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

312058821

245_33_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 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.

(2021-05-11) Lender provided documentation to meet requirement.  Condition cleared.

Summary: Primary borrower has XX years in field. ; Summary: Borrower has XX years self employed. ; Summary: Refinance reduces total housing payment by  $XX ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312058821

245_33_1321

1321

Credit

Missing Evidence of Self Employment - Borrower1 Schedule C Business 1

Borrower 1 is self-employed and is missing verification of self-employment on the Schedule C business 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 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 schedule C business, rendering the subject mortgage ineligible for delivery to the investor.

(2021-05-14) Lender provided verification of business within 10 days prior to Note date, as well as AFTER Note date. Documentation submitted is deemed acceptable. Condition cleared. (2021-05-13) Lender provided the XXXX Schedule C.  However, evidence of self-employment is required in the form of business licenses and/or a CPA letter.  Condition remains active.

Summary: Primary borrower has XX years in field. ; Summary: Borrower has XX years self employed. ; Summary: Refinance reduces total housing payment by  $-XXX.00 ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312058821

245_33_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 X grade.

(2021-06-16) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312058821

245_33_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 X grade.

(2021-06-16) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312070239

251_111_18270

18270

Credit

Missing Evidence of Self Employment - Borrower 1 Schedule C Business

Borrower 1 is self-employed and is missing verification of self-employment dated within 120 prior to the Note date on the schedule C business listed in position 1 on the application.  Documentation Requirements: Allow CPA Letter or Business License or other valid verification.  Status of possible documentation for verification of self-employment:  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.   ___ ___

(2021-06-04) Lender provided VVOE with Business License, condition cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312070239

251_111_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 The Co-Borrower's income is required to be documented with a paystub and a W-2 from the prior year, or using a standard VOE.  The loan file contains a paystub and a VOE that does not include complete prior year earnings.  Copies of the Co-Borrower's XXXX W-2 or a VOE with earnings through the end of the XXXX are required to fulfill guidelines' requirements.

(2021-06-14) The Lender provided a copy of the co-borrower's 2019 W-2.  Finding has been cleared. (2021-06-07) The lender provided a copy of the WVOE, which reflected 2019-2020 income.  This meets the DU requirement of a paystub and a W-2 from prior year, or a WVOE.  The finding is cleared. (2021-06-07) The lender provided a copy of the WVOE, which reflected 2019-2020 income.  This meets the DU requirement of a paystub and a W-2 from prior year, or a WVOE.  The finding is cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312070239

251_111_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 verification of self-employment for Borrower and 2-year’s W-2’s or valid WVOE for co-borrower

(2021-06-07) AUS Standards are now met and loan meets TQM standards. The lender provided a copy of the WVOE, which reflected XXXX-XXXX income.  This meets the DU requirement of a paystub and a W-2 from prior year, or a WVOE.  The finding is cleared. (2021-06-07) The lender provided a copy of the WVOE, which reflected XXXX-XXXX income.  This meets the DU requirement of a paystub and a W-2 from prior year, or a WVOE.  The finding is cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312076458

251_14_1811

1811

Credit

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

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

(2021-05-24) Lender provided evidence of sufficient assets to close.  Documentation is deemed acceptable.  Condition is cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312084450

245_5_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.

(2021-05-18) The lender provided an updated CR and an LP with Accept/Eligible, both  dated XX/XX/XXXX.  Per XXXXXX XXX XXXXXXX XXXXX, section XXXX.X, the mortgage can can be resubmitted as the original CR was no longer accurate due to its expiration.  The updated CR meets the requirements of this section.  Per XXXXXX XXX, the loan has not been delivered to them yet.  Finding cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312084450

245_5_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 credit report is expired.

(2021-05-18) The lender provided an updated CR and an LP with Accept/Eligible, both  dated X/XX/XXXX.  Per XXXXXXX XXX XXXXXXX XXXXX, section XXXX.X, the mortgage can can be resubmitted as the original CR was no longer accurate due to its expiration.  The updated CR meets the requirements of this section.  I updated the CR date to XX/XX/XXXX (120 days prior to Note, per the GL requirement) in order to clear the finding.  Finding cleared. (2021-05-18) The lender provided an updated CR and an LP with Accept/Eligible, both  dated XX/XX/XXXX.  Per XXXXXXX XXX XXXXXXX XXXXX, section XXXX.X, the mortgage can can be resubmitted as the original CR was no longer accurate due to its expiration.  The updated CR meets the requirements of this section.  Per XXXXXXX XXX, the loan has not been delivered to them yet.  Finding cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312084450

245_5_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 X grade.

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

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312087366

251_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 X grade.

(2021-05-25) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312126003

251_183_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312126114

251_102_1175

1175

Credit

Credit score does not meet guidelines

Credit score of 707 is less than  719, the minimum credit score required per lender guidelines Lender did not use most recent credit report in the loan file.

(2021-06-04) Lender provided updated LP showing the correct FICO score, condition cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312126114

251_102_18600

18600

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,. The AUS in file expired on 3/19/21 which was prior to loan closing. Also, the FICO score listed on the credit report did not meet the FICO requirement listed on the AUS.

(2021-06-04) Lender provided updated LP showing the correct FICO score, condition cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312131646

245_32_11312

11312

Credit

DTI Exceeds Guidelines

Guidelines reflect a DTI of 44.80%. Due to a miscalculation of debts to income, the actual DTI is 45.67%. Income  used includes total borrower income $XXXX.XX plus subject property positive rental income $XXXX.XX plus other REO positive rental income $XXXX.XX. Total debt amount used is $XXXX.XX. The Loan Product Advisor reflects a maximum allowable DTI of 45%. Due to the improper calculation of debts, the actual DTI is 45.67%. The calculated consumer debt increased from $XXXX.XX to $XXXX.XX.

(2021-06-15) Per Compliance, it is acceptable to re-calculate the borrower's income as long the same income source and docs from origination are utilized.  Recalculated audit DTI to 43.49%.  The borrower's income trend supports using an average of YTD and XXXX income.  Finding cleared. (2021-05-25) Lender provided an updated 1008/1003 and LP approval at a 43% DTI.  Lender increased commission income by using YTD + prior year average.  Guidelines require that commission income be averaged over a 2 year period.  Condition remains. (2021-05-06) Lender provided updated 1008 amd 1003, but updated LP with current DTI is still required.  Finding remains.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312131646

245_32_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,. The Loan Product Advisor reflects a maximum allowable DTI of 45%. Due to the improper calculation of debts, the actual DTI is 45.67%. The calculated consumer debt increased from $XXXX.XX to $XXXX.XX.

(2021-06-15) Per Compliance, it is acceptable to re-calculate the borrower's income as long the same income source and docs from origination are utilized.  Recalculated audit DTI to 43.49%.  The borrower's income trend supports using an average of YTD and XXXX income.  Finding cleared. (2021-05-25) Lender provided an updated 1008/1003 and LP approval at a 43% DTI.  Lender increased commission income by using YTD + prior year average.  Guidelines require that commission income be averaged over a 2 year period.  Condition remains.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312131646

245_32_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 DTI exceeds the AUS requirement.

(2021-06-15) AUS Standards are now met and loan meets TQM standards. Per Compliance, it is acceptable to re-calculate the borrower's income as long the same income source and docs from origination are utilized.  Recalculated audit DTI to 43.49%.  The borrower's income trend supports using an average of YTD and XXXX income.  Finding cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312131646

245_32_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312145656

251_34_2555

2555

Compliance

RESPA: IEADS Not Accurate

RESPA: IEADS Not Accurate . The exception status is currently Acknowledged by Client. Lender used the incorrect amount of $XXXX.XX for the property taxes vs. the actual amount of $XXXX.XX.  The total monthly escrow amount should be $XXXX.XX vs. $XXXX.XX as reflected on the IEADS. This breach finding is non-material and will be rated a X grade.

(2021-05-13) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312145656

251_34_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312145773

245_34_16606

16606

Credit

Asset Verification is expired

The account statement for asset(s) identified on the application in position 1, 2, 3, 4, & 5 is dated over 120 days from the Note date XX/XX/XXXX.

(2021-05-14) Lender disputes need for asset documentation.  Review of AUS and final CD determines no asset verification is required.  Condition is cleared. (2021-05-06) The lender provided asset satements that were in file and over 120 days from note date.  Finding remains.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312145773

245_34_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  Income,. Audit calculated declining income.

(2021-05-27) Business license shows company has been in existence for over 5 years and 1 year tax return is sufficient. Condition cleared. (2021-05-06) Lender provided same AUS that was in file.  Finding remains due to expires assets and missing income documentation.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312145773

245_34_15532

15532

Credit

Missing Executed Business Returns for Corporation 1 (Borrower 3)

Borrower 3 is self-employed and is missing the executed business returns for the corporation listed in position 1 on the application. The business returns in file is Incomplete, the number of years returns are 1, and the AUS override the less than 2 year rule is No.

(2021-05-27) Business license shows company has been in existence for over 5 years and 1 year tax return is sufficient. Condition cleared. (2021-05-24) Lender provided all pages of XXXX 1120, but AUS requires 2 years of 1120.  Condition remains. (2021-05-06) Lender provided 1 year business returns in file, but AUS is requiring 2 years.  Finding Remains.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312145773

245_34_15252

15252

Credit

Missing Executed Personal Tax Returns for Borrower 3

Guidelines state: At least 2 years personal returns required.  Status of Personal Tax Return: Incomplete.  Tax Transcripts in file: Missing.  Details: Only XXXX in file- AUS requires 2 yrs for S/E < 5 years

(2021-05-27) Business license shows company has been in existence for over 5 years and 1 year tax return is sufficient. Condition cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312145773

245_34_17489

17489

Credit

Missing LOE for declining income for coborrower

Missing LOE for coborrower's declining income

(2021-05-26) Lender provided income worksheet showing they used the lower income when qualifying the co-borrower. Condition cleared. (2021-05-14) Lender disputes need for LOE as borrower qualifed on the lower income.  AUS guidelines require the use of lower income for qualification.  The decline in income is significant.  The condition remains.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312145773

245_34_15185

15185

Credit

Self Employed less than 1 year - Borrower 3 Corporation 1

Documentation provided in the loan file indicates borrower 3 is self-employed less than 1 Years in the corporation listed in position 1  on the application and therefore , does not meet the lender's applicable guidelines for self-employment.

(2021-05-27) Business license shows company has been in existence for over 5 years and 1 year tax return is sufficient. Condition cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312145773

245_34_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). File is missing executed personal and business tax returns.

(2021-05-27) AUS Standards are now met and loan meets TQM standards. (2021-05-27) Sufficient income documentation has been provided. Condition cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312145773

245_34_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 receipt of Notice of Right to Cancel for all 3 borrowers.  Condition cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312167931

251_118_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 X grade. The exception status is currently Acknowledged by Client.

(2021-06-16) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312167931

251_118_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312216411

245_36_16575

16575

Credit

HELOC Closure Letter Not Provided

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

(2021-05-11) The Lender provided a recorded Full Reconveyance letter for the borrower's paid off HELOC.  Although a HELOC close line letter is not available, the Reconveyance letter further confirms that the HELOC has been paid off and the lien is released.  Finding is cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312216411

245_36_1102

1102

Credit

Missing Permanent Resident Alien Card (Borrower 1)

Missing Permanent Resident Alien Card for Borrower 1

(2021-06-04) Permanent Resident Alien Card is Yes (2021-06-04) Lender provided a copy of Permanent resident card with Form X-XXXX, condition cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312216411

245_36_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 Closing Disclosure with final figures. Additional conditions may apply.

(2021-05-10) Received copy of complete Final Closing Disclosure.  Lender provided final CD.  Condition Cleared (2021-05-10) Lender provided final CD.  Condition Cleared

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312216411

245_36_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 verification of borrower's legal resident status as required by DU.

(2021-06-04) AUS Standards are now met and loan meets TQM standards. (2021-06-04) Lender provided a copy of Permanent resident card with Form X-XXXX, condition cleared

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312227448

245_142_5831

5831

Property

Property in Disaster Area – Property located in a FEMA declared disaster area. Inspection post incident date was not provided

Subject property is in recent disaster area and there is no post incident inspection

(2021-06-04) There was no FEMA Individual Assistance in the subject county in the past 24 months. (2021-06-04) There was no FEMA Individual Assistance in the subject county in the past 24 months.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312227448

245_142_1121

1121

Credit

FEMA: Property is in recent hazard area

The following disasters were found: -SEVERE WINTER STORM, STRAIGHT-LINE WINDS, FLOODING, LANDSLIDES, AND MUDSLIDES from XX/XX/XXXX 12:00:00 AM to XX/XX/XXXX 11:00:00 PM

(2021-06-16) There was no FEMA Individual Assistance in the subject county in the past 24 months. Condition cleared.

Cleared

1

1

A

A

A

A

A

A

A

A

A

A

312227448

245_142_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) Lender provided HELOC closure letter.  Condition cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312227448

245_142_1515

1515

Credit

Missing Documentation- Visa or Valid Passport (Borrower 1)

Missing Documentation- Visa or Valid Passport (Borrower 1) Final 1003 indicates the borrower is not a US citizen or a Permanent Resident Alien, no proof of residency in the loan file.

(2021-05-06) Lender provided X-XXXX for borrower.  Condition cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312227448

245_142_13095

13095

Credit

Missing Payoff Statement for prior loan

Missing payoff statement for prior loan. Payoff statement for the second HELOC is missing from the loan file.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312227448

245_142_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 X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312227448

245_142_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312235227

251_77_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 X grade.

(2021-05-21) This finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312235227

251_77_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312238020

251_93_455

455

Credit

Missing Final Application (1003)

A final application for the subject transaction was not provided

(2021-06-02) Credit application is Present (2021-06-02) The lender provided the final application (1003), signed and dated on XX/XX/XXXX.  Finding cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312238020

251_93_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 X grade.

(2021-05-25) This breach finding is non-material and will be rated a X grade.

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

312238020

251_93_-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. Missing Right of Rescission

(2021-06-14) The lender provided an updated CD and ALTA stmt reflecting a disb date of XX/XX/XXXX, which allows the full 3-day rescission period.  Finding cleared. (2021-06-11) The lender provided executed Right to Cancel documents, signed on XX/XX/XXXX.  This would require the disbursement date to take place no earlier than XX/XX/XXXX.  Per the final CD, the loan disbursed on XX/XX/XXXX  Requested an ALTA stmt or a wire disb sheet from the title company to show a disb date of XX/XX/XXXX, along with an updated CD.  Finding is retained. (2021-06-02) The lender provided executed Right to Cancel documents, signed on XX/XX/XXXX.  This would require the disbursement date to take place no earlier than XX/XX/XXXX.  Per the final CD, the loan disbursed on XX/XX/XXXX.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312238020

251_93_2961

2961

Compliance

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

TILA: Notice of Right to Cancel Missing

(2021-06-02) TILA: Notice of Right to Cancel Present (2021-06-02) The lender provided Right to Cancel document, signed on XX/XX/XXXX.  This would require the disbursement date to take place no earlier than XX/XX/XXXX.  Per the final CD, the loan disbursed on XX/XX/XXXX.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312260097

251_52_16923

16923

Credit

Hazard Insurance Shortfall

The hazard insurance policy in file reflected dwelling coverage of $XXXX.XX.  The loan amount is $XXXX.XX which leaves a shortage of hazard insurance coverage for  $XXXX.XX.

(2021-05-25) Lender provided acceptable evidence of adequate HOI coverage.  Condition is cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312260097

251_52_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.

(2021-06-01) lender proivded updated credit supplement to meet lender requirement.  Condition Cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312260097

251_52_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 $XXXX.XX.  The lender did not include all the consumer debts paid off at closing along with the cash in hand.

(2021-06-01) Lender provided Post Close CD to verify cash out guidelines were met.  Condition Cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312260097

251_52_18040

18040

Credit

Missing 3rd Party Verbal Verification of Employment (Borrower)

Missing 3rd Party Verbal Verification of Employment dated within 10 Business days prior to the Note date for Borrower’s job in position 1 on the application. Status of possible documentation for verification of employment:  VVOE dated more than the maximum allowable days prior to the Note date, Employment Letter Not in file, WVOE dated more than the maximum allowable days prior to the Note date. The note date is XX/XX/XXXX. There is no evidence indicating the loan had been delivered to the GSE. ___

(2021-05-25) Lender provided a VVOE for the borrower. Although the VVOE post-dates the note, the document is acceptable if the loan has not yet been delivered to XXXX/XXXXX.  Condition is cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312260097

251_52_-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).

(2021-06-11) Finding cleared

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312260097

251_52_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).

(2021-06-01) AUS Standards are now met and loan meets TQM standards.  Updated credit reoirt in file (2021-06-01) The lender provided updated credit report to meet the AUS requirement.  Condition Cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312260097

251_52_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312279726

251_41_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 X grade.

(2021-05-19) This breach finding is non-material and will be rated a X grade.

Summary: Refinance reduces rate from XX% to XX%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312295062

245_55_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 within 10 days of close.  Condition cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312295062

245_55_-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 Initial LE does not reflect Transfer Taxes, with an invalid COC on the revised initial CD incorrectly stating an increased loan amount. The Final CD reflects Transfer taxes in Section E of ($70.35) resulting in a variance of ($XXX.XX).  Provide corrected CD, evidence of Refund to the Borrower, letter of explanation and proof of delivery to the Borrower.

(2021-05-17) Lender provided COC dated XX/XX/XXXX.  Condition cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312295062

245_55_-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.

(2021-05-17) Lender provided COC dated XX/XX/XXXX.  Condition cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312295062

245_55_-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.

(2021-05-17) Lender provided COC dated XX/XX/XXXX.  Condition cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312295062

245_55_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 X grade.

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

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312295062

245_55_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 X grade.

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

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312295062

245_55_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312326436

251_72_10210

10210

Credit

Failure to obtain Title

A Copy of Title for the subject property was not provided.

(2021-05-24) Lender provided a final title policy.  Condition is cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312326436

251_72_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 X grade.

