. ; Summary: Refinance reduces rate from 3.56% to 2.88%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020473

245_51_1120

1120

Credit

LTV exceeds guidelines

Lender guidelines requires a maximum LTV of 57.90%.  However, the current LTV of the subject is 58.10%. The appraisal or sales price value used was $XXX,XXX.XX  having a loan purpose of  Refinance-CashOut. LP loan amount is $XXX,XXX.XX. The loan amount per the Note in file is $XXX,XXX. LP LTV/CLTV is 57.90% vs 58.10% actual.

(2021-05-06) Lender provided a correct AUS and 1008.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Borrower has resided in current property for 18.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: UW Guides require 1.04 months reserves, loan qualified with 8.53 months reserves. ; Summary: Refinance reduces rate from 3.56% to 2.88%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020473

245_51_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 18.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: UW Guides require 1.04 months reserves, loan qualified with 8.53 months reserves. ; Summary: Refinance reduces rate from 3.56% to 2.88%.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020473

245_51_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-26) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 18.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: UW Guides require 1.04 months reserves, loan qualified with 8.53 months reserves. ; Summary: Refinance reduces rate from 3.56% to 2.88%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020032

245_61_1466

1466

Credit

Missing Evidence of HOA Dues for Primary Residence

Missing Evidence of XXX Dues for Primary Residence

(2021-05-10) Lender provided document to meet guideline requirement.  Condition Cleared.

Summary: Borrower has resided in current property for 8.00 years.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020032

245_61_1468

1468

Credit

Missing Evidence of HOA Dues for REO1

Missing Evidence of XXX Dues for REO1

(2021-05-10) Lender provided document to meet guideline requirement.  Condition Cleared.

Summary: Borrower has resided in current property for 8.00 years.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020032

245_61_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 8.00 years.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020032

245_61_16939

16939

Compliance

E-Consent documentation on TRID loan is missing for borrower(s)

Received required E-Consent documentation for borrower(s)

(2021-05-07) Received required E-Consent documentation for borrower(s)

Summary: Borrower has resided in current property for 8.00 years.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020032

245_61_16059

16059

Compliance

Initial Closing Disclosure timing requirement not met

Based on the date of the initial CD, the borrower was not in receipt of the initial CD 3 business days prior to consummation. Initial CD reflects Date Issued of XX/XX/XXXX with no acknowledgment of receipt on the part of the borrower. Mailbox Rule/Presumed Receipt applied and borrower not in receipt of Initial CD 3 business days prior to consummation of XX/XX/XXXX.  No Cure.

(2021-05-07) CD provided reflecting proper timing. (2021-05-07) The Lender provided a Disclosure Tracking log which indicates that the initial CD dated XX/XX/XXXX was electronically received by the borrowers on XX/XX/XXXX, which was more than 3 days prior to consummation on XX/XX/XXXX.  Finding cleared.

Summary: Borrower has resided in current property for 8.00 years.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020032

245_61_16061

16061

Compliance

Initial Closing Disclosure timing requirement not met - missing consummation date

This loan failed the initial CD delivery date test due to one of the following findings: The initial CD delivery date is provided and the initial CD disclosure method of delivery is marked as either: "USPS First Class Mail" or "Electronic Delivery" or blank, and the initial CD delivery date is less than six business days before the consummation date, or the closing/settlement date if no consummation date is provided, of the transaction; or "In Person" and the initial CD delivery date is less than three business days before the consummation date, or the closing/settlement date if no consummation date is provided, of the transaction; or the initial CD receipt date is provided and the initial CD receipt date is less than three business days before consummation date, or closing/settlement date if no consummation date is provided, of the transaction. Initial CD reflects Date Issued of XX/XX/XXXX with no acknowledgment of receipt on the part of the borrower. Mailbox Rule/Presumed Receipt applied and borrower not in receipt of Initial CD 3 business days prior to consummation of XX/XX/XXXX.  No Cure.

(2021-05-07) Initial CD provided meeting appropriate timing requirements. (2021-05-07) The Lender provided a Disclosure Tracking log which indicates that the initial CD dated XX/XX/XXXX was electronically received by the borrowers on XX/XX/XXXX, which was more than 3 days prior to consummation on XX/XX/XXXX.  Finding cleared.

Summary: Borrower has resided in current property for 8.00 years.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020032

245_61_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-23) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 8.00 years.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020316

245_188_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 12.00 years in field. ; Summary: Borrower has resided in current property for 3.75 years.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020033

245_75_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 4.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: UW guides maximum DTI of 39.00%, loan qualified with DTI of 36.12%. ; Summary: Refinance reduces rate from 4.25% to 2.99%.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020033

245_75_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 4.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: UW guides maximum DTI of 39.00%, loan qualified with DTI of 36.12%. ; Summary: Refinance reduces rate from 4.25% to 2.99%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020500

245_45_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application. Guidelines require a VVOE within 10 business days prior to the note date. The VVOE is missing.

(2021-05-10) The Lender provided VVOE's dated XX/XX/XXXX, for the borrower's current and prior employments.  The subject note date is XX/XX/XXXX.  Finding cleared.

Summary: UW guides maximum DTI of 45.00%, loan qualified with DTI of 41.60%. ; Summary: Primary borrower has 10.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020500

245_45_1258

1258

Credit

Missing LOE for excessive credit inquiries

Missing LOE for excessive credit inquiries

(2021-05-13) Inquiry was for the subject credit pull. Condition cleared.

Summary: UW guides maximum DTI of 45.00%, loan qualified with DTI of 41.60%. ; Summary: Primary borrower has 10.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020500

245_45_13095

13095

Credit

Missing Payoff Statement for prior loan

Missing payoff statement for prior loan.

(2021-05-10) The Lender provided a payoff statement for the prior loan.  Finding cleared.

Summary: UW guides maximum DTI of 45.00%, loan qualified with DTI of 41.60%. ; Summary: Primary borrower has 10.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020500

245_45_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Missing third party verification of employment within 10 days.

(2021-05-10) AUS Standards are now met and loan meets TQM standards. (2021-05-10) The Lender provided VVOE's dated XX/XX/XXXX, for the borrower's current and prior employments.  The subject note date is XX/XX/XXXX.  Finding cleared.

Summary: UW guides maximum DTI of 45.00%, loan qualified with DTI of 41.60%. ; Summary: Primary borrower has 10.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020500

245_45_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-30) This breach finding is non-material and will be rated a B grade.

Summary: UW guides maximum DTI of 45.00%, loan qualified with DTI of 41.60%. ; Summary: Primary borrower has 10.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020172

245_8_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed This breach finding is non-material and will be rated a B grade. The exception status is currently Acknowledged by Client.

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 6.75 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020251

245_97_15296

15296

Credit

Missing 3rd Party Verbal Verification of Employment 1 (CoBorrower)

MIssing 3rd Party Verbal Verification of Employment for CoBorrower's job in position 1 on the application. The Verification of Employment in the loan file is dated XX/XX/XXXX which is > 10 days from the Note.

(2021-05-12) The lender provided a VVOE dated XX/XX/XXXX.  See the K drive folder.  Finding is cleared. (2021-05-07) Lender provided a VVOE for Borrower only.  Co-Borrower VVOE is still missing.  Condition remains.

Summary: Refinance reduces total housing payment by  $-XXXX.XX. ; Summary: UW guides maximum DTI of 36.00%, loan qualified with DTI of 30.50%. ; Summary: Primary borrower has 15.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020251

245_97_17355

17355

Credit

Missing Paystubs (CoBorrower)

CoBorrower is missing Paystubs for the job listed in position 1 on the application

(2021-05-12) LP requires the co-borrower provide a YTD paystub and a W-2 for the most recent year, or a WVOE documenting all YTD earnings and earnings for the most recent calendar year. The lender provided a WVOE dated XX/XX/XXXX, reflecting YTD income and prior year's income.  The WVOE meets the LP requirement.  See the K drive folder.  Finding is cleared. (2021-05-07) Lender provided paystubs for Borrower only.  Co-Borrower paystubs are still missing.  Condition remains.

Summary: Refinance reduces total housing payment by  $-XXXX.XX. ; Summary: UW guides maximum DTI of 36.00%, loan qualified with DTI of 30.50%. ; Summary: Primary borrower has 15.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020251

245_97_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXXX.XX. ; Summary: UW guides maximum DTI of 36.00%, loan qualified with DTI of 30.50%. ; Summary: Primary borrower has 15.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020251

245_97_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-27) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXXX.XX. ; Summary: UW guides maximum DTI of 36.00%, loan qualified with DTI of 30.50%. ; Summary: Primary borrower has 15.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020388

245_191_16606

16606

Credit

Asset Verification is expired

The account statement for asset(s) identified on the application in position 2 is dated over 120 days from the Note date XX/XX/XXXX. Asset dated greater than 60 days (XXXX XXXXX update X.XX.XX)

(2021-05-11) Lender provided an updated asset statement.  The documentation is deemed acceptable.  Condition is cleared. (2021-04-21) Asset dated greater than 60 days (XXXX XXXXX update X.XX.XX)

Summary: Primary borrower has 30.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020388

245_191_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 30.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020319

245_96_1137

1137

Credit

Missing 4506-T

Missing 4506T for borrower(s) on loan.  Total number Borrowers is  1  Borrower: No CoBorrower: ___ Borrower 3: ___ Borrower 4: ___

(2021-05-05) Lender submitted 4506 dated XX/XX/XXXX.  Condition cleared.

Summary: Primary borrower has 10.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020319

245_96_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 10.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020035

245_3_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application.

(2021-05-06) Lender provided a VVOE.  The documentation is deemed acceptable.  Condition is cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020035

245_3_1137

1137

Credit

Missing 4506-T

Missing 4506T for borrower(s) on loan.  Total number Borrowers is  1  Borrower: No CoBorrower: ___ Borrower 3: ___ Borrower 4: ___

(2021-05-06) Lender provided an executed 4506-C.  The documentation is deemed acceptable.  Condition is cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020035

245_3_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020035

245_3_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing . The exception status is currently Acknowledged by Client. This finding is non-material and will be rated a B grade. This breach finding is non-material and will be rated a B grade.

(2021-04-22) This breach finding is non-material and will be rated a B grade. (2021-04-20) This finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020035

245_3_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Missing 3rd Party VVOE within 10 business days of Note.

(2021-05-06) AUS Standards are now met and loan meets TQM standards. (2021-05-06) Lender provided the VVOE.  The documentation is deemed acceptable and meets AUS standards.  Condition is cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020035

245_3_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-22) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020122

245_63_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 10.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Active

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020528

245_132_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-27) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 35.00 years in field. ; Summary: Borrower has resided in current property for 6.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020321

245_106_15296

15296

Credit

Missing 3rd Party Verbal Verification of Employment 1 (CoBorrower)

MIssing 3rd Party Verbal Verification of Employment for CoBorrower's job in position 1 on the application.

(2021-05-10) Lender provided post-close VVOE showing co-borrower is still active. No evidence file was submitted to agency yet. Condition cleared. (2021-05-06) The Lender provided a post-closing TWN VVOE for the co-borrower, dated XX/XX/XXXX.  However, per DU, the VVOE needed to be dated within 10 business days prior to the Note date.  The VVOE in file was dated XX/XX/XXXX, which is more than 10 business days prior to the Note, dated XX/XX/XXXX.  The finding is retained.

Summary: Refinance reduces total housing payment by  $-XXXX.XX. ; Summary: Primary borrower has 7.00 years in field. ; Summary: Refinance reduces rate from 3.98% to 2.99%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020321

245_106_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 7.00 years in field. ; Summary: Refinance reduces rate from 3.98% to 2.99%.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020321

245_106_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Missing VVOE for Co-Borrower.

(2021-05-10) AUS Standards are now met and loan meets TQM standards. (2021-05-10) Lender provided post-close VVOE showing co-borrower is still active. No evidence file was submitted to agency yet. Condition cleared. (2021-05-06) The Lender provided a post-closing TWN VVOE for the co-borrower, dated XX/XX/XXXX.  However, per DU, the VVOE needed to be dated within 10 business days prior to the Note date.  The VVOE in file was dated XX/XX/XXXX, which is more than 10 business days prior to the Note, dated XX/XX/XXXX.  The finding is retained.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 7.00 years in field. ; Summary: Refinance reduces rate from 3.98% to 2.99%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020321

245_106_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This finding is non-material and will be rated a B grade.

(2021-05-03) This finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 7.00 years in field. ; Summary: Refinance reduces rate from 3.98% to 2.99%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020254

245_109_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application.

(2021-05-05) Lender provided WVOE.  Condition cleared.

Summary: Primary borrower has 6.50 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020254

245_109_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 6.50 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020175

245_178_17468

17468

Compliance

ECOA: Appraisal Not Provided to Applicant

ECOA Non-Compliant: Appraisal present; no evidence appraisal was provided to applicant.

(2021-04-26) Lender provided evidence that the appraisal was provided to the applicant via e-mail, and in a timely manner.  Documentation submitted is deemed acceptable. Condition cleared.

Summary: Refinance reduces rate from 3.13% to 2.99%. ; Summary: Borrower has resided in current property for 21.00 years. ; Summary: Primary borrower has 28.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020175

245_178_17470

17470

Compliance

ECOA: Delivery of Appraisal/Valuation to Applicant Not Timely

The exception 'ECOA: Delivery of Appraisal/Valuation to Applicant Not Timely' is cleared. From fields in template: Appraisal Document ---- Present Appraisal Provided to Applicant ---- No Appraisal Provided/Receipt Date (see tool tip) ---- (Blank) Consummation  Date ---- XX/XX/XXXX 12:00:00 AM Delivery Method - Appraisal/Valuation ---- (Blank) Appraisal Sent Timely Upon Completion ---- (Blank) Waiver - Appraisal Delivery Timing ---- No Lien Position ---- 1 Calculated Originator Application Date ---- XX/XX/XXXX 12:00:00 AM

(2021-04-26) Condition auto generated incorrectly. Condition rescinded.

Summary: Refinance reduces rate from 3.13% to 2.99%. ; Summary: Borrower has resided in current property for 21.00 years. ; Summary: Primary borrower has 28.00 years in field.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020175

245_178_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-22) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 3.13% to 2.99%. ; Summary: Borrower has resided in current property for 21.00 years. ; Summary: Primary borrower has 28.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020147

245_169_1137

1137

Credit

Missing 4506-T

Missing 4506T for borrower(s) on loan.  Total number Borrowers is  2  Borrower: No CoBorrower: No Borrower 3: ___ Borrower 4: ___

(2021-05-05) 4506 for borrower and co-borrower submitted.  Condition cleared.

Summary: Refinance reduces total housing payment by  $-X,XXX.XX. ; Summary: Refinance reduces rate from 3.50% to 2.88%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020147

245_169_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-X,XXX.XX. ; Summary: Refinance reduces rate from 3.50% to 2.88%.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020256

245_180_1101

1101

Credit

Condo Questionnaire has not been entered

The Condo Questionnaire is missing from the loan file.  Additional conditions may apply.

(2021-05-11) Lender provided condo questionnaire.  Condition cleared.

Summary: Primary borrower has 10.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020256

245_180_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 10.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020256

245_180_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-26) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 10.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020176

245_185_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 3.00 years. ; Summary: Refinance reduces rate from 3.63% to 2.75%.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020176

245_185_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-22) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 3.00 years. ; Summary: Refinance reduces rate from 3.63% to 2.75%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020176

245_185_1435

1435

Compliance

RESPA: Servicing Disclosure Statement Not Executed

RESPA: Servicing Disclosure Statement is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-22) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 3.00 years. ; Summary: Refinance reduces rate from 3.63% to 2.75%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020176

245_185_2598

2598

Compliance

RESPA: Servicing Transfer Notice Missing

RESPA: Servicing Transfer Notice Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-22) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 3.00 years. ; Summary: Refinance reduces rate from 3.63% to 2.75%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020177

245_116_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: UW Guides require 1.66 months reserves, loan qualified with 13.56 months reserves. ; Summary: Borrower has resided in current property for 11.00 years. ; Summary: Primary borrower has 20.00 years in field. ; Summary: Refinance reduces rate from 3.13% to 2.88%.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020177

245_116_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-30) This breach finding is non-material and will be rated a B grade.

Summary: UW Guides require 1.66 months reserves, loan qualified with 13.56 months reserves. ; Summary: Borrower has resided in current property for 11.00 years. ; Summary: Primary borrower has 20.00 years in field. ; Summary: Refinance reduces rate from 3.13% to 2.88%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020478

245_71_10210

10210

Credit

Failure to obtain Title

A Copy of Title for the subject property was not provided.