(2021-05-13) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312357993

251_39_5831

5831

Property

Property in Disaster Area – Property located in a FEMA declared disaster area. Inspection post incident date was not provided

Subject property is in recent disaster area and there is no post incident inspection

(2021-06-04) There was no FEMA Individual Assistance in the subject county in the past 24 months.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312357993

251_39_1121

1121

Credit

FEMA: Property is in recent hazard area

The following disasters were found: -SEVERE WINTER STORM, STRAIGHT-LINE WINDS, FLOODING, LANDSLIDES, AND MUDSLIDES from XX/XX/XXXX 12:00:00 AM to XX/XX/XXXX 11:00:00 PM

(2021-06-11) There was no FEMA Individual Assistance in the subject county in the past 24 months.

Summary: Refinance reduces total housing payment by  $-XXX.XX. ; Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

1

1

A

A

A

A

A

A

A

A

A

A

312357993

251_39_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312359838

251_95_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 X grade.

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

Summary: Primary borrower has XX 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

312359838

251_95_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312366474

251_70_18040

18040

Credit

Missing 3rd Party Verbal Verification of Employment (Borrower)

Missing 3rd Party Verbal Verification of Employment dated within 10 Business days prior to the Note date for Borrower’s job in position 1 on the application. Status of possible documentation for verification of employment:  VVOE dated more than the maximum allowable days prior to the Note date, Employment Letter Not in file, WVOE dated more than the maximum allowable days prior to the Note date. The note date is XX/XX/XXXX. There is no evidence indicating the loan had been delivered to the GSE. ___

(2021-06-01) The lender provided VVOE to meet AUS guideline.  Condition Cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312366474

251_70_13095

13095

Credit

Missing Payoff Statement for prior loan

Missing payoff statement for prior loan.

(2021-06-01) The lender provided payoff to meet AUS guideline.  Condition Cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312366474

251_70_1102

1102

Credit

Missing Permanent Resident Alien Card (Borrower 1)

Missing Permanent Resident Alien Card for Borrower 1

(2021-06-01) Permanent Resident Alien Card is Yes (2021-06-01) The lender provided permanent resident ID to meet AUS guideline.  Conidition Cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312366474

251_70_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 X grade.

(2021-05-20) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312366474

251_70_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312369204

251_147_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 X grade. The exception status is currently Acknowledged by Client.

(2021-06-16) This breach finding is non-material and will be rated a X grade.

Summary: Primary borrower has XX 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

312369204

251_147_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312372771

251_137_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed

(2021-05-25) This finding is non-material and will be rated a X grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312372771

251_137_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312402159

245_19_11312

11312

Credit

DTI Exceeds Guidelines

Guidelines reflect a DTI of 35.52%. Due to a miscalculation of debts to income, the actual DTI is 41.62%. Income  used includes total borrower income $XXXXX.XX plus subject property positive rental income $X.XX plus other REO positive rental income $XXXX.XX. Total debt amount used is $XXXXX.XX. Lender miscalculated B1 J1 income and B2 J1 income by adding non-recurring income vs. subtracting it. Lender did not include XXX payment for B2 primary residence. Lender did not included taxes and insurance for B1 and B2 primary housing.

(2021-05-17) Lender provided 1008 and updated DU dated XX/XX/XXXX.  No evidence of any taxes, insurance, free and clear submitted for any property.  Condition remains.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312402159

245_19_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,.

(2021-06-04) Lender provided Hazard insurance for REO 5 and REO 6, condition cleared. (2021-05-20) No evidence of insurance submitted for REO5 and REO6. No evidence of property taxes submitted for REO5.  Condition is amended and retained. (2021-05-18) The Lender provided Notes and 1st payment letters (with escrows for HOI and taxes) for REOs #5 and #6.  However, none of the other properties have verified taxes, HOI and free & clear verifications.  The finding is amended to exclude REO's #5 and #6, but is retained. (2021-05-17) Lender provided 1008 and updated DU dated XX/XX/XXXX.  No evidence of any taxes, insurance, free and clear submitted for any property.  Condition remains.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312402159

245_19_15301

15301

Credit

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

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

(2021-05-07) The lender provided a VVOE for B3.  The documentation is deemed acceptable.  Condition is cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312402159

245_19_8721

8721

Credit

Missing Evidence of Insurance for REO5

Missing Evidence of Insurance for property 5 on final application

(2021-06-04) Lender provided Hazard insurance for REO 5, conditon cleared. (2021-05-20) No evidence of insurance submitted for REO5 and REO6. Condition is amended and retained. (2021-05-17) Lender provided 1008 and updated DU dated XX/XX/XXXX.  No evidence of any insurance submitted for any property, specifically REO5.  Updated 1008 and DU does not give that information.  Condition remains (2021-05-11) Lender submitted documentation for hazard and taxes that is not for REO5 (XXXX). Condition remains.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312402159

245_19_8722

8722

Credit

Missing Evidence of Insurance for REO6

Missing Evidence of Insurance for property 6 on final application

(2021-06-04) Lender provided Hazard insurance for REO 6, condition cleared. (2021-05-20) No evidence of insurance submitted for REO5 and REO6. Condition is amended and retained. (2021-05-17) Lender provided 1008 and updated DU dated XX/XX/XXXX.  No evidence of any insurance  submitted for any property, specifically REO6.  Updated 1008 and DU does not give that information.  Condition remains (2021-05-11) Lender submitted documentation for hazard and taxes that is not for REO6 (XXXX). Condition remains.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312402159

245_19_5137

5137

Credit

Missing Evidence of Property Taxes for REO6

Evidence of property taxes for property 6  on the final application not provided.

(2021-05-21) Lender provided acceptable evidence of property taxes on REO6.  Condition is cleared. (2021-05-20) No evidence of property taxes submitted for REO6. Condition is amended and retained. (2021-05-17) Lender provided 1008 and updated DU dated 05/14/2021.  No evidence of any property taxes submitted for any property, specifically REO6.  Updated 1008 and DU does not give that information.  Condition remains. (2021-05-11) Lender submitted documentation for hazard and taxes that is not for REO6 (XXXX). Condition remains.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312402159

245_19_5132

5132

Credit

Missing Evidence that REO5 Property is Owned Free and Clear

Missing Evidence that REO5 Property is Owned Free and Clear

(2021-05-21) Lender provided acceptable evidence that REO5 is owned free and clear.  Condition is cleared. (2021-05-20) No evidence submitted that REO5 is owned free and clear.  Condition is amended and retained. (2021-05-17) Lender provided 1008 and updated DU dated XX/XX/XXXX.  No evidence of any taxes, insurance, free and clear submitted for any property, specifically REO5.  Updated 1008 and DU does not give that information.  Condition remains. (2021-05-11) Lender submitted documentation for hazard and taxes that is not for REO5 (XXXX). Condition remains.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312402159

245_19_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 B3 Verification of Employment dated within 10 days of Note.  Missing evidence of B1 & B2 primary residence housing history for new mortgage liability #1 on final applications. Missing evidence to support omission of liability #3 and #5 on B1/B2 final application. Missing evidence of housing history for new liability #2 on AUS.

(2021-06-04) AUS Standards are now met and loan meets TQM standards. (2021-06-04) Lender provided Hazard insurance for REO 5 and REO 6, condition cleared. (2021-05-20) No evidence of insurance submitted for REO5 and REO6. No evidence of property taxes submitted for REO5.  Condition is amended and retained. (2021-05-18) The Lender provided Notes and 1st payment letters (with escrows for HOI and taxes) for REOs #5 and #6.  However, none of the other properties have verified taxes, HOI and free & clear verifications.  The finding is amended to exclude REO's #5 and #6, but is retained. (2021-05-17) Lender provided 1008 and updated DU dated XX/XX/XXXX.  No evidence of any taxes, insurance, free and clear submitted for any property.  Condition remains.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312402159

245_19_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 X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312402159

245_19_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 X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312403881

245_85_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.

(2021-05-19) The lender provided an updated paystub dated XX/XX/XXX.  Finding cleared. (2021-05-07) Lender submitted VVOE for Borrower.  Condition cleared.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312403881

245_85_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 Per XXXX COVID update XX/XX/XXXX, paystubs are required to be no more than 60 days old as of note date.

(2021-05-11) Lender provided VOE without income information.  In order to meet the guideline requirement still need either a paystub within 60 days of Note, or a completed standard verification of employment form 1005.  Condition remains.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312403881

245_85_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). File is missing verbal verification of employment dated no more than 10 business days prior to the note date.

(2021-05-19) AUS Standards are now met and loan meets TQM standards. (2021-05-19) The lender provided an updated paystub dated XX/XX/XXXX.  Finding cleared. (2021-05-11) Lender provided VOE without income information.  In order to meet the guideline requirement still need either a paystub within 60 days of Note, or a completed standard verification of employment form 1005.  Condition remains.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312403881

245_85_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312419820

251_55_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed

(2021-05-18) This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312437031

251_83_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312451656

245_91_11312

11312

Credit

DTI Exceeds Guidelines

Guidelines reflect a DTI of 23.84%. Due to a miscalculation of debts to income, the actual DTI is 34.74%. Income  used includes total borrower income $XXXX.XX plus subject property positive rental income $XXXX.XX plus other REO positive rental income $XXXX.XX. Total debt amount used is $XXXX.XX. AUS in the loan file does not reflect the mortgage payment for the rental property (rental income loss) or the debt reflected on the Credit Report in the file dated XX/XX/XXXX. 34.74% Audit DTI > 23.84% DU DTI due to lender not including $XXXX.XX REO loss as reflected on final 1003 and credit report.

(2021-06-14) Lender provided an updated AUS with DTI of 36.56%. Condition cleared. (2021-06-08) The Lender provided a mortgage statement for REO1, verifying a PITI payment of $XXXX.XX, which now causes DTI to be 36.40%.  Finding is retained (2021-05-10) The Lender provided a mortgage statement for REO1, verifying a PITI payment of $XXXX.XX, which now causes DTI to be 36.40%.  Finding is retained.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312451656

245_91_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,. AUS in the loan file does not reflect the mortgage payment for the rental property (rental income loss) or the debt reflected on the Credit Report in the file dated XX/XX/XXXX. AUS is invalid and requires resubmission due to DU Income Type submitted as Base Employment Income vs actual Commission Income.  Audit DTI of 34.74% > 23.84% DU DTI due to $XXXX.XX REO loss as stated on 1003 and reflected on credit report.

(2021-06-14) Lender provided an updated AUS with DTI of 36.56%. Condition cleared. (2021-06-08) The Lender provided a mortgage statement for REO1, verifying a PITI payment of $XXXX.XX, which now causes DTI to be 36.40%.  Finding is retained. (2021-05-13) Lender provided an updated AUS/DU with DTI of 32.62%.  Audit DTI is 36.40.  Finding remains active. (2021-05-10) The Lender provided a mortgage statement for REO1, verifying a PITI payment of $XXXX.XX, which now causes DTI to be 36.40%.  Finding is retained.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312451656

245_91_1466

1466

Credit

Missing Evidence of HOA Dues for Primary Residence

Missing Evidence of XXX Dues for Primary Residence

(2021-05-13) Lender provided acceptable evidence that there are no XXX dues on the primary residence.  Condition is cleared. (2021-05-10) The lender did not provide any evidence for XXX dues on the primary residence.  The finding is retained.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312451656

245_91_1468

1468

Credit

Missing Evidence of HOA Dues for REO1

Missing Evidence of XXX Dues for REO1

(2021-05-10) The lender did not provide any evidence for XXX dues on REO1.  The finding is retained.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312451656

245_91_1454

1454

Credit

Missing Evidence of Insurance for Primary Residence

Missing Evidence of Insurance for Primary Residence

(2021-05-10) The lender provided an active HOI policy for the borrower's primary residence.  Finding cleared.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312451656

245_91_1456

1456

Credit

Missing Evidence of Insurance for REO1

Missing Evidence of Insurance for property 3 on final application

(2021-06-14) Lender provided separate hazard policy. Condition cleared. (2021-06-08) Lender provided mortgage statement with no breakdown of taxes and HOI, HOI and Taxes for primary residence, condition remains. (2021-05-10) The Lender provided a mortgage statement for REO1, which reflects an escrow payment.  However, the statement does not reflect escrow disbursements to confirm property tax and HOI amounts.  The lender did not provide evidence of actual property taxes and hazard insurance for REO1.  Finding is retained.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312451656

245_91_1451

1451

Credit

Missing Evidence of Property Taxes for Primary Residence

Missing Evidence of Property Taxes for Primary Residence

(2021-05-10) The lender provided evidence of property taxes for the borrower's primary residence.  Finding cleared.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312451656

245_91_1453

1453

Credit

Missing Evidence of Property Taxes for REO1

Evidence of property taxes for property 3  on the final application not provided.

(2021-06-14) Lender provided separate statement for taxes. Condition cleared. (2021-06-08) Lender provided mortgage statement dated XX/XX/XXXX, which shows PITI at $XXXX.XX, it does not show the breakdown for the taxes and XXX, provided Taxes and XXX for primary residence only. condition remains. (2021-05-10) The Lender provided a mortgage statement for REO1, which reflects an escrow payment.  However, the statement does not reflect escrow disbursements to confirm property tax and XXX amounts.  The lender did not provide evidence of actual property taxes and hazard insurance for REO1.  Finding is retained.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312451656

245_91_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  1 Lender qualified borrower's income utilizing commission income.  Guidelines require a completed WVOE or YTD paystub and W2 forms covering the most recent 2-year period.   Missing completed WVOE or XXXX W2.

(2021-05-10) The lender provided the borrower's XXXX W-2.  Finding cleared.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312451656

245_91_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. Missing Closing Disclosure  dated XX/XX/XXXX.

(2021-05-07) CD provided reflecting proper timing. (2021-05-07) Lender provided Initial CD, meeting the timing requirement.  Condition Cleared. (2021-05-07) Breach is non-material and will be rated a X grade

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312451656

245_91_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. Missing Closing Disclosure  dated XX/XX/XXXX.

(2021-05-07) Initial CD provided meeting appropriate timing requirements. (2021-05-07) Lender provided Initial CD, meeting the timing requirement.  Condition Cleared.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312451656

245_91_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 in the loan file does not reflect the $XXXX.XX mortgage payment for the rental property (rental income loss) or the debt reflected on the Credit Report in the file dated XX/XX/XXXX.

(2021-06-14) AUS Standards are now met and loan meets TQM standards. (2021-06-14) Lender provided the breakdown of hazard and taxes. Condition cleared. (2021-05-10) The Lender provided a mortgage statement for REO1, verifying a PITI payment of $XXXX.XX.  Finding is retained.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312451656

245_91_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 X grade.

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

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312451656

245_91_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312461877

251_7_16463

16463

Credit

Missing Secondary Valuation

The exception 'Missing Secondary Valuation' is cleared. From fields in template: CU Score Status ---- Valid CU Score CDA/Desk Review Status ---- CDA Not Required AVM Status ---- AVM not required Field Review Status ---- Field Review not required

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

Summary: Refinance reduces rate from XX% to XX%. ; Summary: Borrower has resided in current property for XX years. ; Summary: Primary borrower has XX years in field. ; Summary: Borrower has XX years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312461877

251_7_15996

15996

Credit

Transaction Ineligible

The loan is ineligible due to PIW.

(2021-06-16) This condition is not applicable and will be rescinded.

Summary: Refinance reduces rate from XX% to XX%. ; Summary: Borrower has resided in current property for XX years. ; Summary: Primary borrower has XX years in field. ; Summary: Borrower has XX years self employed.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

312461877

251_7_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312464403

251_6_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: ___

(2021-05-24) Lender provided an acceptable 4506-C.  Condition is cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312470706

251_171_17008

17008

Credit

Property Tax Assessor Number is incorrect

APN number on Appraisal, Title and Mortgage do not match.

(2021-06-04) Lender provided updated Appraisal to show correct Property Tax Assessor Identifier., condition cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312470706

251_171_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 X grade. The exception status is currently Acknowledged by Client.

(2021-06-16) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312471078

251_110_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: ___

(2021-06-04) Lender Provided final and Initial 4506-C for both borrowers, condition cleared

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312471078

251_110_937

937

Credit

Missing Final Application - Not Executed

A final application executed by the borrower(s) was not provided.

(2021-06-04) Lender provided fully executed final application, condition cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312471078

251_110_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 X grade.

(2021-05-26) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312471078

251_110_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 X grade. The exception status is currently Acknowledged by Client.

(2021-06-16) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312471078

251_110_2961

2961

Compliance

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

TILA: Notice of Right to Cancel Missing

(2021-06-04) TILA: Notice of Right to Cancel Present (2021-06-04) Lender provided NORTC signed by both borrowers, condition cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312471078

251_110_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312475854

251_180_17468

17468

Compliance

ECOA: Appraisal Not Provided to Applicant

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

(2021-06-07) The lender provided evidence of delivery of the appraisal, on XX/XX/XXXX.  Finding cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312475854

251_180_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

(2021-06-07) The lender provided evidence of delivery of the appraisal, on XX/XX/XXXX.  Finding cleared.

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

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

312475854

251_180_-96350

-96350

Compliance

Lender Credits Finding

This loan failed the initial closing disclosure lender credits finding. ( 12 CFR §1026.19(e)(3)(iv)(A) - (C), (E), (F), and (D) as amended in 2015 )The initial closing disclosure contains a credit(s) that is not an allowable redisclosure under §1026.19(e)(3)(iv).

(2021-06-11) Finding cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312494028

251_80_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 Paystubs do not reflect YTD earnings.

(2021-06-04)  Lender provided WVOE to show YTD earnings to support income from paystubs, condition cleared

Summary: Borrower has resided in current property for XX years. ; Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312494028

251_80_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 Application date is XX/XX/XXXX, missing prior year's W2.  Loan file only had XXXX W2.

(2021-06-04) Lender provided 2020 and 2019 W2s for Borrower1, condition cleared.

Summary: Borrower has resided in current property for XX years. ; Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312494028

251_80_15997

15997

Credit

Required Documentation is Missing

The loan file is missing the final, signed Closing Disclosure or Settlement Statement for the refinance of the borrower's primary residence (CD in file is not signed).

(2021-06-07) The Lender provided a final CD for both the subject 2nd home property, and the borrower's primary home refinance CD.  Finding is cleared. (2021-06-04) Lender provided the signed Final CD for primary residence, still need for signed Final CD for second home being refinanced, condition remains.

Summary: Borrower has resided in current property for XX years. ; Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312494028

251_80_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 missing:  1) prior year's W2, 2) paystub with YTD earnings, 3) final, signed CD or Settlement Statement for the refinance of the borrower's primary residence.

(2021-06-07) AUS Standards are now met and loan meets TQM standards.  The Lender provided a final CD for both the subject 2nd home property, and the borrower's primary home refinance CD.  Finding is cleared. (2021-06-07) The Lender provided a final CD for both the subject 2nd home property, and the borrower's primary home refinance CD.  Finding is cleared. (2021-06-04) Lender provided the signed CD for primary residence, 2 years of W2s for borrower1,and WVOE to show YTD earnings to support income from paystubs,  still need for signed Final CD for second home being refinanced, condition remains.

Summary: Borrower has resided in current property for XX years. ; Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312501273

251_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 X grade.

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

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312501273

251_35_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312536775

251_13_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 X grade.

(2021-05-12) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312540264

251_60_1095

1095

Credit

Insufficient Title Coverage

Title Coverage is $XXXX.XX and the Loan Amount is $XXXX.XX

(2021-06-04) The Lender provided a Supplemental Title report reflecting title coverage for a loan amount of $XXXX.XX.  Finding cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312540264

251_60_18040

18040

Credit

Missing 3rd Party Verbal Verification of Employment (Borrower)

Missing 3rd Party Verbal Verification of Employment dated within 10 Business days prior to the Note date for Borrower’s job in position 1 on the application. Status of possible documentation for verification of employment:  VVOE dated more than the maximum allowable days prior to the Note date, Employment Letter Not in file, WVOE Not in file. The note date is XX/XX/XXXX. There is no evidence indicating the loan had been delivered to the GSE. ___ VVOE was dated XX/XX/XXXX.

(2021-06-08) Lender provided 3rd Party Verbal Verification of Employment, condition cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312540264

251_60_-96366

-96366

Compliance

Charges That Cannot Increase Test

This loan failed the charges that cannot increase test.  (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $1,789.95.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). Tolerance cure of $130.60 is required for the addition of Title - Signing Fee of $130.00 and increase in the Title - Endorsement Fee from $143.25 to $143.85.  Both fees were paid to an affiliate of the Lender.   Provide corrected CD, evidence of Refund to the Borrower, letter of explanation and proof of delivery to the Borrower.

(2021-06-14) The Lender provided a corrected CD, Letter of Explanation to the Borrower, reimbursement amount of $XXX and proof of delivery.   Condition Cleared.

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

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

312540264

251_60_-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. Tolerance cure of $X,XXX.XX is required for the addition of Title - Signing Fee of $X,XXX.XX and increase in the Title - Endorsement Fee from $X,XXX.XX to $X,XXX.XX.  Both fees were paid to an affiliate of the Lender.   Provide corrected CD, evidence of Refund to the Borrower, letter of explanation and proof of delivery to the Borrower.

(2021-06-14) The Lender provided a corrected CD, Letter of Explanation to the Borrower, reimbursement amount of $XXX and proof of delivery.   Condition Cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312540264

251_60_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 3rd party verbal verification dated within 10 business days prior to Note date.

(2021-06-08) AUS Standards are now met and loan meets TQM standards. (2021-06-08) Lender provided VVOE, condition cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312540264

251_60_-96362

-96362

Compliance

Reimbursement Amount Test

This loan failed the reimbursement amount test.  (12 CFR §1026.19(f)(2)(v))Amounts paid by the consumer exceed the permitted tolerances and the provided reimbursement amount of $XXXX.XX, is not sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $XXXX.XX.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.

(2021-06-16) The Lender provided a corrected CD, Letter of Explanation to the Borrower, reimbursement amount of $XXXX.XX and proof of delivery.   Condition Cleared.

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

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

312540264

251_60_-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. Tolerance cure of $XXX.XX is required for the addition of Title - Signing Fee of $XXXX.XX and increase in the Title - Endorsement Fee from $XXXX.XX to $XXXX.XX.  Both fees were paid to an affiliate of the Lender.   Provide corrected CD, evidence of Refund to the Borrower, letter of explanation and proof of delivery to the Borrower.

(2021-06-14) The Lender provided a corrected CD, Letter of Explanation to the Borrower, reimbursement amount of $XXXX.XX and proof of delivery.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312540264

251_60_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312550479

251_81_16575

16575

Credit

HELOC Closure Letter Not Provided

The Borrower Authorization to Close Out Home Equity Line of Credit (HELOC) was not provided. Lender provided the signed and dated HELOC Closure Letter.  Condition Cleared.

(2021-06-16) Lender provided the signed and dated HELOC Closure Letter.  Condition Cleared.

Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312550479

251_81_10285

10285

Credit

Incomplete AUS Results

AUS Results are incomplete. 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 an incorrect loan amount.

(2021-06-15) Lender provided corrected AUS with correct loan amount of $XXXX.XX.  Condition Cleared. (2021-05-25) 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 an incorrect loan amount.

Summary: Refinance reduces rate from XX% to XX%.

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

312550479

251_81_18040

18040

Credit

Missing 3rd Party Verbal Verification of Employment (Borrower)

Missing 3rd Party Verbal Verification of Employment dated within 10 Business days prior to the Note date for Borrower’s job in position 1 on the application. Status of possible documentation for verification of employment:  VVOE dated more than the maximum allowable days prior to the Note date, Employment Letter Not in file, WVOE dated more than the maximum allowable days prior to the Note date. The note date is XX/XX/XXXX. There is no evidence indicating the loan had been delivered to the GSE. ___

(2021-06-15) Lender provided a WVOE dated XX/XX/XXXX to clear missing 3rd Party Verbal Verification of Employment for the Borrower.  Condition Cleared.

Summary: Refinance reduces rate from XX% to XX%.

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

312550479

251_81_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.

(2021-06-15) Lender provided the signed and dated 4506-C.  Condition Cleared.

Summary: Refinance reduces rate from XX% to XX%.

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

312550479

251_81_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. No copy of initial CD in file.

(2021-06-15) Change status of 'Initial Closing Disclosure timing requirement not met' from Cured Post Close to Cleared. Lender provided the inital CD dated XX/XX/XXXX and Tracking Disclosure Summary reflecting Borrower e-signed on XX/XX/XXXX.  Condition cleared. (2021-06-15) Lender provided the inital CD dated XX/XX/XXXX and Tracking Disclosure Summary reflecting Borrower e-signed on XX/XX/XXXX.  Condition cleared. (2021-05-25) No copy of initial CD in file.

Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312550479

251_81_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. No copy of initial CD in file.

(2021-06-15) Change status of 'Initial Closing Disclosure timing requirement not met - missing consummation date' from Cured Post Close to Cleared. Lender provided the inital CD dated XX/XX/XXXX and Tracking Disclosure Summary reflecting Borrower e-signed on XX/XX/XXXX.  Condition cleared. (2021-06-15) Lender provided the inital CD dated XX/XX/XXXX and Tracking Disclosure Summary reflecting Borrower e-signed on XX/XX/XXXX.  Condition cleared. (2021-05-25) No copy of initial CD in file.

Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312550479

251_81_-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.

(2021-06-16) Sufficient documentation provided. Condition cleared.

Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312550482

251_62_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 X grade.

(2021-05-13) This breach finding is non-material and will be rated a X grade.

Summary: Primary borrower has XX 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

312557343

251_9_1175

1175

Credit

Credit score does not meet guidelines

Credit score of 682 is less than  707, the minimum credit score required per lender guidelines Audit value based on the mid-score from the credit report in file

(2021-05-26) Lender provided updated credit report, condition cleared

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312557343

251_9_11312

11312

Credit

DTI Exceeds Guidelines

Guidelines reflect a DTI of 35.94%. Due to a miscalculation of debts to income, the actual DTI is 45.64%. Income  used includes total borrower income $14434.70 plus subject property positive rental income $0.00 plus other REO positive rental income $0.00. Total debt amount used is $XXXX.XX The AUS reflects a maximum allowable DTI of 35.94%.  Due to the improper calculation of debts, the actual DTI is 45.64%. Audit based DTI on the debts from the credit report in the file which totaled $XXXX.XX, the lender used $XXXX.XX in all other monthly payments.

(2021-06-01) DTI Exceeds finding is cleared based on an updated DU, dated XX/XX/XXXX, with a grade of Approve/Eligible.  Audit DTI = 45.75% which is < max DTI of 50%, per DU. (2021-06-01) DTI Exceeds finding is cleared based on an updated DU, dated XX/XX/XXXX, with a grade of Approve/Eligible.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312557343

251_9_18600

18600

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, FICO,.

(2021-06-01) Invalid AUS finding is cleared based on an updated DU, dated XX/XX/XXXX, with a grade of Approve/Eligible.  Audit DTI = 45.75% which is < max DTI of 50%, per DU. (2021-06-01) Invalid AUS finding is cleared based on an updated DU, dated XX/XX/XXXX, with a grade of Approve/Eligible, and a DTI of 45.47%.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312557343

251_9_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: ___

(2021-05-26) Lender Provided 4506-T, condition cleared (2021-05-26) Lender provided 4506-T. condition cleared

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312557343

251_9_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 DTI > 43%.

(2021-05-26) AUS Standards are now met and loan meets TQM standards. (2021-05-26) Lender provided the 4506T and updated credit report, condition cleared

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312560895

251_196_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312567570

251_38_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 X grade.

(2021-05-21) This finding is deemed non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312567570

251_38_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312574956

251_50_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. Missing evidence of borrower receipt of Initial Closing Disclosure 3 business days prior to consummation. The initial Closing Disclosure is dated XX/XX/XXXX and the date of consummation is XX/XX/XXXX. When factoring mailbox rule/presumed receipt, the timing requirement to consummation is not met.  No cure.

(2021-05-24) CD provided reflecting proper timing. (2021-05-24) Upon further review of file, the lender disclosure tracking reflects lender met 3 business day requirement. Condition Cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312574956

251_50_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.

(2021-05-24) Initial CD provided meeting appropriate timing requirements. (2021-05-24) Upon further review of file, the lender disclosure tracking reflects lender met 3 business day requirement. Condition Cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312578280

251_4_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: ___

(2021-06-02) Lender provided the missing 4506-T.  Condition cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312578280

251_4_1540

1540

Credit

Missing Rental Income Documentation for REO1

Missing Rental Income Documentation for REO1. The required documentation is: signed federal tax return and Schedule E. The missing documentation is: signed federal tax return and Schedule E XXXX 1040's in file are not signed by borrower

(2021-06-14) The Lender provided signed 2019 1040's.  Finding cleared. (2021-06-02) The lender provided a copy of the unsigned XXXX 1040's.  Per XXXXXXX XXX XXXXXXX, section XXXX.X (a), the tax returns must be signed and include all schedules. In lieu of a signature on the 1040's, evidence of e-filing (signed form 8879, IRS e-file sig auth), or tax transcripts are acceptable.  The 1040's are unsigned and the file does not contain any of the alternative docs.  Condition is retained. (2021-05-24) Lender provided complete XXXX 1040's.  However, guidelines require the tax returns be executed by both borrowers.  Condition remains.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312578280

251_4_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 X grade.

(2021-05-18) This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312578280

251_4_2965

2965

Compliance

TILA: NORTC Alterations not Initialed

TILA: NORTC Alterations Not Initialed by one or more borrowers/vested parties.

(2021-05-24) TILA: NORTC Alterations Initialed by all borrowers/vestied parties.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312578280

251_4_2961

2961

Compliance

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

TILA: Notice of Right to Cancel Missing

(2021-05-24) TILA: Notice of Right to Cancel Present (2021-05-24) Lender provided acceptable Notices of Right to Cancel.  This condition is cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312582192

251_107_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 X grade. The exception status is currently Acknowledged by Seller.

(2021-06-16) This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312582192

251_107_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312585300

245_138_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) Lender provided VVOE.  Condition cleared. (2021-05-12) The Lender provided a revised 1003, where the co-borrower's employment information was removed and replaced with "XXX," although the borrower's qualifying income was retained.  Per the original LP, the co-borrower's verified income was used to qualify and the resulting DTI was 43%.  The lender did not provide a VVOE for the co-borrower.  The finding is retained. (2021-05-10) Lender provided VVOE for Borrower, not Co-Borrower. Condition remains.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312585300

245_138_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. The loan file is missing evidence of receipt of the intial CD therefore the mailbox rule was applied.

(2021-05-07) CD provided reflecting proper timing. (2021-05-07) Lender submitted disclosure tracking meeting timing requirement.  Condition cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312585300

245_138_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 intial CD therefore the mailbox rule was applied.

(2021-05-07) Initial CD provided meeting appropriate timing requirements. (2021-05-07) Lender submitted tracking disclosure meeting timing requirement.  Condition cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312585300

245_138_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 X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312585300

245_138_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 X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312585300

245_138_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 X grade.

(2021-05-07) RESPA: Servicing Disclosure Statement not required on TRID as is on LE.  Condition rescinded. (2021-05-07) (2021-05-04) This breach finding is non-material and will be rated a X grade.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

312585300

245_138_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 for each borrower.  Condition cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312588573

251_40_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: ___

(2021-06-04) Lender provided 4506-C  signed by both borrowers, condition cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312588573

251_40_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: ___

(2021-06-04) Lender provided Third party fraud report, condition cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312588573

251_40_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 missing 4506-T.

(2021-06-04) AUS Standards are now met and loan meets TQM standards. (2021-06-04) Lender provided signed 4506-C for both borrowers and fraud report, condition cleared. (2021-05-19) Loan is failing to meet Temporary Qualified Mortgage (TQM) standards due to missing 4506-T.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312589599

251_8_15996

15996

Credit

Transaction Ineligible

Transaction is ineligible due to PIW. . The exception status is currently Acknowledged by Client. This breach finding is non-material and will be rated a X grade.

(2021-05-17) This breach is not applicable and will be rescinded. (2021-05-14) This breach finding is non-material and will be rated a X grade.

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

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

312589599

251_8_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312589644

251_30_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 X grade.

(2021-05-13) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312589644

251_30_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312596094

251_31_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 X grade.

(2021-05-18) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312596094

251_31_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312597633

251_143_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 X grade. The exception status is currently Acknowledged by Client.

(2021-06-16) This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312598542

251_59_18249

18249

Credit

Missing Evidence of Self Employment - Borrower 1 S Corporation

Borrower 1 is self-employed and is missing verification of self-employment dated within 20 prior to the Note date on the S corporation listed in position 1 on the application.  Documentation Requirements: Allow CPA Letter or Business License or other valid verification.  Status of possible documentation for verification of self-employment:  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.   There is no evidence indicating the loan had been delivered to the GSE. ___

(2021-06-04) Lender provided other form of verification of XXX through Written Verification of employment showing part of commission income being made from XX/XX/XXXX to XX/XX/XXXX as independent contractor, condition cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312598542

251_59_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 B1_SC1_ID_On_Application on the application.   Profit & Loss in File:  No Profit & Loss statement dated XX/XX/XXXX is more than 60 days prior to the Note date.  Additional conditions may apply (i.e. corresponding bank statements to support P&L).

(2021-06-04) Lender provided Profit & Loss from XX/XX/XXXX to XX/XX/XXXX, condition cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312598542

251_59_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 TQM due to:  1) Missing verification of self-employment and 2) Profit & Loss dated more than 60 days prior to the Note.

(2021-06-04) AUS Standards are now met and loan meets TQM standards. (2021-06-04) Lender provided P&L from XX/XX/XXXX to XX/XX/XXXX and Written Verification of Employment as XXXX, condition cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312598542

251_59_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 X grade The exception status is currently Acknowledged by Seller. .

(2021-06-16) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312605175

251_149_18600

18600

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 ___. AUS was submitted as R/T refinance. Borrower received > $2000 back at closing

(2021-06-11) Per XXXXXX, max C/O on R/T refi is the greater of 1% of the new refinance Mortgage (here, $XXXX.XX) or $XXXX.XX.  So, max C/O = $XXXX.XX.  Per PCCD, cash to borrower was $XXXX.XX. LP reflects R/T refi as loan purpose, so max c/o of $XXXX.XX was not exceeded.  Finding cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312607449

251_158_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312610776

251_162_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 X grade. The exception status is currently Acknowledged by Client.

(2021-06-16) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312610776

251_162_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312610917

251_87_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing

(2021-05-13) This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312610917

251_87_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed

(2021-05-13) This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312616257

251_186_11312

11312

Credit

DTI Exceeds Guidelines

Guidelines reflect a DTI of 29.00%. Due to a miscalculation of debts to income, the actual DTI is 36.79%. Income  used includes total borrower income $XXXX.XX plus subject property positive rental income $XXXX.XX plus other REO positive rental income $XXXX.XX. Total debt amount used is $XXXX.XX. The lender calculated the bonus and commission income based on YTD only, audit calculated based on YTD plus most recent 2 years.

(2021-06-10) The lender provided an updated LP with income of $XXXX.XX and total debt of $XXXX.XX, for a qualifying DTI of 35%.  Finding cleared. (2021-06-08) Lender provided Loan Income Verification and WVOE dated XX/XX/XXXX, which is supplied in the file, Based on the WVOE Base income $XXXX.XX, Commission $XXXX.XX, and Bonus $XXXX.XX on overall average of the YTD and 2 years, which is required by XXXXXXXX Guidelines, with the income at $XXXX.XX vs. $XXXX.XX submitted, Letter from the Borrowers stating XXX $XXX.XX, which was not included in the DTI of 29.40, DTI ends at 35.43. Condition remains.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312616257

251_186_18600

18600

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, Subject PITI, Income,.