(2021-05-07) Lender provided evidence of title insurance.  The documentation is deemed acceptable.  Condition is waived and cleared.

Summary: Borrower has resided in current property for 4.25 years. ; Summary: Primary borrower has 12.50 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020478

245_71_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW”

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 4.25 years. ; Summary: Primary borrower has 12.50 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020036

245_195_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application.

(2021-05-10) Lender provided VVOE.  Condition cleared. (2021-05-06) The Lender provided a VVOE dated XX/XX/XXXX, which post-dates the Note date.  The VVOE in file is dated XX/XX/XXXX, which is more than 10 business days prior to the Note date.  Finding is retained. (2021-04-25) VOE submitted was dated after consummation date.  The VOE was required to be dated no more than 10 business days prior to the Note date. Condition remains.

Summary: Borrower has resided in current property for 9.00 years. ; Summary: UW Guides require 0.44 months reserves, loan qualified with 46.73 months reserves. ; Summary: Primary borrower has 30.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020148

245_10_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 10.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Borrower has resided in current property for 3.66 years.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020391

245_196_1137

1137

Credit

Missing 4506-T

Missing 4506T for borrower(s) on loan.  Total number Borrowers is  1  Borrower: No CoBorrower: ___ Borrower 3: ___ Borrower 4: ___ 4506-T missing from file

(2021-05-05) Lender submitted 4506. Condition cleared.

Summary: Borrower has resided in current property for 17.00 years. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX. ; Summary: Primary borrower has 15.25 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020391

245_196_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Missing signed 4506 no later than the Note date as required by LP.

(2021-05-05) AUS Standards are now met and loan meets TQM standards. (2021-05-05) Lender submitted 4506.  Condition cleared.

Summary: Borrower has resided in current property for 17.00 years. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX. ; Summary: Primary borrower has 15.25 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020179

245_143_8735

8735

Credit

Missing Evidence of HOA Dues for REO2

Missing Evidence of XXX Dues for REO2 Missing evidence of XXX for B2 primary residence.

(2021-05-10) Lender provided evidence of XXX dues for REO2.  The documentation is deemed acceptable.  Condition is cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020179

245_143_8718

8718

Credit

Missing Evidence of Insurance for REO2

Missing Evidence of Insurance for property 3 on final application Missing evidence of HOI for B2 primary residence.

(2021-05-10) Lender providedevidence of HOI for REO2.  The documentation is deemed acceptable.  Condition is cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020258

245_76_10749

10749

Credit

Fraud Alert not verified - Borrower 1

The Third Party Fraud Report reflects a fraud alert. The loan file does not contain evidence the lender addressed the alert. Red Flag 1 SSN issued AT LEAST XX years or more after borrower's date of birth Credit Header history. Red Flag 2 ___ Red Flag 3 ___ Red Flag 4 ___

(2021-05-13) Lender provided an acceptable Fraud Report.  Condition is cleared.

Summary: Borrower has resided in current property for 3.25 years. ; Summary: Primary borrower has 12.17 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020258

245_76_10750

10750

Credit

Fraud Alert not verified - Borrower 2

The Third Party Fraud Report reflects a fraud alert. The loan file does not contain evidence the lender addressed the alert. Red Flag 1 SSN issued AT LEAST XX years or more after borrower's date of birth from Credit Header history. Red Flag 2 ___ Red Flag 3 ___ Red Flag 4 ___

(2021-05-13) Lender provided an acceptable Fraud Report.  Condition is cleared.

Summary: Borrower has resided in current property for 3.25 years. ; Summary: Primary borrower has 12.17 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020258

245_76_13095

13095

Credit

Missing Payoff Statement for prior loan

Missing payoff statement for prior loan.

(2021-05-07) Lender provided payoff of prior mortgage.  Condition Cleared.

Summary: Borrower has resided in current property for 3.25 years. ; Summary: Primary borrower has 12.17 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020258

245_76_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 3.25 years. ; Summary: Primary borrower has 12.17 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020439

245_117_1097

1097

Credit

Cash out amount greater than guideline maximum

Lender guidelines allow a maximum cash out of $X,XXX.XX,per the final CD the borrower received a cash out amount of $X,XXX.XX.  The lender did not include all the consumer debts paid off at closing along with the cash in hand.

(2021-05-12) Lender provided LOE to borrower and updated CD showing $X,XXX cash in hand and the remaining amount as a principal reduction. Condition cleared. (2021-05-07) Lender submitted LOX stating cash back was less than 1%.  Cash back on final CD dated XX/XX/XXXX was $X,XXX.XX, which was more than the lesser of 2% or $X,XXX per XXXX guidelines.  Condition remains.

Summary: Primary borrower has 23.00 years in field. ; Summary: Borrower has resided in current property for 6.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020439

245_117_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application.

(2021-05-07) Lender submitted VVOE for Borrower.  Condition cleared.

Summary: Primary borrower has 23.00 years in field. ; Summary: Borrower has resided in current property for 6.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020439

245_117_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). The loan is failing AUS due to missing VVOE for borrower 1.

(2021-05-13) AUS Standards are now met and loan meets TQM standards. (2021-05-13) Lender submitted VVOE for Borrower.  Condition cleared.

Summary: Primary borrower has 23.00 years in field. ; Summary: Borrower has resided in current property for 6.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020326

245_26_962

962

Credit

Missing Appraisal

Appraisal not provided.

(2021-05-07) Lender provided appraisal.  Condition cleared.

Summary: Primary borrower has 30.00 years in field. ; Summary: Borrower has resided in current property for 8.00 years. ; Summary: Refinance reduces rate from 4.25% to 3.38%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020326

245_26_932

932

Credit

Missing AUS results

Missing AUS results. The AUS in file is 2 months old.

(2021-05-07) The Lender provided AUS results.  Condition Cleared.

Summary: Primary borrower has 30.00 years in field. ; Summary: Borrower has resided in current property for 8.00 years. ; Summary: Refinance reduces rate from 4.25% to 3.38%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020326

245_26_1814

1814

Compliance

ECOA: Appraisal Missing or Incomplete

ECOA Non-Compliant: Appraisal Missing Loan file did not contain an appraisal as required by the AUS dated XX/XX/XXXX.

(2021-05-07) Appraisal Present (2021-05-07) Lender provided appraisal.  Condition cleared.

Summary: Primary borrower has 30.00 years in field. ; Summary: Borrower has resided in current property for 8.00 years. ; Summary: Refinance reduces rate from 4.25% to 3.38%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020326

245_26_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-28) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 30.00 years in field. ; Summary: Borrower has resided in current property for 8.00 years. ; Summary: Refinance reduces rate from 4.25% to 3.38%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020326

245_26_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-28) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 30.00 years in field. ; Summary: Borrower has resided in current property for 8.00 years. ; Summary: Refinance reduces rate from 4.25% to 3.38%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020326

245_26_1435

1435

Compliance

RESPA: Servicing Disclosure Statement Not Executed

RESPA: Servicing Disclosure Statement is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-28) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 30.00 years in field. ; Summary: Borrower has resided in current property for 8.00 years. ; Summary: Refinance reduces rate from 4.25% to 3.38%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020326

245_26_2598

2598

Compliance

RESPA: Servicing Transfer Notice Missing

RESPA: Servicing Transfer Notice Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-28) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 30.00 years in field. ; Summary: Borrower has resided in current property for 8.00 years. ; Summary: Refinance reduces rate from 4.25% to 3.38%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020326

245_26_15289

15289

Compliance

Taxpayer Consent Form Missing

Post XXXXXXXX XX, XXXX the required Taxpayer Consent Form is missing from the file.

(2021-05-13) The Taxpayer Consent Form is within the loan file. (2021-05-13) Lender provided signed taxpayer consent form.  Condition cleared.

Summary: Primary borrower has 30.00 years in field. ; Summary: Borrower has resided in current property for 8.00 years. ; Summary: Refinance reduces rate from 4.25% to 3.38%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020327

245_121_17118

17118

Compliance

Closing Disclosure does not match actual calculated values for Estimated Escrow |SFA 3.0

Closing Disclosure does not match actual calculated values for Estimated Escrow The amount of monthly XXX is $XX.XX, however the final closing disclosure indicates the XXX is $X.XX per month.

(2021-05-06) Revised Closing Disclosure provided matching actual calculated values for Estimated Escrow (2021-05-06) Lender submitted CD with corrected escrow information.  Condition cleared.

Summary: Borrower has 13.00 years self employed. ; Summary: Primary borrower has 44.00 years in field. ; Summary: Refinance reduces rate from 5.00% to 2.99%. ; Summary: UW Guides require 2.00 months reserves, loan qualified with 70.01 months reserves.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020181

245_6_455

455

Credit

Missing Final Application (1003)

A final application for the subject transaction was not provided

(2021-05-06) Credit application is Present (2021-05-06) Lender provided the final loan application.  The documentation is deemed acceptable.  Condition is cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020181

245_6_13095

13095

Credit

Missing Payoff Statement for prior loan

Missing payoff statement for prior loan.

(2021-05-06) Lender provided the missing payoff statement.  The documentation is deemed acceptable.  Condition is cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020181

245_6_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020181

245_6_16299

16299

Compliance

Final Closing Disclosure is missing or incomplete |SFA 3.0

Final Closing Disclosure is missing or incomplete The loan file is missing the Final Closing Disclosure with final figures. Additional conditions may apply.

(2021-05-11) Received copy of complete Final Closing Disclosure. The lender provided a signed copy of the final CD.  See the K drive folder.  Finding cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020181

245_6_1445

1445

Compliance

RESPA: IEADS Required - Missing or Incomplete

RESPA: Initial Escrow Account Disclosure Statement Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-23) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020181

245_6_2961

2961

Compliance

TILA: NORTC Missing for one or more borrowers/vested parties

TILA: Notice of Right to Cancel Missing

(2021-05-06) TILA: Notice of Right to Cancel Present (2021-05-06) Lender provided evidence of RTC.  The documentation is deemed acceptable.  Condition is cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020260

245_54_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $X,XXX.XX. ; Summary: Primary borrower has 9.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020443

245_50_1811

1811

Credit

Insufficient asset documentation in file - assets do not cover closing costs

Verified assets of $X.XX less cash to close $XXX.XX and less unverified earnest money $X.XX results in $-XXX.XX shortage of funds to close.

(2021-05-13) Lender provided CD showing lender credit for cash to close.  Condition cleared.

Summary: Refinance reduces rate from 3.50% to 2.99%. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020443

245_50_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application.

(2021-05-07) Lender submitted VVOE for borrower.  Condition cleared.

Summary: Refinance reduces rate from 3.50% to 2.99%. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020443

245_50_16965

16965

Compliance

Information required for CD 'Contact Information' License ID section not completed or completed in error |SFA 3.0

Information required for CD 'Contact Information' License ID section not completed, or completed in error . The exception status is currently Acknowledged by Client. This finding is non-material and will be rated a B grade.

(2021-05-03) This finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 3.50% to 2.99%. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020443

245_50_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Loan does not meet criteria for Temporary Qualified Mortgage due to missing verbal verification of employment dated no more than 10 business days prior to the note date. Additionally, final CD reflects Cash to Close of $XXX.XX.  No assets were verified.

(2021-05-13) AUS Standards are now met and loan meets TQM standards. (2021-05-13) Lender provided CD.  Condition cleared.

Summary: Refinance reduces rate from 3.50% to 2.99%. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020182

245_93_1454

1454

Credit

Missing Evidence of Insurance for Primary Residence

Missing Evidence of Insurance for Primary Residence

(2021-05-06) The Lender provided an active HOI binder for the borrower's primary residence.  Finding cleared.

Summary: UW Guides require 1.65 months reserves, loan qualified with 68.56 months reserves. ; Summary: Primary borrower has 10.00 years in field. ; Summary: Refinance reduces rate from 3.88% to 2.75%. ; Summary: Borrower has 9.00 years self employed. ; Summary: Borrower has resided in current property for 41.00 years.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020182

245_93_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: UW Guides require 1.65 months reserves, loan qualified with 68.56 months reserves. ; Summary: Primary borrower has 10.00 years in field. ; Summary: Refinance reduces rate from 3.88% to 2.75%. ; Summary: Borrower has 9.00 years self employed. ; Summary: Borrower has resided in current property for 41.00 years.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020534

245_39_16575

16575

Credit

HELOC Closure Letter Not Provided

The Borrower Authorization to Close Out Home Equity Line of Credit (HELOC) was not provided.

(2021-05-06) The Lender provided a signed HELOC closure letter.  Finding cleared.

Summary: Refinance reduces rate from 4.75% to 3.63%. ; Summary: Primary borrower has 14.50 years in field. ; Summary: Borrower has resided in current property for 6.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020534

245_39_11847

11847

Credit

Invalid AUS

The Lender's Guidelines/Agency Guidelines require loan data to be resubmitted to LP if the data changes from the time the AUS was last run. The most recent AUS in file reflects issues with  Subject PITI,. Lender used tax payment of $XXX.XX while audit used tax payment of $X,XXX.XX.

(2021-05-11) Lender provided LOX explaining subject loan paid off PACE loan which changed tax amount.  Condition cleared.

Summary: Refinance reduces rate from 4.75% to 3.63%. ; Summary: Primary borrower has 14.50 years in field. ; Summary: Borrower has resided in current property for 6.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020444

245_179_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 6.50 years. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX ; Summary: UW guides maximum DTI of 32.11%, loan qualified with DTI of 25.13%. ; Summary: Primary borrower has 6.75 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020444

245_179_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-22) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 6.50 years. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX. ; Summary: UW guides maximum DTI of 32.11%, loan qualified with DTI of 25.13%. ; Summary: Primary borrower has 6.75 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020038

245_48_13095

13095

Credit

Missing Payoff Statement for prior loan

Missing payoff statement for prior loan.

(2021-05-05) Lender submitted payoff.  Condition cleared.

Summary: Borrower has resided in current property for 3.75 years. ; Summary: Refinance reduces rate from 3.88% to 2.88%. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 30.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020038

245_48_16903

16903

Credit

Simultaneous Lien Note status is missing

Simultaneous Lien Note status is Missing

(2021-05-13) Subordination agreement in file. Condition cleared. (2021-05-13) Second lien Note not provided.

Summary: Borrower has resided in current property for 3.75 years. ; Summary: Refinance reduces rate from 3.88% to 2.88%. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 30.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020038

245_48_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing . The exception status is currently Acknowledged by Client. Missing Notice Regarding Furnishing of Negative Information This breach finding is non-material and will be rated a B grade.

(2021-04-28) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 3.75 years. ; Summary: Refinance reduces rate from 3.88% to 2.88%. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 30.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020537

245_102_1323

1323

Credit

Missing Evidence of Self Employment - Borrower 1 S Corporation 1

Borrower 1 is self-employed and is missing verification of self-employment on the S corporation listed in position XXX  on the application.  Documentation Requirements: Allow CPA Letter or Business License or other valid verification. CPA Letter is Not in File, Business license is Not in File, Other Verification is Not in File.  The note date is XX/XX/XXXX. The loan application indicated that the borrower was self-employed. According to the program guidelines, documentation for a self-employed borrower requires an independent confirmation of self-employment, such as a copy of the business license or a letter from an accountant verifying the length and existence of the business. The loan file contained no verification of the borrower’s S corporation, rendering the subject mortgage ineligible for delivery to the investor. Missing evidence of self-employment for B1, S-Corp 1.

(2021-05-06) The Lender provided a copy of the business license for all of the borrowers' businesses.  Finding cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020537

245_102_1320

1320

Credit

Missing Evidence of Self Employment - Borrower Partnership1

Borrower 1 is self-employed and the loan file is missing verification of self-employment on the partnership listed in position XXX on the application.  Documentation Requirements: Allow CPA Letter or Business License or other valid verification. CPA Letter is Not in File, Business license is Not in File, Other Verification is Not in File.  The note date is XX/XX/XXXX. The loan application indicated that the borrower was self-employed. According to the program guidelines, documentation for a self-employed borrower requires an independent confirmation of self-employment, such as a copy of the business license or a letter from an accountant verifying the length and existence of the business. The loan file contained no verification of the borrower’s partnership, rendering the subject mortgage ineligible for delivery to the investor. Missing evidence of self-employment for B1 Partnership 1.