(2021-06-14) The lender provided an updated LP with PITI of $XXXX.XX, which includes the XXX of $XXXX.XX.  Finding cleared. (2021-06-10) The lender provided an updated LP with PITI of $XXXX.XX, which excludes XXX dues of $XXXX.XX/mth, as per the borrower's LOE in file, which states  that "The XXX fees for the home are $XXXX.XX per month."  Please provide an updated LP which includes the XXX dues and which reflects a PITI of $XXXX.XX.  Finding is retained. (2021-06-08) Lender provided Loan Income Verification and WVOE dated XX/XX/XXXX, which is supplied in the file, Based on the WVOE Base income $XXXX.XX, Commission $XXXX.XX, and Bonus $XXXX.XX on overall average of the YTD and 2 years, which is required by XXXXXX Guidelines, with the income at $XXXX.XX vs. $XXXX.XX submitted, Letter from the Borrowers stating XXX $XXXX.XX, which was not included in the DTI of 29.40, DTI ends at 35.43. Condition remains.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312616257

251_186_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: ___

(2021-06-08) Lender provided signed 4506T for both borrowers, condition cleared

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312616257

251_186_1135

1135

Credit

Open Collection Account

There are open Collection items which have yet to be paid. Form : Collections and Judgments

(2021-06-08) Lender provided credit report to show collection account is medical, which is not required to be paid off, condition cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312616257

251_186_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312620355

245_153_1095

1095

Credit

Insufficient Title Coverage

Title Coverage is $XXXX.XX and the Loan Amount is $XXXX.XX

(2021-05-10) Lender provided final title policy with accurate loan amount.  Condition cleared. (2021-05-06) The Lender provided the same HOI binder as in the loan file, which reflects sufficient home replacement cost of 150% to cover the subject loan amount.  However, no document was provided for a higher title policy coverage, which was the actual exception.  Finding is retained.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312620355

245_153_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  Income, Other Debt,. Missing 2020 W2s.  Additionally, AUS Credit and Liabilities Messages, code FCL0323 states "Installment debt(s) have been submitted with no payment.  Include the payment and resubmit to Loan Product Advisor.  For student loans in repayment, deferment or forbearance, use the credit report if the monthly payment is greater than zero.  If the monthly payment is zero, use 0.50% of the oustanding balance to calculate the payment amount. "  The Lender did not include a payment for all the student loans.

(2021-05-21) Lender provided XXXX W-2 's for the borrowers.  Condition is cleared. (2021-05-11) The Lender provided a corrected 1003 and an updated LP, which include 5 student loans with payments estimated at 0.5% of the balance.  Updated LP reflects an Accept/Eligible grade. However, the XXXX W-2's are still missing.  Finding is updated and retained.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312620355

245_153_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  ___ The AUS required W2 for the most recent calendar year.  Application date is XX/XX/XXXX and loan file contained only the XXXX/XXXX.  Provide XXXX W-2(s) for the Borrower.

(2021-05-21) Lender provided a W-2 for the borrower.  Condition is cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312620355

245_153_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 The AUS required W2 for the most recent calendar year.  Application date is XX/XX/XXXX and loan file contained only the XXXX/XXXX W2s.  Provide XXXX W-2(s) for the Co-Borrower.

(2021-05-21) Lender provided a W-2 for the borrower.  Condition is cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312620355

245_153_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 XXXX W2s and lender did not include a payment for all student loan debts.

(2021-05-21) AUS Standards are now met and loan meets TQM standards.  The Lender provided a corrected 1003 and an updated LP, which include 5 student loans with payments estimated at 0.5% of the balance.  Update LP reflects an Accept/Eligible grade.  Finding cleared.  See the K drive folder. (2021-05-21) Lender provided W-2's for the borrowers.  Condition is cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312620355

245_153_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 X grade.

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

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312620355

245_153_2598

2598

Compliance

RESPA: Servicing Transfer Notice Missing

RESPA: Servicing Transfer Notice Missing . The exception status is currently Acknowledged by Client.

(2021-06-16) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312620355

245_153_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312620358

251_184_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312630567

251_161_18049

18049

Credit

Missing 3rd Party Verbal Verification of Employment (CoBorrower)

Missing 3rd Party Verbal Verification of Employment dated within 10 Business days prior to the Note date for CoBorrower’s job in position 1 on the application. Status of possible documentation for verification of employment:  VVOE Not in file, Employment Letter Not in file, WVOE dated more than the maximum allowable days prior to the Note date. The note date is XX/XX/XXXX. There is no evidence indicating the loan had been delivered to the GSE. ___

(2021-06-04) Lender provided 3rd Party Verbal Verification of Employment (CoBorrower), condition cleared.

Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%. ; Summary: Primary borrower has XX years in field. ; Summary: Refinance reduces total housing payment by  $X,XXX.XX.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312630567

251_161_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). Please provide VVOE for CB within 10 days of note date.

(2021-06-04) AUS Standards are now met and loan meets TQM standards. (2021-06-04) Lender provided 3rd Party Verbal Verification of Employment (CoBorrower), condition cleared. (2021-06-01) Please provide VVOE for CB within 10 days of note date.

Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%. ; Summary: Primary borrower has XX years in field. ; Summary: Refinance reduces total housing payment by  $X,XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312630567

251_161_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 X grade. The exception status is currently Acknowledged by Client.

(2021-06-16) This breach finding is non-material and will be rated a X grade.

Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%. ; Summary: Primary borrower has XX years in field. ; 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

312630567

251_161_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312637788

251_191_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312637881

251_37_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 X grade.

(2021-05-18) This breach finding is non-material and will be rated a X 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

312643359

251_16_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: ___

(2021-06-04) Lender provided signed 4506-C by both borrowers, condiiton cleared

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312643359

251_16_1456

1456

Credit

Missing Evidence of Insurance for REO1

Missing Evidence of Insurance for property 1 on final application

(2021-06-04) Lender provided Hazard Insurance for REO1, condition cleared

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312643359

251_16_1453

1453

Credit

Missing Evidence of Property Taxes for REO1

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

(2021-06-04) Lender provided Property taxes for REO1, condition cleared

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312643359

251_16_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 X grade.

(2021-05-12) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312644115

251_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 X grade.

(2021-05-12) This breach finding is non-material and will be rated a X grade.

Summary: Primary borrower has XX years in field. ; Summary: Refinance reduces total housing payment by  $X,XXX.XX. ; Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Refinance reduces rate from XX% to XX%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312644115

251_26_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312650961

251_148_11312

11312

Credit

DTI Exceeds Guidelines

Guidelines reflect a DTI of 32.00%. Due to a miscalculation of debts to income, the actual DTI is 55.66%. Income  used includes total borrower income $14589.05 plus subject property positive rental income $X,XXX.XX plus other REO positive rental income $X,XXX.XX. Total debt amount used is $X,XXX.XX. The AUS reflects a maximum allowable DTI of 32%.  Due to the improper calculation of income, the actual DTI is 55.66%. The lender used $X,XXX.XX for the self-employment income, based on the documentation in the file audit calculated at $X,XXX.XX.

(2021-06-10) The REO income has been recalculated and the resulting DTI is < max DTI.  Finding cleared.

Summary: Refinance reduces total housing payment by  $X,XXX.XX. ; Summary: Primary borrower has XX years in field. ; Summary: Borrower has XX years self employed. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312650961

251_148_18600

18600

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,.

(2021-06-10) The REO income has been recalculated and the resulting DTI is < max DTI.  The lender also provided  an updated Accept/Eligibnle LP with a max DTI of 42%.  Finding cleared.

Summary: Refinance reduces total housing payment by  $X,XXX.XX. ; Summary: Primary borrower has XX years in field. ; Summary: Borrower has XX years self employed. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312650961

251_148_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 B1_SC1_ID_On_Application on the application.   Profit & Loss in File:  Not Executed

(2021-06-11) The XXXX and XXXX YTD P&L's are in the loan file.  LP does not require the P&L to be executed. Finding cleared.

Summary: Refinance reduces total housing payment by  $X,XXX.XX. ; Summary: Primary borrower has XX years in field. ; Summary: Borrower has XX years self employed. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312650961

251_148_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 DTI.

(2021-06-10) AUS Standards are now met and loan meets TQM standards. The REO income has been recalculated and the resulting DTI is < max DTI.  The lender also provided  an updated Accept/Eligibnle LP with a max DTI of 42%.  Finding cleared. (2021-06-10) The REO income has been recalculated and the resulting DTI is < max DTI.  The lender also provided  an updated Accept/Eligibnle LP with a max DTI of 42%.  Finding cleared.

Summary: Refinance reduces total housing payment by  $X,XXX.XX. ; Summary: Primary borrower has XX years in field. ; Summary: Borrower has XX years self employed. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312651282

251_47_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 X grade.

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

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312655674

251_23_1811

1811

Credit

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

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

(2021-06-14) The lender provided a more recent bank stmt which verifies sufficient assets to meet the requirements.  Funding cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312655674

251_23_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312655872

251_46_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: ___

(2021-06-02) The lender provided a signed 4506-T.  Finding cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312655872

251_46_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 failing to meet Temporary Qualified Mortgage (TQM) due to missing 4506-T.

(2021-06-02) AUS Standards are now met and loan meets TQM standards.  The lender provided a signed 4506-T.  Finding cleared. (2021-06-02) The lender provided a signed 4506-T.  Finding cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312655872

251_46_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 X grade.

(2021-05-19) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312655872

251_46_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312659250

251_175_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312663060

251_100_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: ___

(2021-06-04) Lender provided signed 4506-C, condition cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312663060

251_100_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 4506-T.

(2021-06-04) AUS Standards are now met and loan meets TQM standards. (2021-06-04) Lender provided signed 4506-C, condition cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312663060

251_100_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 X grade.

(2021-05-26) This finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312665067

251_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 X grade.

(2021-05-17) This breach finding is non-material and will be rated a X grade.

Summary: Refinance reduces total housing payment by  $X,XXX.XX. ; Summary: Primary borrower has XX years in field. ; Summary: Refinance reduces rate from XX% to XX%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312665067

251_45_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 X grade.

(2021-05-17) This breach finding is non-material and will be rated a X grade.

Summary: Refinance reduces total housing payment by  $X,XXX.XX. ; Summary: Primary borrower has XX years in field. ; Summary: Refinance reduces rate from XX% to XX%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312668478

251_15_15997

15997

Credit

Required Documentation is Missing

The loan file is missing executed lease agreement for REO #2 reflected on the loan application (1003).

(2021-05-26) Lender provided executed lease agreement, condition cleared

Summary: Refinance reduces total housing payment by  $X,XXXX.XX. ; Summary: Primary borrower has XX years in field. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312668478

251_15_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). The loan file is missing executed lease agreement for REO #2 reflected on the loan application (1003).

(2021-05-26) AUS Standards are now met and loan meets TQM standards. (2021-05-26) Lender provided executed lease agreement, condition cleared

Summary: Refinance reduces total housing payment by  $X,XXX.XX. ; Summary: Primary borrower has XX years in field. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312668478

251_15_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 X grade.

(2021-05-12) This breach finding is non-material and will be rated a X grade.

Summary: Refinance reduces total housing payment by  $X,XXX.XX. ; Summary: Primary borrower has XX years in field. ; Summary: Refinance reduces rate from XX% to XX%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312669165

251_153_4380

4380

Credit

Gift Documentation Incomplete (1)

Guidelines require a signed gift letter from the donor specifying the following:  (1) the specific dollar amount of the gift and the date the funds were transferred to the borrower, (2)donor’s name, address, telephone number and the relationship to the borrower and (3) the donor’s statement that no repayment is expected.  The gift documentation is incomplete for the gift funds listed on the final application on line 2, for the following reason: Missing verification of donor gift funds

(2021-06-04) Lender provided proof the gift funds were wired to title company, condition cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312669165

251_153_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 verification of donor's gift funds.

(2021-06-04) AUS Standards are now met and loan meets TQM standards. (2021-06-04) Lender provided proof the gift funds were wired to title company, condition cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312670752

251_56_18040

18040

Credit

Missing 3rd Party Verbal Verification of Employment (Borrower)

Missing 3rd Party Verbal Verification of Employment dated within 10 Business days prior to the Note date for Borrower’s job in position 1 on the application. Status of possible documentation for verification of employment:  VVOE dated more than the maximum allowable days prior to the Note date, Employment Letter Not in file, WVOE dated more than the maximum allowable days prior to the Note date. The note date is XX/XX/XXXX. There is no evidence indicating the loan had been delivered to the GSE. ___

(2021-06-04) Lender provided 3rd Party Verbal Verification of Employment, condition cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312670752

251_56_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: ___

(2021-06-04) Lender provided signed 4506-C, condition cleared

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312670752

251_56_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 X grade.

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

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312670752

251_56_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312677691

251_151_-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 on CD dated XX/XX/XXXX is $X,XXX.XX. LE dated XX/XX/XXXX lists fee as $X,XXX.XX. This fee is in a 0% tolerance section. Lender tolerance cure of $X,XXX.XX is required.  Section J reflects $X,XXX.XX tolerance cure that is insufficient ($X,XXX.XX was cure for notary fee).  Provide corrected CD, evidence of Refund to the Borrower, letter of explanation and proof of delivery to the Borrower.

(2021-06-08) Lender provided Post- CD with refund check of $X,XXX.XX, condition cleared (2021-06-01) Appraisal Fee on CD dated XX/XX/XXXX is $X,XXX.XX. LE dated XX/XX/XXXX lists fee as $X,XXX.XX. This fee is in a 0% tolerance section. Lender tolerance cure of $X,XXX.XX is required.  Section J reflects $X,XXX.XX tolerance cure that is insufficient ($X,XXX.XX was cure for notary fee).  Provide corrected CD, evidence of Refund to the Borrower, letter of explanation and proof of delivery to the Borrower.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312677691

251_151_-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 $X,XXX.XX, is sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $X,XXX.XX.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. Appraisal Fee on CD dated XX/XX/XXXX is $X,XXX.XX. LE dated XX/XX/XXXX lists fee as $X,XXX.XX. This fee is in a 0% tolerance section. Lender tolerance cure of $X,XXX.XX is required.  Section J reflects $X,XXX.XX tolerance cure that is insufficient ($X,XXX.XX was cure for notary fee).  Provide corrected CD, evidence of Refund to the Borrower, letter of explanation and proof of delivery to the Borrower.

(2021-06-08) Lender provided Post- CD with refund check of $X,XXX.XX, condition cleared

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312685614

251_119_18040

18040

Credit

Missing 3rd Party Verbal Verification of Employment (Borrower)

Missing 3rd Party Verbal Verification of Employment dated within 10 Business days prior to the Note date for Borrower’s job in position 1 on the application. Status of possible documentation for verification of employment:  VVOE dated more than the maximum allowable days prior to the Note date, Employment Letter Not in file, WVOE dated more than the maximum allowable days prior to the Note date. The note date is XX/XX/XXXX. There is no evidence indicating the loan had been delivered to the GSE. ___

(2021-06-04) Lender provided 3rd Party Verification of Employment, condition cleared

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312685614

251_119_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).

(2021-06-04) AUS Standards are now met and loan meets TQM standards. (2021-06-04) Lender provided 3rd Party Verification of Employment, condition cleared

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312690678

251_96_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. Missing evidence of borrower receipt of Initial Closing Disclosure 3 business days prior to consummation. The initial Closing Disclosure is dated XX/XX/XXXX. When factoring mailbox rule/presumed receipt, the timing requirement to consummation is not met.  No cure.

(2021-06-01) CD provided reflecting proper timing. (2021-06-01) Lender provided a Disclosure Tracking sheet which indicates that the initial CD was received on XX/XX/XXXX, which was 3 days ahead of the consummation date of XX/XX/XXXX.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312690678

251_96_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.

(2021-06-01) Initial CD provided meeting appropriate timing requirements. (2021-06-01) Lender provided a Disclosure Tracking sheet which indicates that the initial CD was received on XX/XX/XXXX, which was 3 days ahead of the consummation date of XX/XX/XXXX.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312690678

251_96_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

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

(2021-06-16) This finding is deemed non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312690678

251_96_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312691581

251_5_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: ___

(2021-05-25) Lender provided an acceptable 4506-C.  Condition is cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312691581

251_5_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 X grade.

(2021-05-12) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312709719

251_176_1126

1126

Credit

CLTV exceeds guidelines

Lender guidelines requires a maximum CLTV of 69.99%.  However, the current CLTV of the subject is 70.00%. The appraisal or sales price value used was $X,XXX.XX having a loan purpose of  Refinance-CashOut.

(2021-06-11) Subject CLTV matches guideline CLTV.  Difference was due to rounding.  Finding cleared.

Summary: Coborrower has XX years in field. ; Summary: Borrower has resided in current property for XX years. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312709719

251_176_18600

18600

Credit

Invalid AUS

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

(2021-06-10) Finding fired in error.  Finding cleared.

Summary: Coborrower has XX years in field. ; Summary: Borrower has resided in current property for XX years. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312709719

251_176_1120

1120

Credit

LTV exceeds guidelines

Lender guidelines requires a maximum LTV of 69.99%.  However, the current LTV of the subject is 70.00%. The appraisal or sales price value used was $X,XXX.XX  having a loan purpose of  Refinance-CashOut.

(2021-06-11) Subject LTV matches guideline LTV.  Difference was due to rounding.  Finding cleared.

Summary: Coborrower has XX years in field. ; Summary: Borrower has resided in current property for XX years. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312709719

251_176_18040

18040

Credit

Missing 3rd Party Verbal Verification of Employment (Borrower)

Missing 3rd Party Verbal Verification of Employment dated within 10 Business days prior to the Note date for Borrower’s job in position 1 on the application. Status of possible documentation for verification of employment:  VVOE Not in file, Employment Letter dated more than the maximum allowable days prior to the Note date, WVOE Not in file. The note date is XX/XX/XXXX. ___ ___

(2021-06-10) The lender provided VVOE's for both borrowers, both dated XX/XX/XXXX.  Finding cleared. (2021-06-08) Lender provided the same employer letter dated XX/XX/XXXX, which is not within the 10 days needed to removed finding, condition remains.

Summary: Coborrower has XX years in field. ; Summary: Borrower has resided in current property for XX years. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312709719

251_176_1137

1137

Credit

Missing 4506-T

Missing 4506T for borrower(s) on loan.  Total number Borrowers is  2  Borrower: Yes CoBorrower: Final Only Borrower 3: ___ Borrower 4: ___

(2021-06-10) The lender provided a signed 4506-T, dated XX/XX/XXXX, which is the same as the note date.  The LP requires "Signed IRS Form 4506: Any borrower whose income is used to qualify is required to sign IRS Form 4506 no later than the note date."  Finding cleared.

Summary: Coborrower has XX years in field. ; Summary: Borrower has resided in current property for XX years. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312709719

251_176_932

932

Credit

Missing AUS results

Missing AUS results.

(2021-06-08) Lender Provided AUS/LP, condition cleared.

Summary: Coborrower has XX years in field. ; Summary: Borrower has resided in current property for XX years. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312709719

251_176_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

(2021-06-08) AVM has been provided. Condition cleared.

Summary: Coborrower has XX years in field. ; Summary: Borrower has resided in current property for XX years. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312709719

251_176_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.

(2021-06-07) CD provided reflecting proper timing. (2021-06-07) The lender provided a Disclosure tracking form, which cleared the finding.

Summary: Coborrower has XX years in field. ; Summary: Borrower has resided in current property for XX years. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312709719

251_176_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.

(2021-06-07) Initial CD provided meeting appropriate timing requirements. (2021-06-07) The lender provided a Disclosure tracking form, which cleared the finding.

Summary: Coborrower has XX years in field. ; Summary: Borrower has resided in current property for XX years. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312709719

251_176_-96351

-96351

Compliance

Lender Credits Finding

This loan failed the revised loan estimate lender credits finding. ( 12 CFR §1026.19(e)(3)(iv)(A) - (C), (E), (F), and (D) as amended in 2015 )The revised loan estimate contains a credit(s) that is not an allowable redisclosure under §1026.19(e)(3)(iv). The 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. The CD was acknowledged on XX/XX/XXXX and the loan closed on XX/XX/XXXX. No copy of initial CD in file.

(2021-06-11) Finding cleared

Summary: Coborrower has XX years in field. ; Summary: Borrower has resided in current property for XX years. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312709719

251_176_16071

16071

Compliance

Lender Credits Finding

This loan failed the revised LE lender credits test finding due to one of the following reasons:The revised loan estimate contains a credit(s) that is not an allowable  redisclosure. The disclosure was not delivered timely; or the sum of the specific and non-specific lender credits decreased.

(2021-06-08) Lender provided Change of Circumstance for lender credit being used for progam change, condition cleared

Summary: Coborrower has XX years in field. ; Summary: Borrower has resided in current property for XX years. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312709719

251_176_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312715503

251_99_18600

18600

Credit

Invalid AUS

The exception 'Invalid AUS' is cleared. From fields in template: How Was Loan Underwritten ---- AUS Assets ---- No CLTV ---- No DTI ---- No FICO ---- No Income ---- No Incorrect Figures ---- No Incorrect Loan Application ---- No LTV ---- No Occupancy ---- No Omission of Debt ---- No Other Debt ---- No Reserves ---- No Subject PITI ---- No Subject Property Address ---- No Wrong Loan Amount ---- No The AUS reflects monthly income of $X,XXX.XX for the borrower. The audited monthly income is $X,XXX.XX.

(2021-06-16) Not applicable. Condition rescinded.

Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%. ; Summary: Primary borrower has XX years in field. ; Summary: Borrower has resided in current property for XX years. ; Summary: CLTV is considerably lower than the guideline maximum.  Calculated CLTV is: XX and the guideline is: XX.

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

312715503

251_99_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 final Closing Disclosure dated XX/XX/XXXX indicates the Estimated Taxes, Insurance and Assessments as $X,XXX.XX a month vs. the calculated value of $X,XXX.XX a month. The lender used the incorrect amount of $X,XXX.XX for the taxes vs. the actual amount of $X,XXX.XX.  Provide corrected CD, letter of explanation, proof of delivery and re-open rescission, if applicable.

(2021-06-03) Revised Closing Disclosure provided matching actual calculated values for Estimated Escrow (2021-06-03) Lender stated they used 10% additional taxes as an estimate as the XXXX taxes were not available yet. Condition cleared.

Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%. ; Summary: Primary borrower has XX years in field. ; Summary: Borrower has resided in current property for XX years. ; Summary: CLTV is considerably lower than the guideline maximum.  Calculated CLTV is: XX and the guideline is: XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312715503

251_99_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed

(2021-06-01) This breach finding is non-material and will be rated a X grade.

Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%. ; Summary: Primary borrower has XX years in field. ; Summary: Borrower has resided in current property for XX years. ; Summary: CLTV is considerably lower than the guideline maximum.  Calculated CLTV is: XX and the guideline is: XX.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312715503

251_99_2555

2555

Compliance

RESPA: IEADS Not Accurate

RESPA: IEADS Not Accurate The lender used the incorrect amount of $X,XXX.XX for the taxes vs. the actual amount of $X,XXX.XX.

(2021-06-01) This breach finding is non-material and will be rated a X grade.

Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%. ; Summary: Primary borrower has XX years in field. ; Summary: Borrower has resided in current property for XX years. ; Summary: CLTV is considerably lower than the guideline maximum.  Calculated CLTV is: XX and the guideline is: XX.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312715656

251_109_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312718875

251_103_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 X grade. The exception status is currently Acknowledged by Client.

(2021-06-16) This breach finding is non-material and will be rated a X grade.

Summary: Refinance reduces total housing payment by  $X,XXX.XX. ; Summary: Refinance reduces rate from XX% to XX%. ; Summary: Primary borrower has XX years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312718875

251_103_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312726069

251_144_18040

18040

Credit

Missing 3rd Party Verbal Verification of Employment (Borrower)

Missing 3rd Party Verbal Verification of Employment dated within 10 Business days prior to the Note date for Borrower’s job in position 1 on the application. Status of possible documentation for verification of employment:  VVOE Not in file, Employment Letter Not in file, WVOE dated more than the maximum allowable days prior to the Note date. The note date is XX/XX/XXXX. There is no evidence indicating the loan had been delivered to the GSE. ___

(2021-05-24) Lender provided a VVOE for B1 which post-dates the note.  The document is acceptable if the loan has not yet been delivered to XXXX or XXXXX.  Condition is cleared.

Summary: Refinance reduces total housing payment by  $X,XXX.XX. ; Summary: Refinance reduces rate from XX% to XX%. ; Summary: Primary borrower has XX years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312726069

251_144_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: ___

(2021-05-24) Lender provided an executed 4506-C.  Condition is cleared.

Summary: Refinance reduces total housing payment by  $X,XXX.XX. ; Summary: Refinance reduces rate from XX% to XX%. ; Summary: Primary borrower has XX years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312726069

251_144_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 the 4506 for both borrowers.

(2021-05-24) AUS Standards are now met and loan meets TQM standards. (2021-05-24) AUS Standards are now met and loan meets TQM standards.

Summary: Refinance reduces total housing payment by  $X,XXX.XX. ; Summary: Refinance reduces rate from XX% to XX%. ; Summary: Primary borrower has XX years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312726069

251_144_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 X grade. The exception status is currently Acknowledged by Client.

(2021-06-16) This breach finding is non-material and will be rated a X grade.

Summary: Refinance reduces total housing payment by  $X,XXX.XX. ; Summary: Refinance reduces rate from XX% to XX%. ; Summary: Primary borrower has XX years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312726069

251_144_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312728463

251_10_18040

18040

Credit

Missing 3rd Party Verbal Verification of Employment (Borrower)

Missing 3rd Party Verbal Verification of Employment dated within 10 Business days prior to the Note date for Borrower’s job in position 1 on the application. Status of possible documentation for verification of employment:  VVOE dated more than the maximum allowable days prior to the Note date, Employment Letter Not in file, WVOE dated more than the maximum allowable days prior to the Note date. The note date is XX/XX/XXXX. There is no evidence indicating the loan had been delivered to the GSE. ___

(2021-06-15) The lender provided a post-closing VVOE dated XX/XX/XXXX, which is acceptable as the loan has not been delivered yet.  Finding cleared. (2021-06-02) The lender provided a VVOE dated XX/XX/XXXX, which post-dates the Note date of XX/XX/XXXX.  The post-dated VVOE does not meet the DU condition, which requires a VVOE to be performed no more than 10 business days prior to the Note date.  The finding is retained.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312728463

251_10_17468

17468

Compliance

ECOA: Appraisal Not Provided to Applicant

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

(2021-06-11) The lender provided evidence that the appraisal was sent on XX/XX/XXXX.  Finding cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312728463

251_10_17470

17470

Compliance

ECOA: Delivery of Appraisal/Valuation to Applicant Not Timely

ECOA: Delivery of Appraisal/Valuation to Applicant Not Timely

(2021-06-02) The lender provided evidence that the appraisal was sent on XX/XX/XXXX.  Finding cleared.

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

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

312728463

251_10_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.

(2021-06-15) AUS Standards are now met and loan meets TQM standards. The lender provided a post-closing VVOE dated XX/XX/XXXX, which is acceptable as the loan has not been delivered yet.  Finding cleared. (2021-06-02) The lender provided a VVOE dated XX/XX/XXXX, which post-dates the Note date of XX/XX/XXXX.  The post-dated VVOE does not meet the DU condition, which requires a VVOE to be performed no more than 10 business days prior to the Note date.  The finding is retained.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312728463

251_10_1435

1435

Compliance

RESPA: Servicing Disclosure Statement Not Executed

RESPA: Servicing Disclosure Statement is not executed

(2021-06-02) Servicing Disclosure Statement is signed (2021-06-02) Servicing disclosure is executed.  Finding is cleared.

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

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

312728985

251_67_455

455

Credit

Missing Final Application (1003)

A final application for the subject transaction was not provided

(2021-06-03) Credit application is Present (2021-06-03) The Lender provided a copy of the final, signed 1003.  Finding cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312728985

251_67_927

927

Credit

Missing Mortgage/Deed of Trust

A Mortgage/Deed of Trust with borrower(s) signatures was not provided.  Missing: Mortgage

(2021-06-03) Valid Mortgage/Deed (2021-06-03) The Lender provided a copy of the XXX.  Finding cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312728985

251_67_10320

10320

Credit

Missing Note

Missing Note

(2021-06-03) The Lender provided a copy of the Note.  Finding cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312728985

251_67_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. The lender Disclosure Tracking reflects reflects only one CD issued.  Provide any and all Closing Disclosures.

(2021-06-03) CD provided reflecting proper timing. (2021-06-03) The Lender provided the final signed Closing Disclosure along with an executed DOT.  Finding cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312728985

251_67_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.

(2021-06-03) Initial CD provided meeting appropriate timing requirements. (2021-06-03) The Lender provided the final signed Closing Disclosure along with an executed DOT.  Finding cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312728985

251_67_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 X grade.

(2021-05-24) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312728985

251_67_2961

2961

Compliance

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

TILA: Notice of Right to Cancel Missing

(2021-06-03) TILA: Notice of Right to Cancel Present (2021-06-03) The Lender provided a copy of the RTC.  Finding cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312733377

251_85_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

(2021-06-08)  Lender provided WVOE to cure the need for paystubs, condition cleared.

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

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

312733377

251_85_15997

15997

Credit

Required Documentation is Missing

The loan file is missing verification of income.   File only has w-2 and verbal.  1008 reflects a WVOE dated XX/XX/XXXX used to verify but it is not in the loan file The loan file only has w-2 and verbal verification of employment. The 1008 reflects a WVOE dated XX/XX/XXXX was used to verify income but it was not located in the loan file.

(2021-06-08)  Lender provided WVOE to cure the need for paystubs, condition cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312733377

251_85_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 only has w-2 and verbal verification of employment. The 1008 reflects a WVOE dated XX/XX/XXXX used to verify but it was not located in the loan file.

(2021-06-15) AUS Standards are now met and loan meets TQM standards. (2021-06-08)  Lender provided WVOE to cure the need for paystubs, condition cleared.

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

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

312739836

251_163_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: ___

(2021-06-04) Lender provided 4506-Cs for personal and business, condition cleared.

Summary: Primary borrower has XX years in field. ; Summary: Refinance reduces total housing payment by  $X,XXX.XX. ; Summary: Borrower has XX years self employed. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312751527

251_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 X grade.

(2021-05-13) :  This breach finding is non-material and will be rated a X grade.

Summary: Primary borrower has XX years in field.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312751527

251_88_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312757203

251_160_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312776940

251_155_16463

16463

Credit

Missing Secondary Valuation

A valid secondary valuation supporting the origination appraisal value is not present, CU Score is above 2.5, CDA Not Required, AVM not required, Field Review not required .

(2021-06-11) CDA has been received and it supports OA value. Condition cleared.

Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312780624

251_179_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312806100

251_188_1434

1434

Compliance

RESPA: AfBA Disclosure not executed

RESPA: AfBA Disclosure is not executed

(2021-06-10) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

312806100

251_188_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312813579

251_165_18040

18040

Credit

Missing 3rd Party Verbal Verification of Employment (Borrower)

Missing 3rd Party Verbal Verification of Employment dated within 10 Business days prior to the Note date for Borrower’s job in position 1 on the application. Status of possible documentation for verification of employment:  VVOE dated more than the maximum allowable days prior to the Note date, Employment Letter Not in file, WVOE dated more than the maximum allowable days prior to the Note date. The note date is XX/XX/XXXX. There is no evidence indicating the loan had been delivered to the GSE. ___ Missing VVOE within 10 business days from Note.

(2021-06-04) Lender provided 3rd Party Verbal Verification of Employment dated XX/XX/XXX, condition cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312813579

251_165_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: ___

(2021-06-04) Lender provided signed 4506-C by both borrowers, condition cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312813579

251_165_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 X grade. The exception status is currently Acknowledged by Client.

(2021-06-16) This breach finding is non-material and will be rated a X grade.

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

312813579

251_165_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312824061

251_28_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: ___

(2021-05-24) Lender provided an acceptable 4506-C.  Condition is cleared.

Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%. ; Summary: Primary borrower has XX years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

312824061

251_28_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 not acknowledged 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.

(2021-05-24) CD provided reflecting proper timing. (2021-05-24) Lender provided the disclosure tracking document.  Condition is cleared. (2021-05-18) Initial CD was not acknowledged 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.

Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%. ; Summary: Primary borrower has XX years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312824061

251_28_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 was not acknowledged 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.

(2021-05-24) Initial CD provided meeting appropriate timing requirements. (2021-05-24) Lender provided an acceptable disclosure tracking document.  Condition is cleared. (2021-05-18) Initial CD was not acknowledged 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.

Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%. ; Summary: Primary borrower has XX years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312824061

251_28_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 file is failing to meet Temporary Qualified Mortgage standards due to missing 4506-T.

(2021-05-24) AUS Standards are now met and loan meets TQM standards. (2021-05-24) AUS Standards are now met and loan meets TQM standards. (2021-05-18) The file is failing to meet Temporary Qualified Mortgage standards due to missing 4506-T.

Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%. ; Summary: Primary borrower has XX years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312824061

251_28_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312856044

251_135_16923

16923

Credit

Hazard Insurance Shortfall

The hazard insurance policy in file reflected dwelling coverage of $X,XXX.XX.  The loan amount is $X,XXX.XX which leaves a shortage of hazard insurance coverage for  $X,XXX.XX.

(2021-05-25) Lender provided evidence of adequate XXX.  Condition is cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312856044

251_135_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312860025

Credit

CLTV exceeds guidelines

Lender guidelines requires a maximum CLTV of 58.83%.  However, the current CLTV of the subject is 59.16%. The appraisal or sales price value used was $X,XXX.XX having a loan purpose of  Refinance-Term. XXXXX guidelines require resubmission to AUS if loan amount increases greater than $X,XXX.XX or 1% of the loan amount, whichever is less.

(2021-06-14) The lender provided an updated Accept/Eligible LP with a max LTV/CLTV of 59.16% and a loan amount of $X,XXX.XX.  Finding cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312860025

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, Wrong Loan Amount,. XXXXX guidelines require resubmission to AUS if loan amount increases greater than $X,XXX.XX or 1% of the loan amount, whichever is less.

(2021-06-14) The lender provided an updated Accept/Eligible LP with a max LTV/CLTV of 59.16% and a loan amount of $X,XXX.XX.  Finding cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312860025

Credit

Loan amount exceeds the guideline maximum

Lender guidelines allow a maximum loan amount of $X,XXX.XX, per the loan approval and Note, the subject loan amount is $X,XXX.XX. XXXXX guidelines require resubmission to AUS if loan amount increases greater than $X,XXX.XX or 1% of the loan amount, whichever is less.

(2021-06-14) The lender provided an updated Accept/Eligible LP with a max LTV/CLTV of 59.16% and a loan amount of $X,XXX.XX.  Finding cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312860025

Credit

LTV exceeds guidelines

Lender guidelines requires a maximum LTV of 58.83%.  However, the current LTV of the subject is 59.16%. The appraisal or sales price value used was $X,XXX.XX having a loan purpose of  Refinance-Term. XXXXX guidelines require resubmission to AUS if loan amount increases greater than $X,XXX.XX or 1% of the loan amount, whichever is less.

(2021-06-14) The lender provided an updated Accept/Eligible LP with a max LTV/CLTV of 59.16% and a loan amount of $X,XXX.XX.  Finding cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

312860025

251_194_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

312901416

251_195_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

201567956

251_73_-96351

-96351

Compliance

Lender Credits Finding

This loan failed the revised loan estimate lender credits finding. ( 12 CFR §1026.19(e)(3)(iv)(A) - (C), (E), (F), and (D) as amended in 2015 )The revised loan estimate contains a credit(s) that is not an allowable redisclosure under §1026.19(e)(3)(iv).