(2021-05-06) The Lender provided a copy of the business license for all of the borrowers' businesses.  Finding cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020537

245_102_8133

8133

Credit

Missing Evidence of Self Employment for Partnership 1 (CoBorrower)

CoBorrower is self-employed and the loan file is missing verification of self-employment on the partnership listed in position XXX on the application. Documentation Requirements: Allow CPA Letter or Business License or other valid verification.  CPA Letter is Not in File, Business license is Not in File, Other Verification is Not in File. The note date is XX/XX/XXXX. The loan application indicated that the CoBorrower was self-employed. According to the program guidelines, documentation for a self-employed CoBorrower requires an independent confirmation of self-employment, such as a copy of the business license or a letter from an accountant verifying the length and existence of the business. The loan file contained no verification of the CoBorrower’s partnership, rendering the subject mortgage ineligible for delivery to the investor. Allow CPA Letter or Business License or other valid verification Missing evidence of self-employment for B2, Partnership 1.

(2021-05-06) The Lender provided a copy of the business license for all of the borrowers' businesses.  Finding cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020537

245_102_7853

7853

Credit

Missing Evidence of Self Employment for Partnership 2 (Borrower 1)

Borrower 1 is self-employed and the loan file is missing verification of self-employment on the partnership listed in position 2 on the application.  Documentation Requirements: Allow CPA Letter or Business License or other valid verification.   CPA Letter is Not in File, Business license is Not in File, Other Verification is Not in File.  The note date is XX/XX/XXXX. The loan application indicated that the borrower was self-employed. According to the program guidelines, documentation for a self-employed borrower requires an independent confirmation of self-employment, such as a copy of the business license or a letter from an accountant verifying the length and existence of the business. The loan file contained no verification of the borrower’s partnership, rendering the subject mortgage ineligible for delivery to the investor. Allow CPA Letter or Business License or other valid verification

(2021-05-06) The Lender provided a copy of the business license for all of the borrowers' businesses.  Finding cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020537

245_102_8193

8193

Credit

Missing Evidence of Self Employment for S Corporation 1 (CoBorrower)

CoBorrower is self-employed and is missing verification of self-employment on the S corporation listed in position XXX on the application. Documentation Requirements: Allow CPA Letter or Business License or other valid verification.  CPA Letter is Not in File, Business license is Not in File, Other Verification is Not in File. The note date is XX/XX/XXXX. The loan application indicated that the borrower was self-employed. According to the program guidelines, documentation for a self-employed borrower requires an independent confirmation of self-employment, such as a copy of the business license or a letter from an accountant verifying the length and existence of the business. The loan file contained no verification of the borrower’s S corporation, rendering the subject mortgage ineligible for delivery to the investor. Missing evidence of self-employment for B2, S-Corp 1.

(2021-05-06) The Lender provided a copy of the business license for all of the borrowers' businesses.  Finding cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020537

245_102_1397

1397

Credit

Missing YTD Profit & Loss for Partnership 1 (Borrower 1)

Borrower 1 is self-employed and the YTD Profit & Loss is either missing or not executed for the partnership listed in position XXX on the application.   Profit & Loss in File:  No Missing P&L for B1 Partnership 1

(2021-05-07) Lender provided evidence that the borrowers’ 2 Partnerships were created to manage real estate holdings.   The documentation is deemed acceptable.  Condition is waived and cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020537

245_102_8137

8137

Credit

Missing YTD Profit & Loss for Partnership 1 (CoBorrower)

CoBorrower is self-employed and the YTD Profit & Loss is either missing or not executed for the partnership listed in position XXX on the application.   Profit & Loss in File:  No Missing P&L for B2, Partnership 1.

(2021-05-07) Lender provided evidence that the borrowers’ 2 Partnerships were created to manage real estate holdings.  The documentation is deemed acceptable.  Condition is waived and cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020537

245_102_7857

7857

Credit

Missing YTD Profit & Loss for Partnership 2 (Borrower 1)

Borrower 1 is self-employed and the YTD Profit & Loss is either missing or not executed for the partnership listed in position 2 on the application.   Profit & Loss in File:  No

(2021-05-07) Lender provided evidence that the borrowers’ 2 Partnerships were created to manage real estate holdings.  The documentation is deemed acceptable.  Condition is waived and cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020155

245_52_13095

13095

Credit

Missing Payoff Statement for prior loan

Missing payoff statement for prior loan. Payoff statement for first mortgage lien was not provided.

(2021-05-06) The Lender provided a payoff statement, dated prior to the Note date, for the Borrower's prior 1st lien.  Finding cleared.

Summary: Primary borrower has 7.17 years in field. ; Summary: Borrower has 7.17 years self employed. ; Summary: Refinance reduces rate from 3.88% to 2.88%. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Borrower has resided in current property for 3.00 years.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020155

245_52_-99953

-99953

Compliance

TILA Right of Rescission Test

This loan passed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from  12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from  12 CFR §226.15(a)(3) )The funding date is not before the third business day following consummation. The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. Subject loan disbursed on XX/XX/XXXX which is the same day as the expiration of the Righ to Cancel.

(2021-05-14) Condition has been cleared.

Summary: Primary borrower has 7.17 years in field. ; Summary: Borrower has 7.17 years self employed. ; Summary: Refinance reduces rate from 3.88% to 2.88%. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Borrower has resided in current property for 3.00 years.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020329

245_140_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 13.00 years in field. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020330

245_108_10210

10210

Credit

Failure to obtain Title

A Copy of Title for the subject property was not provided.

(2021-05-07) Lender provided evidence of title insurance.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Borrower has resided in current property for 4.00 years. ; Summary: Primary borrower has 16.00 years in field. ; Summary: Borrower has 13.00 years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020330

245_108_1457

1457

Credit

Missing Executed Personal Tax Returns for Borrower

Guidelines state: At least 2 years personal returns required.  Status of Personal Tax Return: Incomplete.  Tax Transcripts in file: No.  Details: Missing XXXX Personal and Business Tax Returns.

(2021-05-13) Lender provided acceptable XXXX personal tax returns with Schedule C.  Condition is cleared.

Summary: Borrower has resided in current property for 4.00 years. ; Summary: Primary borrower has 16.00 years in field. ; Summary: Borrower has 13.00 years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020330

245_108_13095

13095

Credit

Missing Payoff Statement for prior loan

Missing payoff statement for prior loan.

(2021-05-13) Lender provided an acceptable payoff letter.  Condition is cleared.

Summary: Borrower has resided in current property for 4.00 years. ; Summary: Primary borrower has 16.00 years in field. ; Summary: Borrower has 13.00 years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020330

245_108_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 4.00 years. ; Summary: Primary borrower has 16.00 years in field. ; Summary: Borrower has 13.00 years self employed.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020330

245_108_4484

4484

Compliance

FACTA Notice to Home Loan Applicant & Risk Based Pricing/Credit Score Disclosure Missing or Incomplete

FACTA Notice to Home Loan Applicant & Risk Based Pricing/Credit Score Disclosure Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-03) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 4.00 years. ; Summary: Primary borrower has 16.00 years in field. ; Summary: Borrower has 13.00 years self employed.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020330

245_108_2952

2952

Compliance

Homeownership Counseling Organizations Disclosure Missing or Incomplete

Homeownership Counseling Organizations Disclosure Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-03) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 4.00 years. ; Summary: Primary borrower has 16.00 years in field. ; Summary: Borrower has 13.00 years self employed.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020330

245_108_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Missing XXXX Personal and Business Tax Returns.

(2021-05-13) AUS Standards are now met and loan meets TQM standards. (2021-05-13) Lender provided remaining income documents.  AUS Standards are now met.  Condition is cleared.

Summary: Borrower has resided in current property for 4.00 years. ; Summary: Primary borrower has 16.00 years in field. ; Summary: Borrower has 13.00 years self employed.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020330

245_108_1293

1293

Compliance

Privacy Notice Required - Missing or Incomplete

Privacy Notice Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-03) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 4.00 years. ; Summary: Primary borrower has 16.00 years in field. ; Summary: Borrower has 13.00 years self employed.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020330

245_108_1392

1392

Compliance

RESPA: AfBA Disclosure is Missing or Incomplete

RESPA: AfBA Disclosure is Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-03) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 4.00 years. ; Summary: Primary borrower has 16.00 years in field. ; Summary: Borrower has 13.00 years self employed.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020538

245_67_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Coborrower has 10.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020185

245_135_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-30) This breach finding is non-material and will be rated a B grade.

Summary: UW Guides require 4.70 months reserves, loan qualified with 8.44 months reserves. ; Summary: Primary borrower has 28.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020445

245_183_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application. Guidelines require a VVOE within 10 business days prior to the note date. The VVOE is missing.

(2021-05-05) Lender submitted VVOE for Borrower. Condition cleared.

Summary: Coborrower has 5.08 years in field. ; Summary: Borrower has resided in current property for 17.00 years. ; Summary: UW guides maximum DTI of 22.96%, loan qualified with DTI of 18.76%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020445

245_183_1456

1456

Credit

Missing Evidence of Insurance for REO1

Missing Evidence of Insurance for property 2 on final application

(2021-05-14) Lender provided the missing document. Condition cleared.

Summary: Coborrower has 5.08 years in field. ; Summary: Borrower has resided in current property for 17.00 years. ; Summary: UW guides maximum DTI of 22.96%, loan qualified with DTI of 18.76%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020445

245_183_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Loan does not meet criteria for Temporary Qualified Mortgage due to missing income documentation for the borrower. Borrower's income is required to be documented with DU.  The loan file contains Written Verification of Employment from previous employment.  Missing evidence of income docs for current job.

(2021-05-05) AUS Standards are now met and loan meets TQM standards. (2021-05-05) Lender submitted VVOE for Borrower and proof of insurance for REO1. Condition cleared.

Summary: Coborrower has 5.08 years in field. ; Summary: Borrower has resided in current property for 17.00 years. ; Summary: UW guides maximum DTI of 22.96%, loan qualified with DTI of 18.76%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020187

245_4_-99953

-99953

Compliance

TILA Right of Rescission Test

This loan failed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from  12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from  12 CFR §226.15(a)(3) )The funding date is before the third business day following consummation. The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. Right to Cancel provided in the loan file reflects an expiration date before giving the Borrower a full 3 days rescission. TILA 130(b) - within 60 days of discovery. Provide corrected CD, letter of explanation, proof of delivery and re-open rescission, if applicable.

(2021-05-11) Lender provided letter of explanation and re-opened rescission starting XX/XX/XXXX.  Rescission expired on XX/XX/XXXX.  This finding is rated a B grade. (2021-05-10) Lender supplied re-disclosed Notice of Right to Canel, but still missing Post CD disclosing the new disbursement date and updated prepaid interest.  Finding remains. (2021-05-06) Lender supplied re-disclosed Notice of Right to Canel, but still missing Post CD disclosing the new disbursement date and updated prepaid interest.  Finding remains.

Summary: Refinance reduces rate from 4.38% to 2.99%. ; Summary: Borrower has resided in current property for 10.50 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 30.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020263

245_58_1417

1417

Credit

Employment History Less than 2 years for Borrower

Per Appendix Q, a creditor must verify the consumer’s employment for the most recent two full years, and the consumer must explain any gaps in employment that span one or more months and Indicate if he/she was in school or the military for the recent two full years, providing evidence supporting this claim, such as college transcripts, or discharge papers.

(2021-05-11) The lender provided documentation to meet guidlines requirement.  Condition cleared. (2021-05-10) Lender provided borrower explanation for gap in employment.  Verification of employment for the most recent two years is still required.  Condition remains active.

Summary: Refinance reduces total housing payment by  $-XX.XX. ; Summary: Borrower has resided in current property for 10.58 years.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020512

245_89_1446

1446

Credit

Missing evidence of sale of other property owned (REO1)

Final Hud-1,Closing documents, or other evidence of sale from property listed in position 2 on the application evidencing liens paid was not provided. Property status is listed as Pending Sale.

(2021-05-07) Lender provided evidence that the REO was sold on XX/XX/XXXX.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Primary borrower has 15.00 years in field. ; Summary: The compensating factor 'DTI is lower than guideline maximum' is removed. From fields in template: Debt Ratio ---- 22.1 Guideline DTI ---- 22.33 DTI is lower than guideline maximum ---- Yes ; Summary: Borrower has resided in current property for 5.00 years.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020512

245_89_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 15.00 years in field. ; Summary: The compensating factor 'DTI is lower than guideline maximum' is removed. From fields in template: Debt Ratio ---- 22.1 Guideline DTI ---- 22.33 DTI is lower than guideline maximum ---- Yes ; Summary: Borrower has resided in current property for 5.00 years.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020446

245_125_16965

16965

Compliance

Information required for CD 'Contact Information' License ID section not completed or completed in error |SFA 3.0

Information required for CD 'Contact Information' License ID section not completed, or completed in error . The exception status is currently Acknowledged by Client. The contact information section is incomplete on the final CD. The Contact St license ID of the Settlement Agent is missing. This breach finding is non-material and will be rated a B grade.

(2021-05-04) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 20.00 years in field. ; Summary: UW Guides require 2.00 months reserves, loan qualified with 600.43 months reserves.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020447

245_84_1555

1555

Credit

Assets are not sourced/seasoned

There is at least one account on the final application that has no source.  Liquid assets with no source/seasoning: 2.00 Retirement assets with no source/seasoning: 0.00 Purchase Deposits with no source: 0.00 Details: The statement for account $XX,XXX.XX on XX/XX/XXXX and a deposit of $XXX,XXX.XX on XX/XX/XXXX.  There is no evidence in the file documenting the source of the deposits.

(2021-05-07) Lender provided evidence of the source of large deposits using the settlement statement from the sale of borrower's exit property. The documentation is deemed acceptable.  Condition is cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020447

245_84_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Loan does not meet Temporary Qualified Mortgage (TQM) due to missing documentation evidencing the source of 2 large deposits to account #3 on the final application.

(2021-05-07) AUS Standards are now met and loan meets TQM standards.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020514

245_22_1175

1175

Credit

Credit score does not meet guidelines

Credit score of 0 is less than  765, the minimum credit score required per lender guidelines Legible credit report missing from the loan file.

(2021-05-06) Lender provided credit report.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Refinance reduces rate from 4.38% to 3.25%. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020514

245_22_1095

1095

Credit

Insufficient Title Coverage

Title Coverage is $XXX,XXX.XX and the Loan Amount is $XXX,XXX.XX

(2021-05-07) The lender provided evidence of sufficient title insurance.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Refinance reduces rate from 4.38% to 3.25%. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020514

245_22_11847

11847

Credit

Invalid AUS

The Lender's Guidelines/Agency Guidelines require loan data to be resubmitted to LP if the data changes from the time the AUS was last run. The most recent AUS in file reflects issues with  FICO,. Legible credit report was missing from the loan file

(2021-05-06) Lender provided the credit report which cleared this condition.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Refinance reduces rate from 4.38% to 3.25%. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020514

245_22_959

959

Credit

Missing Credit Report - Borrower

A credit report for the borrower was not provided.

(2021-05-06) Lender provided credit report.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Refinance reduces rate from 4.38% to 3.25%. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020514

245_22_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 4.38% to 3.25%. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020450

245_17_17344

17344

Credit

Missing Paystubs (Borrower 1)

Borrower 1 is missing valid Paystubs or other written verification of employment for the job listed in position  1 on the application

(2021-04-26) Lender provided a paystub, condition cleared.

Summary: Borrower has resided in current property for 9.00 years. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX. ; Summary: Primary borrower has 18.00 years in field. ; Summary: Refinance reduces rate from 3.25% to 3.13%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020450

245_17_15232

15232

Credit

Missing W-2 Job 1 (Borrower)

Lender's guidelines require 2 years' W-2.  Two years' W-2 not provided for Borrower's job listed in position 1 on the application.  Number of W-2s in file is  0

(2021-04-26) Lender provided W2s.  Condition cleared.

Summary: Borrower has resided in current property for 9.00 years. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX. ; Summary: Primary borrower has 18.00 years in field. ; Summary: Refinance reduces rate from 3.25% to 3.13%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020450

245_17_15852

15852

Credit

Missing Written Verification of Employment - Bonus,OT, Commission 1(Borrower)

Written Verification of employment is missing for Borrower 1 for bonus, overtime, or commission income used to qualify.  This income is for the job listed in position 1 on the application.

(2021-04-26) WVOE verifying bonus pay was provided.  Condition cleared.

Summary: Borrower has resided in current property for 9.00 years. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX ; Summary: Primary borrower has 18.00 years in field. ; Summary: Refinance reduces rate from 3.25% to 3.13%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020450

245_17_17470

17470

Compliance

ECOA: Delivery of Appraisal/Valuation to Applicant Not Timely

ECOA: Delivery of Appraisal/Valuation to Applicant Not Timely . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-22) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 9.00 years. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX. ; Summary: Primary borrower has 18.00 years in field. ; Summary: Refinance reduces rate from 3.25% to 3.13%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020450

245_17_2598

2598

Compliance

RESPA: Servicing Transfer Notice Missing

RESPA: Servicing Transfer Notice Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-22) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 9.00 years. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX ; Summary: Primary borrower has 18.00 years in field. ; Summary: Refinance reduces rate from 3.25% to 3.13%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020450

245_17_-99953

-99953

Compliance

TILA Right of Rescission Test

This loan passed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from  12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from  12 CFR §226.15(a)(3) )The funding date is not before the third business day following consummation. The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last.

(2021-04-26) Lender provided final Settlement Statement reflecting disbursement date of XX/XX/XXXX.  Borrower was provided 3 day rescission period.  Condition cleared.

Summary: Borrower has resided in current property for 9.00 years. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX. ; Summary: Primary borrower has 18.00 years in field. ; Summary: Refinance reduces rate from 3.25% to 3.13%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020200

245_126_16575

16575

Credit

HELOC Closure Letter Not Provided

The Borrower Authorization to Close Out Home Equity Line of Credit (HELOC) was not provided. The exception status is currently Active. Executed Home Equity Line of Credit (HELOC) closure letter reflecting HELOC was frozen and closed not provided in the file.

(2021-05-12) Lender provided a signed payoff and closure letter combined. Condition cleared. (2021-05-11) The Lender provided a recorded Full Reconveyance letter for the borrower's paid off HELOC.  Although a HELOC close line letter was not provided, the recorded Reconveyance indicates that HELOC has been paid off and released from title.  Finding cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020200

245_126_13095

13095

Credit

Missing Payoff Statement for prior loan

Missing payoff statement for prior loan. Payoff statement for first mortgage lien not provided

(2021-05-06) Lender provided the payoff letter.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020338

245_165_16299

16299

Compliance

Final Closing Disclosure is missing or incomplete |SFA 3.0

Final Closing Disclosure is missing or incomplete

(2021-05-11) Received copy of complete Final Closing Disclosure.  Lender provided a complete Final Closing Disclosure.  Condition Cleared. (2021-05-11)  Lender provided a complete Final Closing Disclosure.  Condition Cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 21.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020340

245_98_1454

1454

Credit

Missing Evidence of Insurance for Primary Residence

Missing Evidence of Insurance for Primary Residence The exception status is currently Active. Lender provided hazard insurance for subject property.  Condition cleared.

(2021-05-06) Lender provided hazard insurance for subject property.  Condition cleared.

Summary: Primary borrower has 40.25 years in field. ; Summary: UW guides maximum DTI of 22.00%, loan qualified with DTI of 18.01%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020340

245_98_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 40.25 years in field. ; Summary: UW guides maximum DTI of 22.00%, loan qualified with DTI of 18.01%.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020340

245_98_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-30) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 40.25 years in field. ; Summary: UW guides maximum DTI of 22.00%, loan qualified with DTI of 18.01%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020340

245_98_16965

16965

Compliance

Information required for CD 'Contact Information' License ID section not completed or completed in error |SFA 3.0

Information required for CD 'Contact Information' License ID section not completed, or completed in error . The exception status is currently Acknowledged by Client. The final Closing Disclosure dated XX/XX/XXXX Contact Information section is incomplete.  The State/Contact St license ID of the  Settlement Agent  is missing. This breach finding is non-material and will be rated a B grade.

(2021-04-30) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 40.25 years in field. ; Summary: UW guides maximum DTI of 22.00%, loan qualified with DTI of 18.01%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020049

245_186_17454

17454

Compliance

RESPA: AfBA Disclosure from Broker is Missing or Incomplete

RESPA: AfBA Disclosure from Broker is Missing This breach finding is non-material and will be rated a B grade. The exception status is currently Acknowledged by Client.

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 28.00 years in field. ; Summary: Refinance reduces rate from 4.63% to 3.88%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020455

245_73_17454

17454

Compliance

RESPA: AfBA Disclosure from Broker is Missing or Incomplete

RESPA: AfBA Disclosure from Broker is Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-28) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: UW Guides require 9.08 months reserves, loan qualified with 34.74 months reserves. ; Summary: Primary borrower has 13.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020455

245_73_1392

1392

Compliance

RESPA: AfBA Disclosure is Missing or Incomplete

RESPA: AfBA Disclosure is Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-28) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: UW Guides require 9.08 months reserves, loan qualified with 34.74 months reserves. ; Summary: Primary borrower has 13.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020202

245_104_17454

17454

Compliance

RESPA: AfBA Disclosure from Broker is Missing or Incomplete

RESPA: AfBA Disclosure from Broker is Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-01) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 15.00 years in field. ; Summary: Borrower has resided in current property for 4.00 years. ; Summary: Refinance reduces total housing payment by  $-XXXX.XX. ; Summary: CLTV is considerably lower than the guideline maximum.  Calculated CLTV is: 73.08 and the guideline is: 87.00. ; Summary: Refinance reduces rate from 3.75% to 2.88%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020202

245_104_1392

1392

Compliance

RESPA: AfBA Disclosure is Missing or Incomplete

RESPA: AfBA Disclosure is Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-01) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 15.00 years in field. ; Summary: Borrower has resided in current property for 4.00 years. ; Summary: Refinance reduces total housing payment by  $-XXXX.XX. ; Summary: CLTV is considerably lower than the guideline maximum.  Calculated CLTV is: 73.08 and the guideline is: 87.00. ; Summary: Refinance reduces rate from 3.75% to 2.88%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020521

245_112_1466

1466

Credit

Missing Evidence of HOA Dues for Primary Residence

Missing Evidence of XXX Dues for Primary Residence

(2021-05-10) Lender provided evidence the primary residence is not part of an XXX.  The documentation is deemed acceptable.  Condition is cleared. (2021-05-06) Lender provided evidence of XXX fee for the subject property in XXXXXXXXX XX.  The file is missing evidence of XXX fee for the primary residence in XXX XXXXXXX, XX.  Condition is not cleared.

Summary: Primary borrower has 35.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020521

245_112_1454

1454

Credit

Missing Evidence of Insurance for Primary Residence

Missing Evidence of Insurance for Primary Residence

(2021-05-10) Lender provided evidence of HOI expense on the primary residence.  The documentation is deemed acceptable.  Condition is cleared. (2021-05-06) Lender provided evidence of insurance for the subject property in XXXXXXXX, XX.  The file is missing evidence of insurance for the primary residence in XXX XXXXXXX, XX.  Condition is not cleared.

Summary: Primary borrower has 35.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020521

245_112_17454

17454

Compliance

RESPA: AfBA Disclosure from Broker is Missing or Incomplete

RESPA: AfBA Disclosure from Broker is Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-26) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 35.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020521

245_112_1392

1392

Compliance

RESPA: AfBA Disclosure is Missing or Incomplete

RESPA: AfBA Disclosure is Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-26) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 35.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020342

245_192_1456

1456

Credit

Missing Evidence of Insurance for REO1

Missing Evidence of Insurance for property 1 on final application

(2021-05-05) Lender submitted insurance for REO1. Condition cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020342

245_192_1392

1392

Compliance

RESPA: AfBA Disclosure is Missing or Incomplete

RESPA: AfBA Disclosure is Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-23) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020053

245_137_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 3.63% to 2.75%.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020193

245_99_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX ; Summary: Primary borrower has 10.00 years in field. ; Summary: Refinance reduces rate from 3.50% to 2.99%.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020193

245_99_1392

1392

Compliance

RESPA: AfBA Disclosure is Missing or Incomplete

RESPA: AfBA Disclosure is Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-05-03) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX ; Summary: Primary borrower has 10.00 years in field. ; Summary: Refinance reduces rate from 3.50% to 2.99%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020523

245_172_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 17.00 years. ; Summary: Primary borrower has 25.00 years in field. ; Summary: Borrower has 8.00 years self employed. ; Summary: Refinance reduces total housing payment by  $-XXX.XX

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020523

245_172_1435

1435

Compliance

RESPA: Servicing Disclosure Statement Not Executed

RESPA: Servicing Disclosure Statement is not executed . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-27) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 17.00 years. ; Summary: Primary borrower has 25.00 years in field. ; Summary: Borrower has 8.00 years self employed. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020272

245_12_16652

16652

Compliance

Massachusetts (MA) Tangible Net Benefit Test - Lender's determined Tangible Net Benefit documentation/ worksheet is missing

XXXXXXXXXXX Tangible Net Benefit Test - Lender's determined Tangible Net Benefit documentation/ worksheet is missing

(2021-05-11) XX Borrower's Interest Worksheet was found int he loan file.  Condition rescinded.

Summary: Borrower has resided in current property for 6.91 years. ; Summary: Primary borrower has 15.00 years in field. ; Summary: Refinance reduces rate from 3.88% to 2.75%.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020526

245_118_16965

16965

Compliance

Information required for CD 'Contact Information' License ID section not completed or completed in error |SFA 3.0

Information required for CD 'Contact Information' License ID section not completed, or completed in error . The exception status is currently Acknowledged by Client. The final Closing Disclosure dated XX/XX/XXXX Contact Information section is incomplete. The Contact St license ID of the Settlement Agent is missing. Provide re-disclosed CD and letter of explanation. This finding is non-material and will be rated a B grade.

(2021-05-03) This finding is non-material and will be rated a B grade.

Summary: Primary borrower has 21.00 years in field. ; Summary: Refinance reduces rate from 5.25% to 2.88%. ; Summary: Borrower has 20.00 years self employed.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020526

245_118_17454

17454

Compliance

RESPA: AfBA Disclosure from Broker is Missing or Incomplete

RESPA: AfBA Disclosure from Broker is Missing . The exception status is currently Acknowledged by Client. This finding is non-material and will be rated a B grade.

(2021-05-03) This finding is non-material and will be rated a B grade.

Summary: Primary borrower has 21.00 years in field. ; Summary: Refinance reduces rate from 5.25% to 2.88%. ; Summary: Borrower has 20.00 years self employed.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020526

245_118_1392

1392

Compliance

RESPA: AfBA Disclosure is Missing or Incomplete

RESPA: AfBA Disclosure is Missing . The exception status is currently Acknowledged by Client. This finding is non-material and will be rated a B grade.

(2021-05-03) This finding is non-material and will be rated a B grade.

Summary: Primary borrower has 21.00 years in field. ; Summary: Refinance reduces rate from 5.25% to 2.88%. ; Summary: Borrower has 20.00 years self employed.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020195

245_184_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: UW guides maximum DTI of 30.00%, loan qualified with DTI of 28.15%. ; Summary: Refinance reduces rate from 3.63% to 2.88%.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020195

245_184_1392

1392

Compliance

RESPA: AfBA Disclosure is Missing or Incomplete

RESPA: AfBA Disclosure is Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-27) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: UW guides maximum DTI of 30.00%, loan qualified with DTI of 28.15%. ; Summary: Refinance reduces rate from 3.63% to 2.88%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020549

245_78_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 16.00 years in field. ; Summary: Refinance reduces rate from 4.00% to 3.13%. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020549

245_78_-99953

-99953

Compliance

TILA Right of Rescission Test

This loan passed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from  12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from  12 CFR §226.15(a)(3) )The funding date is not before the third business day following consummation. The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. Right to Cancel provided in the loan file reflects a transaction date of XX/XX/XXXX with an expiration date of XX/XX/XXXX.  The loan disbursed either on XX/XX/XXXX not giving the Borrower a full 3 days rescission or XX/XX/XXXX.  File contains CD dated XX/XX/XXXX and Post Closing CD dated XX/XX/XXXX with disbursement date of XX/XX/XXXX. In addition, a 2nd Post Closing CD dated XX/XX/XXXX with a disbursement date of XX/XX/XXXX. File missing documentation supporting disbursement date of XX/XX/XXXX. TILA 130(b) - within 60 days of discovery. Provide corrected CD, letter of explanation, proof of delivery and re-open rescission, if applicable.

(2021-05-05) The Lender provided the Post Closing Disclosure reflecting the loan disbursement date changed to meet 3 day rule of RTC. Condition Cleared.

Summary: Primary borrower has 16.00 years in field. ; Summary: Refinance reduces rate from 4.00% to 3.13%. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020549

245_78_-96378

-96378

Compliance

TRID Post-Consummation Reason for Redisclosure Validation Test

This loan failed the TRID post-consummation reason for redisclosure validation test.This loan contains a post-consummation revised closing disclosure delivery date but does not provide the reason for the redisclosure after consummation. The reason is required in order to audit post-consummation redisclosure timing tests.

(2021-05-14) Lender provided the missing document. Condition cleared

Summary: Primary borrower has 16.00 years in field. ; Summary: Refinance reduces rate from 4.00% to 3.13%. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020547

245_56_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application.

(2021-05-06) Lender provided a VVOE for B1 dated within 4 days of settlement.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Borrower has resided in current property for 19.00 years. ; Summary: Primary borrower has 25.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020547

245_56_13095

13095

Credit

Missing Payoff Statement for prior loan

Missing payoff statement for prior loan.

(2021-05-06) Lender provided the XXX payoff letter.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Borrower has resided in current property for 19.00 years. ; Summary: Primary borrower has 25.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020547

245_56_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 19.00 years. ; Summary: Primary borrower has 25.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020547

245_56_17454

17454

Compliance

RESPA: AfBA Disclosure from Broker is Missing or Incomplete

RESPA: AfBA Disclosure from Broker is Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-26) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 19.00 years. ; Summary: Primary borrower has 25.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXX.XX

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020547

245_56_1392

1392

Compliance

RESPA: AfBA Disclosure is Missing or Incomplete

RESPA: AfBA Disclosure is Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-26) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 19.00 years. ; Summary: Primary borrower has 25.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXX.XX.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020209

245_68_1392

1392

Compliance

RESPA: AfBA Disclosure is Missing or Incomplete

RESPA: AfBA Disclosure is Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-27) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 23.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020503

245_27_15296

15296

Credit

Missing 3rd Party Verbal Verification of Employment 1 (CoBorrower)

MIssing 3rd Party Verbal Verification of Employment for CoBorrower's job in position 1 on the application.

(2021-05-04) Lender submitted VVOE for co-borrower 10 days prior to close.  Condition cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020503

245_27_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020503

245_27_-96366

-96366

Compliance

Charges That Cannot Increase Test

This loan passed the charges that cannot increase test.  (12 CFR §1026.19(e)(3)(i))The loan contains charges that do not exceed the good faith determination according to §1026.19(e)(3)(i).Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). The LE dated XX/XX/XXXX reflects Title-Settlement/closing fee of $X,XXX with no resulting CoC for any subsequent disclosures. The CD dated XX/XX/XXXX reflects a Title-Settlement/closing fee of $X,XXX.XX resulting in a $XXX.XX refund due for cure.  Provide corrected CD, evidence of Refund to the Borrower, letter of explanation and proof of delivery to the Borrower.

(2021-05-10) The Lender provided a PCCD dated XX/XX/XXXX with tolerance cure of $XXX.XX  A corrected CD, evidence of Refund to the Borrower, letter of explanation and proof of delivery to the Borrower have been provided.  The finding is cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020503

245_27_16965

16965

Compliance

Information required for CD 'Contact Information' License ID section not completed or completed in error |SFA 3.0

Information required for CD 'Contact Information' License ID section not completed, or completed in error . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-26) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020503

245_27_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Missing 3rd Party Verbal Verification of Employment for Co-Borrower's job in position 1 on the application.

(2021-05-04) AUS Standards are now met and loan meets TQM standards. (2021-05-04) Lender provided a co-borrower VOE that meets TQM standards.  Documentation submitted is deemed acceptable, condition cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020503

245_27_-96362

-96362

Compliance

Reimbursement Amount Test

This loan passed the reimbursement amount test.  (12 CFR §1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances. However, the provided reimbursement amount of $XXX.XX, is sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $0.00.Refunds related to the good faith analysis. If amounts paid by the consumer exceed the amounts specified under §1026.19(e)(3)(i) or (ii), the creditor complies with §1026.19(e)(1)(i) if the creditor refunds the excess to the consumer no later than 60 days after consummation, and the creditor complies with §1026.19(f)(1)(i) if the creditor delivers or places in the mail corrected disclosures that reflect such refund no later than 60 days after consummation. The LE dated XX/XX/XXXX reflects Title-Settlement/closing fee of $X,XXX with no resulting CoC for any subsequent disclosures. The CD dated XX/XX/XXXX reflects a Title-Settlement/closing fee of $X,XXX.XX resulting in a $XXX.XX refund due for cure.  Provide corrected CD, evidence of Refund to the Borrower, letter of explanation and proof of delivery to the Borrower.