(2021-06-15) The Lender Credits findng was originally incorrectly activated.  Finding cleared.

Summary: Primary borrower has XX years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201638090

251_192_870

870

Credit

Missing Hazard Insurance Declaration

A hazard insurance declaration for this subject property was not provided.

(2021-06-14) Hazard insurance indicator is Present (2021-06-14) Lender provided the Hazard Insurance Declaration Page for subject property.  Condition Cleared.

Summary: Primary borrower has XX years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201685643

251_125_13095

13095

Credit

Missing Payoff Statement for prior loan

Missing payoff statement for prior loan.

(2021-06-15) Lender provided the payoff statement for prior loan.  Condition Cleared.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Refinance reduces total housing payment by  $X,XXX.XX. ; Summary: Primary borrower has XX years in field. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

201685643

251_125_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

201753689

251_82_11312

11312

Credit

DTI Exceeds Guidelines

Guidelines reflect a DTI of 38.46%. Due to a miscalculation of debts to income, the actual DTI is 42.74%. Income  used includes total borrower income $X,XXX.XX plus subject property positive rental income $X,XXX.XX plus other REO positive rental income $X.XXX.XX. Total debt amount used is $X,XXX.XX. Lender used $X.XXX.XX for Navient student loan payment.  Audit used 1% of the outstanding loan balance, which equaled $X.XXX.XX.

(2021-06-03) The lender provided a statement from Navient reflecting a payment of $X,XXX.XX due monthly until XX/XX/XXXX.  The updated payment caused the finding to be cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201753689

251_82_18600

18600

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,.

(2021-06-03) The lender provided a statement from Navient reflecting a payment of $X,XXX.XX due monthly until XX/XX/XXXX.  The updated payment caused the finding to be cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201753689

251_82_17008

17008

Credit

Property Tax Assessor Number is incorrect

APN number on Appraisal, Title and Mortgage do not match. The APN on the appraisal does not match the APN on the title/mortgage.

(2021-06-08) Lender stated they do not get title insurance based off the APN number and instead base it off of the legal description recorded on the Security Instrument.  Property is new construction.  Condition will be downgraded to a X grade. (2021-06-04) Lender provided Student loan documents, still need updated Appraisal to show the correct Property Tax Assessor Number to match Title and Mortgage, condition remains.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

201795101

239_225_1101

1101

Credit

Condo Questionnaire has not been entered

The Condo Questionnaire is missing from the loan file.  Additional conditions may apply.

(2021-04-21) Project is a 3 unit condo project, a condo questionnaire is not required.  Condition cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201795101

239_225_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,.

(2021-04-16) Finding not applicable.

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

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

201795101

239_225_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 Yes, the number of years returns are ___, and the AUS override the less than 2 year rule is ___. Business returns in the loan file are not signed.

(2021-05-20)  The Lender provided a signed XXXX 1120-S.  The finding is cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201795101

239_225_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: 2 years tax returns provided neither signed; additionally, the 1120-S is 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.

(2021-04-16) Signture alternative (XXXX was provided)

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

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

201795101

239_225_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 B1_SC1_ID_On_Application on the application.   Profit & Loss in File:  No Missing XXXX Profit & Loss statement.

(2021-05-20) Upon further review, XXXX P&L was not yet due at time of closing. Condition cleared. (2021-05-18) The Lender provided a signed XXXX 1120-S.  The finding is cleared. (2021-05-13) Lender provided the XXXX Schedule C document. However, a final, executed XXXX-1120S Business Return is required. Condition remains. (2021-04-21) Lender provided XXXX 1120S.  However, it is a draft copy.  Provide final, signed 1120S returns.  Condition remains.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201795101

239_225_15997

15997

Credit

Required Documentation is Missing

DU requires 2 years executed personal and business tax returns. The file contains XXXX and XXXX personal returns and XXXX business returns. None of the returns are signed and XXXX business returns are missing. Provide 2 years executed personal and business tax returns.

(2021-05-18) The Lender provided a signed XXXX 1040.  Finding is cleared. (2021-05-12) The Lender provided signed XXXX personal and tax returns.  The lender provided 1 page of the XXXX personal tax returns, but it isn't signed. The XXXX business tax returns aren't applicable as the business incorporated on XX/XX/XXXX, as verified with CA SOS (see the K drive folder). The XXXX signed personal tax returns are still pending.  Finding is retained.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201795101

239_225_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 the following:  1) Executed business returns, 2) XXXX Profit & Loss statement and 3) Condo Questionnaire/Warranty.

(2021-05-20) AUS Standards are now met and loan meets TQM standards. (2021-05-20) Missing documents have now been provided. Condition cleared. (2021-05-18) The lender provided signed XXXX 1040 and XXXX 1120-S.  Still pending:1. 2020 Profit & Loss statement and 2. Condo Questionnaire/Warranty. (2021-05-12) The Lender provided signed XXXX personal and tax returns.  The lender also provided 1 page of the XXXX personal tax returns, but it isn't signed. The XXXX business tax returns aren't applicable as the business incorporated on XX/XX/XXXX, as verified with CA SOS (see the K drive folder). Still pending: 1. XXXX P&L; 2. Condo Questionnaire.  Finding is retained.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201796682

251_29_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

201802400

251_68_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.

(2021-06-02) The loan was approved as a cash-out refi where the maximum cash-out amount equals to the loan amount.  Finding has been cleared.

Summary: Borrower has resided in current property for XX years. ; Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Primary borrower has XX years in field. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201802400

251_68_16575

16575

Credit

HELOC Closure Letter Not Provided

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

(2021-06-14) The lender provided a copy of the signed HELOC.  Finding cleared. (2021-06-02) The lender provided a copy of the of the HELOC payoff, but did not provide a copy of the signed HELOC close line letter, located in the loan file (pg. XXX).  Finding is retained.

Summary: Borrower has resided in current property for XX years. ; Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Primary borrower has XX years in field. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201803309

251_101_7963

7963

Credit

Missing YTD Profit & Loss for Schedule C Business 2 (Borrower 1)

Borrower 1 is self-employed and the YTD Profit & Loss is either missing or not executed for the Schedule C business listed in position B1_SchedC2_ID_On_Application on the application.   Profit & Loss in File: No

(2021-06-02) The Lender provided the missing P&L for XXXX and YTD XXXX.  Condition cleared.

Summary: Primary borrower has XX years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201803309

251_101_-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 ($575.00) exceeds or equals the comparable sum of specific and non-specific lender credits ($575.00). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). The CD dated XX/XX/XXXX reflects a lender credit in the amount of $X,XXX.XX. However, per the LE, the lender credit is $X,XXX.XX. Tolerance cure of $X,XXX.XX is required.  Provide corrected CD, evidence of Refund to the Borrower, letter of explanation and proof of delivery to the Borrower.

(2021-06-03) Lender provided documentation of pricing change due to lower appraised value.  Condition Cleared.

Summary: Primary borrower has XX years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201803309

251_101_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 P&L statement for Schedule C Business 2 for Borrower.

(2021-06-02) AUS Standards are now met and loan meets TQM standards.  The Lender provided the missing P&L for XXXX and YTD XXXX.  Condition cleared. (2021-06-02) The Lender provided the missing P&L for XXXX and YTD XXXX.  Condition cleared.

Summary: Primary borrower has XX years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201808679

251_94_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 pages 1&2 for statement ending XX/XX/XXXX

(2021-06-09) The lender provided a complete stmt for period ending on XX/XX/XXXX, for a total of 2 full months of asset statements.  Finding cleared.

Summary: Borrower has XX years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201808679

251_94_1454

1454

Credit

Missing Evidence of Insurance for Primary Residence

Missing Evidence of Insurance for Primary Residence

(2021-06-09) The lender provided a copy of the HOI for the borrower's primary residence.  Finding cleared.

Summary: Borrower has XX years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201808679

251_94_18041

18041

Credit

Missing Evidence of Self Employment - Borrower 1 Corporation

Borrower 1 is self-employed and is missing verification of self-employment dated within ___ prior to the Note date on the corporation listed in position 1 on the application.  Documentation Requirements: Allow CPA Letter or Business License or other valid verification.  Status of possible documentation for verification of self-employment:  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.   There is no evidence indicating the loan had been delivered to the GSE. ___

(2021-06-09) The lender provided a copy of the borrower's business license from the Secretary of State.  Finding cleared.

Summary: Borrower has XX years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201808679

251_94_18457

18457

Credit

Missing Executed Business Returns for Corporation 1 (Borrower 1)

Borrower 1 is self-employed and is missing the executed business returns for the corporation listed in position 1 on the application. The business returns in file is Not Executed, the number of years returns are 1, and the override condition exists and met for less than 2 years returns is No.

(2021-06-08) The Lender provided XXXX-XXXX personal tax returns that indicate an increase in the borrower's S/E income.  As per XXXX/DU guidelines, business tax returns for 1 year are not required, if the borrower provides personal tax returns covering the most recent 2 years.  Finding cleared.

Summary: Borrower has XX years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201808679

251_94_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: N/A.  Details: Only XXXX unexecuted 1040's in file, missing 2nd year or cash flow analysis (Form XXXX) as required by DU

(2021-06-08) The Lender provided XXXX-XXXX tax returns that indicate an increase in the borrower's S/E income.  Finding cleared.

Summary: Borrower has XX years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201808679

251_94_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 verification of self-employment and missing 2 years executed personal and business tax returns.

(2021-06-09) AUS Standards are now met and loan meets TQM standards. The lender provided a copy of the borrower's business license and 2 years personal tax returns.  Finding cleared.

Summary: Borrower has XX years self employed.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201814451

251_115_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.

(2021-06-03) The loan was approved as a Cash-out refi.  The finding is cleared.

Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%. ; Summary: Borrower has resided in current property for XX years.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201814451

251_115_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 final Closing Disclosure dated XX/XX/XXXX Contact Information section is incomplete.  The State license ID  of the Settlement Agent is missing.  Provide re-disclosed CD and letter of explanation. The exception status is currently Acknowledged by Client.

(2021-06-03) The lender provided a PCCD dated XX/XX/XXXX.  However, the contact Information section is still incomplete: the State license ID  of the Settlement Agent is still missing.  Provide re-disclosed CD and letter of explanation.  The finding is retained.

Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%. ; Summary: Borrower has resided in current property for XX years.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

201822581

251_61_5831

5831

Property

Property in Disaster Area – Property located in a FEMA declared disaster area. Inspection post incident date was not provided

Subject property is in recent disaster area and there is no post incident inspection

(2021-06-09) The Lender provided a post-disaster inspection, completed on XX/XX/XXXX, which evidenced no damage to the subject property.  Finding cleared.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201822581

251_61_1121

1121

Credit

FEMA: Property is in recent hazard area

The following disasters were found: -SEVERE STORMS, TORNADOES, AND FLOODING from XX/XX/XXXX 12:01:00 AM to XX/XX/XXXX 12:00:00 PM

(2021-06-09) The Lender provided a post-disaster inspection, completed on XX,XX,XXXX, which evidenced no damage to the subject property.  Finding cleared.

Cleared

1

1

A

A

A

A

A

A

A

A

A

A

201822581

251_61_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 Final Closing Disclosure is missing Settlement Agent licensing infomation.  This breach finding is non-material and will be rated a X grade The exception status is currently Acknowledged by Client.

(2021-06-16) This breach finding is non-material and will be rated a X grade

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

201822581

251_61_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

201823988

251_145_18529

18529

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 2, and the override condition exists and met for less than 2 years returns is ___.

(2021-06-08) Lender provided signed 2 years of  Personal and business returns for both borrowers, condition cleared.

Summary: Borrower has resided in current property for XX years. ; Summary: Borrower has XX years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201823988

251_145_18573

18573

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 2, and the override condition exists and met for less than 2 years returns is ___.

(2021-06-08) Lender provided signed 2 years of  Personal and business returns for both borrowers, condition cleared.

Summary: Borrower has resided in current property for XX years. ; Summary: Borrower has XX years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201823988

251_145_1457

1457

Credit

Missing Executed Personal Tax Returns for Borrower

Guidelines state: At least 2 years personal returns required.  Status of Personal Tax Return: No.  Tax Transcripts in file: N/A.  Details: Only 1 year XXXX - unexecuted in file. AUS requires 2 years or 1 yr and Cash flow analysis (Form XXXX)

(2021-06-08) Lender provided signed 2 years of  Personal and business returns for both borrowers, condition cleared.

Summary: Borrower has resided in current property for XX years. ; Summary: Borrower has XX years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201823988

251_145_7741

7741

Credit

Missing Executed Personal Tax Returns for Coborrower

Guidelines state: At least 2 years personal returns required.  Personal Tax Return in File: No.  Tax Transcripts - income supported: N/A. Details: Only 1 year XXXX- unexecuted in file. AUS requires 2 years or 1 yr and Cash flow analysis (Form XXXX)

(2021-06-08) Lender provided signed 2 years of  Personal and business returns for both borrowers, condition cleared.

Summary: Borrower has resided in current property for XX years. ; Summary: Borrower has XX years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201823988

251_145_-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 04/29/2021 with an expiration date of XX/XX/XXXX.  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.

(2021-06-15) The lender provided a PCCD and an ALTA statement from the title company, which reflect a disbursement date of XX/XX/XXXX, which provided the borrower with the proper rescission period.  Finding cleared. (2021-06-14) The lender provided another  PCCD with a disbursement date of 5/XX/2021, which would provide the borrowers with a full rescission period. Still, need an ALTA stmt or a wire disbursement form from XXX title, confirming the disb date of XX/XX/XXXX.  Finding is retained. (2021-06-10) The lender provided a PCCD with a disbursement date of XX/XX/XXXX, which would provide the borrowers with a full rescission period. Need an ALTA stmt or a wire disbursement form from XXX title, reflecting a disb date of XX/XX/XXXX.  Finding is retained.

Summary: Borrower has resided in current property for XX years. ; Summary: Borrower has XX years self employed.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201833366

251_12_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, Unknown, Field Review not required

(2021-05-18) AVM has been provided. Condition cleared.

Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%. ; Summary: Refinance reduces total housing payment by  $X,XXX.XX. ; Summary: Primary borrower has XX years in field. ; Summary: Borrower has XX years self employed. ; Summary: FICO is higher than guidelines. FICO is:  704 and the guideline  is:703.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201833366

251_12_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

201836300

251_33_16575

16575

Credit

HELOC Closure Letter Not Provided

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

(2021-05-25) Lender provided an acceptable HELOC closure letter.  Condition is cleared.

Summary: Primary borrower has XX years in field. ; Summary: Borrower has XX years self employed. ; Summary: Refinance reduces rate from XX% to XX%. ; Summary: Borrower has resided in current property for XX years.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201837149

251_130_13095

13095

Credit

Missing Payoff Statement for prior loan

Missing payoff statement for prior loan.

(2021-06-02) Lender provided the missing payoff.  Condition cleared

Summary: Refinance reduces total housing payment by  $X,XXX.XX. ; Summary: Primary borrower has XX years in field. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201839501

245_127_4380

4380

Credit

Gift Documentation Incomplete (1)

Guidelines require a signed gift letter from the donor specifying the following:  (1) the specific dollar amount of the gift and the date the funds were transferred to the borrower, (2)donor’s name, address, telephone number and the relationship to the borrower and (3) the donor’s statement that no repayment is expected.  The gift documentation is incomplete for the gift funds listed on the final application on line 1, for the following reason: Other Loan file did not contain documentation of borrower's own funds.  Required funds are 1) cash to close of $X,XXX.XX per the Closing Disclosure, and 2) earnest money deposit of $X,XXX.XX.  Total funds from gift funds is $X,XXX.XX.  Gift letter is only for $X,XXX.XX.  Additionally, loan file is missing verification of receipt of gift funds for closing/cash to close.

(2021-05-19) The lender provided a signed updated gift letter reflecting a gift amount of $X,XXX.XX.  Finding is cleared.

Summary: Primary borrower has XX years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201839501

245_127_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  Assets,. AUS was ran with assets as Borrower Funds.  However, all assets came from gift funds.

(2021-06-15) The lender provided an updated Accept/Eligible LP dated XX/XX/XXXX, which reflects gift funds of $X,XXX.XX.  Finding cleared. (2021-06-15) The lender provided the same LP dated XX/XX/XXXX with an Accept/Eligible recommendation.  However, the LP does not reflect that the assets were gift funds.  E-mailed LD manager XXX, requesting that the gift funds are updated and referenced on LP.  The finding is retained. (2021-06-09) The lender provided an updated LP with an Accept/Eligible recommendation.  However, the LP does not reflect that the assets were gift funds.  Please update the assets to be reflected as gift funds and re-run the LP - it will reference the gift funds and also provide conditions for the gift funds documentation.  The finding is retained. (2021-05-19) The lender provided a signed updated gift letter reflecting a gift amount of $X,XXX.XX.  However, an updated LP reflecting the funds being gift funds were not provided.  Finding is retained.

Summary: Primary borrower has XX years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201839501

245_127_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 The Closing Disclosure Loan Disclosures - Escrow Account table did not include the earthquake insurance premium and disclosed the incorrect XXX fee (lender used $X,XXX.XX/month vs. actual amount of $X,XXX.XX/month).

(2021-05-10) CD provided with 'Loan Disclosures' Escrow Account section completed properly (2021-05-10) The Lender provided a PCCD reflecting a correct XXX fee of $X,XXX.XX/mth and total escrow of $X,XXX.XX/mth.  Finding cleared.

Summary: Primary borrower has XX years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201839501

245_127_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). Incomplete/incorrect gift letter - incorrect amount of gift funds and missing verification of gift funds for closing/cash to close.

(2021-05-19) AUS Standards are now met and loan meets TQM standards. (2021-05-19) The lender provided a signed updated gift letter reflecting a gift amount of $X,XXX.XX.  Finding is cleared.