(2021-05-10) The Lender provided a PCCD dated XX/XX/XXXX with tolerance cure of $XXX.XX.  A corrected CD, evidence of Refund to the Borrower, letter of explanation and proof of delivery to the Borrower have been provided.  The finding is cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020503

245_27_1392

1392

Compliance

RESPA: AfBA Disclosure is Missing or Incomplete

RESPA: AfBA Disclosure is Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-26) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020348

245_148_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 3.50% to 2.99%. ; Summary: Borrower has resided in current property for 7.00 years. ; Summary: Primary borrower has 15.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020348

245_148_-99953

-99953

Compliance

TILA Right of Rescission Test

This loan passed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from  12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from  12 CFR §226.15(a)(3) )The funding date is not before the third business day following consummation. The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. Right to Cancel provided in the loan file reflects a transaction date of XX/XX/XXXX with an expiration date of XX/XX/XXXX.  The loan disbursed on XX/XX/XXXX not giving the Borrower a full 3 days rescission.  TILA 130(b) - within 60 days of discovery. Provide corrected CD, letter of explanation, proof of delivery and re-open rescission, if applicable.

(2021-05-05) The Lender provided the Post Closing Disclosure reflecting the loan disbursement date changed to meet 3 day rule of RTC. Condition Cleared

Summary: Refinance reduces rate from 3.50% to 2.99%. ; Summary: Borrower has resided in current property for 7.00 years. ; Summary: Primary borrower has 15.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020280

245_1_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 33.00 years. ; Summary: Refinance reduces rate from 4.38% to 3.13%. ; Summary: Refinance reduces total housing payment by  $-X,XXX.XX.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020282

245_176_13095

13095

Credit

Missing Payoff Statement for prior loan

Missing payoff statement for prior loan.

(2021-05-05) Lender provided a payoff letter from XXXXXXXXX XXXXXXX.  This document has been deemed acceptable and the condition cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020552

245_155_11847

11847

Credit

Invalid AUS

The Lender's Guidelines/Agency Guidelines require loan data to be resubmitted to DU if the data changes from the time the AUS was last run. The most recent AUS in file reflects issues with  Subject PITI,. AUS reflects monthly property taxes of $XXX.XX, however tax certificate in file indicates monthly property taxes of $XXX.XX.

(2021-05-06) Lender provided a valid AUS.  The documentation is deemed acceptable.  Condition is cleared.

Summary: UW Guides require 3.50 months reserves, loan qualified with 34.97 months reserves. ; Summary: Primary borrower has 13.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020552

245_155_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application.

(2021-05-06) The lender provided a third-party VVOE for the borrower. The documentation is deemed acceptable.  Condition is cleared.

Summary: UW Guides require 3.50 months reserves, loan qualified with 34.97 months reserves. ; Summary: Primary borrower has 13.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020552

245_155_1457

1457

Credit

Missing Executed Personal Tax Returns for Borrower

Guidelines state: At least 2 years personal returns required.  Status of Personal Tax Return: Not Executed.  Tax Transcripts in file: No.  Details: not signed The tax returns in file are not signed

(2021-05-06) Lender provided executed tax returns.  The documentation is deemed acceptable.  Condition is cleared.

Summary: UW Guides require 3.50 months reserves, loan qualified with 34.97 months reserves. ; Summary: Primary borrower has 13.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020552

245_155_7741

7741

Credit

Missing Executed Personal Tax Returns for Coborrower

Guidelines state: At least 2 years personal returns required.  Personal Tax Return in File: Not Executed.  Tax Transcripts - income supported: No. Details: not signed

(2021-05-06) Lender provided executed tax returns.  The documentation is deemed acceptable.  Condition is cleared.

Summary: UW Guides require 3.50 months reserves, loan qualified with 34.97 months reserves. ; Summary: Primary borrower has 13.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020552

245_155_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: UW Guides require 3.50 months reserves, loan qualified with 34.97 months reserves. ; Summary: Primary borrower has 13.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020552

245_155_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). AUS reflects monthly property taxes of $XXX.XX, however tax certificate in file indicates monthly property taxes of $XXX.XX.  Additionally, missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application and executed Personal tax returns for both borrowers.

(2021-05-06) AUS Standards are now met and loan meets TQM standards. (2021-05-06) Lender provided a valid AUS.  The documentation is deemed acceptable.  Condition is cleared.

Summary: UW Guides require 3.50 months reserves, loan qualified with 34.97 months reserves. ; Summary: Primary borrower has 13.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020552

245_155_17454

17454

Compliance

RESPA: AfBA Disclosure from Broker is Missing or Incomplete

RESPA: AfBA Disclosure from Broker is Missing . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a B grade.

(2021-04-28) This breach finding is non-material and will be rated a B grade.

Summary: UW Guides require 3.50 months reserves, loan qualified with 34.97 months reserves. ; Summary: Primary borrower has 13.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020552

245_155_1392

1392

Compliance

RESPA: AfBA Disclosure is Missing or Incomplete

RESPA: AfBA Disclosure is Missing . The exception status is currently Acknowledged by Client. The Lender Affiliated Business disclosure was not provided in file. This breach finding is non-material and will be rated a B grade.

(2021-04-28) This breach finding is non-material and will be rated a B grade.

Summary: UW Guides require 3.50 months reserves, loan qualified with 34.97 months reserves. ; Summary: Primary borrower has 13.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020065

239_214_5831

5831

Property

Property in Disaster Area – Property located in a FEMA declared disaster area. Inspection post incident date was not provided

The exception 'Property in Disaster Area – Property located in a XXXX declared disaster area. Inspection post incident date was not provided' is cleared. From fields in template: XXXX Valuation Date ---- XX/XX/XXXX XX:XX:XX XX State ---- XX County ---- XXXXXXXX XX XXXXXXXX Date of Inspection ---- (Blank) Is most recent incident more than 24 months prior to review? ---- (Blank) Inspection provided after most recent incident begin date ---- (Blank)

(2021-05-14) AVM obtained within 10% variance of value provided on AUS. Condition cleared.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 7.00 years in field. ; Summary: Refinance reduces rate from 4.25% to 2.50%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020065

239_214_1121

1121

Credit

FEMA: Property is in recent hazard area

The following disasters were found: -XXXX XXXXXXXXXXXX XXXXXXXXXXXX from X/XX/XXXX X:XX:XX XX to X/XX/XXXX X:XX:XX XX

(2021-05-14) Condition cleared.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 7.00 years in field. ; Summary: Refinance reduces rate from 4.25% to 2.50%.

Cleared

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020065

239_214_15997

15997

Credit

Required Documentation is Missing

The loan file is missing lender explanation on why XXXXXXXX payoff amount on CD is less than payoff statement balance.

(2021-05-06) The Lender provided an updated credit report dated XX/XX/XXXX, which reflects a $0 balance for the XXXXXXXXX account.  Account was paid in full.  Finding cleared. (2021-04-25) (Revised current balance) Audit reviewed the LOX provided by the lender, and has determined that the XXXX Statement, dated XX/XX/XXXX, reflected the most accurate balance.  Whereas, the Credit Report, dated XX/XX/XXXX, reflected the prior balance. The balance to be paid at closing should have been based on the most current balance available which was reflected on the XXXX Statement for $XX,XXX.XX. Condition remains. (2021-04-25) Audit reviewed the LOX provided by the lender, and has determined that the XXXX Statement, dated XX/XX/XXXX, reflected the most accurate balance.  Whereas, the Credit Report, dated XX/XX/XXXX, reflected the prior balance. The balance to be paid at closing should have been based on the most current balance available which was reflected on the XXXX Statement for $XX,XXX.XX. Condition remains.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 7.00 years in field. ; Summary: Refinance reduces rate from 4.25% to 2.50%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020065

239_214_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 7.00 years in field. ; Summary: Refinance reduces rate from 4.25% to 2.50%.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020065

239_214_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing

(2021-04-19) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 7.00 years in field. ; Summary: Refinance reduces rate from 4.25% to 2.50%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020065

239_214_1293

1293

Compliance

Privacy Notice Required - Missing or Incomplete

Privacy Notice Missing

(2021-04-19) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 7.00 years in field. ; Summary: Refinance reduces rate from 4.25% to 2.50%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020065

239_214_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed

(2021-04-19) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 5.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 7.00 years in field. ; Summary: Refinance reduces rate from 4.25% to 2.50%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020070

239_227_1555

1555

Credit

Assets are not sourced/seasoned

There is at least one account on the final application that has no source.  Liquid assets with no source/seasoning: 1.00 Retirement assets with no source/seasoning: 0.00 Purchase Deposits with no source: 0.00 Details: ___

(2021-04-25) Condition auto generated incorrectly. Condition rescinded.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.75% to 2.63%.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020070

239_227_1811

1811

Credit

Insufficient asset documentation in file - assets do not cover closing costs

Verified assets of $X.XX less cash to close $XXXX.XX and less unverified earnest money $X.XX results in $-XXXX.XX shortage of funds to close.

(2021-04-25) Lender provided two months of bank statements which verified sufficient funds to closing. Documentation submitted is deemed acceptable. Condition cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.75% to 2.63%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020070

239_227_16463

16463

Credit

Missing Secondary Valuation

A valid secondary valuation supporting the origination appraisal value is not present, CU Score is Missing, CDA Not Required, AVM not required, Field Review not required

(2021-05-14) Condition is not applicable and has been rescinded.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.75% to 2.63%.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020070

239_227_12448

12448

Credit

Missing UCDP Submission Summary Report

UCDP Submission Summary Report is not in file

(2021-05-14) Condition is not applicable and has been rescinded.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.75% to 2.63%.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020070

239_227_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-14) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX ; Summary: Refinance reduces rate from 3.75% to 2.63%.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020070

239_227_-96366

-96366

Compliance

Charges That Cannot Increase Test

This loan passed the charges that cannot increase test.  (12 CFR §1026.19(e)(3)(i))The loan contains charges that do not exceed the good faith determination according to §1026.19(e)(3)(i).Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). The LE dated XX/XX/XXXX reflects Transfer Taxes of $0 with no resulting COC for subsequent disclosures. The Post CD dated XX/XX/XXXX reflects taxes in Section E of $XX.XX resulting in a variance of ($XX.XX).  Provide corrected CD, evidence of Refund to the Borrower, letter of explanation and proof of delivery to the Borrower.

(2021-04-30) Lender provided sufficient tolerance cure of $XX.XX for the addition of the XXXX XXX/XXXXXX XXX/XXXXXX.  This material is non-material and will be rated a B grade. (2021-04-13) The LE dated XX/XX/XXXX reflects Transfer Taxes of $X.XX with no resulting COC for subsequent disclosures. The Post CD dated XX/XX/XXXX reflects taxes in Section E of $XX.XX resulting in a variance of ($XX.XX).  Provide corrected CD, evidence of Refund to the Borrower, letter of explanation and proof of delivery to the Borrower.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.75% to 2.63%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020070

239_227_-96369

-96369

Compliance

Reimbursement Amount Validation Test

This loan failed the reimbursement amount validation test.The loan failed one or more tolerance tests and did not provide a reimbursement amount. This information is necessary in order to correctly perform reimbursement calculations.

(2021-05-14) Condition has been cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.75% to 2.63%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020070

239_227_-96361

-96361

Compliance

Reimbursement Date Test

This loan passed the reimbursement date test.  (12 CFR §1026.19(f)(2)(v))The reimbursement date is not more than 60 calendar days after the consummation date, or closing / settlement date if no consummation date was provided.Refunds related to the good faith analysis. If amounts paid by the consumer exceed the amounts specified under §1026.19(e)(3)(i) or (ii), the creditor complies with §1026.19(e)(1)(i) if the creditor refunds the excess to the consumer no later than 60 days after consummation.

(2021-04-30) Tolerance cure provided within 60 days of discovery, as allowed per SFA 3.0.  This finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.75% to 2.63%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020095

239_208_455

455

Credit

Missing Final Application (1003)

A final application for the subject transaction was not provided

(2021-04-25) Credit application is Present (2021-04-25) Lender provided the signed/dated Final 1003 for both borrowers, and documentation submitted is deemed acceptable. Condition cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020095

239_208_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020095

239_208_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing

(2021-04-20) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020095

239_208_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed

(2021-04-20) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020095

239_208_1445

1445

Compliance

RESPA: IEADS Required - Missing or Incomplete

RESPA: Initial Escrow Account Disclosure Statement Missing

(2021-04-20) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020095

239_208_2961

2961

Compliance

TILA: NORTC Missing for one or more borrowers/vested parties

TILA: Notice of Right to Cancel Missing

(2021-04-25) TILA: Notice of Right to Cancel Present (2021-04-25) Lender provided the signed/dated Notice of Right to Cancel for both borrowers, and documentation submitted is deemed acceptable. Condition cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020424

239_224_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 3.38% to 2.63%. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 15.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020009

239_228_16923

16923

Credit

Hazard Insurance Shortfall

The hazard insurance policy in file reflected dwelling coverage of $XXX,XXX.XX.  The loan amount is $XXX,XXX.XX which leaves a shortage of hazard insurance coverage for  $XXX,XXX.XX.

(2021-04-22) Reconstruction Cost Estimate was provided.  Hazard insurance policy has sufficient coverage per cost estimate.  Condition cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX ; Summary: Primary borrower has 25.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020009

239_228_11312

11312

Credit

DTI Exceeds Guidelines

Guidelines reflect a DTI of 33.48%. Due to a miscalculation of debts to income, the actual DTI is 40.27%. Income  used includes total borrower income $XXX,XXX.XX plus subject property positive rental income $X.XX plus other REO positive rental income $X.XX. Total debt amount used is $X,XXX.XX. The DTI exceeds AUS tolerance due to lender not including REO#1 in debt calculations.

(2021-05-07) The Lender provided an updated AUS report dated XX/XX/XXXX with a DTI of 40% and a grade of Accept/Eligible.  Finding cleared. (2021-04-21) Lender provided revised 1008 and AUS reflecting higher DTI of 33.97%.  However, lender only included the P&I payment for REO2, not the full PITIA.  DTI with the full PITIA is 40.27%.  Condition remains. (2021-04-14) The DTI exceeds AUS tolerance due to lender not including REO#1 in debt calculations.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 25.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020009

239_228_11847

11847

Credit

Invalid AUS

The Lender's Guidelines/Agency Guidelines require loan data to be resubmitted to LP if the data changes from the time the AUS was last run. The most recent AUS in file reflects issues with DTI, Other Debt,.

(2021-05-06) The Lender provided an updated AUS report dated XX/XX/XXXX with a DTI of 40% and a grade of Accept/Eligible.  Finding cleared. (2021-04-21) Lender provided revised 1008 and AUS reflecting higher DTI of 33.97%.  However, lender only included the P&I payment for REO2, not the full PITIA.  DTI with the full PITIA is 40.27%.  Condition remains.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 25.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020009

239_228_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application.

(2021-04-21) VVOE was provided.  Condition cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 25.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020009

239_228_16463

16463

Credit

Missing Secondary Valuation

A valid secondary valuation supporting the origination appraisal value is not present, CU Score not used for secondary valuation, CDA Not Required, AVM not required, Field Review not required

(2021-04-15) Secondary valuation not needed. Condition cleared

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 25.00 years in field.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020009

239_228_12448

12448

Credit

Missing UCDP Submission Summary Report

UCDP Submission Summary Report is not in file

(2021-05-14) Condition is not applicable and has been rescinded.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 25.00 years in field.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020009

239_228_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-14) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 25.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020009

239_228_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing

(2021-04-15) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 25.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020009

239_228_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS).

(2021-05-06) AUS Standards are now met and loan meets TQM standards.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 25.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020009

239_228_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed

(2021-04-15) This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 25.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020430

239_204_1456

1456

Credit

Missing Evidence of Insurance for REO1

Missing Evidence of Insurance for property 1 on final application

(2021-04-25) Lender provided evidence of insurance for REO (rental) property. Documentation submitted is deemed acceptable. Condition cleared. (2021-04-22) Lender provided Evidence of Insurance for subject property.  The loan file is missing Evidence of Insurance for property 2 on final application (rental property).  Condition remains.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020430

239_204_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020459

239_215_11847

11847

Credit

Invalid AUS

The Lender's Guidelines/Agency Guidelines require loan data to be resubmitted to DU if the data changes from the time the AUS was last run. The most recent AUS in file reflects issues with  Subject PITI, Income,.

(2021-04-20) Upon further review, condition has been cleared. (2021-04-16) The AUS indicated the hazard insurance was $XX.XX and the hazard insurance declaration showed the payment was $XX.XX per month.

Summary: Borrower has resided in current property for 11.00 years. ; Summary: Refinance reduces rate from 3.88% to 2.75%. ; Summary: Primary borrower has 15.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020459

239_215_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application. Guidelines require a VVOE within 10 business days prior to the note date. The VVOE is greater than 10 days prior to note date.

(2021-04-21) VVOE was provided.  Condition cleared.

Summary: Borrower has resided in current property for 11.00 years. ; Summary: Refinance reduces rate from 3.88% to 2.75%. ; Summary: Primary borrower has 15.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020459

239_215_1818

1818

Credit

Missing Trust Documentation

Missing Trust Documentation Borrower is taking title in a Trust. Trust documentation not provided.

(2021-04-21) Trust Certification was provided.  Condition cleared.

Summary: Borrower has resided in current property for 11.00 years. ; Summary: Refinance reduces rate from 3.88% to 2.75%. ; Summary: Primary borrower has 15.00 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020459

239_215_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 11.00 years. ; Summary: Refinance reduces rate from 3.88% to 2.75%. ; Summary: Primary borrower has 15.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020459

239_215_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 11.00 years. ; Summary: Refinance reduces rate from 3.88% to 2.75%. ; Summary: Primary borrower has 15.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020481

239_212_1456

1456

Credit

Missing Evidence of Insurance for REO1

Missing Evidence of Insurance for property 1 on final application

(2021-04-21) Evidence of insurance was provided.  Condition cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 13.90 years in field. ; Summary: Borrower has resided in current property for 5.00 years.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020481

239_212_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 13.90 years in field. ; Summary: Borrower has resided in current property for 5.00 years.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020240

239_213_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020240

239_213_1435

1435

Compliance

RESPA: Servicing Disclosure Statement Not Executed

RESPA: Servicing Disclosure Statement is not executed

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020380

239_200_17355

17355

Credit

Missing Paystubs (CoBorrower)

CoBorrower is missing Paystubs for the job listed in position 1 on the application

(2021-04-22) WVOE provided in lieu of paystubs.  Condition cleared.  See the K drive folder.

Summary: Coborrower has 13.00 years in field. ; Summary: Refinance reduces rate from 3.50% to 2.50%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020380

239_200_15237

15237

Credit

Missing W-2 Job 1 (CoBorrower)

Lender's guidelines require 2 years' W-2. Two years' W-2 not provided for CoBorrower's job listed in position 1 on the application. Number of W-2s in file is 0

(2021-04-22) WVOE provided in lieu of W2.  Condition cleared. See the K drive folder.

Summary: Coborrower has 13.00 years in field. ; Summary: Refinance reduces rate from 3.50% to 2.50%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020380

239_200_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Coborrower has 13.00 years in field. ; Summary: Refinance reduces rate from 3.50% to 2.50%.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020380

239_200_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing

(2021-04-19) This breach finding is non-material and will be rated a B grade.

Summary: Coborrower has 13.00 years in field. ; Summary: Refinance reduces rate from 3.50% to 2.50%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020380

239_200_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed

(2021-04-19) This breach finding is non-material and will be rated a B grade.

Summary: Coborrower has 13.00 years in field. ; Summary: Refinance reduces rate from 3.50% to 2.50%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020025

239_221_1095

1095

Credit

Insufficient Title Coverage

Title Coverage is $XXX,XXX.XX and the Loan Amount is $XXX,XXX.XX.

(2021-05-06) The Lender provided a Supplemental Title Report dated XX/XX/XXXX, which reflects a title policy coverage for a loan amount of $XXX,XXX.XX, that matches the subject loan amount.  Finding cleared.

Summary: Primary borrower has 7.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.13% to 2.50%. ; Summary: Borrower has resided in current property for 17.00 years.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020025

239_221_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 7.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.13% to 2.50%. ; Summary: Borrower has resided in current property for 17.00 years.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020315

239_199_15231

15231

Credit

Missing 3rd Party Verbal Verification of Employment 1 (Borrower)

Missing 3rd Party Verbal Verification of Employment for Borrower's job in position 1 on the application. The Verbal Verification of Employment is dated XX/XX/XXXX, which is > 10 days prior to the Note date.

(2021-04-22) VVOE dated within 10 days of closing was provided.  Condition cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020315

239_199_16463

16463

Credit

Missing Secondary Valuation

A valid secondary valuation supporting the origination appraisal value is not present, CU Score is Missing, CDA Not Required, No AVM in file, Field Review not required

(2021-05-14) Condition is not applicable and has been rescinded.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020315

239_199_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-14) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020315

239_199_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Loan does not meet Temporary Qualified Mortgage (TQM) due to verbal verification of employment is > 10 business days from the Note date.

(2021-04-22) AUS Standards are now met and loan meets TQM standards. (2021-04-22) VVOE dated within 10 days of closing was provided.  Condition cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020115

239_210_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 10.00 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020115

239_210_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing Change status of 'FCRA Negative Information Notice Missing' from Active to Acknowledged by Client. The exception status is currently Acknowledged by Client. This finding is non-material and will be rated a B grade.

(2021-04-18) This finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 10.00 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020174

239_198_1137

1137

Credit

Missing 4506-T

Missing 4506T for borrower(s) on loan.  Total number Borrowers is  2  Borrower: Yes CoBorrower: No Borrower 3: ___ Borrower 4: ___

(2021-04-19) 4506-T found on page XXX

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.38% to 2.75%.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020174

239_198_1107

1107

Credit

Missing Permanent Resident Alien Card (Borrower 2)

Missing CoBorrower permanent resident alien card A copy of the Permanent Resident Alien Card for the co-borrower as required by lender's guidelines was not provided.

(2021-05-07) Lender provided permanent resident alien card.  The documentation is deemed acceptable.  Condition is cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.38% to 2.75%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020174

239_198_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-14) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.38% to 2.75%.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020174

239_198_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Missing copy of Permanent Resident Alien Card and 4506-C for the Co-Borrower.

(2021-05-07) AUS Standards are now met and loan meets TQM standards. (2021-05-07) Lender provided required green card for co-borrower. The documentation is deemed acceptable.  Condition is cleared.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.38% to 2.75%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020174

239_198_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed This finding is non-material and will be rated a B grade.

(2021-04-19) This breach finding is non-material and will be rated a B grade. (2021-04-19) This finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.38% to 2.75%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020322

239_217_1417

1417

Credit

Employment History Less than 2 years for Borrower

Per Appendix Q, a creditor must verify the consumer’s employment for the most recent two full years, and the consumer must explain any gaps in employment that span one or more months and Indicate if he/she was in school or the military for the recent two full years, providing evidence supporting this claim, such as college transcripts, or discharge papers. Missing verification of previous employment.

(2021-05-13) Sufficient employment documentation has been provided. Condition cleared.

Summary: Refinance reduces rate from 3.63% to 2.75%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020322

239_217_10749

10749

Credit

Fraud Alert not verified - Borrower 1

The Third Party Fraud Report reflects a fraud alert. The loan file does not contain evidence the lender addressed the alert. Red Flag 1 SSN Verificiation Red Flag 2 ___ Red Flag 3 ___ Red Flag 4 ___

(2021-04-26) Loan was approved with LPA and there is no specific guideline that states you have to obtain a third party verification for the SSN.  We are allowed to verify this with other means like we have on this loan. (2021-04-21) The SSN was verified using the W2 & Green card application.  We do not require anything else.

(2021-04-26) A review of the credit report verified SSN matched to Borrower's.  Issuance after XXXX immigration documents.  Condition cleared. (2021-04-21) The USCIS forms do not have the borrower's SSN indicated on them, therefore, cannot be used for verification of SSN.  The W2 forms were provided by the Borrower.  Provide 3rd party verification or direct veriification from the Social Security Administration of borrower's SSN.  Condition remains.

Summary: Refinance reduces rate from 3.63% to 2.75%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020322

239_217_1095

1095

Credit

Insufficient Title Coverage

Title Coverage is $XXX,XXX.XX and the Loan Amount is $XXX,XXX.XX.

(2021-05-06) The Lender provided a short-form title policy with title coverage for a loan of $XXX,XXX.XX, which equals the subject loan amount.  Finding cleared.

Summary: Refinance reduces rate from 3.63% to 2.75%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020322

239_217_11847

11847

Credit

Invalid AUS

The exception 'Invalid AUS' is cleared. From fields in template: How Was Loan Underwritten ---- AUS DTI ---- No Reserves ---- No LTV ---- No CLTV ---- No FICO ---- No Subject PITI ---- No Income ---- No Occupancy ---- No Assets ---- No Other Debt ---- No Incorrect Figures ---- No Omission of Debt ---- No Wrong Loan Amount ---- No Subject Property Address ---- No

(2021-05-13) The Invalid AUS breach has been cleared. (2021-04-25) Lender submitted evidence of monthly XXX in the amount of $XXX.XX which was omitted from LP PITIA.

Summary: Refinance reduces rate from 3.63% to 2.75%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020322

239_217_1137

1137

Credit

Missing 4506-T

Missing 4506T for borrower(s) on loan.  Total number Borrowers is  1  Borrower: No CoBorrower: ___ Borrower 3: ___ Borrower 4: ___

(2021-04-21) Signed 4506-C forms were provided.  Condition cleared.

Summary: Refinance reduces rate from 3.63% to 2.75%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020322

239_217_15997

15997

Credit

Required Documentation is Missing

The loan file is missing:  1) Verification of XXX fees, 2) Letter of explanation for discrepancy in employer name (name on WVOE is different from name on the W2 and payroll deposits).

(2021-04-25) Lender provided evidence of monthly XXX fees on subject property. Also, an LOX was provided for employer name differences.  All documentation submitted is deemed acceptable. Condition cleared.

Summary: Refinance reduces rate from 3.63% to 2.75%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020322

239_217_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 3.63% to 2.75%.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020322

239_217_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing This finding is non-material and will be rated a B grade.

(2021-04-17) This finding is non-material and will be rated a B grade. (2021-04-16) This finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 3.63% to 2.75%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020322

239_217_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Loan file is missing:  1) Signed 4506-T, 2) Verification of two year employment history, 3) Verification of XXX fees (see LP General Message XXX), 4) Letter of explanation for discrepancy in employer name between WVOE, W2 and payroll deposits.

(2021-05-13) AUS Standards are now met and loan meets TQM standards. (2021-05-13) The remaining document requirements have been met. Condition cleared. (2021-05-06) The Lender provided a signed 4506-C form.  Revised the narrative for Non-TWM - Failing AUS finding.

Summary: Refinance reduces rate from 3.63% to 2.75%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020322

239_217_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed This finding is non-material and will be rated a B grade.

(2021-04-17) This finding is non-material and will be rated a B grade. (2021-04-16) This finding is non-material and will be rated a B grade.

Summary: Refinance reduces rate from 3.63% to 2.75%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020323

239_202_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 7.00 years in field. ; Summary: Refinance reduces rate from 4.00% to 2.99%. ; Summary: Borrower has resided in current property for 5.00 years.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020037

239_206_455

455

Credit

Missing Final Application (1003)

A final application for the subject transaction was not provided

(2021-04-25) Credit application is Present (2021-04-25) Lender provided signed/dated Final 1003 for both borrowers. Documentation submitted is deemed acceptable. Condition cleared.

Summary: Primary borrower has 10.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXXX.XX. ; Summary: UW guides maximum DTI of 23.00%, loan qualified with DTI of 19.30%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020037

239_206_927

927

Credit

Missing Mortgage/Deed of Trust

A Mortgage/Deed of Trust with borrower(s) signatures was not provided.

(2021-04-25) Valid Mortgage/Deed (2021-04-25) Lender provided signed Mortgage/Deed by both borrowers, along with Rider. Documentation submitted is deemed acceptable. Condition cleared.

Summary: Primary borrower has 10.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXXX.XX. ; Summary: UW guides maximum DTI of 23.00%, loan qualified with DTI of 19.30%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020037

239_206_10320

10320

Credit

Missing Note

Missing Note

(2021-04-25) Lender provided signed Note by both borrowers. Documentation submitted is deemed acceptable. Condition cleared.

Summary: Primary borrower has 10.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXXX.XX. ; Summary: UW guides maximum DTI of 23.00%, loan qualified with DTI of 19.30%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020037

239_206_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 10.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXXX.XX. ; Summary: UW guides maximum DTI of 23.00%, loan qualified with DTI of 19.30%.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020037

239_206_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing

(2021-04-19) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 10.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXXX.XX. ; Summary: UW guides maximum DTI of 23.00%, loan qualified with DTI of 19.30%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020037

239_206_1445

1445

Compliance

RESPA: IEADS Required - Missing or Incomplete

RESPA: Initial Escrow Account Disclosure Statement Missing

(2021-04-19) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 10.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXXX.XX. ; Summary: UW guides maximum DTI of 23.00%, loan qualified with DTI of 19.30%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020037

239_206_2961

2961

Compliance

TILA: NORTC Missing for one or more borrowers/vested parties

TILA: Notice of Right to Cancel Missing

(2021-05-14) Condition is not applicable and has been rescinded.

Summary: Primary borrower has 10.00 years in field. ; Summary: Refinance reduces total housing payment by  $-XXXX.XX. ; Summary: UW guides maximum DTI of 23.00%, loan qualified with DTI of 19.30%.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020259

239_216_-99953

-99953

Compliance

TILA Right of Rescission Test

This loan passed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from  12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from  12 CFR §226.15(a)(3) )The funding date is not before the third business day following consummation. The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. Right to Cancel provided in the loan file reflects a transaction date of XX/XX/XXXX with an expiration date of XX/XX/XXXX. The Final CD reflects the loan disbursed on XX/XX/XXXX did not giving the Borrower a full 3 days rescission. TILA 130(b) - within 60 days of discovery. Provide corrected CD, letter of explanation, proof of delivery and re-open rescission, if applicable.

(2021-04-22) The escrow company did not disburse the funds until XX/XX/XXXX after the rescission date.

(2021-04-25) Lender provided a true certified copy of the Final Borrower's Settlement Statement to confirm disbursement date. Documentation submitted is deemed acceptable. Condition cleared. (2021-04-22) Lender provided letter of explanation and post close CD reflecting a new disbursement date.  Please provide 3rd party verification of disbursement date (i.e. verification from the title company, copy of signed, certified final Settlement Statement or wire authorization).  Condition remains.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.50% to 2.99%. ; Summary: Borrower has resided in current property for 14.00 years. ; Summary: Primary borrower has 20.00 years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020259

239_216_-96354

-96354

Compliance

TRID Post-Consummation Event Validation Test

This loan failed the TRID Post-Consummation Event Validation Test.This loan has a post-consummation event date that occurs on or before the closing date or consummation date of the loan. Please review the loan data to ensure the dates are in the correct fields.

(2021-05-14) Condition is not applicable and has been rescinded.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.50% to 2.99%. ; Summary: Borrower has resided in current property for 14.00 years. ; Summary: Primary borrower has 20.00 years in field.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020535

239_65_16299

16299

Compliance

Final Closing Disclosure is missing or incomplete |SFA 3.0

Final Closing Disclosure is missing or incomplete

(2021-05-07) Received copy of complete Final Closing Disclosure (2021-05-07) The lender provided a PCCD dated XX/XX/XXXX, which reflects a closing date of XX/XX/XXXX and a disb date of XX/XX/XXXX.  Finding cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020535

239_65_-99953

-99953

Compliance

TILA Right of Rescission Test

This loan passed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from  12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from  12 CFR §226.15(a)(3) )The funding date is not before the third business day following consummation. The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last.

(2021-05-10) Lender provided updated CD. Condition cleared. (2021-04-22) Lender provided final Closing Disclosure with revised disbursement date.  Provide 3rd party verification of disbursement date (i.e. verification from the settlement agent, signed/certified final Settlement Statement or wire authorization funds).  Condition remains.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020039

239_207_1472

1472

Credit

Borrower's financed properties exceed guideline maximum

A borrower is not eligible for financing if they currently have 2 financed properties.  Per the schedule of real estate owned, the borrower(s) currently (has/have) 3 financed properties, which makes them ineligible for financing. REO #2 was disclosed as f/c land vs. financed residential property.

(2021-05-05) Upon further review the borrower meets the AUS guidelines for financed properties.  Condition Cleared.

Summary: Borrower has resided in current property for 10.00 years. ; Summary: UW Guides require 2.00 months reserves, loan qualified with 28.55 months reserves. ; Summary: Primary borrower has 10.00 years in field. ; Summary: Borrower has 11.75 years self employed.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020039

239_207_11312

11312

Credit

DTI Exceeds Guidelines

Guidelines reflect a DTI of 22.69%. Due to a miscalculation of debts to income, the actual DTI is 25.76%. Income  used includes total borrower income $XXXX.XX plus subject property positive rental income $0.00 plus other REO positive rental income $0.00. Total debt amount used is $XXXXX.XX. The DU reflects a maximum allowable DTI of 22.69%.  Due to the improper calculation of debts, the actual DTI is 25.76%. Lender failed to include the $XXX.XX child support payment for one of the borrower’s children and $XXX.XX real estate tax payment for the borrower’s primary residence.