Summary: Primary borrower has XX years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201839501

245_127_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

201839864

251_42_1101

1101

Credit

Condo Questionnaire has not been entered

The Condo Questionnaire is missing from the loan file.  Additional conditions may apply.

(2021-05-24) Condo questionnaire is considered optional per XXXX site. Condition cleared.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201840863

251_32_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 X grade.

(2021-05-13) This breach finding is non-material and will be rated a X grade.

Summary: Refinance reduces rate from XX% to XX%. ; 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

201840863

251_32_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

201841004

251_84_-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).

(2021-06-03) Finding not applicable, rescinded.

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

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

201841004

251_84_-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.

(2021-06-03) Finding not applicable, rescinded.

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

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

201841004

251_84_-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.

(2021-06-16) Finding not applicable, rescinded.

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

Rescind

1

1

A

A

A

A

A

A

A

A

A

A

201841004

251_84_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 X grade

(2021-05-19) This breach finding is non-material and will be rated a X grade

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

201841004

251_84_-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.

(2021-06-03) The lender provided a PCCD dated XX/XX/XXXX, reflecting a disbursement date of XX/XX/XXXX, which granted the borrower a full 3-day rescission period.  Finding cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201843428

251_138_16903

16903

Credit

Simultaneous Lien Note status is missing

Simultaneous Lien Note status is Missing

(2021-06-08) Lender provided Heloc being done simulaneously with 1st lien, condition cleared.

Summary: Primary borrower has XX years in field.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201847664

251_131_8671

8671

Credit

Missing Evidence of HOA Dues for REO4

Missing Evidence of XXX Dues for REO4

(2021-06-11) The lender provided evidence that there is no XXX on XXXXX.  Finding cleared.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Borrower has XX years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201847664

251_131_8720

8720

Credit

Missing Evidence of Insurance for REO4

Missing Evidence of Insurance for property 5 on final application

(2021-06-11) The lender provided evidence of XXX on XXXX.  Finding cleared.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Borrower has XX years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201847664

251_131_12430

12430

Credit

Missing Evidence of Property Taxes for REO4

Evidence of property taxes for property 5  on the final application not provided.

(2021-06-11) Property taxes for XXXX are in the loan file.  Finding cleared.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Borrower has XX years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201847664

251_131_927

927

Credit

Missing Mortgage/Deed of Trust

A Mortgage/Deed of Trust with borrower(s) signatures was not provided.

(2021-06-08) Valid Mortgage/Deed

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Borrower has XX years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201847664

251_131_10320

10320

Credit

Missing Note

Missing Note

(2021-06-11) The Lender provided a copy of the original signed note.  Finding cleared.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Borrower has XX years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201847664

251_131_1099

1099

Credit

Missing Subordination Agreement

Subordination agreement for Borrower's existing second mortgage lien not provided. The preliminary report dated XX/XX/XXXX, Exceptions Item #5 indicates a $X,XXX.XX line of credit. Evidence of subordination or the closing of the line of credit is missing.

(2021-06-08) The Lender provided the final title company that no longer has an exception for a $X,XXX.XX loan that appeared on the title commitment.  No exceptions on final title.  Finding cleared.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Borrower has XX years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201847664

251_131_15997

15997

Credit

Required Documentation is Missing

The loan file is missing evidence of new Loan Note information for concurrent closings on XXXX and XXXX properties as evidenced on the Lender's loan approval. The loan file is missing evidence of new Loan Note information for concurrent closings on XXXX and XXXX properties as evidenced on the Lender's loan approval. The loan file is missing evidence of new Loan Note information for concurrent closings on XXXX and XXXX properties as evidenced on the Lender's loan approval.

(2021-06-04) The Lender provided a copy of the final CD and Note for the REO at XXXX.  The refinance on XXXX was cancelled.  Finding cleared.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Borrower has XX years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201847664

251_131_17468

17468

Compliance

ECOA: Appraisal Not Provided to Applicant

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

(2021-06-11) The lender provided a disclosure tracking form which indicates that the appraisal was emailed and received by the borrower on XX/XX/XXXX.  Finding cleared.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Borrower has XX years self employed.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201847664

251_131_17470

17470

Compliance

ECOA: Delivery of Appraisal/Valuation to Applicant Not Timely

ECOA: Delivery of Appraisal/Valuation to Applicant Not Timely

(2021-06-11) The lender provided a disclosure tracking form which indicates that the appraisal was emailed and received by the borrower on XX/XX/XXXX.  Finding cleared.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Borrower has XX years self employed.

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

201847664

251_131_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 X grade.

(2021-06-01) This breach finding is non-material and will be rated a X grade.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Borrower has XX years self employed.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

201847664

251_131_16299

16299

Compliance

Final Closing Disclosure is missing or incomplete |SFA 3.0

Final Closing Disclosure is missing or incomplete

(2021-06-08) Received copy of complete Final Closing Disclosure

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Borrower has XX years self employed.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201847664

251_131_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 acknowledgment of receipt on the part of the borrower by email on XX/XX/XXXX. The consummation date is unknown. No copy of final CD in file.

(2021-06-09) CD provided reflecting proper timing.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Borrower has XX years self employed.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201847664

251_131_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.

(2021-06-09) Initial CD provided meeting appropriate timing requirements.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Borrower has XX years self employed.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201847664

251_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). The file is missing REO documentation required to calculate PITIA pf rental properties.

(2021-06-08) AUS Standards are now met and loan meets TQM standards.  The lender provided all of the debt documentation for all the REO's.  Finding is cleared.

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Borrower has XX years self employed.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201861845

251_78_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

201862562

251_44_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

201863579

251_69_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

201865334

251_105_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

201867872

251_127_4380

4380

Credit

Gift Documentation Incomplete (1)

Guidelines require a signed gift letter from the donor specifying the following:  (1) the specific dollar amount of the gift and the date the funds were transferred to the borrower, (2)donor’s name, address, telephone number and the relationship to the borrower and (3) the donor’s statement that no repayment is expected.  The gift documentation is incomplete for the gift funds listed on the final application on line 1, for the following reason: Missing verification of donor gift funds

(2021-06-14) The lender provided documentation from the title company reflecting the wire receipt for the gift funds of $X,XXX.XX.  Finding cleared. (2021-06-04) The Lender provided a copy of the gift letter.  However, there is no documentation evidencing the transfer of funds, and none of the Closing Disclosures or bank statements reflect a transfer of $X,XXX.XX.  The finding is retained.

Summary: Primary borrower has XX years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201867872

251_127_16463

16463

Credit

Missing Secondary Valuation

A valid secondary valuation supporting the origination appraisal value is not present, CU Score is above 2.5, CDA Not Required, AVM not required, Field Review not required

(2021-06-01) CDA value supports OA value. Condition cleared.

Summary: Primary borrower has XX years in field.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201870779

251_190_1819

1819

Compliance

FCRA Negative Information Notice Missing

FCRA Negative Information Notice Missing

(2021-06-08) FCRA Negative Information Notice Present (2021-06-08) Lender provided combined disclosure pointing out page 2 shows Negative Information Notice, condition cleared.

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

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

201871730

251_121_18040

18040

Credit

Missing 3rd Party Verbal Verification of Employment (Borrower)

Missing 3rd Party Verbal Verification of Employment dated within 10 Business days prior to the Note date for Borrower’s job in position 1 on the application. Status of possible documentation for verification of employment:  VVOE Not in file, Employment Letter Not in file, WVOE dated more than the maximum allowable days prior to the Note date. The note date is XX/XX/XXXX. There is no evidence indicating the loan had been delivered to the GSE. ___ Lender did not obtain a 10 day VVOE

(2021-06-04) Lender provided 3rd Party Verification of Employment, condition cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201871730

251_121_16463

16463

Credit

Missing Secondary Valuation

A valid secondary valuation supporting the origination appraisal value is not present, CU Score is above 2.5, No CDA in File, AVM not required, No Field Review in file

(2021-06-01) CDA value supports OA value. Condition cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201871730

251_121_15997

15997

Credit

Required Documentation is Missing

The loan file is missing a 10 day VVOE

(2021-06-04) Lender provided 3rd Party Verification of Employment, condition cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201871730

251_121_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). Lender did not obtain a 10 day VVOE

(2021-06-04) AUS Standards are now met and loan meets TQM standards. (2021-06-04) Lender provided 3rd Party Verification of Employment, condition cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201882173

251_132_18237

18237

Credit

Missing Evidence of Self Employment - Borrower 1 Partnership

Borrower 1 is self-employed and is missing verification of self-employment dated within 120 prior to the Note date on the partnership listed in position 7 on the application.  Documentation Requirements: Allow CPA Letter or Business License or other valid verification.  Status of possible documentation for verification of self-employment:  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.   There is no evidence indicating the loan had been delivered to the GSE. ___

(2021-06-08) Lender provided evidence of self-employment for this partnership. Condition cleared.

Summary: Borrower has resided in current property for XX years. ; Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201882173

251_132_7884

7884

Credit

Missing K-1 for Partnership 7 (Borrower 1)

Borrower 1 is self-employed and is missing the K-1 for the partnership listed in position 8 on the application.

(2021-06-08) Lender provided the K-1.  Condition cleared.

Summary: Borrower has resided in current property for XX years. ; Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201882173

251_132_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).

(2021-06-08) AUS Standards are now met and loan meets TQM standards. (2021-06-08) Lender provided the missing self-employment documents. Condition cleared.

Summary: Borrower has resided in current property for XX years. ; Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201883886

251_97_16575

16575

Credit

HELOC Closure Letter Not Provided

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

(2021-06-08) Lender provided Letter with payoff to show funds are restricted and Heloc is closed until XX/XX/XXXX, when a new payoff would be needed, condition cleared. (2021-06-04) Lender Provided fully executed mortgage with Trust Rider, still need Heloc Closure Letter, condition remains.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201883886

251_97_927

927

Credit

Missing Mortgage/Deed of Trust

A Mortgage/Deed of Trust with borrower(s) signatures was not provided.

(2021-06-04) Valid Mortgage/Deed (2021-06-04) Lender Provided fully executed mortgage with Trust Rider.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201885554

251_92_13095

13095

Credit

Missing Payoff Statement for prior loan

Missing payoff statement for prior loan.

(2021-06-07) The Lender provided a copy of the payoff pulled on XX/XX/XXXX.  Finding cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

201885554

251_92_-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.

(2021-06-07) The Lender provided a PCCD and an updated ALTA stmt reflecting a disbursement date of XX/XX/XXXX, which provides the proper rescission period.  Finding cleared. (2021-05-27) Lender provided a new CD showing an updated disbursement date. Please provided documented proof that the loan disbursed on this new date via the wire transfer documentation or the disbursement authorization docs. Condition remains.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201885554

251_92_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

201887072

251_98_1818

1818

Credit

Missing Trust Documentation

Missing Trust Documentation Borrowers are taking title in a Trust. Trust documentation not provided.

(2021-06-15) Lender provided the Trust Certification.  Condition Cleared.

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

Cleared

2

1

B

A

B

A

B

A

B

A

B

A

201890603

251_139_-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 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.

(2021-06-02) The Lender provided a PCCD, which reflects a disbursement date of XX/XX/XXXX, and follows the full rescission period, which ends on XX/XX/XXXX.  Finding is cleared. (2021-05-24) 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 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.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

201890603

251_139_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

800655929

251_89_-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 final CD reflects a Title - Tracking Fee of $X,XXX.XX which was not disclosed on the LEs.  Tolerance cure of $X,XXX.XX is required.  Provide corrected CD, evidence of Refund to the Borrower, letter of explanation and proof of delivery to the Borrower.

(2021-06-03) The lender provided a PCCD which excluded the tracking fee.  Finding cleared.

Summary: Borrower has XX years self employed. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800655929

251_89_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 Active. Appraisal delivery email is not dated, audit is unable to determine if the appraisal was provided to the borrower timely. This breach finding is non-material and will be rated a X grade.

(2021-06-01) This breach finding is non-material and will be rated a X grade.

Summary: Borrower has XX years self employed. ; Summary: Refinance reduces rate from XX% to XX%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

800655929

251_89_-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 $X,XXX.XX, is sufficient to reimburse the consumer the amount by which the tolerances were exceeded, $X,XXX.XX.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 final CD reflects a Title - Tracking Fee of $X,XXX.XX which was not disclosed on the LEs.  Tolerance cure of $X,XXX.XX is required.  Provide corrected CD, evidence of Refund to the Borrower, letter of explanation and proof of delivery to the Borrower.

(2021-06-03) The lender provided a PCCD which excluded the tracking fee.  Finding cleared.

Summary: Borrower has XX years self employed. ; Summary: Refinance reduces rate from XX% to XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800655929

251_89_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 X grade.

(2021-05-26) This finding is non-material and will be rated a X grade.

Summary: Borrower has XX years self employed. ; Summary: Refinance reduces rate from XX% to XX%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

800691146

251_134_11312

11312

Credit

DTI Exceeds Guidelines

Guidelines reflect a DTI of 28.89%. Due to a miscalculation of debts to income, the actual DTI is 35.60%. Income  used includes total borrower income $X,XXX.XX plus subject property positive rental income $X,XXX.XX plus other REO positive rental income $X,XXX.XX. Total debt amount used is $X,XXX.XX. The lender calculated the co-borrower’s income at $X,XXX.XX vs. audit value of $X,XXX.XX. Audit calculated income using the YTD plus previous year, due to the paystubs reflect fluctuating weekly income.

(2021-06-14) Lender provided an updated DU and 1008 reflecting the Co-Borrower's income of $X,XXX.XX, based on overall average of last 2 years and ytd earnings.  Condition Cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800691146

251_134_18600

18600

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,.

(2021-06-14) Lender provided an updated DU and 1008 reflecting the Co-Borrower's income of $X,XXX.XX, based on overall average of last 2 years and ytd earnings.  Condition Cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800727731

251_65_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

800734190

245_30_1515

1515

Credit

Missing Documentation- Visa or Valid Passport (Borrower 1)

Missing Documentation- Visa or Valid Passport (Borrower 1) Evidence of Borrower’s residency not provided. Per final application, Borrower is a non-permanent resident.

(2021-05-14) Lender provided a final 1003 marked as “US Citizen”, stating that the original was marked incorrectly. Also, the lender provided a copy of the borrower’s Drivers License. Documentation submitted is deemed acceptable. Condition cleared. (2021-05-05) Lender provided drivers license.  1003 lists borrower as non-permanent resident alien.  Condition remains active.

Summary: Primary borrower has XX years in field. ; Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

800745518

245_130_-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) Lender provided COC for appraisal fee increase.  Condition cleared. (2021-05-13) Lender provided initial LE dated XX/XX/XXXX.  Appraisal fee increased from initial LE to final CD with no valid COC.  Tolerance cure due of $X,XXX.XX for appraisal fee increase and not given.  Condition remains.

Summary: Primary borrower has XX years in field. ; Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800745518

245_130_15965

15965

Compliance

Charges That in Total Cannot Increase More Than 10% Failure

This loan failed the charges that in total cannot increase more than 10% test. The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance. The final charges that in total cannot increase more than 10% exceed the comparable charges by more than 10%.

(2021-05-13) A revised disclosure was provided reflecting a valid change of circumstance allowing for the increase of the fees previously disclosed to the Borrower. (2021-05-13) Lender provided valid COC.  Condition cleared.

Summary: Primary borrower has XX years in field. ; Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800745518

245_130_-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) Lender provided COC for appraisal fee increase.  Condition cleared. (2021-05-13) Lender provided initial LE dated XX/XX/XXXX.  Appraisal fee increased from initial LE to final CD with no valid COC.  Tolerance cure due of $X,XXXX.XX for appraisal fee increase and not given.  Condition remains.

Summary: Primary borrower has XX years in field. ; Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800745518

245_130_-96485

-96485

Compliance

Initial Loan Estimate Delivery Date Test (from application)

This loan passed the initial loan estimate delivery date test (from application).( 12 CFR §1026.19(e)(1)(iii)(A) )The initial loan estimate delivery date is not 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 or broker receives the consumer's written application.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)(1)(iii)(A) (initial loan estimate disclosure three business days after application). 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:NoneThe creditor shall deliver or place in the mail the disclosures required under §1026.19(e)(1)(i) (provision of loan estimate form) not later than the third business day after the creditor receives the consumer's application. The initial LE is required to be provided to the borrower within 3 standard business days of application.  The Initial LE is dated XX/XX/XXXX and the broker’s application date is XX/XX/XXXX.

(2021-05-13) Lender provided initial broker's LE to meet 3 day requirement.  Condition Cleared. (2021-05-13) Lender provided initial LE within 3 days of application date.  Condition cleared.

Summary: Primary borrower has XX years in field. ; Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800745518

245_130_-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) Lender provided COC for appraisal fee increase.  Condition cleared. (2021-05-13) Lender provided initial LE dated XX/XX/XXXX.  Appraisal fee increased from initial LE to final CD with no valid COC.  Tolerance cure due of $X,XXX.XX for appraisal fee increase and not given.  Condition remains.

Summary: Primary borrower has XX years in field. ; Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800745518

245_130_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 X grade.

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

Summary: Primary borrower has XX years in field. ; Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

800745518

245_130_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 X grade.

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

Summary: Primary borrower has XX years in field. ; Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

800745518

245_130_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 X grade.

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

Summary: Primary borrower has XX years in field. ; Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

800745518

245_130_-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:NoneIf 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).

(2021-06-16) Lender provided sufficient documentation. Condition cleared.

Summary: Primary borrower has XX years in field. ; Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800745518

245_130_-96375

-96375

Compliance

TRID "Section B. Services You Cannot Shop For / Services Borrower Did Not Shop For" Validation Test

This loan failed the TRID "Section B. Services You Cannot Shop For / Services Borrower Did Not Shop For" validation test.This loan contains a fee or fees where "compensation to" is set to the lender or broker but this fee or fees should not be retained by the lender or broker."Section B. Services You Cannot Shop For / Services Borrower Did Not Shop For" should contain an itemization of each amount, and a subtotal of all such amounts, the consumer will pay for settlement services for which the consumer cannot shop in accordance with Regulation Z and that are provided by persons other than the creditor or mortgage broker.