(2021-05-10) Lender Provided Updated AUS with DTI increased, meeting guideline requirement. Condition Cleared.

Summary: Borrower has resided in current property for 10.00 years. ; Summary: UW Guides require 2.00 months reserves, loan qualified with 28.55 months reserves. ; Summary: Primary borrower has 10.00 years in field. ; Summary: Borrower has 11.75 years self employed.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020039

239_207_11847

11847

Credit

Invalid AUS

The Lender's Guidelines/Agency Guidelines require loan data to be resubmitted to DU if the data changes from the time the AUS was last run. The most recent AUS in file reflects issues with DTI, Omission of Debt,.

(2021-05-10) Lender Provided updated AUS with increased DTI, meeting guideline requirement. Condition Cleared.

Summary: Borrower has resided in current property for 10.00 years. ; Summary: UW Guides require 2.00 months reserves, loan qualified with 28.55 months reserves. ; Summary: Primary borrower has 10.00 years in field. ; Summary: Borrower has 11.75 years self employed.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020039

239_207_8735

8735

Credit

Missing Evidence of HOA Dues for REO2

Missing Evidence of XXX Dues for REO2

(2021-05-05) Upon further review, the XXX is sufficient as this property is land only.  Condition Cleared.

Summary: Borrower has resided in current property for 10.00 years. ; Summary: UW Guides require 2.00 months reserves, loan qualified with 28.55 months reserves. ; Summary: Primary borrower has 10.00 years in field. ; Summary: Borrower has 11.75 years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020039

239_207_1454

1454

Credit

Missing Evidence of Insurance for Primary Residence

Missing Evidence of Insurance for Primary Residence

(2021-05-10) Lender Provided Hazard Insurance Policy for primary, meeting guideline requirement. Condition Cleared.

Summary: Borrower has resided in current property for 10.00 years. ; Summary: UW Guides require 2.00 months reserves, loan qualified with 28.55 months reserves. ; Summary: Primary borrower has 10.00 years in field. ; Summary: Borrower has 11.75 years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020039

239_207_8718

8718

Credit

Missing Evidence of Insurance for REO2

Missing Evidence of Insurance for property 4 on final application

(2021-05-05) Upon further review, the hazard is sufficient as this property is land only.  Condition Cleared

Summary: Borrower has resided in current property for 10.00 years. ; Summary: UW Guides require 2.00 months reserves, loan qualified with 28.55 months reserves. ; Summary: Primary borrower has 10.00 years in field. ; Summary: Borrower has 11.75 years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020039

239_207_1451

1451

Credit

Missing Evidence of Property Taxes for Primary Residence

Missing Evidence of Property Taxes for Primary Residence

(2021-05-10) Lender Provided Property taxes for primary, meeting guideline requirement. Condition Cleared.

Summary: Borrower has resided in current property for 10.00 years. ; Summary: UW Guides require 2.00 months reserves, loan qualified with 28.55 months reserves. ; Summary: Primary borrower has 10.00 years in field. ; Summary: Borrower has 11.75 years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020039

239_207_15997

15997

Credit

Required Documentation is Missing

The exception 'Required Documentation is Missing' is cleared.

(2021-05-05) Upon further review the credit report in file is sufficient for Principle and Interest of REO 2.  Condition Cleared.

Summary: Borrower has resided in current property for 10.00 years. ; Summary: UW Guides require 2.00 months reserves, loan qualified with 28.55 months reserves. ; Summary: Primary borrower has 10.00 years in field. ; Summary: Borrower has 11.75 years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020039

239_207_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Loan does not meet criteria for Temporary Qualified Mortgage due to missing evidence of taxes and insurance for Primary residnece and evidence of Principal, interest, HOI and XXX for REO #2 on the final application.

(2021-05-10) AUS Standards are now met and loan meets TQM standards.  Lender Provided updated AUS with increased DTI, meeting guideline requirement. Condition Cleared. (2021-05-10)  Lender Provided updated AUS with increased DTI, meeting guideline requirement. Condition Cleared.

Summary: Borrower has resided in current property for 10.00 years. ; Summary: UW Guides require 2.00 months reserves, loan qualified with 28.55 months reserves. ; Summary: Primary borrower has 10.00 years in field. ; Summary: Borrower has 11.75 years self employed.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020540

239_220_16606

16606

Credit

Asset Verification is expired

The account statement for asset(s) identified on the application in position 1 is dated over 120 days from the Note date XX/XX/XXXX. Per XXXXXX XXX Lender Letter XXXX-XX and XXXX-XX, income and credit documents must be dated 60 days prior to the Note.  The statements were dated XX/XX/XXXX which are more than 60 days prior to the Note date

(2021-05-06) Asset statement dates were entered incorrectly, which caused the Asset Verification is expired finding to fire, due to the statements being more than 60 days prior to the Note date.  This was an invalid condition due to erroneous data entry.  Condition rescinded. (2021-04-21) Lender provided bank statements ending XX/XX/XXXX which is more than 60 days from the Note date.  Condition remains.

Summary: Refinance reduces total housing payment by  $-XXXX.XX. ; Summary: UW Guides require 2.00 months reserves, loan qualified with XXXX.XX months reserves. ; Summary: Borrower has resided in current property for 9.00 years.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020540

239_220_11847

11847

Credit

Invalid AUS

The Lender's Guidelines/Agency Guidelines require loan data to be resubmitted to DU if the data changes from the time the AUS was last run. The most recent AUS in file reflects issues with  Assets,. Asset documents are expired.

(2021-05-11) Per the XXXXXX XXX Selling Guide, "Monthly bank statements must be dated within 45 days of the initial loan application date."  The initial application date was XX/XX/XXXX and all of the latest asset statements are dated between XX/XX/XXXX and XX/XX/XXXX, which are meet the guideline requirement.  Finding is cleared.

Summary: Refinance reduces total housing payment by  $-XXXX.XX. ; Summary: UW Guides require 2.00 months reserves, loan qualified with XXXX.XX months reserves. ; Summary: Borrower has resided in current property for 9.00 years.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020540

239_220_16614

16614

Credit

Retirement Asset Verification is expired

The account statement for asset(s) identified on the application in position ___ is dated over 120 days from the Note date XX/XX/XXXX. Per XXXXXX XXX Lender Letter XXXX-XX and XXXX-XX, income and credit documents must be dated 60 days prior to the Note.  The statements were dated XX/XX/XXXX which are more than 60 days prior to the Note date.

(2021-05-06) Retirement statement dates were entered incorrectly, which caused the Retirement Asset Verification is expired finding to fire, due to the statements being more than 60 days prior to the Note date.  This was an invalid condition due to erroneous data entry.  Condition rescinded.

Summary: Refinance reduces total housing payment by  $-XXXX.XX. ; Summary: UW Guides require 2.00 months reserves, loan qualified with XXXX.XX months reserves. ; Summary: Borrower has resided in current property for 9.00 years.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020540

239_220_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Refinance reduces total housing payment by  $-XXXX.XX. ; Summary: UW Guides require 2.00 months reserves, loan qualified with XXXX.XX months reserves. ; Summary: Borrower has resided in current property for 9.00 years.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020160

239_229_1323

1323

Credit

Missing Evidence of Self Employment - Borrower 1 S Corporation 1

Borrower 1 is self-employed and is missing verification of self-employment on the S corporation listed in position 1  on the application.  Documentation Requirements: Allow CPA Letter or Business License or other valid verification. CPA Letter is Not in File, Business license is not within guideline days of note date, Other Verification is Not in File.  The note date is XX/XX/XXXX The loan application indicated that the borrower was self-employed. According to the program guidelines, documentation for a self-employed borrower requires an independent confirmation of self-employment, such as a copy of the business license or a letter from an accountant verifying the length and existence of the business. The loan file contained no verification of the borrower’s S corporation, rendering the subject mortgage ineligible for delivery to the investor. Covid update requies verification of sel-employment within 10 days of closing. Business license is dated more than 10 days from closing.

(2021-05-13) Lender provided VVOE dated XX/XX/XXXX, which is after Note date but prior to delivery and meets guidelines.  Condition cleared. (2021-05-12) Post close business license is okay due to prior to loan delivery, however COVID guidelines state that self-employment verification must also be verified by: evidence of current business receipts within 20 days of note date (payment for services performed); lender certification the business is open and operating (lender confirmed through a phone call or other means); or a business website demonstrating activity supporting current business operations (timely appointments for estimates or servcie can be scheduled).  Condition remains. (2021-04-28) Lender provided a copy of the Business License dated XX/XX/XXXX.  This is not acceptable as it is dated after the Note date.  Additionally, FHLMC has provided clarifiction on the use of business license(s) for verification of self-employment.  Per COVID-19 Selling-related Frequently Asked Quesstions (updated 03/11/2021),  Q: Is it acceptable to use a business license to verify that the business is open and operating within 20 days of closing?  A:  No, that is not acceptable as it does not verify the business is open or operating within the 20 day or less time frame prior to closing.  Refer to Bulletin XXXX-X for examples of how to meet this requirement.  Per Bulletin XXXX-X, examples of methods the Seller may use to confirm the Borrower's buiness is currently operating include:  1) evidence of current work (executed contract or signed invoices that indicate the business is operating on the day the Seller verifies self-employment, 2) evidence of current business receipts, 3) Seller certification the business is open and operating (ex. the Seller confirmed through a phone call or other means), 4) Business website demonstrating activity supporting current business operations (eg. timely appointment for estimates or service can be schedule).  Condition remains. (2021-04-21) Lender provided verification of the business dated XX/XX/XXXX which is after the Note date.  Verification should be dated within 20 days prior to the Note date.  Condition remains.

Summary: Borrower has resided in current property for 12.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.63% to 2.88%. ; Summary: Coborrower has 16.00 years in field. ; Summary: Coborrower has 16.00 years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020160

239_229_8193

8193

Credit

Missing Evidence of Self Employment for S Corporation 1 (CoBorrower)

CoBorrower is self-employed and is missing verification of self-employment on the S corporation listed in position 1 on the application. Documentation Requirements: Allow CPA Letter or Business License or other valid verification.  CPA Letter is Not in File, Business license is not within guideline days of note date, Other Verification is Not in File. The note date is XX/XX/XXXX. The loan application indicated that the borrower was self-employed. According to the program guidelines, documentation for a self-employed borrower requires an independent confirmation of self-employment, such as a copy of the business license or a letter from an accountant verifying the length and existence of the business. The loan file contained no verification of the borrower’s S corporation, rendering the subject mortgage ineligible for delivery to the investor. Covid update requies verification of sel-employment within 10 days of closing. Business license is dated more than 10 days from closing.

(2021-05-13) Lender provided VVOE dated XX/XX/XXXX, which is after Note date but prior to delivery and meets guidelines.  Condition cleared. (2021-05-12) Post close business license is okay due to prior to loan delivery, however COVID guidelines state that self-employment verification must also be verified by: evidence of current business receipts within 20 days of note date (payment for services performed); lender certification the business is open and operating (lender confirmed through a phone call or other means); or a business website demonstrating activity supporting current business operations (timely appointments for estimates or servcie can be scheduled).  Condition remains. (2021-04-28) er Selling Guidance Related to COVID, verification of self-employment must be done 20 days prior to the Note date.  The business license verification from the State website does not indicate the date verification was made, therefore, audit unable to determine if the verification was made within 20 days prior to Note.  The lender provided current verification, however, it is after the Note date.  Per guidance, the following are  other acceptable forms of verification:  1) Evidence of current work (executed contract or signed invoices that business is operating on the day the Seller verifiies self-employment, 2) Evidence of current business receipts, 3) Seller certification the business is open and operating (seller confirmed through phone call or other means) or 4) business website demonstrating activity supporting current business operations (timely appointments for estimate or service can be schedule).   Provide other forms of verification.  Condition remains (2021-04-26) Per Selling Guidance Related to COVID, verification of self-employment must be done 20 days prior to the Note date.  The business license verification from the State website does not indicate the date verification was made, therefore, audit unable to determine if the verification was made within 20 days prior to Note.  The lender provided current verification, however, it is after the Note date.  Per guidance, the following are  other acceptable forms of verification:  1) Evidence of current work (executed contract or signed invoices that business is operating on the day the Seller verifiies self-employment, 2) Evidence of current business receipts, 3) Seller certification the business is open and operating (seller confirmed through phone call or other means) or 4) business website demonstrating activity supporting current business operations (timely appointments for estimate or service can be schedule).   Provide other forms of verification.  Condition remains. (2021-04-21) Lender provided verification of the business dated XX/XX/XXXX which is after the Note date.  Verification should be dated within 20 days prior to the Note date.  Condition remains.

Summary: Borrower has resided in current property for 12.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.63% to 2.88%. ; Summary: Coborrower has 16.00 years in field. ; Summary: Coborrower has 16.00 years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020160

239_229_1372

1372

Credit

Missing Executed Business Returns for  S-Corporation 1 (Borrower 1)

Borrower 1 is self-employed and is missing the executed business returns for the S-Corporation listed in position 1 on the application. The business returns in file is Not Executed, the number of years returns are ___, and the AUS override the less than 2 year rule is ___. Per Appendix Q, Self-employed consumers must provide the following information:  signed, dated individual tax returns, with all applicable tax schedules for the most recent two years;  for a corporation, “S” corporation, or partnership, signed copies of Federal business income tax returns for the last two years, with all applicable tax schedules.  Signed business returns not provided.

(2021-04-28) Loan file contained IRS Form 8879-S which is an acceptable alternative to signed tax returns per Seller Guide Section 5302.4.  Condition cleared.

Summary: Borrower has resided in current property for 12.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.63% to 2.88%. ; Summary: Coborrower has 16.00 years in field. ; Summary: Coborrower has 16.00 years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020160

239_229_8196

8196

Credit

Missing Executed Business Returns for S Corporation 1 (CoBorrower)

CoBorrower is self-employed and is missing the executed business returns for the S-Corporation listed in position 1 on the application. The business returns in file is Not Executed, the number of years returns are ___, and the AUS override the less than 2 year rule is ___. Per Appendix Q, Self-employed consumers must provide the following information:  signed, dated individual tax returns, with all applicable tax schedules for the most recent two years;  for a corporation, “S” corporation, or partnership, signed copies of Federal business income tax returns for the last two years, with all applicable tax schedules.  Signed business returns not provided.

(2021-04-28) Loan file contained IRS Form 8879-S which is an acceptable alternative to signed tax returns per Seller Guide Section 5302.4.  Condition cleared.

Summary: Borrower has resided in current property for 12.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.63% to 2.88%. ; Summary: Coborrower has 16.00 years in field. ; Summary: Coborrower has 16.00 years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020160

239_229_1457

1457

Credit

Missing Executed Personal Tax Returns for Borrower

Guidelines state: At least 2 years personal returns required.  Status of Personal Tax Return: Not Executed.  Tax Transcripts in file: N/A.  Details: Not signed Per Appendix Q, Self-employed consumers must provide the following information:  signed, dated individual tax returns, with all applicable tax schedules for the most recent two years.  Signed returns not provided.

(2021-04-28) Loan file contained IRS Form 8879 which is an acceptable signature alternative to signed tax returns per Seller Guide Section 5302.4.  Condition cleared.

Summary: Borrower has resided in current property for 12.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.63% to 2.88%. ; Summary: Coborrower has 16.00 years in field. ; Summary: Coborrower has 16.00 years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020160

239_229_7741

7741

Credit

Missing Executed Personal Tax Returns for Coborrower

Guidelines state: At least 2 years personal returns required.  Personal Tax Return in File: Not Executed.  Tax Transcripts - income supported: N/A. Details: Not signed Per Appendix Q, Self-employed consumers must provide the following information:  signed, dated individual tax returns, with all applicable tax schedules for the most recent two years.  Signed returns not provided.

(2021-04-28) Loan file contained IRS Form 8879 which is an acceptable signature alternative to signed tax returns per Seller Guide Section 5302.4.  Condition cleared.

Summary: Borrower has resided in current property for 12.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.63% to 2.88%. ; Summary: Coborrower has 16.00 years in field. ; Summary: Coborrower has 16.00 years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020160

239_229_8197

8197

Credit

Missing YTD Profit & Loss for S Corporation 1 (CoBorrower)

CoBorrower is self-employed and the YTD Profit & Loss is either missing or not executed for the S-Corporation listed in position XXX on the application.   Profit & Loss in File:  Not Executed

(2021-05-13) Lender provided P&L statement. Condition cleared.