(2021-05-13) Lender provided COC for appraisal fee increase.  Condition cleared. (2021-05-13) Lender provided COC for credit report fee increase.  Condition cleared.

Summary: Primary borrower has XX years in field. ; Summary: UW guides maximum DTI of XX%, loan qualified with DTI of XX%.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800750822

245_113_11312

11312

Credit

DTI Exceeds Guidelines

Guidelines reflect a DTI of 35.60%. Due to a miscalculation of debts to income, the actual DTI is 38.99%. Income  used includes total borrower income $X,XXX.XX plus subject property positive rental income $X,XXX.XX plus other REO positive rental income $X,XXX.XX. Total debt amount used is $X,XXX.XX. The AUS reflects a maximum DTI of 35.60%. Due to the improper calculation of rental income and subject  PITI, the actual DTI is 38.99%. The lender used 100% vacancy factor using the lease agreement for REO #1 vs. a 75% vacancy factor. The Lender did not include XXX fees for REO #1. The lender used $X,XXX.XX/mo for subject XXX vs. the actual XXX dues of $X,XXX.XX/mo.

(2021-05-07) Lender provided re-submitted DU with DTI decreasing to 35.24% from 35.60%.  Lender also provided final CD of refinance from REO1 which showed the XXX increased from $X,XXX.XX to $X,XXX.XX.  The updated PITIA of REO1 lowered audit DTI to 38.72%, but still over AUS tolerance of 3%.  Lender used $X,XXX.XX rental income for REO1, but audit calculates X,XXX.XX.  AUS must be resubmitted with corrected rent.  Condition Remains. (2021-05-06) Lender submitted XXX dues for subject property of $X,XXX.XX.  Lender originally used $X,XXX.XX.  DTI above tolerance.  Condition remains.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800750822

245_113_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, Subject PITI, Income,. The AUS reflects a maximum DTI of 35.60%. Due to the improper calculation of rental income and subject  PITI, the actual DTI is 38.99%. The lender used 100% vacancy factor using the lease agreement for REO #1 vs. a 75% vacancy factor. The Lender did not include XXX fees for REO #1. The lender used $X,XXX.XX/mo for subject XXX vs. the actual XXX dues of $X,XXX.XX/mo.

(2021-05-10) DU was re-run with XXX of $X,XXX.XX for the subject property and received an Approve/Eligible grading.  See the K drive folder.  Finding cleared. (2021-05-06) DTI remains above tolerance due to XXX on subject being $X,XXX.XX vs $X,XXX.XX used at origination and negative rental income.  Condition remains.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800750822

245_113_455

455

Credit

Missing Final Application (1003)

A final application for the subject transaction was not provided

(2021-05-12) Credit application is Present (2021-05-12) Lender provided the final 1003 for the subject property. Condition cleared. (2021-05-10) The Lender provided a final 1003 for the refinance of REO1, but not for the subject property.  Finding remains. (2021-05-06) Lender did not provide final signed 1003. Condition remains.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

800750822

245_113_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 The lender used $X,XXX.XX for XXX dues vs. actual XXX dues of $X,XXX.XX

(2021-05-14) CD provided with 'Loan Disclosures' Escrow Account section completed properly (2021-05-14) Lender provided CD correcting escrow section.  Condition cleared. (2021-05-10) The lender did not provide an updated CD for the subject peroty, reflecting XXX dues of $X,XXX.XX.  Only a CD for REO1 was provided.  Finding is retained. (2021-05-06) Lender submitted XXX doc showing XXX dues on subject property are $X,XXX.XX, not $X,XXX.XX. Escrow section inaccurate. Condition remains.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800750822

245_113_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 evidence to support the omission of liability #1 on the initial loan application. The loan file is missing evidence of the payment history for new liability on item #13 of the final AUS.

(2021-05-10) AUS Standards are now met and loan meets TQM standards. DU was re-run with XXX of $X,XXX.XX for the subject property and received an Approve/Eligible grading.  See the K drive folder.  Finding cleared. (2021-05-06) DTI remains above tolerance due to XXX on subject being $X,XXX.XX vs $X,XXX.XX used at origination and negative rental income.  Condition remains.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800750822

245_113_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 X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

800750822

245_113_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 X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

800750822

245_113_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) The Lender provided signed NORTC's for both borrower's, dated XX/XX/XXXX.  See the K drive folder.  Finding cleared. (2021-05-06) Lender did not submit NORTC.  Condition remains.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800751341

251_75_-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 Origination Charges in Section A are subject to 0% variance.  The Loan Estimate, dated XX/XX/XXXX, reflects Discount Points Fee of $X,XXX.XX.  The Final Closing CD reflects an Origination Fee of $X,XXX.XX. The re-disclosed Closing Disclosure reflecting the increase was not acknowledged by the borrower, and does not meet the mail box rule before the loan consumation. A tolerance cure of $X,XXX.XX is required.  In addition, the LE dated XX/XX/XXXX reflects Appraisal Fee of $X,XXX.XX in section B. The lender issued a revised CD reflecting the increase was not acknowledged by the borrower, and does not meet the mail box rule before the loan consumation.  The Final CD reflects Appraisal Fee $X,XXX.XX resulting in a variance of $X,XXX.XX, making the total refund of $X,XXX.XX.  Provide corrected CD, evidence of Refund to the Borrower, letter of explanation and proof of delivery to the Borrower.

(2021-06-04) The CD's were received and acknowledged by the borrower.  Finding cleared. (2021-06-02) The lender provided a copy of a Change of Circumstance form dated XX/XX/XXXX (which matches the one in the loan file).  Finding is retained.

Summary: Primary borrower has XX years in field. ; Summary: Refinance reduces rate from XX% to XX%. ; Summary: Refinance reduces total housing payment by  $X,XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800751341

251_75_-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.

(2021-06-04) The CD's were received and acknowledged by the borrower.  Finding cleared. (2021-06-02) The lender provided a copy of a Change of Circumstance form dated XX/XX/XXXX (which matches the one in the loan file).  Finding is retained.

Summary: Primary borrower has XX years in field. ; Summary: Refinance reduces rate from XX% to XX%. ; Summary: Refinance reduces total housing payment by  $X,XXX.XX.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800751785

245_124_2596

2596

Credit

Missing Verification of Mortgage

Credit Report does not have the required mortgage history of ___ and there is no other verification of mortgage in file. Missing verification of mortgage as required by AUS (condition #15).

(2021-05-14) The lender provided acceptable verification of mortgage.  Condition is cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

800751785

245_124_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 verification of mortgage (condition #15) and verification of new mortgage on rental property.

(2021-05-14) AUS Standards are now met and loan meets TQM standards. (2021-05-14) Lender provided required documentation.  Condition is cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800751785

245_124_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 X grade.

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

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

800751785

245_124_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 X grade.

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

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

800751785

245_124_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 X grade.

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

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

800751785

245_124_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

800752076

251_18_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 X grade.

(2021-05-13) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

800752076

251_18_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 X grade.

(2021-05-13) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

800752544

251_133_1811

1811

Credit

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

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

(2021-06-03) The Lender provided updated asset statement dated XX/XX/XXXX.  The statement reflects that a large deposit on XX/XX/XXXX, which is sourced from a refinance of REO1 (ALTA statement is included).  Finding cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800752544

251_133_18049

18049

Credit

Missing 3rd Party Verbal Verification of Employment (CoBorrower)

Missing 3rd Party Verbal Verification of Employment dated within 10 Business days prior to the Note date for CoBorrower’s job in position 1 on the application. Status of possible documentation for verification of employment:  VVOE Not in file, Employment Letter Not in file, WVOE dated more than the maximum allowable days prior to the Note date. The note date is XX/XX/XXXX. There is no evidence indicating the loan had been delivered to the GSE. ___

(2021-06-08) The Lender provided a copy ob the Coborrower's VVOE dated on XX/XX/XXXX.  Finding cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

800752544

251_133_8718

8718

Credit

Missing Evidence of Insurance for REO2

Missing Evidence of Insurance for property 2 on final application

(2021-06-03) The Lender provided a XXXX Sched E for REO #1 and #2.  Since the original loan application was in XX/XXXX - prior to the tax due date - the XXXX Sched E is acceptable as the most recent one.  Finding cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

800752544

251_133_12428

12428

Credit

Missing Evidence of Property Taxes for REO2

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

(2021-06-03) The Lender provided a XXXX Sched E for REO #1 and #2.  Since the original loan application was in XX/XXXX - prior to the tax due date - the XXXX Sched E is acceptable as the most recent one.  Finding cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

800752544

251_133_1540

1540

Credit

Missing Rental Income Documentation for REO1

Missing Rental Income Documentation for REO1. The required documentation is: signed federal tax return and Schedule E. The missing documentation is: signed federal tax return and Schedule E

(2021-06-03) The Lender provided a XXXX Sched E for REO #1 and #2.  Since the original loan application was in XX/XXXX - prior to the tax due date - the XXXX Sched E is acceptable as the most recent one.  Finding cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

800752544

251_133_5170

5170

Credit

Missing Rental Income Documentation for REO2

Missing Rental Income Documentation for REO2. The required documentation is: signed federal tax return and Schedule E. The missing documentation is: signed federal tax return and Schedule E

(2021-06-07) The Lender provided a XXXX Sched E for REO #1 and #2.  Since the original loan application was in XX/XXXX - prior to the tax due date - the XXXX Sched E is acceptable as the most recent one.  Finding cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

800754869

251_66_17454

17454

Compliance

RESPA: AfBA Disclosure from Broker is Missing or Incomplete

RESPA: AfBA Disclosure from Broker is Missing

(2021-05-18) This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

800754869

251_66_1392

1392

Compliance

RESPA: AfBA Disclosure is Missing or Incomplete

RESPA: AfBA Disclosure is Missing

(2021-05-18) This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

800755670

251_54_17543

17543

Credit

Missing Balance Sheet for S Corporation (Borrower 1)

Borrower 1 is self-employed and the balance sheet is missing or not executed for the S-Corporation listed in position 1 on the application.   Balance Sheet in file: No

(2021-06-04) Balance sheet is not required.  Finding cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

800755670

251_54_18213

18213

Credit

Missing Evidence of Self Employment - Borrower 1 Partnership

Borrower 1 is self-employed and is missing verification of self-employment dated within XX prior to the Note date on the partnership listed in position 3 on the application.  Documentation Requirements: Allow CPA Letter or Business License or other valid verification.  Status of possible documentation for verification of self-employment:  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.   There is no evidence indicating the loan had been delivered to the GSE. ___

(2021-06-04) No income is used from businesses in positions 3 & 4 listed on the final 1003, so no S/E verification is required.  Finding cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

800755670

251_54_18234

18234

Credit

Missing Evidence of Self Employment - Borrower 1 Partnership

Borrower 1 is self-employed and is missing verification of self-employment dated within XX prior to the Note date on the partnership listed in position 4 on the application.  Documentation Requirements: Allow CPA Letter or Business License or other valid verification.  Status of possible documentation for verification of self-employment:  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.   There is no evidence indicating the loan had been delivered to the GSE. ___

(2021-06-04) No income is used from businesses in positions 3 & 4 listed on the final 1003, so no S/E verification is required.  Finding cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

800755670

251_54_18249

18249

Credit

Missing Evidence of Self Employment - Borrower 1 S Corporation

The exception 'Missing Evidence of Self Employment - Borrower 1 S Corporation' is cleared. From fields in template: Verification ---- Yes Guideline Self-Employment Verification Docs ---- Allow CPA Letter or Business License or other valid verification CPA Letter Date ---- XX/XX/XXXX 12:00:00 AM Note Date ---- XX/XX/XXXX12:00:00 AM CPA Letter ---- Yes Guideline Days VOE Valid for Self Employment ---- 10 End date for Valid Employment Documents ---- Note Date Delivered Date ---- XX/XX/XXXX Business License Date ---- XX/XX/XXXX 12:00:00 AM Business License ---- Yes Other Verification Date ---- XX/XX/XXXX 12:00:00 AM Other Verification of S Corporation 1 ---- Yes

(2021-06-04) Evidence of S/E is present in the loan file.  Finding cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

800755670

251_54_18529

18529

Credit

Missing Executed Business Returns for S Corporation 1 (Borrower 1)

The exception 'Missing Executed Business Returns for S Corporation 1 (Borrower 1)' is cleared. From fields in template: Verification: ---- Yes Business Returns ---- Yes #Years Business Returns ---- 1 Conditions exist/met to accept 1 year of returns ---- Yes

(2021-06-04) Executed business returns are in the loan file.  Finding cleared.

Summary: Refinance reduces total housing payment by  $X,XXX.XX. ; Summary: UW Guides require 31.74 months reserves, loan qualified with XX months reserves. ; Summary: Refinance reduces rate from XX% to XX%. ; Summary: Borrower has resided in current property for XX years.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

800755670

251_54_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 X grade.

(2021-05-20) This breach finding is non-material and will be rated a X grade.

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

800755937

251_169_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)

(2021-06-09) Received required E-Consent documentation for borrower(s). The lender provided an e-consent signature log for documents signed at application.  Finding cleared. (2021-06-09) The lender provided an e-consent signature log for documents signed at application.  Finding cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800762816

251_36_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 X grade.

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

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

800762816

251_36_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 X grade.

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

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

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

800762816

251_36_15996

15996

Property

Property General

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

(2021-06-16) AVM obtained within 10% variance of value provided on AUS. This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

3

2

C

B

C

B

C

B

C

B

C

B

800763629

251_177_16575

16575

Credit

HELOC Closure Letter Not Provided

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

(2021-06-15) The Lender provided a signed Close Line letter for the HELOC paid off on the CD.  Finding cleared. (2021-06-14) Stip:  Lender provided the payoff statement for HELOC loan.  The file is still missing the HELOC Closure Letter.  Condition Remains.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

800763629

251_177_1811

1811

Credit

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

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

(2021-06-14) Lender provided 2 months bank statements for checking account on Final 1003 and Quarterly Statement for 401K Account.  Condition cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800763629

251_177_16463

16463

Credit

Missing Secondary Valuation

A valid secondary valuation supporting the origination appraisal value is not present, CU Score is above 2.5, No CDA in File, AVM not required, Field Review not required

(2021-06-11) CDA has been received. Condition cleared.

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

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

800763629

251_177_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

(2021-06-15) AUS Standards are now met and loan meets TQM standards.  The lender provided asset documentation with sufficient assets to meet the Cash to close requirement.  Finding cleared.

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

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800763791

251_181_1175

1175

Credit

Credit score does not meet guidelines

Credit score of 0 is less than  763, the minimum credit score required per lender guidelines

(2021-06-14) Lender provided the Credit Report dated XX/XX/XXXX, Reference #XXXXXXXXXXXXXX for Borrower and Co-Borrower.   Final FICO utilized is 763 which matches the DU Final FICO of 763.  Condition Cleared.

Summary: Primary borrower has XX years in field. ; Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800763791

251_181_18600

18600

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  FICO,.

(2021-06-16) Lender provided the credit report. Condition cleared.

Summary: Primary borrower has XX years in field. ; Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

C

A

C

A

C

A

C

A

C

A

800763791

251_181_959

959

Credit

Missing Credit Report - Borrower

A credit report for the borrower was not provided.

(2021-06-14) Lender provided the Credit Report dated XX/XX/XXXX, Reference #XXXXXXXXXXXX for Borrower and Co-Borrower.  Condition Cleared.

Summary: Primary borrower has XX years in field. ; Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

800763791

251_181_724

724

Credit

Missing Credit Report - Coborrower

A credit report for the coborrower was not provided.

(2021-06-14) CoBorrower credit report indicator is Present (2021-06-14) Lender provided the Credit Report dated XX/XX/XXXX, Reference #XXXXXXXXXXX for Borrower and Co-Borrower.  Condition Cleared.

Summary: Primary borrower has XX years in field. ; Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

800763791

251_181_13095

13095

Credit

Missing Payoff Statement for prior loan

Missing payoff statement for prior loan.

(2021-06-14) Lender provided the Payoff Statement from Community Loan Servicing for the subject property.  Condition Cleared.

Summary: Primary borrower has XX years in field. ; Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Cleared

3

1

D

A

D

A

D

A

D

A

D

A

800763791

251_181_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 X grade.

(2021-06-08) This breach finding is non-material and will be rated a X grade.

Summary: Primary borrower has XX years in field. ; Summary: UW Guides require XX months reserves, loan qualified with XX months reserves.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

800765516

251_11_1392

1392

Compliance

RESPA: AfBA Disclosure is Missing or Incomplete

RESPA: AfBA Disclosure is Missing This breach finding is non-material and will be rated a X grade. The exception status is currently Acknowledged by Client.

(2021-06-16) This breach finding is non-material and will be rated a X grade.

Summary: Borrower has XX years self employed.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

800767931

251_71_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 X grade.

(2021-05-24) This breach finding is non-material and will be rated a X grade.

Summary: Borrower has resided in current property for XX years. ; 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

800768633

251_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 X grade.

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

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Refinance reduces rate from XX% to XX%.

Acknowledged by Client

2

3

C

B

C

B

C

B

C

B

C

B

800768633

251_24_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 X grade.

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

Summary: UW Guides require XX months reserves, loan qualified with XX months reserves. ; Summary: Refinance reduces rate from XX% to XX%.

Acknowledged by Client

2

3

C

B

C

B

C

B

C

B

C

B

800783999

251_113_1392

1392

Compliance

RESPA: AfBA Disclosure is Missing or Incomplete

RESPA: AfBA Disclosure is Missing

(2021-05-28) This breach finding is non-material and will be rated a X grade.

Acknowledged by Client

2

2

B

B

B

B

B

B

B

B

B

B

800768633

251_36_15996

15996

Property

Property General

No appraisal in file, loan was approved with a PIW

(2021-06-21) 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 42.81 months reserves. ; 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