Summary: Borrower has resided in current property for 12.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.63% to 2.88%. ; Summary: Coborrower has 16.00 years in field. ; Summary: Coborrower has 16.00 years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020160

239_229_15264

15264

Compliance

Non-TQM - Failing AUS

Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to a failing to meet the Automated Underwriting Standards (AUS). Per AUS, personal and business tax returns must be executed. Signed personal and business returns not provided.

(2021-05-13) AUS Standards are now met and loan meets TQM standards. Lender provided VVOE dated XX/XX/XXXX, which is after Note date but prior to delivery.  Condition cleared. (2021-05-13) Lender provided VVOE dated XX/XX/XXXX, which is after Note date but prior to delivery and meets guidelines.  Condition cleared. (2021-05-12) Post close business license is okay due to prior to loan delivery, however COVID guidelines state that self-employment verification must also be verified by: evidence of current business receipts within 20 days of note date (payment for services performed); lender certification the business is open and operating (lender confirmed through a phone call or other means); or a business website demonstrating activity supporting current business operations (timely appointments for estimates or servcie can be scheduled).  Condition remains. (2021-05-07) The lender provided signed XXXX and YTD XXXX P&L statements.  However, there is no additional documentation to verify self-employment within 20 days of closing.  The finding is updated but still retained. (2021-04-28) Loan file is missing verification of self-employment within 20 days of closing and executed Profit & Loss statements.

Summary: Borrower has resided in current property for 12.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.63% to 2.88%. ; Summary: Coborrower has 16.00 years in field. ; Summary: Coborrower has 16.00 years self employed.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020513

239_219_1811

1811

Credit

Insufficient asset documentation in file - assets do not cover closing costs

Verified assets of $X.XX less cash to close $X,XXX.XX and less unverified earnest money $X.XX results in $-XXXX.XX shortage of funds to close.

(2021-04-22) Final CD reflects borrower getting cash back, LP Required Borrower Funds = $X.XX.  Condition cleared.

Summary: Primary borrower has 28.00 years in field. ; Summary: Borrower has resided in current property for 15.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.63% to 2.88%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020513

239_219_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 28.00 years in field. ; Summary: Borrower has resided in current property for 15.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.63% to 2.88%.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020513

239_219_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing

(2021-04-19) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 28.00 years in field. ; Summary: Borrower has resided in current property for 15.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.63% to 2.88%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020513

239_219_16299

16299

Compliance

Final Closing Disclosure is missing or incomplete |SFA 3.0

Final Closing Disclosure is missing or incomplete The final CD provided in the loan file reflects a disbursement date before the loan closed; not having correct prepaid interest payable by the Borrower.  TILA 130(b) - within 60 days of discovery. Provide corrected CD, letter of explanation, proof of delivery and re-open rescission, if applicable.

(2021-05-07) Received copy of complete Final Closing Disclosure. (2021-05-07) The Lender provided the final ALTA statement from XXXX which confirms that the loan disbursed on XX/XX/XXXX.  This matches the PCCD dated XX/XX/XXXX, which reflects the same disb date.  Finding cleared. (2021-05-03) Lender provided a Disclosure Tracking, notice to borrower and CD’s showing an updated disbursement date. Please provide documented proof that the loan disbursed on this new date via the wire transfer documentation or the disbursement authorization docs (Settlement Statement).  Condition retained. (2021-04-23) Upon further review, this breach has been re-activated.  Lender provided a new CD showing an updated disbursement date. Please provide documented proof that the loan disbursed on this new date via the wire transfer documentation or the disbursement authorization docs.  Condition retained. (2021-04-22) Letter of explanation, corrected CD, rescission re-opened and proof of delivey were provided.  This finding will be rated a B grade.

Summary: Primary borrower has 28.00 years in field. ; Summary: Borrower has resided in current property for 15.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.63% to 2.88%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020513

239_219_-96348

-96348

Compliance

Lender Credits That Cannot Decrease Test

This loan passed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains lender credits that do not exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($X,XXX.XX) exceeds or equals the comparable sum of specific and non-specific lender credits ($X,XXX.XX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).

(2021-05-14) Condition has been cleared. (2021-04-22) Loan amount decreased, lender credits decreased accordingly.  Finding rescinded.

Summary: Primary borrower has 28.00 years in field. ; Summary: Borrower has resided in current property for 15.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.63% to 2.88%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020513

239_219_-96341

-96341

Compliance

Revised Closing Disclosure Window Exceeded for Tolerance Baseline Reset Finding

This loan has exceeded the window for redisclosure on a revised closing disclosure to reset the tolerance baseline due to one of the following findings: (Official Interpretations to 12 CFR §1026.19(e)(4)(ii)-1)The initial closing disclosure was provided to the consumer prior to XX/XX/XXXX and there are four or more business days in between the time a revised loan estimate would have been required to be provided to the consumer and the consummation date; orThe changed circumstance date or date the rate was set is after the consummation date. If the changed circumstance or interest rate was set after consummation, the changes should be entered on a post-consummation revised closing disclosure.A creditor may not provide consumers with a revised closing disclosure reflecting revised charges resulting from the changed circumstance and rely on those figures for purposes of determining good faith and the applicable tolerance.Official Interpretations to 12 CFR §1026.19(e)(4)(ii)-1 for loans with an initial closing disclosure provided prior to XX/XX/XXXX:...If, however, there are less than four business days between the time the revised version of the disclosures is required to be provided pursuant to §1026.19(e)(4)(i) and consummation, creditors comply with the requirements of §1026.19(e)(4) if the revised disclosures are reflected in the disclosures required by §1026.19(f)(1)(i).

(2021-05-14) Condition has been cleared.

Summary: Primary borrower has 28.00 years in field. ; Summary: Borrower has resided in current property for 15.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.63% to 2.88%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020513

239_219_-96381

-96381

Compliance

TRID Initial Closing Disclosure Date and Post-Consummation Event Requiring Redisclosure Validation Test

This loan failed the TRID initial closing disclosure date and post-consummation event requiring redisclosure date validation test.This loan contains an initial closing disclosure receipt date (or initial closing disclosure delivery date if receipt date was not provided) that is after the post-consummation event requiring redisclosure date. Please review the loan data to ensure the dates are in the correct fields.

(2021-05-14) Condition has been cleared.

Summary: Primary borrower has 28.00 years in field. ; Summary: Borrower has resided in current property for 15.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.63% to 2.88%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020513

239_219_-96354

-96354

Compliance

TRID Post-Consummation Event Validation Test

This loan failed the TRID Post-Consummation Event Validation Test.This loan has a post-consummation event date that occurs on or before the closing date or consummation date of the loan. Please review the loan data to ensure the dates are in the correct fields.

(2021-05-14) Condition has been cleared.

Summary: Primary borrower has 28.00 years in field. ; Summary: Borrower has resided in current property for 15.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.63% to 2.88%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020513

239_219_-96378

-96378

Compliance

TRID Post-Consummation Reason for Redisclosure Validation Test

This loan failed the TRID post-consummation reason for redisclosure validation test.This loan contains a post-consummation revised closing disclosure delivery date but does not provide the reason for the redisclosure after consummation. The reason is required in order to audit post-consummation redisclosure timing tests.

(2021-05-14) Condition has been cleared.

Summary: Primary borrower has 28.00 years in field. ; Summary: Borrower has resided in current property for 15.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Refinance reduces rate from 3.63% to 2.88%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020044

239_205_11847

11847

Credit

Invalid AUS

The Lender's Guidelines/Agency Guidelines require loan data to be resubmitted to DU if the data changes from the time the AUS was last run. The most recent AUS in file reflects issues with  Assets,.

(2021-04-23) The AUS did not require any verification of assets. Condition cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020044

239_205_1541

1541

Credit

Missing asset documentation - liquid assets

Lender's guidelines require 1  months' bank statements,  investor portfolio statements,  401K or other retirement account statements.  There are insufficient asset statements for the following accounts: From forms in template: Form : Liquid Assets [Row 1]

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020044

239_205_15997

15997

Credit

Required Documentation is Missing

___

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

LD2021020044

239_205_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020266

239_201_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 13.25 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020203

239_223_937

937

Credit

Missing Final Application - Not Executed

A final application executed by the borrower(s) was not provided.

(2021-05-06) The Lender provided the final loan application (1003) signed by both borrowers on XX/XX/XXXX.  Finding cleared.

Summary: Borrower has resided in current property for 3.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 10.00 years in field. ; Summary: Borrower has 5.00 years self employed. ; Summary: Refinance reduces rate from 3.25% to 2.75%. ; Summary: UW Guides require 3.89 months reserves, loan qualified with 10.41 months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020203

239_223_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 3.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 10.00 years in field. ; Summary: Borrower has 5.00 years self employed. ; Summary: Refinance reduces rate from 3.25% to 2.75%. ; Summary: UW Guides require 3.89 months reserves, loan qualified with 10.41 months reserves.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020203

239_223_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 3.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 10.00 years in field. ; Summary: Borrower has 5.00 years self employed. ; Summary: Refinance reduces rate from 3.25% to 2.75%. ; Summary: UW Guides require 3.89 months reserves, loan qualified with 10.41 months reserves.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020203

239_223_16299

16299

Compliance

Final Closing Disclosure is missing or incomplete |SFA 3.0

Final Closing Disclosure is missing or incomplete Missing Final CD signed by both borrowers.

(2021-05-06) The Lender provided the final CD signed by both borrowers on XX/XX/XXXX.  See the K drive. (2021-05-06) The Lender provided the final CD signed by both borrowers on XX/XX/XXXX.  Finding cleared. (2021-04-16) Missing Final CD signed by both borrowers.

Summary: Borrower has resided in current property for 3.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 10.00 years in field. ; Summary: Borrower has 5.00 years self employed. ; Summary: Refinance reduces rate from 3.25% to 2.75%. ; Summary: UW Guides require 3.89 months reserves, loan qualified with 10.41 months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020203

239_223_11895

11895

Compliance

Missing Initial Broker Application Date - unable to complete Compliance review

Missing Initial Broker Application Date - unable to complete Compliance review

(2021-05-14) Condition has been cleared.

Summary: Borrower has resided in current property for 3.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 10.00 years in field. ; Summary: Borrower has 5.00 years self employed. ; Summary: Refinance reduces rate from 3.25% to 2.75%. ; Summary: UW Guides require 3.89 months reserves, loan qualified with 10.41 months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020203

239_223_11907

11907

Compliance

Missing Initial Lender of Record Application Date - unable to complete Compliance review

The exception 'Missing Initial Lender of Record Application Date - unable to complete Compliance review' is cleared. From fields in template: Calculated Lender Application Date ---- XX/XX/XXXX 12:00:00 AM

(2021-05-14) Condition has been cleared.

Summary: Borrower has resided in current property for 3.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 10.00 years in field. ; Summary: Borrower has 5.00 years self employed. ; Summary: Refinance reduces rate from 3.25% to 2.75%. ; Summary: UW Guides require 3.89 months reserves, loan qualified with 10.41 months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020203

239_223_1445

1445

Compliance

RESPA: IEADS Required - Missing or Incomplete

RESPA: Initial Escrow Account Disclosure Statement Missing

(2021-04-16) This breach finding is non-material and will be rated a B grade.

Summary: Borrower has resided in current property for 3.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 10.00 years in field. ; Summary: Borrower has 5.00 years self employed. ; Summary: Refinance reduces rate from 3.25% to 2.75%. ; Summary: UW Guides require 3.89 months reserves, loan qualified with 10.41 months reserves.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020203

239_223_2961

2961

Compliance

TILA: NORTC Missing for one or more borrowers/vested parties

TILA: Notice of Right to Cancel Missing

(2021-05-10) TILA: Notice of Right to Cancel Present (2021-05-10) Lender provided Notice of Right to Cancel for both borrowers to meet guideline requirement.  Condition Cleared.

Summary: Borrower has resided in current property for 3.00 years. ; Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: Primary borrower has 10.00 years in field. ; Summary: Borrower has 5.00 years self employed. ; Summary: Refinance reduces rate from 3.25% to 2.75%. ; Summary: UW Guides require 3.89 months reserves, loan qualified with 10.41 months reserves.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

LD2021020520

239_226_1456

1456

Credit

Missing Evidence of Insurance for REO1

Missing Evidence of Insurance for property 1 on final application Missing evidence of hazard insurance for CB and B3 primary residence.

(2021-04-21) Evidence of Insurance was provided.  Condition cleared.

Summary: Primary borrower has 11.00 years in field. ; Summary: Refinance reduces rate from 4.13% to 2.88%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020520

239_226_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 11.00 years in field. ; Summary: Refinance reduces rate from 4.13% to 2.88%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020520

239_226_17454

17454

Compliance

RESPA: AfBA Disclosure from Broker is Missing or Incomplete

RESPA: AfBA Disclosure from Broker is Missing

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 11.00 years in field. ; Summary: Refinance reduces rate from 4.13% to 2.88%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020520

239_226_1392

1392

Compliance

RESPA: AfBA Disclosure is Missing or Incomplete

RESPA: AfBA Disclosure is Missing

(2021-05-14) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 11.00 years in field. ; Summary: Refinance reduces rate from 4.13% to 2.88%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020277

239_211_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-15) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020347

239_184_1541

1541

Credit

Missing asset documentation - liquid assets

Lender's guidelines require 2  months' bank statements,  investor portfolio statements,  401K or other retirement account statements.  There are insufficient asset statements for the following accounts: Form : Liquid Assets Missing additional statement for savings account

(2021-04-21) Please find the attached investment/bank statements attached to support liquid assets.

(2021-04-21) Additional bank statement was provided.  Condition cleared.

Summary: Primary borrower has 9.50 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020347

239_184_1456

1456

Credit

Missing Evidence of Insurance for REO1

Missing Evidence of Insurance for property 1 on final application

(2021-04-21) Evidence of Insurance was provided.  Condition cleared.

Summary: Primary borrower has 9.50 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020347

239_184_929

929

Credit

Missing Mortgage/Deed of Trust - Not Recorded

A copy of the recorded Mortgage/Deed of Trust was not provided

(2021-04-21) Please clarify the reason for needing a recorded copy.  A fully executed copy of the Mortgage was provided in the investor package.  The original is in the process of being recorded with the county.  Please clear if finding is invalid.

(2021-04-21) Recorded Mortgage/Deed of Trust received (2021-04-21) Evidence that document was sent for recording is required for securitized loans.  However, a review of the loan file indicates there was sufficient documentation in the loan file that the document was sent for recording.  Condition cleared.

Summary: Primary borrower has 9.50 years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

LD2021020347

239_184_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-05-14) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 9.50 years in field.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

LD2021020347

239_184_-98773

-98773

Compliance

First Lien Prohibited Fees Test

This loan failed the  first lien prohibited fees test. (N.J.S.A. §17:11C-74, N.J.A.C. §§3:1-16.2)The loan does charge fee(s) not provided for in this act, which is prohibited.A person licensed as a mortgage broker shall have the right to charge only the following fees: (1) application fee; and (2) a broker fee.A person licensed as a mortgage banker or correspondent mortgage banker shall have the right to charge only the following fees:Application feeOrigination FeeLock in feeCommitment FeeWarehouse FeeDiscount Points

(2021-04-21) Please clear invalid finding, $XX.XX fee was not a fee charged by the mortgage broker.  The $XX.XX Title Certification fee was charged by and paid to the settlement agent.

(2021-05-05) Lender provided tolerance cure and also confirmed that "this is not a fee that is being charged on every loan. The title fees vary depending on each title company's fee structure, which we don't control. In this case, it was charged by the title company in error."  Condition will be marked as non-material and will be considered  a B grade. (2021-04-22) Audit Compliance confirmed that the Title Certification Fee is not one of the approved fees that can be charged in NJ, even by a 3rd party.  Please note that the Compliance Ease report dated XX/XX/XXXX found in the loan file, indicates the loan file failed the State Regulations Restricted Fees - Prohibited Fees Test.  Condition remains. (2021-04-21) This issue has been escalated to our Compliance Department. (2021-04-16) Compliance test is failing by $XX Title Certification Fee.

Summary: Primary borrower has 9.50 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

LD2021020347

239_184_16965

16965

Compliance

Information required for CD 'Contact Information' License ID section not completed or completed in error |SFA 3.0

Information required for CD 'Contact Information' License ID section not completed, or completed in error Missing contact information and license # for Real Estate Broker (B) & (S).

(2021-04-16) This breach finding is non-material and will be rated a B grade.

Summary: Primary borrower has 9.50 years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B